（文章来源：证券日报） 证券日报网讯 12月17日，长盈精密在互动平台回答投资者提问时表示，公司在机器人领域已经布局超 过10年，能够为人形机器人的传动件、结构件、执行器、传感器、变速齿轮、线束、电机等提供核心零 部件，且已实现为海内外人形机器人客户开发如铝合金、镁合金、钛合金等金属材料，PEEK、IGUS等 工程塑料，以及橡胶、硅胶、尼龙、纤维织布等多种材料的零件，涵盖CNC、3D打印、压铸、注塑、 滚齿、热压等多种成型工艺。公司的项目集中在灵巧手上的传动件，正逐步增加至大尺寸的传动件。 ...

Core Viewpoint - The company has integrated robot bearings into its "14th Five-Year" business plan, focusing on high value-added products in the future [1] Group 1 - The company will concentrate on developing cross roller bearings, thin-walled bearings, and angular contact bearings as part of its strategic focus [1]

Core Viewpoint - The technology sector has rebounded strongly after a series of declines, with the lithium mining sector showing particularly impressive gains, indicating a potential new industrial cycle reversal [1][3]. Group 1: Supply and Price Dynamics - The lithium mining sector is experiencing tightening supply, leading to significant price increases, with lithium carbonate futures rising over 6% in a single day [4]. - The price of lithium carbonate has stabilized and begun to recover, reaching a range of 95,000 to 100,000 yuan per ton by December 2025, after hitting a low of 80,000 yuan per ton [7][10]. - The global supply of lithium resources is expected to be reduced by approximately 15% compared to earlier forecasts, prompting major lithium companies to slow down capital expenditures and delay new capacity releases [10]. Group 2: Demand Growth - Demand for lithium remains robust, driven primarily by the electric vehicle market, which is projected to see sales of over 13 million units in China by 2025, a year-on-year increase of about 20% [13]. - New demand sources, such as energy storage, are emerging rapidly, with global shipments of lithium batteries for energy storage expected to grow by over 40% year-on-year in 2025 [13]. - The development of new technologies, including eVTOL and robotics, is anticipated to create substantial future demand for lithium batteries, further driving the market [17][19]. Group 3: Financial Performance - The lithium mining sector has shown signs of recovery, with 21 listed companies in the sector reporting a combined revenue of 142.436 billion yuan in the first three quarters of 2025, a year-on-year increase of 13.9% [11]. - Net profit for these companies reached 12.453 billion yuan, reflecting a significant year-on-year growth of 135.02%, reversing previous negative growth trends [11]. - Despite a slight decline in gross margin, net margin has improved, indicating a positive shift in financial performance within the sector [11]. Group 4: Investment Opportunities - The lithium mining sector has undergone significant valuation adjustments, with many companies' stock prices down over 70% from their peaks, presenting potential value opportunities [22]. - The sector is currently at a critical transition point, with supply-side reductions and clear growth paths in demand driven by energy storage and emerging technologies [23]. - The CS Rare Metals Index, which includes a high concentration of lithium and other strategic metals, has attracted over 2 billion yuan in net inflows this year, highlighting investor interest in the sector [26].

Core Viewpoint - 瑞德智能 is actively expanding its business boundaries while consolidating its core advantages in the smart controller sector, achieving a revenue of 1.034 billion yuan in the first three quarters of 2025, representing a year-on-year growth of 14.77% [1] Group 1: Business Growth Drivers - The first driver of growth is the precise optimization of business structure, focusing on new smart controller markets such as electric motors, automotive electronics, and intelligent sources while maintaining its core home appliance controller business [1] - The second driver is continuous investment in R&D, optimizing the structure of R&D investment and building a platform that integrates advanced hardware and quality systems, while deepening strategic cooperation with universities [1] - The third driver is the deep empowerment of digitalization and intelligence, significantly improving operational efficiency through the "733 project" [2] - The fourth driver is the implementation of lean manufacturing, which helps build a technological moat and injects momentum for cost reduction and efficiency enhancement [3] - The fifth driver is global expansion, with the Vietnam Dong Nai R&D and production base entering a rapid capacity release phase, and the Zhejiang Shaoxing base increasing overall capacity by over 50% [3] - The sixth driver involves capital operations such as mergers and acquisitions to link external quality resources and deepen industrial synergy [3] Group 2: Robotics and Automotive Electronics - In the robotics sector, 瑞德智能 is establishing an ecological layout around the "1+3+N" industrial pattern, investing in companies like Shenzhen Yutuo Intelligent Co., Ltd. and Shenzhen Lingchao Cloud Control Technology Co., Ltd. to enhance its capabilities [4] - The automotive electronics sector is also a significant highlight for 瑞德智能, with smart controller products entering a rapid growth phase, particularly in short-distance transportation and new energy vehicles [4] - The company has gained recognition for its stable performance and quality in smart controllers for electric scooters and charging piles for well-known automotive brands like BYD [4] Group 3: Market Environment and Future Outlook - The current trend of intelligent upgrades and tightening global energy efficiency policies are driving demand for high-precision, energy-saving controllers, aligning well with the company's technological advantages [5] - The company maintains solid relationships with major clients, with healthy inventory levels and strong order resilience, supported by its excellent response and delivery capabilities [5] - Future strategies include deepening the core home appliance smart controller market while promoting the large-scale implementation and high-quality growth of new sectors like electric motors, automotive electronics, and intelligent sources [6]

Core Viewpoint - The article highlights a strong rebound in the technology sector, particularly in the lithium mining segment, indicating a potential new industrial cycle reversal driven by supply constraints and rising prices [2][3][8]. Group 1: Market Dynamics - The CS Rare Metals Index, which has the highest lithium mining concept weight (41.59%), saw a significant increase of 4.21% [3]. - Lithium carbonate futures surged over 6%, with notable increases in various options contracts, indicating heightened market activity and optimism [8][11]. - The global lithium supply is expected to decrease by approximately 15% compared to earlier forecasts, prompting major lithium companies to slow down capital expenditures and new capacity launches [15]. Group 2: Price and Performance - Lithium prices, which had previously dropped below 100,000 yuan/ton, have stabilized and are now in the range of 95,000 to 100,000 yuan/ton, reflecting a recovery in the market [11][12]. - The A-share lithium mining sector reported a total revenue of 142.436 billion yuan in the first three quarters of 2025, a year-on-year increase of 13.9%, with net profits rising by 135.02% [16]. Group 3: Demand Drivers - The demand for lithium remains robust, particularly from the electric vehicle sector, with projections indicating that China's new energy vehicle sales will exceed 13 million units in 2025, a growth of about 20% [18]. - Emerging demand from energy storage solutions is expected to grow over 40% year-on-year in 2025, driven by the increasing installation of photovoltaic and wind power systems [19]. Group 4: Future Growth Opportunities - The low-altitude economy, particularly electric vertical takeoff and landing vehicles (eVTOL), is anticipated to create significant demand for high-performance lithium batteries [22][23]. - The development of intelligent robots is also expected to drive demand for high-capacity lithium batteries, with the market for such technologies projected to be several times larger than the electric vehicle market [24][25]. Group 5: Investment Considerations - The lithium mining sector has experienced a significant market cap reduction, with many companies seeing stock price declines of over 70% from their peaks, presenting potential value opportunities [28]. - The CS Rare Metals Index has attracted over 2 billion yuan in net inflows this year, indicating strong investor interest in the sector [32].

Group 1 - The core point of the article is the establishment of a new investment fund focused on artificial intelligence and robotics, with a total investment amount of 2 billion RMB [1] - The fund is named Guangdong Yuecai Gongrong Artificial Intelligence and Robotics Industry Investment Fund Partnership (Limited Partnership) [1] - The fund's operational scope includes private equity investment, investment management, and asset management activities [1] Group 2 - The fund is jointly funded by several entities, including ICBC Financial Asset Investment Co., Ltd., ICBC Capital Management Co., Ltd., Guangdong Provincial Industrial Development Investment Fund Partnership (Limited Partnership), and Guangdong Yuecai Venture Capital Co., Ltd. [1] - The establishment of this fund indicates a growing interest and investment in the artificial intelligence and robotics sectors in China [1]

Core Viewpoint - Bertli (603596.SH) is progressing smoothly with the construction of its screw and motor projects, which will support EHB and EMB products upon production, with plans to expand into suspension and steering products in the future [1] Group 1 - The construction progress of the screw and motor projects is on schedule [1] - The production will directly support EHB and EMB products [1] - The company plans to initiate the development of robotic screws and motors next year [1]

伯特利在互动平台表示，公司目前丝杠和电机项目建设进度按计划顺利推进中，投产后可直接配套EHB 和EMB产品，后续会拓展至悬架和转向产品中，同时公司明年会启动机器人丝杠和电机的开发工作。 ...

上证报中国证券网讯（记者 陈玥）12月16日，在2025上证多层次资本市场高质量发展大会上，深圳榕树投资管 理有限公司董事长翟敬勇在主持题为《AI时代的耐心资本与产业新纪元》圆桌对话时表示，AI大时代已经到 来，从AI到机器人，创新产业得到国家产业政策和资本市场的全方位支持，呈现出欣欣向荣的势头。 翟敬勇表 示，当前人工智能已经被纳入顶层设计当中。"十四五"期间，产业资本从一级市场到二级市场都开始有所行 动，尤其近期摩尔线程及沐曦股份登陆二级市场，市场参与者都给了较高的溢价。 谈及机器人板块，翟敬勇表 示，当前有相当一批原来从事传统制造业的公司转型机器人方向，得到了市场资金的认可。"资本市场向来是非 常慷慨地奖励每一位抓住时代机遇的企业家和投资人。" "我们也做了一个数据，纳斯达克指数从2009年1月涨到 今年10月，17年时间纳斯达克指数涨了近19倍，所以我借用一位大咖的话说，AI时代已经到来，AI时代就是成 长，踏着AI的泡沫向前进，所有最后的泡沫都会被AI收益碾压。相信2026年资本市场所谓的高精尖AI时代的'五 朵金花'会继续绽放。"翟敬勇总结道。 上证报中国证券网讯（记者 陈玥）12月16日，在20 ...

17日，两市主要股指午后全线走高，沪指涨超1%，深证成指涨逾2%，创业板指大涨超3%，全A超3600 股飘红。 华西证券近日指出，随着海外美联储议息会议和国内中央经济工作会议落地，后续多路增量资金入市可 以期待：一是保险和券商资金方面，近期监管层下调了保险资金股票投资风险因子，并提出将对优质证 券公司适度扩大资本空间及杠杆限制，有利于中长期资金流入和提升市场交易活跃度；二是美联储降息 叠加人民币汇率偏强运行，有利于外资增配中国资产。行业配置上，建议关注：1）受益产业政策支持 的成长方向，如国产替代、机器人、航空航天、创新药、储能等；2）受益于"反内卷"政策的周期方 向，如化工、能源金属、资源品等；3）促消费政策的深化或带来消费板块的阶段性催化机会。 截至收盘，沪指涨1.19%报3870.28点，深证成指涨2.4%，创业板指涨3.39%，科创50指数涨2.47%，沪 深北三市合计成交18345亿元。 从盘面上看，保险、券商板块拉升，半导体、有色、医药、锂矿等板块走强，CPO概念、苹果概念、固 态电池概念等活跃。 ...