Core Viewpoint - The company is closely monitoring the development trends in the robotics industry and is currently not producing battery products for robots [1] Group 1: Company Developments - The company has portable energy storage products that can be paired with solar photovoltaic panels to provide continuous power for smart robots [1] - The company plans to actively explore and develop comprehensive solutions for related application scenarios in the future [1] - The goal is to provide higher quality and more comprehensive services to the market [1]

格隆汇11月18日丨华宝新能(301327.SZ)在互动平台表示，公司密切关注机器人产业的发展趋势，目前 暂未生产机器人电池的产品。但公司的便携储能产品与太阳能光伏板配套组合，已能够实现为智能机器 人持续供电。未来，公司还将积极布局，深入探索并打造相关应用场景的整体解决方案，力求为市场提 供更优质、更全面的服务。 ...

Core Viewpoint - Jiangsu Yunyi Electric Co., Ltd. plans to invest 100 million yuan to establish a wholly-owned subsidiary, Nanjing Yunyi Robot Co., Ltd., to accelerate its strategic layout in the robotics field [1] Company Summary - The investment has been approved by the company's board and does not require shareholder voting, aligning with the company's long-term strategic development and operational needs [1] - The company has a strong technical foundation in automotive electronics, with numerous core technologies in intelligent sensor control and precision control of micro motors [1] - The establishment of the subsidiary aims to leverage the technical similarities between automotive and robotics, enhancing product application scenarios in the robotics sector [1] - The company is currently developing robotic joint module controllers [1] Industry Summary - The global robotics market is projected to reach $27.64 billion in sales by 2024 and $81.56 billion by 2031, with a compound annual growth rate (CAGR) of approximately 18% from 2025 to 2031 [2] - The robotics core components sector is at a critical window of demand explosion, driven by industrial automation upgrades and the proliferation of service robots [2] - The investment strategy of the company is seen as a way to capitalize on industry growth while reusing existing resources to shorten the development cycle from R&D to mass production [2] - The company’s move into the robotics sector is expected to enhance its long-term resilience against economic cycles by diversifying its business [2][3] Location and Development - The new subsidiary will be located in Nanjing, a key hub for intelligent manufacturing in China, which offers a complete industrial chain, supportive policies, and a talent pool [3] - The establishment of the subsidiary is subject to approval and registration processes, which may introduce uncertainties regarding timelines and outcomes [3] - The company aims to focus on the production of robotic rotating joint modules, optimizing its industrial structure and laying the groundwork for further expansion into various robotics applications [4]

在波动加剧的资本市场中，如何平衡风险与收益是不少投资者与资管从业者共同探索的命题。国金证券 资产管理有限公司（以下简称"国金资管"）资产配置部投资经理王斯杰凭借多年市场历练，形成了以长 期主义为核心的投资理念。近日，王斯杰接受《证券日报》记者专访，深度解析其投资逻辑、行业判断 与资产配置策略。 以长期主义锚定方向 "投资的核心在于坚守长期主义。"谈及投资理念，王斯杰开门见山。他表示，自己在投资决策中偏左侧 布局与逆向思维，不盲目追逐当下热门赛道，而是聚焦有主业支撑、具备第二成长曲线的标的，避免为 主题概念盲目买单。 "基金赚钱、客户不赚钱"是资管行业的痛点，这一问题根源在于回撤控制、客户信任与预期管理的三重 失衡。为此，王斯杰多次强调，投资者应建立与长期价值投资匹配的理性预期，摒弃短期博弈心态，聚 焦标的长期价值将投资视为长期事业，而非短期博弈，才能有机会真正享受到时间复利的力量。 针对当前股票市场，王斯杰独创并践行了哑铃型配置策略。该策略以两类资产为核心：一端是具备高弹 性的成长股，这类资产在市场风险偏好上升时能有机会释放一定收益，但波动较大；另一端是通过DCF 模型可测算内在价值的资产，这类标的能一定程度 ...

证券日报网讯格林美11月17日在互动平台回答投资者提问时表示，机器人产业是未来科技与产业发展的 重要方向，公司对此持续保持高度关注。作为蔚蓝锂芯最主要的材料供应商，公司于2025年8月22日发 布了《关于与蔚蓝锂芯签署超高比能电池材料联合开发的战略合作协议的公告》，双方同意组织专班， 每月至少开展一次技术交流互通各自的研发进展，在一年内实现超高比能电池技术突破，三年内推动全 固态电池等400Wh/kg以上超高比能锂电池的产业化，将各自技术成果和产品推向市场，达成各自战略 目标。未来，公司将依托在电池材料领域积累的研发与制造优势，进一步加强对机器人等新兴应用市场 的跟踪研判，积极探索相关电池产品的技术路径与市场需求，稳步推进产业链延伸与战略布局，把握产 业发展机遇。 （文章来源：证券日报） ...

Group 1 - The core point of the news is that Maihe Robotics Automation Co., Ltd. experienced a significant stock decline of 8.81%, with the current share price at 22.99 yuan and a total market capitalization of 4.292 billion yuan [1] - The company, established on January 23, 2010, and listed on December 7, 2021, primarily focuses on intelligent equipment systems and power energy supply systems, with 99.94% of its revenue coming from these main business areas [1] - The trading volume for the stock was 11.3657 million yuan, with a turnover rate of 0.69% [1] Group 2 - Among the top ten circulating shareholders of Maihe, E Fund's ETF (159530) entered the list in the third quarter, holding 845,500 shares, which is 1.18% of the circulating shares, resulting in a floating loss of approximately 1.8771 million yuan [2] - The E Fund National Robot Industry ETF (159530) was established on January 10, 2024, with a current scale of 13.315 billion yuan, achieving a year-to-date return of 24.76% and a one-year return of 22.18% [2] - The fund manager, Li Shujian, has a tenure of 2 years and 71 days, with a total fund size of 20.057 billion yuan, achieving a best return of 99.79% during his tenure [3]

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Views - The company reported a robust revenue growth of 33.49% year-on-year, achieving a total revenue of 513 million yuan for the reporting period. The net profit attributable to the parent company was 82 million yuan, reflecting a year-on-year increase of 19.95% [2][6]. - In the third quarter alone, the company generated 176 million yuan in revenue, up 22.25% year-on-year, with a net profit of 27 million yuan, marking a 27.68% increase [2][6]. - The company is focusing on the automotive and robotics sectors to create new growth curves, leveraging its established connector business and expanding into emerging fields [14]. Financial Performance - The company's gross margin for the third quarter was 39.26%, a slight decrease of 0.14 percentage points year-on-year, while the net margin improved by 1.22 percentage points to 16.26% [14]. - The projected net profits for the company from 2025 to 2027 are estimated to be 126 million yuan, 149 million yuan, and 185 million yuan, respectively [14]. Business Segments - The connector business remains stable, with a long-term gross margin around 40%. The company has over 50,000 mass production part numbers and 100,000 reserved part numbers, allowing for quick customization and cost reduction [14]. - In the robotics sector, the company has diversified its business to cover industrial, logistics, service, and humanoid robots, enhancing its technological capabilities and business expansion [14]. - The humanoid robot segment has established a core layout, focusing on key components such as motion control modules and power control systems, with ongoing customer validation and solution integration [14]. Market Outlook - The industrial automation sector is expected to experience a new growth wave driven by deep AI penetration and accelerated iterations in the robotics industry. The company aims to achieve long-term stable growth by leveraging its technological barriers and platform advantages in the connector field [14].

Core Insights - The next decade will see AI technology empower robots with a true understanding of the world, transitioning from mere movement to performing tasks and becoming life partners [1] - The humanoid robot industry is on the brink of explosive growth, with products moving from experimental phases to commercialization, driven by domestic innovations and international technological advancements [1] Industry Development - Robots will be integrated into factories, communities, and homes, enhancing collaboration with workers, providing elderly care, and performing household tasks [2] - The development of humanoid robots is characterized by significant advancements in core performance, with companies like Yushu Technology aiming to leverage capital markets for R&D and capacity expansion [3][4] Company Updates - Yushu Technology has completed its IPO counseling and plans to apply for an initial public offering in China, with the support of CITIC Securities [3] - The company's founder, Wang Xingxing, holds a 34.763% stake in Yushu Technology, indicating strong control and commitment to the company's growth [3] Market Trends - The rapid development of technology in the robotics and chip sectors is leading to a surge in companies signaling their intent to go public, reflecting the industry's shift towards large-scale commercialization [4]

Core Insights - The next decade will see AI technology empower robots with a true understanding of the world, transitioning from mere movement to performing tasks and becoming life partners rather than just industry tools [1][3]. Industry Development - Humanoid robots are moving from laboratory settings to commercialization, marking a significant shift in the industry, with products already available for sale [1][3]. - The industry is on the brink of explosive growth, driven by advancements in AI, high-end manufacturing, and new materials [1][3]. Technological Integration - Future industrial robots will collaborate with workers on production lines, autonomously handling tasks like material transport and precision assembly, thus liberating humans from repetitive labor [3]. - In community settings, small care robots will assist elderly individuals with health monitoring and companionship, addressing the shortage of caregiving personnel [3]. - Household robots will take on cleaning, caregiving, and educational support roles, becoming versatile helpers in everyday life [3]. Company Developments - Yushu Technology has completed its IPO counseling and plans to apply for an initial public offering in China, with the aim of enhancing management and operational maturity [4]. - The company is controlled by its founder, Wang Xingxing, who holds approximately 34.76% of the shares [4]. Market Trends - The rapid iteration of humanoid robot technology is accompanied by a surge of companies in the sector seeking to leverage capital markets for research and capacity expansion [4][5]. - The overall robot industry is entering a critical phase of scaling, with multiple core enterprises signaling their intent to go public, reflecting the accelerated commercialization of robotics [5].

Core Viewpoint - The next decade will see AI technology empower robots with the ability to truly "understand the world," transitioning from experimental phases to industrialization, making humanoid robots a highly anticipated disruptive product [1][2]. Group 1: Industry Development - Humanoid robots are moving from laboratory settings to commercialization, with significant product releases from domestic companies and international giants, indicating the industry is on the brink of explosive growth [1][2]. - The next ten years will mark a shift in robots from being mere tools to becoming life partners, with applications in factories, communities, and homes [2]. Group 2: Technological Integration - Future industrial robots will collaborate with workers, autonomously handling tasks like material transport and precision assembly, thus liberating humans from repetitive labor [2]. - In community settings, small care robots will assist elderly individuals by monitoring health and providing companionship, addressing the shortage of caregiving personnel [2]. - Household robots will take on cleaning, caregiving, and educational support roles, becoming versatile helpers in everyday life [2]. Group 3: Company Developments - Yushu Technology has completed its IPO counseling and plans to apply for an initial public offering in China, with the aim of leveraging capital market support for R&D and capacity expansion [3][4]. - The company is controlled by its founder, Wang Xingxing, who holds approximately 34.76% of the shares [3]. Group 4: Market Trends - The recent surge in IPO signals from various robotics and chip companies reflects the accelerated commercialization of the robotics industry, with a focus on capturing larger market shares [4].