Group 1 - The A-share market experienced narrow fluctuations on May 28, but the sanitation robot concept emerged as a market focus, with several related stocks showing significant gains, including Qidi Environment, Jintai Environment, and Qiaoyin Co., which hit the daily limit, while Yuhua Tian and Hanjia Design also saw notable increases [1] - The sanitation industry is transitioning from a "labor-intensive" model to a "technology-intensive" model, driven by the deep integration of IoT, big data, AI, robotics, and autonomous driving technologies, creating unprecedented development opportunities for the sanitation robot market [1] - Hanjia Design's subsidiary, Futai Technology, is a leading player in the domestic sanitation robot sector, offering customized robotic solutions tailored to various urban governance scenarios, promoting intelligent, efficient, and sustainable urban management [1] Group 2 - 2024 is expected to be the year of large-scale application for unmanned and minimal human operation in sanitation, with Futai Technology launching urban intelligent operation services in economically developed regions, having over 20 implemented projects, leading the nation in application scale [2] - In the area of unmanned garbage classification operations, Futai Technology has established over 5,000 unmanned operation points and more than 120 projects, holding a market share of over 35%, ranking first in the industry [2] - The potential market size for unmanned cleaning scenarios is estimated at 68 billion yuan annually, with collection and transportation potential at 40 billion yuan, underground pipeline inspection and maintenance at 48 billion yuan, and urban management inspection at 18 billion yuan, indicating a total market size exceeding 100 billion yuan annually, showcasing significant market potential [2] - As smart city construction continues, unmanned robots are expected to integrate deeply into urban management, becoming a core engine for enhancing public service efficiency and reshaping urban governance systems, with Futai Technology poised to maintain its leading position in this expansive market [2]

[Table_StockInfo] 2025 年 05 月 17 日 证券研究报告•公司研究报告 新 北 洋（002376）计算机 目标价：9.96 元（6 个月） 买入 （首次） 当前价：6.75 元 精拓非美市场，智能柜金融机具需求强劲 请务必阅读正文后的重要声明部分 投资要点 西南证券研究院 [Table_Author] 分析师：胡光怿 执业证号：S1250522070002 电话：021-58351859 邮箱：hgyyf@swsc.com.cn 分析师：王湘杰 执业证号：S1250521120002 电话：0755-26671517 邮箱：wxj@swsc.com.cn [Table_QuotePic] 相对指数表现 -14% -5% 4% 14% 23% 32% 24/5 24/7 24/9 24/11 25/1 25/3 25/5 新北洋 沪深300 数据来源：聚源数据 | 基础数据 | | | --- | --- | | [Table_BaseData] 总股本(亿股) | 8.11 | | 流通 A 股(亿股) | 7.87 | | 52 周内股价区间(元) | 5.01-7.76 | | ...