民生证券8月17日发布研报称，给予北特科技（603009.SH，最新价：43.19元）推荐评级。评级理由主 要包括：1）公司2025Q2营收5.71亿元，同比+18.77%，环比+5.33%；归母净利润0.32亿元，同比 +48.83%，环比+38.51%；扣非归母净利润0.31亿元，同比+78.65%，环比+49.94%；2） 营收稳健增 长，盈利能力提升显著；3）底盘零部件保持稳健，空调压缩机快速增长；4）布局行星滚柱丝杠产能， 蓄力公司未来发展。风险提示：原材料价格波动超出预期，人形机器人量产节奏不及预期，客户定点情 况不及预期。 （文章来源：每日经济新闻） ...

Core Viewpoint - The company plans to raise up to 150 million yuan through a private placement of shares to fund several key projects, including the industrialization of roller screw and joint modules, expansion of high-precision CNC grinding machine production, and the establishment of a forward-looking technology research and application center [2] Group 1: Fundraising and Investment Plans - The total amount to be raised is capped at 150 million yuan, with net proceeds after issuance costs allocated to specific projects and working capital [2] - If the actual net proceeds are less than the required investment amounts, the company will adjust the investment priorities and amounts based on the actual funds raised [2] Group 2: Project Details - The "Roller Screw and Joint Module Industrialization Project" has a construction period of 3 years with a total planned investment of 99.52 million yuan, aiming for an annual production capacity of 1 million sets of reverse planetary roller screws and 500,000 sets of linear joint modules [3] - The "High-Precision CNC Grinding Machine Expansion Project" has a construction period of 2 years with a planned investment of 17.51 million yuan, targeting an annual production capacity of 540 high-precision CNC grinding machines [3] - The "Forward-Looking Technology Research and Application Center Construction Project" will take 3 years to complete with a planned investment of 10.92 million yuan, focusing on advanced R&D and testing equipment [3] Group 3: Company Background - The company specializes in intelligent manufacturing of automotive components, providing products such as automotive trim systems, intelligent control systems, power systems, and hub bearings, holding a leading position in niche markets [2] - The company has extensive experience in high-precision manufacturing, large-scale production, and cost control, supported by a mature supply chain and long-term technological accumulation [2]