智通财经APP讯，绿的谐波(688017.SH)发布公告，公司预计2025年度实现归属于母公司所有者的净利 润1.15亿元到1.3亿元，与上年同期(法定披露数据)相比，将增加5,883.19万元到7,383.19万元，同比增长 104.74%到131.45%。 ...

投资逻辑 公司基本盘复苏，国产替代打开主业增长空间。谐波减速器是技术 密集型行业，材料、加工工艺、加工设备等方面均存在较高技术壁 垒，以公司为首的国产谐波减速器厂商经过多年发展，打破了国际 品牌在国内机器人谐波减速器领域的垄断、并持续深化国产替代。 公司技术+成本优势领先，中商情报局披露，2024 年公司市占率 达到全球 12%，位居全球第二，国产第一。受公共安全事件结束和新 能源汽车、3C 电子等下游需求拉动影响，2024-2025 年行业持续回 暖，国家统计局披露，2024/2025 年中国工业机器人产量分别同比提 升 14.2%/28.0%，2025 年产量达到 77 万台，创历史新高。 人形机器人风口将至，公司是人形领域谐波减速器的龙头。人形机 器人市场随着 AI 技术的进步和以特斯拉为首的科技巨头加码，有望 迎来快速爆发，人形机器人自由度有持续增长趋势，将带动谐波减 速器行业数倍增长的需求。以特斯拉 Optimus 为例，单台人形机器 人谐波减速器需求量为 14 台，后续有望提升到 20 个以上。国产厂商 具备较强的创新及降本能力，相对优势显著，有望充分受益人形机 器人市场爆发带来的产业机遇。公司在 ...

（文章来源：证券日报） 证券日报网讯 1月28日，江苏北人发布公告称，公司预计2025年年度实现归属于母公司所有者的净利 润-7，813.74万元左右。 ...

投资者提问： 公司拥有众多客户资源，请问公司近年是否存在向欧盟成员国出口或销售的相关业务？如有，欧盟地区 业务收入在公司整体营业收入中的占比大致为多少？此外，公司对欧盟市场的销售主要通过哪种方式实 现：是以境内主体直接向欧盟客户出口为主，还是通过在欧盟国家设立的子公司进行销售，或通过第三 方贸易商、代理商转销至欧盟市场？ 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 董秘回答(江苏北人SH688218)： 您好！公司欧洲市场客户主要通过国内总公司和欧洲子公司直接开发和销售，公司海外项目的验收周期 较国内项目会有所延长，当前，公司主要收入来源于国内，海外项目的收入将陆续体现在后续年度，具 体收入占比将以后续年度审计为准。感谢您的关注！查看更多董秘问答>> ...

Core Viewpoint - The company, Haozhi Electromechanical, reported that its products, including harmonic reducers, frameless torque motors, and encoders, are applicable in humanoid robots, with significant growth in sales expected by Q3 2025 [1] Group 1: Financial Performance - By Q3 2025, the company anticipates sales revenue of 168.34 million yuan from components such as turntables, reducers, and linear motors, representing a year-on-year increase of 15.69% [1] - This revenue is projected to account for 14.73% of the company's total operating income [1] Group 2: Market Dynamics - The growth in the robotics business is primarily driven by accelerated industry development, sustained demand from downstream markets, and enhanced competitiveness of the company's products [1] - The company has achieved significant improvements in product quality and performance through product iterations in the second half of the year, leading to a substantial increase in order volume [1] Group 3: Operational Insights - The sales scale of the robotics-related products remains relatively small, thus having a limited impact on the overall performance of the company [1]

Core Insights - The company reported a revenue of 155 million yuan for Q3 2025, representing a year-on-year increase of 49.92% [1] - The net profit for Q3 2025 was 40.25 million yuan, showing a year-on-year growth of 81.19% [1] - For the first three quarters of 2025, the total revenue reached 407 million yuan, with a year-on-year increase of 47.36% [1] - The net profit for the first three quarters was 93.67 million yuan, reflecting a year-on-year growth of 59.21% [1] - The growth in performance is attributed to the company's technological accumulation and strategic layout, leading to synchronized growth in orders and production capacity [1]

Core Insights - The company reported a revenue of 1.688 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 24.49% [1] - The net profit attributable to shareholders reached 49.3365 million yuan, showing a significant year-on-year increase of 446.75% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 35.8067 million yuan, reflecting a remarkable year-on-year growth of 3969.23% [1] - The basic earnings per share stood at 0.1 yuan [1]

Group 1 - The core point of the article is that Midea Group reported revenue of 15.07 billion RMB from its robotics and automation systems in the first half of the year [1] Group 2 - The revenue figure indicates a significant contribution from the robotics and automation segment to Midea Group's overall performance [1] - This performance may reflect the growing demand for automation solutions in various industries [1] - The results could position Midea Group favorably in the competitive landscape of the robotics industry [1]

Core Insights - The company reported a significant decline in revenue and profit for the first half of 2025, with total revenue of 504 million yuan, down 51.65% year-on-year, and a net loss of 35.07 million yuan, a decrease of 150.82% compared to the previous year [1] Financial Performance - Total revenue for the second quarter was 232 million yuan, reflecting a year-on-year decrease of 43.21% [1] - The gross margin fell to 7.57%, down 51.59% year-on-year, while the net margin turned negative at -6.96%, a decline of 205.11% [1] - The company's three major expenses (selling, administrative, and financial) accounted for 16.48% of total revenue, an increase of 87.48% year-on-year, totaling 83.12 million yuan [1] - Earnings per share dropped to -0.08 yuan, a decrease of 150.83% year-on-year, and operating cash flow per share was -0.07 yuan, down 148.53% [1] Balance Sheet Changes - Cash and cash equivalents decreased by 71.33% due to repayment of loans [3] - Accounts receivable fell by 38.68% to 232 million yuan, while inventory increased by 35.95% as the company prepared for new projects [6] - The company’s total liabilities decreased by 8.37% to 550 million yuan [1] Operational Challenges - The decline in revenue was attributed to changes in North American automotive industry policies, slow recovery of ongoing projects, and intensified competition in the domestic market [13] - The company faced a significant drop in cash flow from operating activities, down 148.32%, due to delayed project payments [13] Investment and R&D - The company has been focusing on developing humanoid robots for industrial applications, with ongoing collaborations with Shanghai Jiao Tong University [14] - Despite advancements in technology, the company has not yet secured effective orders for its new products in the aircraft manufacturing sector [14]

Summary of Key Points Core Viewpoint - The documents provide detailed financial data regarding non-operating fund usage and inter-company transactions among various subsidiaries of a parent company, highlighting the amounts involved and their classifications. Group 1: Non-Operating Fund Usage - The total non-operating fund usage by the controlling shareholders and their affiliates is significant, with various subsidiaries reporting different amounts of fund usage [1][2]. - Specific subsidiaries such as Jiangsu Tuosida Robot Co., Ltd. and Guangdong TuoLian Technology Co., Ltd. show substantial non-operating fund balances, indicating a reliance on inter-company financing [1][2]. - The interest accrued on these non-operating funds is not detailed, but the amounts involved suggest a potential impact on the overall financial health of the parent company [1]. Group 2: Inter-Company Transactions - Inter-company transactions are categorized into operating and non-operating, with various subsidiaries reporting significant amounts under each category [2][3]. - For instance, Dongguan Tuosida Intelligent Environment Technology Co., Ltd. reported a non-operating transaction amounting to 45,882.35 thousand, indicating a high level of inter-company financial activity [1][2]. - The documents also highlight the cumulative amounts of transactions, with some subsidiaries showing large balances that could affect liquidity and operational efficiency [2][3]. Group 3: Financial Relationships - The financial relationships among the subsidiaries are complex, with many transactions classified as either operating or non-operating, reflecting the interconnected nature of the business operations [1][2]. - The data indicates that some subsidiaries have significant receivables from other subsidiaries, which may pose challenges in cash flow management [2][3]. - The overall financial structure suggests a reliance on intra-group financing, which could be a strategic approach to manage liquidity across the group [1][2].