每经AI快讯，雷赛智能（SZ 002979，收盘价：43.66元）10月27日晚间发布公告称，根据协议安排，董 事会同意公司以自有资金在广东省东莞市出资1000万元投资设立全资子公司东莞雷赛机器人科技有限公 司，并以东莞雷赛机器人作为项目主要实施主体以投资总额不低于5亿元，建设雷赛智能华南区域总部 及人形机器人核心零部件研发智造基地项目，并于2025年10月27日召开的第五届董事会第二十二次会议 以7票同意、0票反对、0票弃权的表决结果审议通过了《关于在东莞滨海湾新区投资设立全资子公司及 建设华南区域总部及人形机器人核心零部件研发智造基地项目的议案的》。 2025年1至6月份，雷赛智能的营业收入构成为：工业自动化占比99.67%，其他业务占比0.33%。 每经头条（nbdtoutiao）——拉1人入伙返1500元，投10万元成亿万富翁？这家公司大肆宣传将房产海外 代币化，有交了钱的人称是"牙签撬动地球" （记者 曾健辉） 截至发稿，雷赛智能市值为137亿元。 ...

本报讯 （记者张文湘）10月27日晚间，上海众辰电子科技股份有限公司（以下简称"众辰科技"）发布 2025年第三季度报告。今年第三季度，众辰科技实现营业收入2.03亿元，同比增长16.80%；归属于上市 公司股东的净利润、扣非净利润分别为4892万元和3974万元。 今年前三季度，众辰科技实现营业收入5.3亿元，同比增长7.32%；归属于上市公司股东的净利润、扣非 净利润分别为1.59亿元和1.4亿元；经营活动产生的现金流量净额为8405万元，同比增长51.88%。 截至2025年9月30日，众辰科技公司股东户数为1.21万户，较今年6月30日减少3105户，降幅为20.46%。 资料显示，众辰科技是一家专业从事工业自动化领域产品研发、生产、销售及服务的高新技术企业，主 要产品为变频器和伺服系统等。 （编辑 何帆） ...

Group 1: Industry Overview - JD Logistics plans to purchase 3 million robots, 1 million unmanned vehicles, and 100,000 drones over the next five years, indicating strong optimism about the rapid advancement of technology in the logistics supply chain [3] - The growth in domestic traffic is accelerating the deployment of 5.5G, and the recovery of demand in overseas markets is driving performance improvements in companies like Xintian Technology and Shuo Beid [3] Group 2: Advanced Manufacturing - Huichuan Technology emphasizes its leading position in industrial automation and joint power businesses in China, forecasting annual revenue to exceed 40 billion, with a focus on expanding overseas [6] - The company sees significant growth potential in smart robotics and digital energy management, with positive feedback on humanoid robots from various domestic and international manufacturers [6] Group 3: New Energy Sector - Guoxuan High-Tech reported Q3 revenue of 10.114 billion, up 20.68% YoY, and a net profit of 2.167 billion, up 1434%, although the profit surge is attributed to non-sustainable financial asset valuation changes [7] - The company faces operational pressures with a significant increase in inventory and accounts receivable, indicating a need for caution regarding operational quality and turnover [7] Group 4: Consumer Sector - Jieya Co. achieved revenue of 565 million in the first three quarters of 2025, a 38.4% YoY increase, with Q3 revenue growth accelerating to 255 million, up 107.2% YoY, driven by a shift of wet wipes production to outsourcing by international brands [9] - Dongpeng Beverage reported revenue of 16.844 billion in the first three quarters, a 34.13% YoY increase, with Q3 revenue of 6.107 billion, up 30.4% YoY, benefiting from reduced sales expenses and increased fair value changes [10] Group 5: Bond Market Analysis - The bond market experienced slight upward movement in yields, influenced by easing US-China trade tensions and a stable equity market, although the sentiment was initially strong due to expectations of monetary policy easing [12] - The bond market's main focus is not on fundamentals, and while there are opportunities for rate cuts, a triggering event is necessary for a downward trend in bond yields [12]

单笔最大投资 罗氏诊断将在苏州建新园区 2025年8月，全球最大的汽车技术供应商德国博世集团和苏州工业园区签约，将在五年内投资100亿元建设智能驾控产业创新项目， 并向全球市场输出技术成果。 罗氏诊断亚太生产基地和研发中心总经理蓝凯瑞表示，苏州工业园区良好的投资生态、成熟的基础设施和产业集群，对罗氏苏州的 强劲发展和成功至关重要。他们将通过持续投入本土创新，完善产业链与建设基础设施，不断拓展我们在中国的产品管线。 中国主导研发 博世拟投资100亿元智能驾控项目 央视网消息：商务部10月26日发布数据显示，2025年1至9月，中国新设立外商投资企业48921家，同比增长16.2%。2025年以 来，不论国际形势如何变化，跨国企业坚定看好中国市场，不仅升级产线还多地布局研发中心。随着中国高水平对外开放步伐加 快，超大规模市场、完备产供链和创新活力等优势不断吸引跨国企业持续投资中国、深耕中国。 博世智能出行集团中国区董事会商务执行副总裁蓝思明表示，越来越多的解决方案是在中国本地开发的，也在中国率先应用。中国 不仅是重要的制造中心，更逐渐成为关键的创新基地。 注重本地研发、服务本土市场，正成为跨国企业投资中国的共识。 ...

长江商报消息 ●长江商报记者 徐佳 三季报显示，2025年前三季度，汇川技术实现营业收入316.63亿元，同比增长24.67%；归属于上市公司 股东的净利润（以下简称"净利润"）42.54亿元，同比增长26.84%；扣除非经常性损益的净利润（以下 简称"扣非净利润"）38.88亿元，同比增长24.03%。 截至2025年9月末，香港中央结算有限公司持有汇川技术4.84亿股，其中三季度北向资金净增持981.42万 股。社保基金也在三季度增持30万股，期末持股比例为1.19%。 长江商报记者注意到，作为工业自动化行业的龙头，当前汇川技术已形成通用自动化、新能源汽车、智 慧电梯、轨道交通四大业务板块。2025年前三季度，汇川技术的通用自动化（含工业机器人）业务实现 销售收入约131亿元，同比增长约20%，继续保持行业领先优势。 值得关注的是，2025年9月25日，汇川技术顺利分拆新能源汽车领域子公司联合动力（301656.SZ）在创 业板上市。前三季度，联合动力实现营业收入145.25亿元，同比增长35.52%；净利润7.92亿元，同比增 长38.38%。 截至10月24日收盘，联合动力报29.62元/股，上市一个 ...

Core Viewpoint - The company's Q3 2025 performance met expectations, with significant year-on-year growth in revenue and net profit across various business segments [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 31.663 billion yuan, representing a year-on-year increase of 24.67%, and a net profit attributable to shareholders of approximately 4.254 billion yuan, up 26.84% year-on-year [1]. - In Q3 2025, the company reported a revenue of 11.15 billion yuan, a year-on-year growth of 21.05%, and a net profit of approximately 1.286 billion yuan, which is a 4.04% increase year-on-year [1]. Business Segments - The company experienced strong growth in its industrial control business, with overall revenue growth driven by demand from the new energy sector and emerging industries such as machine tools and semiconductors [2]. - The general automation segment saw a revenue increase of 20%, while the automotive and rail transit segment grew by 38%, and the elevator business remained flat with a 0% growth [2]. - Specifically, the automotive revenue for the first three quarters of 2025 was 14.38 billion yuan, reflecting a 38% year-on-year increase, with Q3 2025 automotive revenue estimated at 5.38 billion yuan, a 15% increase year-on-year [2]. Profitability Analysis - The company's non-recurring gains and losses significantly decreased in Q3 2025, amounting to approximately 0.069 billion yuan, down by 1.01 billion yuan year-on-year, primarily due to reduced fair value changes in equity investments [3]. - The adjusted net profit attributable to shareholders for Q3 2025 increased by 14% to 1.217 billion yuan, while the overall net profit grew by 4% to 1.286 billion yuan due to the decline in non-recurring gains [3]. Earnings Forecast and Valuation - The company maintains its net profit forecasts for 2025 and 2026 at 5.44 billion yuan and 6.64 billion yuan, respectively, with the current stock price corresponding to a P/E ratio of 39.4x for 2025 and 32.3x for 2026 [4]. - The target price has been raised by 6.7% to 80 yuan, reflecting a 1% upside potential compared to the current stock price [4].

Core Insights - In the first three quarters of 2023, the company reported revenue of 31.663 billion yuan, a year-on-year increase of 24.67%, marking the first time it exceeded 30 billion yuan in the same period [1] - The net profit attributable to shareholders reached 4.254 billion yuan, almost matching the full-year level for 2024, with a year-on-year growth of 26.84% [1] - The company has faced challenges such as insufficient growth momentum and continuous pressure on gross margins despite strong revenue growth [1][4] Financial Performance - The company's revenue has grown from 11.511 billion yuan in 2020 to an expected 37.041 billion yuan in 2024, achieving over threefold growth [6] - However, the year-on-year growth rate of revenue has entered a downward trend, decreasing from over 55% in 2020-2021 to 21.77% in 2024 [6] - The net profit has also shown a significant slowdown, with the year-on-year growth rate declining from 120.62% in 2020 to a projected negative growth in 2024, dropping to 4.285 billion yuan [6][8] Gross Margin Trends - The gross margin has decreased from 38.96% in 2020 to 28.7% in 2024, a decline of over 10 percentage points [8] - In the first three quarters of 2023, the gross margin was 29.27%, down 1 percentage point year-on-year, primarily due to the increasing revenue share from the lower-margin new energy vehicle business [8] Business Segments - The company's main business segments include general automation, new energy vehicles, smart elevators, and rail transit [10] - The new energy vehicle and rail transit segments generated approximately 14.8 billion yuan in sales, a year-on-year increase of about 38%, accounting for about 47% of total revenue [11] - The general automation segment, previously the largest revenue contributor, saw its share decline, generating about 13.1 billion yuan, with a year-on-year growth of 20% [11] Competitive Landscape - The company faces competition from foreign brands such as Siemens, ABB, and Mitsubishi, which have historically dominated the Chinese industrial automation market [12] - Despite being a domestic player, the company has advantages such as local policy support and customized solutions, allowing it to expand market share amid global supply chain instability [12] Strategic Initiatives - The company is actively pursuing new growth opportunities by entering the humanoid robotics market, leveraging its expertise in motion control and servo drives [14] - In 2024, the company began developing key components for humanoid robots and has already produced prototypes for high-performance joints [15] - The company has also re-entered the energy storage market, forming strategic partnerships and launching new products, despite facing intense competition in the sector [17][18]

Group 1 - The core point of the article is that Hekang New Energy (SZ 300048) held its 24th meeting of the 6th board of directors on October 23, 2025, to discuss the fourth vesting period of the 2020 restricted stock incentive plan [1] - For the first half of 2025, Hekang New Energy's revenue composition was 90.75% from new energy, 6.25% from industrial automation, and 3.0% from other industries [1] - As of the report date, Hekang New Energy had a market capitalization of 7.3 billion yuan [1] Group 2 - A notable transaction involved a well-known brand spending 170 million yuan to acquire 2,000 shares of a target company with a registered capital of only 10,000 Hong Kong dollars, raising questions about the necessity of the acquisition [1]

高强度研发投入下，港迪技术多项技术成果成功落地国家重大工程。在高端装备领域，公司自主研发的 HF680N系列2400kW大功率能量回馈多传动系统，成功配套900吨、1200吨大型造船龙门吊，为我国造 船行业升级注入新动能。 在水利工程领域，公司盾构机一体化专机广泛服务于南水北调引江补汉、环北部湾水资源配置等国家级 项目，同时为世界最大直径全断面硬岩竖向掘进机提供核心变频设备。 10月24日，港迪技术在互动平台回应投资者时表示，公司研发生产的盾构专用变频器是盾构机的关键核 心部件之一，具有功率密度高、脱困能力强、电机同步控制性能好等特点，可深度服务于各类隧道开挖 项目。目前，中铁工程装备、铁建重工、中交天和均为公司客户，公司产品助力中交集团硬岩竖向掘进 机"首创号""一钻成井"，创造了高速公路竖向掘进机施工竖井深度、直径、海拔等多项世界纪录。公司 在石油钻采领域也提供相应产品，近几年发展较快。公司将密切关注"十五五"规划及相关政策动向，积 极把握深地经济带来的市场机遇。 本报讯(记者李万晨曦)10月24日晚间，武汉港迪技术（301633）股份有限公司(以下简称"港迪技术")披 露2025年三季度报告。前三季度， ...

展望未来，中控技术将继续深化"All in AI"战略，加速AI与工业场景的深度融合，拓展国际市场，强化在全球工业智能化进程中的技术引领与产业赋能。在AI已成为产业升级核心驱动力的今 上证报中国证券网讯 10月24日晚间，中控技术披露第三季度业绩报告。2025年前三季度，公司实现营业收入56.54亿元，归母净利润4.32亿元。其中，工业AI业务取得积极进展，前三季度 在"All in AI"战略引领下，中控技术正逐步迈向"AI in All"的新阶段。公司致力于打造全栈式工业AI应用平台，将人工智能深度融入产品与技术体系，持续巩固在流程工业AI领域的技术 今年以来，中控技术在时序大模型TPT的研发与应用方面取得关键突破，成功实现从概念验证到规模化落地的重要跨越。截至目前，该模型已在石化、化工等多个真实生产场景中投入使用，获得 今年8月，中控技术实现了对前代产品的全面升级，发布全球首款基于时序混合专家大模型的工业Agent生成平台TPT2。该平台深度融合模拟、优化、控制、预测、评估与统计等多类技术体系 今年9月，中控技术进一步增强工业AI能力，以TPT为智能决策引擎，UCS作为执行载体，诞生工业具身智能这一全新 ...