杭州凯尔达焊接机器人股份有限公司2025 年半年度报告摘要 公司代码：688255 公司简称：凯尔达 杭州凯尔达焊接机器人股份有限公司 杭州凯尔达焊接机器人股份有限公司2025 年半年度报告摘要 第一节 重要提示 规划，投资者应当到上海证券交易所（www.sse.com.cn）网站仔细阅读半年度报告全文。 公司已在本报告中描述公司面临的风险，敬请查阅本报告第三节管理层讨论与分析中第四条 风险因素相关内容，敬请投资者注意投资风险。 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 无 单位：元 币种：人民 币 | | | | 本报告期末比上年度末 | | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | | | | | | 增减(%) | | 总资产 | 1,211,300,467.52 | 1,181,434,770.55 | 2.53 | 归属于上市公司股 东的净资产 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减(%) | | 营业收入 | 315,718,2 ...

一、监事会会议召开情况 杭州凯尔达焊接机器人股份有限公司 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 杭州凯尔达焊接机器人股份有限公司（以下简称"公司"）第四届监事会第 八次会议于 2025 年 8 月 4 日以现场结合通讯方式召开。本次会议通知于 2025 年 7 月 25 日以电子邮件方式送达全体监事。会议应出席监事 3 人，实际出席监 事 3 人。会议由监事会主席王述先生召集主持。本次会议的召集、召开及表决程 序符合《中华人民共和国公司法》（以下简称"《公司法》"）等法律、行政法 规、部门规章和《公司章程》的有关规定。 二、监事会会议审议表决情况 监事会认为：公司 2025 年半年度报告及摘要的编制和审议程序符合相关法 律法规及《公司章程》等内部规章制度的规定；公司 2025 年半年度报告及摘要 的内容与格式符合相关规定，公允地反映了公司 2025 年半年度的财务状况和经 营成果等事项；2025 年半年度报告编制过程中，未发现公司参与 2025 年半年度 报告编制和审议的人员有违反保密规定的行为；监事会全体成员保 ...

证券代码：688255 证券简称：凯尔达 公告编号：2025-034 杭州凯尔达焊接机器人股份有限公司 合计 11,836,261.02 / 关于 2025 年半年度计提资产减值准备的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 二、计提资产减值准备事项的具体说明 （一）信用减值损失 杭州凯尔达焊接机器人股份有限公司（以下简称"公司"）于 2025 年 8 月 于 2025 年半年度计提资产减值准备的议案》，现将有关事项公告如下： 一、计提资产减值准备的情况概述 根据《企业会计准则》及公司会计政策、会计估计的相关规定，为了真实、 准确地反映公司截至 2025 年 6 月 30 日的财务状况和 2025 年半年度的经营成果， 本着谨慎性原则，公司对截至 2025 年 6 月 30 日公司及子公司的资产进行了减值 测试，对可能发生资产减值损失的相关资产计提减值准备。公司 2025 年半年度 确认的各项资产减值准备总额为 11,836,261.02 元。具体情况如下表所示： 单位：人民币 元 | 序号 | 项目 | 本期 ...

Core Viewpoint - The report details the fundraising and usage status of Hangzhou Kaierda Welding Robot Co., Ltd. for the first half of 2025, highlighting the total amount raised, the allocation of funds, and the management of these funds [1][2]. Fundraising Overview - The company raised a total of RMB 92,352.81 million by issuing 19,603,653 shares at RMB 47.11 per share, with a net amount of RMB 83,502.17 million after deducting underwriting fees and other expenses [1]. - The funds were deposited into a regulatory account on October 18, 2021, and verified by Tianjian Accounting Firm [1]. Fund Usage and Balance - As of the report date, the total amount invested in projects was RMB 19,790.24 million, with a remaining balance of RMB 11,419.78 million [1][2]. - The company utilized RMB 45,000 million of the raised funds to repay bank loans and RMB 8,888.89 million for share repurchases [1][2]. Fund Management - The company established a dedicated account for fundraising and signed a tripartite supervision agreement with banks to ensure proper management and usage of the funds [2]. - The company has complied with relevant regulations and has implemented a management system for the funds [2]. Project Updates - The "Intelligent Welding Robot Production Line Construction Project" has been completed, with surplus funds transferred to the company's own account [2]. - The "Assembly Testing Laboratory Construction Project" has been changed to three new projects: "Collaborative Robot R&D and Industrialization Project," "Industrial Robot Intelligent Production Line Upgrade and Expansion Project," and "Supplementary Working Capital" [2][3]. Financial Performance - The company reported a net interest income of RMB 3,997.56 million from the raised funds [1]. - The total amount of funds used for share repurchases reached RMB 8,888.89 million as of June 30, 2025 [4][5]. Compliance and Reporting - The company has disclosed all relevant information regarding the usage of raised funds in a timely and accurate manner, with no significant issues reported [3][4]. - The company has not encountered any situations where the benefits of investment projects could not be individually accounted for [3].

Investment Rating - The report maintains a "Buy" rating for the automotive industry, highlighting potential growth opportunities in the humanoid robotics sector and related companies [6][9][46]. Core Insights - The 2025 World Robot Conference is set to showcase over 1,500 exhibits from more than 200 companies, emphasizing innovation and collaboration within the robotics industry [4][5]. - The humanoid robotics sector is undergoing a significant transformation, moving from virtual to real-world applications, which is expected to drive demand and create new market opportunities [6][9]. - The report identifies specific companies as key investment opportunities, including Shuanglin Co., Ltd., Leedick, and others, based on their positioning in the humanoid robotics and automotive sectors [9][46]. Market Performance - The automotive sector has shown a 36.5% increase over the past 12 months, outperforming the broader market [2][17]. - The report notes a decline in the automotive index by 2.1% recently, lagging behind the overall market performance [16][22]. Company Announcements and New Models - NIO's L90 and Li Auto's i8 have been launched, with the L90 priced starting at 279,900 CNY and the i8 ranging from 321,800 to 369,800 CNY, both featuring advanced electric vehicle technologies [7][8][63]. - The report highlights the strategic importance of these new models in enhancing the companies' market positions and technological capabilities [7][8]. Investment Recommendations - The report recommends several companies for investment based on their roles in the humanoid robotics and automotive sectors, including Shuanglin Co., Ltd., Leedick, and others, emphasizing their growth potential and market positioning [9][46][48].

Core Insights - The company, Haozhi Electromechanical, has successfully developed key technologies for harmonic reducers, including tooth profile design, cam profile design, and gear surface treatment [2] - The company has produced harmonic reducers in models ranging from 14 to 50, with gear ratios covering 30 to 160 [2] - A massage robot co-developed with clients has been successfully applied in professional beauty chain institutions [2] - By the first half of 2025, the sales revenue from the company's core functional components for robots reached 12.21 million yuan, representing a year-on-year growth of 127% [2]

具体来看，沪指盘中震荡上扬，午后走高；深证成指、创业板指午后止跌回升，科创50、中证2000指数 等涨超1%。截至收盘，沪指涨0.66%报3583.31点，深证成指涨0.46%报11041.56点，创业板指涨0.5%报 2334.32点，科创50指数涨1.22%，沪深北三市合计成交15184亿元，较此前一日减少逾1000亿元。 场内近3900股飘红，军工板块爆发，北方长龙、长城军工涨停创出历史新高，爱乐达、恒宇信通均涨 停；工业母机概念活跃，华东数控、国机精工、夏厦精密等涨停；人形机器人概念拉升，浙江荣泰涨停 创历史新高，五洲新春、能科科技等均涨停；半导体板块上扬，东芯股份20%涨停，芯导科技、芯原股 份涨超10%。 机构表示，当前，"十四五"规划已步入收官冲刺阶段，八一建军节、"九三"阅兵等多重时间坐标的叠 加，正推动军工板块迎来前所未有的格局重塑。 港股方面，英诺赛科大涨超30%，山东黄金涨超10%，华虹半导体涨近9%，老铺黄金涨超6%。 军工板块爆发 军工板块盘中大幅拉升，个股掀涨停潮。截至收盘，北方长龙、爱乐达、恒宇信通、科思科技等20%涨 停，新光光电涨超13%，长城军工涨停再创历史新高。 | 代码 ...

Market Overview - The market opened lower but rebounded throughout the day, with all three major indices rising. The total trading volume reached 1.52 trillion [1] - The military industry sector saw a significant surge, with over 20 stocks including North Long Dragon and Great Wall Military Industry hitting the daily limit [1][4] - The robotics sector also performed strongly, with stocks like Zhejiang Rongtai and Dongjie Intelligent reaching their limits [1][6] - Solid-state battery concepts experienced a rise, with Shanghai Xiba hitting a new high [1] Key Sectors Military Industry - The military sector experienced a substantial increase, with stocks like Hengyu Xintong and Aerospace Electronics hitting their daily limits. Notable stocks such as Great Wall Military Industry and North Long Dragon reached historical highs [4] - A catalyst for this surge was the report from Global Times stating that the Pakistani military has integrated Chinese-made Z-10ME armed helicopters into its aviation units [4] Robotics - The robotics sector saw a notable rise, with companies like Zhongma Transmission and Dongjie Intelligent achieving consecutive limit-ups. The World Robot Conference is scheduled to take place from August 8 to 12 in Beijing [6][8] - DJI is set to launch its first sweeping robot product "Romo" on August 6 [6] AI Applications - The AI applications sector continued to perform well, with companies like Nengke Technology and Huashengchang hitting their limits. Barclays reported that the AI website building tool Lovable achieved an annual recurring revenue of $100 million in just eight months [9][11] - OpenAI is expected to officially release the new GPT-5 model in early August, which could significantly impact the AI programming landscape [9][11] Stock Performance - Great Wall Military Industry (stock code: 601606) reached a price of 38.83 with a 10% increase and a market cap of 28.12 billion [5] - Dongjie Intelligent (stock code: 300486) saw a price of 16.99 with a 19.99% increase [7] - Nengke Technology (stock code: 603859) reached a price of 42.61 with a 9.99% increase and a market cap of 10.43 billion [10]

Group 1 - The event "Shenzhen-Central Asia Product Matching Conference" was successfully held, focusing on enhancing cooperation between Shenzhen and Central Asia, with participation from nearly 30 overseas Chinese business leaders and 25 Shenzhen enterprises [1][3] - Shenzhen's Longhua District is highlighted as a key node in the Guangdong-Hong Kong-Macao Greater Bay Area, possessing advantages in industrial internet and artificial intelligence, and providing comprehensive support for enterprises to expand internationally [3] - The "Overseas Chinese Business Conference" is set to take place in Almaty, Kazakhstan, on September 25-26, 2025, showcasing a mature model for supporting enterprises' international expansion through exhibitions, matchmaking events, business inspections, and digital platforms [5] Group 2 - Six Shenzhen enterprises presented their product and technology advantages, including data governance solutions, cleaning robots, smartwatches, intelligent agricultural machinery, digital education products, and energy-saving solutions, which attracted strong interest from overseas Chinese business representatives [7] - The conference resulted in positive outcomes, with 13 enterprises showcasing products and receiving procurement demands for various items, including smart home products and educational digital products, amounting to an estimated procurement demand of approximately 20 million RMB [9] - Participating enterprises are maintaining close contact with overseas partners, with some projects entering substantial negotiation stages, and supporting organizations will continue to monitor project progress and provide ongoing support for international expansion [9]

Investment Rating - The report indicates a strong upward trend in the automotive and robotics sectors, particularly highlighting the potential of intelligent driving and humanoid robots as key investment opportunities [3][4]. Core Insights - Intelligent Driving: The sector shows robust growth with increasing penetration rates for smart driving technologies and accelerated commercialization of Robotaxi services. WeRide has obtained the first autonomous driving license in Saudi Arabia, making it the only company with licenses in six countries [1][7]. - Robotics: The industry is experiencing steady growth, with new product launches from leading overseas companies expected to drive acceleration in the sector. The introduction of the "Lingqu OS" by Zhiyuan Robotics aims to create an open-source framework for embodied intelligence [2][14]. Summary by Sections Intelligent Driving - WeRide announced its Q2 financial results and received the first autonomous driving license for its Robotaxi in Saudi Arabia, marking a significant milestone in its global expansion [1][7]. - The establishment of the Changan Group as the third national automotive central enterprise in China, with a registered capital of 20 billion yuan, indicates a strengthening of the automotive industry [1][10]. - The launch of the Li Auto i8, the first mass-produced VLA electric SUV, signifies advancements in electric vehicle technology and market competition [1][8]. - NIO's L90 SUV saw a surge in orders on its first day of launch, reflecting strong market demand for new electric models [1][9]. Robotics - The humanoid robot R1 was launched by Yushun Technology at a starting price of 39,900 yuan, showcasing advancements in consumer-grade robotics [2][25]. - Zhiyuan Robotics introduced the "Lingqu OS," an open-source operating system aimed at enhancing the integration of robotic systems and driving breakthroughs in embodied intelligence technologies [2][28]. - The robotics sector is witnessing increased collaboration among companies, with strategic partnerships being formed to enhance product offerings and market reach [2][20]. Investment Recommendations - The report emphasizes that ROBO+ represents the strongest industrial trend in the automotive sector, with intelligent driving and humanoid robots being pivotal areas for growth. The penetration rate for advanced intelligent driving is expected to see explosive growth by 2025 [3][4]. - Key supply chain components such as chips, LiDAR, and optical devices are anticipated to experience significant growth, with recommendations to focus on leading companies in these fields [3][4]. - The second half of 2025 will be crucial for monitoring technological advancements and market dynamics in the robotics sector, particularly regarding new technologies and component pricing [3][4].