证券代码：300607 证券简称：拓斯达 广东拓斯达科技股份有限公司 投资者关系活动记录表 3、公司工业机器人业务发展情况 编号：2025006 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | 活动类别 | □新闻发布会 ☐路演活动 | | | ☐现场参观 | | | ☑电话/网络会议 | | 参与单位名称及 | Fullerton Fund Management Company Limited、LYGH Capital | | | Pte. Ltd、Orchid Public Investment Management Co Limited、 | | 人员姓名 | OXBRIDGE CAPITAL LIMITED、北京星允投资管理有限公司、鸿 | | | 运私募基金管理（海南）有限公司、华福证券、嘉实基金管理 | | | 有限公司、开源证券股份有限公司、凯基证券亚洲有限公司、 | | | 平安银行股份有限公司、平安证券股份有限公司、群益国际控 | | | 股有限公司、上海弥远投资管理有限公司、上海天猊投资管理 | | | 有限公司、 ...

Investment Rating - The report suggests a positive investment outlook for the nuclear power sector, particularly focusing on small modular reactors (SMRs) as a key energy solution for AI data centers [5][50][51]. Core Insights - The demand for data centers in North America is surging due to AI and cloud migration, with significant growth in core markets like Northern Virginia, Dallas, and Atlanta [16]. - The U.S. Department of Energy has selected 11 advanced nuclear reactor projects for pilot testing, indicating a strategic push towards nuclear energy as a critical power source for AI operations [5][49]. - The report highlights a robust long-term infrastructure demand in the U.S., driven by industrial resurgence and energy transition efforts [5]. Summary by Sections Global Infrastructure and Construction Equipment - The North American data center market has doubled in size since 2020, with a vacancy rate around 2% and a significant portion of new projects pre-leased [16]. - The average rental rate has increased by 3% year-on-year, with a three-year compound growth rate of 12% [16]. Global Electrical and Intelligent Equipment - The gas turbine price index increased by 4.43% year-on-year and 3.8% month-on-month as of July 2025, driven by supply-demand dynamics [19]. - The U.S. gas turbine market is expected to grow primarily due to the development of AI data centers [20]. - The production price index for electrical and special transformers in the U.S. was 440.69 in July 2025, reflecting a month-on-month increase of 0.4% and a year-on-year increase of 2.53% [33]. Global Energy Industry - The average spot price for electricity in major U.S. regions decreased by 34.02% week-on-week [3]. - The Henry Hub spot price was reported at $2.96 per million British thermal units, down 3.0% week-on-week [3]. - The U.S. government is actively working to expedite the approval process for nuclear power projects, aiming to significantly increase nuclear capacity by 2050 [51]. Global New Materials - The global uranium spot price was $71.10 per pound as of July 2025, reflecting a decrease of 9.4% month-on-month and 11.7% year-on-year [4]. Global Defense and Aerospace - The price index for aircraft engines and components remained stable in July 2025, with a year-on-year increase of 1.5% [4]. - Increased defense spending and modernization needs are driving growth in the aerospace sector [6]. Investment Recommendations - The report recommends focusing on companies involved in AI energy consumption, such as Entergy, Talen Energy, and Constellation Energy, as well as energy equipment firms like NuScale Power and Cameco [5]. - It also suggests monitoring the industrial robot sector, anticipating increased demand due to industrial resurgence [5].

华安证券8月22日发布研报称，给予赛福天（603028.SH）增持评级。评级理由主要包括：1）事件：公 司发布2025年中报；2）钢索业务优化营销策略稳定增长，光伏业务满产满销高增长；3）盈利能力明显 改善，费用率控制得当；4）突破传统业务边界，工业机器人业务持续取得突破。风险提示：市场竞争 的风险；原材料价格波动较大的风险；产品价格波动风险；技术更迭快速，产品存在被迭代的风险。 （文章来源：每日经济新闻） ...

Core Insights - JD Industrial and Nanjing Tianchuang Electronics have signed a cooperation agreement to enhance collaboration in the fields of robotics, core component online sales, MRO, and BOM supply chain optimization [1][2] - This partnership signifies JD Industrial's deepening expansion in the industrial robotics sector, leveraging the Taopu integrated supply chain solution to reduce costs and improve efficiency for robotics companies [1][3] Company Overview - JD Industrial is a leading provider of industrial supply chain technology and services in China, serving over 10,000 key enterprise clients, including around 50% of China's Fortune 500 companies [3] - Nanjing Tianchuang, established in 2011, offers a complete solution system for environmental awareness and equipment fault diagnosis, widely deployed in various industries such as power, oil and gas, and metallurgy [4] Market Context - In 2024, China's industrial robot market is projected to reach sales of 302,000 units, maintaining its position as the largest industrial robot market globally for 12 consecutive years [1] - China accounts for two-thirds of global robot patent applications and is the world's largest robot producer, with industrial robot production increasing from 33,000 units in 2015 to 556,000 units in 2024 [1] Digital Transformation Focus - The collaboration will focus on digital transformation, with JD Industrial leveraging its technological advantages in cloud computing, AI, IoT, blockchain, and big data to enhance Nanjing Tianchuang's operational processes [2] - JD Industrial aims to create a customized, aggregated digital procurement platform for Nanjing Tianchuang, facilitating intelligent transformation and cost reduction across the supply chain [2] Strategic Goals - The partnership aims to optimize the entire procurement supply chain for Nanjing Tianchuang, ensuring compliance, supply security, cost reduction, and efficiency improvement [2] - JD Industrial will utilize its extensive industrial customer base and Nanjing Tianchuang's leading position in the global inspection robot market to enhance online and offline sales of robotic products [2][4]

Core Insights - Huizhou Yuhua Zhiguang Technology Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The company’s business scope includes manufacturing and sales of metal cutting and welding equipment, industrial robots, and smart robots [1] - The company is also involved in the manufacturing of automotive parts and components, as well as specialized electrical machinery [1] Business Scope - The company engages in the manufacturing and sales of metal cutting and welding equipment [1] - It manufactures and sells industrial robots and provides installation and maintenance services [1] - The company is involved in the research and development of smart robots and their sales [1] - It also manufactures automotive parts and specialized electrical machinery [1] - The company is authorized to conduct import and export activities related to goods and technology [1]

研发加码巩固优势，生态布局谋划未来 2025H1 公司研发费用率达9.16%，研发人员占比提升至16.84%。为强化核心竞争力，公司显著扩充研 发团队规模，聚焦核心技术突破与应用场景拓展，实施并行的两项研发策略：一方面，针对具身智能机 器人核心零部件加大研发力度，持续提升产品性能与质量；另一方面，积极推进行星滚柱丝杠在非机器 人领域的应用研发，不断拓宽产品边界。在技术生态构建上，公司通过设立全资子公司上海绿的，专项 打造具身智能机器人核心零部件的研发及服务中心；同时，与南宁宇立合资成立上海哈莫森，重点攻关 机器人用旋转及线性执行器的力矩传感器技术。战略布局清晰，夯实了公司的技术基础，为持续创新提 供了坚实支撑。 投资建议与盈利预测 营收高速增长，利润同步高增 2025H1 公司实现营收2.51 亿元，同比+45.82%；归母净利0.53 亿元，同比+45.87%；扣非归母净利0.42 亿，同比+25.09%，营收与利润增长较快。 销售毛利率为34.77%，同比-5.62pct；期间费用率为16.65%，同比-5.88pct，其中销售/管理/研发/财务费 用率为1.96%/5.34%/9.16%/ 0.19%， ...

● 本报记者 王舒嫄 在动能释放方面，外贸"向上""向新"的势头更加巩固。前7个月，我国机电产品出口同比增长9.3%，占 比60%，同比提高1.1个百分点。智能家居、电动汽车、工业机器人、船舶等高技术、高附加值产品保 持较高出口增速，有进出口实绩的外贸企业达65.4万家，其中近九成是民营企业。 商务部新闻发言人何咏前8月21日在商务部例行新闻发布会上表示，今年以来，国际经贸发展面临的风 险挑战明显增多，在这样复杂的大背景下，中国外贸保持稳中有进态势，累计进出口增速逐月回升，前 7个月实现3.5%的增长，量质齐升，十分不易。当前全球经贸发展仍面临很大不确定性，我们有信心、 有底气，继续推动外贸稳量提质，并与更多贸易伙伴共同应对挑战，共享发展机遇。 何咏前表示，多个国际组织均指出，关税壁垒显著增加全球贸易成本，严重影响全球产供链的效率与稳 定性，全球贸易仍面临下行风险。我们将始终坚持扩大高水平对外开放，坚定不移办好自己的事，以高 质量发展的确定性应对各种不确定性。 何咏前表示，中国外贸量质齐升有三方面支撑因素。在政策支撑方面，去年四季度以来，多轮稳外贸政 策围绕培育外贸新动能、加强公共服务、帮助外贸企业稳订单稳就 ...

央视网消息：在8月21日下午商务部举行的新闻发布会上，商务部新闻发言人介绍，今年前7个月我国外贸保持稳中有进的态势，量质齐 升，十分不易。 商务部新闻发言人何咏前介绍称，外贸"向上""向新"的势头更加巩固。智能家居、电动汽车、工业机器人、船舶等高技术、高附加值产品 保持较高出口增速。外贸企业迎难而上、应变求新，找新市场、做新产品、拓新渠道，前7个月有进出口实绩的外贸企业达65.4万家，其中近9 成是民营企业。 ...

在发展势头方面，何咏前指出，前7个月我国机电产品出口增长9.3%，占比60%，同比提高1.1个百分 点。智能家居、电动汽车、工业机器人、船舶等高技术、高附加值产品保持较高出口增速。广大外贸企 业迎难而上，应变求新，找新市场、做新产品、拓新渠道，前7个月有进出口实绩的外贸企业达65.4万 家，其中近9成是民营企业。 商务部新闻发言人何咏前8月21日表示，我国外贸"向上""向新"的势头更加巩固。 她是在商务部召开的例行新闻发布会上作出上述表述的。 数据显示，今年前7个月，我国货物贸易进出口总值25.7万亿元，同比增长3.5%。 何咏前说，今年以来，国际经贸发展面临的风险挑战明显增多。在这样复杂的大背景下，中国外贸保持 稳中有进态势，累计进出口增速逐月回升，前7个月实现3.5%的增长，量质齐升，十分不易。 她表示，当前，全球经贸发展仍面临很大的不确定性。多个国际组织均指出，关税壁垒显著增加全球贸 易成本，严重影响全球产供链的效率与稳定性，全球贸易仍面临下行风险。我国将始终坚持扩大高水平 对外开放，坚定不移办好自己的事，以高质量发展的确定性应对各种不确定性，有信心、有底气，继续 推动外贸稳量提质。 资讯编辑：李玟 0 ...

Group 1 - Meituan's international delivery brand "Keeta" officially launched in Doha, Qatar, on August 19, marking its second entry into the Middle East after Saudi Arabia, with plans to expand into Brazil in the coming months [1] - Meituan's expansion into Qatar represents a significant step in the global strategy of Chinese instant retail companies, leveraging their expertise in algorithm scheduling and supply chain management, while also facing localization challenges [1] Group 2 - ZTO Express reported a package volume of 9.85 billion for Q2 2025, a year-on-year increase of 16.5%, with a market share increase of 0.6% quarter-on-quarter, and a more than 50% year-on-year growth in its parcel business [2] - The company's revenue for Q2 was 11.83 billion, reflecting a 10.3% year-on-year growth, with an adjusted net profit of 2.1 billion and a net cash flow from operating activities of 2.2 billion [2] - ZTO's performance continues to follow the "volume-driven profit" growth model, with future growth dependent on technological investments to reduce costs and enhance efficiency, as well as building differentiated advantages in new logistics sectors [2] Group 3 - Weimob Group reported total revenue of 775 million for the first half of 2025, with an adjusted total revenue increase of 7.8% year-on-year, and adjusted EBITDA and net profit of 72 million and 17 million, respectively [3] - The company disclosed AI-related revenue of approximately 34 million for the reporting period, marking its first announcement of such income [3] - The enterprise service sector is undergoing an "AI reconstruction," and the ability to deeply integrate AI technology with core business operations will be crucial for competitive advantage [3] Group 4 - Hunan Shibite Robot Co., Ltd. announced the completion of a billion-level B+ round financing, exclusively invested by Bit Songling Fund under Yicun Capital, following a 300 million B round financing in 2022 [4] - The new funding will be used for further research and development of industrial embodied intelligence products and market expansion in the shipbuilding and lithium battery industries [4] - The financing highlights continued investor confidence in the industrial embodied intelligence sector, although the high technical barriers and strong customization demands in the industrial robotics industry present significant challenges for scaling up [4]