柯力传感：一季度净利润同比预增58.48%到91.76% 智通财经4月11日电，柯力传感(603662.SH)公告称，预计2025年第一季度实现归属于母公司所有者的净 利润为6,818万元到8,250万元，与上年同期相比，将增加2,515.83万元到3,947.83万元，同比增长58.48% 到91.76%。业绩预增主要得益于非经常性损益的影响，包括交易性金融资产收益增长，以及公司在传 感器和物联网领域的战略布局，使得主营业务收入与扣非净利润相比去年同期增长。 ...

Investment Rating - The report maintains an "Accumulate" rating for the company, indicating an expected relative increase of 5% to 15% compared to the CSI 300 index over the next six months [2][10][19]. Core Views - The company reported a revenue of 2.228 billion yuan for 2024, a decrease of 2.61% year-on-year, and a net profit attributable to shareholders of 77 million yuan, down 41.38% year-on-year [2][10]. - The company is focusing on enhancing its sensor business and expanding its product matrix in embodied intelligence, which is expected to open up future growth opportunities [7][9]. - The company has established a comprehensive IoT ecosystem centered around sensor technology, which includes chip design, sensitive materials, manufacturing processes, and testing technologies, maintaining its leading position in the gas sensor market [7][9]. Financial Performance - The company's gross margin for 2024 was 29.85%, a decline of 0.37% year-on-year, while the net profit margin was 2.41%, down 3.4% year-on-year [7][10]. - Research and development expenses increased by 10.36% year-on-year to 211 million yuan, accounting for 9.48% of total revenue [7][10]. - The company forecasts revenues of 2.539 billion yuan, 2.851 billion yuan, and 3.185 billion yuan for 2025, 2026, and 2027 respectively, with corresponding net profits of 114 million yuan, 139 million yuan, and 165 million yuan [10][11]. Business Development - The company is deepening its presence in security and environmental protection sectors, improving the performance of gas sensors and expanding into new markets such as energy storage and smart safety [9][10]. - In the automotive sector, the company is collaborating with several well-known manufacturers, which has led to steady growth in product orders [9][10]. - The company is also advancing its smart instrument business, enhancing its product lineup in gas measurement and safety instruments, thereby solidifying its leading position in the industry [9][10].

Core Viewpoint - The article discusses the recent A-round financing of MEMS sensor manufacturer Misi Technology, highlighting its advancements in MEMS sensor technology and market potential in various industries [4]. Company Overview - Misi Technology, established in 2020, specializes in the design, packaging, and sales of MEMS sensor chips and modules for industrial, civilian, and medical applications [5]. - The company has developed a core manufacturing technology called "Minimally Invasive Surgery" (MIS Process), enabling low-cost and high-yield production of various mainstream MEMS sensors [5][6]. Product Development - Misi Technology has launched several products, including absolute pressure, high-temperature pressure chips, and flow sensor chips, with absolute and high-temperature pressure chips already in mass production [6][9]. - The company has achieved a significant output of absolute pressure sensor chips, particularly in the consumer electronics sector, with millions of units shipped [8]. Market Potential - The global MEMS industry market size reached $18.477 billion in 2022, with China's MEMS sensor market size at 98.21 billion yuan, reflecting a year-on-year growth of 15.1%. It is projected to reach 157.13 billion yuan in 2023 [8]. - Misi Technology has engaged with over 30 clients across various sectors, including consumer, medical, automotive, industrial, and military [8]. Technological Advancements - The MIS Process technology, developed by Misi Technology's founder, is comparable to Bosch's APS process and is one of the few third-generation pressure sensor manufacturing technologies globally [8]. - This technology allows Misi Technology to significantly reduce chip area, cutting costs and improving efficiency compared to competitors [8]. Future Plans - Misi Technology aims to expand its applications into the medical and robotics fields, focusing on high-precision products such as blood pressure measurement and robotic tactile sensors [11]. - The company plans to increase its production capacity for high-temperature pressure sensor chips, targeting annual shipments of 20,000 to 30,000 units for aerospace clients [10].

随着工业智造的快速发展，传感器技术作为工业自动化和机器人领域的重要支撑，正逐渐成为推动产业升级的核 心技术之一。 六维力传感器的核心技术与优势： 1.高灵敏度与高精度：六维力传感器能够感知微小的力和力矩变化，可达克级力控精度，满足机器人精细操作的 需求。 六维力传感器：解锁机器人感知新维度 六维力传感器是集力和力矩测量于一体的高精度传感器，能够同时检测X、Y、Z三个方向的力和绕这三个轴的力 矩，为机器人提供多维度的力觉感知能力。在智能制造中，六维力传感器能够实时监测机器人与环境或物体之间 的相互作用力，帮助机器人实现更精准的动作控制和更复杂的操作任务。 2.快速响应：传感器能够实时反馈力和力矩信息，帮助机器人在动态环境中快速调整动作。 其中，六维力传感器作为一种能够同时测量力和力矩的高精度传感器，因其广泛的应用场景和独特的技术优势， 正成为智能制造领域的重要工具。特别是在近年来人形机器人、协作机器人和智能装配等领域的快速发展，使得 六维力传感器的应用前景更加广阔。 3.长寿命与可靠性：通过精密制造和优化设计，六维力传感器能够在恶劣环境下长期稳定工作，适应工业和机器 人领域的高强度应用。 4.集成化与小型化：现 ...

Group 1: Company Overview and Strategy - Hanwei Technology has established a comprehensive industrial ecosystem and strategic business layout, focusing on sensor technology and applications [3] - The company operates a full industry chain model, from sensor materials to downstream applications, distinguishing itself from competitors [3][6] - Hanwei's subsidiary, Suzhou Nengda, has become a leading company in flexible tactile sensors, addressing reliability and consistency issues [3][6] Group 2: Sensor Technology and Applications - Hanwei Technology has developed five types of sensors for embodied intelligence: olfactory, visual, IMU, force, and flexible tactile sensors, serving various applications [5] - The company has made significant advancements in flexible sensors, including a flexible sensor with 25 touch points and a lifespan of 3 million cycles [7] - The flexible sensors are engineered for high sensitivity, biocompatibility, and low-cost mass production [4][7] Group 3: Research and Development - Hanwei Technology invests heavily in R&D, with R&D expenses exceeding 9% of revenue in 2024, and operates multiple national and provincial research platforms [6] - The company has accumulated 78 invention patents related to flexible sensors, showcasing its commitment to innovation [3][6] Group 4: Market Trends and Future Directions - There is a growing demand for force and tactile sensing in industrial applications, particularly in robotic arms equipped with multi-dimensional force sensing technology [10] - Hanwei is exploring new directions in consumer electronics, medical care, and new energy human-machine interaction, with significant growth in the medical and wellness sectors [10][11] - The company plans to expand its flexible sensor production lines while maintaining cost control and technological capabilities [11] Group 5: Financial and Investment Insights - Hanwei Technology is considering a simplified program for a 300 million capital increase, primarily as a preparatory step for potential acquisitions in the sensor industry [10] - The company anticipates optimistic sales growth for its laser gas alarm products and expects improved performance in its IoT business due to favorable economic conditions [11]

Core Viewpoint - Zhengzhou is leveraging party building to drive high-quality development of private enterprises, creating a unique path for economic growth [2][3] Group 1: Economic Growth and Environment - The private economy in Zhengzhou has experienced "phenomenal" growth, supported by an optimized business environment [3] - In 2024, Zhengzhou plans to add 30 new initiatives for efficient business processing, with project approval times reduced to under 41 days [3] - The "Zheng Huiqi" platform has disbursed 9.32 billion yuan in funds to support enterprises [3] Group 2: Government and Business Relations - Zhengzhou has established a "ten thousand people help ten thousand enterprises" mechanism, with city leaders addressing issues like financing and labor for key enterprises [4] - The city has created 5,531 research and development platforms, with private sector innovation accounting for 64.3% of technological advancements [4] Group 3: Financial Support and Services - Zhengzhou's aviation port area has set up a "financial gathering hall," establishing 49 funds with a total investment scale of nearly 20 billion yuan to provide comprehensive financial services to private enterprises [4] - The city is developing a "full-cycle" service system, including a business cessation registration system and "sandbox regulation" models [5] Group 4: Economic Contributions - By the end of 2024, the private economy in Zhengzhou is expected to contribute over 60% of GDP, 77.6% of tax revenue, and 65.4% of total imports and exports [4]

Core Insights - The article highlights the launch of a metal 3D printing-based tactile sensing solution for robotic fingers by Huali Chuang Science, addressing the long-standing issue of tactile perception in humanoid robots [1] Company Summary - Huali Chuang Science showcased its tactile sensing solution at the 2025 Shanghai TCT Asia event, featuring the Photon Finger multi-dimensional force sensor and the Photon R40 six-dimensional force sensor [1] - The Photon Finger is noted as the world's smallest multi-dimensional force sensor, with a diameter of only 8.5mm and a thickness of 7mm, setting a new standard for micro-sensors in the industry [1] Industry Summary - The sensors displayed are the first of their kind to utilize metal 3D printing technology in the production of optical-based six-dimensional force sensors, marking a significant innovation in the field [1] - The advanced manufacturing technology provided by Platinum Technology has led to breakthroughs in core performance, production scale, and efficiency for these sensors [1]

摘要 吴浩多次强调，要有"打井"精神，要保持专注，持之以恒地挖井，水源才会出现。 专注一个细分领域做精、做深，鑫精诚传感器坚持了15年的时间，最终做到了头部。 用鑫精诚传感器董事长吴浩的话来说，"坚持长期主义，风口自然靠拢。" 在15年的发展历程中， 鑫精诚传感器不仅抓住了每一个阶段的风口，并且做到了服务每一个行业的头部企业。 其产品矩阵横跨十余个行业，从3C领域的苹果、华为到如今新能源的龙头企业宁德时代、比亚迪 等，都能看到鑫精诚传感器的服务案例。 2025年是鑫精诚传感器下一个15年的开端之年，在迈向新阶段之际， 鑫精诚传感器1月宣布完成 首轮融资，融资金额近亿元 ，由深创投领投，聚合资本、仁智资本共同跟投。 高工锂电获悉，此次融资资金将主要用于全球首条基于"MEMS原理"的六维力传感器自动化产线建 设与投产、新产品研发投入、各类中试实验室建设等领域。 获得首轮融资后的鑫精诚传感器，将持续武装六维力的核心技术优势，不断深入研发，赋能更多的 新兴行业与赛道，也更有信心从跟随客户成长为与行业共同进步，帮助客户解决实际痛点的关键角 色。 鑫精诚传感器在锂电行业的服务角色"进阶" 伴随着新能源行业的风起，鑫精诚传 ...

Investment Rating - The report maintains an "Outperform" rating for the electronic industry [1]. Core Insights - Humanoid robots have significant potential, with the sensory system being one of the core subsystems. The market is expected to grow rapidly as humanoid robots begin to be deployed in various applications [3][9]. - The sensory layer is crucial for interaction with the environment, accounting for approximately 15% of the total cost of humanoid robots [10][11]. - The report emphasizes the importance of multi-sensory integration, including 3D vision, force sensing, inertial sensing, and tactile sensing, in enhancing the capabilities of humanoid robots [12][39]. Summary by Sections 1. Humanoid Robot Potential - The humanoid robot market is in its early stages but is expected to transform human production and lifestyle significantly. The global sales volume is projected to grow from approximately 26,000 units in 2025 to 606,000 units by 2030, with a CAGR of about 87.6% [9]. 2. 3D Vision - 3D vision is the primary environmental information input for humanoid robots, responsible for real-time modeling of the surroundings. The Chinese machine vision market is expected to grow from 4.687 billion yuan in 2016 to 39.529 billion yuan by 2028, with a CAGR of approximately 19.4% [19]. 3. Force and Inertial Sensing - Force sensing, particularly six-dimensional force sensing, is essential for precise operations in humanoid robots. The global market for humanoid robot force sensors is expected to grow from 179 million yuan in 2024 to 32.806 billion yuan by 2030, with a CAGR of 138% [46]. 4. Tactile Sensing - Tactile sensing is crucial for humanoid robots to perform delicate operations. The global market for robotic tactile sensors is projected to grow from 210 million USD in 2022 to 430 million USD by 2029, with a CAGR of 10.8% [71]. 5. Investment Recommendations - The report recommends focusing on companies involved in 3D vision, six-dimensional force sensing, MEMS IMU, and electronic skin technologies, highlighting firms like Chipone Technology, Aobo Technology, and Hanwei Technology as key players [3][9].

Group 1: Human-like Robots - Human-like robots are ideal carriers of embodied intelligence due to their high similarity to human form and behavior, enabling collaboration in complex environments [1] - The trend of domestic substitution is becoming increasingly evident, with cost and supply chain advantages expected to manifest, allowing domestic brands to capture a larger share of the global market [1] - The diversification of task requirements will make technologies like dexterous hands and flexible skin key components of robots, enhancing precision and safety in end-user interactions [1] - Continuous upgrades and mass production of domestic robot hardware are leading to rapid cost reductions, giving domestic brands a competitive edge and accelerating the trend of domestic substitution [1] - Currently, vision technology for robots is dominated by American and Japanese manufacturers, but Chinese firms are expected to emerge in this field due to significant cost advantages [1] Group 2: Lithography Machines - Lithography machines, the largest segment of semiconductor equipment, are expected to maintain strong demand, with global spending on 300mm wafer fab equipment projected to reach $123.2 billion, $136.2 billion, and $140.8 billion from 2025 to 2027 [3] - Shanghai Microelectronics is the only domestic company producing high-end front-end lithography machines, having achieved mass production of 90nm lithography machines, with future potential to break through advanced processes and accelerate domestic production [3] - The technology of lithography machines is continuously advancing, particularly in EUV (Extreme Ultraviolet) lithography, with increasing demand and application as chip processes shrink [3] Group 3: Sensor Industry - MEMS sensors integrate micro-mechanical systems, circuits, and controllers, offering advantages such as high sensitivity, fast response, small size, and low cost [3] - The overall trend in the sensor industry is towards multi-dimensional, high-precision, high-integration, and high-extendability developments, with a focus on high-dimensional force and tactile sensors [3] - The sensor industry is characterized by a wide variety of products and low individual sensor value, necessitating a focus on integration and fusion to meet market demands [3] - The global humanoid robot market is projected to reach $1.017 billion in 2024 and grow to $15 billion by 2030, with a CAGR exceeding 56% [3] - The global smart sensor market is expected to reach $52.04 billion in 2024, with China's smart sensor market projected to reach 155.12 billion yuan [3] - China's MEMS sensor industry is entering a critical phase of "scale expansion" to "quality upgrade," with the market expected to reach 259.376 billion yuan by 2031 [3]