传统工业自动化领域长期受柔性制造能力不足与软硬件复用率低两大瓶颈制约，传统自动化产线多为刚 性设计，一套机械结构与程序仅对应固定流程。而联合实验室推动的技术范式，通过赋予设备强大泛化 能力，从根本上改变这一现状。未来，搭载实验室技术成果的智能设备，将突破单一工位限制，借助低 代码方式快速适应新任务，大幅提升设备利用率、缩短调试周期，为真正意义上的柔性制造奠定技术基 础。 值得关注的是，创新中心作为开放平台，持续为实验室输送真实工业需求与数据；实验室开发的工具链 与数据平台，也将通过创新中心向客户与伙伴开放，助力其自主提取数据、调用模型，实现应用泛化， 最终构建起从技术研发到商业落地的可持续闭环。 数据作为AI落地的核心要素，高质量工业私有数据的获取一直是行业难题。对此，联合实验室构建 了"场景搭建—数据采集—模型训练—工具开发"的完整闭环，以破解这一痛点。目前，均普智能正积极 搭建实体化数据采集中心，通过在真实及仿真工业场景部署数采设备，系统获取模型训练所需关键数 据，确保实验室开发的工具与模型均源于真实工业实践，并能借助数据反馈实现持续迭代。现阶段，实 验室已与行业伙伴达成合作，全力推动AI视觉等模型的工业 ...

每经头条（nbdtoutiao）——A股突破4000点！十年沉寂终迎爆发，科技主线重塑市场，"慢牛"新格局开 启！ （记者 曾健辉） 2025年1至6月份，睿能科技的营业收入构成为：分销业务占比61.91%，工业自动化业务占比36.82%， 其他业务占比1.27%。 截至发稿，睿能科技市值为47亿元。 每经AI快讯，睿能科技（SH 603933，收盘价：22.41元）10月29日晚间发布公告称，公司2025年前三季 度计提资产减值准备金额共计2411.76万元，将减少公司2025年前三季度利润总额2411.76万元。本次计 提资产减值准备未经会计师事务所审计，对公司2025年年度利润的影响以会计师事务所年度审计结果为 准。 ...

（文章来源：证券日报） 证券日报网讯埃斯顿10月29日在互动平台回答投资者提问时表示，埃斯顿伺服产品矩阵丰富，功率范围 广泛，具备强大的过载能力与出色的节能效果，可显著降低能耗；同时，其伺服控制性能卓越，响应迅 速、精度极高，集成智能调谐等便捷功能，支持多种通讯协议，能够全方位满足高节拍、高可靠性的工 业场景需求。在新能源电池制造过程中，埃斯顿伺服系统表现出色，广泛应用于涂布、模切、卷绕/叠 片、包膜、模组PACK等关键工艺环节。 ...

公司加快具身智能产业布局，无框力矩、编码器和空心杯电机已实现小批量销售，并通过参股公司长春 荣德向国内头部机器人公司累计销售超万套编码器，覆盖了近30 家本体及核心模组厂商。 此外公司与华为云联合打造双臂协作智能焊接机器人和智能移动双臂分拣机器人等标杆项目，看好机器 人业务加速商业化落地。 期间费用管控良好，看好公司长期增长潜力。 业绩简评 10 月28 日，公司披露2025 年三季报，前三季度实现营收13.8亿元，同比+14.2%；实现归母净利润1.8 亿元，同比+3.4%；毛利率37.2%，同比-1.4pct；其中，Q3 实现营收5.0 亿元，同比+22.2%；实现归母 净利润0.5 亿元，同比+11.3%，毛利率35.4%，同比-3.4pct，我们预计主要由于伺服产品增速较高，产品 结构影响。 经营分析 Q3 工控下游持续复苏，小型PLC&伺服维持行业领先地位。 根据MIR，25Q3 OEM 行业销售额同比+2.2%，环比持续改善，其中电池、包装、物流等下游表现良 好。公司Q3 营收同比+22%。分产品看：1）PLC：Q3 公司小型PLC 销售额同比+10.2%，市占率7%， 维持内资第一，加大对中大型 ...

面对每天上千份上市公司公告该看哪些？重大事项公告动辄几十页几百页重点是啥？公告里 一堆专业术语不知道算利好还是利空？请看智通财经公司新闻部《速读公告》栏目，我们派 驻全国的记者们将于公告当晚为您带来准确、快速、专业的解读。 此外，1-9月公司销售费用与管理费用均下降，分别为6.14亿元和2.65亿元，上年同期为6.61亿元和2.94 亿元。 智通财经10月28日讯（记者 刘建）在宏观环境复杂演变，国内有效需求不足，市场竞争持续加剧的情 况下，川仪股份（603100.SH）前三季度营收与净利润双双下滑。同时，公司Q3单季度营收与净利润亦 面临同环比双降的局面。 需要注意的是，近年来，公司应收账款余额处于较高水平。截至2025年9月末，公司应收账款为17.68亿 元，较上年末增加1.3亿元。 今日晚间，川仪股份公告，公司前三季度实现营业收入48.9亿元，同比下降13.02%，归母净利润4.62亿 元，同比下降17.28%；其中第三季度公司实现营业收入16.09亿元，同比下降14.30%，归母净利润1.37 亿元，同比下降29.91%。 此前Q2川仪股份实现营收18.33亿元，归母净利润2.11亿元。据此测算，公司 ...

Core Insights - The company reported its Q3 2025 results, meeting expectations with a revenue of 31.663 billion yuan for the first three quarters, a year-on-year increase of 24.67% [1] - Net profit attributable to shareholders reached 4.254 billion yuan, up 26.84% year-on-year, while the non-recurring net profit was 3.888 billion yuan, increasing by 24.03% [1] Revenue Breakdown - For the first three quarters of 2025, revenue by business segment showed significant growth: - General automation (including industrial robots) generated approximately 13.1 billion yuan, a growth of about 20% [2] - The electric vehicle and rail transit sectors achieved sales of around 14.8 billion yuan, marking a growth of approximately 38% [2] - Smart elevator business revenue remained stable at about 3.6 billion yuan [2] Profitability Analysis - The gross margin for the first three quarters of 2025 was 29.27%, a decrease of 1.75 percentage points, while the net margin increased by 0.19 percentage points to 13.64% [2] - The company effectively managed its expenses, with total sales, management, R&D, and financial expense ratios combined at 16.51%, down 1.61 percentage points [2] Q3 Performance Insights - In Q3 2025, revenue was 11.153 billion yuan, up 21.05% year-on-year, but net profit growth slowed to 4.04% due to a decline in electric vehicle business profits [3] - The gross margin for Q3 was 27.51%, down 2.18 percentage points, and the net margin was 11.77%, down 1.98 percentage points [3] Strategic Developments - The company showcased humanoid robot core components at the Industrial Expo on September 23, 2025, including bionic arms and various actuators, attracting significant attention [3] Future Outlook - The company maintains its profit forecast and "buy" rating, highlighting substantial growth potential in the industrial automation sector and the rapid expansion of its electric vehicle business [4] - Profit forecasts for 2025-2027 are set at 5.615 billion, 6.130 billion, and 6.916 billion yuan, with corresponding P/E ratios of 38, 35, and 31 times [4]

Investment Rating - The report maintains a "Buy" rating for the company [6]. Core Insights - The company reported a revenue of 1.3 billion RMB for the first three quarters of 2025, representing a year-on-year increase of 12.57%. The net profit attributable to the parent company was 160 million RMB, up 11.01% year-on-year [1]. - In Q3 2025, the company achieved a revenue of 409 million RMB, a year-on-year increase of 23.21%, but a quarter-on-quarter decrease of 18.33%. The net profit for the same quarter was 41 million RMB, reflecting a year-on-year increase of 47.62% [1]. - The company is undergoing significant transformations in its channels, management, and research and development, which are expected to enhance growth in its core industrial control business [3]. Summary by Sections Financial Performance - For Q3 2025, the gross margin was 39.74%, slightly down by 0.22 percentage points year-on-year but up by 0.62 percentage points quarter-on-quarter. The increase in the expense ratio is attributed to the company's ongoing management and R&D process reforms [2]. - The company forecasts net profits of 271 million RMB, 339 million RMB, and 389 million RMB for 2025, 2026, and 2027, respectively, with corresponding EPS of 0.86, 1.08, and 1.24 RMB [5]. Business Strategy - The company has initiated a channel model upgrade since 2022, focusing on partnerships with foreign brands and shifting towards a strategy that emphasizes channels over direct sales [3]. - The establishment of subsidiaries focused on robotics and high-density motor solutions indicates a proactive approach to capturing new opportunities in the intelligent robotics sector [4]. Market Positioning - The company is expanding its market share in core products such as servo and PLC through various organizational changes and a focus on customer needs [3]. - The report highlights the company's efforts in developing key technologies for humanoid robots, which may lead to significant growth opportunities in the future [4].

Core Insights - The report indicates that as of October 27, 2025, a total of 26 institutional investors hold shares in Bichu Electronics (688188.SH), with a combined holding of 40.55 million shares, representing 14.05% of the total share capital [1] - The top ten institutional investors account for 13.52% of the total shares, showing a decrease of 2.09 percentage points compared to the previous quarter [1] Institutional Holdings - In the public fund sector, three funds increased their holdings, while six funds reduced their stakes, with a decrease of 1.01% in holdings [2] - Eight new public funds disclosed their holdings this period, while 479 funds did not disclose their holdings compared to the previous quarter [2] - Among social security funds, only one fund, the National Social Security Fund 114 Combination, increased its holdings by 0.22% [2]

中控技术 20251027 摘要 中控技术发布 TBT 时序大模型和 UCS 通用控制系统，前三季度 TBT 产 品订单突破 2 亿，收入接近 2 亿，工业机器人订单超 2 亿，预计收入接 近 2 亿，为工业 AI 布局奠定基础。 公司战略聚焦工业 AI 操作系统，围绕时序大模型 GPT 构建核心平台， GPD 2.0 线上 SaaS 化产品已吸引上万注册用户，中期目标包括 GPD 收入突破 200 亿，机器人业务收入突破 50 亿。 国家政策推动人工智能发展，国务院提出到 2027 年新一代智能终端、 AI 智能体应用普及率达到 70%，2030 年达到 90%，市场潜力巨大， 为中控技术提供广阔发展机遇。 中控技术基于强大的研发能力和前瞻性的战略布局，在 TBT 时序大模型、 UCS 通用控制系统等核心产品上处于世界领先地位，并已积累一定规模 的订单和收入。 中控技术计划投入 200 亿元用于工业 AI 发展，包括算力基础设施建设、 数据资源存储、解析与标注等，借鉴特斯拉 FSD 模型的数据标注经验， 目标是为国家每年创造上万亿价值。 Q&A 中控技术在 2025 年前三季度的经营情况如何？ 2025 年 ...

前三季度公司整体经营质量保持稳健，营业收入和归母净利润实现双增长。1 至 9 月份收入为 13.5 亿元，同比增长 16.67%；归母净利润为 2.25 亿元，同 比增长 6.74%。主营业务毛利率为 37.87%，较去年下降约一个百分点，但符 合公司预期。前三季度营业收入同比增长分别为 18%、15%和 17.24%；环 比下降 11%，符合公司的季节性波动特点。期间费用总额约 8-9 千万左右，1 至 9 月份同比累计增长 9.74%。归母净利润前三季度同比分别增长 轴向磁通电机因扭矩密度高、爆发力强，适用于高爆发力场合。公司已 有相关研发储备，并与客户进行早期对接，将持续跟进其在具身智能上 的应用。 2025 年前三季度各行业收入构成：工控同比增长百分之十几，机床同 比增长 24%，纺织同比下滑 28%，矿山同比增长 7%，高效电机同比 增长 50%，其他行业同比增长 4%，大客户同比增长 40%，国内通用 同比增长 20%，海外收入同比增长，其中独联体增速 28%，新能源增 幅超过两倍，光伏扬水同比略增不到 6%。 公司预计 2025 年全年业绩指引目标为 18 到 20 亿元。看好高效流体、 3C ...