近日，丰茂股份（股票代码：301459）在回复投资者关于公司是否归入宇树供应链的提问时表示，公司 正积极对接人形机器人、家电机器人、水下机器人等不同领域机器人公司产品需求。且据丰茂股份官方 披露，公司已完成对杭州头部机器人企业宇树科技的实地到访，双方就精密橡胶零部件在机器人领域的 应用开展深度技术探讨与需求对接。这标志着两家企业的合作从初步沟通迈入场景化需求匹配阶段，成 为丰茂股份机器人业务布局的重要里程碑。 作为国家级专精特新"小巨人"企业,丰茂股份深耕精密橡胶零部件研发制造,在橡胶材料领域已形成独特 技术壁垒。凭借深厚的技术积淀和产品开发经验,公司在传动系统和密封系统领域具有行业领先地位。 丰茂股份的橡胶材料技术与机器人场景深度适配，依托炼胶材料端的技术壁垒，公司开发的高耐久传动 带和密封件，能精准解决机器人部件的性能痛点。橡胶传动系统为机器人关节提供柔性动力传输，可实 现高缓冲、低噪音的精准运动控制，大幅增强机器人在复杂场景下的适应能力；密封系统则为减速器等 核心部件提供精密防护，有效避免油脂泄露导致的性能衰减，显著延长机器人使用寿命，完美契合宇树 科技等企业对机器人可靠性的需求。 开源证券指出，人形机 ...

Core Viewpoint - Fengmao Co., Ltd. has achieved significant revenue and profit growth in 2024, driven by product optimization, market expansion, and brand empowerment, indicating a strengthening of its core business competitiveness [1] Financial Performance - The company reported a revenue of 949 million yuan, representing an 18.34% year-on-year increase [1] - Net profit attributable to shareholders reached 162 million yuan, up 17.03% year-on-year [1] - The non-recurring net profit was 145 million yuan, reflecting a 14.73% increase year-on-year [1] - A high dividend plan was announced, proposing a stock bonus of 3 shares for every 10 shares held and a cash dividend of 5 yuan per share, totaling 40 million yuan [1] Business Growth Drivers - The core business, particularly the transmission system segment, saw a revenue increase of 25.20%, amounting to 682.38 million yuan [3] - The company has established itself as a key player in the precision rubber components sector, with products widely used in automotive, industrial machinery, and other fields [2] - Fengmao has successfully replaced imports in the domestic market and expanded its international presence, particularly through partnerships with major automotive brands [2][5] Product Development and Market Expansion - The company is focusing on upgrading its transmission system products, which have shown competitive advantages in the mid-to-high-end market due to their durability and low noise [3] - Significant progress has been made in diversifying into industrial belts, with tailored solutions for various industries, including robotics and agricultural machinery [3][4] - The company has entered the security equipment supply chain with high-reliability industrial belts and has become a designated supplier for several motorcycle brands [4] International Strategy - Fengmao has leveraged its partnership with Michelin to enhance its international market presence, exporting products to Europe, Southeast Asia, and South America [5][6] - The company aims to strengthen its position in the global high-end rubber components market by expanding its customer base and product offerings [5] R&D and Future Plans - R&D investment increased by 30.30% in 2024, with the company actively participating in the development of international and national standards [7] - A clear development plan for 2025 has been established, focusing on expanding applications in high-value sectors like robotics and new energy vehicles [7] - The company has secured a significant order worth 170 million yuan from a well-known automotive manufacturer, ensuring stable future revenue [7][8]