（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：市场普遍认为公司是人形机器人领域的核心公司，请 问贵公司在人形机器人领域做了哪些布局? 中鼎股份（000887.SZ）8月25日在投资者互动平台表示，在产品端，公司通过安徽睿思博、星汇传感等 子公司在关节总成、谐波减速器、行星减速器、力矩传感器等产品上完成产业布局，同时公司的橡胶件 已经完成配套，轻量化骨骼已经送样；在客户端，公司积极与众擎、埃夫特等多家人形机器人头部企业 进行客户送样，推进市场布局；同时也与五洲新春等公司签订战略合作协议，形成上下游产业链布局。 ...

【DT新材料】 获悉，8月20日， 天太机器人 与 山东未来机器人技术有限公司 、 山东未来数据科技有限公司 、 港仔机器人集团 等战略合作伙伴，共同签署全球首 个具身智能人形机器人10000台订单，创下该领域有史以来数量最大的单笔订单纪录。 此批机器人将首要聚焦于家庭康养这一赛道，将集成爬楼辅助、自动驾驶、健康监测、情感陪伴等功能 ，可同时满足家庭护理、数字生活服务等多元化需求，目标 是成为"有温度的家庭成员"。 公开资料显示， 天太机器人 成立于2014年，是一家机器人核心运动部件研发制造企业，主要向市场供应高精密度的谐波减速机、高集成度的智动轮、高定位精度 的关节总成等产品，同时也为特定领域工业客户提供高集成化机器人终端产品，实现从工业智造到服务机器人的产业链覆盖。 公司能够实现万台的量产交付能力，主要得益于技术成熟度、供应链掌控力、生态构建能力这三大因素。 技术成熟度上，天太自研的高效关节模组、精准的运动控 制算法以及稳定可靠的整机集成解决方案，破解了从"能动"到"可靠耐用"的规模化难题；供应链掌控力上，公司打通从核心零部件到整机设计研发解决方案、整机 组装的全链条，确保了性能一致性与成本可控性；生态 ...

Core Viewpoint - The company reported a strong financial performance in the first half of 2025, with significant year-on-year growth in both revenue and net profit, indicating robust operational capabilities and market demand [3]. Financial Performance Summary - In the first half of 2025, the company achieved revenue of 6.645 billion yuan, a year-on-year increase of 22.01%, and a net profit attributable to shareholders of 769 million yuan, up 18.72% year-on-year [3]. - In Q2 2025, the company recorded revenue of 3.623 billion yuan, reflecting a year-on-year growth of 23.34% and a quarter-on-quarter increase of 19.90%. The net profit for Q2 was 382 million yuan, which is a year-on-year increase of 12.54% but a quarter-on-quarter decline of 1.36% [3]. Profitability Analysis - The company's Q2 2025 gross margin was 23.43%, showing a year-on-year decline of 0.39 percentage points but a quarter-on-quarter increase of 1.23 percentage points. The net profit margin was 10.47%, down 1.04 percentage points year-on-year and 2.3 percentage points quarter-on-quarter, primarily due to credit impairment provisions [4]. - After adjusting for credit and asset impairments, the company's net profit attributable to shareholders was 431 million yuan, with an adjusted net profit margin of 11.90%, indicating stable profitability [4]. Product Development and Market Expansion - The company is positioning itself as a platform company for robot components, leveraging its precision processing and large-scale manufacturing capabilities. Its humanoid robot subsidiary, Kemon, focuses on gear reducers and joint modules [5]. - The core product, the reducer, has entered testing phases with several high-quality domestic and international clients. The company has developed a lightweight aluminum-steel product that balances weight and torque [5]. - The joint assembly is in the technology development stage, with samples sent for performance optimization in collaboration with clients [5]. - The establishment of a joint venture, Yizhi Lingqiao, aims to promote the industrialization of dexterous hands, enhancing the application scenarios for robotics [5].

Group 1 - The company primarily focuses on joint assembly and body assembly as its main OEM business [2] - An investor inquired about the decision-making authority regarding the procurement of external components for robotic manufacturing [2] - The company confirmed that the decision-making power for sourcing components lies with the company itself [2]

人形机器人板块观点汇报 20250507 关节总成环节的主要公司表现如何？ 在关节总成环节，我们重点关注三花、拓普、恒立液压、银轮股份和正裕科技。 这些公司的共同点是大部分在北美市场敞口较大，受到了关税扰动影响。拓普 集团和恒立液压由于下游宏观经济影响，整体业绩增速有所放缓。然而，正裕 科技表现亮眼，其主业模具业务相比其他企业有强有力的修复，并且滚柱丝杠 业务获得上海的一亿订单，为国产机器人带来利润落地。 减速器环节有哪些值得关注的公司及其财务表现？ 减速器环节包括谐波减速器和 RV 减速器，共有约 15 家公司参与。蓝黛科技和 福晶精工等企业在 24 年的利润增速超过 100%。然而，大部分减速器企业 24 年的利润增幅基本维持在-20%到 20%之间，中位数约为 4%到 6%。斜坡减速 器产业化落地复杂度较高，生产工艺变更以及成本降低等因素使得其逻辑更加 复杂。 摘要 • 双林股份在人形机器人领域取得进展，2024 年业绩增长 500%，2025 年 一季度增长 105.49%，受益于丝杠带来的机器人利润落地，吸引基金投 资者关注，主业也有明显修复。 • 关节总成环节公司如拓普集团和恒立液压受宏观经济影响 ...