9月18日，蓝思科技在投资者互动平台表示，公司与北美大客户有长达十年的深度合作关系，是其一级核心供应商，在智能座舱 模组（中控、B柱、充电桩）占据主要份额。在人形机器人方面，公司已为多家人形机器人客户批量交付头部模组、关节模组、 灵巧手、躯干壳体结构件及整机组装，同时也在配合北美大客户开发人形机器人相关模组。 蓝思科技日前介绍，公司四个主要板块增长展望如下： (1）智能手机与电脑类，大客户进入新一轮外观改款和新机型发布的创新周期，公司作为外观件和结构件核心供应商将显著受 益；组装业务会进一步带动结构件业务，深挖垂直整合潜力，进一步提升利润水平。 （2）智能汽车与座舱类，无线充电模组、通讯模组和域控制器等新品不断导入，多功能超薄夹胶汽车玻璃取得突破，进入批量 生产阶段，单车价值量迎来较大提升。 （3）智能头显与智能穿戴类，公司研发和生产的外观件、结构件、光学镜片等部件在多款高端AI眼镜和头显产品上实现了应 用。智能手表相关的玻璃、金属、蓝宝石、陶瓷等结构件保持增长，并在一款即将发布的采用创新材质的智能手表结构件占有 领先市场份额，板块业务潜力有望进一步释放。 （4）其他智能终端类，除了具身智能市场不，蓝思科技凭 ...

（文章来源：每日经济新闻） 蓝思科技（300433.SZ）9月18日在投资者互动平台表示，公司与北美大客户有长达十年的深度合作关 系，是其一级核心供应商，在智能座舱模组（中控、B柱、充电桩）占据主要份额。 在人形机器人方 面，公司已为多家人形机器人客户批量交付头部模组、关节模组、灵巧手、躯干壳体结构件及整机组 装，同时也在配合北美大客户开发人形机器人相关模组，具体内容因客户保密要求不便透露。 每经AI快讯，有投资者在投资者互动平台提问：公司人型机器人业务有没有跟北美头部机器人公司合 作？ 公司在机器人业务的优势是什么？ ...

Group 1 - The company has established a joint venture with Zhiyuan Robotics to focus on high-end intelligent manufacturing equipment in the consumer electronics and new energy sectors [1] - The company has completed a strategic investment in Zhejiang Zhidong Robotics, which specializes in commercial intelligent cleaning robots, aiming for innovation in AI and robotics integration [1] - The company provides structural components and assembly services for various humanoid robot companies, including head modules, joint modules, dexterous hands, and torso shells [1] Group 2 - The company has secured a share of head modules and structural components with a leading North American robotics client, with dexterous hands and structural components currently in the sample submission process [1] - As the North American client accelerates the development of new models, the company is expected to achieve large-scale production and supply of related modules and structural components [1]

Core Viewpoint - The company has established a long-term partnership with a major North American client, enhancing its innovation capabilities and resilience against market cycles through collaborative development and ecosystem synergy [1] Group 1: Client Relationships - The company has a history of cooperation with its North American major client since the initial product generation, positioning itself as a core supplier [1] - Revenue from the North American major client has decreased as a percentage of total revenue, indicating growth in new clients, projects, and products [1] Group 2: Product and Service Offerings - The company collaborates with Rokid across multiple dimensions, providing a comprehensive range of services from design to assembly, leveraging its strong vertical integration capabilities [1] - In the robotics sector, the company has partnered with Zhiyuan Robotics to deliver the Lingxi X1 humanoid robot and has made strategic investments in related companies to enhance collaboration in technology innovation and cost optimization [1] Group 3: Market Position and Future Growth - The company aims to create the largest core manufacturing platform for embodied intelligent hardware in China, with plans to expand its product categories and services, driving rapid growth in its robotics business [1]

Core Insights - The machine dog concept stocks have gained significant attention, with A-share related companies reaching a market value of nearly 600 billion and an average increase of almost 20% this year, with some stocks like Dongtu Technology and Wanma Co. doubling in value [1][3] - Key companies receiving substantial financing include EVE Energy, Zhongding Holdings, and others, indicating strong interest in the sector [1][3] Industry Overview - Machine dogs are not mere toys but represent a practical application of advanced robotics technology, exemplified by the domestic machine dog "Black Panther 2.0" breaking a ten-year speed record at 10.3 meters per second [3] - The technology behind machine dogs, such as spring knee joint technology and dynamic center of gravity adjustment systems, has potential applications in humanoid robots and logistics vehicles, suggesting vast future market opportunities [3] Funding Dynamics - Financing funds are focusing on companies like EVE Energy, which provides high-performance batteries, and Zhongding Holdings, which holds exclusive patents in the sensor field, indicating their critical roles in the machine dog supply chain [3][4] - The presence of strong technical barriers and pricing power among these companies enhances their attractiveness to investors [3][4] Market Opportunities - Three key areas present significant opportunities: 1. Technological breakthroughs leading to new market segments, such as brain-machine interface technology for controlling machine dogs [4] 2. Policy support, including subsidies of up to 5 million for machine dog companies under the national "Robot+" strategy [4] 3. Confirmed application scenarios, with companies like Shenhao Technology and Chen'an Technology already deploying machine dogs in practical settings [4] Investment Considerations - Investors should focus on two core indicators: 1. Technical conversion capabilities, as seen with companies like Optoelectronics Co., which provide adaptable solutions for various robotic applications [4] 2. Institutional recognition, with seven companies being surveyed more than five times this year, indicating strong interest from professional funds [4] Cautionary Notes - The machine dog sector is still in its early stages, with some companies merely engaging in concept hype; true investment opportunities lie with those possessing core technologies and established client relationships [5] - Companies like Wanma Co. are highlighted for their solid technical foundations and collaborations, which are essential for long-term investment viability [5]