【长城机械】再次强调 不会缺席！ 我们之前反复强调，北特不论是在身体丝杠、还是手部丝杠，都不会缺席！这背后的坚守核心源于真实，我们 与产业反复沟通、反复确认，想把产业最真实的一面传递给大家： 1身体丝杠：北特从23年下半年开始就做丝杠这件事，身体丝杠目前发货台数已达千台级，北美一共产了多少 台？ 北特当下的地位如何？ 大家心里会有一杆秤。 3工艺和设备：北特24年上半年就在以车代磨了，和北美摸索、迭代、进步了这么久，领先市场一年多，设备也全 都是定制化、需要自己调试的，没有一个环节是通用的环节，不是短时间内能超越的。 像滚珠、滚柱丝杠的装配线，北特也都有，都是自动化装配线。 总结：机器人市场空间足够大，都可以有自己的位置，国内厂商可以一起把产业做大，当产量爬坡到周产2k、 5k、甚至1w，市场预期会从100万台提升到500万台、甚至1000万台，大家都能获益。 1身体丝杠：北特从23年下半年开始就做丝杠这件事，身体丝杠目前发货台数已达千台级，北美一共产了多少 台？ 北特当下的地位如何？ 大家心里会有一杆秤。 2手部丝杠：北特手部丝杠和北美周周开例会，对接非常紧密。 之前手部丝杠型号已趋向于收敛、处于最后一轮报 ...

Summary of Conference Call Notes Company and Industry Involved - The discussion revolves around **长城机械 (Great Wall Machinery)** and its product lines, specifically focusing on **丝杠 (screw rods)**, including both **身体丝杠 (body screw rods)** and **手部丝杠 (hand screw rods)**. Core Points and Arguments 1. **Body Screw Rods Production**: - The company has started producing body screw rods since the second half of 2023, with current shipment numbers reaching the **thousands** level. This indicates a significant production capacity and market presence in North America [1][2]. 2. **Position in the Market**: - The company emphasizes its strong position in the market, suggesting that stakeholders should have a clear understanding of its competitive standing [1][2]. 3. **Hand Screw Rods Development**: - There is a close collaboration with North America regarding hand screw rods, with weekly meetings to ensure tight coordination [3]. 4. **Final Stages of Hand Screw Rod Models**: - The models for hand screw rods are nearing the final quotation phase, indicating that the product development is in its concluding stages [4]. 5. **Technological Advancements**: - The company has been utilizing a process of replacing grinding with turning since the first half of 2024, showcasing a year-long market lead in technology. The equipment used is highly customized and requires specific adjustments, making it difficult for competitors to catch up quickly [5]. 6. **Automation in Production**: - The company has automated assembly lines for components like ball and roller screw rods, which enhances production efficiency [5]. 7. **Market Potential**: - The robot market is described as having ample space for growth, with domestic manufacturers encouraged to collaborate to expand the industry. As production scales up to weekly outputs of **2,000**, **5,000**, or even **10,000** units, market expectations could rise from **1 million** units to **5 million** or even **10 million** units, benefiting all players involved [6]. 8. **Enduring Value of the Company**: - The company is characterized as an essential player in the industry, possessing significant value in maintaining its market position [7]. Other Important but Possibly Overlooked Content - The emphasis on communication and confirmation with the industry suggests a strong commitment to transparency and reliability in operations, which may enhance stakeholder confidence [1][2].

Core Viewpoint - The article discusses the recent developments in the T-chain companies, particularly in relation to their engagement with North America and the implications for the commercial space sector, highlighting the potential for investment opportunities as these companies secure contracts and establish production capabilities [2][3]. Summary by Sections T-chain Developments - T-chain companies are actively engaging in North America, with the first core T-chain company receiving a significant contract, indicating a potential shift of funds from the commercial space sector to robotics [2]. - The article emphasizes the importance of identifying companies that are genuinely progressing in terms of production capacity and securing orders, particularly as the Optimus Gen3 is expected to be released in Q1 [3]. Market Reactions - There has been a notable increase in optimism among sell-side analysts regarding North American engagements, with several companies like TP, WX, RT, KS, FS, and SL being highlighted for their positive communication outcomes [4]. - The article notes that companies that have successfully communicated with North America have seen significant stock price increases, particularly in December and January [4][6]. Key Milestones - The expected timeline for key milestones includes the finalization of contracts and production agreements, with specific focus on components such as lead screws and gear reducers, which are anticipated to reach the finalization stage by the end of January [7]. - The article mentions that the integration of new technologies, such as GaN processes and ceramic balls, is also gaining traction, with several companies nearing the point of contract finalization [7]. Future Outlook - As the Optimus model approaches production, the article suggests that the focus will increasingly shift to identifying core companies within the T-chain that are making tangible progress [9][10]. - The article concludes with a call for continuous monitoring of developments within the T-chain sector, as more companies are expected to emerge with significant updates and potential investment opportunities [11].