证券日报网讯1月9日，机器人在互动平台回答投资者提问时表示，现阶段，公司重点发力在工业机器人 与智能制造装备等领域；在人工智能领域，公司围绕AI大模型、智能视觉感知等前沿技术持续投入研 发，积极探索具身智能在工业制造、社会服务等场景的应用。 ...

（文章来源：证券日报） 证券日报网讯 1月6日，大族激光在互动平台回答投资者提问时表示，公司经过了二十多年的发展和技 术积累，具备从基础器件、整机设备到工艺解决方案的垂直一体化能力，是全球领先的智能制造装备整 体解决方案提供商，具有产业政策支持、综合技术领先、销售和服务网络广泛、客户资源丰富、品牌效 应显著等优势。关于业务及产能等情况，请关注公司后续披露的相关定期报告。 ...

截至发稿，博实股份市值为173亿元。 每经头条（nbdtoutiao）——对话马斯克脑机接口"一号受试者"：大脑植入芯片23个月，我正重新夺回 人生的独立 （记者 张明双） 每经AI快讯，博实股份（SZ 002698，收盘价：16.94元）12月25日晚间发布公告称，哈尔滨博实自动化 股份有限公司于2025年12月25日收到股东蔡志宏先生《关于股份减持计划的告知函》，蔡志宏先生为公 司控股股东、实际控制人之一蔡鹤皋先生之子，持有公司股份约5068万股（约占公司总股本约10.23亿 股的4.96%），计划以大宗交易及集中竞价交易的方式减持公司股份不超过3000万股；实施期间为自本 次减持计划公告披露之日起15个交易日后的三个月内（即2026年1月21日至2026年4月20日）。 2025年1至6月份，博实股份的营业收入构成为：智能制造装备占比69.88%，工业服务占比27.24%，环 保工艺与装备占比2.89%。 ...

Core Viewpoint - Dalian Meidel Industrial Automation Co., Ltd. has received approval for its initial public offering (IPO) on the Beijing Stock Exchange, focusing on smart manufacturing equipment development and production [1] Financial Performance - The company reported revenues of 1.031 billion yuan in 2022, 1.009 billion yuan in 2023, and projected 1.138 billion yuan in 2024, indicating a revenue growth of 12.73% in 2024 compared to 2023 [1] - Net profits for the same years were 222.2 million yuan in 2022, 205.2 million yuan in 2023, and an expected 211.1 million yuan in 2024, reflecting a year-on-year increase of 2.70% in 2024 [1] - Key financial metrics for 2024 include basic and diluted earnings per share of 3.76 yuan, and a weighted average return on equity of 23.41% [1] Investment Projects - The funds raised from the IPO will be allocated to several projects, including high-end intelligent conveyor system development, South China intelligent conveyor equipment production, East China industrial automation conveyor equipment production, and the fourth phase of Dalian Meidel's construction project [1]

Group 1 - The core point of the article is that Boshi Co., Ltd. (SZ 002698) held its first board meeting of the sixth session on November 27, 2025, where it reviewed the proposal for appointing the company's board secretary [1] - For the first half of 2025, Boshi Co., Ltd.'s revenue composition was as follows: intelligent manufacturing equipment accounted for 69.88%, industrial services accounted for 27.24%, and environmental processes and equipment accounted for 2.89% [1] - As of the time of reporting, Boshi Co., Ltd. had a market capitalization of 15.6 billion yuan [1]

Core Viewpoint - Huachangda (300278.SZ) focuses on intelligent manufacturing equipment and does not engage in component business [1] Company Summary - The company's main business is intelligent manufacturing equipment [1] - The company has clarified its operational focus through an interaction on its platform [1]

Market Overview - The A-share market showed strong recovery momentum after a dip, with expectations for continued rebound, although there are concerns about sustainability due to external uncertainties and insufficient trading volume [1][9][10] - The total trading volume of the two markets was 18,121 billion, with the Shanghai Composite Index closing at 3,870.02 points, up 0.87% [5] Sector Analysis - The technology growth sectors, including semiconductor chips, AI themes, and robotics, are highlighted as potential investment opportunities, alongside cyclical industries such as photovoltaics, batteries, and chemicals [2][4][9] - The gaming sector experienced significant gains, driven by advancements in AI applications, which are expected to enhance content production and industry growth [6][7] - The light communication module sector is anticipated to remain in a high prosperity cycle, supported by AI computing power and data center upgrades [6] Investment Strategy - Investors are advised to focus on stocks with performance support while avoiding high-valuation stocks lacking earnings backing, emphasizing a balanced approach to sector rotation [2][9] - The report suggests that software development will be a key application area for AI, benefiting from increased efficiency and becoming a new revenue growth driver [8]

Investment Strategy Overview - The report aims to summarize important internal deep reports, significant commentary, and marginal changes in the macro strategy group of large manufacturing [1] - The investment strategy for the mechanical industry in 2026 focuses on cyclical reversal, growth emergence, and accelerated overseas expansion [4] Core Companies and Recommendations - Key companies recommended include Yokogawa Precision, Zhejiang Rongtai, Shanghai Yanpu, Taotao Vehicle, Sany Heavy Industry, XCMG, and others [2][3] - The core portfolio consists of companies such as Sany Heavy Industry, XCMG, and China Shipbuilding, among others, indicating a diversified investment approach [3] Industry Performance and Trends - As of November 21, 2025, the best-performing indices in the manufacturing sector included shipbuilding and engineering machinery, with declines of -0.4% and -2.7% respectively [17][19] - The mechanical sector is expected to see a cyclical reversal with improvements in engineering machinery, industrial gases, shipbuilding, photovoltaic equipment, and lithium battery equipment [6] Growth Opportunities - Growth areas identified include embodied intelligence, controllable nuclear fusion, semiconductor equipment, AIDC, and PCB equipment, with a focus on domestic and international market expansion [6][7] - The report highlights the importance of domestic substitution in semiconductor equipment and the ongoing demand for AI-driven solutions in AIDC [7] Company-Specific Insights - For Zhejiang Rongtai, Q3 2025 saw a significant increase in revenue and net profit, with a gross margin reaching a new high of 38%, indicating strong performance despite industry headwinds [8][9] - The company is also investing in humanoid robot components, which are expected to drive future growth, particularly with the upcoming mass production of Tesla's humanoid robots [8][9] Earnings Forecasts - Earnings forecasts for key companies show substantial growth, with projected net profits for 2025-2027 for companies like Yokogawa Precision and Zhejiang Rongtai indicating strong CAGR rates [15][8] - For instance, Zhejiang Rongtai's net profit is expected to grow from 2.77 billion to 8.39 billion by 2027, reflecting a CAGR of 53.9% [8][15]

Market Overview - On November 18, the Shanghai Composite Index fell by 0.81%, the CSI 300 decreased by 0.65%, the STAR 50 rose by 0.29%, the CSI 1000 dropped by 1%, and the ChiNext Index declined by 1.16% [5] - The best-performing sectors on November 18 were Media (+1.6%), Computer (+0.93%), Electronics (+0.12%), and Food & Beverage (+0.03%), while the worst-performing sectors were Coal (-3.17%), Electric Equipment (-2.97%), Steel (-2.85%), Nonferrous Metals (-2.8%), and Basic Chemicals (-2.67%) [5] - The total trading volume of the A-share market on November 18 was 1,946 billion yuan, with a net inflow of 7.466 billion HKD from southbound funds [5] Important Recommendations Company: Baiao Intelligent (300836) - The recommendation logic highlights the company's positioning in customized automation equipment, with opportunities in munitions and AI computing power expected to enhance profitability [6] - Revenue projections for 2025-2027 are 1,055 million, 1,368 million, and 1,774 million yuan, with growth rates of 126.4%, 29.7%, and 29.7% respectively. Net profit is forecasted at 122 million, 169 million, and 221 million yuan, with growth rates of 346.8%, 38.0%, and 30.6% respectively [6] Company: Lu Wei Optoelectronics (688401) - The recommendation is based on the company's rare capabilities in G11 and G8.6 high-generation platforms, benefiting from the IT-OLED market expansion and semiconductor recovery [7] - Revenue forecasts for 2025-2027 are 1,164.17 million, 1,568.91 million, and 2,120.63 million yuan, with growth rates of 32.96%, 34.77%, and 35.17% respectively. Net profit is expected to be 262.67 million, 366.91 million, and 514.29 million yuan, with growth rates of 37.62%, 39.68%, and 40.17% respectively [8] Key Insights Machinery Sector - The core viewpoint indicates a cyclical reversal, growth emergence, and acceleration of overseas expansion in the machinery sector [9] - The focus has shifted from emphasizing self-sufficiency to promoting overseas expansion, with growth expected in engineering machinery, industrial gases, and semiconductor equipment [9] Communication Sector - The communication sector is expected to see steady growth, with a focus on computing power, operator benefits, and satellite internet opportunities [10] - The domestic commercial rocket is anticipated to successfully conduct test flights, contributing to the sector's growth [10] Media and Internet Sector - The media and internet sector is projected to recover in 2026, driven by policy support, improved content supply, and accelerated AI commercialization [12] - The emphasis is on the structural improvement of content supply and the enhanced efficiency brought by AI applications in advertising and content creation [12] Computer Sector - The computer industry is witnessing a systematic breakthrough in domestic computing power, transitioning from technical advancements to commercialization of AI applications [14] - Investment opportunities are identified in domestic computing power and the commercial realization of AI, with catalysts including breakthroughs in domestic computing power [14]

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) has released the "Guidelines for the Construction of High-Standard Digital Parks," emphasizing the importance of digital transformation in manufacturing and the establishment of high-standard digital parks to enhance industrial quality and efficiency [1][4]. Group 1: Overall Requirements - The guidelines aim to integrate digital technology with park development, focusing on the digital transformation of industries and enhancing the quality of park services and management [5]. - By 2027, the goal is to establish around 200 high-standard digital parks, achieving full coverage of digital transformation for industrial enterprises and significantly improving management and service digitalization levels [5]. Group 2: Construction Standards - High-standard digital parks must achieve high levels of industrial digitalization, with 100% coverage of digital transformation for regulated industrial enterprises [7]. - The parks should provide high-quality digital public services and improve operational management efficiency through comprehensive digital systems [7][8]. Group 3: Construction Tasks - The guidelines outline tasks such as creating benchmarks for enterprise digital transformation, supporting supply chain digital upgrades, and enhancing services for small and medium-sized enterprises [9][10]. - There is a focus on expanding digital services in production, living, and government sectors to create a smart living environment and improve administrative efficiency [10]. Group 4: Digital Management - The guidelines emphasize the need for digital management of park assets, economic operations, and environmental sustainability, including real-time monitoring and data analysis for better decision-making [11]. - Safety and emergency management systems should be enhanced through digital technologies to improve response efficiency [11]. Group 5: Support Capabilities - The guidelines call for the improvement of digital infrastructure, including the upgrade of network capabilities and the establishment of data utilization platforms [12][13]. - There is a strong emphasis on enhancing cybersecurity measures to protect data and network integrity within the parks [13]. Group 6: Implementation Organization - The MIIT will guide the construction of high-standard digital parks and evaluate their compliance with the established standards [14]. - Policy support will be strengthened to facilitate the digital transformation of industries and attract social capital for park development [15]. - An evaluation system will be established to assess the effectiveness of the digital parks and promote successful models [16].