冠盛股份是A股中固态电池量产较快的头部公司，今年4月27日公司量产线厂房结构封顶，预计年底前投产，目前设备已陆 续进场调试，预计明年年中一期量产线达产。这一时间表与全球机器人产业的发展进程高度契合，有望为公司切入机器人及低 空飞行器产业链奠定先机。 冠盛股份固态电池采用聚合物路线，在实现极高的安全性、耐用性和能量密度的同时，还兼顾成本优势，具有较高性价 比。公司产品已通过针刺、锤击、热箱、过充过放等实验充分验证电池安全性，商业化进程正积极推进中，下游应用领域包括 人形机器人、无人机、工商业储能、户储、电动船舶、电动机车等。 公司固态电池业务已取得了良好的市场反馈，其既解决了安全性问题，又解决了人工换电池成本问题，安装后十年也不用 更换。得益于对行业痛点的完美解决，目前处于供不应求状态。随着量产线的建成投产，冠盛股份有望在2026年迅速释放业绩 增量，成为A股固态电池板块较快兑现业绩的企业。 （编辑 郭之宸） 本报讯 （记者矫月）近日，全球汽车后市场龙头温州市冠盛汽车零部件集团股份有限公司（以下简称"冠盛股份"）在机器 人领域动作频频，通过技术合作与前沿研发双向发力，公司深入布局人形机器人赛道，不仅携手国产谐波 ...

1·[Table_Main] 行业研究|工业 证券研究报告 工业行业周报、月报 2025 年 06 月 25 日 [Table_Title] 帕西尼感知完成融资，五洲新春发布定 增预案加码 ——人形机器人产业周报 [Table_Summary] 报告要点： 周度行情回顾 2025 年 6 月 15 日至 6 月 20 日，人形机器人概念指数下跌 2.35%， 相较沪深 300 指数跑输 1.90pct；年初至今累计涨跌幅来看，人形机 器人概念指数上涨 28.44%，相较沪深 300 指数跑赢 27.75pct。 A 股人形机器人指数（iFinD 概念）相关个股中，中京电子周涨幅 最大（+32.60%），斯菱股份周跌幅最大（-21.06%）。 周观点 6 月 16 日，五洲新春披露 2025 年度向特定对象发行 A 股股票预案， 拟募集资金总额不超过 10 亿元，用于具身智能机器人和汽车智驾核 心零部件研发与产业化项目以及补充流动资金。此次募投项目建设地 点位于浙江省新昌县，总投资 10.55 亿元，拟使用募集资金 7 亿元， 项目建设期 3 年。项目达产后，可实现年产 98 万套行星滚柱丝杠、 210 万套微 ...

Fundraising Plan - The company plans to raise a total of up to 1 billion yuan through a private placement of A-shares, with the funds primarily allocated to the development and industrialization of core components for humanoid robots and intelligent driving systems [1][8] - The total investment for the project is estimated at 1.3547462 billion yuan, with 1 billion yuan expected to be funded through this fundraising effort [1] Project Necessity and Feasibility - The humanoid robot and intelligent driving core components project is crucial for meeting the growing market demand and capitalizing on the domestic substitution opportunity, as the market for humanoid robots and intelligent vehicles is rapidly expanding [2][3] - The project aims to produce high-end screws and bearings essential for humanoid robots and intelligent vehicles, which are expected to see significant demand growth due to technological advancements [3][4] Market Trends - The global humanoid robot market is projected to reach 1.017 billion USD in 2024 and 15 billion USD by 2030, while the penetration rate of intelligent vehicles in passenger car sales is expected to rise from 18.5% to 57.1% [2] - By 2030, intelligent vehicle sales in China are anticipated to approach 30 million units, with a compound annual growth rate of 10.9% from 2023 to 2030 [2] Policy Support - National and local policies are strongly supporting the development of humanoid robots and intelligent vehicles, providing a favorable environment for the project's implementation [4][5] - Recent government initiatives emphasize the importance of intelligent networked vehicles and the development of related components, aligning with the company's project goals [4] Technical and Operational Strengths - The company possesses strong technical capabilities, being a national high-tech enterprise with established research centers and a dedicated R&D team focused on precision components [5][6] - The production processes for screws and bearings are similar, facilitating the company's expansion into the screw market while leveraging existing manufacturing expertise [5] Customer Base and Market Expansion - The company has a solid customer base, including leading global manufacturers in the industrial and automotive sectors, which will aid in the market penetration of the new products [6][7] - The project is expected to generate significant economic benefits, with ongoing efforts to secure partnerships with key clients in the humanoid robot and automotive industries [6] Financial Impact - The fundraising will enhance the company's financial structure, providing necessary working capital to support business growth and improve overall competitiveness [7][8] - The successful completion of the fundraising will lead to an increase in total assets and net assets, optimizing the company's capital structure and reducing future financing costs [7][8]

Core Viewpoint - Wuzhou Xinchun (603667.SH) announced a refinancing plan aimed at mass production of key robot components, raising up to 1 billion yuan, with 700 million yuan allocated for the development and industrialization of core components for humanoid robots and automotive intelligent driving [1][2]. Group 1: Investment and Production Capacity - The total investment plan for Wuzhou Xinchun is 1.055 billion yuan, with production capacity designed to include 980,000 sets of planetary roller screws, 2.1 million sets of micro ball screws, 70,000 sets of general-purpose robot bearings, and additional automotive steering and brake system components [2][3]. - The investment is expected to supply linear actuators and dexterous hand components for approximately 70,000 humanoid robots, with specific component requirements outlined for the robots [3][4]. Group 2: Market Context and Competition - The humanoid robot market is projected to grow significantly, with Tesla planning to produce between 1,000 to 10,000 units of its Optimus robot by 2026, and another company, Figure, aiming to deliver 100,000 humanoid robots over the next four years [5][6]. - Other companies, including Yushutech and various listed firms, are also ramping up production capacity in anticipation of a surge in demand for humanoid robots [6][7]. Group 3: Industry Growth Projections - The global humanoid robot market is expected to reach 1.017 billion USD in 2024 and grow to 15 billion USD by 2030, with a compound annual growth rate exceeding 56% from 2024 to 2030 [7]. - Sales forecasts indicate that the global humanoid robot market could see sales of 12,400 units by 2025 and approach 340,000 units by 2030, with long-term projections suggesting over 5 million units sold by 2035 [7].

Core Viewpoint - Wuzhou Xinchun (603667.SH) plans to raise up to 1 billion yuan through a private placement to invest in embodied intelligent robots and core components for automotive intelligence driving [1][2] Group 1: Fundraising and Investment Plans - The company announced a private placement on June 16, aiming to raise no more than 1 billion yuan for projects related to embodied intelligent robots and automotive core component R&D [2] - The total investment for the project is estimated at 1.055 billion yuan, with a construction period of three years, and it aims to produce various components including 980,000 planetary roller screws and 400,000 brake parking system screws annually [2][4] Group 2: Strategic Partnerships and Market Position - Prior to the announcement, the chairman visited a humanoid robot company in Sichuan, exploring potential business and even equity cooperation, although no binding agreements were reached [2][3] - Wuzhou Xinchun focuses on components like screws and bearings for humanoid robots, while the Sichuan company specializes in harmonic reducers and humanoid robot mainframes, indicating a complementary relationship [3][4] Group 3: Market Dynamics and Competitive Landscape - The high-end screw and bearing market in China is dominated by foreign companies, which hold over 90% of the market share, indicating a significant demand gap as domestic companies seek faster and more diverse product offerings [4] - Wuzhou Xinchun has emerged as a leading stock in the robotics sector, with its share price increasing over 120% from January 7 to February 26 this year [4] Group 4: Disclosure Issues and Investor Concerns - The company faced criticism in February for issues related to the disclosure of humanoid robot products, with investors expressing concerns over the sales progress of key components [5] - Despite claims of having production capabilities for screw products, the actual revenue from these products was only about 6.8 million yuan in 2024, representing a negligible impact on overall revenue [5]

Group 1 - The investment community is actively seeking the next significant opportunity in humanoid robotics, with a focus on companies that can demonstrate clear growth paths and technological breakthroughs [1][4] - In 2024, the humanoid robotics sector in China is projected to see 71 financing deals totaling 8.45 billion yuan, marking a 274% increase in deal volume and a 226% increase in financing amount compared to 2023 [5] - Companies like UBTECH and Fourier Intelligence are leading in financing rounds, with UBTECH raising 1.015 billion HKD and Fourier raising 800 million RMB [5] Group 2 - There is a growing debate among investors about whether to invest in core robotics companies or in the foundational components and infrastructure that support them [6] - Investment strategies are shifting towards identifying "certainty opportunities" within the industry, focusing on companies that can leverage existing supply chains and manufacturing capabilities to create new growth avenues [6] - Recent investments in core components for humanoid robots include a 1.85 billion yuan project by Beite Technology and a 1.5 billion yuan project by Wuzhou Xinchun, indicating a trend towards investing in foundational technologies [7] Group 3 - The competition in the humanoid robotics sector is intense, with high costs associated with technological innovation and uncertainties regarding market adoption [6][7] - Investors are increasingly cautious about investing in humanoid robotics companies, preferring to focus on the upstream components and infrastructure that are essential for the industry's growth [7]

证券代码：920002 证券简称：万达轴承 公告编号：2025-034 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 □业绩说明会 □媒体采访 □现场参观 江苏万达特种轴承股份有限公司 □新闻发布会 □分析师会议 □路演活动 √其他 (券商策略会) 二、 投资者关系活动情况 活动时间：2025 年 5 月 8 日 活动地点：北京嘉里大酒店 参会单位及人员：开源证券、东北证券、长江证券、中德高路、山西证券、 青创伯乐、兴业证券、山西证券、百嘉基金、明德天盛投资管理中心（排名不分 先后） 上市公司接待人员：公司董事会秘书、财务总监：吴来林先生；公司证券事 务代表严佳雯女士 三、 投资者关系活动主要内容 问题 1：目前，门架轴承和回转支承在叉车上的价值量情况如何？电动叉车 上的轴承价值量和传统内燃机叉车的轴承价值量是否一样？ 回答:若假设每辆叉车平均使用 12 套门架轴承（与中国轴承工业协会出具的 发行人市场份额测算方法一致），使用 1 套转向 ...