小熊电器（002959.SZ）11月18日在投资者互动平台表示，公司目前未有机器人相关业务。 （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：请问公司有涉猎机器人业务吗？如果没有，后续是否 有相关考量？ ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Views - The company reported a revenue of 5.654 billion yuan for the first three quarters of 2025, a year-on-year decrease of 10.78%, and a net profit attributable to shareholders of 432 million yuan, down 39.78% year-on-year. The transition pains continue, but there are signs of recovery in key indicators such as contract liabilities and inventory, which increased by 12% and 3% respectively quarter-on-quarter in Q3 [2][6] - New business segments, particularly in industrial AI, showed growth with revenues from TPT and robotics reaching 154 million yuan and 122 million yuan respectively, marking increases of 37.56 million yuan and 11.69 million yuan compared to H1 [2][6] - The company expects net profits attributable to shareholders to reach 910 million yuan, 1.16 billion yuan, and 1.46 billion yuan for 2025-2027, reflecting a year-on-year change of -18.4%, +27.4%, and +25.9% respectively, indicating a potential recovery [2][6] Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of 5.654 billion yuan, down 10.78% year-on-year, and a net profit of 432 million yuan, down 39.78% year-on-year. The Q3 performance showed a revenue of 1.824 billion yuan, a decrease of 12.52% year-on-year, and a net profit of 78 million yuan, down 61.25% year-on-year [6][2] - The gross margin for Q3 was approximately 31.42%, with a slight decline compared to previous periods, attributed to increased competition and pricing pressures in a challenging market environment [13] Business Development - The TPT platform has entered a phase of large-scale application, with over 110 successful projects implemented across various industries, including petrochemicals and thermal power. The TPT 2.0 platform was launched, enhancing capabilities and flexibility for users [13] - The company has begun to see results from its subscription model, with annual recurring revenue (ARR) reported at 76.91 million yuan, indicating progress in its strategic transformation [13] Investment Outlook - The company is expected to face ongoing transition challenges but is viewed positively for its long-term value in the industrial AI sector. The focus on new business models and technology advancements is anticipated to drive future growth [13][2]

Core Viewpoint - GQY Vision has divested its robotics business segment, indicating a strategic shift in its operational focus [1] Company Summary - GQY Vision has officially announced the separation of its robotics business, which may reflect a realignment of its resources and strategic priorities [1]

Group 1 - The company has divested its robotics business segment [2] - An investor inquired about the company's involvement in robotics through its subsidiary Ningbo Intercontinental Robot Co., Ltd [2] - The company confirmed that it no longer operates in the robotics sector [2]

Group 1 - The company's robotics business is currently progressing in an orderly manner, although the revenue contribution from this segment remains relatively low [2] - The company has been responding to inquiries about its robotics business by citing confidentiality agreements, raising questions about compliance with pre-disclosure regulations for listed companies [2] - Investors are advised to invest rationally and be aware of investment risks [2]

Group 1 - The core viewpoint of the article is that Keda Li's robotics business is progressing in an orderly manner, although its revenue contribution remains relatively low [1] Group 2 - The company has communicated its current status regarding the robotics business through an interactive platform [1] - The revenue from the robotics segment is currently a small proportion of the overall business [1]

Group 1 - The core viewpoint of the article is that the company's robotics business is progressing according to plan and is not expected to significantly impact its financial status or operating results this year [2] - The company has committed to fulfilling its information disclosure obligations in accordance with relevant laws and regulations if there are advancements in related businesses [2]

Core Viewpoint - The company is advancing its robotics business according to the established plan, and it does not expect this business to have a significant impact on its financial status and operational results for the current year [1] Summary by Relevant Sections - **Robotics Business Progress** - The robotics business is progressing in an orderly manner as per the planned schedule [1] - **Financial Impact** - The company anticipates that the robotics business will not significantly affect its financial condition and operational results this year [1] - **Future Disclosure Obligations** - Should there be advancements in related businesses, the company will comply with legal and regulatory requirements for information disclosure [1]

Group 1: ABB's Robotics Division Sale - ABB Ltd. has sold its robotics division to SoftBank Group for approximately $38 billion, marking a significant move in its multi-year simplification effort [1][2] - The sale reflects a trend where companies with valuable technology assets opt for outright sales instead of IPOs or spinoffs when market conditions are unfavorable [2][3] - This transaction provides ABB with immediate cash and balance-sheet flexibility, but eliminates the potential for shareholders to gain direct ownership in a high-growth unit [2] Group 2: Coty's Consideration of CoverGirl - Coty Inc. is exploring options to either sell or spin off its CoverGirl cosmetics brand as part of a strategy to simplify its beauty portfolio and reduce debt [4][5] - CoverGirl has faced challenges in maintaining relevance against digital-first and luxury competitors, and a sale could enhance Coty's balance sheet while a spinoff might unlock long-term brand value [5][6] - Coty has prior experience with divestitures, having previously reduced its stake in Wella, and investors are keen to see how much value can be extracted from CoverGirl [6] Group 3: Goldman Sachs and Versant Spinoff Loan - Goldman Sachs is seeking investors for a $2.1 billion loan related to Comcast's upcoming Versant spinoff, which will be part of a larger debt package including a bond offering [7] - The financing indicates that Versant is expected to pay a multi-billion dollar dividend to Comcast at the time of the spinoff, consistent with recent spinoff trends [7]

Core Viewpoint - Donggang Co., Ltd. reported that its current production and operational status is normal, with the third-quarter performance to be disclosed in the upcoming quarterly report [2] Group 1 - The company is actively expanding its robot business team and experiencing a positive trend in order acquisition [2]