（记者 王晓波） 万里扬（002434.SZ）9月17日在投资者互动平台表示， 基于公司在汽车传动系统领域多年打造积累的 技术开发、工艺工程、智能制造、质量和成本管控等方面的能力和优势，公司成立了浙江万里扬机器人 科技有限公司，专门负责公司机器人关节精密传动产品的研发和产业化发展，主要产品包括包含谐波减 速器、行星减速器、无刷电机及控制器等品类的单品和关节模组等。 目前，公司已经开始启动首批机 器人关节精密传动产品项目，包含了2个客户共6个产品的开发制造，将陆续交付客户进行试验验证。同 时，正全力推动公司机器人关节精密传动产品的平台化设计、开发以及试验、检测和生产能力打造，为 进一步开拓新客户和提高市场竞争力打好基础。 每经AI快讯，有投资者在投资者互动平台提问：最近浙江区域的汽车零部件公司在机器人领域纷纷取 得重大进展和重大动作，请问公司在机器人发展方面有何计划？有什么合作伙伴？发展前景如何？ ...

格隆汇9月17日丨万里扬(002434.SZ)在投资者互动平台表示，公司首批机器人关节精密传动产品的开发 制造进展顺利，将陆续交付客户进行试验验证。同时，正全力推动公司机器人关节精密传动产品的平台 化设计、开发以及试验、检测和生产能力打造，为进一步开拓新客户和提高市场竞争力打好基础。 机 器人零部件业务为公司未来发展的战略业务，公司将对内有效整合各项业务资源和优势，并根据业务发 展需求，对外积极整合行业资源，推动公司机器人零部件业务不断发展壮大。 ...

万里扬（002434.SZ）9月17日在投资者互动平台表示，公司已经开始启动首批机器人关节精密传动产品 项目，包含了2个客户共6个产品的开发制造，将陆续交付客户进行试验验证。同时，正全力推动公司机 器人关节精密传动产品的平台化设计、开发以及试验、检测和生产能力打造，为进一步开拓新客户和提 高市场竞争力打好基础。 （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：请问公司人形机器人相关零部件是否已向国内客户供 货？主要客户有哪些？ ...

（记者 王瀚黎） 万里扬（002434.SZ）9月17日在投资者互动平台表示， 公司首批机器人关节精密传动产品的开发制造 进展顺利，将陆续交付客户进行试验验证。同时，正全力推动公司机器人关节精密传动产品的平台化设 计、开发以及试验、检测和生产能力打造，为进一步开拓新客户和提高市场竞争力打好基础。 机器人 零部件业务为公司未来发展的战略业务，公司将对内有效整合各项业务资源和优势，并根据业务发展需 求，对外积极整合行业资源，推动公司机器人零部件业务不断发展壮大。 每经AI快讯，有投资者在投资者互动平台提问：公司已开始启动首批机器人关节精密传动产品项目， 包含了2个客户共6个产品的开发制造。请问目前进展如何？已经和哪些人形机器人公司有对接合作？公 司是否考虑并购合作，迅速扩大人形机器人业务？ ...

Core Viewpoint - The company, Wanliyang, has shown steady performance improvement in the first half of the year, driven by cost reduction, efficiency enhancement, and increased investment income [1] Financial Performance - In the first half of the year, Wanliyang achieved operating revenue of 2.812 billion yuan, a year-on-year increase of 2.69% [1] - The net profit attributable to shareholders was 277 million yuan, reflecting a significant year-on-year growth of 50.24% [1] - In Q2, the company reported revenue of 1.488 billion yuan, a decline of 2.16% year-on-year, while the net profit attributable to shareholders reached 169 million yuan, up 80.29% year-on-year [1] Business Operations - Wanliyang's main business segments include automotive parts and new energy storage [2] - The automotive parts segment generated revenue of 2.52 billion yuan, a year-on-year increase of 5.34%, while the energy storage and electricity trading business achieved revenue of 127 million yuan, up 96.27% year-on-year [2] - The company has established a comprehensive production capacity of 1.1 million commercial vehicle gearboxes, 1.3 million passenger vehicle gearboxes, and 350,000 pure electric vehicle reducers annually [2] Investment Activities - Wanliyang reduced its holdings in Zhejiang University Network New (Zhejiang University Network New) by 53 million shares, resulting in an investment income of 119 million yuan, which contributed to the net profit [1] - As of the reporting period, the company retained 2 million shares of Zhejiang University Network New [1] New Projects and Developments - The company has initiated the construction of two independent energy storage projects in Yiwu and Foshan, expected to be operational in the second half of the year, which will further expand its business scale [2] - Wanliyang Energy completed transactions of 84 million kilowatt-hours of cross-regional electricity and traded 2.866 million green certificates, marking a 93% year-on-year increase [3] - The establishment of Zhejiang Wanliyang Robotics Technology Co., Ltd. aims to develop precision transmission products for robotics, with initial product platform planning already completed [3]

Core Viewpoint - Wanliyang (002434) reported a revenue of 2.69% growth year-on-year for the first half of 2025, with a significant increase in net profit by 50.24% and a remarkable cash flow growth of 220.35% [1] Group 1: Financial Performance - The company achieved an operating income of 2.812 billion yuan, a year-on-year increase of 2.69% [1] - The net profit attributable to shareholders reached 277 million yuan, reflecting a year-on-year growth of 50.24% [1] - The net cash flow from operating activities was 290 million yuan, showing a substantial increase of 220.35% year-on-year [1] - Basic earnings per share stood at 0.21 yuan [1] Group 2: Business Segments - The automotive transmission and components business generated 2.52 billion yuan in revenue, up 5.34% year-on-year [1] - The energy storage and electricity trading business reported revenue of 127 million yuan, marking a significant growth of 96.27% [1] - Wanliyang is the first domestic company to cover both commercial and passenger vehicle markets, with production capabilities for manual and automatic transmissions [1] Group 3: New Energy Initiatives - The company is focusing on the development of EV reducers and various electric drive systems to adapt to the rapid growth of the new energy vehicle market [2] - Revenue from pure electric vehicle EV reducers increased by 117% year-on-year, driven by advanced gear processing technology and integrated design [2] - Wanliyang is expanding its market presence in non-road transmission and drive systems to enhance its sustainable development capabilities [2] Group 4: Robotics Development - Wanliyang established Zhejiang Wanliyang Robotics Technology Co., Ltd. to focus on the R&D and industrialization of precision transmission products for robotics [3] - The company has initiated the development of six products for two customers, utilizing automotive industry standards for design [3] - The industrialization of production capabilities is underway, incorporating automotive-grade standards in various aspects such as production environment and quality control [3]

Core Viewpoint - The company has initiated the development of its first batch of robotic joint precision transmission products, involving six products for two clients [2] Group 1: Company Developments - The company has established Zhejiang Wanliyang Robot Technology Co., Ltd. to focus on the R&D and industrialization of robotic joint precision transmission products [2] - The product platform planning has been preliminarily completed, including categories such as harmonic reducers, planetary reducers, brushless motors, and controllers [2] - Standardization and platform design have been achieved for various product categories, including platform models, diameters, gear ratios, and controller types [2] Group 2: Business Segments - The company's business includes automotive parts and new energy storage [2] - The automotive parts segment focuses on the R&D, production, and sales of automotive transmission and drive system products, covering passenger vehicles, commercial vehicles, and new energy vehicles [2] - The company is also developing non-road transmission/drive system products, including electric drive systems for construction machinery and various tractor systems [2] - The company is expanding its export business for components such as gears, shafts, housings, aluminum die-cast parts, cast iron parts, and forgings [2] - The new energy storage business encompasses power generation side storage power stations, grid-side independent storage power stations, user-side storage power stations, and electricity trading [2]