具体而言,橡胶传动系统为机器人关节提供柔性动力传输，在机器人产品中实现高缓冲、低噪音的精准 运动控制,大幅提升复杂地形适应能力;密封系统则通过在减速器等核心部件的精密防护。 近年来，随着人工智能、传感器技术、材料科学和电机控制的飞速发展，人形机器人正从实验室走向实 际应用，成为全球科技领域最受关注的前沿方向之一。2025年中国人形机器人行业正经历从技术验证到 商业化落地的关键转折，工业制造领域已率先部署人形机器人承担高危或重复性工作，服务场景渗透加 速，政策与资本的双重加持推动产业快速成熟。中商产业研究院发布的《2025-2030年中国人形机器人 行业分析及发展前景研究预测报告》显示，2024年全球人形机器人产业规模达到约34亿美元，较上年增 长57.41%。中商产业研究院分析师预测，2025年全球人形机器人产业规模将达到53亿美元，2028年达 到206亿美元。 丰茂股份表示，公司高度重视机器人领域的发展，已成立机器人事业部。目前公司传动系统产品已应用 于工业机器人领域并实现批量供货，密封系统产品已供货中大力德（002896）、丰立智能（301368）、 绿的谐波等国内头部减速器制造企业，形成订单收入。公司 ...

Company Overview - The company, Fengmao Co., specializes in the research and industrialization of precision rubber components [6] Business Environment - The global rubber precision components market is experiencing steady growth, with the transmission system business facing a dual structure of "international foreign monopoly and domestic fragmentation" [2] - International giants like Gates and ContiTech dominate the market, while domestic companies are numerous but small, indicating a need for consolidation among larger domestic players [2] - Domestic firms leverage cost advantages and market proximity to capture a share in the mid-to-low-end market while gradually penetrating the high-end market [2] Production Capacity - All production projects funded by the company are progressing normally, with some production lines already operational [3] - The ongoing construction of the transmission belt smart factory and tension wheel expansion projects is expected to optimize capacity and positively impact future business scale and performance [3] International Business Expansion - The company is expanding its international market presence by leveraging the Michelin brand, establishing partnerships with more international clients, and exporting products to regions such as Europe, Southeast Asia, and South America [4] - The brand's influence and product performance are accelerating the company's overseas market layout [4] Robotics Business Development - The company is exploring the integration of its core product lines with robotics motion control algorithms and hardware platforms [5] - Key components such as rubber transmission systems and sealing systems are crucial for enhancing the dynamic performance and environmental durability of robots [5] - A dedicated robotics division has been established, and sales of transmission and sealing system components for robots have commenced, with plans to develop more high-value applications in the robotics sector [5] Financial Performance - In Q1 2025, the company reported a main revenue of 196 million yuan, a year-on-year increase of 0.09%, while net profit attributable to shareholders decreased by 21.04% to 28.72 million yuan [7] - The company's debt ratio stands at 29.84%, with an investment income of 2.83 million yuan and a financial expense of -746,700 yuan, resulting in a gross profit margin of 29.76% [7] Profit Forecast - Various institutions have provided profit forecasts for the company, with projected net profits for 2025 ranging from 191 million yuan to 211 million yuan [8] - The forecasts indicate a growth trajectory, with expectations for net profits to reach between 253 million yuan and 294 million yuan by 2027 [8] Market Activity - In the past three months, the stock has seen a net inflow of 79.88 million yuan in financing, indicating increased investor interest [8]