公司8月26日披露的2025年半年报显示，上半年实现营业收入35.72亿元，同比增长13.25%；归母净利润 1.12亿元，同比下降36.37%。分业务板块看，计算机、通信和其他电子设备制造业务实现营收2.02亿 元，同比增长490.75%。公司还积极布局人形机器人和液冷产业，已完成两代灵巧手开发并实现产线应 用。8月27日公司接待了多家机构调研，就业务发展情况进行交流。 8月27日主力资金净流出10924.97万元，占流通市值比为1.26%。近五日主力资金净流出62201.66万元， 占流通市值比为7.16%。 祥鑫科技8月27日股价报43.58元，较前一交易日下跌1.87元，跌幅4.11%。盘中最高触及45.46元，最低 下探43.40元，成交量为227016手，成交金额达10.09亿元。 祥鑫科技主营业务为汽车五金模具、汽车零部件、新能源金属制品等产品的研发和产销。公司所属行业 为通用设备制造业，业务涉及汽车制造、计算机通信设备制造、金属制品等多个领域。 风险提示：投资有风险，入市需谨慎。（本内容由AI生成，仅供参考，不构成投资建议。） ...

Investment Rating - The report initiates coverage with an "Outperform" rating for the company [3][5]. Core Views - The company is a leader in the precision stamping mold and metal structural components sector, with a revenue structure heavily focused on new energy vehicles, which account for 57% of its income. The company is also expanding into emerging fields such as humanoid robots and low-altitude economy [1][7]. - The company is actively pursuing global expansion, with overseas revenue projected to reach 630 million yuan in 2024, reflecting a 13% year-on-year increase. The establishment of factories in Mexico and Thailand is expected to enhance its global footprint [2][42]. - The humanoid robot manufacturing sector is identified as a key growth area, with the company leveraging its engineering capabilities and strategic partnerships to build a comprehensive supply chain [2][46]. Summary by Sections Company Overview - Founded in 2004, the company has evolved from manufacturing components for printers to becoming a leading player in the automotive stamping mold and metal structural components industry. It has been listed since 2019 and has made significant investments in new energy vehicles and storage components [1][7]. Financial Performance - The company is projected to achieve a revenue of 6.7 billion yuan in 2024, representing an 18.3% increase year-on-year, while the net profit is expected to decline by 11.6% to 360 million yuan due to rising raw material costs and increased competition [1][25]. - The company has maintained a stable growth trajectory, with revenues increasing from 730 million yuan in 2014 to 6.7 billion yuan in 2024, reflecting a compound annual growth rate of 26.4% [25]. Product and Market Strategy - The company emphasizes research and development, allocating 4% of its revenue to R&D in 2024, and has developed over 600 patents. It aims to enhance its product offerings in the fields of new energy vehicles, storage, and humanoid robots [34][36]. - The revenue from new energy vehicles is expected to grow steadily, with projections of 4.4 billion yuan in 2025, 5 billion yuan in 2026, and 5.7 billion yuan in 2027, driven by increasing demand and technological advancements [61]. Global Expansion - The company is expanding its production capacity in Mexico and Thailand, with the Mexican factory expected to contribute significantly to profitability in the coming years. Plans for additional factories in Europe or North Africa are also underway [2][49]. - The overseas business is becoming increasingly profitable, with a gross margin of 30.3% in 2024, up 6.5 percentage points year-on-year [2][42]. Humanoid Robot Development - The company is focusing on humanoid robots as a strategic growth area, collaborating with research institutions to develop key components and solutions for this emerging market [2][46][51].

Group 1 - The company plans to postpone the election of the fifth board of directors and supervisory board to ensure continuity and stability in operations [1][2] - The current term of the fourth board and supervisory board will expire on May 23, 2025, and preparations for the election are ongoing [1][2] - The postponement will not affect the normal operations of the company, and the current members will continue to fulfill their duties [2] Group 2 - The company completed the registration change regarding its registered capital on February 17, 2025, and has obtained a new business license [4][5] - The registered capital changed from RMB 204,220,638 to RMB 204,138,738 [4] - The change was approved in the first extraordinary general meeting of shareholders held on March 6, 2025 [4] Group 3 - The annual general meeting of shareholders was held on May 15, 2025, with a total of 272 shareholders present, representing 39.4330% of the voting rights [13] - All resolutions proposed during the meeting were approved without any dissent [7][8] - The meeting included the approval of the 2024 annual report and the appointment of the auditing firm for 2025 [21][24]