5月8日，年产值超百亿元的立讯机器人总部基地项目签约落户常熟经开区，达产后预计实现年产值100亿元，助力常熟从"制造大市"向"智造强市"迈进。 立讯机器人总部基地选址常熟智算未来城核心区，占地面积66亩，总投资50亿元。项目主要从事工业自动化设备、各类机器人及智能化产线的研发、制 造、销售等，将引进3000人左右规模的研发与制造团队，打造成集产线研发、设备集采、装备集成、销售、安装维护为一体的总部型产业基地。 2019年，立讯智造科技(常熟)有限公司(以下简称:常熟立讯)落户常熟经开区，主要布局消费电子精密零组件、新能源汽车核心零部件及智能移动终端三大 业务领域。2021年5月正式投产后，常熟立讯开展手机、手表、耳机等产品的高精密零部件以及新能源汽车核心组件的研发、生产与组装，其产品广泛应 用于计算机终端、汽车、消费电子产品等诸多领域，品类更是达上百种之多，2024年产值达119亿元，为常熟占据长三角智能制造领域一席之地作出了重 要贡献。 常熟市委书记虞伟说，近年来，常熟积极卡位新赛道、开拓新领域、培育新动能，立讯精密加大投资布局，为常熟产业转型焕新注入了强劲动能。当前， 常熟正全力打造智算未来城这一创新核， ...

Investment Rating - The report maintains an "Accumulate" rating for the company [2] Core Views - The company has shown significant improvement in profitability, with a revenue of 16.93 billion and a net profit of 0.772 billion in 2024, marking a year-on-year increase of 23.4% and 800.2% respectively [6] - The focus on consumer electronics and new energy components has driven recovery in profitability, with the company actively pursuing new projects in AI robotics and smart equipment [6][12] - The forecast for 2025-2027 indicates continued revenue growth, with projected revenues of 19.81 billion, 22.79 billion, and 26.20 billion respectively, alongside net profits of 0.878 billion, 1.207 billion, and 1.429 billion [12][13] Summary by Sections Financial Performance - In 2024, the company achieved a total revenue of 16.93 billion, a year-on-year increase of 23.4%, and a net profit of 0.772 billion, reflecting a significant recovery in profitability [6] - The gross margin for 2024 was 18.5%, a decrease of 1.3 percentage points year-on-year, while the net margin improved to 5.0%, an increase of 3.9 percentage points [6] - The first quarter of 2025 saw a revenue of 4.40 billion, a year-on-year increase of 11.6%, with a net profit of 0.170 billion, down 43.4% year-on-year due to previous gains from equity disposals [6] Business Segments - The consumer electronics segment generated 11.69 billion in revenue, up 15.4% year-on-year, while the new energy segment saw revenue of 5.21 billion, a 47.3% increase [6] - The robotics and smart equipment segment reported a decline in revenue to 0.03 billion, primarily due to equity dilution from a subsidiary [6] Future Outlook - The company is expected to continue benefiting from the recovery in consumer electronics and new energy sectors, with management optimization likely to enhance profitability [6] - The collaboration with key clients in the robotics sector is anticipated to provide significant growth opportunities, positioning the company as a potential assembler of robotic components [6][12]