证券日报网讯1月8日，创元科技（000551）在互动平台回答投资者提问时表示，公司控股子公司苏州轴 承生产的各类轴承系列产品广泛应用于汽车转向系统、主动安全系统、传动系统、扭矩管理系统、新能 源电驱系统、智能座椅系统、变速箱、发动机和空调压缩机等重要总成，同时还应用于工业自动化、高 端装备、工程机械、减速机、液压传动系统、电动工具、纺机、农林机械、航空航天、国防工业等领 域。苏州轴承作为滚针轴承"专精特新"企业，机器人、低空经济领域是公司未来大力拓展的领域，目前 滚针轴承在机器人领域有应用，但营收占比不大。 ...

格隆汇12月31日丨创元科技(000551.SZ)在互动平台表示，公司控股子公司苏州轴承生产的滚针轴承产 品已应用于汽车领域，其中包括部分无人驾驶相关系统。目前，该类产品在公司整体营业收入中的占比 较小，尚未形成大规模收入贡献。苏州轴承将持续关注无人驾驶等新兴技术的发展趋势，并积极拓展高 端应用场景。 ...

（记者 王晓波） 每经AI快讯，有投资者在投资者互动平台提问：公司及子公司有没有产品能应用到无人驾驶？ 创元科技（000551.SZ）12月31日在投资者互动平台表示，公司控股子公司苏州轴承生产的滚针轴承产 品已应用于汽车领域，其中包括部分无人驾驶相关系统。目前，该类产品在公司整体营业收入中的占比 较小，尚未形成大规模收入贡献。苏州轴承将持续关注无人驾驶等新兴技术的发展趋势，并积极拓展高 端应用场景。 ...

Group 1 - The core viewpoint of the news highlights the financial performance and trading activities of Jiangsu Southern Precision Engineering Co., Ltd. (南方精工) as of December 29, with a focus on its stock performance and financing activities [1] - On December 29, the company's stock rose by 0.64%, with a trading volume of 309 million yuan. The financing buy amount was 18.75 million yuan, while the financing repayment was 20.99 million yuan, resulting in a net financing buy of -2.24 million yuan [1] - As of December 29, the total margin trading balance for the company was 250 million yuan, with the current financing balance at 249 million yuan, accounting for 2.66% of the circulating market value [1] Group 2 - As of September 30, the number of shareholders for Southern Precision Engineering was 93,500, a decrease of 0.23% from the previous period, while the average circulating shares per person increased by 0.23% to 2,681 shares [2] - For the period from January to September 2025, the company achieved an operating income of 622 million yuan, representing a year-on-year growth of 11.27%. The net profit attributable to the parent company was 367 million yuan, showing a significant increase of 689.81% [2] - Since its A-share listing, the company has distributed a total of 613 million yuan in dividends, with 139 million yuan distributed over the past three years [2]

Core Viewpoint - The high-end needle bearing market, traditionally dominated by international giants, is experiencing a shift with the emergence of Suzhou Bearing Co., Ltd. as a significant player, leveraging its technological advancements and integration into global supply chains for major automotive suppliers [1][2]. Group 1: Company Overview - Suzhou Bearing Co., Ltd. has over 60 years of history, starting with the production of China's first needle bearing and now supplying to top global automotive component suppliers like BorgWarner, Bosch, ZF Friedrichshafen, and Magna [1][2]. - The company focuses on a "specialized, refined, distinctive, and innovative" development path, emphasizing self-reliance in core technology [2]. Group 2: Technological Advancements - The company has developed a range of products centered around needle bearings, including cylindrical roller bearings and custom bearings, showcasing its commitment to high precision and quality [2]. - Suzhou Bearing's R&D center is equipped with advanced testing facilities, where products like high-speed cylindrical roller bearings for electric drive systems have achieved domestic leading and international advanced standards [2][3]. Group 3: Production Capabilities - The company has established a comprehensive production line that integrates advanced automation and minimal human intervention, allowing for rapid production cycles and high precision [3][4]. - The new production facility for needle bearings is expected to significantly increase annual production capacity, supporting the demand for high-end applications [6]. Group 4: Market Position and Strategy - Suzhou Bearing has become a global strategic supplier for several multinational companies, maintaining a strong foothold in core automotive sectors such as steering, transmission, and braking [5]. - The company has adapted its market strategies to address challenges in international trade, focusing on domestic sales growth and leveraging its German subsidiary to meet European market demands [6][7]. Group 5: Future Development Plans - The company plans to focus on aerospace, new energy vehicles, and robotics as core R&D directions over the next 3 to 5 years, aiming to capture emerging market opportunities [8]. - Suzhou Bearing is also exploring international expansion, particularly in Southeast Asia and Europe, to enhance its global competitiveness and brand recognition [8]. Group 6: Financial Performance - In the first half of 2025, Suzhou Bearing reported a net profit of 82.56 million yuan, a year-on-year increase of 11.56%, with high-end product revenue being a key driver of growth [4].

Group 1: Company Valuation and Investor Communication - The company focuses on enhancing its core business and increasing value through technology R&D, product innovation, and optimizing its product matrix to strengthen market competitiveness and brand influence [2][3] - Continuous communication with investors is emphasized through regular reports, performance briefings, and various channels to ensure timely and accurate dissemination of operational status and strategic direction [8][9] - Future plans include improving operational quality, efficiency, and profitability while enhancing information disclosure and investor communication to boost investment value and shareholder returns [3][9] Group 2: Business Development and Strategic Focus - The company aims to seek investment targets that align with its strategic direction, particularly in high-tech sectors, while adhering to legal disclosure obligations [3][4] - The core business remains manufacturing, focusing on clean environmental engineering, high-voltage porcelain insulators, precision bearings, and various integrated surveying instruments [4][5] - Future development will concentrate on three main business segments: clean environmental equipment, high-voltage insulators, and precision bearings, with a commitment to enhancing core competencies and expanding into emerging markets [4][6] Group 3: Market Position and Client Base - The subsidiary Suzhou Bearings serves major clients in the automotive sector, including Bosch and Magna, and in engineering machinery, electric tools, and aerospace [4][5] - Suzhou Electric Porcelain has achieved revenue growth in 2025, driven by effective market strategies and timely project deliveries [4][5] - The company is actively expanding into Southeast Asian markets to mitigate risks from trade barriers and enhance domestic sales [6][7] Group 4: Technological Innovation and Future Planning - The company is committed to increasing R&D investment to maintain industry leadership and respond to new productivity policies [6][7] - Suzhou Bearings is focusing on key sectors such as new energy vehicles and aerospace, aiming to leverage technological breakthroughs for competitive advantage [6][7] - Jiangsu Sujing, a subsidiary, is positioned as a leading provider in air purification and energy-saving solutions, with a strong client base in emerging industries [5][6]

Core Viewpoint - On November 14, Southern Precision Engineering experienced a decline of 1.94% with a trading volume of 213 million yuan, indicating a negative trend in market performance [1]. Financing Summary - On November 14, Southern Precision Engineering had a financing buy-in amount of 11.77 million yuan and a financing repayment of 17.06 million yuan, resulting in a net financing buy-in of -5.29 million yuan [1]. - As of November 14, the total financing and securities lending balance for Southern Precision Engineering was 274 million yuan, which accounts for 2.89% of its circulating market value [1]. - The company had no securities lending transactions on November 14, with a remaining amount of 0 shares and a balance of 0 yuan [1]. Business Overview - Southern Precision Engineering, established on May 8, 1998, and listed on February 25, 2011, is located in Changzhou, Jiangsu Province, and primarily engages in the research, manufacturing, and sales of needle roller bearings, overrunning clutches, and one-way pulley assemblies [1]. - The main business revenue composition includes: precision bearings (58.34%), overrunning clutches (20.96%), one-way pulley assemblies (14.78%), integrated circuit design and software/hardware (4.54%), and other precision components (1.28%) [1]. Financial Performance - As of September 30, 2025, Southern Precision Engineering reported a total revenue of 622 million yuan, reflecting a year-on-year growth of 11.27%, and a net profit attributable to shareholders of 367 million yuan, showing a significant increase of 689.81% [2]. - The company has distributed a total of 613 million yuan in dividends since its A-share listing, with 139 million yuan distributed over the past three years [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Southern Precision Engineering was 93,500, a decrease of 0.23% from the previous period, while the average circulating shares per person increased by 0.23% to 2,681 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked as the third-largest shareholder, holding 4.9988 million shares, an increase of 3.6105 million shares compared to the previous period [2].

Investment Rating - The report assigns an "Accumulate" rating for the company, indicating a positive outlook on its development in the robotics sector [1]. Core Views - The company achieved operating revenue of 538 million yuan in the first three quarters of 2025, a year-on-year decrease of 1.7%, while the net profit attributable to shareholders was 118 million yuan, a year-on-year increase of 0.7% [1][6]. - The company's products have gained recognition from both domestic and international clients, establishing itself as a leading manufacturer in the needle bearing industry, with partnerships with notable companies such as Bosch and ZF [6]. - The investment suggestion anticipates earnings per share of 1.01 yuan and 1.14 yuan for 2025 and 2026, respectively, with corresponding price-to-earnings ratios of 30 and 26 [6][7]. Financial Performance Summary - For the first three quarters of 2025, the company's gross profit margin was 36.79%, a decrease of 1.75 percentage points compared to the same period last year [6]. - The company reported a decline in quarterly revenue for Q3 2025, with a revenue of 180 million yuan, down 4.32% year-on-year and 3.23% quarter-on-quarter, and a net profit of 36 million yuan, down 17.75% year-on-year and 25.00% quarter-on-quarter [6]. - The company maintained good cost control, with total expense ratios decreasing to 6.47%, a year-on-year decrease of 1.40 percentage points [6].

Core Viewpoint - The company, Chuangyuan Technology (000551), reported a slight decline in revenue for the first three quarters of 2025, but net profit showed growth due to effective operational strategies and technological advancements in its subsidiaries [2][4]. Financial Performance - For the first three quarters of 2025, the company's main revenue was 3.123 billion yuan, a year-on-year decrease of 6.96% [4]. - The net profit attributable to shareholders was 219 million yuan, an increase of 3.25% year-on-year [4]. - The third quarter alone saw a main revenue of 1.044 billion yuan, down 4.82% year-on-year, with a net profit of approximately 57.28 million yuan, a decrease of 13.96% [4]. - The company reported a debt ratio of 36.61% and a gross profit margin of 25.78% [4]. Subsidiary Performance - The subsidiary, Suzhou Electric Porcelain, has been focusing on smart manufacturing and digital transformation, which has improved production efficiency and product quality [2][3]. - Suzhou Bearing, another subsidiary, is advancing in technological innovation and increasing sales of high-value-added products, contributing to a higher gross margin compared to the domestic market [2][3]. Market Strategy - The company is expanding its market presence in high-end industries such as electronic information, healthcare, and new energy, with a focus on high-end clients [2][3]. - Chuangyuan Technology is actively seeking investment targets that align with its strategic development goals and will disclose relevant information as required by regulations [2][3]. Future Outlook - The company aims to enhance its core competitiveness through technology research and product innovation, while also improving communication with investors to boost company value and shareholder returns [2][4].

Investment Rating - The investment rating for the company is "Outperform" (maintained) [3] Core Views - The company is actively advancing its smart transformation and digitalization, with a projected net profit growth of 0.70% year-on-year for the first three quarters of 2025 [5] - The company is expanding into high-value new sectors such as aerospace, industrial automation, and high-end equipment, which are expected to drive future growth [6] - The automotive bearing market is anticipated to grow significantly, supported by government policies promoting automotive consumption and upgrades [5] Financial Performance Summary - For the first three quarters of 2025, the company achieved revenue of 538 million yuan, a decrease of 1.70% year-on-year, while the net profit attributable to the parent company was 118 million yuan, an increase of 0.70% [5] - The company maintains its profit forecast for 2025-2027, expecting net profits of 171 million yuan, 201 million yuan, and 225 million yuan respectively [5] - Earnings per share (EPS) are projected to be 1.05 yuan, 1.24 yuan, and 1.38 yuan for 2025, 2026, and 2027 respectively, with corresponding price-to-earnings (P/E) ratios of 29.6, 25.2, and 22.5 [5][7] Industry Insights - The domestic robot production and sales are steadily increasing, with significant growth in industrial robots, which is expected to open new growth opportunities for the company [6] - The automotive industry in China saw a substantial increase in production and sales, with year-on-year growth of 13.3% and 12.9% respectively for the first nine months of 2025 [5] - The automotive bearing market size exceeded 200 billion yuan in the first half of 2025, accounting for over 40% of the total bearing industry size [5]