在经历前期阶段性回调后，这一板块近期迎来多重边际利好催化。Choice数据显示，12月4日该板块吸引约40亿元资金净流入，位居市场首位。在产能、 供应链与资本的三重共振下，这一产业正迈向商业化的临界点。未来产业链中有哪些更具确定性的机会？请看机构最新研判。 机器人板块在经历明显回调后，近期在多重边际利好催化下迎来触底反弹。从产业端看，谷歌、特斯拉等科技巨头加速布局，这一动作持续为行业注入信 心。随着产业链各环节加速成熟，本体制造到核心零部件供应，再到场景应用，已逐步形成完整产业生态。 在本体制造领域，国内外企业量产节奏明确：特斯拉计划在得克萨斯超级工厂新建年产能1000万台的专用厂房，量产时间锁定在2027年。宇树智能应急机 器人产业园项目（一期）完成备案，将建设月产能500套的行业应用机器人组装产线。优必选已开始批量交付Walker S2机器人，2026年工业人形机器人年 产能将达5000台，2027年扩至1万台。智元机器人、银河通用、小鹏机器人等国产企业也在纷纷布局产能。 在供应链方面，特斯拉供应链（T链）进入关键验证期，12月有望陆续向供应商下达定点订单，并给出明年供货指引，国内相关企业有望获得首批批量 ...

证券代码：000559 证券简称：万向钱潮 万向钱潮股份公司投资者关系活动记录表 编号：20251201 | | 优势，已具备该产品的研发和制造能力，目前尚未实现机器人精密万 | | --- | --- | | | 向节产品规模化量产。 | | | 3、 公司在机器人领域的产品后续还会在什么方向上布局？ | | | 答：公司产品覆盖机器人全系列关节精密轴、精密减速器及各类 | | | 关节专用轴承等，在前述产品的基础上，加上公司在汽车电子、控制 | | | 技术等方面的基础，后续也会考虑布局更多轴承产品及部件总成等产 | | 品。 | | | | 4、 公司如何解决在机器人项目中遇到的技术方面的问题？ | | | 答：公司目前主要服务于机器人行业头部客户。在机器人项目中， | | | 主要在产品高负载、长寿命、高自由度、高控制精度、轻量化以及规 | | | 模化生产的高效率、一致性等方面会遇到一些挑战。为此，公司重点 | | | 推进硬件改进、结构优化、效率提升与成本控制，将结合在万向节、 | | | 滚动轴承和传动轴系方面的硬核技术积累，拟通过摩擦方式调整、薄 | | | 壁化集成式结构设计、精密锻造成型技 ...

Core Viewpoint - The company has successfully engaged in multiple collaborations with leading domestic and foreign enterprises in the robotics sector, resulting in small batch orders for linear joint modules and ball screws, although these new business segments currently contribute a minor portion to overall revenue [2][2]. Group 1: Company Developments - The company has partnered with two leading domestic new energy vehicle manufacturers to develop linear joint modules for humanoid robot projects [2]. - The company has completed multiple rounds of sample deliveries and small batch shipments, receiving positive feedback on installation performance from clients [2]. - The company is also in technical discussions and sample deliveries with several domestic robot manufacturers and dexterous hand companies [2]. Group 2: Order and Revenue Impact - The company has successfully secured small batch orders for ball screws and roller screws through collaboration with a leading foreign screw manufacturer, with these orders passing client acceptance [2]. - The revenue from new business segments, including roller screws and joint modules, currently constitutes a low percentage of the company's total revenue, thus having a minimal impact on overall performance [2].

Core Viewpoint - The company has engaged in partnerships with two leading domestic new energy vehicle manufacturers to develop linear joint modules for humanoid robot projects, with positive feedback on the initial deliveries [1] Group 1: Partnerships and Collaborations - The company has conducted multiple rounds of sample deliveries and small batch shipments to clients, which have been positively received in terms of installation performance [1] - The company is also in technical discussions and sample deliveries with several domestic robot manufacturers and dexterous hand companies [1] - The company has initiated multiple cooperation talks with a leading foreign screw manufacturer, successfully obtaining small batch orders for ball screws and roller screws, which have passed client acceptance tests [1] Group 2: Revenue Impact - The revenue from new business segments such as roller screws and joint modules currently constitutes a low percentage of the company's total revenue, thus having a minimal impact on overall performance [1]

Core Viewpoint - The company has engaged in partnerships with two leading domestic new energy vehicle manufacturers to develop linear joint modules for humanoid robot projects, with positive feedback on initial deliveries [1] Group 1: Partnerships and Collaborations - The company has conducted multiple rounds of sample deliveries and small batch shipments to clients, which have been positively received in terms of installation performance [1] - The company is also in technical exchanges and sample deliveries with several domestic robot manufacturers and dexterous hand companies [1] - The company has initiated multiple cooperation discussions with a leading foreign screw manufacturer, successfully obtaining small batch orders for ball screws and roller screws, which have passed client acceptance and been delivered [1] Group 2: Revenue Impact - The revenue from new businesses such as roller screws and joint modules currently constitutes a low percentage of the company's total revenue, thus having a minimal impact on overall performance [1]

Group 1 - The core viewpoint of the article is that Weichuang Electric (688698.SH) provides a comprehensive range of motion actuator solutions for humanoid robots, but currently has no business cooperation with Tesla, Nvidia, or Yushun Robotics [2][3] - Weichuang Electric offers various products including rotary joint modules, linear joint modules, hollow cup motor modules, frameless torque motors, and dexterous hand power solutions for humanoid robots [2] - The company emphasizes that any specific customer and business progress should be verified through publicly disclosed information [2]

Core Viewpoint - The company provides a comprehensive range of motion actuator solutions for various humanoid robots, including rotary joint modules, linear joint modules, hollow cup motor modules, frameless torque motors, and dexterous hand power solutions [1] Group 1: Company Offerings - The company offers complete motion actuator solutions for humanoid robots [1] - Specific products include rotary joint modules, linear joint modules, hollow cup motor modules, frameless torque motors, and dexterous hand power solutions [1] Group 2: Business Relationships - Currently, the company has no business cooperation with Tesla, NVIDIA, or Yushu Robotics [1] - Any updates regarding specific customers and business progress will be disclosed by the company publicly [1]

Financial Performance - The company reported a total revenue of 897 million yuan for the first half of 2025, representing a year-on-year increase of 16.39% [1] - The net profit attributable to shareholders reached 141 million yuan, up 4.87% year-on-year [1] - The gross margin was 38.2%, a decrease of 2.33% compared to the previous year, while the net margin was 15.54%, down 9.45% [1] - Accounts receivable increased to 752 million yuan, a rise of 19.38% year-on-year, with accounts receivable to net profit ratio at 306.84% [1] - The company’s earnings per share (EPS) was 0.67 yuan, an increase of 4.69% year-on-year [1] Business Strategy and Development - The company is focusing on the humanoid robot sector, providing comprehensive motion execution solutions and key components to enhance the capabilities of robots [3] - It aims to deepen its presence in high-end equipment, robotics, and medical devices, optimizing internal resources and customizing products based on client needs [4] - The company has received type approval for its C800 and C310-Pro series inverters from the China Classification Society, contributing to the green energy transition in the maritime industry [5] Competitive Advantage - The company emphasizes a market-driven product development approach, ensuring that products meet customer needs effectively and reduce overall costs [6] - It is actively expanding its international market presence, particularly in regions like Africa, Asia, and Latin America, while also targeting growth in Europe and the United States [6]

Financial Performance - The company reported a total revenue of 897 million yuan for the first half of 2025, representing a year-on-year increase of 16.39% [1] - The net profit attributable to shareholders was 141 million yuan, up 4.87% year-on-year [1] - The gross profit margin was 38.2%, a decrease of 2.33% compared to the previous year [1] - The net profit margin was 15.54%, down 9.45% year-on-year [1] - The company's accounts receivable reached 752 million yuan, an increase of 19.38% year-on-year, with accounts receivable accounting for 306.84% of net profit [1][2] Cash Flow and Financial Ratios - The company's operating cash flow per share was -0.1 yuan, a significant decrease of 162.92% year-on-year [1] - The total of selling, administrative, and financial expenses was 85.75 million yuan, accounting for 9.56% of revenue, a decrease of 1.98% year-on-year [1] - The return on invested capital (ROIC) for the previous year was 10.47%, indicating average capital returns [1] Business Strategy and Market Position - The company is focusing on the robotics sector, providing comprehensive motion execution solutions and enhancing its product offerings through R&D investments [4] - It aims to deepen its presence in high-end equipment, robotics, and medical devices while optimizing internal resources based on customer needs [5] - The company has received type approval for its C800 and C310-Pro series inverters from the China Classification Society, contributing to the green energy transition in the maritime industry [6] Competitive Advantages - The company emphasizes a market-driven product development approach, ensuring high-quality and targeted solutions that reduce costs for customers [7] - It is expanding its international market presence, particularly in regions like Africa, Asia, and Latin America, while also increasing efforts in Europe and the Americas [7]

Core Viewpoint - The company, Weichuang Electric (688698.SH), has clarified that it is not currently involved in humanoid robot products, but it provides a complete set of motion actuator solutions for the humanoid robot sector [1] Group 1: Company Overview - The company has independently developed key components such as rotary joint modules, linear joint modules, hollow cup motor modules, frameless torque motors, and dexterous hand power solutions [1] - The company integrates mechatronics innovation technology and AI intelligent software algorithms to support the humanoid robot field [1]