Investment Rating - The report maintains a "Buy" rating for the company [6]. Core Insights - The company reported a revenue of 1.3 billion RMB for the first three quarters of 2025, representing a year-on-year increase of 12.57%. The net profit attributable to the parent company was 160 million RMB, up 11.01% year-on-year [1]. - In Q3 2025, the company achieved a revenue of 409 million RMB, a year-on-year increase of 23.21%, but a quarter-on-quarter decrease of 18.33%. The net profit for the same quarter was 41 million RMB, reflecting a year-on-year increase of 47.62% [1]. - The company is undergoing significant transformations in its channels, management, and research and development, which are expected to enhance growth in its core industrial control business [3]. Summary by Sections Financial Performance - For Q3 2025, the gross margin was 39.74%, slightly down by 0.22 percentage points year-on-year but up by 0.62 percentage points quarter-on-quarter. The increase in the expense ratio is attributed to the company's ongoing management and R&D process reforms [2]. - The company forecasts net profits of 271 million RMB, 339 million RMB, and 389 million RMB for 2025, 2026, and 2027, respectively, with corresponding EPS of 0.86, 1.08, and 1.24 RMB [5]. Business Strategy - The company has initiated a channel model upgrade since 2022, focusing on partnerships with foreign brands and shifting towards a strategy that emphasizes channels over direct sales [3]. - The establishment of subsidiaries focused on robotics and high-density motor solutions indicates a proactive approach to capturing new opportunities in the intelligent robotics sector [4]. Market Positioning - The company is expanding its market share in core products such as servo and PLC through various organizational changes and a focus on customer needs [3]. - The report highlights the company's efforts in developing key technologies for humanoid robots, which may lead to significant growth opportunities in the future [4].

证券日报网讯雷赛智能8月6日在互动平台回答投资者提问时表示，目前，已有数百家机器人公司以及模 组厂家，包括协作机器人和人形机器人等领域测试和试用公司产品，尤其是在绝大部分大客户上取得进 展，产品功能和性能得到市场和客户的广泛认可。公司无框力矩电机、空心杯电机等组件与解决方案已 经取得若干规模商业订单，形成一定的销售收入，但整体营收占比较小。 （文章来源：证券日报） ...

雷赛智能（002979.SZ）8月6日在投资者互动平台表示，目前，已有数百家机器人公司以及模组厂家， 包括协作机器人和人形机器人等领域测试和试用我司产品，尤其是在绝大部分大客户上取得进展，产品 功能和性能得到市场和客户的广泛认可。公司无框力矩电机、空心杯电机等组件与解决方案已经取得若 干规模商业订单，形成一定的销售收入，但整体营收占比较小。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：公司号称70%机器人都会用到公司产品，但是国内几个 机器人订单都没有公司产品供应，请问公司产品卖得出去吗？ ...