证券日报网讯1月7日，艾迪精密（603638）在互动平台回答投资者提问时表示，公司目前有滚珠丝杠、 行星滚柱丝杠、直线导轨等产品。人形机器人的核心部件，如线性执行器、旋转执行器等产品近期面 世。 ...

格隆汇1月7日丨艾迪精密(603638.SH)在投资者互动平台表示，公司目前有滚珠丝杠、行星滚柱丝杠、 直线导轨等产品。人形机器人的核心部件，如线性执行器、旋转执行器等产品近期面世。 ...

格隆汇1月7日丨艾迪精密(603638.SH)在投资者互动平台表示，公司目前有滚珠丝杠、行星滚柱丝杠、 直线导轨等产品。人形机器人的核心部件，如线性执行器、旋转执行器等产品近期面世。 ...

证券日报网讯12月22日，艾迪精密（603638）在互动平台回答投资者提问时表示，公司目前的减速机产 品非常成熟且已经产业化，公司具有很好的产业制造基础。人形机器人的核心部件，如线性执行器、旋 转执行器等产品将在年底前面世，后期会在相关主机厂进行送样测试。 ...

（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：公司第三季度扣非后净利环比下降的原因是什么？目 前灵巧手业务进展如何，有没有开始批量供货，灵巧手配件在具身机器人中成本占比大概多少？ 捷昌驱动（603583.SH）12月19日在投资者互动平台表示，公司第三季度扣非净利润环比下降主要系关 税、汇兑损益等因素的综合影响。公司目前机器人相关零部件产品研发顺利，主要产品包括空心杯电机 总成、旋转模组、线性执行器等，并与下游具身机器人客户开展合作，但相关产品暂未形成规模销售。 另外，公司与浙江灵巧智能科技有限公司共同出资设立的浙江灵捷机器人零部件有限公司主要从事机器 人灵巧手、关节模组及驱动器等核心零部件的研发生产制造销售等相关业务，目前其发布的Dexhand系 列灵巧手产品已经开始销售。灵巧手配件在具身机器人中的成本占比，受产品技术方案、应用场景、客 户定制化需求等多种因素影响，行业内暂无统一标准。 ...

Core Insights - The Chinese humanoid robot industry is experiencing a surge in the number of companies, with over 150 firms currently operating, more than half of which are startups or from other sectors [1][6] - Concerns about a "bubble" in the humanoid robot market have been raised due to the high number of similar products being launched, despite the market's limited size [2][8] - The Ministry of Industry and Information Technology has established a standardization technical committee for humanoid robots, indicating a move towards standardization in the industry [1][4] Market Dynamics - IDC estimates that the commercial sales volume of humanoid robots in China will be around 2,000 units in 2024, with projections of reaching 60,000 units by 2030 [2] - GGII data suggests that approximately 800 humanoid robots will be sold in 2024, with sales exceeding 4,000 units in the first half of 2025 [2] - Despite the rapid growth in the number of companies, the actual market capacity remains limited, leading to a phenomenon of product saturation [2][8] Product Pricing and Competition - The price of humanoid robots has significantly decreased, with some models like the Yushun R1 priced at 30,000 yuan and others like the Songyan Power's Xiaobu Mi robot priced below 10,000 yuan [6] - The competitive landscape is characterized by a proliferation of similar products, which raises concerns about resource wastage and market sustainability [7][8] Core Component Challenges - The humanoid robot industry faces significant challenges related to core components, which are largely dominated by foreign companies [9][10] - Key components such as lead screws, reducers, and various sensors are critical to the functionality of humanoid robots, with domestic companies struggling to produce these at scale [9][10][17] - The market for lead screws in China is estimated to be around 2.57 billion yuan in 2023, with a high concentration of foreign ownership [12][13] Industry Trends and Future Outlook - The current situation reflects a historical pattern where Chinese companies rush into emerging markets without fully understanding their capabilities, leading to a potential bubble [18][19] - Although 2025 is being touted as the "year of mass production" for humanoid robots, significant barriers remain before widespread adoption can occur [20]

中美机器人共振，更新观点&深度报告 20251207 2025 年机器人行业呈现出中美之间前所未有的共振局面，尤其是科技板块的 发展趋势、龙头公司的表现以及二级市场定价方面。北美 T 公司一直引领硬件 开发，而中国则在硬件成本和效率上占据优势。今年初以来，中国的宇树和智 元等公司在资本市场上的动作，以及国产人形机器人的崛起，标志着中美进入 加速共振阶段。 特朗普政府对机器人板块的高度重视，加上马斯克对机器人的 展望，使得美国几乎以举国体制投入这一领域。这种国家意志将倒逼国内政策 层面出台更强有力、更易落地的相关举措。近期商业航天领域如火如荼的发展， SpaceX 重新定价就是一个典型案例。未来一年内，类似量级的催化事件将在 恒立液压重新布局线性执行器业务，总投资额约 50 亿人民币，今年产 值约为 1 亿元人民币，并有望实现微亏或不亏状态，预计明年产值将达 到数亿元甚至更高水平，远期目标是替代国内外竞争对手，实现百亿级 收入体量。 恒立液压在人形机器人零部件方面也取得进展，与北美客户建立合作关 系可能性很大，并计划提供丝杠及线性执行器模组，公司传统主业净利 润率接近 30%，随着高端产品增加，盈利水平将进一步 ...

Core Viewpoint - The company plans to invest a total of RMB 2.11 billion in precision component manufacturing and humanoid robot modules in Ninghai County from 2025 to 2030, with the investment being implemented in three phases [1] Group 1: Investment Details - The strategic cooperation agreement will be signed with the Ninghai County Investment Promotion Center, and the first phase of the investment agreement is expected to be signed soon [1] - The total investment of RMB 2.11 billion will be allocated for the construction of precision manufacturing equipment and components, as well as humanoid robot precision modules and parts [1] Group 2: Product and Market Context - The company has developed three main product series in the robotics sector: reverse planetary roller screw, linear actuators, and dexterous precision components, and has received small batch orders from domestic and international clients [1] - The agreement includes investments in production capacity within the robotics field, although the project will require a certain period for construction and there remains uncertainty in downstream demand [1] Group 3: Financial Impact - As of the first three quarters of 2025, the company's main business revenue is approximately RMB 6.6 billion, with the revenue from robotics-related business currently being very small [1] - The revenue structure of the company is expected to remain largely unchanged in the short term after the project is completed [1]

Core Viewpoint - The company plans to invest a total of RMB 2.11 billion in precision component manufacturing and humanoid robot modules in Ninghai County from 2025 to 2030, with the investment structured in three phases [1] Group 1: Investment Details - The strategic cooperation agreement will be signed with the Ninghai County Investment Promotion Center, with the first phase of the investment agreement expected to be signed soon [1] - The total investment of RMB 2.11 billion will be implemented in three phases, focusing on precision equipment and components for robotics [1] Group 2: Product and Market Position - The company has developed three main product series in the robotics sector: reverse planetary roller screw, linear actuators, and precision components for dexterous hands, and has received small batch orders from domestic and international clients [1] - Currently, the revenue from the company's robotics-related business is minimal, and the revenue structure is not expected to change significantly in the short term after the project is completed [1] Group 3: Financial Performance - The company's main business revenue for the first three quarters of 2025 is approximately RMB 6.6 billion [1] - There is uncertainty regarding downstream demand for the new projects, which may affect the overall performance [1]

Core Viewpoint - Zhenyu Technology announced the cancellation of its wholly-owned subsidiaries and plans to invest in new projects in the humanoid robot sector, indicating a strategic shift to address market saturation and explore emerging opportunities [1][2][4]. Group 1: Investment Plans - The company plans to invest a total of 2.11 billion yuan in precision component manufacturing and humanoid robot projects from 2025 to 2030, divided into three phases [1][2]. - The first phase involves an investment of approximately 750 million yuan for a project to produce 1 million sets of precision components, with the site selected in the Ningbo Southern Coastal Economic Development Zone [2][3]. - The second and third phases are preliminarily planned for 2026, focusing on producing additional precision components and humanoid robot modules [2][3]. Group 2: Business Strategy - The decision to invest in humanoid robots is driven by the saturation of existing lithium battery precision component production capabilities, which are unable to meet the growing market demand [2][4]. - The company has established a product structure in the robotics sector, including three main product lines, but the revenue from these products currently represents a small portion of total income [3][4]. - The investment is expected to enhance the company's core competitiveness in the emerging humanoid robot field [3]. Group 3: Financial Health - The funding for the new investments will come from the company's own or self-raised funds, with a reported cash and cash equivalents balance of 577 million yuan as of the end of Q3 [4][5]. - The company emphasizes that the investment will not adversely affect its normal operations or shareholder interests [4][5]. Group 4: Subsidiary Cancellation - The cancellation of the subsidiaries Taicang Vanster and Jiangsu Vanster is part of a resource optimization strategy, consolidating operations to improve efficiency [1][5]. - The Taicang project is being relocated to Suzhou High-tech Zone, which is expected to streamline management and enhance operational efficiency [5].