Investment Rating - The report maintains a rating of "Overweight" for the light industry manufacturing sector [1]. Core Insights - The report highlights the listing of Daxing Technology, the leading company in the folding bicycle market, which holds a market share of 36.5% in sales. The company is expected to achieve a revenue of 450 million yuan in 2024, with a compound annual growth rate (CAGR) of 33.1% from 2022 to 2024. The sales volume is projected to reach 229,500 units in 2024, with a CAGR of 24.1% during the same period. The folding bicycle segment is characterized as a low penetration, high growth niche market, suitable for urban applications and with a low barrier to entry for new riders [5][6]. Summary by Sections Market Overview - The light industry manufacturing index increased by 1.88% from September 8 to September 12, 2025, ranking 13th among 28 Shenwan industries. The textile and apparel index rose by 0.67%, ranking 20th [10]. Key Company Performance - Daxing Technology has established a comprehensive sales network covering offline, online, and overseas markets, with 680 domestic dealerships as of April 2025. The company has significant potential for market expansion, particularly in overseas channels, where it generated approximately 30 million yuan in revenue in 2024 [5][6]. Investment Opportunities - The report suggests actively monitoring the folding bicycle sector due to its high growth potential and the competitive advantages of leading companies like Daxing Technology. Additionally, it emphasizes investment opportunities in the consumer supply chain as companies expand overseas, particularly in packaging and hygiene products [5][6]. Sector Recommendations - The report recommends focusing on companies with strong growth potential in the new consumer market, particularly in the trendy toy segment, and highlights the performance of companies like Pop Mart and Morning Glory, which are expected to benefit from expanding demand and market presence [6][67].

格隆汇9月15日丨南山智尚(300918.SZ)在互动平台表示，公司新发布的织物触觉智能手套搭载柔性传感 与感驱一体纤维等创新技术，具备遥操作控制与数据采集等功能，可应用于人形机器人灵巧手系统。 ...

南山智尚（300918.SZ）9月15日在投资者互动平台表示，公司新发布的织物触觉智能手套搭载柔性传感 与感驱一体纤维等创新技术，具备遥操作控制与数据采集等功能，可应用于人形机器人灵巧手系统。 （记者 谭玉涵） 每经AI快讯，有投资者在投资者互动平台提问：请问公司织物触觉智能手套能否在机器人上使用？ ...

证券代码：300918 证券简称：南山智尚 山东南山智尚科技股份有限公司 投资者关系活动记录表 编号：2025-007 | | 业绩解读会 | □分析师会议 | | --- | --- | --- | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | | □新闻发布会 | □路演活动 | | 类别 | 现场参观 | □特定对象调研 | | | 其他（产品发布会） | | | | 西部电新-邓宇轩、民生汽车-白如、野村东方-李行杰、永赢基金 | | | | -黎一鸣、国泰基金-谢泓材、林亿基金-王超、长江汽车-吴优、国 | | | | 海机械-张钰莹、汇华理财-于宏杰、民生化工-曾佳晨、国泰海通 | | | | 纺服-钟启辉、中泰证券-吴思涵、长江养老-蔡晗炀、东北机械- | | | | 周兴武、西部利得-刘文婷、诺德基金-曾文宏、华创证券-刘一怡、 | | | | 海创基金-卢旭、诺德基金-周建胜、长城证券-陈逸同、太平洋保 | | | 参与单位名称及 | 险资产-恽敏、华福证券-李康瑞、长江证券-陈纪豪、中银证券- | | | 人员姓名 | | | | | 徐中良、东证汇融资管-刘一霖、景 ...

此次发布会还包括另一重磅环节，南山智尚和汽车电子与机器人核心部件巨头宁波均胜电子（600699） 股份有限公司(以下简称"均胜电子")正式签署战略合作协议，宣布将携手探索人形机器人关键零部件产 业。 根据合作协议，南山智尚提供"皮肤"与"肌腱"；均胜电子提供"神经系统"与"小脑"，双方将能够共同为 客户提供从感知、传动到控制的一体化、软硬结合的整体解决方案，极大降低机器人公司的研发与供应 链成本，加速人形机器人的商业化落地。 南山智尚前述研发负责人对《证券日报》记者表示，公司研发的抗蠕变超高分子量聚乙烯纤维，有效解 决了传统材料长期使用中的松弛难题，极其适用于机器人的传动"肌腱"。公司已建成的3600吨超高分子 量聚乙烯纤维智能产线和8万吨高性能差别化锦纶长丝产线，可为人形机器人批量供应高耐久、高可靠 的传动腱绳和电子皮肤材料，满足未来百万台级的产能需求。 根据均胜电子近期业绩说明会，公司已为全球机器人客户提供包括大小脑控制器、能源管理模块、多种 高精度IMU(惯性测量单元)、定制化鱼眼相机等关键部件，并已与国内外头部客户达成合作。 9月12日，山东南山智尚（300918）科技股份有限公司(以下简称"南山智尚 ...

Core Insights - Nanshan Zhishang launched a fabric tactile smart glove that integrates electronic skin and fabric sensing technology, enabling humanoid robots to achieve near-human tactile perception capabilities [1][2] - The company has established a production line with a capacity of 3,600 tons of ultra-high molecular weight polyethylene fiber and 80,000 tons of high-performance differentiated nylon filament, which can meet the demand for key materials in humanoid robots [2] - Strategic partnerships were formed with Junsheng Electronics and Changsheng Bearings to enhance technological collaboration and market opportunities in the smart interaction industry [3][4] Company Developments - Nanshan Zhishang's smart glove represents a fusion of material science and artificial intelligence, showcasing the company's innovative capabilities in the robotics sector [2] - The company has built a comprehensive innovation model through collaboration with Wuhan University and Wuhan Shizhi Innovation Technology Co., focusing on basic research, material breakthroughs, and technology transformation [2] - The strategic cooperation with industry partners aims to explore the key components of humanoid robots, with Nanshan providing "skin" and "tendons," while Junsheng focuses on the "brain" and "small brain" [4] Industry Trends - The robotics industry is on the verge of mass production, with Nanshan's production capacity poised to support the demand for millions of humanoid robots [2] - Junsheng Electronics is advancing in the robotics field by developing core technologies for robot control systems and providing essential components for both domestic and international clients [3]