蓝思科技(06613)涨近5%，截至发稿，涨4.34%，报24.04港元，成交额4665.51万港元。 海通国际指出，蓝思科技作为智能终端全产业链平台型龙头，充分受益大客户创新周期，智能手机与电 脑未来三年受益于大客户创新周期、业务可见度高、预计加速成长，人形机器人/AI服务器未来可期。 据了解，公司此前取得越疆机器人10000台四足机器狗整机组装订单，并成为其主要部件供应商。 消息面上，近日，蓝思科技发布投资者关系活动记录表，公司表示，目前已切入北美及国内多家头部机 器人企业的供应链，关节模组、灵巧手、结构件已批量交付，人形机器人、四足机器人整机组装规模位 居行业前列。预计今年人形机器人出货3000台以上，四足机器狗10000台，初步成为最大的具身智能硬 件制造平台之一。2026年，预计实现人形机器人核心部件和整机组装规模翻番，2027年人形机器人与四 足机器狗出货量稳居全球前列。 ...

Core Viewpoint - Lingyi Zhizhao is shifting its focus to the Hong Kong stock market after years of fluctuations in the A-share capital market, aiming to diversify its capital sources and reduce reliance on major clients [4]. Group 1: Market Position and Financial Performance - Lingyi Zhizhao leads in market share within the consumer electronics and AI terminal hardware sectors, with a comprehensive manufacturing capability covering structural components, modules, thermal management, and batteries [3][6]. - The company's revenue from 2022 to 2024 is projected to be 34.5 billion, 34.1 billion, and 44.2 billion respectively, with gross profits of 7.15 billion, 6.805 billion, and 6.974 billion, indicating a stable revenue growth trend [6]. - The gross margin for the same period is maintained above 15%, showing a downward trend from 20.73% to 15.77%, while net margins are projected at 4.61%, 6%, and 3.98% [6]. Group 2: Revenue Structure and Client Dependency - In the first three quarters of 2025, Lingyi Zhizhao's revenue reached approximately 37.6 billion, with a net profit of 1.941 billion and a gross margin of 16.61% [7]. - The revenue structure is heavily reliant on AI terminals, which accounted for about 92.13% of total revenue in 2024, with the highest contribution coming from imaging display business [7][8]. - A significant portion of the company's revenue comes from a few major clients, with the top five clients contributing 49.1%, 52.0%, 56.0%, and 56.4% of total revenue over the reporting periods [8]. Group 3: Acquisition and Market Strategy - Lingyi Zhizhao recently adjusted its acquisition plan for Jiangsu Keda, changing from a convertible bond and cash method to a cash-only acquisition, raising questions about the valuation of the target company [10]. - The acquisition of Jiangsu Keda, which was seen as a breakthrough for Lingyi's automotive business, faced scrutiny due to discrepancies in revenue growth and profitability compared to industry peers [12]. - The company’s historical focus on simple structural components has evolved into a multi-process supply chain integration capability, driven by close ties with end brands and rapid response to market demands [14].

（记者 王晓波） 长盈精密（300115.SZ）11月22日在投资者互动平台表示，公司在机器人领域已经布局超过10年，能够 为人形机器人的传动件、结构件、执行器、传感器、变速齿轮、线束、电机等提供核心零部件，且已实 现为海内外人形机器人客户开发如铝合金、镁合金、钛合金等金属材料，PEEK、IGUS等工程塑料，以 及橡胶、硅胶、尼龙、纤维织布等多种材料的零件，涵盖CNC、3D打印、压铸、注塑、滚齿、热压等 多种成型工艺。公司的项目集中在灵巧手上的传动件，正逐步增加至大尺寸的传动件。 每经AI快讯，有投资者在投资者互动平台提问：了解到公司已供应灵巧手、关节等核心部件。想请 教，除了已披露的产品，公司是否还成功开发或正在验证人形机器人的其他关键模块，例如躯干结构 件、旋转执行器、传感器外壳或特定场景的末端执行器（工具手）？ 公司如何评估在单台人形机器人 上的总价值量？未来通过增加供应品类来提升单机价值量的空间有多大？ ...

Core Viewpoint - The company has over 10 years of experience in the robotics sector, providing essential components for humanoid robots and is actively expanding its production capacity due to increasing overseas orders [1] Group 1: Company Overview - The company has established a significant presence in the robotics field, focusing on core components such as transmission parts, structural components, actuators, sensors, gearboxes, wiring harnesses, and motors for humanoid robots [1] - The company has developed parts using various materials including aluminum alloy, magnesium alloy, titanium alloy, PEEK, IGUS engineering plastics, rubber, silicone, nylon, and fiber fabrics [1] - The manufacturing processes employed by the company include CNC machining, 3D printing, die casting, injection molding, gear hobbing, and hot pressing [1] Group 2: Market Dynamics - The company is currently concentrating on transmission components for dexterous hands and is gradually increasing its focus on larger transmission components [1] - In the fourth quarter, there is a notable acceleration in new overseas orders for humanoid robots, prompting the company to actively expand its production capabilities [1]

证券代码：000026/200026 证券简称：飞亚达/飞亚达 B 飞亚达精密科技股份有限公司投资者关系活动记录表 编号：20251120 | | □特定对象调研 □分析师会议 | | --- | --- | | □媒体采访 | □业绩说明会 | | 投资者关系活动类 | □新闻发布会 □路演活动 | | 别 □现场参观 | | | | 其他（投资者网上集体接待日活动） | | ☑ | | | 活动参与人员 | 投资者网上提问 | | 时间 年 2025 | 月 日 11 20 | | 地点 | 飞亚达科技大厦会议室、投资者网上提问 | | 形式 | 公司通过全景网"投资者关系互动平台"采用网络远程的方式召开投资 | | | 者网上集体接待日活动 | | 董事总经理 上市公司接待人员 | 潘波 | | | 总会计师兼董事会秘书 宋瑶明 | | 姓名 独立董事 | 曹广忠 | | | 投资者主要问题及公司回复情况： | | | 1、领导您好，公司经营最新情况如何，后续有什么规划？ | | | 您好，感谢您对飞亚达公司的关注！公司 2025 年前三季度实现营 | | 业收入 | 26.75 亿元，同比下降 12% ...

南财智讯11月17日电，纽泰格在投资者关系活动中表示，公司与巴斯夫（中国）有限公司签署战略合作 协议，双方将联合开发适用于机器人关节、结构件、减震部件以及电子皮肤等关键部件的材料解决方 案。巴斯夫提供聚酰胺、聚甲醛、碳纤维增强塑料等先进材料，纽泰格负责产品应用开发、制造及测试 验证，共同满足轻量化、高强度、高尺寸稳定性等技术需求，并拓展至汽车三电、转向及被动安全系统 等领域。 ...

Core Viewpoint - The major asset restructuring plan of Lingyi iTech (002600) has been terminated after nearly a year of planning, as announced by the Shenzhen Stock Exchange on November 13 [1]. Group 1: Restructuring Process - Lingyi iTech submitted an application to withdraw its proposal for issuing convertible bonds and cash purchases of assets, along with raising supporting funds [4]. - The restructuring plan was initially approved on August 8, but the company did not submit the registration thereafter [4]. - The board meetings held on December 6, 2024, approved the proposal for issuing convertible bonds and cash purchases of assets [4]. Group 2: Financial Details - The company planned to acquire a 66.46% stake in Jiangsu Kedasiteng Automotive Technology Co., Ltd. for a total price of 332 million yuan [5]. - The company intended to raise no more than 207 million yuan through a private placement to specific investors [5]. - For the first three quarters of 2025, Lingyi iTech reported revenue of 37.59 billion yuan, a year-on-year increase of 19.39%, and a net profit attributable to shareholders of 1.94 billion yuan, up 38.17% year-on-year [8]. Group 3: Market Reaction - Following the announcement of the termination of the restructuring plan, Lingyi iTech's stock price opened lower and closed at 13.63 yuan per share, with a market capitalization of 99.58 billion yuan as of November 14 [9].

Core Viewpoint - The Shenzhen Stock Exchange has terminated the review of Lingyi Technology's application for issuing convertible bonds to purchase assets and raise matching funds, following the company's withdrawal of the application [2][5]. Group 1: Company Actions - Lingyi Technology submitted an application to the Shenzhen Stock Exchange on June 6, 2025, for issuing convertible bonds to purchase assets and raise matching funds [5]. - The company later withdrew its application for the issuance of convertible bonds and cash payment for asset purchases, with the independent financial advisor also submitting a withdrawal request [5]. - The company plans to adjust the transaction price and payment method to cash, which will not involve issuing convertible bonds or raising matching funds, thus not constituting a major asset restructuring [6]. Group 2: Financial Performance - In Q3 2025, Lingyi Technology reported revenue of 13.965 billion yuan, a year-on-year increase of 12.91%, and a net profit attributable to shareholders of 1.012 billion yuan, up 39.28% [6]. - For the first three quarters of 2025, the company achieved revenue of 37.59 billion yuan, a 19.25% increase year-on-year, and a net profit of 1.941 billion yuan, reflecting a 37.66% growth [6]. Group 3: Market Position - Lingyi Technology, established in 2006, is recognized as a reliable core supplier of AI terminal hardware, providing precision components and smart manufacturing solutions globally [6]. - The company has maintained a leading position in market share and shipment volume in the global consumer electronics market for several consecutive years [6].

Core Points - The Shenzhen Stock Exchange has terminated the review of Lingyi Technology's application for issuing convertible bonds to purchase assets and raise matching funds [1][4] - Lingyi Technology plans to adjust the transaction price and payment method for acquiring a 66.46% stake in Jiangsu Keda, shifting to a cash payment without involving convertible bonds [4] Financial Performance - In Q3 2025, Lingyi Technology reported revenue of 13.965 billion yuan, a year-on-year increase of 12.91%, and a net profit of 1.012 billion yuan, up 39.28% [5] - For the first three quarters of 2025, the company achieved revenue of 37.59 billion yuan, a 19.25% increase year-on-year, and a net profit of 1.941 billion yuan, growing by 37.66% [5] - The basic earnings per share for Q3 2025 was 0.14 yuan, and for the first three quarters, it was 0.28 yuan [5] Company Overview - Lingyi Technology, established in 2006, is a trusted core supplier of AI terminal hardware, providing precision components and smart manufacturing solutions globally [5] - The company has maintained a leading position in the global consumer electronics market in terms of market share and shipment volume for precision components [5]

Group 1 - The company has been asked by investors if it supplies parts for Tesla's humanoid robot [2] - On November 13, the company responded on the investor interaction platform, indicating that it indirectly provides structural components for automotive business and emerging business areas for its clients [2] - The company emphasized that due to strict confidentiality agreements with clients, it cannot disclose specific product applications or details related to client business secrets [2] Group 2 - The company is committed to keeping pace with the development of top downstream clients and actively positioning itself in cutting-edge fields [2]