8月29日晚间，音飞储存（603066）披露2025年半年报。报告期内，公司实现营业收入5.43亿元，归属 于上市公司股东的净利润6234.71万元。尽管业绩短期承压，但公司仍坚定推进技术创新与市场拓展， 强化成本管控和运营效率，为后续高质量发展奠定了基础。 今年上半年，中国物流与采购联合会物流装备专业委员会赴公司子公司江西音飞开展专题调研，重点考 察了企业在自动化立体仓库、智能搬运机器人等核心产品的创新成果。通过本次调研，政企双方就建立 联合创新中心、开展标准制定、组织示范项目等达成多项合作意向。 今年上半年，音飞储存积极深化与行业头部企业的战略合作，持续拓展智能制造与智能物流生态圈。 截至目前，音飞储存已建成覆盖国内外的六大生产基地(南京江宁、南京溧水、安徽马鞍山、江西景德 镇、苏州及泰国)，总面积超600亩，具备年产货架20万吨、穿梭车5000台套、堆垛机2000台套的产能规 模，综合产能位居行业前列。同时，公司通过"音飞"与"罗伯泰克"双品牌战略，构建了覆盖全球市场的 立体化品牌体系，形成了显著的协同效应。 其中，公司与行业知名企业签署《线缆行业智能工厂建设战略合作协议》，双方将深度融合智能仓储与 智 ...

Core Insights - The automation logistics equipment industry in China is experiencing unprecedented growth opportunities driven by high-quality economic development, the optimization of industrial structure, and the explosive growth of e-commerce and intelligent manufacturing transformation [1][10] - The industry is projected to reach a scale of 116.68 billion yuan in 2024, with a year-on-year growth of 16.23%, indicating strong growth momentum [1][10] - The integration of new technologies such as 5G and artificial intelligence, along with the expansion of emerging scenarios like cross-border e-commerce and cold chain logistics, is accelerating the industry's development towards high-end and international markets [1][10] Industry Overview - Automation logistics equipment refers to intelligent equipment that utilizes advanced control technology, mechanical devices, and computer systems to achieve unmanned or minimally manned operations in warehousing, handling, sorting, and conveying [2] - The main categories of automation logistics equipment include storage equipment, handling equipment, sorting equipment, packaging and palletizing equipment, and information management equipment [2][3] Development History - The development of the automation logistics equipment industry in China can be divided into several stages: the initial stage in the 1980s-90s relying on imported technology, the post-2000 period with domestic companies beginning to develop their own equipment, and the current stage characterized by AI and 5G technology enabling intelligent automation [4] Industry Policies - A series of national policies have been introduced to support the automation logistics equipment industry, including the "14th Five-Year Plan" for cold chain logistics and modern logistics development, which provide guidance on technological iteration and promote the large-scale application of intelligent equipment [6] Industry Chain - The industry chain of automation logistics equipment in China consists of upstream raw materials and components, midstream manufacturing, and downstream applications across various sectors such as express logistics, e-commerce, and intelligent manufacturing [8] Current Industry Status - The automation logistics equipment industry is becoming a key asset for companies to reduce costs and increase efficiency, with a focus on intelligent, networked, and green development [10] Market Segmentation - Key segments in the automation logistics equipment market include mobile robots (AGV/AMR), automatic sorting equipment, palletizing robots, automated storage systems, and intelligent conveyor systems, with mobile robots showing the fastest growth [12] Competitive Landscape - The industry features a multi-layered competitive structure, with international giants at the top, domestic leaders in the middle, and numerous regional SMEs at the base, indicating a shift from scale competition to value competition [14] - Notable companies include Noli Intelligent Equipment Co., Ltd. and Kunshan Intelligent Technology Co., Ltd., which are leading players in the market with comprehensive solutions and strong market positions [16][18] Future Trends - The industry is expected to accelerate its transformation towards intelligent and green development, driven by technological innovations and the need for sustainable practices [20][22] - There will be a focus on integrating the industry chain and expanding global presence, with domestic companies enhancing competitiveness through technological breakthroughs and resource integration [23]

内容概要：随着电商、快消品等行业的快速发展，消费者对商品交付的要求日益严苛，传统仓储方式已 无法满足巨大的市场需求。自动化立体仓库的问世填补了传统仓储的短板，其节约空间、提升效率的优 势让众多企业趋之若鹜。近年来，中国自动化立体仓库的建设步伐明显加快。从2019年的6000座到2024 年的11000座以上，可以看出在这五年间新增了超过5000座自动化立体库。这一数字体现了中国物流仓 储行业的蓬勃发展。而目前美国、日本、德国的自动化立体仓库保有量分别为2万+、3.8万、1万+，与 发达国家相比，未来增长空间仍然广阔。 相关上市企业：中储股份（600787）、*ST新宁（300013）、东杰智能（300486）、华晟智能 （874236）、昆船智能（301311）、诺力股份（603611）、北自科技（603082）、音飞储存 （603066）、博实股份（002698）、鼎捷数智（300378）等。 相关企业：山东盖世国际物流集团有限公司、云南物流产业集团有限公司、上海锦江国际低温物流发展 有限公司、苏州德力智慧物流科技有限公司、广东诺亚方舟智能装备有限公司、浙江中扬立库技术有限 公司、广东海力储存技术有限公司等 ...

Group 1 - The number of mergers and acquisitions (M&A) has doubled compared to the same period last year, with significant activity in sectors such as semiconductors, biomedicine, components, software, and information equipment [1][3] - M&A activities are beneficial for promoting industrial upgrades, creating complementary advantages, and facilitating centralized development [1][4] - Companies are leveraging M&A to gain richer resources, including talent, technology, and capital, while transforming traditional business models from scale enterprises to technology-driven firms [4] Group 2 - North Self Technology plans to acquire 100% equity of Suike Intelligent through a combination of share issuance and cash payment, focusing on smart logistics systems and equipment [1] - New Lai Fu has announced a suspension of trading as it prepares to issue shares and pay cash for asset acquisition, with a plan to disclose details by April 28, 2025 [2] - Hailanxin is actively progressing its acquisition of Hainan Hailan Huanyu Ocean Information Technology Co., Ltd., with due diligence and other preparatory work underway [2] Group 3 - Huafeng Chemical aims to acquire 100% equity of Huafeng Synthetic Resin and Huafeng Thermoplastic for a total price of 6 billion yuan, which will help expand its business and achieve sustainable development [3] - The current wave of M&A is characterized by a high proportion of technology-themed transactions, with diverse funding sources including state-owned, private, and foreign capital [4] - Some companies have terminated their M&A plans due to failure to reach consensus on commercial terms, as seen with Meijin Energy [5][6] Group 4 - Baota Industrial has decided to terminate its asset acquisition and make significant adjustments to its original M&A plan due to uncertainties regarding subsidy recovery for a renewable energy project [6] - The termination of M&A plans may disrupt a company's strategic objectives, necessitating a reassessment of market conditions and future risks [7]