以10月24日收盘价计算，机器人目前市盈率（TTM）约为-128.63倍，市净率（LF）约为6.69倍，市销 率（TTM）约为7.06倍。 10月26日，机器人发布2025年三季报。报告显示，公司前三季度营业收入为22.18亿元，同比下降 8.73%；归母净利润为-1.60亿元，同比下降59.96%；扣非归母净利润为-2.04亿元，同比下降25.95%；基 本每股收益-0.10元。 报告期内，机器人基本每股收益为-0.10元，加权平均净资产收益率为-3.66%。 资料显示，沈阳新松机器人自动化股份有限公司位于辽宁省沈阳市浑南新区全运路33号，成立日期2000 年4月30日，上市日期2009年10月30日，公司主营业务涉及从事工业机器人、物流与仓储自动化成套装 备、自动化装配与检测生产线及系统集成、交通自动化系统等产品的设计、制造和销售。主营业务收入 构成为：自动化装配与检测生产线及系统集成44.52%，物流与仓储自动化成套装备19.68%，工业机器 人16.24%，半导体装备16.21%，交通自动化系统3.07%，其他(补充)0.28%。 机器人所属申万行业为：机械设备-自动化设备-机器人。所属概念板块包括： ...

分红方面，机器人A股上市后累计派现2.76亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年6月30日，机器人十大流通股东中，易方达创业板ETF（159915）位居第二 大流通股东，持股2960.67万股，相比上期减少58.31万股。华夏中证机器人ETF（562500）位居第三大 流通股东，持股2804.21万股，相比上期增加499.71万股。南方中证500ETF（510500）位居第四大流通 股东，持股1857.33万股，相比上期增加245.34万股。香港中央结算有限公司位居第五大流通股东，持股 1143.26万股，相比上期增加351.24万股。天弘中证机器人ETF（159770）位居第六大流通股东，持股 1135.66万股，相比上期增加210.84万股。华安创业板50ETF（159949）位居第七大流通股东，持股 1120.08万股，为新进股东。 责任编辑：小浪快报 融资方面，机器人当日融资买入4831.70万元。当前融资余额11.14亿元，占流通市值的3.86%，融资余 额低于近一年10%分位水平，处于低位。 融券方面，机器人10月16日融券偿还2.82万股，融券卖出1.75万股，按当日收 ...

第二十五届中国国际工业博览会（下称"工博会"）上， 机器人 （300024.SZ，下称"新松机器人"）展台人头攒动，其多可仿生 人形机器人 "睿 可"系列刚刚斩获机器人届的"奥斯卡大奖"——CIIF大奖。 然而，这场技术秀场的聚光灯背后，却是公司近年来在资本市场与经营业绩上的持续低迷。被誉为"国产机器人先行者"、"机器人第一股"，新 松"第一"的头衔却似乎越来越名不副实。 量滞利亏 2025年半年报显示，新松机器人实现营收16.60亿元，同比微降0.07%，增长近乎陷入停滞。更令人担忧的是其盈利能力，报告期内归母净利 润-9535.82万元，同比大幅下降54.32%；扣非后归母净利润为-1.22亿元，同比下降12.66%。毛利率14.62%，同比亦有所下滑。 这份成绩单在行业复苏的背景下显得格格不入。 高工机器人产业研究所（GGII）报告称，2025年上半年中国工业机器人市场累计销量同比增长13.36%。国家统计局数据也显示，同期工业机器人 产量达36.93万套，同比猛增35.6%。行业整体向好，"老牌"新松机器人的业绩疲软尤为刺眼。 | | | | | | | 甲:70 | | --- | --- | -- ...

9月17日，机器人涨1.45%，成交额24.85亿元。两融数据显示，当日机器人获融资买入额3.02亿元，融 资偿还2.57亿元，融资净买入4501.42万元。截至9月17日，机器人融资融券余额合计14.81亿元。 融资方面，机器人当日融资买入3.02亿元。当前融资余额14.60亿元，占流通市值的4.45%，融资余额超 过近一年60%分位水平，处于较高位。 融券方面，机器人9月17日融券偿还1.93万股，融券卖出2.82万股，按当日收盘价计算，卖出金额59.16 万元；融券余量98.09万股，融券余额2057.84万元，超过近一年90%分位水平，处于高位。 资料显示，沈阳新松机器人自动化股份有限公司位于辽宁省沈阳市浑南新区全运路33号，成立日期2000 年4月30日，上市日期2009年10月30日，公司主营业务涉及从事工业机器人、物流与仓储自动化成套装 备、自动化装配与检测生产线及系统集成、交通自动化系统等产品的设计、制造和销售。主营业务收入 构成为：自动化装配与检测生产线及系统集成44.52%，物流与仓储自动化成套装备19.68%，工业机器 人16.24%，半导体装备16.21%，交通自动化系统3.07%，其 ...

Core Viewpoint - The company, Shenyang Siasun Robot Automation Co., Ltd., has shown a significant increase in stock price and trading volume, indicating positive market sentiment despite a decline in revenue and net profit for the first half of 2025 [1][2]. Company Overview - Shenyang Siasun Robot Automation Co., Ltd. was established on April 30, 2000, and listed on October 30, 2009. The company specializes in the design, manufacturing, and sales of industrial robots, logistics and warehousing automation equipment, automated assembly and testing production lines, and traffic automation systems [1]. - The company's revenue composition includes: automated assembly and testing production lines and system integration (44.52%), logistics and warehousing automation equipment (19.68%), industrial robots (16.24%), semiconductor equipment (16.21%), traffic automation systems (3.07%), and others (0.28%) [1]. Financial Performance - As of June 30, 2025, the company reported a revenue of 1.66 billion yuan, a slight decrease of 0.07% year-on-year, and a net profit attributable to shareholders of -95.36 million yuan, representing a significant decline of 54.32% year-on-year [2]. - The company has distributed a total of 276 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased to 193,300, a reduction of 8.69% from the previous period. The average number of circulating shares per person increased by 9.51% to 7,967 shares [2]. - The top shareholders include: - E Fund Chuangye ETF (holding 29.61 million shares, down 0.5831 million shares) - Huaxia CSI Robot ETF (holding 28.04 million shares, up 4.9971 million shares) - Southern CSI 500 ETF (holding 18.57 million shares, up 2.4534 million shares) [3].

Core Points - The stock of Shenyang Siasun Robot & Automation Co., Ltd. dropped by 5.09% to 19.20 CNY per share, with a trading volume of 1.384 billion CNY and a turnover rate of 4.54%, resulting in a total market capitalization of 30.06 billion CNY [1] Company Overview - Shenyang Siasun Robot & Automation Co., Ltd. was established on April 30, 2000, and listed on October 30, 2009. The company is located in Shenyang, Liaoning Province, and its main business includes the design, manufacturing, and sales of industrial robots, logistics and warehousing automation equipment, automated assembly and testing production lines, and traffic automation systems [1] - The revenue composition of the company is as follows: automated assembly and testing production lines and system integration (44.52%), logistics and warehousing automation equipment (19.68%), industrial robots (16.24%), semiconductor equipment (16.21%), traffic automation systems (3.07%), and others (0.28%) [1] Shareholder Information - Huazhang Fund's Huazhang Chuangye Board 50 ETF (159949) entered the top ten circulating shareholders of Siasun, holding 11.2008 million shares, which accounts for 0.73% of the circulating shares. The estimated floating loss today is approximately 11.5369 million CNY [2] - The Huazhang Chuangye Board 50 ETF was established on June 30, 2016, with a latest scale of 25.16 billion CNY. Year-to-date return is 39.29%, ranking 651 out of 4222 in its category; the one-year return is 100.9%, ranking 245 out of 3783; and since inception, the return is 33.72% [2] Fund Holdings - The Huazhang Guozheng Robot Industry Index A (020981) fund increased its holdings in Siasun by 133,600 shares in the second quarter, holding a total of 211,100 shares, which represents 4.76% of the fund's net value. The estimated floating loss today is approximately 217,400 CNY [4] - The Huazhang Guozheng Robot Industry Index A was established on March 26, 2024, with a latest scale of 3.7871 million CNY. Year-to-date return is 32.16%, ranking 1091 out of 4222; the one-year return is 87.49%, ranking 560 out of 3783; and since inception, the return is 46% [4] Fund Manager Information - The fund manager of Huazhang Chuangye Board 50 ETF is Xu Zhiyan, who has a cumulative tenure of 17 years and 136 days, managing assets totaling 140.096 billion CNY. The best fund return during his tenure is 189.24%, while the worst is -96.54% [3] - The fund manager of Huazhang Guozheng Robot Industry Index A is Liu Xuanzai, with a cumulative tenure of 4 years and 307 days, managing assets totaling 6.311 billion CNY. The best fund return during her tenure is 110.26%, while the worst is -61.05% [5]

Core Viewpoint - The company, Shenyang Siasun Robot Automation Co., Ltd., is experiencing fluctuations in stock performance and financial metrics, indicating potential investment opportunities and challenges in the automation equipment sector [1][2]. Financial Performance - As of June 30, 2025, the company reported a revenue of 1.66 billion yuan, a slight decrease of 0.07% year-on-year, while the net profit attributable to shareholders was -95.36 million yuan, reflecting a significant decline of 54.32% year-on-year [2]. - The stock price has increased by 10.42% year-to-date, with a recent 5-day increase of 0.87%, a 20-day decrease of 1.34%, and a 60-day increase of 19.90% [1]. Shareholder Information - The number of shareholders as of June 30, 2025, was 193,300, a decrease of 8.69% from the previous period, with an average of 7,967 shares held per shareholder, an increase of 9.51% [2]. - The company has distributed a total of 276 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Institutional Holdings - As of June 30, 2025, the top institutional shareholders include E Fund's ChiNext ETF, holding 29.61 million shares (a decrease of 583,100 shares), and Huaxia's CSI Robot ETF, holding 28.04 million shares (an increase of 4.99 million shares) [3]. - Other notable institutional shareholders include Southern CSI 500 ETF and Hong Kong Central Clearing Limited, with respective increases in holdings [3]. Business Overview - The company specializes in the design, manufacturing, and sales of industrial robots, logistics and warehousing automation equipment, automated assembly and testing production lines, and traffic automation systems [1]. - The revenue composition includes 44.52% from automated assembly and testing production lines, 19.68% from logistics and warehousing automation, 16.24% from industrial robots, 16.21% from semiconductor equipment, and 3.07% from traffic automation systems [1]. Industry Context - The company operates within the mechanical equipment sector, specifically in automation equipment and robotics, and is associated with concepts such as 3D printing, aerospace and military, smart logistics, and express delivery [2].

Financial Performance - The company's operating revenue for the current reporting period is approximately 1.66 billion yuan, showing a slight decrease from 1.66 billion yuan in the same period last year [1] - The net profit attributable to shareholders of the listed company is a loss of approximately 95.36 million yuan, compared to a loss of 61.79 million yuan in the previous year [1] - The net profit after deducting non-recurring gains and losses is a loss of approximately 121.96 million yuan, compared to a loss of 108.25 million yuan in the same period last year [1] - The net cash flow from operating activities is a negative 268.33 million yuan, compared to a negative 217.77 million yuan in the previous year [1] - The basic and diluted earnings per share are both negative 0.0609 yuan, compared to negative 0.0399 yuan in the same period last year [1] - The weighted average return on equity is negative 2.17%, down from negative 1.43% in the previous year [1] Asset and Liability Changes - As of the end of the current reporting period, total assets amount to approximately 12.05 billion yuan, slightly up from approximately 11.99 billion yuan at the end of the previous year [1] - The net assets attributable to shareholders of the listed company are approximately 4.37 billion yuan, down from approximately 4.43 billion yuan at the end of the previous year [1] - The company's trading financial assets decreased by 67.86% compared to the end of the previous year, while cash and cash equivalents increased by 9.69% [40] - Long-term borrowings increased by 31.41% compared to the end of the previous year, while short-term borrowings decreased by 7.03% [43] Cash Flow Analysis - The net cash flow from financing activities is approximately 82.34 million yuan, down by 27.6 million yuan compared to the previous year [27] - The net cash flow from investment activities is approximately 304 million yuan, compared to a negative 66.86 million yuan in the same period last year [27] Shareholder Structure - As of the end of the current reporting period, a new shareholder, Huaan Growth Enterprise Board 50 ETF, has entered the top ten circulating shareholders, replacing Qu Daokui from the previous quarter [54] - The shareholding ratios of several funds, including Huaxia CSI Robot ETF and Hong Kong Central Clearing Limited, have increased, while the shareholding of E Fund Growth Enterprise Board ETF has decreased [54][55] Industry Overview - The company primarily engages in the robotics industry chain, covering core components, robotic bodies, and system solutions [10]