证券代码：301603 证券简称：乔锋智能 乔锋智能装备股份有限公司 2025 年 9 月 4 日投资者关系活动记录表 编号：2025-007 | 投资者关 | 特定对象调研分析师会议 | | --- | --- | | 系活动类 | 媒体采访业绩说明会 | | 别 | 新闻发布会路演活动 | | | 现场参观 其他：腾讯会议 | | 参与单位 | 兴业证券 人、华西证券 人、东莞证券 人； 2 2 2 | | 名称 | 东方财富证券 1 人、新传奇私募 1 人、紫荆汇富 3 人； | | | 华西证券 人、富国基金 人。 1 3 | | 时间 | 2025 年 9 月 1 日 15:00-17:00； | | | 年 月 日 2025 9 2 9:30-12:00； | | | 2025 年 9 月 4 日 13:50-14:50。 | | 地点 | 公司会议室 | | 上市公司 | 1、副总经理、董事会秘书：陈地剑 | | 接待人员 | 2、证券事务代表：王璐 | | 姓名 | | | 投资者关 | 1、公司 2025 年上半年各下游行业销售占比及增长情况如何？ | | 系活动主 | 公司 ...

Summary of the Screw Rod Industry Conference Call Industry Overview - The screw rod industry is characterized by high technical barriers and significant profit potential due to complex manufacturing processes and customization needs for various applications such as humanoid robots, automotive, injection molding machines, and semiconductor equipment [1][12][13]. Key Points and Arguments - **Types of Screw Rods**: The industry primarily differentiates between sliding screw rods and ball screw rods, with the latter offering higher efficiency and precision through the use of steel balls as a transmission medium [3][4]. - **Planetary Roller Screw Rods**: These rods provide higher precision and load capacity but come with increased manufacturing costs due to the need for in-house production of small rollers [4][5]. - **Market Potential**: The screw rod market is expected to reach over 40 billion yuan by 2025, driven by sectors such as machine tools, automotive, robotics, semiconductors, and medical devices [2][26]. - **Profit Margins**: Companies in the screw rod industry can achieve high profit margins due to the limited number of players and the high barriers to entry [2][12]. - **Application in Robotics**: Screw rods are particularly advantageous in humanoid robots, providing high load capacity and energy efficiency by converting rotational motion into linear drive [6][29]. - **Automotive Applications**: The automotive sector is increasingly adopting electric drive systems, which enhance efficiency and align with the trends in smart driving technologies [30][31]. Additional Important Insights - **Manufacturing Challenges**: The manufacturing process for screw rods involves critical steps such as material selection, heat treatment, and precision design, which are essential for meeting high industry standards [12][14][21]. - **Testing and Quality Assurance**: Companies need to establish comprehensive testing and evaluation systems to ensure the longevity and performance stability of screw rods, focusing on factors like operational stability and precision maintenance [17][24]. - **Investment Opportunities**: There are significant investment opportunities in screw rod processing equipment, including heat treatment furnaces and specialized grinding machines, as demand for high-precision components increases [34][35]. - **Market Dynamics**: The high-end market is currently dominated by Japanese and Taiwanese manufacturers, indicating potential for domestic companies to capture market share through technological advancements [28][35]. Conclusion The screw rod industry presents a promising landscape for investment and growth, driven by technological advancements and increasing demand across various sectors. Companies that can navigate the complexities of manufacturing and maintain high standards of quality are likely to succeed in this competitive market.