（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问阿凡达车轮与铝合金车轮竞争有什么优势？会全 面替代市场上的钢轮吗？ 金固股份（002488.SZ）12月12日在投资者互动平台表示，公司研发的阿凡达铌微合金新材料具有强度 高、韧性好、成本低、碳排放量低的优点。该材料经阿凡达工艺处理后，强度最高可达2000MPa，约为 钛合金的2倍、铝合金的5倍，能有效实现减重、降本、降碳。阿凡达低碳车轮会逐步替代传统车轮。 ...

每经AI快讯，有投资者在投资者互动平台提问：请问以阿凡达铌微合金为基础，公司新材料产业的发 展有什么规划，形成什么样的材料集群？ 金固股份（002488.SZ）12月12日在投资者互动平台表示，公司研发的阿凡达铌微合金新材料已在车轮 行业大规模量产应用，同时公司设立"杭州金固具身智能科技有限公司"和具身智能事业部，推进具身智 能领域产品开发，如机器人结构件产品等。未来公司不断迭代升级材料配方，积极探索阿凡达铌微合金 材料在产业升级行业领域的应用与落地。此外，公司在其他金属材料，如镁合金、铝合金等，复合材料 领域如改性塑料、碳纤维等进行布局。 （记者 王晓波） ...

Group 1: Company Overview - Zhejiang Jingu Co., Ltd. was listed on the Shenzhen Stock Exchange in 2010 and is a leading manufacturer in the wheel manufacturing industry in China [2] - The company is transitioning from a traditional parts manufacturer to a new materials solution provider, driven by advanced material technology [2][3] Group 2: Material Technology and Strategic Upgrade - The company has developed the "Avatar" niobium micro-alloy material, which has a maximum strength of 2000 MPa, approximately twice that of titanium alloys and five times that of aluminum alloys, enabling weight reduction and cost savings [2][3] - Continuous investment in R&D has led to iterative upgrades of the Avatar material, expanding into other metal materials, composite materials, and modified plastics [3] Group 3: Automotive Parts Business Growth - The company is a significant player in the automotive wheel industry, leveraging its unique "Avatar low-carbon wheel" to establish a competitive advantage amid the trend towards automotive lightweighting [3] - The company has launched new product series, including "Gemini" and "Cybertron," aiming to cover a wide range of passenger vehicles from economy to mid-high-end models [3] - Rapid capacity expansion is underway with new production lines established in multiple domestic locations and overseas, including Thailand, to support performance growth [3] - The company has deepened partnerships with major domestic automakers like BYD and Changan, while also securing significant projects in international markets, with projected sales of $158 million from a U.S. project over five years [3] Group 4: Emerging Market Expansion - The company is strategically moving into the robotics industry, where lightweight, strong, and durable materials are essential for core components [4] - The electric two-wheeler market is expected to grow due to new safety regulations, prompting the company to apply its four-wheeler technology to this sector, which could significantly contribute to future performance [4] Group 5: Q&A Highlights - The Avatar niobium micro-alloy wheels are characterized by innovative design, lightweight, high precision, strength, better balance, enhanced deformation resistance, durability, and cost-effectiveness [5] - The company is actively collaborating with various enterprises in the robotics sector to enhance its competitive edge in high-end manufacturing [7]

Group 1: Company Overview - Zhejiang Jingu Co., Ltd. was listed on the Shenzhen Stock Exchange in 2010 and is a leading manufacturer in the wheel industry in China [2] - The company is transitioning from a traditional parts manufacturer to a new materials solution provider, driven by advanced material technology [2][3] Group 2: Material Technology and Strategic Upgrade - The company has developed the "Avatar" niobium micro-alloy material, which offers high strength (up to 2000 MPa), good toughness, low cost, and reduced carbon emissions [2][3] - The Avatar material is now in large-scale production in the wheel industry, aligning with national policies promoting high-end, intelligent, and green manufacturing [3] Group 3: Automotive Parts Business Growth - The company is a significant player in the automotive wheel sector, leveraging its unique "Avatar low-carbon wheel" to establish a competitive edge in the lightweight automotive trend [3] - Continuous R&D investment and capacity expansion are driving high-quality growth in the automotive parts business [3] - The company has established partnerships with major domestic automakers like BYD and Changan, and has secured significant projects in international markets, including a projected sales revenue of $158 million from a U.S. project over five years [3][4] Group 4: Emerging Market Expansion - The company is strategically entering the robotics industry, where lightweight and durable materials are crucial for key components [4] - The implementation of the "Electric Bicycle Safety Technical Specification" in September 2025 is expected to drive product upgrades in the electric two-wheeler market, presenting new opportunities for the company [4] Group 5: Production Capacity and Future Plans - As of last year, the company had five Avatar production lines, with plans to build or upgrade approximately eight more lines in various locations, including Thailand [4] - The company anticipates constructing around ten additional Avatar production lines by 2026, contingent on market demand and strategic deployment [4]

Core Viewpoint - Kingood Co., Ltd. is focusing on technological innovation and product development in the automotive wheel industry, highlighting its new material, Avatar niobium micro-alloy, which offers significant advantages in strength, toughness, cost, and carbon emissions reduction [1][2]. Group 1: Company Overview - Kingood Co., Ltd. is recognized as a high-tech enterprise specializing in the research, production, and sales of automotive wheels, and has been included in the "Specialized, Refined, Unique, and Innovative" enterprise list of Zhejiang Province [1]. - The company has established a comprehensive research and development system, emphasizing the importance of technological innovation [1]. Group 2: Product Development - The Avatar niobium micro-alloy material developed by the company is easy to process before treatment, significantly enhances strength after treatment, and can replace various metal materials, leading to weight reduction, cost savings, and lower carbon emissions [1]. - The Avatar low-carbon wheels have been successfully introduced into both passenger and commercial vehicle sectors, with several new energy vehicle companies already designated as clients [1]. Group 3: Market Expansion and International Business - Kingood Co., Ltd. has made significant progress in applying new materials in emerging fields such as embodied intelligent robots and low-altitude aircraft, with notable achievements in developing structural components for intelligent robots [2]. - The company has secured multiple overseas client projects, with some projects expected to generate sales in the hundreds of millions of dollars over their lifecycle, including a project with a leading global automotive company in the U.S. projected to generate approximately $158 million in sales over the first five years [2]. - A new production line for Avatar low-carbon wheels is set to be launched in Thailand by the end of 2024, with production expected to commence by the end of 2025, which is anticipated to drive rapid growth in international business [2].

Financial Performance - In the first half of 2025, the company achieved operating revenue of 2.123 billion yuan, a year-on-year increase of 10.04% [1] - The net profit attributable to shareholders was 30 million yuan, up 45.36% year-on-year, while the net profit excluding non-recurring items was 25 million yuan, reflecting a growth of 60.69% [1] - The main business of "automotive parts manufacturing" generated revenue of 1.391 billion yuan, a 20.61% increase year-on-year, with a gross margin of 18.56%, up 5.09% [1] Product Development and Market Expansion - The company is accelerating the international expansion of its core products, having secured multiple overseas customer projects with sales expected to reach hundreds of millions of dollars [2] - A significant project with a global leading automotive company in the U.S. is projected to generate approximately 158 million dollars in sales over the first five years [2] - The company's new material, the Avatar niobium micro-alloy, offers high strength, good toughness, low cost, and reduced carbon emissions, making it suitable for various applications [2] Strategic Collaborations and Innovations - The company has made significant progress in developing Avatar niobium micro-alloy structural components for intelligent robots, with sample performance exceeding customer standards [3] - Collaborations with companies like Ninebot, Zhishen Robotics, and Luming Robotics are ongoing, focusing on optimizing lightweight and strength requirements [3] - The establishment of specialized R&D teams aims to accelerate the industrialization of various new materials, with several projects expected to generate benefits soon [3]

Core Viewpoint - The strategic cooperation between Jingu Co., Ltd. and Luming Robot Technology aims to explore the application of Avatar niobium micro-alloy in quadruped and humanoid robots, enhancing the development of new materials for body components [1][2]. Group 1: Strategic Cooperation - Jingu Co., Ltd. signed a strategic cooperation framework agreement with Luming Robot Technology to jointly develop applications of Avatar niobium micro-alloy in robotic products [1]. - The cooperation will leverage Jingu's experience in new materials and manufacturing to assist Luming in upgrading equipment, processes, and supply chains for large-scale production [1][2]. Group 2: Material Advantages - The Avatar niobium micro-alloy developed by Jingu has high strength, good toughness, low cost, and low carbon emissions, with a maximum strength of 2000 MPa, which is about twice that of titanium alloys and five times that of aluminum alloys [2]. - The material's density is approximately 1.7 times that of titanium alloys and 2.9 times that of aluminum alloys, contributing to weight reduction, cost savings, and carbon emission reductions [2]. Group 3: Broader Applications - Jingu has successfully applied Avatar niobium micro-alloy in its main wheel hub products, gradually replacing traditional wheels [2]. - The material also has extensive application scenarios in other industries such as embodied intelligence and low-altitude economy, aligning with the company's strategic development and shareholder interests [2].

Core Viewpoint - JinGu Co., Ltd. reported its 2024 annual results and Q1 2025 performance, highlighting revenue growth but impacted net profits due to financial expenses related to strategic investments in its subsidiary, Hangzhou Avatar [1][2]. Financial Performance - In 2024, JinGu achieved a revenue of 3.358 billion yuan and a net profit attributable to shareholders of 23 million yuan, with a non-recurring net profit of 16 million yuan [1]. - For Q1 2025, the company reported a revenue of 888.7 million yuan, an increase of 8.48% year-on-year, with a net profit of 7.74 million yuan and a non-recurring net profit of 6.24 million yuan [1]. - The net profit for Q1 2025 would exceed 30 million yuan, representing a year-on-year growth of approximately 210% if excluding certain financial expenses [1]. Strategic Investments - Hangzhou Avatar raised 1.185 billion yuan through strategic investments at a pre-investment valuation of 2 billion yuan, which will enhance its low-carbon wheel production capacity and support international market expansion [2]. - The investment will facilitate the establishment of overseas production bases to provide competitive low-carbon products and services to global clients [2]. Research and Development - JinGu's R&D investment in 2024 was 86.75 million yuan, reflecting a year-on-year increase of 34.38%, emphasizing the company's commitment to innovation and product development [2]. - The company has developed a new niobium micro-alloy material that offers high strength, good toughness, low cost, and reduced carbon emissions, with potential applications in various industries [3]. Product Performance - The automotive parts manufacturing segment generated 2.278 billion yuan in revenue in 2024, with a year-on-year sales increase of 14.83% and a gross margin of 16.17%, up by 3.28% [3]. - The Avatar low-carbon wheels are recognized for their innovative design, lightweight, high strength, and durability, catering to various vehicle types and meeting customer demands [3]. Market Impact - JinGu's exposure to U.S. tariffs is minimal, as its U.S. business has been significantly reduced since facing anti-dumping and countervailing duties in 2018 [4]. - The company plans to continue expanding its Avatar low-carbon wheel production capacity and leverage new materials for applications in related industries such as robotics and low-altitude aircraft [4].