Core Viewpoint - The automotive parts industry in A-shares is experiencing significant growth, evidenced by over 20 companies receiving important "designated orders" from major domestic and international manufacturers, highlighting the strong competitiveness of China's supply chain in the global automotive industry [1][2]. Group 1: Designated Orders - More than 20 A-share automotive parts companies have recently disclosed significant designated orders, indicating a direct reflection of industry prosperity [2]. - For instance, Tiancheng Zikong received a designated order for a passenger car seat assembly project from a leading domestic new energy vehicle manufacturer, with a projected production start in June 2026 and a total of 540,000 vehicles over the project's lifecycle [2]. - Dongruan Group announced a designated order for smart cockpit domain controllers from a major domestic automaker, with an estimated total value of approximately 5.6 billion yuan, expected to start production in the fourth quarter of 2026 [2][3]. Group 2: New Business Opportunities - Automotive parts companies are increasingly entering the humanoid robot sector, leveraging their expertise in precision manufacturing and intelligent control systems [4][5]. - Junsheng Electronics has launched new robotic products, including an AI head assembly and a new generation of energy management products, aiming to establish a comprehensive product matrix for robotic solutions [5]. - Companies like Jingu Co. are making significant progress in lightweight materials for humanoid robots, with their "Avatar" alloy technology showing promising results in third-party tests [5][6]. Group 3: Industry Transformation - The dual focus on solidifying traditional automotive business and accelerating new market entries into humanoid robotics represents a "dual-engine" development momentum for the automotive parts industry [6]. - This "second growth curve" not only signifies new revenue sources but also serves as a test of technological capabilities, marking a critical step for companies transitioning from "automotive parts suppliers" to "high-end intelligent manufacturing platforms" [6].

Core Insights - The company JinGu Co., Ltd. (002488.SZ) has made significant progress in the development of the Avatar niobium micro-alloy robot structural components project, with sample performance indicators meeting or exceeding customer standards [1] - The project has also resulted in substantial cost savings and is expected to achieve mass production and bulk supply within the year [1] - Recently, the company secured an order for bearing-related structural components from LuMing Robotics and is currently processing these orders [1]

9月3日，金固股份（002488）提交注册全资子公司"杭州金固具身智能科技有限公司"（以下称"金固具 身智能"），并同步组建了具身智能事业部。 金固股份表示，金固具身智能将作为公司拓展具身智能业务的核心平台，重点开展具身智能机器人（涵 盖人形机器人、四足机器人、服务机器人、专业应用机器人等）以及低空经济等新兴领域业务，依托公 司在新材料方面的技术积累，为机器人、低空飞行器等行业的客户提供大规模降本且兼具高性能、轻量 化效果的有效方案。 阿凡达铌微合金材料的跨界应用及优势 金固股份历时十余年研发出的独家革命性新材料阿凡达铌微合金具有强度高、韧性好、成本低、碳排放 量低的优点，产品的强度最高能达2000MPa，为钛合金的2倍左右、铝合金材料的5倍左右，密度为钛合 金的1.7倍左右、铝合金材料的2.9倍左右，可以替代铝合金、钛合金、普钢、高强钢等金属材料，能够 有效实现减重、降本、降碳的效果，具有广泛的应用场景。 近期，公司取得了鹿明机器人轴承相关结构件的订单，正为其进行加工生产。与智身机器人、九号公司 等企业合作的关键部件项目研发也正在顺利开展中，重点优化轻量化与强度需求场景。 此外，公司在其他金属材料、复合材料 ...

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]