| 2026 年 03 月 02 日 | | | --- | --- | | 赵旭东 | | | H70556@capital.com.tw | | | 目标价(元) | 141 | 公司基本信息 | 产业别 | | 机械设备 | | --- | --- | --- | | A 股价(2026/3/2) | | 121.51 | | 上证指数(2026/3/2) | | 4162.88 | | 股价 12 个月高/低 | | 172/63.78 | | 总发行股数(百万) | | 90.83 | | A 股数(百万) | | 90.83 | | A 市值(亿元) | | 110.37 | | 主要股东 | | 上海步进信息 | | | | 咨询有限公司 | | | | (37.71%) | | 每股净值(元) | | 14.27 | | 股价/账面净值 | | 8.51 | | | 一个月 三个月 | 一年 | | 股价涨跌(%) | -15.4 | 23.0 25.9 | C o m p a n y U p d a t e C h i n a R e s e a r c h D e p t . 步科股份 ( ...

Group 1 - The core viewpoint of the news is that Buke Co., Ltd. has seen a stock price increase of 5.07%, reaching 131.89 CNY per share, with a total market capitalization of 11.98 billion CNY as of the report date [1] - Buke Co., Ltd. is located in the China (Shanghai) Pilot Free Trade Zone and was established on December 9, 2008, with its listing date on November 12, 2020 [1] - The company's main business involves the research, production, and sales of core components for industrial automation equipment and digital factory software and hardware, providing automation control and digital factory solutions [1] Group 2 - From the perspective of the top ten circulating shareholders, E Fund's ETF, the E Fund National Robot Industry ETF (159530), has entered the top ten shareholders, holding 969,400 shares, which is 1.15% of the circulating shares [2] - The E Fund National Robot Industry ETF (159530) was established on January 10, 2024, with a latest scale of 15.267 billion CNY, and has experienced a loss of 3.21% this year [2] - The fund managers, Li Shujian and Li Xu, have had varying performance records, with Li Shujian achieving a best return of 134.02% and Li Xu achieving a best return of 179.73% during their respective tenures [2]

Core Viewpoint - The stock of Shanghai Buke Automation Co., Ltd. has experienced fluctuations, with a recent decline of 2.21% and a market capitalization of 14.211 billion yuan, while the company shows significant revenue growth and profitability in recent financial reports [1][2]. Group 1: Stock Performance - As of January 20, the stock price of Buke shares is 156.45 yuan per share, with a trading volume of 62.9435 million yuan and a turnover rate of 0.48% [1]. - Year-to-date, the stock has increased by 2.59%, but has decreased by 3.72% over the last five trading days [1]. - Over the past 20 days, the stock has risen by 65.00%, and over the past 60 days, it has increased by 83.20% [1]. Group 2: Financial Performance - For the period from January to September 2025, Buke achieved a revenue of 509 million yuan, representing a year-on-year growth of 28.35% [2]. - The net profit attributable to shareholders for the same period was 44.5286 million yuan, reflecting a year-on-year increase of 37.54% [2]. Group 3: Shareholder and Dividend Information - Since its A-share listing, Buke has distributed a total of 160 million yuan in dividends, with 84 million yuan distributed over the past three years [3]. - As of September 30, 2025, the number of shareholders has increased by 23.05% to 7,650, while the average circulating shares per person decreased by 18.73% to 10,980 shares [2][3]. - Notable changes in institutional holdings include a decrease in shares held by major shareholders, with new entries such as the E Fund National Robot Industry ETF [3].

资料显示，上海步科自动化股份有限公司位于中国(上海)自由贸易试验区申江路5709号,秋月路26号3幢 北侧三楼，成立日期2008年12月9日，上市日期2020年11月12日，公司主营业务涉及工业自动化设备控 制核心部件与数字化工厂软硬件的研发、生产、销售以及相关技术服务,并为客户提供设备自动化控 制、数字化工厂解决方案。主营业务收入构成为：驱动系统69.15%，控制系统30.09%，其他0.77%。 从步科股份十大流通股东角度 1月12日，步科股份涨5.08%，截至发稿，报154.60元/股，成交5.02亿元，换手率4.14%，总市值140.43 亿元。 截至发稿，胡中原累计任职时间6年302天，现任基金资产总规模317.58亿元，任职期间最佳基金回报 382.68%， 任职期间最差基金回报-0.45%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，华商基金旗下1只基金位居步科股份十大流通股东。华商润丰混合A（003598）三季度增持 1 ...

Group 1 - The core viewpoint of the news is that Buke Co., Ltd. experienced a stock price increase of 5.45%, reaching 146.73 yuan per share, with a total market capitalization of 13.328 billion yuan [1] - Buke Co., Ltd. is located in the China (Shanghai) Pilot Free Trade Zone and was established on December 9, 2008. It specializes in the research, production, and sales of core components for industrial automation equipment and digital factory software and hardware [1] - The company's main business revenue composition includes 69.15% from drive systems, 30.09% from control systems, and 0.77% from other sources [1] Group 2 - Among the top ten circulating shareholders of Buke Co., Ltd., a fund under Yongying Fund holds a significant position. The Yongying Advanced Manufacturing Smart Selection Mixed Fund A (018124) reduced its holdings by 131,600 shares, now holding 4.0105 million shares, which is 4.77% of the circulating shares [2] - The Yongying Advanced Manufacturing Smart Selection Mixed Fund A was established on May 4, 2023, with a latest scale of 4.697 billion yuan. It has achieved a year-to-date return of 0.65% and a one-year return of 98.59% [2] - The fund manager, Zhang Lu, has a tenure of 6 years and 163 days, with the fund's total asset scale at 22.921 billion yuan. The best return during Zhang's tenure is 150.95%, while the worst return is -60.31% [3]

Group 1 - The core focus of the company is on robotics and its globalization strategy, leveraging GaN technology for servo drives to enhance performance and efficiency [1][2][37] - The company plans to establish local offices in key markets such as the US and Japan to mitigate geopolitical and trade risks, while building a local partnership network to enhance business resilience [2][37] - The company has developed various core components for humanoid robots, including frameless torque motors and joint modules, and has secured bulk orders from several clients [3][38] Group 2 - The company reported a revenue of 510 million yuan for the first three quarters of 2025, representing a year-over-year increase of 28.4%, with a net profit of 40 million yuan, up 37.5% [7][41] - In Q3 alone, the company achieved a revenue of 200 million yuan, a 41.3% increase year-over-year, and a net profit of 20 million yuan, reflecting a 96.2% growth [7][41] - The gross profit margin for the first three quarters was 35.2%, a decrease of 1.4 percentage points year-over-year, attributed to a higher proportion of lower-margin drive system revenue [12][46] Group 3 - The company has established a systematic risk management framework for domestic receivables, utilizing customer credit assessments and direct sales to manage collection risks [4][38] - The company is optimistic about the growth potential in the robotics sector, with sales in the robotics industry reaching 150 million yuan in the first half of 2025, a 55% increase year-over-year [12][46] - The company has slightly raised its profit forecasts for 2025, 2026, and 2027, expecting net profits of 70 million, 100 million, and 120 million yuan respectively, with corresponding year-over-year growth rates of 43%, 45%, and 20% [12][46]

Core Viewpoint - The stock of Shanghai Buke Automation Co., Ltd. has experienced fluctuations, with a year-to-date increase of 65.30% and a recent decline in the last 20 days [1][2]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 509 million yuan, representing a year-on-year growth of 28.35%, and a net profit attributable to shareholders of 44.53 million yuan, up 37.54% year-on-year [2]. - Cumulative cash dividends since the company's A-share listing amount to 160 million yuan, with 84 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 23.05% to 7,650, while the average circulating shares per person decreased by 18.73% to 10,980 shares [2]. - The top ten circulating shareholders include notable funds, with changes in holdings observed among several major shareholders [3]. Market Activity - On December 2, the stock price fell by 2.01% to 94.32 yuan per share, with a trading volume of 56.07 million yuan and a turnover rate of 0.70% [1]. - The company’s market capitalization stands at 8.567 billion yuan, with significant net outflows of funds observed [1].

Core Viewpoint - The stock of Buke Co., Ltd. has shown significant performance with a year-to-date increase of 57.71%, despite recent fluctuations in the short term [2] Company Overview - Buke Co., Ltd. specializes in the research, development, production, and sales of core components for industrial automation equipment and digital factory software and hardware [2] - The company was established on December 9, 2008, and went public on November 12, 2020 [2] - The main revenue sources are from drive systems (69.15%), control systems (30.09%), and other services (0.77%) [2] Financial Performance - For the period from January to September 2025, Buke Co., Ltd. achieved a revenue of 509 million yuan, representing a year-on-year growth of 28.35% [2] - The net profit attributable to the parent company was 44.53 million yuan, reflecting a year-on-year increase of 37.54% [2] Stock Performance - As of November 27, the stock price reached 89.99 yuan per share, with a market capitalization of 8.174 billion yuan [1] - The stock has experienced a recent increase of 2.26% during the trading session [1] - The stock has seen a 7.46% increase over the last five trading days, but a decline of 11.17% over the past 20 days [2] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 23.05% to 7,650 [2] - The average number of circulating shares per person decreased by 18.73% to 10,980 shares [2] Dividend Information - Buke Co., Ltd. has distributed a total of 160 million yuan in dividends since its A-share listing, with 84 million yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, notable institutional shareholders include Yongying Advanced Manufacturing Mixed Fund and Penghua Carbon Neutral Theme Mixed Fund, with changes in their holdings [3]

Group 1 - The core viewpoint of the news is that Buke Co., Ltd. has seen a stock price increase of 5.09%, reaching 88.72 yuan per share, with a total market capitalization of 8.059 billion yuan as of November 25 [1] - Buke Co., Ltd. specializes in the research, production, and sales of core components for industrial automation equipment and digital factory software and hardware, providing automation control and digital factory solutions [1] - The company's main business revenue composition includes 69.15% from drive systems, 30.09% from control systems, and 0.77% from other sources [1] Group 2 - Among the top circulating shareholders of Buke Co., Ltd., Yongying Fund's advanced manufacturing mixed fund A (018124) reduced its holdings by 131,600 shares, now holding 4.0105 million shares, which is 4.77% of the circulating shares [2] - The fund has achieved a year-to-date return of 62.2%, ranking 242 out of 8,136 in its category, and an annual return of 85.37%, ranking 57 out of 8,058 [2] - The fund manager, Zhang Lu, has a total fund asset scale of 22.921 billion yuan, with the best fund return during his tenure being 105.15% [3]

Group 1 - The core viewpoint of the news is that Buke Co., Ltd. has seen a stock price increase of 5.09%, reaching 88.72 yuan per share, with a total market capitalization of 8.059 billion yuan as of November 25 [1] - Buke Co., Ltd. specializes in the research, production, and sales of core components for industrial automation equipment and digital factory software and hardware, providing automation control and digital factory solutions [1] - The company's main business revenue composition includes 69.15% from drive systems, 30.09% from control systems, and 0.77% from other sources [1] Group 2 - Huashang Runfeng Mixed A Fund (003598) is among the top ten circulating shareholders of Buke Co., Ltd., having increased its holdings by 186,400 shares to a total of 572,100 shares, representing 0.68% of circulating shares [2] - The fund has achieved a year-to-date return of 72.33% and a one-year return of 79.62%, ranking 122 out of 8,136 and 103 out of 8,058 respectively in its category [2] - The fund manager, Hu Zhongyuan, has a total asset scale of 40.106 billion yuan, with the best fund return during his tenure being 337.64% [3]