证券研究报告 | 公司深度 | 塑料 唯科科技(301196) 报告日期：2025 年 12 月 22 日 蓄势待发：精密注塑龙头，协同头部客户布局 MPO、人形机器人 ——唯科科技深度报告 投资要点 2）新能源汽车：行业长期向上趋势不改，公司新晋新能源 Tier 1。①行业： TrendForce 预测 2025、2026 年全球新能源汽车销量有望增长 25%、12%；② 公司：2024年并购宇科塑料成新能源汽车 Tier 1。宇科塑料客户包括比亚迪等。 3）家电家居：北美长期需求有支撑，海外扩产助力份额提升。①长期需求：i. 健康家电：2017~2024 年，中国家用空气净化器对美直接出口量 CAGR 约为 21%；ii. 户外家居：据 Statista，2023 年美国约 8500 万套住宅为独栋别墅。② 扩产信号：2024 下半年以来，公司四大海外基地中，有三个计划购买土地。 财务摘要 | [Table_Forcast] (百万元) | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业收入 | 1,819 | 2, ...

北京商报讯（记者 陶凤 王天逸）12月6日，唯科科技披露投资者关系活动记录表称，公司和全球无框力 矩电机知名企业尼得科、科尔摩根、THOMSON LINEAR 均是长期合作的客户，公司主要为其供应机 器人电机绝缘端部、齿轮马达和外壳等产品，这些产品主要采用PET加纤材料，具有力学性能好、耐刮 擦、耐腐蚀、绝缘性好、熔点高等特点，同时符合以塑代钢轻量化的趋势。另公司还和全球知名传动企 业DANFOSS和力纳克等企业合作开发自润滑性能良好的PEEK材料T型丝杆和PPS螺杆等产品；与丹麦 电脑液冷系统知名企业ASETEK合作开发了赛车AI模拟驾驶座舱、游戏电脑水冷散热器等核心注塑零部 件。以上产品均已实现批量化销售。 ...

（文章来源：每日经济新闻） 每经AI快讯，12月7日，唯科科技(301196.SZ)发布投资者关系活动记录表称，公司和全球无框力矩电机 知名企业尼得科、科尔摩根、THOMSONLINEAR均是长期合作的客户，公司主要为其供应机器人电机 绝缘端部、齿轮马达和外壳等产品，这些产品主要采用PET加纤材料，具有力学性能好、耐刮擦、耐腐 蚀、绝缘性好、熔点高等特点，同时符合以塑代钢轻量化的趋势。另公司还和全球知名传动企业 DANFOSS和力纳克等企业合作开发自润滑性能良好的PEEK材料T型丝杆和PPS螺杆等产品；与丹麦电 脑液冷系统知名企业ASETEK合作开发了赛车AI模拟驾驶座舱、游戏电脑水冷散热器等核心注塑零部 件。以上产品均已实现批量化销售。 ...

Group 1 - The company, Weike Technology, is focusing on the application of humanoid robots and has existing or potential technological reserves related to lightweight products such as joint motor components, PEEK screws, and PPS screws [1]

Group 1: Financial Performance and Profit Distribution - The company plans to maintain a profit growth target of 20% for 2025 compared to 2024, despite exceeding this growth in Q1 2025 [3][7] - The company has not distributed dividends since its listing and will consider a reasonable profit distribution plan based on actual operating conditions [3][7] Group 2: Mergers and Acquisitions Strategy - The company is actively seeking suitable and cost-effective acquisition targets, focusing on downstream assembly components such as automotive parts suppliers and micro motors [2][6][5] - There is an ongoing evaluation of potential acquisition targets, but no specific updates on due diligence have been provided [4][5] Group 3: Product Development and Market Position - The company is focusing on lightweight products for humanoid robots, with existing or potential technology reserves in components like joint motors and PEEK screws [2][6] - The electronic skin technology is still in the development stage, with no current demand for applications in companion robots [5][6] Group 4: Impact of Tariffs and Market Conditions - Tariffs have significantly impacted the company's direct exports to the U.S., leading to a shift of production capacity to countries like Vietnam and Mexico [3][12] - The company is experiencing increased inquiries from cross-border e-commerce clients due to tariff impacts, indicating a potential for new business opportunities [3][12]