（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：公司胎压监测传感器和其他传感器一年出货多少？公 司在大规模传感器量产方面在国内有哪些明显优势？机器人力传感器领域是否可以复用？ 保隆科技（603197.SH）12月26日在投资者互动平台表示，投资者您好，感谢您的关注。公司在各类智 能传感器量产方面的优势，核心是规模与成本、车规级智造、平台化研发与客户生态、全球供应链与质 量体系的四维协同，叠加车规级功能安全与极端工况可靠性，支撑业务规模快速提升。公司预计今年 TPMS传感器、车身/底盘传感器和摄像头的出货量分别约为7600万支、4500万支和700万颗，总计收入 规模超约40亿元。机器人传感器方面的进展，请关注公司后续公告或公众号发布，谢谢！ ...

Group 1: Company Performance - In Q3 2025, the company achieved a revenue of 3.02 billion yuan, representing a year-on-year growth of 19.97% [2] - The net profit for the same period was 32.34 million yuan, with a year-on-year increase of 33.65%, indicating that net profit growth significantly outpaced revenue growth [2] Group 2: Business Strategy and Market Position - The company has optimized its revenue structure, focusing on high-margin products such as sensors and commercial vehicle sales, which have shown stable growth [2] - The company has established production bases in China, the US, Europe, and Thailand to adapt to international trade policy changes, particularly in response to the recent trade agreement between the US and Thailand [2] Group 3: Technological Development - The company is collaborating with partners to develop reasoning chips, with plans to begin market rollout in Q1 2026 [2] - A joint research center has been established with Zhejiang University to enhance the development of embodied intelligence applications [2] Group 4: Competitive Advantage - The company's products have a higher gross margin compared to competitors like Baolong Technology, primarily due to its focus on the aftermarket with programmable sensors that cover over 95% of global vehicle models [2]

Core Insights - The report highlights the potential of small nucleic acid drugs in the weight loss market, focusing on two key targets: INHBE and ALK7, which are involved in fat metabolism regulation [5][11][12] - The UCO-SAF industry is experiencing tight supply and increasing prices due to high global demand and reduced overseas supply, with significant profit margins for SAF in China [6][17][18] - The company, Daotong Technology, is recognized as a global leader in digital repair, with strong growth prospects in its AI and robotics solutions, maintaining a "buy" rating [7][21][22] Industry Analysis - The small nucleic acid drug sector is positioned to address unmet clinical needs in weight management, with promising data from ongoing trials [12][13][14] - The SAF market is expected to grow rapidly due to increasing global demand and regulatory support, particularly in Europe and China, despite challenges in overseas supply [17][18] - The digital repair market is expanding, driven by regulatory requirements for TPMS installation and a growing vehicle population, with Daotong Technology poised to capitalize on this trend [21][24][25] Company Insights - Arrowhead and Wave are leading the development of small nucleic acid drugs, with upcoming trial data expected to provide insights into their efficacy and safety [12][14] - Frontline Bio is enhancing its competitive edge through a diversified pipeline that includes innovative drugs and high-end generics, with a focus on HIV treatment [8][27][28] - Daotong Technology's recent achievements in North America solidify its market leadership and open new opportunities in emerging markets [21][22][25]

Core Insights - The company reported strong revenue and profit growth in the first half of 2025, driven by its sensor and digital information control equipment business [1][2] - Revenue reached 594 million yuan, an increase of 8.15% year-on-year, while net profit attributable to shareholders was 94.775 million yuan, up 56.60% [1] - The sensor and digital information control equipment segment saw a significant revenue increase of 65.61%, reaching 196 million yuan [1] Business Performance - The metal hose business, a traditional stronghold for the company, generated 305 million yuan in revenue, benefiting from solid competitive barriers [2] - The company’s full subsidiary WMHG is the only global provider of strip-wound welded hose airtight solutions, serving major clients like Volvo and Daimler [2] - The demand for high-specification airtight metal hoses is expected to rise with the implementation of stricter emission standards in China and Europe [2] Research and Development - The company increased its R&D expenditure to 23.8279 million yuan, a growth of 7.63%, focusing on new product development such as low-power NLP sensors and Bluetooth air monitoring sensors [2] - A collaboration with Zhejiang University aims to establish a joint R&D center for embodied intelligent perception technology, with feasibility studies expected to be completed in 2-3 months [2] - An exclusive sales and cooperation contract was signed with Shanghai Shenming Aosi Semiconductor Technology Co., Ltd. for the development and sale of boards based on the Fellow 1 model chip [2] Future Outlook - The company plans to focus on its two core businesses: sensors and digital information control equipment, and metal hoses, while expanding its domestic and international market presence [3] - There is an emphasis on advancing embodied intelligent perception technology and new production capacity to achieve breakthroughs in automotive electronics and robotics [3]

Group 1: Company Overview and Performance - The company expects a net profit attributable to shareholders for the first half of 2025 to increase by 45% to 65% compared to the same period last year [1] - The growth in the sensor and digital information control equipment business is the primary contributor to the net profit increase [1] Group 2: Research and Development Initiatives - The company has established a joint R&D center with Zhejiang University, focusing on embodied intelligence [2] - A feasibility report for major projects and four alternative projects is expected to be completed within 1-2 months [2] Group 3: Competitive Advantages - The company's TPMS sensors cover over 95% of global vehicle models, providing a strong competitive edge and brand recognition in the market [2] - The TPMS sensors primarily generate revenue from the aftermarket, which has higher profit margins and better cash flow compared to the OEM market [2] - The NLP sensors are designed to reduce power consumption and are easier to install, significantly lowering installation and maintenance costs for fleets [2]

Group 1: Company Overview and Market Focus - The company introduced its history, development strategy, and main business operations during the investor relations activity [1] - The company focuses on the TPMS aftermarket due to regulatory requirements in China, which mandates the installation of TPMS on M1 class vehicles starting from January 1, 2019 [2] - The company's TPMS sensors have a gross margin significantly higher in the aftermarket compared to the original equipment market, attributed to covering over 95% of vehicle models and establishing brand advantages in foreign markets [2] Group 2: Product Competitive Advantages - The decoupling pipe system is crucial for vehicle exhaust systems, designed to absorb various movements and vibrations while ensuring no leakage of exhaust gases [2] - The company holds a global market share exceeding 30% in the decoupling pipe system sector, recognized as an industry leader with long-term partnerships with major commercial vehicle manufacturers [2] Group 3: Risk Management Strategies - The company has established a foreign exchange risk management mechanism to safeguard assets and manage external trading risks [2] - A detailed foreign exchange risk management policy is in place, allowing the company to engage in foreign exchange derivative transactions for cost locking and risk mitigation [2]

Group 1 - The company has successfully developed commercial vehicle fleet clients in China, such as Shentong Logistics and Baifa Logistics, and has begun small-scale installation testing [2] - The domestic fleet management demand is growing, but development is slow due to the industry's growth stage and lack of policy requirements; however, the domestic fleet is expected to become a significant source of business growth in the future [2] - The company disclosed that the value of its complete equipment supplied to the European and American markets is approximately 2000-3000 yuan per vehicle [2] Group 2 - The high gross margin of the company's TPMS sensors is attributed to their revenue primarily coming from the aftermarket, with general programmable TPMS sensors that require higher technical content [3] - Unlike the OEM market where products are specific to one vehicle model, the aftermarket TPMS products need to adapt to various vehicle models, leading to higher gross margins [3] - The company's TPMS sensors cover over 95% of vehicle models globally, providing a competitive advantage and strong brand recognition in the industry [3]

Group 1: Company Overview - The company’s history, development strategy, and main business were introduced by Secretary Li Bin during the investor relations activity [2] - The company has successfully developed commercial vehicle fleet clients in China, such as Shentong Logistics and Baifa Logistics, and has begun small-scale installation testing [2] Group 2: Product and Market Insights - The price of the commercial vehicle sensor set (including digital information control devices and sensors) ranges from ¥2,000 to ¥3,000 [2] - The company’s TPMS sensors cover over 95% of vehicle models globally, providing a competitive advantage and brand recognition in the market [2] Group 3: Financial Performance and Strategy - The company’s high gross margin is attributed to technological barriers and channel advantages, including partnerships with well-known foreign fleet service providers [2] - Currently, there are no plans for refinancing [3] Group 4: Research and Development - A joint research center with Zhejiang University was established to focus on intelligent automotive pressure sensors and AI sensors, with the project currently in the feasibility research stage [2]