UNICUTH1智能割草机器人
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中坚科技(002779)公司点评报告:1X发布全新家用人形机器人 公司具身智能业务加速发展
Xin Lang Cai Jing· 2025-10-29 08:41
Group 1 - The company has strategically invested in 1X Technologies, which has launched a new home humanoid robot named NEO priced at $20,000, with a monthly subscription of $499, showcasing capabilities like taking out the trash and organizing clothes, with delivery expected to start in 2026 [1] - The company aims to benefit significantly as a domestic supplier for 1X, enhancing business collaboration and supply chain capabilities through this partnership [1] - The company is planning to issue shares on the Hong Kong Stock Exchange to further expand its international strategy, optimizing its overseas business layout and enhancing its financing capabilities [1] Group 2 - For the first three quarters of 2025, the company reported revenue of 649 million yuan, a year-on-year increase of 4.45%, with Q3 revenue at 146 million yuan, up 1.67% year-on-year, indicating a sustained growth trend [2] - The gross margin for the first three quarters was 28.05%, an increase of 1.66 percentage points year-on-year, while R&D expenses accounted for 9.96% of revenue, up 4.23% year-on-year, reflecting increased investment in embodied intelligence [2] - The company is transitioning from a traditional tool manufacturer to a provider of intelligent robot solutions, focusing on products like the UNICUTH1 smart lawn mower and the Lingrui P1 quadruped robot, which is already being applied in high-value scenarios such as public safety [2] Group 3 - Revenue projections for the company are estimated at 1.076 billion yuan in 2025, 1.68 billion yuan in 2026, and 2.17 billion yuan in 2027, with net profits expected to be 59 million yuan, 157 million yuan, and 214 million yuan respectively [2] - The company is closely collaborating with industry giants like NVIDIA, Huawei, and 1X, positioning itself to benefit from the accelerating trends in the robotics industry [2]