巨轮智能（002031.SZ）9月24日在投资者互动平台表示，公司的减速器超过40个机型，包括 E/T/C三个 大类，负荷满足6KG至900KG的客户应用需求。公司获得机器人减速机CR产品认证证书，是国内首批 获得该认证的两家企业之一，且每年都顺利通过CR认证复核检查。超过半数的减速器型号已经被客户 批量试用和采购，并且获得用户的好评。公司XT减速器正在进一步开展细化和轻量化研发工作，为产 品积极寻找应用场景。公司股价波动受多种因素影响，不存在您所说的情况。 （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：公司减速器是否有实际应用于机器人，新型XT减速器 内部测试开始量产销售了吗？ ...

Core Insights - The company held an earnings briefing on September 19, discussing its advancements in high-end industrial equipment and strategic collaborations [1] Group 1: High-End Industrial Equipment Development - The company is expanding its product range and enhancing performance to attract customers in the high-end industrial equipment sector [1] - The XT reducer developed for humanoid robots meets lightweight requirements, improving rigidity, precision, and lifespan [1] - The chairman was elected as a director of the Guangdong Artificial Intelligence and Robotics Industry Alliance, contributing to industry development [1] Group 2: Collaborations and Market Expansion - The company is strengthening communication with OPS and has established a joint venture to develop local machine models [1] - Multiple high-standard projects are expected to be awarded in the first half of 2025, with joint development of CNC equipment for the planetary roller screw industry [1] Group 3: Technological Innovations - The company launched an "Intelligent Servo Hydraulic Vulcanizing Machine" to align with the trends of intelligent and green tire vulcanization, offering higher precision and lower energy consumption [1] - A low-carbon electromagnetic heating tire vulcanization system was also introduced to support tire vulcanization upgrades [1] Group 4: R&D Investments - R&D investment reached 18.09 million yuan in the first half of 2025, a year-on-year increase of 17.08% [1] - The focus is on digitalization, intelligence, and greening, with several high-end technology R&D projects underway [1] Group 5: Automotive Tire Equipment Business - The company is recognized as a leading intelligent equipment provider, aiding domestic tire manufacturers in expanding into Southeast Asia [1] - It has been designated as a "Key Backbone Mold Enterprise" in China [1] Group 6: Emerging Tire Mold Market - The company is developing new structural molds and process technologies to meet the demands of high-performance and new energy vehicle tires [1] - Electric heating tire molds are also in development, with plans for trial production [1] Group 7: Reducer Developments - The XT reducer is undergoing refinement and lightweight development, with over 40 models certified for robot reducers [1] - More than half of the models have received positive feedback from customers [1] - The reducer can handle loads from 6 kg to 900 kg, with many models already in trial use and procurement [1] Group 8: Financial Performance - The company reported revenue of 412 million yuan in the first half of the year, with a year-on-year decline in sales and gross profit due to economic conditions [1] - The company remains committed to high-quality development in high-end industrial equipment [1] Group 9: Financial and Risk Management - The company maintains good cooperation with financial institutions and has a repayment plan for interest-bearing debts, indicating controllable financial risks [1] - The company aims to continue its transformation and upgrade in the second half of the year to solidify traditional industries and enhance performance [1] Group 10: Other Relevant Issues - Currently, there are no collaborations established with Yushu Technology or Huawei [1] - The stock price is influenced by various factors, and shareholder stock pledges are personal actions [1] - The testing and mass production progress of the XT reducer is ongoing, with customer collaboration information to be disclosed publicly [1]

Group 1: Company Performance and Financials - In the first half of 2025, the company achieved operating revenue of 412 million, reflecting a decline in sales revenue due to global economic slowdown and trade barriers [8] - R&D investment in the first half of 2025 was 18.09 million, an increase of 17.08% year-on-year [5][10] - The company is focused on maintaining a healthy and stable development trajectory despite challenges [8][10] Group 2: Product Development and Innovations - The company has made significant advancements in the development of the XT reducer, which is designed for humanoid robots, enhancing rigidity, precision, and lifespan [3][12] - The introduction of the "smart servo hydraulic vulcanizing machine" aims to meet the increasing demands for high efficiency and energy-saving in tire manufacturing [4][5] - The company has developed several new structures for tire molds to meet the rising standards of high-performance and electric vehicle tires [5] Group 3: Market Position and Collaborations - The company has established a joint venture with OPS to develop localized machine models for the Chinese market, targeting new growth opportunities [3] - The company has been recognized as a key backbone mold enterprise by the China Mold Industry Association [5] - The XT reducer has received CR product certification, making the company one of the first in China to achieve this, enhancing its competitive edge in the market [12] Group 4: Future Outlook and Challenges - The company is actively seeking to address short-term debt risks and ensure cash flow stability through established relationships with financial institutions [9] - There are ongoing efforts to enhance product performance and expand market reach, particularly in the humanoid robot sector [8][12] - The company aims to continue its transformation towards high-end industrial equipment while solidifying its traditional business foundations [10]

Market Overview - On September 2, the A-share major indices collectively adjusted, with a total trading volume of 2.91 trillion yuan, an increase of 134.8 billion yuan compared to the previous trading day [1] - The CPO concept experienced a significant pullback, while sectors such as communication equipment and semiconductors saw substantial declines. Conversely, the banking, precious metals, and robotics sectors rose against the trend [1] Stock Performance - A total of 44 stocks hit the daily limit up, with 13 stocks achieving consecutive limit-ups. The limit-up rate was 52% (excluding ST and delisted stocks) [3] - Notable stocks included Tianpu Co., which achieved an 8-day consecutive limit-up, and robotics concept stocks like Kosen Technology and Kaidi Co., which had 7 and 5 consecutive limit-ups, respectively [3] Key Stocks and Trading Data - Tianpu Co. reached a price of 57.10 yuan, with a 10% increase and an 8-day consecutive limit-up [4] - Changchun High-tech reported a 10% increase to 124.71 yuan, with a trading volume of 27.34 billion yuan and a turnover rate of 5.53% [6] - Supply and Marketing Cooperative achieved a 9.84% increase to 2.68 yuan, with a trading volume of 20.67 billion yuan [6] Institutional Trading - The top three net purchases on the daily leaderboard were Jilun Intelligent, Changchun High-tech, and Supply and Marketing Cooperative, with net purchases of 437 million yuan, 275 million yuan, and 258 million yuan, respectively [5] - The top three net sales were Hengbao Co., Wolong Electric Drive, and Liou Co., with net sales of 537 million yuan, 494 million yuan, and 259 million yuan, respectively [5] Sector Highlights - Wolong Electric Drive is focusing on humanoid robots and has reported a 36.76% year-on-year increase in net profit for the first half of 2025, amounting to 537 million yuan [17] - Changchun High-tech's revenue for the first half of 2025 was approximately 6.60 billion yuan, a year-on-year decline of 0.54%, with a net profit of about 983 million yuan, down 42.85% [10] - Supply and Marketing Cooperative is positioned as a national urban-rural circulation infrastructure operator, with a focus on smart supply chain transformation and a 105.47% year-on-year increase in online retail revenue for its commodity trading business in 2024 [13]

Group 1 - Company Giant Wheel Intelligent (巨轮智能) is currently developing CNC equipment in collaboration with OPS Company, targeting the planetary roller screw industry, and is in the phase of dual promotion in both Chinese and overseas markets [1] - OPS-Ingersoll has over 60 years of experience in manufacturing electric discharge machining (EDM) machines and over 20 years in high-speed machining centers, making it a leading manufacturer in these fields with a strong presence in the mold industry [1] - OPS has established a production base in Guangdong, China, in partnership with Giant Wheel Intelligent since 2012, focusing on the development and manufacturing of Industry 4.0 automation equipment and CNC machines [1] Group 2 - In May of this year, Giant Wheel Intelligent established a wholly-owned subsidiary, OPS Machine Tool (Guangdong) Co., Ltd., which focuses on the manufacturing and sales of metal cutting machine tools and CNC machine tools [2] - Planetary roller screws are increasingly used in industrial applications due to their compact size, high precision, and durability, particularly in humanoid robots as core components for high-precision motion control [2] - The high precision requirements for planetary roller screws currently lead to reliance on imported high-end processing equipment from Germany and Japan, and the new CNC equipment from Giant Wheel Intelligent is expected to fill the gap in domestic production [2] Group 3 - The introduction of the planetary roller screw CNC equipment is part of Giant Wheel Intelligent's strategy to expand its product offerings in the humanoid robot components market, following the XT reducer [3] - The company plans to intensify market development for its planetary roller screw CNC equipment and XT reducers, and has signed a cooperation agreement with Roshen Group to accelerate the overseas market expansion of its reducer products [3] - Giant Wheel Intelligent will jointly promote the planetary roller screw CNC equipment with OPS Company in both Chinese and overseas markets [3]

Group 1 - The company is actively seeking application scenarios for its newly developed XT reducer [2] - The XT reducer is currently undergoing further refinement and lightweight development [2] - The company responded to an investor inquiry regarding the application of the XT reducer at the Beijing World Humanoid Robot Conference [2]

Core Viewpoint - The article highlights the advancements and achievements of Jilun Intelligent in the field of tire molds and industrial robotics, emphasizing its goal to become a leader in the RV reducer market in China. Group 1: Company Overview - Jilun Intelligent was established in 1992 and has developed four high-end business segments: tire molds, tire vulcanizing machines, industrial robots, and precision machine tools [4][5]. - The company became the first listed tire mold manufacturer in China in 2004, achieving a technology level comparable to international peers in the tire mold sector [6][9]. Group 2: Technological Innovations - The key to the robot lion dance performance is the RV reducer installed at the joints, allowing for flexible movements comparable to human performers [4]. - Jilun Intelligent's new "low-carbon electromagnetic heating tire vulcanization system" is set to revolutionize the vulcanization process, ensuring consistent quality across the tire [14]. Group 3: Market Position and Goals - Jilun Intelligent aims to become the leading company in the RV reducer sector in China within the next ten years, with its RV reducer technology already matching that of industry leaders [15]. - The company has received CR product certification for its RV reducers, becoming one of the first domestic companies to achieve this [15]. Group 4: Industry Insights - The tire mold industry is characterized as a technology-intensive sector, with China currently having no significant shortcomings in this field [5]. - The global humanoid robot market is projected to exceed 400 billion yuan by 2035, indicating significant growth potential for related technologies [18].

Group 1 - The core focus of the article is on the advancements made by Giant Wheel Intelligent Equipment Co., Ltd. in the field of RV reducers, which are critical components for industrial robots, breaking the foreign monopoly in this sector [2][3] - Giant Wheel Intelligent has developed over 30 types of RV reducers, filling the gap in China's ability to conduct durability testing for these components, thus aligning with international standards [2] - The company is increasing its R&D efforts in humanoid robots, specifically targeting the development of micro high-precision reducers that can withstand high torque and precision requirements [2][3] Group 2 - The newly developed XT reducer for humanoid robots significantly reduces weight while offering long lifespan, rigidity, and overload capacity, addressing issues related to gear slipping under impact [3] - The Guangdong provincial government is actively supporting the development of artificial intelligence and robotics industries through various policy measures, which Giant Wheel Intelligent is leveraging to enhance its technological innovation capabilities [3] - The future outlook for the humanoid robot market is promising, with Giant Wheel Intelligent aiming to establish itself as a leading high-end equipment R&D and manufacturing base, contributing significantly to the development of China's robotics industry [3]

Group 1 - The humanoid robot industry is accelerating its development, with multiple companies and innovation centers announcing new products and services [1] - The Chinese government has included "embodied intelligence" and "intelligent robots" in its national strategic deployment, aiming to foster future industries and promote industrial integration [1] - Guangdong province is projected to produce over 240,000 industrial robots in 2024, representing a year-on-year growth of 31.2% and accounting for over 40% of the national total [1] Group 2 - Jilun Intelligent is a core enterprise in the production of robot reducers in Guangdong, with its RV reducers meeting international advanced technical standards [2] - The newly developed XT reducer for humanoid robots aims to significantly reduce weight while providing long lifespan and overload capacity, addressing issues with existing reducers [2] - Jilun Intelligent plans to focus on the research and industrialization of core components like reducers, leveraging its integrated development advantages in key components and automation [2]