博众精工20241128

Company and Industry Summary Company Overview - The company is engaged in the humanoid robot assembly outsourcing business, with order amounts reaching 20-30 million yuan this year, expected to increase to over 100 million yuan next year, with a unit price of approximately 100,000 yuan [2][3] Key Points and Arguments Humanoid Robots - The company collaborates with a domestic humanoid robot company for assembly outsourcing, completing several hundred units this year, with total order amounts reaching 20-30 million yuan [3] - Anticipates an increase in order volume to over 1,000 units next year [3] - Involved in producing components for humanoid robots, such as six-force sensors, with related orders amounting to 5-6 million yuan this year [3] Flexible Robots - The company has developed a flexible robot, the "Little Horse Head" robot, which is currently in the R&D stage and may be applied in unmanned factories in the future [4] - A battery swapping robot has been delivered to clients like Luxshare and Foxconn, with a few orders received, and profit margins similar to the 3C business [4] New Energy Vehicle Automation - The new energy vehicle automation team has secured its first project worth over 10 million yuan, with a total project scale of around 100 million yuan, and is negotiating additional projects totaling 20-30 million yuan [5] - The gross margin for the new energy business segment exceeded 25% in the first three quarters, with some high-margin projects reaching over 30% [5] Low-altitude Economy - The low-altitude economy business includes a partnership with China Telecom's unmanned technology for a project involving 500 drone automatic airports, currently in the bidding stage [6] - Each drone airport is valued at approximately 200,000 yuan, with potential for additional orders in the future [6] Semiconductor Business - The semiconductor business outlook for next year is optimistic, with expectations of 40-50 customized equipment orders totaling over 100 million yuan [7] - If order volumes increase and achieve economies of scale, this segment is expected to turn profitable [7] Additional Important Information - The company is actively diversifying into multiple high-tech fields, including humanoid robots, flexible robots, new energy vehicle automation, low-altitude economy, and semiconductors, showcasing a diversified development strategy [2] - The overall gross margins for the company's business are generally high, with some projects exceeding 30%, indicating strong profitability and market competitiveness [2]