未知机构：华泰电新曼恩斯特与宇树科技战略合作多成长曲线共振241225-20241226

Key Points Industry/Company Involved 1. Company: Lianfang Technology, Yutong Technology 2. Industry: Robotics, Solid-state batteries, Calcium钛矿, Display panels Core Views and Arguments 1. Lianfang Technology's Technical Strength: Lianfang Technology has deep technical expertise in intelligent mold head actuators, hollow cup motors, and frameless torque motor controllers [1][2]. 2. Yutong Technology's Market Position: Yutong Technology is one of the leading domestic robotics companies and has achieved commercialization in both humanoid robots and quadruped dogs [2]. 3. Strategic Cooperation: Lianfang Technology and Yutong Technology have signed a strategic cooperation agreement to collaborate on robotics hardware and software technology, as well as the industrialization of robotics [1][4]. 4. Yutong Technology's Product Launches: Yutong Technology has launched several products, including humanoid robot G1, quadruped dog B2-W, and has achieved significant market share in the global quadruped dog market [2]. 5. Performance Pressure: The company's performance is under pressure due to low downstream production rates and reduced capital expenditure意愿 in the traditional lithium battery field [2]. 6. Upcoming Performance Turnaround: The company expects a performance turnaround in the second half of 2025, driven by the recovery of downstream production rates, positive progress with Korean customers, and a 6-8 month revenue recognition period [3]. 7. Solid-state Battery Progress: The company has made progress in the front-end equipment for solid-state batteries, with orders for dry electrode mixing, fiberization, and roller pressing processes, as well as wet process orders from leading domestic solid-state battery companies [3]. 8. Calcium钛矿 Progress: The company has achieved the first domestic shipment of calcium钛矿 slot coating GW-level equipment and has received orders from Jiaodong, as well as orders for silicon calcium钛矿 tandem megawatt-level equipment from Huasheng and Guodian Investment [3]. 9. Display Panel Progress: The company has achieved breakthroughs in mold head and small-size coating machine orders, marking the 0-1 substitution of domestic products [3]. Other Important Content - Partnerships: The company has partnerships with companies such as BYD, CATL, and Huawei [2]. - Market Outlook: The company expects strong growth in the solid-state battery, calcium钛矿, and display panel markets [3].