XZB(SH:603040)2025-05-14 03:55Summary of Key Points from Conference Call Records Industry Overview - The focus is on the robotics industry, particularly in the context of service consumption and elderly care, with a significant financial initiative of 500 billion yuan for service consumption and elderly care re-loans expected to accelerate the deployment of robots in these sectors [5][6]. Core Insights and Arguments - The People's Bank of China, along with other regulatory bodies, has introduced a financial policy package aimed at stabilizing the market, which includes the establishment of a 500 billion yuan re-loan for service consumption and elderly care [5]. - Li Lujing from Fangzheng Securities believes that the robotics sector is gradually enhancing its operational capabilities to meet the growing demand for health and wellness solutions due to an aging population. The pace of implementation is expected to accelerate with policy support [5]. - According to the World Health Organization, the global population aged 60 and above is projected to reach 2.1 billion by 2050, indicating a sustained increase in demand for health and wellness services [5]. - Elderly individuals often face mobility limitations and daily living challenges, creating a significant opportunity for elderly care robots to improve their quality of life [5]. Company-Specific Developments - New Coordinates has announced plans to establish a subsidiary, Hangzhou Jiuyueba Precision Transmission Technology Co., Ltd., with a total investment of approximately 500 million yuan. The company will hold a 77% stake in this subsidiary [7]. - The subsidiary will focus on the research, production, and sales of precision transmission components, such as rolling ball screws, with strong complementary strengths among the shareholders [7]. - Li Jinjing from Dongxing Securities is optimistic about this investment, highlighting the potential for breakthroughs in the screw rod sector due to the combined expertise of the three shareholders [7]. - Profit forecasts for New Coordinates indicate expected net profits of 246 million yuan, 285 million yuan, and 331 million yuan for the years 2025 to 2027, with corresponding price-to-earnings ratios of 25, 22, and 19 respectively [7]. Risk Factors - Risks associated with the robotics sector include: - The potential for humanoid robot applications to not meet expectations [7]. - The slower-than-expected cost reduction of core components for humanoid robots [7]. - Challenges in the training processes for robotic systems [7]. - For New Coordinates, risks include: - Lower-than-expected automotive demand [7]. - Insufficient promotion of company products [7]. - Significant increases in the prices of key raw materials [7]. Additional Important Information - The conference call also noted the adjustment of personal deposit rates by Xinjiang Korla Fumin Village Bank, indicating a trend of interest rate inversion in the banking sector [2]. - The stock performance of related companies showed mixed results, with New Coordinates increasing by 6.24%, while others like Weisi Medical and Explorer experienced slight declines [8].