SIASUN(SZ:300024)2025-08-20 14:49Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the robotic screw rod industry, highlighting its evolution towards higher load capacity and precision, which are essential for complex robotic movements and precise control [1][3]. Core Insights and Arguments - Product Evolution: Robotic screw rods are iterating towards higher load and precision, becoming core components for robots to achieve micron-level displacement control [1]. - Planetary Roller Screw Rods: These rods have a contact area that is 3 to 6 times larger than that of ball screws, meeting the high dynamic load requirements of robotic joints, with a transmission efficiency of up to 90% [1][5]. - Manufacturing Challenges: The main difficulty lies in internal thread processing, with various methods being explored to enhance efficiency, including multi-line grinding and cold forging techniques [1][6]. - Market Expansion: The industry is experiencing both target and category expansion, with companies from related fields entering the market and applications extending from body joints to arms and hands [2]. Future Trends - Competitive Landscape: In the next one to two years, companies that can break through in equipment and processes will enjoy premium pricing advantages. The demand for four-cylinder components in the automotive sector is also expected to grow rapidly [7]. - Investment Opportunities: Companies such as Zhejiang Rongtai, Fuda Co., Longtai Co., and Shuangling Co. are highlighted as promising investment targets due to their stable growth and strategic expansions [8][9]. Additional Important Insights - Acquisitions and Investments: Key targets for acquisitions in the domestic robotic industry include Shenzhen Tengzhan Machinery, Beifang Machinery, and Zhenyu Technology, with expectations for partnerships and small batch deliveries by the end of the year [10]. - Small-cap Companies: Smaller companies like Niutai Ge and Zhengyu Industrial are actively developing quality products, with expectations for short-term product launches [11]. - New Developments in Technology: The emergence of cold rolling technology is expected to enhance the production of high-precision screw rods, with potential recognition from domestic manufacturers [12]. - Market Differentiation: There is a noticeable differentiation among major manufacturers in terms of capabilities and customer engagement, particularly with core enterprises deepening collaborations with North American and domestic leading manufacturers [13].