Topband(SZ:002139)2025-09-05 09:06Group 1: Impact of Tariffs and Globalization - The company has established a global production base in Vietnam, India, Mexico, and Romania to mitigate the direct impact of tariffs on exports, achieving growth in the tools segment despite adverse conditions [2][3] - Short-term cost increases may arise from fixed asset investments and cross-regional supply chain coordination, but mid to long-term strategies include passing reasonable cost pressures to downstream customers [3][4] - Companies with mature overseas production capabilities and resilient supply chains are expected to gain long-term trust from major clients and capture market share amid supply chain integration [3][4] Group 2: Electric Tools Market Trends - The electrification and cordless trends are driving the penetration rate of electric tools, with the company focusing on high-value industrial and professional-grade products [4][5] - The company aims to expand its customer base and product categories to generate new incremental contributions [4][5] Group 3: Smart Automotive Business Growth - The acceleration of smart automotive trends is expected to increase demand for intelligent modules, with the company implementing strategies to expand both customer and product offerings [5][6] - The company’s laser radar motors are positioned as key components for L2+ level smart driving systems, with a focus on high precision and reliability [6][7] Group 4: Commercial Cooking Machines - The company’s commercial cooking machines utilize advanced control algorithms for precise temperature control and intelligent frying, holding multiple industry patents [8][9] - The market potential for commercial cooking machines is expanding due to rising demands for efficiency and standardization in the restaurant industry, particularly with the entry of major players like Meituan and JD [8][9] Group 5: Robotics Sector Strategy - The company offers a range of products in the robotics sector, including components and complete machines, with a focus on industrial and commercial applications [10] - The commercial cooking robot has seen a doubling in shipment volume, driven by the demand for cost reduction and efficiency in the restaurant industry [10] - The company is positioned to capture market share in humanoid robotics by focusing on core components and validating products for specific applications [10]