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研报掘金丨中金:维持拓普集团“跑赢行业”评级 2025迎汽车+机器人共振

Research Reports Digging Gold | CICC: Maintain Ningbo Tuopu Group's "Outperform Industry" rating, anticipating a resonance of Autos + Siasun Robot&Automation in 2025.

Gelonghui Finance ·  Jan 7 15:28  · Ratings

Gelonghui, January 7 | A report from China International Capital Corporation points out that Ningbo Tuopu Group (601689.SH) is making small-scale acquisitions related to the industrial chain symbols, accelerating customer expansion, and will see a resonance between Autos and Siasun Robot&Automation in 2025. It is believed that the coordination value of a single robot's linear + rotational actuator is expected to reach tens of thousands of yuan, and as a core supplier in the joint actuator segment, the company is expected to gain a significant share. Contributions to performance are expected to start in 2025 and it is expected to become a second growth curve in the long term. The profit forecast for 2025 is maintained at 3.81 billion yuan, with an introduction of a profit forecast of 4.72 billion yuan for 2026. The rating of outperforming the Industry and the Target Price of 55.8 yuan are maintained.

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