证券代码：603119 证券简称：浙江荣泰 公告编号：2026-004 本次发行上市如果最终实施，发行对象将仅限于符合相关条件的境外投资者 及依据中国相关法律法规有权进行境外证券投资的境内合格投资者，公司将不会 在境内证券交易所的网站和符合监管机构规定条件的媒体上刊登该申请资料，但 为使境内投资者及时了解该等申请资料披露的本次发行上市以及公司的其他相 关信息，现提供该申请资料在香港联交所网站的查询链接： 中文： https://www1.hkexnews.hk/app/sehk/2026/108159/documents/sehk26012900751 _c.pdf 英文： https://www1.hkexnews.hk/app/sehk/2026/108159/documents/sehk26012900752. pdf 需要特别予以说明的是，本公告仅为境内投资者及时了解本次发行上市的相 关信息而作出。本公告以及本公司刊登于香港联交所网站的申请资料均不构成也 不得视作对任何个人或实体收购、购买或认购公司本次发行上市的 H 股的要约 或要约邀请。 浙江荣泰电工器材股份有限公司 关于向香港联合交易所有限公司递 ...

格隆汇1月29日丨浙江荣泰(603119.SH)公布，公司已于2026年1月29日向香港联合交易所有限公司（简 称"香港联交所"）递交了首次公开发行H股股票并在香港联交所主板上市（称"本次发行上市"）的申 请，并于同日在香港联交所网站刊登了本次发行上市的申请材料。 ...

浙江荣泰(603119.SH)公告称，此前公告，公司股东、董事及高级管理人员郑敏敏、戴冬雅拟从2026年1 月29日至2026年4月28日期间，分别通过集中竞价或大宗交易方式减持不超过141.66万股（即不超过总 股本的0.3895%）、130万股（即不超过总股本的0.3574%）。截至2026年1月29日，郑敏敏和戴冬雅未 减持公司股份，并提前终止减持计划。 ...

据港交所文件： 浙江荣泰 电工器材股份有限公司向港交所提交上市申请书。 ...

据港交所文件：浙江荣泰电工器材股份有限公司向港交所提交上市申请书。 ...

摘要 公司运营及核心客户项目进展顺利，产品定型和发布机器人时间节点已 确定，流程细节修正不影响整体项目节奏。 电机电驱产品现场反馈良好，客户对时间节点和数量要求无重大变化， 公司正按计划全力推进国内外项目对接与实施，春节前后及年底为关键 节点。 泰国产能建设已完成 85%以上，预计明年 4 月形成批量生产设施，年底 达到计划水平。与伟创合作项目进展顺利，临近阶段性成果验收。 公司内部目标清晰，稳健推进，产品开发、技术验证和量产推进认真进 行，商务环节未出现极端变化，行业竞争格局稳定。 除非出现重大不达标或颠覆性技术替代，否则产品技术方案不会进行重 大调整。行业竞争、技术、工业化和价格成熟度螺旋渐进推进。 供应商增减变动正常，不影响客户核心战略供应链布局。零部件审厂为 动态过程，根据项目不同阶段进行多次审核。 新项目开发按客户时间表推进，不存在时间节点紧张问题。新产品开发 形式多样，包括外部协作。与精密传动合作顺利，具体信息以双方公司 公告为准。 浙江荣泰 20260127 Q&A 客户对于产品定型和发布机器人有何时间节点？ 不同产品阶段有所不同，但整体来说，该确定的部分已经确定，许多环节处于 临门状态。虽然有 ...

浙江荣泰交流要点-0127 ——————————— 机器人 核心客户相关产品的方案、大的类型已基本确定，客户端核心测试反馈正向，剩余流程化工作有一段时间差，设 计冻结仅有细微调整。 除丝杠外，电机、小减速器等驱动传动产品验证及客户反馈积极，技术路线已于25年底锁定，正进行细节确认、 量产前爬坡规划及海外产能搭建等。 对丝杠类产品短期、中期、中长期的行业 对26年云母类产品需求保持乐观，价格整体平稳，量上预期有较好增长。 海外核心客户老款车型增长有限，但欧洲地区部分车企产能规划调整，生产量较大幅度提升。 储能端新产品包括云母类复合组件和轻量化结构件，26年有新的项目及产品导入。 对丝杠类产品短期、中期、中长期的行业竞争力及盈利性均有信心。 目标盈利能力不低于主业盈利状况。 公司与所有国内/国外客户的合作均正常，近期与核心客户密集推进技术、商务、项目开发等，没有关注谣言，将 通过实际经营、财务表现回报投资者。 主业 浙江荣泰交流要点-0127 ——————————— 机器人 核心客户相关产品的方案、大的类型已基本确定，客户端核心测试反馈正向，剩余流程化工作有一段时间差，设 计冻结仅有细微调整。 除丝杠外，电机、小 ...

Investment Highlights - The report emphasizes the growth potential driven by AI and the reversal of the anti-involution cycle in the manufacturing sector [1] - Key companies highlighted include Yokogawa Precision, Zhejiang Rongtai, Shanghai Yanpu, and SANY Heavy Industry among others [2][3] Industry Performance - The report notes significant performance in various sectors, with the best-performing indices being the construction materials sector (+9.23%), oil and petrochemicals (+7.71%), and steel (+7.31%) for the week ending January 23, 2026 [5][23] - In the manufacturing sector, the top indices were the photovoltaic concept index (+9.33%), aerospace and military theme index (+7.65%), and new energy concept index (+7.44%) [5][24] Key Industry Trends - The report discusses the rapid rise of space photovoltaic technology and the integration of the nuclear fusion industry in the U.S., highlighting technological breakthroughs and increased international cooperation [4][6][9] - The EDA (Electronic Design Automation) industry is noted for its consolidation and the potential for domestic breakthroughs, driven by government support and strategic acquisitions [11][12][14] Company-Specific Insights - China Shipbuilding Industry Company is expected to benefit from asset integration within the group, improving competitive dynamics and operational efficiency [15][16] - The report forecasts significant profit growth for key companies, with expected net profits for 2025-2027 showing substantial increases, particularly for companies like China Shipbuilding [17][21] Investment Recommendations - The report suggests focusing on core positions and flexible targets within the EDA sector, as domestic companies are positioned for significant growth due to increased policy support and market demand [11][17] - Specific companies to watch include Huada Jiutian, Gelun Electronics, and Guangli Micro [17]

Investment Rating - The report maintains a "Buy" rating for the automotive industry, particularly focusing on humanoid robots and aerospace sectors [2][10]. Core Insights - The humanoid robot market is expected to significantly drive the demand for rotary transformers, with a projected market size of 6.15 billion yuan by 2030 and 47.1 billion yuan by 2035, reflecting a CAGR of 85.9% from 2026 to 2035 [4][27]. - The aerospace sector is also experiencing growth, with satellite launches increasing rapidly, leading to a forecasted rotary transformer market size of 700 million yuan by 2030 and 1.8 billion yuan by 2035, with a CAGR of 22.7% from 2026 to 2035 [5][30]. Summary by Sections 1. Humanoid Robots and Aerospace Driving Rotary Transformer Market - Rotary transformers are well-suited for humanoid robots due to their strong shock resistance and durability, making them ideal for complex operational environments [4][24]. - The market for rotary transformers in humanoid robots is expected to surpass traditional markets, as they replace encoders in robotic joints [27]. 2. Market Performance of Humanoid Robots - The humanoid robot sector is anticipated to see a substantial increase in market size, driven by the need for high reliability and longevity in robotic joints [4][27]. - The report highlights the importance of rotary transformers in enhancing the performance of humanoid robots, particularly in their joints and dexterous hands [27]. 3. Market Performance of Aerospace Sector - The report notes a significant increase in satellite launches, with SpaceX planning to launch 42,000 satellites by 2033, which will boost the demand for rotary transformers in satellite attitude and orbit control systems [5][30]. - The rotary transformer market in the aerospace sector is projected to grow steadily, with increasing applications in satellite systems [30]. 4. Industry Data Tracking - The global rotary transformer market is expected to grow from approximately 4.445 billion yuan in 2024 to 11.851 billion yuan by 2031, with a CAGR of 15.3% from 2025 to 2031 [33]. - The automotive sector's rotary transformer market is projected to grow from 1.334 billion yuan in 2024 to 3.555 billion yuan by 2031 [33]. 5. Company Announcements - The report emphasizes the rapid growth of domestic companies like Yingshuo Technology, which has captured a significant market share in the rotary transformer sector, particularly in the new energy vehicle market [44][61]. - Yingshuo Technology's revenue has shown a CAGR of 176.6% from 2020 to 2022, with a strong focus on the new energy vehicle sector [44][55].

声明：市场有风险，投资需谨慎。本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 责任编辑：小浪快报 2026年1月26日，浙江荣泰（sh603119）触及跌停，跌停价109.79元，涨幅-9.99%，总市值399.39亿元， 流通市值223.86亿元，截止发稿，总成交额21.96亿元。 根据喜娜AI异动分析，浙江荣泰跌停原因可能如下，股权稀释+海外风险+解禁预期： 1、公司自身经营 风险：浙江荣泰处于战略转型和治理优化阶段，H股发行虽能拓宽融资渠道，但存在股权稀释风险，会 使现有股东持股比例下降。同时，泰国生产基地建设面临海外经营不确定性，泰国政策、法律、商业环 境与国内差异大。此外，公司短期债务压力大，短期借款激增至5.93亿元，流动负债占比超90%。 2、 市场环境因素：20 ...