凌云股份(600480)：控股股东增持 机器人前景可期

Group 1 - The company announced a share buyback plan by its controlling shareholder, with a total investment amount between 80 million and 100 million yuan, and a maximum purchase of 2% of the total share capital at a price not exceeding 19 yuan per share, to be implemented within 6 months from the announcement date [1] Group 2 - The company has acquired all shares of GNS from South Korea, enhancing its market share in the hot-formed components sector [2] - The company is a leader in pipeline systems, focusing on automotive fluid pipelines and municipal network systems, and has made strategic advancements in new industries, including a partnership with Huagong Technology to establish a joint venture in intelligent manufacturing [2] Group 3 - The company's main business remains stable, driven by hot forming and battery shell operations, while also strategically expanding into energy storage and robotics, creating new growth opportunities [3] - Revenue forecasts for 2024-2026 are projected at 19.341 billion, 21.495 billion, and 23.600 billion yuan, with net profits of 819 million, 948 million, and 1.050 billion yuan, and EPS of 0.87, 1.01, and 1.12 yuan respectively [3] - As of April 8, 2025, the closing price was 12.93 yuan, corresponding to PE ratios of 14.84, 12.82, and 11.58 for 2024-2026 [3]