768 lines
41 KiB
HTML
768 lines
41 KiB
HTML
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<!DOCTYPE html>
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<html lang="zh-CN">
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<head>
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<meta charset="utf-8" />
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<meta name="viewport" content="width=device-width, initial-scale=1, shrink-to-fit=no">
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<title>冷锻产业链分析报告</title>
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<script src="https://cdnjs.cloudflare.com/ajax/libs/vanta/0.5.24/vanta.waves.min.js"></script>
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<style>
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body {
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font-family: 'Inter', sans-serif;
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background: #f8fafc;
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}
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.gradient-bg {
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background: linear-gradient(135deg, #1e3a8a 0%, #1e40af 100%);
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}
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.card-shadow {
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box-shadow: 0 10px 15px -3px rgba(0, 0, 0, 0.1), 0 4px 6px -2px rgba(0, 0, 0, 0.05);
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}
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.timeline-dot {
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width: 12px;
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height: 12px;
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border-radius: 50%;
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background-color: #3b82f6;
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.timeline-line {
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width: 2px;
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background-color: #e5e7eb;
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margin-left: 5px;
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#vanta-bg {
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position: fixed;
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top: 0;
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left: 0;
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width: 100%;
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height: 100%;
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z-index: -1;
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}
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.content-wrapper {
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position: relative;
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z-index: 1;
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}
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.highlight-text {
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background: linear-gradient(120deg, #3b82f6 0%, #2563eb 100%);
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-webkit-background-clip: text;
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-webkit-text-fill-color: transparent;
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background-clip: text;
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}
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.table-responsive {
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overflow-x: auto;
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}
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@media (max-width: 768px) {
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.card-body {
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padding: 1rem;
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}
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h1 {
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font-size: 1.75rem;
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}
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h2 {
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font-size: 1.5rem;
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}
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h3 {
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font-size: 1.25rem;
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}
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}
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</style>
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</head>
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<body>
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<div id="vanta-bg"></div>
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<div class="content-wrapper min-h-screen py-8 px-4 sm:px-6 lg:px-8">
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<!-- 页面标题 -->
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<div class="max-w-6xl mx-auto mb-10 text-center">
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<h1 class="text-4xl font-bold text-gray-900 mb-4">冷锻产业链分析报告</h1>
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<p class="text-xl text-gray-600 max-w-3xl mx-auto">技术验证到商业化落地的关键拐点</p>
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</div>
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<!-- 概念事件部分 -->
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<div class="max-w-6xl mx-auto mb-10">
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<div class="bg-white rounded-xl card-shadow overflow-hidden">
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<div class="gradient-bg p-5">
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<h2 class="text-2xl font-bold text-white">概念事件</h2>
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</div>
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<div class="p-6">
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<div class="space-y-6">
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<div class="flex">
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<div class="flex flex-col items-center mr-4">
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<div class="timeline-dot"></div>
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<div class="timeline-line h-full"></div>
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</div>
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<div class="pb-6">
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<h3 class="text-lg font-semibold text-gray-900 mb-1">2024年12月</h3>
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<p class="text-gray-700">国金证券陈传红团队连续发布三篇报告，首次将冷锻工艺与机器人量产挂钩，指出冷锻是行星滚柱丝杠螺纹的主流路线，<span class="font-semibold text-blue-600">效率提升10倍、成本下降30%</span>（对比车铣磨）。</p>
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</div>
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</div>
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<div class="flex">
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<div class="flex flex-col items-center mr-4">
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<div class="timeline-dot"></div>
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<div class="timeline-line h-full"></div>
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</div>
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<div class="pb-6">
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<h3 class="text-lg font-semibold text-gray-900 mb-1">2025年2月</h3>
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<p class="text-gray-700">市场传闻新坐标（603040）成为比亚迪智驾滚珠丝杠供应商，<span class="font-semibold text-blue-600">冷锻工艺成本较传统下降30%</span>，已供货EMB/EHB系统，国产替代舍弗勒。</p>
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</div>
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</div>
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<div class="flex">
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<div class="flex flex-col items-center mr-4">
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<div class="timeline-dot"></div>
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<div class="timeline-line h-full"></div>
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</div>
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<div class="pb-6">
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<h3 class="text-lg font-semibold text-gray-900 mb-1">2025年3月</h3>
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<p class="text-gray-700">精锻科技（300258）公告设立合资公司，布局机器人关节电驱模组，<span class="font-semibold text-blue-600">行星减速器+丝杠技术落地</span>，绑定特斯拉、小米、智元等主机厂。</p>
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</div>
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</div>
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<div class="flex">
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<div class="flex flex-col items-center mr-4">
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<div class="timeline-dot"></div>
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</div>
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<div>
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<h3 class="text-lg font-semibold text-gray-900 mb-1">2025年5月</h3>
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<p class="text-gray-700">合锻智能（603011）因核聚变真空室订单（<span class="font-semibold text-blue-600">2亿元</span>）涨停，叠加冷锻设备概念，<span class="font-semibold text-blue-600">静态市盈率367倍</span>引发市场争议。</p>
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</div>
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</div>
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</div>
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</div>
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</div>
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</div>
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<!-- 核心观点摘要 -->
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<div class="max-w-6xl mx-auto mb-10">
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<div class="bg-white rounded-xl card-shadow overflow-hidden">
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<div class="gradient-bg p-5">
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<h2 class="text-2xl font-bold text-white">核心观点摘要</h2>
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</div>
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<div class="p-6">
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<div class="bg-blue-50 border-l-4 border-blue-500 p-4 mb-6">
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<p class="text-lg text-gray-800">
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冷锻产业链正处于<span class="highlight-text font-bold">"技术验证→商业化落地"</span>的关键拐点：
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</p>
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</div>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
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<div class="bg-gray-50 p-5 rounded-lg">
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<h3 class="text-lg font-semibold text-gray-900 mb-3 flex items-center">
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<i class="fas fa-clock text-blue-500 mr-2"></i>
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短期（3-6个月）
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</h3>
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<p class="text-gray-700">机器人丝杠订单放量（特斯拉、比亚迪）+核聚变设备招标（<span class="font-semibold text-blue-600">百亿级</span>）构成双重催化。</p>
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</div>
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<div class="bg-gray-50 p-5 rounded-lg">
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<h3 class="text-lg font-semibold text-gray-900 mb-3 flex items-center">
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<i class="fas fa-chart-line text-blue-500 mr-2"></i>
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长期
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</h3>
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<p class="text-gray-700">冷锻工艺在<span class="font-semibold text-blue-600">机器人、汽车、核聚变</span>三大场景的渗透率提升，将驱动产业链从主题炒作转向<span class="font-semibold text-blue-600">基本面驱动</span>。</p>
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</div>
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</div>
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</div>
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</div>
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</div>
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<!-- 核心逻辑与市场认知分析 -->
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<div class="max-w-6xl mx-auto mb-10">
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<div class="bg-white rounded-xl card-shadow overflow-hidden">
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<div class="gradient-bg p-5">
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<h2 class="text-2xl font-bold text-white">核心逻辑与市场认知分析</h2>
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</div>
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<div class="p-6">
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<!-- 核心驱动力 -->
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<div class="mb-8">
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<h3 class="text-xl font-semibold text-gray-900 mb-4 flex items-center">
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<i class="fas fa-rocket text-blue-500 mr-2"></i>
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核心驱动力
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</h3>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
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<div class="border border-gray-200 rounded-lg p-5">
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<h4 class="font-semibold text-gray-900 mb-3">技术突破</h4>
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<ul class="space-y-2 text-gray-700">
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-500 mt-1 mr-2"></i>
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<span>冷锻工艺在<span class="font-semibold text-blue-600">C5级精度</span>（机器人丝杠要求）上已成熟</span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-500 mt-1 mr-2"></i>
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<span><span class="font-semibold text-blue-600">效率是车铣磨的10倍</span>（国金路演数据）</span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-500 mt-1 mr-2"></i>
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<span>成本下降30%-50%</span>
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</li>
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</ul>
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</div>
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<div class="border border-gray-200 rounded-lg p-5">
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<h4 class="font-semibold text-gray-900 mb-3">需求爆发</h4>
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<ul class="space-y-2 text-gray-700">
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<li class="flex items-start">
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<i class="fas fa-robot text-blue-500 mt-1 mr-2"></i>
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<span><span class="font-semibold">机器人</span>：单台人形机器人需<span class="font-semibold text-blue-600">10根行星滚柱丝杠</span>，2025年全球市场规模<span class="font-semibold text-blue-600">50-100亿元</span></span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-car text-blue-500 mt-1 mr-2"></i>
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<span><span class="font-semibold">汽车</span>：比亚迪、特斯拉推动<span class="font-semibold text-blue-600">线控转向/制动</span>渗透，冷锻丝杠单车价值量<span class="font-semibold text-blue-600">1000元</span></span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-atom text-blue-500 mt-1 mr-2"></i>
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<span><span class="font-semibold">核聚变</span>：BEST项目真空室订单<span class="font-semibold text-blue-600">5亿元</span>，合锻智能独揽<span class="font-semibold text-blue-600">2亿元</span></span>
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</li>
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</ul>
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</div>
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</div>
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</div>
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<!-- 市场热度与情绪 -->
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<div class="mb-8">
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<h3 class="text-xl font-semibold text-gray-900 mb-4 flex items-center">
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<i class="fas fa-fire text-blue-500 mr-2"></i>
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市场热度与情绪
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</h3>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
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<div class="bg-green-50 p-5 rounded-lg border border-green-200">
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<h4 class="font-semibold text-gray-900 mb-3 flex items-center">
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<i class="fas fa-chart-line text-green-500 mr-2"></i>
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研报密集度
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</h4>
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<p class="text-gray-700">2024年12月-2025年5月，<span class="font-semibold text-blue-600">15篇研报</span>聚焦冷锻，覆盖机器人、汽车、核聚变三大场景。</p>
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</div>
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<div class="bg-yellow-50 p-5 rounded-lg border border-yellow-200">
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<h4 class="font-semibold text-gray-900 mb-3 flex items-center">
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<i class="fas fa-balance-scale text-yellow-500 mr-2"></i>
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情绪分化
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</h4>
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<div class="space-y-3">
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<div class="flex items-start">
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<i class="fas fa-smile text-green-500 mt-1 mr-2"></i>
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<div>
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<span class="font-semibold text-gray-900">乐观派</span>
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<p class="text-gray-700 text-sm">国金、东吴等机构认为冷锻是"机器人降本唯一解"</p>
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</div>
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</div>
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<div class="flex items-start">
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<i class="fas fa-meh text-yellow-500 mt-1 mr-2"></i>
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<div>
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<span class="font-semibold text-gray-900">谨慎派</span>
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<p class="text-gray-700 text-sm">部分路演指出冷锻丝杠<span class="font-semibold text-blue-600">尚未大规模量产</span></p>
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</div>
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</div>
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</div>
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</div>
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</div>
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</div>
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<!-- 预期差分析 -->
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<div>
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<h3 class="text-xl font-semibold text-gray-900 mb-4 flex items-center">
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<i class="fas fa-lightbulb text-blue-500 mr-2"></i>
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预期差分析
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</h3>
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<div class="bg-red-50 border border-red-200 rounded-lg p-5">
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<h4 class="font-semibold text-gray-900 mb-3">市场忽略点</h4>
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<ul class="space-y-3 text-gray-700">
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<li class="flex items-start">
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<i class="fas fa-exclamation-triangle text-red-500 mt-1 mr-2"></i>
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<span><span class="font-semibold">设备瓶颈</span>：高精度滚压机（C5级）<span class="font-semibold text-blue-600">90%依赖进口</span>（宝飞螺、肯尼福），国产化率不足10%</span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-exclamation-triangle text-red-500 mt-1 mr-2"></i>
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<span><span class="font-semibold">工艺限制</span>：冷锻仅适用于<span class="font-semibold text-blue-600">粗加工+磨削</span>组合，<span class="font-semibold text-blue-600">C3级以上精度仍需磨床</span>（德邦专家路演）</span>
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</li>
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</ul>
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</div>
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</div>
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</div>
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</div>
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</div>
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<!-- 关键催化剂与未来发展路径 -->
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<div class="max-w-6xl mx-auto mb-10">
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<div class="bg-white rounded-xl card-shadow overflow-hidden">
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<div class="gradient-bg p-5">
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<h2 class="text-2xl font-bold text-white">关键催化剂与未来发展路径</h2>
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</div>
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<div class="p-6">
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<!-- 近期催化剂 -->
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<div class="mb-8">
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<h3 class="text-xl font-semibold text-gray-900 mb-4 flex items-center">
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<i class="fas fa-bolt text-blue-500 mr-2"></i>
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近期催化剂（3-6个月）
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</h3>
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<div class="overflow-x-auto">
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<table class="min-w-full divide-y divide-gray-200">
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<thead class="bg-gray-50">
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<tr>
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<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">事件</th>
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<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">时间</th>
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<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">影响标的</th>
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<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">逻辑</th>
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</tr>
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</thead>
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<tbody class="bg-white divide-y divide-gray-200">
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<tr>
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<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">特斯拉机器人丝杠定点</td>
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<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">2025Q2</td>
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<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">新坐标、精锻科技</td>
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<td class="px-6 py-4 text-sm text-gray-500">冷锻工艺首次进入特斯拉供应链</td>
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</tr>
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<tr>
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<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">BEST项目招标</td>
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<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">2025H2</td>
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<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">合锻智能</td>
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<td class="px-6 py-4 text-sm text-gray-500">真空室、偏滤器订单释放（<span class="font-semibold text-blue-600">70亿元</span>）</td>
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</tr>
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<tr>
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<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">比亚迪EMB量产</td>
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<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">2025Q3</td>
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<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">新坐标</td>
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<td class="px-6 py-4 text-sm text-gray-500">冷锻丝杠批量供货，替代舍弗勒</td>
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</tr>
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</tbody>
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</table>
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</div>
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</div>
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<!-- 长期发展路径 -->
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<div>
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<h3 class="text-xl font-semibold text-gray-900 mb-4 flex items-center">
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<i class="fas fa-road text-blue-500 mr-2"></i>
|
||
长期发展路径
|
||
</h3>
|
||
<div class="space-y-4">
|
||
<div class="bg-blue-50 border-l-4 border-blue-500 p-4">
|
||
<div class="flex">
|
||
<div class="flex-shrink-0">
|
||
<span class="text-lg font-semibold text-blue-600">2025-2026年</span>
|
||
</div>
|
||
<div class="ml-3">
|
||
<p class="text-sm text-gray-700">机器人丝杠冷锻渗透率从<span class="font-semibold text-blue-600">10%→50%</span>，市场规模<span class="font-semibold text-blue-600">50→200亿元</span></p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="bg-blue-50 border-l-4 border-blue-500 p-4">
|
||
<div class="flex">
|
||
<div class="flex-shrink-0">
|
||
<span class="text-lg font-semibold text-blue-600">2027年后</span>
|
||
</div>
|
||
<div class="ml-3">
|
||
<p class="text-sm text-gray-700">汽车线控系统（EPS/EMB）全面采用冷锻，<span class="font-semibold text-blue-600">全球市场规模1200亿元</span>（新坐标路演数据）</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 产业链与核心公司深度剖析 -->
|
||
<div class="max-w-6xl mx-auto mb-10">
|
||
<div class="bg-white rounded-xl card-shadow overflow-hidden">
|
||
<div class="gradient-bg p-5">
|
||
<h2 class="text-2xl font-bold text-white">产业链与核心公司深度剖析</h2>
|
||
</div>
|
||
<div class="p-6">
|
||
<!-- 产业链图谱 -->
|
||
<div class="mb-8">
|
||
<h3 class="text-xl font-semibold text-gray-900 mb-4 flex items-center">
|
||
<i class="fas fa-sitemap text-blue-500 mr-2"></i>
|
||
产业链图谱
|
||
</h3>
|
||
<div class="bg-gray-50 p-6 rounded-lg">
|
||
<div class="flex flex-col md:flex-row justify-between items-center space-y-4 md:space-y-0">
|
||
<div class="text-center">
|
||
<div class="bg-blue-100 text-blue-800 font-semibold py-2 px-4 rounded-lg mb-2">上游</div>
|
||
<p class="text-gray-700">材料（华菱钢铁含铝冷锻钢）</p>
|
||
</div>
|
||
|
||
<div class="text-center">
|
||
<i class="fas fa-arrow-right text-gray-400 text-2xl hidden md:block"></i>
|
||
</div>
|
||
|
||
<div class="text-center">
|
||
<div class="bg-blue-100 text-blue-800 font-semibold py-2 px-4 rounded-lg mb-2">中游</div>
|
||
<p class="text-gray-700">设备（思进智能滚压机、恒锋工具模具）</p>
|
||
<p class="text-gray-700">加工（新坐标、精锻科技）</p>
|
||
</div>
|
||
|
||
<div class="text-center">
|
||
<i class="fas fa-arrow-right text-gray-400 text-2xl hidden md:block"></i>
|
||
</div>
|
||
|
||
<div class="text-center">
|
||
<div class="bg-blue-100 text-blue-800 font-semibold py-2 px-4 rounded-lg mb-2">下游</div>
|
||
<p class="text-gray-700">机器人（特斯拉、小米）</p>
|
||
<p class="text-gray-700">汽车（比亚迪、大众）</p>
|
||
<p class="text-gray-700">核聚变（BEST）</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 核心玩家对比 -->
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-gray-900 mb-4 flex items-center">
|
||
<i class="fas fa-chess text-blue-500 mr-2"></i>
|
||
核心玩家对比
|
||
</h3>
|
||
<div class="overflow-x-auto">
|
||
<table class="min-w-full divide-y divide-gray-200">
|
||
<thead class="bg-gray-50">
|
||
<tr>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">公司</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">角色</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">进展</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">风险</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody class="bg-white divide-y divide-gray-200">
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">新坐标（603040）</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">加工龙头</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">比亚迪定点+冷锻丝杠专利</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">估值已反映预期（2025PE 14倍）</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">精锻科技（300258）</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">机器人关节</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">2025年行星减速器量产</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">客户验证进度慢于预期</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">合锻智能（603011）</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">核聚变设备</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">BEST真空室订单2亿元</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">市盈率367倍，泡沫风险</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">思进智能（003025）</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">设备国产化</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">滚压机技术突破</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">订单尚未落地</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
|
||
<!-- 验证与证伪 -->
|
||
<div class="mt-6 bg-yellow-50 border border-yellow-200 rounded-lg p-5">
|
||
<h4 class="font-semibold text-gray-900 mb-3 flex items-center">
|
||
<i class="fas fa-search text-yellow-500 mr-2"></i>
|
||
验证与证伪
|
||
</h4>
|
||
<ul class="space-y-2 text-gray-700">
|
||
<li class="flex items-start">
|
||
<i class="fas fa-circle text-yellow-500 text-xs mt-1.5 mr-2"></i>
|
||
<span><span class="font-semibold">新坐标</span>：比亚迪供货传闻<span class="font-semibold text-blue-600">未公告</span>，需跟踪<span class="font-semibold text-blue-600">2025年H1财报</span>验证收入</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<i class="fas fa-circle text-yellow-500 text-xs mt-1.5 mr-2"></i>
|
||
<span><span class="font-semibold">精锻科技</span>：机器人团队仅<span class="font-semibold text-blue-600">10人</span>（路演数据），量产能力存疑</span>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 潜在风险与挑战 -->
|
||
<div class="max-w-6xl mx-auto mb-10">
|
||
<div class="bg-white rounded-xl card-shadow overflow-hidden">
|
||
<div class="gradient-bg p-5">
|
||
<h2 class="text-2xl font-bold text-white">潜在风险与挑战</h2>
|
||
</div>
|
||
<div class="p-6">
|
||
<div class="overflow-x-auto">
|
||
<table class="min-w-full divide-y divide-gray-200">
|
||
<thead class="bg-gray-50">
|
||
<tr>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">风险类型</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">具体表现</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">来源</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody class="bg-white divide-y divide-gray-200">
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">技术风险</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">冷锻C3级精度需<span class="font-semibold text-blue-600">磨床二次加工</span></td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">德邦专家</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">商业化风险</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">机器人丝杠<span class="font-semibold text-blue-600">单价5000元→1000元</span>需规模效应</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">国金研报</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">政策风险</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">核聚变项目<span class="font-semibold text-blue-600">国资减持</span>（合锻智能二股东）</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">方正路演</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">信息矛盾</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">新坐标"供货比亚迪"<span class="font-semibold text-blue-600">无官方公告</span></td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">传闻 vs 公告</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 综合结论与投资启示 -->
|
||
<div class="max-w-6xl mx-auto mb-10">
|
||
<div class="bg-white rounded-xl card-shadow overflow-hidden">
|
||
<div class="gradient-bg p-5">
|
||
<h2 class="text-2xl font-bold text-white">综合结论与投资启示</h2>
|
||
</div>
|
||
<div class="p-6">
|
||
<!-- 阶段判断 -->
|
||
<div class="mb-6">
|
||
<h3 class="text-xl font-semibold text-gray-900 mb-3 flex items-center">
|
||
<i class="fas fa-flag text-blue-500 mr-2"></i>
|
||
阶段判断
|
||
</h3>
|
||
<div class="bg-blue-50 border-l-4 border-blue-500 p-4">
|
||
<p class="text-gray-800">
|
||
冷锻产业链处于<span class="highlight-text font-bold">"技术验证→订单落地"</span>过渡期，<span class="font-semibold text-blue-600">主题炒作与基本面交织</span>。
|
||
</p>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 投资方向 -->
|
||
<div class="mb-6">
|
||
<h3 class="text-xl font-semibold text-gray-900 mb-3 flex items-center">
|
||
<i class="fas fa-compass text-blue-500 mr-2"></i>
|
||
投资方向
|
||
</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-4">
|
||
<div class="bg-green-50 p-4 rounded-lg border border-green-200">
|
||
<h4 class="font-semibold text-gray-900 mb-2 flex items-center">
|
||
<i class="fas fa-cogs text-green-500 mr-2"></i>
|
||
设备端
|
||
</h4>
|
||
<p class="text-gray-700"><span class="font-semibold text-blue-600">思进智能</span>（滚压机国产化，赔率最高）</p>
|
||
</div>
|
||
|
||
<div class="bg-green-50 p-4 rounded-lg border border-green-200">
|
||
<h4 class="font-semibold text-gray-900 mb-2 flex items-center">
|
||
<i class="fas fa-industry text-green-500 mr-2"></i>
|
||
加工端
|
||
</h4>
|
||
<p class="text-gray-700"><span class="font-semibold text-blue-600">新坐标</span>（比亚迪链+丝杠技术，估值合理）</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 跟踪指标 -->
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-gray-900 mb-3 flex items-center">
|
||
<i class="fas fa-chart-bar text-blue-500 mr-2"></i>
|
||
跟踪指标
|
||
</h3>
|
||
<div class="space-y-4">
|
||
<div class="bg-gray-50 p-4 rounded-lg border border-gray-200">
|
||
<div class="flex items-start">
|
||
<div class="flex-shrink-0">
|
||
<span class="bg-blue-100 text-blue-800 text-xs font-semibold px-2.5 py-0.5 rounded">新坐标</span>
|
||
</div>
|
||
<div class="ml-3">
|
||
<p class="text-sm text-gray-700">2025年H1<span class="font-semibold text-blue-600">新能源业务收入占比</span>（需>30%验证逻辑）</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="bg-gray-50 p-4 rounded-lg border border-gray-200">
|
||
<div class="flex items-start">
|
||
<div class="flex-shrink-0">
|
||
<span class="bg-blue-100 text-blue-800 text-xs font-semibold px-2.5 py-0.5 rounded">精锻科技</span>
|
||
</div>
|
||
<div class="ml-3">
|
||
<p class="text-sm text-gray-700">机器人减速器<span class="font-semibold text-blue-600">客户定点公告</span>（小米、特斯拉）</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 风险提示 -->
|
||
<div class="mt-6 bg-red-50 border border-red-200 rounded-lg p-4">
|
||
<h4 class="font-semibold text-gray-900 mb-2 flex items-center">
|
||
<i class="fas fa-exclamation-triangle text-red-500 mr-2"></i>
|
||
风险提示
|
||
</h4>
|
||
<p class="text-sm text-gray-700">若2025年Q2无机器人丝杠订单落地，产业链可能回调<span class="font-semibold text-blue-600">30%-50%</span>。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 关联股票数据 -->
|
||
<div class="max-w-6xl mx-auto mb-10">
|
||
<div class="bg-white rounded-xl card-shadow overflow-hidden">
|
||
<div class="gradient-bg p-5">
|
||
<h2 class="text-2xl font-bold text-white">关联股票数据</h2>
|
||
</div>
|
||
<div class="p-6">
|
||
<div class="overflow-x-auto">
|
||
<table class="min-w-full divide-y divide-gray-200">
|
||
<thead class="bg-gray-50">
|
||
<tr>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">股票名称</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">设备环节</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">原因</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody class="bg-white divide-y divide-gray-200">
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">腾达科技</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">搓丝机</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">发行人出于提升形象等原因受让部分冷镦机、搓丝机等相关专利</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">易实精密</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">搓丝机</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">公司新能源汽车高压接线柱及高压屏蔽罩生产线扩建项目有高速精密搓丝机</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">腾达科技</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">滚丝机</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">募投项目增加自动化拉丝机、搓丝机、滚丝机等自动化生产设备</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">思进智能</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">滚压机</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">A股首家冷成形装备制造行业上市公司，多工位冷成形装备产销量在国内位居行业前列</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">恒锋工具</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">冷挤压刀具</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">布局多种冷挤压刀具，精密拉削刀具、花键量具等产品市占率第一</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">瑞玛精密</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">冷锻成型工艺</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">申请了一种用于带薄壁华司的螺栓的冷锻成型工艺及冷锻模组的发明</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">奇精机械</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">冷锻造技术</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">掌握的关键性技术包括但不限于金属材料冷锻造技术、金件冲压技术、模具开发技术等</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">福达合金</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">精密冷锻件</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">精密冷锻件的研产销，技术处于国内领先水平</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">新坐标</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">模具设计加工</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">具备模具设计加工、冷锻工艺研发、专用工装与设备设计等全产业链研发能力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">日上集团</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">汽车铝合金锻造轮</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">汽车铝合金锻造轮项目的实施以冷锻和温锻为主</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">正强股份</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">热锻和冷锻技术</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">产品热锻技术和冷锻技术都有使用</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">安洁科技</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">新能源汽车插头铜材精密冷锻压成型技术</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">进行了新能源汽车插头铜材精密冷锻压成型技术研发</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">浙江黎明</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">冷锻工艺</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">具备多种工艺技术路线，冷锻工艺属于其中较为主要的一种</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">津荣天宇</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">汽车安全品高端冷锻零部件</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">拥有汽车安全品高端冷锻零部件国产化业务</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">金钟股份</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">厚铝板冷锻成型技术</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">拥有厚铝板冷锻成型技术，通过专用的模锻设备锻制厚铝板</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">远东传动</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">冷锻工艺出口</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">目前利用冷锻工艺出口欧洲</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">华菱钢铁</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">含铝冷锻钢</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">借助了华菱集团的平台销售了大盘卷含铝冷锻钢以及高线含铝冷锻钢盘条</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">三联锻造</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">模锻工艺</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">采用的锻造工艺属于模锻，按胚料加工的温度可分为热锻、温锻和冷锻</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">建设工业</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">径向精密锻造成型技术</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">汽车零部件加工主要采用径向精密锻造成型技术</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">精锻科技</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">精锻技术</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">以先进的精锻技术为依托，扩大产品应用范围</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">百达精工</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">金属成形核心技术</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">拥有先进的金属成形核心技术，涵盖了铸造、压铸、冷锻、热锻等精密金属成形工艺</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">舜宇精工</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">冷锻技术</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">在汽车零部件领域掌握冷锻技术</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<script>
|
||
// 初始化Vanta.js背景
|
||
VANTA.WAVES({
|
||
el: "#vanta-bg",
|
||
mouseControls: true,
|
||
touchControls: true,
|
||
gyroControls: false,
|
||
minHeight: 200.00,
|
||
minWidth: 200.00,
|
||
scale: 1.00,
|
||
scaleMobile: 1.00,
|
||
color: 0x1e3a8a,
|
||
shininess: 30.00,
|
||
waveHeight: 10.00,
|
||
waveSpeed: 0.75,
|
||
zoom: 0.85
|
||
});
|
||
</script>
|
||
</body>
|
||
</html>
|
||
``` |