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Research Reports on Investment Opportunities | Northeast Securities: Initiates a "Shareholding" rating for Shanghai Moons'Electric, the Siasun Robot&Automation Business is expected to open up growth space.
The Northeast Securities Research Reports pointed out that Shanghai Moons'Electric (603728.SH) had a revenue of 1.265 billion yuan in the first half of 2024, a year-on-year decline of 3.14%, and a net income of 40.03 million yuan, a year-on-year decrease of 24.9%, mainly affected by the overseas destocking pressure and capacity relocation. Overseas income was 0.584 billion yuan, a year-on-year decrease of 12.5%, compounded by the incomplete release of production capacity in Vietnam, resulting in pressure on manufacturing cost distribution, with asset impairment losses reaching 0.029 billion yuan. Despite short-term pressure, the company’s gross margin remained stable, maintaining a gross margin of 36.95-38.08% in the first three quarters of 2024, which is relatively good for the Industry.
Soochow: The singularity of the humanoid robot market is coming, and the market space may reach 10 trillion yuan.
Currently, humanoid robots are comparable to electric vehicles from 2012-2014, on the verge of scaling up from 0 to 1.
Shanghai Moons'Electric (603728.SH): In the first half of 2024, revenue from Siasun Robot&Automation-related applications, including humanoid robots, accounted for approximately 8%, which is relatively low.
On February 6, Gelonghui reported that Shanghai Moons'Electric (603728.SH) announced the development and continuous improvement of brushless motor modules, slotless hollow cup joint motor modules, frameless/AC Servo Motor gearbox modules and their drive and Control System, Car Rim/wheel-side motor modules, among other products, which are suitable for motion control modules of Siasun Robot&Automation. In the first half of 2024, the proportion of revenue from the company's robot-related applications (including humanoid robots) is about 8%, which is relatively low and will not significantly affect the company's current Operation performance.
These 4 Measures Indicate That Shanghai Moons' Electric (SHSE:603728) Is Using Debt Extensively
Those Who Invested in Shanghai Moons' Electric (SHSE:603728) Five Years Ago Are up 413%
Shanghai Moons'Electric (603728.SH): Some fundraising projects are proposed to be completed, and surplus raised funds will be permanently supplemented to working capital.
On December 10, Gelonghui reported that Shanghai Moons'Electric (603728.SH) announced plans to permanently supplement working capital with a surplus of raised funds of 60.0651 million yuan (excluding account interest and outstanding project payments, the actual amount is subject to the balance of the special account on the day funds are withdrawn) for the "Technical Center Construction Project", "Vietnam's Annual Production of 4 Million Hybrid Stepper Motor Production Base Construction Project", and "Additional Production Capacity Project for Brushless Electric Machines".
Be Wary Of Shanghai Moons' Electric (SHSE:603728) And Its Returns On Capital
