【券商聚焦】国泰海通维持德昌电机控股(00179)“增持”评级指公司发展人形机器人业务有独特的优势

金吾财讯

Oct 17

金吾财讯 | 国泰海通发研报指，德昌电机控股(00179)可以从事电子水泵等数据中心液冷零部件业务。具体包括：CDU泵：作为一种管理冷却液并将其分配到数据中心液体冷却系统各个部分的设备。DTC泵：德昌电机智能冷却液泵通过直接位于电源模块上的冷板换热器循环流体，从电源模块散发的热量被吸收到冷却液回路中。该机构认为，作为大型汽车零部件企业，德昌电机控股开展液冷相关零部件业务，在系统工程能力、成本能力方面都有优势。德昌电机控股发展人形机器人业务有独特的优势。该机构认为，德昌电机控股在机器人领域的优势包括：1.动力源——电机领域有汽车电机全球头部地位积累下的优势；2.大量海外尤其是美国工厂，贴近客户；3.拥有粉末冶金等高端中上游零部件制造技术；4.与上海机电多重合资，补强渠道和零部件能力。看好德昌电机控股进一步进军人形机器人零部件制造之后的长期发展前景。预计公司2026/27/28财年归母净利润分别为2.81/3.22/3.55亿美元，同比增长7%/15%/10%。考虑到公司布局人形机器人，机器人行业可比公司估值较高，给予公司2026财年(2025Q2-2026Q1)22xPE，目标价51.43港元，维持“增持”评级。

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2576088939"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2576088939\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2576088939?lang=en_US&edition=fundamental","thumbnail":"https://static.szfiu.com/news/20250106/ZmQ4YWNjMjZmNDUwZDg4ZTlkYjEwZTY1NmI3NmEzMzkwOTI4OTA5.jpg","is_english":false,"pubTime":"2025-10-17 13:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2576088939","market":"fut","top_or_hot":-1,"title":"【券商聚焦】国泰海通维持德昌电机控股(00179)“增持”评级 指公司发展人形机器人业务有独特的优势","media":"金吾财讯","content":"<html><body><p>金吾财讯 | <a href=\"https://laohu8.com/S/601211\">国泰海通</a>发研报指，<a href=\"https://laohu8.com/S/00179\">德昌电机控股</a>(00179)可以从事电子水泵等数据中心液冷零部件业务。具体包括：CDU泵：作为一种管理冷却液并将其分配到数据中心液体冷却系统各个部分的设备。DTC泵：<a href=\"https://laohu8.com/S/605555\">德昌</a>电机智能冷却液泵通过直接位于电源模块上的冷板换热器循环流体，从电源模块散发的热量被吸收到冷却液回路中。该机构认为，作为大型汽车零部件企业，德昌电机控股开展液冷相关零部件业务，在系统工程能力、成本能力方面都有优势。德昌电机控股发展人形机器人业务有独特的优势。该机构认为，德昌电机控股在机器人领域的优势包括：1.<a href=\"https://laohu8.com/S/600405\">动力源</a>——电机领域有汽车电机全球头部地位积累下的优势；2.大量海外尤其是美国工厂，贴近客户；3.拥有粉末冶金等高端中上游零部件制造技术；4.与<a href=\"https://laohu8.com/S/600835\">上海机电</a>多重合资，补强渠道和零部件能力。看好德昌电机控股进一步进军人形机器人零部件制造之后的长期发展前景。预计公司2026/27/28财年归母净利润分别为2.81/3.22/3.55亿美元，同比增长7%/15%/10%。考虑到公司布局人形机器人，机器人行业可比公司估值较高，给予公司2026财年(2025Q2-2026Q1)22xPE，目标价51.43港元，维持“增持”评级。</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>【券商聚焦】国泰海通维持德昌电机控股(00179)“增持”评级 指公司发展人形机器人业务有独特的优势</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n【券商聚焦】国泰海通维持德昌电机控股(00179)“增持”评级 指公司发展人形机器人业务有独特的优势\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086022552\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/19a93586c3b023ec6ebfed568990555c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">金吾财讯 </p>\n<p class=\"h-time\">2025-10-17 13:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>金吾财讯 | <a href=\"https://laohu8.com/S/601211\">国泰海通</a>发研报指，<a href=\"https://laohu8.com/S/00179\">德昌电机控股</a>(00179)可以从事电子水泵等数据中心液冷零部件业务。具体包括：CDU泵：作为一种管理冷却液并将其分配到数据中心液体冷却系统各个部分的设备。DTC泵：<a href=\"https://laohu8.com/S/605555\">德昌</a>电机智能冷却液泵通过直接位于电源模块上的冷板换热器循环流体，从电源模块散发的热量被吸收到冷却液回路中。该机构认为，作为大型汽车零部件企业，德昌电机控股开展液冷相关零部件业务，在系统工程能力、成本能力方面都有优势。德昌电机控股发展人形机器人业务有独特的优势。该机构认为，德昌电机控股在机器人领域的优势包括：1.<a href=\"https://laohu8.com/S/600405\">动力源</a>——电机领域有汽车电机全球头部地位积累下的优势；2.大量海外尤其是美国工厂，贴近客户；3.拥有粉末冶金等高端中上游零部件制造技术；4.与<a href=\"https://laohu8.com/S/600835\">上海机电</a>多重合资，补强渠道和零部件能力。看好德昌电机控股进一步进军人形机器人零部件制造之后的长期发展前景。预计公司2026/27/28财年归母净利润分别为2.81/3.22/3.55亿美元，同比增长7%/15%/10%。考虑到公司布局人形机器人，机器人行业可比公司估值较高，给予公司2026财年(2025Q2-2026Q1)22xPE，目标价51.43港元，维持“增持”评级。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00179","symbol_name":"德昌电机控股","start_time":0,"source_url":"1968009","article_id":"2576088939","we_media_id":"1086022552","thumbnails":["https://static.szfiu.com/news/20250106/ZmQ4YWNjMjZmNDUwZDg4ZTlkYjEwZTY1NmI3NmEzMzkwOTI4OTA5.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2576088939","pubTimestamp":1760679279,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"金吾财讯","introduction":"「金吾财讯」以精准用户需求为切入点，打造一站式港美股投资细分领域品牌。依托战略合作伙伴凤凰网财经，将港美股内容传播到全球华人圈。","home_visible":1,"id":"1086022552","head_image":"https://static.tigerbbs.com/19a93586c3b023ec6ebfed568990555c"},"summary":"该机构认为，作为大型汽车零部件企业，德昌电机控股开展液冷相关零部件业务，在系统工程能力、成本能力方面都有优势。德昌电机控股发展人形机器人业务有独特的优势。看好德昌电机控股进一步进军人形机器人零部件制造之后的长期发展前景。","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"zh","relate_stocks":{"00179":"德昌电机控股","02611":"国泰海通"},"translate_title":"[Brokerage Focus] Cathay Haitong maintains Johnson Electric Holdings (00179) \"overweight\" rating, indicating that the company has unique advantages in developing humanoid robot business","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00179":1.5,"02611":1.5},"content_text":"金吾财讯 | 国泰海通发研报指，德昌电机控股(00179)可以从事电子水泵等数据中心液冷零部件业务。具体包括：CDU泵：作为一种管理冷却液并将其分配到数据中心液体冷却系统各个部分的设备。DTC泵：德昌电机智能冷却液泵通过直接位于电源模块上的冷板换热器循环流体，从电源模块散发的热量被吸收到冷却液回路中。该机构认为，作为大型汽车零部件企业，德昌电机控股开展液冷相关零部件业务，在系统工程能力、成本能力方面都有优势。德昌电机控股发展人形机器人业务有独特的优势。该机构认为，德昌电机控股在机器人领域的优势包括：1.动力源——电机领域有汽车电机全球头部地位积累下的优势；2.大量海外尤其是美国工厂，贴近客户；3.拥有粉末冶金等高端中上游零部件制造技术；4.与上海机电多重合资，补强渠道和零部件能力。看好德昌电机控股进一步进军人形机器人零部件制造之后的长期发展前景。预计公司2026/27/28财年归母净利润分别为2.81/3.22/3.55亿美元，同比增长7%/15%/10%。考虑到公司布局人形机器人，机器人行业可比公司估值较高，给予公司2026财年(2025Q2-2026Q1)22xPE，目标价51.43港元，维持“增持”评级。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}