浙江荣泰25Q3毛利率创新高,人形机器人业务打开增长天花板

浙商证券
Nov 20, 2025

投资要点25Q3业绩环比提升明显,行业逆风仍维持较高增速和较高水平盈利质量1)25Q1-Q3:营收9.60亿元,同比增18.65%;归母净利润2.03亿元,同比增22.04%;扣非归母净利润1.88亿元,同比增21.14%。资产负债表方面,报告期末总资产达31.45亿元,较年初大幅增长42.12%,主要系公司为布局 机器人 业务,新增了对子公司的合并及对外投资,资产负债表中新增了长期股权投资...

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