Motor Sector Strengthens, Ananda Leads the Gains, Some Motor Companies Report Positive Q1 Results [SMM Flash News]

SMM May 8 News:

The motor sector saw significant gains on May 8. By the close of trading on May 8, the motor sector had risen by 2.02%. Among individual stocks: Ananda surged by 7.58%, with Huarui Electric, Huayang Intelligence, Shenli Electric, Dingzhi Technology, Dibei Electric, and Xiangdian Electric leading the gains. On the news front: Shenzhen's low-altitude sightseeing routes have become extremely popular, and the low-altitude economy industry chain is expected to accelerate its commercialization. Motors, as a relevant component, will benefit from this trend. Additionally, Shenchi Electromechanical, Dingzhi Technology, and Jinlong Electromechanical reported positive Q1 results. The Beijing Humanoid Robot Open Source Community went live, and robot traffic police began their duties. A series of favorable factors, including the vast and growing global smart home market size, the expected increase in the penetration rate of new energy vehicles, and the consequent rise in motor demand, have driven the strength of the motor sector.

News Highlights

[Beijing Humanoid Robot Open Source Community Goes Live] According to the official account of the Beijing Humanoid Robot Innovation Center, in April 2025, the Beijing Humanoid Robot Open Source Community was officially launched, offering a range of features including blogs, forum discussions, technical documentation displays, open-source project showcases, event announcements, expert and scholar certifications, and open-source course releases. By openly sharing core technologies and R&D resources, the community aims to foster global developer collaboration and innovation, accelerate technological breakthroughs in the industry, and establish a foundational platform for talent cultivation, technological iteration, and industrial implementation in the embodied intelligence industry. (Science and Technology Innovation Board Daily)

[Guangdong: Promoting the Integration of AI Large Models into Public Service Institutions Such as Governments]The General Office of the People's Government of Guangdong Province issued the "Several Measures to Further Stimulate the Vitality of Market Entities and Accelerate the Construction of a Modern Industrial System in Guangdong Province," which proposes the vigorous development of application scenarios. By creating an ecosystem for scenario innovation, with scenarios as the driving force and applications as the guide, the province will regularly release lists of industrial application scenario opportunities in cutting-edge sectors and implement application scenario-based investment attraction. It will promote the integration of AI large models into public service institutions such as governments, establish city-level real-world testing grounds in areas such as low-altitude economy, and complete the construction of over 20 regionally characteristic scenarios and over 100 demonstration scenarios with promotional value and driving effects annually, thereby accelerating the formation of large-scale commercial applications. (Finance Sina)

Shenzhen's low-altitude sightseeing routes have become extremely popular, and the low-altitude economy industry chain is expected to accelerate its commercialization.

During the 2025 Shanghai Auto Show, XPeng AeroHT's "Land Aircraft Carrier" modular flying car attracted significant attention, having already received 260 pre-orders. XPeng AeroHT revealed that the flying car is expected to officially enter mass production and delivery in 2026.

[Shenyang Aerospace University Announces Establishment of Low-Altitude Economy College]Following six 211 and 985 universities, including Beihang University, Nanjing University of Aeronautics and Astronautics, and Northwestern Polytechnical University, in establishing low-altitude economy majors, Shenyang Aerospace University also announced on April 29 the establishment of the Low-Altitude Economy College. According to reports, the college will primarily focus on cultivating talents in the low-altitude economy, advancing technological innovation in the field, and conducting think tank research. The Low-Altitude Economy Industry Research Institute, the Unmanned Intelligent System Research Institute, and the Flight College, which were established by the university in early 2024, will be incorporated into the construction of the Low-Altitude Economy College. (Science and Technology Innovation Board Daily)

[Report on Development Trends of Low-Altitude Economy: China's UAV Industry to Take the Lead in Achieving Trillion-Yuan Scale by 2030]The China Low-Altitude Economy Alliance released the Report on Development Trends of Low-Altitude Economy on the 27th, projecting that by 2030, China's UAV industry will take the lead in achieving a trillion-yuan scale. The report also forecasts that starting from the second half of this year, eVTOLs (electric vertical takeoff and landing aircraft) will conduct frequent test flights in limited airspace. By 2027, some megacities and provincial capitals will achieve the goals of eVTOL commercialization and "air taxi" services.

[Senqi Electromechanical: Net Profit in Q1 2025 Reaches 69.5714 Million Yuan, Up 284.73% YoY]Senqi Electromechanical disclosed its Q1 2025 report on April 29, showing that in the first quarter, the company achieved a total operating revenue of 732 million yuan, up 38.78% YoY; net profit attributable to shareholders was 69.5714 million yuan, up 284.73% YoY; net profit excluding non-recurring gains and losses was 66.2785 million yuan, up 173.35% YoY. During the reporting period, the company's basic earnings per share were 0.3331 yuan, and the weighted average return on net assets was 3.41%. Regarding the increase in operating revenue in the first quarter, Senqi Electromechanical stated that it was due to an increase in orders, which led to an increase in revenue. The substantial growth in net profit in the first quarter was primarily attributed to the rise in revenue, which drove up profits.

[Dingzhi Technology: Net Profit Attributable to Shareholders in Q1 Reaches 12.65 Million Yuan, Up 135.8% YoY]On April 25, Dingzhi Technology released its Q1 2025 report, showing that the company's operating revenue was 58.79 million yuan, up 35.8% YoY; net profit attributable to shareholders was 12.65 million yuan, up 135.8% YoY. The company is mainly involved in the intelligent control field, with products including linear actuators and DC motors. The significant increase in sales volume has driven the growth in operating revenue.

[Huayang Intelligence: Net Profit in Q1 2025 Reaches 7.867 Million Yuan, Up 1% YoY]Huayang Intelligence disclosed its Q1 2025 report on April 28. The company achieved a total operating revenue of 113 million yuan, up 2.86% YoY; net profit attributable to shareholders was 7.867 million yuan, up 1% YoY.The company's main business is the R&D, production, and sales of small and special motors and their application products.

[Jinlong Machinery & Electronics: Net profit in Q1 2025 was 16.4973 million yuan, turning from a loss YoY]Jinlong Machinery & Electronics disclosed its Q1 2025 report on April 29. The company achieved a total operating revenue of 350 million yuan, up 26.15% YoY; net profit attributable to shareholders of the parent company was 16.4973 million yuan, turning from a loss YoY; net profit excluding non-recurring gains and losses was a loss of 6.9966 million yuan, compared to a loss of 22.2044 million yuan in the same period last year.

[Keli'er: Obtained an invention patent for a high-low dual-voltage, dual-frequency integrated shaded-pole motor]Keli'er announced that the company had recently obtained an invention patent certificate issued by the China National Intellectual Property Administration. The patent, named "A High-Low Dual-Voltage, Dual-Frequency Integrated Shaded-Pole Motor," has the patent number ZL 2024 1 0209780.4. This invention belongs to the field of motor technology and achieves rapid heat dissipation through the installation of air-cooling and water-cooling components. The acquisition of this patent will help the company strengthen the protection of its independent intellectual property rights, establish a mechanism for sustained innovation, and enhance its brand and market recognition, but it will not have a significant impact on the company's recent production, operation, and performance.

[Yuxin Electronics: The company has signed a product development cooperation agreement with the Chongqing Research Institute of Harbin Institute of Technology for the intelligent robot joint motor project]On May 7, Yuxin Electronics stated on an interactive platform that, in addition to the fields related to its existing main business, the company will continue to invest in R&D in areas such as multi-scenario lithium battery charging solutions for drones, starting and parking lithium batteries for commercial vehicles, intelligent robot joint motors, and small hydrogen power. Currently, the company has signed a product development cooperation agreement with the Chongqing Research Institute of Harbin Institute of Technology for the intelligent robot joint motor project to enhance the company's technological capabilities and innovation in this field. The project is in its early stages and has not yet generated any revenue, and there may be risks that the R&D progress may not meet expectations. For specific R&D progress and achievements, please refer to the subsequent periodic reports disclosed.

[Zhenghai Magnetic Material: Has completed small-batch deliveries to downstream customers in the humanoid robot sector]Zhenghai Magnetic Material stated on an interactive platform that the company's technology can highly match the demand for core components such as coreless motors and frameless torque motors used in humanoid robots. In 2024, the company was awarded the title of "Most Valuable Material Enterprise in the Humanoid Robot Sector" and has completed small-batch deliveries to downstream customers.

[Fengli Intelligence: Signed a strategic cooperation agreement with Inpower to promote the formation of integrated "motor + reducer" product capabilities]Fengli Intelligence announced that the company had signed a strategic cooperation agreement with Zhuhai Inpower Electric Co., Ltd. Both parties will jointly promote in-depth cooperation in fields such as NEVs, joint modules, construction machinery, eVTOLs, and intelligent manufacturing based on their respective product and technological advantages.The agreement is an intent-based framework agreement that does not involve substantive transactions, related-party transactions, or constitute a major asset restructuring. Fengli Intelligence has technical expertise in areas such as harmonic reducers and planetary reducers, while Inpower has advantages in drive systems and motors. The collaborative development of NEV, construction machinery, and eVTOL reducers by both parties will complement Inpower's technological shortcomings in the field of precision transmission components, forming an integrated product capability of "motors + reducers".

【JOYEE Technology's 2024 Net Profit Turns from Loss to Gain, with Outstanding Performance in New Energy Motor and Electronic Control Parts Business】On April 25, Joyee Technology released its 2024 annual report. In 2024, through strategic focus, structural optimization, technological upgrades, and lean management, the company achieved a turnaround from loss to profit in its overall performance. The net profit attributable to shareholders increased significantly from a loss of 204 million yuan in 2023 to a profit of 21.318 million yuan, with particularly outstanding performance in the new energy motor and electronic control parts business, which saw substantial revenue growth and significant loss reduction.

【Tongda Power: The servo motor cores produced by the company are applicable to the drive motors of robots】Tongda Power recently stated on an interactive platform that the servo motor cores produced by the company are applicable to the drive motors of robots. Currently, the company has not yet formed a direct cooperative relationship with Unitree Robotics or its subsidiaries.

【Dongbei Group: The robot joint motor is still in the R&D and testing phase and has not yet been supplied to the market】Dongbei Group issued an announcement on abnormal stock trading fluctuations on April 25. The company's stock closing price increase exceeded 20% cumulatively over three consecutive trading days on April 22, April 23, and April 24, which, according to relevant regulations, constitutes a situation of abnormal stock trading fluctuations. The company's main business is the R&D and production of refrigeration compressors, while also developing multiple business segments upstream and downstream of the refrigeration compressor industry chain, including motors, castings, and commercial refrigeration appliances. In the motor segment, the company has relevant technological R&D reserves in areas such as washing machine motors and air conditioner motors. The robot joint motor is still in the R&D and testing phase and has not yet been supplied to the market.

【Xiangming Intelligence: The company has conducted R&D in rare earth permanent magnet motors and has products available for sale】Xiangming Intelligence responded to investor inquiries on an interactive platform on April 18, stating that the company has conducted R&D in rare earth permanent magnet motors and has products available for sale. At the same time, the company has obtained relevant patent authorizations and participated in the drafting of industry and national standards.

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Industry Voices

A research report by Sinolink Securities states that compared with traditional modes of transportation such as cars and high-speed rail, eVTOLs offer advantages such as efficiency, convenience, low noise, low carbon emissions, comfort, and privacy within specific travel distances. They are expected to become a new mode of transportation, with initial application scenarios anticipated in emergency response, cultural tourism, followed by gradual development in air taxis and logistics. Among these, air taxis are projected to account for over 70% of the market, becoming the primary application scenario. With the booming development of the low-altitude economy, eVTOLs serve as a crucial driving force, moving towards a market worth hundreds of billions. It is recommended to focus on leading enterprises in the fields of complete aircraft, motors, batteries, and avionics flight control systems.

A research report titled "Special Report on Low-Altitude Economy: eVTOL Motor Industry - The Power Engine of Electric Flying Cars, and the Explosion of the eVTOL Industry Spawning a New Blue Ocean for Motors" issued by Yuanda Information points out: The eVTOL industry is developing rapidly, and the future potential of eVTOL motors is immense. In December 2023, the Central Economic Work Conference included the "low-altitude economy" in the list of strategic emerging industries for the first time, and the central and local governments have introduced a series of corresponding policies in response. On December 25, 2024, the National Development and Reform Commission (NDRC), in collaboration with multiple departments including transportation, civil aviation, industry and information technology, and public security, announced the official establishment of the Low-Altitude Economy Department. This marks a key milestone in the development of China's low-altitude economy, with far-reaching implications for the development of various sectors within it. The main technical characteristics that distinguish electric vertical takeoff and landing aircraft (eVTOLs) from conventional aircraft include the ability to achieve vertical takeoff and landing, the adoption of distributed electric propulsion, and the use of all-electric/hybrid power technology. Benefiting from the development of electric motors, batteries, and automation technologies, compared with conventional helicopters, eVTOLs are more environmentally friendly, produce lower noise, have a higher level of automation, and thus offer advantages such as lower operating costs, and higher safety and reliability. With the rise of urban air mobility, the eVTOL industry is developing rapidly. eVTOL motors account for a high proportion of the value, and due to the extremely high safety requirements for aviation aircraft, to ensure that the failure rate is reduced to the required range, motors typically need to be replaced multiple times throughout the aircraft's life cycle. According to our calculations, it is projected that by 2030, the front-end market size of eVTOL motors will be 10.79 billion yuan in the medium term, and the aftermarket repair and replacement market size will be 32.37 billion yuan.

Founder Securities believes that lightweighting is the general trend, helping to optimize and enhance humanoid robots in terms of driving range, performance, and service life. With the support of policies and capital, the humanoid robot industry is accelerating and is expected to achieve a commercial closed loop in the near future.

A research report by Minsheng Securities points out: Joint servo motors are the core of a humanoid robot's motion capabilities, and performance-driven design is the focus for future development.Humanoid robots utilize motors as their power source, presenting unique and diverse functional requirements, such as high torque density, dynamic response capabilities, lightweight design, low noise, and low vibration. Frameless torque motors and coreless motors, due to their compact structures, align well with the functional demands of humanoid robots and have thus emerged as leading choices. In practical applications, the joint solutions vary across different positions, and the structures formed by different transmission components paired with motors endow the motors with distinct characteristics, leading to varying requirements for motor performance. Additionally, the structure and dimensions of the motors themselves also contribute to differences in their output performance. Currently, the joint structures of humanoid robots are not yet perfect, leaving significant room for improvement in the future. Given the diverse functional requirements of humanoid robots, designing motors based on specific performance needs may become a key focus in the future development of humanoid robot motion cores, with the R&D of new materials playing a crucial role in this process. Magnetic components are key parts of servo motors, and designing or constructing core barriers that fit is crucial. Rare earth permanent magnets are core materials for humanoid robots. Against the backdrop of robot functional requirements driving development, a new era of material design for magnetic components may be dawning.

In a research report by Soochow Securities commenting on Hengshuai Co., Ltd., it was noted that the company possesses core competitiveness in areas such as technological R&D, cost control, customer coverage, product expansion, and capacity layout. Technological R&D: The company excels in independent synchronous R&D of products, product testing, mold development and design, as well as the independent R&D, design, and integration of intelligent fully automated production lines. Cost Control: By implementing a platform-based strategy for its products, combined with vertical integration of the industry chain and intelligent fully automated production, the company has effectively enhanced its cost advantages. Customer Coverage: The company has in-depth partnerships with OEMs such as BMW, Geely, North American new energy customers, Li Auto, as well as internationally renowned Tier 1 suppliers like Stabilus, Qinbo Wiper, and Edscha. Product Expansion: Micro-motors, as a platform technology, exhibit strong scalability. The company, centered around micro-motor technology, continuously enriches its application scenarios and product portfolio. Capacity Layout: The company is advancing the construction of factories in Thailand and the US, which will enhance its ability to support global customers and expand its overseas market share.

Quality Development Trends and Parts Demand Analysis of Intelligent Robots

Zhu Xiaopeng, the Product Line Manager of Robot Evaluation Services at Shanghai Electric Science Research Institute (Group) Co., Ltd. and concurrently the Secretary of the Robot Testing and Certification Alliance, previously shared insights on the quality development trends and parts demand analysis of intelligent robots at theIEMC 2024 SMM (4th) Motor Annual Conference & Industry Chain Expo - Motor Innovation and Energy-Saving Technology Forumhosted by the National Engineering Research Center for Precision Micro and Special Motors, SMM Information & Technology Co., Ltd., Ningbo Zhaobao Magnet Co., Ltd., and Zhejiang Electric Drive Innovation Center.It introduces the requirements for the reliability of key robot parts, the requirements for functional safety of key parts, the requirements posed by application scenarios on key robot components, and the requirements for high integration: robot integrated joints (integrated joint products are traditional mechatronic components, and their detection and certification are carried out with reference to conventional mechatronic products. Currently, the focus is on product reliability, while also considering safety, electromagnetic compatibility, and performance claim compliance, etc.). Among them, the requirements for functional safety of key parts are as follows:

For more information on the fundamentals and technical aspects of motors, please participate in IEMC 2025 SMM (5th) Motor Annual Conference & Industry Chain Expo.