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2025年4月15日,方正电机(维权)(002196.SZ)发布2025年一季度报告。报告显示2025年方正电机一季度营业总收入为5.31亿元,较去年同期增加4482.43万元,实现2年连续上涨,同比上涨9.22%。2024年公司多功能家用缝纫机电机年产400万套,全球市场占有率约为75%。

政策护航叠加技术突围,筑牢新能源电驱与汽车电子增长基石

2024年全球新能源汽车驱动电机行业在政策与市场双轮驱动下快速扩容:欧盟明确2035年禁售燃油车,美国规划2030年电动车占比50%;我国新能源汽车产销量达1288.8万/1286.6万辆,同比增34.4%/35.5%,出口首破200万辆,市场占有率40.9%。政策层面,国家及浙江出台专项规划推动驱动电机国产化与集成化技术攻关,全年新能源乘用车电驱动系统装机量775.8万套、同比增41.72%,方正电机等企业跻身出货量前列,行业技术迭代与份额集中趋势显著。

2024年汽车电子行业随电动化、智能化趋势加速渗透,作为提升汽车安全、舒适、经济性的核心技术,其在整车成本占比持续攀升,预计2030年达49.55%。我国汽车电子虽起步较晚,但在新能源车、无人驾驶及车载信息系统技术驱动下快速成长:2019年市场规模962亿美元(同比增10.07%),2020年达1029亿美元,预计2025年增至1412亿美元,呈现技术创新与市场扩容双轮驱动的发展态势。

四大事业部协同发力驱动电机出货70万台

2024年方正电机实现营收24.74亿元,依托数字化工厂与人才体系,四大事业部协同突破。微特电驱事业部完成百得空压机电机首柜交付、延峰4个转子项目量产,家用缝纫机电机多系列高压DC马达投产,电动工具电机收入增69%;商用车事业部国六天然气控制系统配套主流重卡,全国产芯片控制器供无人机,氢/甲醇发动机控制器完成多车型匹配;电子事业部深圳基地获"国家小巨人"企业资格,与徕芬合作个护产品,与创鑫激光开拓激光业务;新能源电驱事业部出货驱动电机70万台,承接蔚来、小鹏等多个定转子项目,与德国原博世团队签订EHPS双元电机电控开发协议。

加速布局机器人关节领域,形成高新技术研发优势

方正电机紧跟“新质生产力”发展导向,加速布局机器人关节及电动飞行器驱动系统等高潜力业务。2024年人形机器人关节产品进入客户开发阶段,累计申请相关专利33项(已获批2项);2025年3月获某客户电动飞行器驱动系统开发定点,目前项目有序推进。依托研发资源平台,公司实现创新设计与工艺制造深度融合,突破传统技术边界,为多维度业务拓展奠定技术基础。

方正电机以市场需求为驱动,持续强化技术研发与创新能力,2024年研发费用达1.78亿元,同比增长5.91%。全年累计授权专利109项,含国际专利4项、发明专利19项,软件著作权5项,覆盖电机控制、材料工艺等核心领域,形成从基础研究到应用转化的全链条技术储备,为产品升级及新业务开拓提供坚实支撑。

全链绿动绿色制造进阶之路

方正电机秉持可持续发展理念,践行绿色制造。产品研发时,借生命周期评估(LCA)优化结构与选材,降低产品全生命周期能耗与环境影响。生产环节,持续升级工艺,驱动电机生产线引入新型节能电机与高效冷却系统,降低生产耗电。能源管理上,大力推进光伏项目,德清基地2024年新增4兆瓦光伏装机,减少对传统电网依赖,降低碳排放,提升绿色发展水平,助力经济与环境协调共进。

产能技术双驱动市场人才共赋能

2025年,方正电机将以战略攻坚为核心,从产能技术双轮驱动与市场人才协同赋能两大主线破局,系统推进多维度战略落地,全面提升核心竞争力。

在产能建设与技术攻坚上,稳步推进德清300万台驱动电机产能及上海研发中心建设,提升华东智能控制器基地效率,整合研发资源开拓汽车电子新增长点;技术攻坚聚焦差异化需求,商用车事业部深耕能源发动机控制技术,新能源电驱事业部研发新一代电机及电控系统,微特电驱事业部拓展机器人关节电机等前瞻领域;依托丽水未来工厂经验推广数字化系统,优化制造流程、提升材料利用率,以技术创新与产能升级筑牢根基。

在市场开拓与人才支撑上,坚持“深耕老客户、开拓新客户”,推动零跑、蔚来等已定点项目量产,深化合作并拓展国际客户及高附加值订单。人才体系以“内培外引”双轮驱动,通过校企合作、内部培养与外部招聘强化核心团队,完善“师带徒”机制加速人才成长,构建高效协同体系,实现市场拓展与人才赋能深度协同,为战略目标提供动能。

方正电机在《关于公司未来三年(2025-2027年度)股东回报规划》中也承诺,为建立中长期回报机制,公司将会在当年可分配利润为正、财务报告通过标准无保留意见审计且保障公司正常经营及长期发展的前提下,原则上每年进行一次现金分红,现金分配比例不低于当年可分配利润的10%,且连续三年累计现金分配额不少于该三年年均可分配利润的30%。

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