研报掘金丨华泰证券：上调敏实集团目标价至49.71港元，新业务有望打开中长期增长上限

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华泰证券发表报告指，敏实集团早前与绿的谐波签订框架协议，拟于美国成立合资公司开展人形机器人关节模块业务，机器人业务全球化布局再落地。此前公司已于2025年12月与某龙头机器人公司签署欧洲战略合作协议，布局整机代工及零件供应。展望后续，该行认为敏实传统业务有望保持稳健增长，电池盒业务全球范围加速放量，机器人/ AI液冷/ 低空经济等战略新业务前瞻布局、多点开花，有望打开公司中长期增长上限。该行维持...

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