Summary of Keda Control Conference Call Company Overview - Keda Control is a high-tech enterprise located in Taiyuan, Shanxi, specializing in smart mining, smart cities, and IoT, with smart mining accounting for over 60% of its business [4][2][3]. Core Business and Products - The company’s core products in the smart mining sector include: - Intelligent explosion-proof products - Control systems - Unmanned systems for production - Integrated management platforms - 5G communication systems - AI model analysis systems - Safety information management systems - Mining robots - Video AI analysis systems [2][4]. New Energy Charging and Swapping Business - Keda Control entered the new energy charging and swapping sector in 2022, investing approximately 400-500 million CNY in self-operated projects, focusing on community two-wheeled vehicle charging and heavy truck charging [2][6]. - The company has installed over 150,000 devices across 20 provinces, serving over 7 million regular customers and 10 million registered users, positioning itself as a leader in community charging and swapping [6]. Mining Robot Development - Keda Control collaborates with Yushu Technology to develop intelligent robots addressing challenges in complex and hazardous underground environments, aiming to enhance safety and reduce labor costs [2][9]. - The market for mining robots is substantial, with each mine requiring at least 10 inspection robots priced around 1 million CNY each, indicating a significant market capacity [11][12]. Financial Performance and Market Trends - The company’s performance is closely tied to the coal industry’s health, with coal prices having bottomed out in June 2025 and showing signs of recovery [17][18]. - Increased bidding activities and project investments are expected if coal companies recover by the end of the year, potentially improving Keda Control's performance in 2026 [3][18]. Acquisition of Haitu Technology - Keda Control is acquiring Haitu Technology to reduce costs and expand its application of intelligent technology into sectors like railways, military, and chemicals [5][19]. - This acquisition is expected to create synergies between Haitu's AI visual technology and Keda's AI solutions, enhancing both companies' market positions [19]. Challenges and Future Plans - The mining robot sector faces technical challenges, including autonomous capabilities, explosion-proof design, lightweight materials, and underground positioning and communication systems [14]. - Keda Control plans to establish a research and development base and aims to conduct underground trials by the end of next year, with a focus on overcoming these challenges [10][13]. Competitive Landscape in Charging Business - The charging station business is competitive, with declining profit margins due to regulatory changes and increased quality requirements [20]. - Keda Control is focusing on community charging, which offers more stability, and is implementing strategies to enhance operational efficiency and profitability [21]. Revenue Projections - Currently, Keda Control has four robot models generating approximately 10 million CNY in revenue, with plans to separately report robot product revenues starting in 2025 [21]. - The anticipated price for the multi-legged robot is over 1 million CNY, with an expected gross margin of around 50% [22]. Conclusion - Keda Control is strategically positioned in the smart mining and new energy sectors, with significant growth potential through technological advancements and market recovery in the coal industry. The company's focus on innovation and strategic partnerships is expected to drive future performance and market expansion [2][3][19].

Core Insights - The Shanxi sector showed strong performance on October 10, with an increase of 1.23%, and nearly 80% of stocks rising, indicating enhanced market confidence and activity [1][2] - Key contributors to this performance were energy stocks, particularly coal and electricity companies like Jinlihua Electric and Jinkong Coal [1] Stock Performance - Kexin Development stood out with a peak increase of 10.04%, marking its fourth consecutive day of gains with a total rise of 15.65% [1] - Jinlihua Electric also performed well, rising 6.73% from the previous trading day, with a cumulative increase of 8.72% over two days [1] - Among the declining stocks, Jinjian Biological, Dongjie Intelligent, Huaxiang Co., Northern Copper, and Keda Automation saw declines exceeding 1%, with Dongjie Intelligent experiencing a cumulative drop of 21.66% [1] Notable Contracts - Dongjie Intelligent recently signed a contract for an intelligent three-dimensional warehouse project with Henan Jiyuan Steel Group, valued at 50 million yuan, raising questions about its potential to reverse the ongoing decline [1]

Investment Rating - The report assigns a "Buy" rating for the company, marking it as the first coverage [5]. Core Insights - The company is recognized as the "first stock of smart mining" on the Beijing Stock Exchange, focusing on industrial internet technology for smart mining, IoT+, and smart municipal services [1][16]. - The company emphasizes R&D, with a high proportion of R&D personnel and significant investment in innovation, which is crucial for long-term growth [2][10]. - The market for mining robots is projected to be a trillion-dollar opportunity, with significant demand for inspection robots in coal mines [3][10]. - The collaboration with partners like Yushu Technology and Shanxi Coking Coal Group aims to address industry pain points and lead the transformation towards "embodied intelligence" in mining [4][10]. - The company plans to acquire a 51% stake in Haitu Technology to enhance its industrial internet capabilities and AI strategy [9][10]. Summary by Sections Company Overview - Founded in November 2000, the company is headquartered in Taiyuan, Shanxi Province, and was listed on the Beijing Stock Exchange in November 2021 [1][16]. - The company has developed a range of technologies and products for smart mining, including robots that have been recognized by national authorities [1][16]. R&D Focus - In 2024, the company has 278 R&D personnel, accounting for 43.2% of total employees, with a significant increase in patent holdings [2][10]. - The R&D expenditure for 2024 is projected at 51.24 million yuan, representing 11.81% of revenue, indicating a strong commitment to innovation [2][10]. Market Potential - The demand for inspection robots in coal mines is estimated at around 400,000 units, with a conservative market value exceeding 100 billion yuan [3][10]. - The company is positioned to capitalize on the growing trend of smart mining, supported by government policies and technological advancements [27][28]. Strategic Partnerships - The collaboration with Yushu Technology and Shanxi Coking Coal Group aims to create a comprehensive solution for mining automation, addressing the challenges of deploying multifunctional robots in complex environments [4][10]. - The partnership leverages the strengths of each company to overcome technological and operational barriers in the mining sector [4][10]. Financial Projections - The company forecasts net profits of 26.05 million yuan, 71.47 million yuan, and 101.26 million yuan for 2025, 2026, and 2027, respectively, with corresponding P/E ratios indicating potential for value re-evaluation [10][11].

证券代码：831832 证券简称：科达自控 公告编号：2025-138 山西科达自控股份有限公司 2025 年第三次临时股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 9 月 29 日 2.会议召开地点：山西转型综合改革示范区太原学府园区长治路 227 号高新 国际 B 座公司会议室 3.会议召开方式：现场投票和网络投票相结合 6.召开情况合法合规的说明： 本次会议的召开符合《中华人民共和国公司法》及有关法律、法规和《公司 章程》的规定。 （二）会议出席情况 出席和授权出席本次股东会的股东共 25 人，持有表决权的股份总数 44,507,901 股，占公司有表决权股份总数的 42.5725%。 其中通过网络投票参与本次股东会的股东共 0 人，持有表决权的股份总数 0 股，占公司有表决权股份总数的 0%。 （三）公司董事、高级管理人员出席或列席股东会情况 1.公司在任董事 8 人，出席 8 人； 2.公司董事会秘书 ...

山 西 华 炬 律 师 事 务 所 关 于 山 西 科 达 自 控 股 份 有 限 公 司 2025 年 第 三 次 临 时 股 东 会 之 法律 意 见 书 太原市长风商务区长兴路1号华润大厦T4座34-35层 030000 34-35 / f, building T4, China resources building, no.1 changxing road, changfeng business district, taiyuan city. 电话/Tel：0351 -2715333\4\5\6\7\8\9 E-mail: office@huajulaw.com www.huajulaw.com 法律意见书 山西华炬律师事务所 关于山西科达自控股份有限公司 2025 年第三次临时股东会之 法律意见书 致：山西科达自控股份有限公司 根据《中华人民共和国公司法》(以下简称《公司法》)、《中华人民共和国 证券法》（以下简称《证券法》）、《山西科达自控股份有限公司章程》（以下 简称《公司章程》）、《上市公司股东会规则》（以下简称《规则》）的规定， 山西华炬律师事务所（以下简称"本所"）接受山西科达自控股份有限 ...

Core Insights - The collaboration aims to develop intelligent robots for mining, integrating autonomous navigation, multi-modal environmental perception, gas detection, and emergency response capabilities [1][2] - A joint research laboratory for specialized mining robots has been established by Shanxi Coking Coal Energy Group, Shanxi Keda Control Group, and Hangzhou Yushu Technology [1] - The partnership signifies the formation of an innovative consortium focused on technology research, pilot transformation, and practical application in mining [1][2] Technology Development - Hangzhou Yushu Technology will provide high-performance robotic bodies, while the Hangzhou AI Application Pilot Base will facilitate rapid technology transformation for harsh underground environments [2] - The consortium aims to address key issues of technology usability and effectiveness in mining operations [2] Application and Safety - Shanxi Coking Coal Energy Group will provide real underground application scenarios for testing and validation, ensuring the robots meet safety production standards [2] - Shanxi Keda Control Group will handle system integration and safety certification, focusing on compliance with coal mine safety regulations [2] Strategic Importance - The collaboration is seen as a direct response to the "Artificial Intelligence +" initiative, combining technological advantages with market needs in Shanxi [2]

山西科达自控股份有限公司 关于回购股份注销完成暨控股股东、实控人及其一致行动人 证券代码：831832 证券简称：科达自控 公告编号：2025-137 持股比例被动增加触及 1%整数倍的提示性公告 | 李更新 | 1,521,720 | 1.4107 | 1,521,720 | 1.4444 | | --- | --- | --- | --- | --- | | 高波 | 710,564 | 0.6587 | 710,564 | 0.6745 | | 季金荣 | 676,851 | 0.6275 | 676,851 | 0.6425 | | 常青 | 526,207 | 0.4878 | 526,207 | 0.4995 | | 段克非 | 306,184 | 0.2838 | 306,184 | 0.2906 | | 温晋忠 | 243,452 | 0.2257 | 243,452 | 0.2311 | | 张飚 | 147,311 | 0.1366 | 147,311 | 0.1398 | | 张志峰 | 124,618 | 0.1155 | 124,618 | 0.1183 | | 张永红 | 61,8 ...

证券代码：831832 证券简称：科达自控 公告编号：2025-136 山西科达自控股份有限公司 股权激励计划限制性股票解除限售公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、本次股票解除限售数量总额为 28,350 股，占公司总股本 0.0263%，可交易 时间为 2025 年 9 月 22 日。 D 限制性股票解除限售 E 公开发行前特定主体股票解除限售上市 二、本次股票解除限售的明细情况及原因 单位：股 | | | 是否为 | 董事、 | | | | | 本次解 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 股东姓 | 控股股 东、实 | 监事、 | 本次解 | 本次解 | 本次变 更限售 | 变更后 | 除限售 | 尚未解除 | | 序 | | | 高级管 | | 除限售 | | | 股数占 | | | 号 | 名或名 | 际控制 | 理人员 | 限售原 | 登记股 | 类型登 | 限售类 | ...

常州海图信息科技股份有限公司 审计报告 R E P O R T 天 健 会 计 师 事 务 所 Pan -C h i n a Ce rt ifi e d Pu b l ic Acc o u n t a n ts 目 录 | 第 | | --- | | 一、审计报告………………………………………………………… 1—5 页 | | 二、财务报表…………………………………………………………第 6—13 | | | 页 | | | --- | --- | --- | --- | --- | | （一）合并资产负债表………………………………………………第 | | | 页 | 6 | | （二）母公司资产负债表……………………………………………第 | | | 页 | 7 | | （三）合并利润表……………………………………………………第 | | | 页 | 8 | | （四）母公司利润表…………………………………………………第 | | | 页 | 9 | | （五）合并现金流量表…………………………………………… | 第 | 10 | 页 | | | （六）母公司现金流量表………………………………………… | 第 | 1 ...

证券代码：831832 证券简称： 科达自控 公告编号：2025- 133 山西科达自控股份有限公司 关于拟签订融资协议的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整， 没有虚假记 载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 为满足资金需求，山西科达自控股份有限公司(以下简称：公司) 拟与西门 子财务租赁有限公司、西门子商业保理公司(以下合并简称"西门子金融")签 订融资协议。具体情况如下： 一、交易概述 公司拟与西门子金融签订融资协议，以租赁和分期付款等形式进行融资， 总金额不超过人民币 2,600 万元(实际金额以提款金额为准)，期限为不超过 30 个月。 统一社会信用代码：91110000717853297N 成立日期：2004年12月27日 经营范围：（一）本外币的各种形式的融资性租赁业务，如针对租赁物为 国内和国外各种先进或适当的机械设备如生产设备、通讯设备、医疗设备、科 研设备、检验和测试设备、工程设备、交通工具（包括飞机、车辆和船只）、 信息技术设备等的直接租赁、转租、销售和回租、杠杆租赁、委托租赁、联合 租赁和经营性租赁等；销售I、 ...