香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全 部或任何部份內容 而産生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公司董事會欣然宣佈，近日，本集團在北京成功舉辦了主題為「首程領航，智創未來 」的機器人產業生態峰會暨投資人大會。於會上，本集團與50餘家機器人企業現場集中 進行現場簽約，並宣佈啟動「機器人綜合體驗店」全球品牌招募計劃，為中國機器人產 業發展注入全新動能，推動機器人產業服務戰略升級。 本集團與50餘家來自具身智能、醫療應用、教育陪伴、服務作業、檢測巡檢、水面作業 及飛行器等細分領域的機器人企業進行集中簽約，圍繞應用場景推進項目合作，構建協 同共贏的產業生態。同時，本集團正式啟動「機器人綜合體驗店」全球品牌招募計劃， 率先構建融合「展示體驗+場景銷售+專業服務+產業賦能」於一體的機器人全場景平台， 推動機器人產業商業化落地。 本次會議的成功舉辦，標誌著本集團「資本+場景+產業鏈」一體化服務戰略邁出了堅實 的一步，並已進入全面落地實施階段。未來，本集團將繼續堅定致力於通過資本賦能和 產業協同，依託其獨特的 ...

Short Selling Ratios - Great Wall Motor-R (82333) and JD Health-R (86618) have the highest short selling ratios at 100.00% [1][2] - BYD Company-R (81211) follows with a short selling ratio of 86.11% [1][2] Short Selling Amounts - Xiaomi Group-W (01810) leads in short selling amount with 1.733 billion [2] - Meituan-W (03690) and Alibaba-SW (09988) follow with 901 million and 803 million respectively [1][2] Deviation Values - JD Health-R (86618) has the highest deviation value at 48.31% [1][2] - SF Holding (N23067) and Xiaomi Group-W (01810) also show significant deviation values of 47.35% and 36.04% respectively [1][2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而産生或因倚賴該等內容而 引致的任何損失承擔任何責任。 建議根據一般性授權發行於 2026 年到期的 1.8 億美元 0.75%可轉換債券 聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 本公告僅供參考之用，並不構成收購、購買或認購本公告所述證券的邀請或要約。 本公告及其任何內容並不構成任何合約或承諾的依據。本公告並非亦不擬作為於美國或其他地方要約 出售本公司證券或招攬購買本公司證券的要約。本公告所述證券概無及將不會根據經修訂 1933 年美國 證券法（「證券法」）或美國任何州或其他司法權區的證券法登記。本公告所述證券將依照證券法規 例 S （「規例 S 」）在美國境外發售及出售，且除根據證券法及適用州或地方證券法的登記規定獲豁 免或屬不受該等登記規定所規限的交易外，證券不可在美國境內（定義見證券法 S 規例）提呈發售或 出售。本公告及其中所載資料不得直接或間接在或向美國派發。本公告所述證券並無且將不會在美國 或任何限制或禁止有關提呈發售的其他司法權區進行公 ...

Core Insights - The strategic partnership between Baixinniu, an L4 autonomous driving company, and Shoucheng Holdings, a leader in robotic smart operations, marks a significant milestone in the integration of the autonomous delivery industry with technology, scenarios, and operations [1][3][6] Group 1: Company Profiles - Baixinniu is recognized for its advanced L4 autonomous driving technology, having successfully operated in over 100 cities globally, including Beijing, Shanghai, and Shenzhen, across nine application scenarios such as express logistics and fresh delivery [4] - Shoucheng Holdings focuses on smart infrastructure asset services, managing multiple industry funds and investing in high-quality companies in robotics and new energy sectors [4] Group 2: Strategic Collaboration - The collaboration aims to leverage Baixinniu's autonomous vehicle technology and Shoucheng Holdings' operational management capabilities to explore deeper applications of autonomous vehicles in various scenarios [6] - This partnership is seen as a key milestone for Baixinniu in creating a closed-loop system of technology, scenarios, and operations, providing a "super testing ground" for scalable and sustainable deployment of autonomous vehicles [6] - The alliance is expected to define new standards for urban smart services in autonomous delivery, contributing to the development of efficient and green urban logistics networks [6]

Group 1 - The "Robot Carnival" held at Shougang Park showcased over 50 robot companies and their innovative products, highlighting the industry's investment trends and opportunities [2] - The event featured various applications of robots in industrial, medical, and service sectors, allowing the public to experience human-robot interaction [2] - Companies like Yushu Technology and Wanxun Technology presented robots for industrial inspections and automatic charging, demonstrating the practical deployment of robotics in real-world scenarios [2][5] Group 2 - The event included a unique robot pet, Ropet, which interacts with users and learns from them, showcasing advancements in consumer robotics [3] - The "Ouka Whale Spirit" water inspection robots autonomously clean and monitor water surfaces, equipped with advanced sensors for obstacle recognition [5] - Shougang Holdings announced a global recruitment plan for "robot comprehensive experience stores," aiming to create a complete consumer cycle from product release to service [5] Group 3 - The robotics sector is gaining significant attention from investors, with Shougang Holdings establishing a 10 billion RMB investment fund for the development of the robotics industry [5] - The company has invested in leading robotics firms such as Yushu Technology, Xinghai Map, and others, indicating a strong commitment to advancing the industry [5]

Summary of Key Points from the Conference Call Industry Overview - The mechanical industry has seen significant growth in the first half of 2025, with a nearly 14% increase, ranking sixth among all A-share sectors [2] - The industry is influenced by themes such as robotics, reducers, and hard technology, with a focus on undervalued assets [1][5] Core Insights and Arguments - **Investment Trends**: The mechanical sector's investment opportunities are concentrated in hard technology (e.g., giant wheel intelligence, controllable nuclear fusion) and undervalued assets [1][5] - **Domestic Demand**: The recovery in domestic demand for engineering machinery is moderate, primarily driven by equipment upgrades. Excavator sales slowed in Q2, but large excavators continue to perform well [1][6][7] - **External Demand**: The external demand for engineering machinery is strong, particularly in Asia, Africa, and Latin America, with potential growth in the European and American markets [1][9] - **Industrial Control Sector**: The industrial control sector reversed its downward trend in Q1 2025, showing a 2.35% year-on-year growth, with rapid growth in HVAC and industrial robots [1][10] Important but Overlooked Content - **Overseas Expansion**: China's manufacturing direct investment abroad has grown from $19.108 billion in 2018 to $27.342 billion in 2023, with a CAGR of 7.43%. ASEAN's share in this investment is increasing [4] - **Market Dynamics**: The mechanical industry is closely tied to the performance of the manufacturing, real estate, and infrastructure sectors, which are currently showing signs of weakness [3] - **Future Outlook**: The second half of 2025 is expected to see a focus on hard technology and high-dividend, low-valuation stocks, particularly in the Hong Kong market due to ample supply and global capital inflow [5][52] Recommendations - **Key Companies**: Recommended companies in the mechanical sector include Haitan International, Sany International, and Jerry Holdings, among others, with a focus on hard technology firms like Aobi Zhongguang and Sikang Technology [53] - **Investment Opportunities**: Investors are advised to pay attention to the controllable nuclear fusion sector, which is expected to see significant investment opportunities in the latter half of 2025 [50][51]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而産生或因倚賴該等內容而引致的任何損失承擔任何責任。 自願公告 北京機器人基金投資銀河通用 本公告乃由首程控股有限公司（「本公司」，連同其附屬公司「本集團」）自願發出。 本公司董事會欣然宣佈，近日，本集團所屬首程資本旗下公司（本公司之全資附屬公司） 所管理的北京機器人產業發展投資基金（有限合夥）(「北京機器人基金」)投資北京銀 河通用機器人有限公司(「銀河通用」),本次投資是繼2024年9月投資之後的追加投資， 進一步促進被投企業的產品的迭代升級，加速其場景落地與生態賦能。 銀河通用是一家專注於具身多模態大模型通用機器人研發的領先企業，致力於為全球用 戶提供智能機器人產品，服務於人類社會。此次投資將有助於銀河通用進一步促進其場 景落地與生態賦能，推動國內具身智能產業加速商業閉環並深度賦能零售、工業、養老 等行業發展。 本集團未來將堅定不移地持續加大在機器人產業的投資佈局，尤其是與產品成熟度高及 實際落地進展較快的行業龍頭持續加深合作，致力於通過資本賦能和產 ...

Group 1 - Key Point 1: 基石药业-B (02616) rose over 5% after its drug for lung cancer,舒格利单抗, received long-term survival data recognition in The Lancet Oncology, reinforcing its position as a first-line treatment in Europe [2] - Key Point 2: 海昌海洋公园 (02255) increased by over 4% as a major shareholder, 祥源控股, is set to acquire a 38.6% stake for HKD 22.95 billion, potentially alleviating liquidity pressures [2] - Key Point 3: 冠忠巴士 (00306) surged 27% with a projected 143% increase in annual pre-tax profit to HKD 165 million, driven by revenue growth, reduced fuel costs, and autonomous driving licenses [2] Group 2 - Key Point 1: 东方表行 (00398) fell over 5% due to a 5.2% decline in revenue and a 20% drop in net profit, attributed to weak luxury goods demand amid geopolitical conflicts and interest rate fluctuations [2] - Key Point 2: 北森控股 (09669) plummeted over 17% as its adjusted annual EBITDA was only HKD 28.9 million, with Everbright Securities lowering revenue forecasts by 10%-15% due to growth challenges [3] - Key Point 3: 顺丰控股 (06936) rose over 6% to a new high, with May express delivery revenue increasing by 13.4%, and the scaling of unmanned delivery vehicles potentially opening up future profit opportunities [3] Group 3 - Key Point 1: 中国中免 (01880) increased by over 5% as it accelerates the expansion of its duty-free stores, with 4 already opened and 9 more in preparation, benefiting from favorable policies [3] - Key Point 2: 华虹半导体 (01347) rose over 7% with a capacity utilization rate of 102.7%, and Tianfeng Securities optimistic about future contributions of USD 1.28 billion from its 9th factory [3] - Key Point 3: 网龙 (00777) increased over 3% after showcasing AI digital human presentation technology at a UN conference, launching the "EDA Education Metaverse" strategy, which catalyzed a revaluation of AI [4]

自願公告 北京機器人基金和北京首大興業基金投資墨現科技 本公告乃由首程控股有限公司（「本公司」，連同其附屬公司「本集團」）自願發出。 本公司董事會欣然宣佈，近日，本集團所屬首程資本旗下公司（本公司之全資附屬公司 ）所管理的北京機器人產業發展投資基金（有限合夥）(「北京機器人基金」)和北京首 大興業股權投資中心（有限合夥）(「北京首大興業基金」)投資墨現科技（東莞）有限 公司(「墨現科技」),進一步促進被投企業的產品的迭代升級，加速具身智能技術的商 業化進程。 墨現科技是一家專注於觸覺感測器，提供高適應性柔性壓力感測器方案的公司，通過原 理創新、工藝改進及技術突破的方式在感測器領域提供更多的解決方案。此次投資將有 助於墨現科技進一步促進機器人柔性觸覺感測器領域的生態構建，助力北京市在智能製 造、人工智能及機器人產業中形成技術引領優勢，加速具身智能技術的商業化進程。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全 部或任何部份內容 而産生或因倚賴該等內容而引致的任何損失承擔任何責任。 本集團未來將堅定不移地持續加大在機器人 ...

董事名單與其角色和職能 首程 控 股有 限 公司 董事 會 （「董事會 」） 成 員載 列 如下 ： 執行董事 趙天 暘 先生 （ 主席 ） 李浩 先 生 （ 副 主席 ） 許華 傑 先生 劉景 偉 先生 非執行董事 吳禮 順 先生 彭吉 海 先生 何智 恒 先生 獨 立 非 執 行 董事 王鑫 博 士 張泉 靈 女士 諸葛 文 靜女 士 張建 偉 博士 謝其 潤 女士 董事 會 設立 3個 董 事 委員 會 。下 表 提供 董事 會 成員 在 該等 委員 會 中的 職 務： | 董 事 | | 董事委員會 | | | --- | --- | --- | --- | | | 審核委員會 | 薪酬委員會 | 提名委員會 | | 趙天 暘 | | | C | | 李浩 | | | M | | 彭吉 海 | | M | | | 何智 恒 | M | | | | 王鑫 | C | M | M | | 張泉 靈 | M | C | M | | 諸葛 文 靜 | M | | M | | 張建 偉 | | M | | 附註： C 有關委員會主席 M 有關委員會成員 香港 ，2025 年 6 月 18 日 ...