Core Viewpoint - The company maintains a "buy" rating for Shoucheng Holdings (00697) due to its strong market position in the parking lot operation sector and its strategic expansion into the robotics industry, supported by stable cash flow and unique business models [1] Group 1: Robotics Market Expansion - The company has opened the first permanent robotics technology experience store in Beijing during the National Day holiday, showcasing 1,000 SKU robot products across various life scenarios, enhancing consumer interaction and sales [2] - A pop-up store was launched at the T3 terminal of Beijing Capital International Airport, allowing travelers to experience robotics technology firsthand [2] - The company plans to open 20 additional stores nationwide over the next year to accelerate the promotion and sales of robotics products [2] Group 2: Robotics Industry Ecosystem - The company has invested in several leading firms in the robotics sector, covering humanoid robots, medical robots, and industrial robots, thereby deepening its industry layout [3] - A new subsidiary, Beijing Shoucheng Robotics Technology Industry Co., Ltd., has been established to create a comprehensive robotics industry ecosystem through sales, financing leasing, industry consulting, and supply chain management [3] - A strategic partnership with Alter Automotive has been signed to promote the application of robotics technology in automotive research and manufacturing [3] Group 3: Financial Performance - In the first half of 2025, the company reported revenue of HKD 731 million, a year-on-year increase of 36%, driven by efficient operations of new and existing projects [4] - Asset operation revenue reached approximately HKD 511 million, up 26% from the previous year, while asset financing revenue increased by 69% to about HKD 220 million [4] - The overall gross profit for the first half of 2025 was approximately HKD 295 million, also reflecting a 26% increase year-on-year, with a high interim dividend payout ratio of 80% [4]

Core Viewpoint - The opening of the "Tao Zhu New Manufacturing Bureau" store at Beijing Capital International Airport T3 marks a significant expansion of the company's robot technology experience stores, providing travelers with a unique shopping experience that combines technology and travel [1][5]. Group 1: Store Details - The new store covers an area of approximately 100 square meters and is the first robot and smart technology experience space established at an international hub airport in China [1]. - The store features a variety of intelligent products and embodied intelligent consumer goods, enhancing the shopping experience for travelers [1][3]. - The store has already sold two small companion robots shortly after its opening, indicating strong consumer interest [1]. Group 2: Product Offerings - The store showcases over ten categories of products, including robots, smart headphones, companion robots, and smart cleaning devices [3]. - Interactive areas are available for travelers to rest and experience various new products, such as smart gimbals and AR glasses [3]. Group 3: Sales Performance and Future Plans - The first store opened at Shougang Park on October 1 has attracted a large number of customers, achieving daily sales of several tens of thousands of yuan, with some products experiencing short-term shortages [4]. - The company plans to open 20 more robot technology experience stores in major cities across the country within the next year, aiming to integrate online and offline shopping experiences [5].

Group 1 - Core viewpoint: CITIC Construction Investment reports that Shoucheng Holdings is building a business matrix in the infrastructure and technology asset sectors, creating an innovative model of "asset circulation + intelligent operation" [1] - The company is advancing an integrated development path in the robotics sector, transitioning into a full-chain service platform enterprise [1] - The company possesses growth attributes while also having high dividend value, leading to a positive outlook on its development prospects [1] - Revenue projections for 2025-2027 are estimated at HKD 14.79 billion, 17.92 billion, and 21.43 billion, with net profits of HKD 5.87 billion, 7.54 billion, and 9.09 billion respectively, maintaining a "buy" rating [1] Group 2 - On October 1, 2025, Shoucheng Holdings opened the first nationwide robot consumer experience store, "Tao Zhu Xin Zao Ju" (tentative name), in Beijing [2] - The robot technology experience store creates an integrated consumption loop of "selection - experience - delivery - service," showcasing over 200 robot products across various scenarios [2] - The store aims to extend the robotics industry chain to the consumer end, with plans to open multiple experience stores in key cities nationwide [2] - The company intends to integrate online and offline consumption scenarios through live streaming and physical stores, promoting the adoption of robotics in households [2]

Summary of Key Points Core Viewpoint - On October 10, 37 Hong Kong-listed companies conducted share buybacks, totaling 50.79 million shares and an amount of 803 million HKD [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 839,000 shares for 550 million HKD, with a highest price of 669.00 HKD and a lowest price of 648.00 HKD, bringing its total buyback amount for the year to 60.97 billion HKD [1][2]. - Xiaomi Group-W repurchased 1.92 million shares for 10 million HKD, with a highest price of 52.35 HKD and a lowest price of 51.95 HKD, totaling 361 million HKD in buybacks for the year [1][2]. - First Journey Holdings repurchased 25.45 million shares for 58.28 million HKD, with a highest price of 2.31 HKD and a lowest price of 2.25 HKD, accumulating 131 million HKD in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on October 10 was from Tencent Holdings at 550 million HKD, followed by Xiaomi Group-W at 10 million HKD [1][2]. - In terms of share quantity, First Journey Holdings had the most significant buyback with 25.45 million shares, followed by China Electric Power Technology and First Jia Technology with 4 million and 3.08 million shares, respectively [1][2].

Core Viewpoint - The company, Shoucheng Holdings (00697.HK), announced a share buyback on October 10, 2023, spending HKD 58.28 million to repurchase 25.45 million shares [1]. Group 1 - The total expenditure for the share buyback was HKD 58.28 million [1]. - The number of shares repurchased in this transaction was 25.45 million [1].

Core Viewpoint - The company, 首程控股 (00697), announced a share buyback plan involving an expenditure of HKD 58.2847 million to repurchase 25.45 million shares at a price range of HKD 2.25 to 2.31 per share [1] Summary by Relevant Categories - **Company Actions** - The company will repurchase a total of 25.45 million shares [1] - The total expenditure for the buyback is HKD 58.2847 million [1] - The buyback price per share is set between HKD 2.25 and HKD 2.31 [1]

智通财经APP讯，首程控股(00697)发布公告，于2025年10月10日该公司斥资5828.47万港元回购2545万 股，回购价格为每股2.25-2.31港元。 ...

第 2 頁 共 7 頁 v 1.3.0 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 首程控股有限公司 呈交日期： 2025年10月10日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | | 00697 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | ...

Core Insights - The "I AM HERE Spring Xiyu Intelligent Manufacturing Driving Future" immersive robot interactive experience exhibition has launched in Chengdu's Chunxi Road business district, attracting significant public interest and participation [1][3] - The event features the debut of "Tao Zhu Xin Zao Ju," a new brand from Shoucheng Holdings, showcasing over 20 cutting-edge robotic products and technologies [3][4] - Shoucheng Holdings plans to open 20 "Tao Zhu Xin Zao Ju" stores nationwide within the next year, aiming to integrate technology into everyday life [3] Company Highlights - Shoucheng Holdings is a key player in the domestic robotics industry, focusing on humanoid robots, intelligent perception, and AI foundational models [3] - The "Tao Zhu Xin Zao Ju" store offers a one-stop experience for consumers, combining immersive interaction, on-site experience, and instant purchasing [3] - The store features products from six leading robotics companies, covering various applications such as family companionship, interactive exhibitions, and educational sports [4] Industry Trends - The event marks a significant trend towards integrating robotics into consumer experiences, with a focus on immersive and interactive technology [1][3] - The Chunxi Road business district is positioned as a prime location for brand launches and first stores in Southwest China, enhancing its commercial influence [3] - The robotics sector is witnessing rapid advancements in technology and applications, as evidenced by the diverse range of products showcased at the exhibition [4]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年9月30日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 首程控股有限公司 | | | | 呈交日期: | 2025年10月2日 | | | | I. 法定/註冊股本變動 不適用 | | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00697 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 7,917,394,410 | | 0 | | 7,917,394,410 | | 增加 / 減 ...