Core Insights - The strategic cooperation framework agreement between Luyuan Group and Yujian Technology aims to promote the application of 5,000 robotic dogs in smart store upgrades, marking a new phase in their partnership focused on intelligent retail [1][2][5] Group 1: Strategic Cooperation - The agreement was signed in Jinhua by key executives from both companies, indicating a strong commitment to collaboration [1] - The partnership will leverage Luyuan's extensive network of over 10,000 stores to explore large-scale applications of embodied intelligent robots [2][5] - The robotic dogs will serve multiple functions in stores, enhancing operational efficiency and customer service through intelligent upgrades [2][3] Group 2: Technological and Manufacturing Collaboration - The collaboration aims to create a replicable smart store system solution, establishing a benchmark for the commercial application of embodied intelligent technology [3] - Luyuan will integrate Yujian's robotic arms into its factory automation processes, accelerating the smart transformation of manufacturing [3] - The partnership will involve joint development of industry-level robotic projects, with both companies contributing their respective technological strengths [3] Group 3: Market Expansion and Brand Integration - The cooperation will focus on deep integration of brand, channel, and market resources to promote the widespread adoption of intelligent robotic dogs in consumer markets [5] - The collaboration signifies a strategic move towards commercializing embodied intelligent robots, transitioning from concept to practical application [5] - The partnership is expected to create tangible commercial value and establish a replicable model for smart retail, enhancing the industry's overall landscape [5]

Core Viewpoint - Green Source Group (2451.HK) and Yujian Technology (2432.HK) signed a strategic cooperation framework agreement to enhance smart store upgrades through the application of 5,000 robotic dogs, focusing on embodied intelligence in various scenarios such as smart stores and smart factories [1] Group 1 - The strategic cooperation aims to leverage deep consensus in product research and industrial application [1] - The initiative will explore the application of embodied intelligence in smart stores and smart factories [1] - The project targets the deployment of 5,000 robotic dogs for the smart store upgrade plan [1]

Group 1 - The core viewpoint of the article is the strategic partnership between Luyuan Group and Yuejiang Technology to enhance smart store upgrades through the application of intelligent machines [1] - The collaboration aims to deploy a total of 5,000 robotic dogs as part of the smart store upgrade initiative [1] - The partnership will explore the application of embodied intelligence in various scenarios, including smart stores and smart factories [1]

深圳市越疆科技股份有限公司 章 程 （2025年11月） | 第一章 | | | | | | | | | | 總則 | | | 3 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 第二章 | | | | | | | | | | 經營宗旨和範圍 | | | 5 | | 第三章 | | | | | | | | | | 股份 | | | 5 | | 第四章 | | | | | | | | | | 股東和股東會 | | | 13 | | 第五章 | | | | | | | | | | 董事會 | | | 35 | | 第六章 | | | | | | | | | | 總經理及其他高級管理人員 | | | 47 | | 第七章 | | | | | | | | | | 監事會 | | | 49 | | 第 八 | 章 | 財 務 | 會 | 計 制 | 度、利 | 潤 分 | 配 | 和 | 審 | | | 計 | 52 | | 第九章 | | | | | | | | | | 通知 | | | ...

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 就 因 本 公 告 全部或任何部分內容所產生或因依賴該等內容而引致的任何損失承擔任何責 任。 SHENZHEN DOBOT CORP LTD 深圳市越疆科技股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2432） 修訂公司章程 茲提述深圳市越疆科技股份有限公司（「本公司」）日期分別為2025年11月6日 及 2025年11月13日的公告（「公 告」），內 容 有 關 根 據 一 般 授 權 配 售 新H股。除 文 義 另 有 所 指 外，本 公 告 所 有 詞 彙 與 公 告 內 所 界 定 者 具 有 相 同 含 義。 | 章程序號 | 修訂前章程內容 | | | | 修訂後章程內容 | | --- | --- | --- | --- | --- | --- | | 第五條 | 公司註冊資本為人民幣 | | | | 公司註冊資本為人民幣 | | | 423,295,400萬 ...

Core Insights - The top three companies with the highest short positions as of November 14 are Vanke Enterprises (02202), COSCO Shipping Holdings (01919), and ZTE Corporation (00763) with short ratios of 17.68%, 16.49%, and 16.03% respectively [1][2] - The companies with the largest absolute increase in short positions include GCL-Poly Energy (03800), Dongfang Electric (01072), and Hansoh Pharmaceutical (01276), with increases of 1.99%, 1.54%, and 1.35% respectively [1][2] - The companies with the largest absolute decrease in short positions are Ganfeng Lithium (01772), ZTE Corporation (00763), and Samsonite (01910), with decreases of -2.53%, -1.02%, and -0.95% respectively [1][2] Top 10 Short Positions - The top 10 companies with the highest short ratios include Vanke Enterprises (02202) at 17.68%, COSCO Shipping Holdings (01919) at 16.49%, and ZTE Corporation (00763) at 16.03% [2] - Other notable companies in the top 10 include Heng Rui Pharmaceutical (01276) at 15.64% and Ping An Insurance (02318) at 13.66% [2] Changes in Short Positions - The companies with the largest increases in short ratios include GCL-Poly Energy (03800) from 6.87% to 8.86%, Dongfang Electric (01072) from 8.67% to 10.21%, and Heng Rui Pharmaceutical (01276) from 14.30% to 15.64% [2] - Conversely, the companies with the largest decreases in short ratios include Ganfeng Lithium (01772) from 11.32% to 8.79%, ZTE Corporation (00763) from 17.05% to 16.03%, and Samsonite (01910) from 6.67% to 5.72% [2][3]

具身智能热度空前 今年以来"具身智能"成为仅次于大模型的热门概念，万得（Wind）数据显示，今年以来截至10 月 31 日，二级市场具身智能指数涨幅超 60%，机器人指 数涨幅也突破 35%。 这里稍微延展解释一下，什么是"具身智能"，简单来说，具身智能是指一种基于物理身体进行感知和行动的智能系统，也就是人工智能应用于身体上，身 体形态并不固定，目前包括四足机器人（机器狗）、轮式机器人、人形机器人等多种形态。其中，人形机器人技术难度和工艺难度最高，且业内普遍认为 人形的应用空间最广，因此是其中最热门的方向。 尤其是今年又被称为人形机器人量产元年，在政策支持和产业链成熟度上取得了关键性的突破，开始从实验室走向真实的商业应用。 | | | 具身智能企业上市情况一览表 | | | | --- | --- | --- | --- | --- | | 公司名称 | IPO # | 2024年营收 | 2024 SEIFIE | | | > | (截至2025年11月) | | 净利润 | | | 优必选 | 2023年12月29日已上市 (09880.HK) | 13.05亿元 | | "人形机器人第一股"。上市后股价 ...

Group 1 - Elon Musk expressed optimism that artificial intelligence and robotics could eliminate poverty and enhance wealth for everyone [2][5] - He emphasized the need for AI to prioritize truth and beauty to achieve this future, clarifying that he refers to absolute poverty rather than relative poverty [5] - The excitement surrounding Musk's views has fueled interest and momentum in the embodied intelligence sector, leading to increased activity in venture capital, startups, and the stock market [8] Group 2 - The concept of "embodied intelligence" has gained significant traction this year, with the embodied intelligence index rising over 60% and the robotics index increasing by more than 35% as of October 31 [9] - Embodied intelligence refers to intelligent systems that perceive and act based on physical bodies, including quadrupedal robots, wheeled robots, and humanoid robots, with humanoid robots being the most popular due to their broad application potential [9] - 2023 is being referred to as the year of mass production for humanoid robots, with key breakthroughs in policy support and industry chain maturity transitioning from laboratory to real-world applications [9] Group 3 - A summary of recent IPO activities in the embodied intelligence sector shows various companies listing with significant revenue projections and losses, indicating a competitive landscape [10] - Companies like Unisound and Zhiyuan are making strategic moves to enhance their market positions, with Unisound launching new humanoid products and Zhiyuan pursuing a series of investments in related startups [12][15] - The IPO process is seen as a strategic positioning tool for companies in the humanoid robot sector, providing necessary funding and credibility for future growth [11] Group 4 - Zhiyuan has been actively investing in numerous startups to build a comprehensive ecosystem around its humanoid robotics business, with a reported valuation exceeding 15 billion RMB despite low revenue [16][17] - The company is exploring various avenues for listing, including potential backdoor listings, while maintaining a focus on independent operations for its subsidiaries [18][20] - The competition for being the "first" in the market is driving companies to secure capital and establish their presence ahead of mass production capabilities [21][22]

Group 1: Market Overview - The Hang Seng Index fell by 0.45%, down 117 points, closing at 25,812 points, while the Hang Seng Tech Index dropped by 0.98% [1] - The trading volume in the Hong Kong stock market reached HKD 112.6 billion in the morning session [1] Group 2: Hydrogen Energy Sector - Hydrogen energy stocks experienced a significant rise, driven by the continuous rollout of green hydrogen ammonia industry policies, indicating a maturing industry [1] - Reshaping Energy (02570) surged by 24.29%, while Guofu Hydrogen Energy (02582) increased by over 4.64% [1] Group 3: Oil Sector - Oil stocks continued their recent upward trend, with institutions noting the resilience of the three major oil companies during the oil price downturn [1] - Sinopec (00386) rose by 3.6%, PetroChina (00857) increased by 2.49%, and CNOOC (00883) gained 2.11% [1] Group 4: Telecommunications and Technology - Changfei Optical Fiber and Cable (06869) saw an increase of over 4% after China Telecom completed the world's first ultra-long-distance hollow core fiber transmission experiment [1] - Boleton (01333) surged by over 10% as the company is set to globally launch its autonomous driving specialized mining truck this Friday [1] Group 5: Gold and Consumer Products - Shangshan Gold (01939) rose nearly 2% following a profit warning, which is expected to boost its global layout of intelligent gold terminals [1] - H&H International Holdings (01112) increased by over 2%, with a strong growth momentum in its infant-related products, particularly in infant formula sales exceeding industry averages [1] Group 6: Medical and Defense Sectors - Yimai Sunshine (02522) rose by over 4% as the company plans to further invest in Yinghe Medical, validating its commercial path for medical data assetization [1] - China Shipbuilding Defense (00317) increased by over 4%, with institutions noting that second-hand ship prices have surpassed new ship prices, indicating an upcoming positive trend in the shipbuilding sector [1] Group 7: Declining Stocks - Jacobson Pharmaceutical (02633) fell by over 8% due to a 5.36% year-on-year decrease in mid-term earnings, despite a 20% increase in dividends [2] - Yuejiang (02432) dropped by over 4%, accumulating a decline of over 40% in the past two months, having completed two rounds of equity financing in four months [2]

Core Viewpoint - 越疆(02432.HK) has experienced a significant decline, with a drop of over 40% since early October, indicating potential concerns regarding its market performance and investor sentiment [2] Company Performance - As of the latest update, 越疆's stock price has fallen by 4.77%, currently trading at 36.4 HKD [2] - The cumulative decline since the beginning of October has exceeded 40%, highlighting a substantial downturn in the company's stock value [2]