FF301 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7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 北京極智嘉科技股份有限公司（於中華人民共和國註冊成立以不同投票權控股的股份有限公司） 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 218,560,434 | RMB | | | 1 RMB | | 218,560,434 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 218,560,434 | RMB | | | ...

北京極智嘉科技股份有限公司 章程 第一條 為維護北京極智嘉科技股份有限公司（以下簡稱「公司」或「本公 司」）、股東和債權人的合法權益，規範公司的組織和行為，根據《中華人民共和 國公司法》（以下簡稱「《公司法》」）、《中華人民共和國證券法》（以下簡稱「《證券 法》」）、《香港聯合交易所有限公司證券上市規則》（以下簡稱「香港聯交所《上市規 則》」）和其他有關法律法規的規定，制訂本章程。 第二條 公司依照《公司法》和其它有關法律、法規以發起方式由有限責任公 司變更為股份有限公司。 第三條 公司註冊名稱：中文名稱為北京極智嘉科技股份有限公司，英文名 稱為Beijing Geekplus Technology Co., Ltd.。 2025年8月 | | | | 第一章 | 總則 | 1 | | --- | --- | --- | | 第二章 | 經營宗旨和範圍 | 2 | | 第三章 | 股份 | 2 | | 第一節 | 股份發行 | 2 | | 第二節 | 股份增減和回購 | 7 | | 第三節 | 股份轉讓 | 8 | | 第四章 | 股東和股東會 | 10 | | 第一節 | 股東 | 10 | | 第二節 | ...

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產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Beijing Geekplus Technology Co., Ltd. 北京極智嘉科技股份有限公司 （於中華人民共和國註冊成立以不同投票權控股的股份有限公司） （股份代碼：2590） 修訂章程 本公告乃根據香港聯合交易所有限公司（「聯交所」）證券上市規則第13.51(1)條作 出。 茲提述北京極智嘉科技股份有限公司（「本公司」）日期為2025年8月4日的公告 （「該公告」），內容有關本公司部分行使超額配股權，涉及合共16,669,800股H股， 約佔超額配股權行使前全球發售項下初步可供認購發售股份總數的10.3%。除文 義另有所指外，本公告所用詞彙與該公告所界定者具有相同涵義。 於部分行使超額配股權完成後，本公司的註冊股本及股份總數分別變更為人民幣 1,337,286,998元及1,337,286,998股。為反映本公司註冊股本及股本結構的相關變 動，已對本公司的章程（「章程」）進行相應修訂。 根據 ...

2025年8月4日，"全球AMR仓储机器人第一股"极智嘉(02590)正式披露上市以来的首份业绩预告，交出了一份令 人瞩目的"开门红"答卷。 根据灼识咨询的资料， 极智嘉的业务覆盖全球 40余国，服务超800家终端客户， 2024年客户复购率为74.6%， 关键客户复购率约84.3% ，远超行业平均水平 。极智嘉既有能力和资源，不仅为其具身智能技术和产品提供了成 熟的应用场景与标杆验证渠道，大大加速市场切入过程，更将为全球化落地和规模化扩张，提供保障。 一旦在具身智能领域实现突破，极智嘉将成功从一家仓储机器人企业，跃迁为覆盖更广阔应用场景的综合性智能 机器人企业，彻底打开成长天花板。这不仅将重塑公司的估值逻辑，更将成为其长期投资价值的核心溢价来源。 这 具身 机器人一赛道上，宇树科技是首家公开零售高性能四足机器人并最早实现行业落地的公司；智元机器人打 造了领先的通用具身机器人产品和应用生态，已构建 "本体+AI"全栈式技术体系；优必选则在人形机器人领域率 先实现汽车工厂等商用场景落地，与多家头部企业达成深度合作。 极智嘉的具身智能布局落子在物流领域，凭借 其天然优势，占有独特的生态位。 极智嘉不仅有强劲的商业 ...

国信证券指出，极智嘉是全球最大的仓储履约AMR解决方案提供商。AI技术架构+AMR+机器人解决方 案提升用户粘性。该行指出，公司设立了具身智能公司，提升机械手拣货、通用机器人制造等能力，未 来公司智能化优势、规模效应有望逐步显现。综合考虑行业景气度、公司在AMR全球龙头地位、盈利 持续好转态势，预计公司25-27年归母净利润为1.06/3.03/5.20亿港元，对应EPS为0.08/0.23/0.39港元。给 予极智嘉一年期合理估值为19.7-22.1港元，首次覆盖，给予"优于大市"评级。 本文源自智通财经网 极智嘉-W(02590)午后涨近7%，截至发稿，涨4.96%，报18.84港元，成交额8551.81万港元。 消息面上，极智嘉发布业绩预告，预计上半年实现收入9.95至10.3亿元，同比增长27至32%；期内亏损 为4500-5500万元，同比大幅收窄90-92%；经调整亏损为1000-2000万元，亦大幅收窄90-95%。业绩改善 主要由于仓储移动机器人解决方案业务进一步提升，完成交付项目增多带动收入明显增长，从而提升毛 利水平。其二是期内欧元兑人民币升值带来较多汇兑收益。 ...

Core Insights - The release of Unitree A2 by Yushu Technology marks a significant advancement in quadruped robotic applications, specifically targeting industry use cases [1] - The competition in the embodied intelligence sector is intensifying, as evidenced by substantial contract wins by various companies, including a 1.2 billion yuan order won by Zhiyuan Robotics and Yushu Technology [1] - The establishment of a new subsidiary focused on embodied intelligence by global warehouse robotics leader Geekplus indicates a strategic shift towards this emerging field [1] Company Summaries - Geekplus anticipates revenue between 9.95 billion to 10.30 billion yuan for the first half of 2025, reflecting a year-on-year growth of approximately 27% to 32%, with a significant reduction in adjusted net losses [2] - The company has a robust foundation in commercialization, leveraging its existing resources in industry scenarios, customer relationships, and technology to potentially reshape the embodied intelligence landscape [2] - Geekplus has achieved a compound annual growth rate (CAGR) of 45% in revenue from 2021 to 2024, solidifying its position as a leader in the global AMR warehouse robotics sector [4] Industry Trends - The warehouse logistics sector is identified as a prime area for the rapid commercialization of robotics, characterized by high consistency in processes and strong demand [5] - The collaboration between Dematic and Zhiyuan Robotics at the World Artificial Intelligence Conference showcases the growing interest and application of embodied intelligence in logistics [6] - Companies with a strong foundation in both technology development and commercial application, like Geekplus, are expected to gain a competitive edge in the embodied intelligence market [6][7]

国信证券指出，极智嘉是全球最大的仓储履约AMR解决方案提供商。AI技术架构+AMR+机器人解决方 案提升用户粘性。该行指出，公司设立了具身智能公司，提升机械手拣货、通用机器人制造等能力，未 来公司智能化优势、规模效应有望逐步显现。综合考虑行业景气度、公司在AMR全球龙头地位、盈利 持续好转态势，预计公司25-27年归母净利润为1.06/3.03/5.20亿港元，对应EPS为0.08/0.23/0.39港元。给 予极智嘉一年期合理估值为19.7-22.1港元，首次覆盖，给予"优于大市"评级。 消息面上，极智嘉发布业绩预告，预计上半年实现收入9.95至10.3亿元，同比增长27至32%；期内亏损 为4500-5500万元，同比大幅收窄90-92%；经调整亏损为1000-2000万元，亦大幅收窄90-95%。业绩改善 主要由于仓储移动机器人解决方案业务进一步提升，完成交付项目增多带动收入明显增长，从而提升毛 利水平。其二是期内欧元兑人民币升值带来较多汇兑收益。 智通财经APP获悉，极智嘉-W(02590)午后涨近7%，截至发稿，涨4.96%，报18.84港元，成交额8551.81 万港元。 ...

Investment Rating - The report assigns an "Outperform" rating to the company for the first time, with a target valuation range of HKD 19.7 to 22.1 [5][47]. Core Insights - The company is the largest global provider of AMR (Autonomous Mobile Robot) solutions, with a market share of 9.0% in the global warehouse fulfillment AMR solutions market [1][9]. - The company expects a significant reduction in losses for the first half of 2025, projecting a net loss of HKD 0.1 to 0.2 billion, a decrease of approximately 90% to 95% year-on-year [1][25]. - The AMR solutions market is anticipated to grow from HKD 39 billion in 2024 to HKD 162 billion by 2029, with a CAGR of approximately 33% [2]. Summary by Sections Company Overview - The company, established in 2015 and headquartered in Beijing, has expanded its operations to over 40 countries, serving around 800 global clients, including major corporations like Walmart and Toyota [1][9]. - The company has developed a comprehensive technology platform, Robot Matrix, and has a strong focus on integrating AI technology with AMR and robotics solutions to enhance user stickiness [3][15]. Financial Performance - The company reported a revenue increase from HKD 7.9 billion in 2021 to HKD 24 billion in 2024, with a CAGR of 44.2% [25]. - The gross margin improved from 10.16% in 2021 to 34.75% in 2024, indicating enhanced profitability [27]. - The company forecasts revenues of approximately HKD 32.5 billion, HKD 43.85 billion, and HKD 56.98 billion for 2025, 2026, and 2027, respectively, with corresponding net profits of HKD 1.06 billion, HKD 3.03 billion, and HKD 5.20 billion [39][40]. Market Trends - The AMR solutions market is expected to see a penetration rate increase from 8% in 2024 to 20.2% by 2029, indicating strong growth potential [2]. - The company has established a new subsidiary focused on humanoid robotics, aiming to leverage its existing technology and market presence to expand into this emerging field [32]. Investment Considerations - The report highlights the company's strong position in the AMR market, ongoing improvements in profitability, and the potential for significant revenue growth driven by market demand and technological advancements [4][47]. - The company has a robust pipeline of innovative solutions tailored to various warehouse operations, enhancing operational efficiency and customer satisfaction [19][20].

极智嘉：全球最大AMR仓储机器人厂商， 全栈平台化技术+全球服务网络构建竞争力 ——海外机器人系列跟踪报告（八） 分析师 付天姿 执业证书编号 S0930517040002 分析师 黄铮 执业证书编号 S0930524070009 2025年8月5日 证券研究报告 核心观点 长期研发筑深技术壁垒，全球交付验证商业化能力 风险提示：技术迭代不及预期风险、市场需求不及预期风险、市场竞争加剧风险、渠道网络管理不当风险等 请务必参阅正文之后的重要声明 注：如无特别注明，货币单位元均为人民币 1 极智嘉为全球AMR仓储履约解决方案龙头。极智嘉的主营业务为仓储自动化AMR解决方案的设计、交付与运维，公司自研的AMR仓 储机器人平台覆盖搬运、分拣、存储、调度等核心环节，已实现全球40+个国家部署，并服务客户806家，其中包含63家《财富》 500强企业。2024年公司收入24.09亿元，全球仓储AMR市占率连续六年第一；2024年公司毛利率自2022年的17.7%/2023年的 30.8%进一步提升至34.8%，体现其在产品标准化、模块化设计和成本控制方面的规模经济效益。 AMR作为仓储自动化的主要驱动力，全球市场规模有望 ...

Group 1 - Xindong Company (02400) reported a positive earnings forecast, expecting revenue of at least RMB 3.05 billion for the first half of 2025, a year-on-year increase of approximately 37%, and a net profit of at least RMB 790 million, a year-on-year increase of about 215% [1] - Yimai Sunshine (02522) also announced a positive earnings forecast, expecting revenue between RMB 450 million to 480 million for the first half of the year, a year-on-year increase of approximately 8.77% to 16.03%, and a net profit of RMB 14.5 million to 16.5 million, a year-on-year increase of about 1350% to 1550% [1] - Tianli International Holdings (01773) plans to repurchase shares up to a total of HKD 200 million based on market conditions, believing that the share buyback plan is in the best interest of the company and its shareholders [2] Group 2 - Liaogang Co., Ltd. (02880) reported a total operating revenue of RMB 5.693 billion for the first half of 2025, a year-on-year increase of 5.93%, and a net profit attributable to shareholders of RMB 956 million, a year-on-year increase of 110.78% [2] - Yuan Zheng Technology (02488) reported a revenue of RMB 982 million for the first half of 2025, a year-on-year increase of 9.75%, and a net profit of RMB 195 million, a year-on-year increase of 27.74% [2] - Geekplus Technology (02590) expects revenue between RMB 995 million to 1.03 billion for the first half of the year, a year-on-year increase of 27% to 32%, while the net loss is expected to narrow significantly [3] Group 3 - Lee & Man Paper Manufacturing (02314) and other leading companies in the paper industry have initiated a price increase for various products starting August 1, indicating a significant acceleration in price adjustment frequency within the industry [3] - Xinda Biopharmaceutical (01801) announced that its innovative oral small molecule GLP-1R agonist IBI3032 has received IND approval from the FDA [4] - Heyu-B (02256) reported a revenue of RMB 612 million for the first half of the year, a year-on-year increase of 23.1%, and a net profit of RMB 328 million, a year-on-year increase of 58.84% [4] Group 4 - Bilibili (BILI.US) is expected to achieve a revenue growth of 20% year-on-year to RMB 7.3 billion in the second quarter, driven by stable performance in mobile games [5][6] - Li Auto (LI.US) launched the Li Xiang i8, with deliveries starting on August 20, and received positive outlooks from multiple institutions [6] - Xpeng Motors (XPEV.US) achieved a new monthly delivery record in July, delivering 36,717 smart electric vehicles, a year-on-year increase of 229% [7]