Core Viewpoint - UBTECH (09880) experienced a significant increase in stock price, rising by 7.21% to HKD 117.4, with a trading volume of HKD 38.57 million following the announcement of acquiring a controlling stake in Fenglong Co., Ltd. (002931) [1] Group 1: Acquisition Details - UBTECH announced the acquisition of 93,957,518 shares of Fenglong Co., Ltd., representing 43% of the total shares, through a combination of "agreement transfer + tender offer" [1] - The share transfer and tender offer price is set at RMB 17.72 per share, resulting in a total consideration of RMB 1.665 billion [1] Group 2: Company Background - Fenglong Co., Ltd. is recognized as a specialized and innovative high-tech enterprise, focusing on the research and manufacturing of lawn mowers, engines, hydraulic control systems, and automotive parts [1] - The company possesses strong precision manufacturing capabilities, a mature supply chain system, and a broad customer base [1] Group 3: Recent Contracts and Production Milestones - UBTECH recently secured contracts for the Bay Area Data Collection Center project in Huizhou and the procurement project for the Intelligent Technology Center in Hohhot, with contract amounts of RMB 59.62 million and RMB 77.8 million, respectively, totaling over RMB 130 million [1] - By 2025, UBTECH's total order amount for humanoid robots is expected to reach nearly RMB 1.4 billion, maintaining its leadership in the global humanoid robot industry [1] - On December 26, UBTECH's 1000th Walker S2 robot was produced at the Liuzhou Robot Super Smart Factory, achieving an annual production capacity of 1,000 units [1] - The company anticipates that its annual production capacity for humanoid robots will reach 10,000 units by 2026 [1]

Group 1 - The core point of the article is that UBTECH (09880) has seen a significant stock price increase of over 7% following the announcement of acquiring a controlling stake in Fenglong Co., Ltd. through a combination of "agreement transfer + tender offer" [1] - UBTECH announced the acquisition of 93,957,518 shares of Fenglong Co., representing 43% of the total shares, at a price of 17.72 yuan per share, totaling approximately 1.665 billion yuan [1] - Fenglong Co. is recognized as a specialized and innovative high-tech enterprise, focusing on the research and manufacturing of lawn mowers, engines, hydraulic control systems, and automotive parts, with a solid manufacturing capability and extensive supply chain [1] Group 2 - Recently, UBTECH has won new contracts for projects in Huizhou and Hohhot, with total contract amounts exceeding 130 million yuan [1] - The total order amount for UBTECH's humanoid robots is nearing 1.4 billion yuan for 2025, maintaining its leadership in the global humanoid robot industry [1] - UBTECH has achieved a production milestone with the rollout of its 1,000th Walker S2 robot, and it is expected to reach an annual production capacity of 10,000 units by 2026 [1]

Group 1 - The stock prices of several companies have shown significant increases, with UBTECH (09880.HK) rising by 7.21%, MicroPort Scientific-B (02252.HK) increasing by 6.70%, Xpeng Motors-W (09868.HK) up by 5.12%, and Sanhua Intelligent Control (02050.HK) gaining 2.51% [1]

Core Viewpoint - Fenglong Co., Ltd. disclosed an announcement regarding abnormal stock trading fluctuations, emphasizing that Ubtech will not engage in a backdoor listing within the next three years [1][8]. Group 1: Stock Performance and Valuation - Fenglong Co., Ltd. experienced a cumulative stock price increase of 33.15% over three consecutive trading days, closing at 23.82 yuan per share on December 26, 2025, with a static P/E ratio of 1133.22 and a P/B ratio of 5.48 [1][8]. - The static P/E ratio for the specialized equipment manufacturing industry, as classified by the China Securities Association, is 39.53, with a P/B ratio of 3.68 [1][8]. Group 2: Acquisition Details - Ubtech announced plans to invest 1.665 billion yuan to acquire 9.395 million shares of Fenglong Co., representing 43% of the total share capital, thereby gaining control of the company [4][11]. - Following the completion of this transaction, the controlling shareholder of Fenglong Co. will change from Chengfeng Investment to Ubtech, with the actual controller changing to Ubtech's founder and chairman, Zhou Jian [4][11]. Group 3: Business Strategy and Future Plans - The acquisition is viewed as a strategic move by Ubtech to enhance its industry chain layout and strengthen its core competitiveness, positioning Fenglong as Ubtech's first subsidiary listed on the A-share market [4][11]. - Ubtech aims to leverage its technological advantages in humanoid robots and commercial experience, combined with Fenglong's manufacturing and supply chain capabilities, to deepen industry collaboration and promote the industrialization of humanoid robot technology [4][11]. Group 4: Recent Contracts and Orders - On December 28, Ubtech announced winning bids for two projects: the humanoid robot data collection center in Huizhou, valued at 59.62 million yuan, and the equipment procurement project for the embodied intelligence technology center in Hohhot, totaling over 130 million yuan [5][11]. - As of now, Ubtech's total order amount for humanoid robots in 2025 has approached 1.4 billion yuan, with the 1,000th unit of the Walker S2 model produced in December 2025, achieving an annual production capacity of 1,000 units [6][13].

12月28日，锋龙股份披露股票交易异常波动公告，再次强调优必选三年内不会借壳上市。 值得注意的是，锋龙股份已经三连板，停牌前涨停，复牌后连续无量涨停，累计涨幅达33.15%。 "此次战略收购是优必选完善产业链布局、强化核心竞争力的重要举措。"优必选表示，收购事项完成后，锋龙股份将成为优必选首家在A股上市的附属公 司，使优必选在智能服务机器人行业占据有利地位。未来，优必选将依托自身在人形机器人领域的技术优势与商业化经验，结合锋龙股份的制造与供应链 能力，深化产业协同，持续推动人形机器人技术的产业化落地。 与之逻辑相仿，A股市场此前还有七腾机器人拟入主胜通能源、追觅科技创始人拟入主嘉美包装、东杰智能寻求收购遨博智能等案例。 锋龙股份称，优必选暂无在未来12个月内改变上市公司主营业务或者对上市公司主营业务做出重大调整的明确计划，以及在未来12个月内对上市公司及其 子公司的重大资产和业务进行出售、合并、与他人合资或合作的明确计划，或上市公司拟购买或置换重大资产的明确重组计划。未来36个月内，优必选不 存在通过上市公司重组上市的计划或安排；未来12个月内，优必选不存在资产重组计划。 主营业务上，锋龙股份表示，该次交易完 ...

Core Viewpoint - Fenglong Co., Ltd. has disclosed an announcement regarding abnormal stock trading fluctuations, reiterating that UBTECH will not pursue a backdoor listing within three years [1] Group 1: Stock Performance - Fenglong Co., Ltd. has experienced a three-day consecutive limit-up, with a total increase of 33.15% prior to and following its suspension [2] Group 2: Business Operations and Future Plans - UBTECH has no clear plans to change the main business of the listed company or make significant adjustments within the next 12 months, nor does it plan to sell, merge, or collaborate on major assets or businesses [4] - After the completion of the transaction, Fenglong Co., Ltd. will continue to focus on its original business, and the fundamental situation will not undergo significant changes [4] - UBTECH aims to optimize the management and resource allocation of the listed company to enhance its operational and profitability capabilities, although there are uncertainties regarding business transformation and future collaborations [4] Group 3: Acquisition Details - On December 24, UBTECH announced plans to invest 1.665 billion yuan to acquire 9.395 million shares of Fenglong Co., Ltd., representing 43% of the total share capital, thereby gaining control [5] - Following the acquisition, the controlling shareholder of Fenglong Co., Ltd. will change from Chengfeng Investment to UBTECH, with the actual controller changing to UBTECH's founder and chairman, Zhou Jian [5] - This strategic acquisition is seen as a significant move for UBTECH to enhance its industry chain layout and strengthen its core competitiveness in the humanoid robot sector [5] Group 4: Market Context - Similar cases in the A-share market include Qiteng Robotics seeking to acquire Victory Energy and other companies pursuing similar acquisition strategies [6] - A market analyst noted that such target companies often possess "shell" attributes, characterized by moderate market capitalization, traditional main businesses, and concentrated shareholding, making control acquisition more certain [6] - Acquiring an existing listed platform is viewed as a quicker and more certain path compared to independent IPOs, providing space for future capital operations and a safety net for investment institutions [6]

据称，2025年优必选人形机器人订单总金额已近14亿元。 北京商报讯（记者 陶凤 王天逸）12月28日，优必选科技宣布，近日新中标惠州市惠阳区人形机器人大 湾区数据采集中心项目和呼和浩特市具身智能科技中心设备采购项目，中标金额分别为5962万元、7780 万元，总金额超1.3亿元。 ...

Group 1 - Wenzhou Youbixuan Education Technology Co., Ltd. was established on December 26, with a registered capital of 10 million yuan [2] - The company's business scope includes education consulting services, sales of intelligent robots, and sales of service consumer robots [2] - Youbixuan (09880.HK) holds 100% ownership of the newly established company [2]

近日，优必选新中标惠州市惠阳区人形机器人大湾区数据采集中心项目和呼和浩特市具身智能科技中心 设备采购项目，中标金额分别为5962万元、7780万元，总金额超1.2亿元。2025年，优必选人形机器人 订单总金额已近14亿元，持续领跑全球人形机器人行业。12 月26 日，优必选第 1000 台 Walker S2 在柳 州机器人超级智慧工厂下线，全年已实现了千台产能。预计2026年，优必选人形机器人年产能将达万台 规模。 ...

Group 1 - Kuaishou's live streaming function was attacked by cybercriminals, leading to a significant security incident that requires systemic upgrades across the industry for better prevention measures [1] - The Lijiang Cultural and Tourism Bureau publicly criticized Xiaohongshu for inadequate monitoring and management, resulting in consumer misinformation and damage to local businesses [2] - Wentech plans to assert its rights regarding the control of its subsidiary, Anshi Semiconductor, through a hearing in January 2026, with potential claims reaching up to $8 billion [3] - The Shanghai Stock Exchange issued guidelines for commercial rocket companies, requiring successful orbital launches as a precondition for listing [4] - JD.com faced theft at its warehouse in France, but the reported losses were exaggerated compared to actual figures [5][6] - UBTECH announced a significant acquisition of 43% of Fenglong shares, marking a strategic move in the humanoid robotics sector [7] - NetEase's veteran executive Ding Yingfeng will retire after 23 years, having played a crucial role in the development of several flagship games [8] - Harman International agreed to acquire ZF's ADAS business for €1.5 billion, indicating a strategic entry into the growing ADAS market [9] - The successful first flight of China's first 6-ton tilt-rotor aircraft, Lanying R6000, marks a breakthrough in tilt-rotor technology and opens new opportunities in low-altitude economy [10][11] - TCL Technology plans to acquire 80% of Zhao Yuan Optoelectronics for ¥490 million, entering the LED chip sector [12] - Visionary Technology's IPO was approved, aiming to raise ¥2.015 billion for expanding its Micro OLED production capacity [13] - The global AI hardware market is projected to grow significantly, attracting innovation in various sectors, with a focus on overcoming scene capability challenges [14]