Core Insights - Wuxi Crab Intelligent Drive Technology Co., Ltd. has successfully completed nearly 100 million RMB in Series A financing, led by Ecovacs with participation from other industry resources [1] - The financing reflects strong market and investor confidence in Crab Intelligent's core technology, product commercialization capabilities, and future growth potential [1] Company Overview - Founded in 2019, Crab Intelligent focuses on intelligent drive and high-performance robotic joints, specializing in the R&D and industrialization of key components such as harmonic reducers, micro low-voltage drivers, integrated encoders, force sensors, and integrated joints [1] - The company aims to enhance its R&D investment in cutting-edge technologies, expand production capacity, and build a global market ecosystem with the funds raised from this financing [1] Investment Implications - Ecovacs' Vice President and CFO, Ma Jianjun, emphasized the company's commitment to exploring the robotics sector and investing in core components, positioning Crab Intelligent as a new strategic investment in this area [1] - The investment aims to drive innovation in key transmission components, reducers, and joints, capturing high ground in the robotics technology and industry chain [1] Recent Achievements - Crab Intelligent has successfully delivered 1,320 sets of specialized modules for humanoid robots, which serve as the "core joints" essential for precise robotic movement [2]

Core Viewpoint - The announcement details the results of the stock option and restricted stock incentive plan for 2024, highlighting the successful exercise of stock options and the subsequent changes in shareholding structure. Group 1: Incentive Plan Overview - The first exercise period of the stock option plan allows for 2,961,250 stock options, with the exercise period from September 20, 2025, to September 19, 2026, and the exercise price set at 31.86 yuan per share [2][8][9] - In the third quarter of 2025, 2,506,028 shares were exercised, representing 84.63% of the total available options [2][8][10] Group 2: Decision-Making and Disclosure Process - The decision-making process for the incentive plan was completed on August 29, 2024, with approvals from both the board of directors and the supervisory board [3][4] - The plan was publicly disclosed, and no objections were raised during the internal announcement period [4][5] Group 3: Share Changes and Financial Impact - The total number of shares listed for trading after the exercise was 2,506,028, which will be unrestricted for trading [10][13] - The funds raised from the exercise amounted to approximately 79.84 million yuan, intended to supplement the company's working capital [13] Group 4: Convertible Bond Information - As of September 30, 2025, a total of 435,000 yuan of convertible bonds had been converted into shares, with 2,345 shares issued, representing 0.0004086% of the total shares before conversion [18][32] - The remaining unconverted convertible bonds amount to approximately 1.04 billion yuan, accounting for 99.96% of the total issuance [18][32] Group 5: Adjustments to Convertible Bond Conversion Price - The conversion price of the convertible bonds was adjusted from 174.43 yuan to 173.81 yuan due to the stock option exercise, effective from October 14, 2025 [38][41] - The adjustment was based on the formula outlined in the bond issuance documentation, considering the impact of the stock options exercised [41][42]

据悉，科沃斯为此建立了专门的服务培训与认证体系，对京东物流、售后团队成员进行产品知识、安装 技能及服务规范的全方位培训，确保其达到与科沃斯直属团队同等的服务水准。同时，通过系统数据互 联与服务节点可视化，用户可实时查看服务进度，增强了对服务过程的确定性与信任感。 在消费者关注的家电领域，京东平台构建了难以复制的综合服务壁垒，依托业内领先的自建物流网络， 不仅保障了高效可靠的配送，更可以深度联合产商进行服务升级，比如本次与科沃斯的深度合作打造出 高标准、闭环化的服务生态，扫地机"送装一体"服务的落地，便是基于双方在服务资源、技术系统和人 员培训方面的深度融合。 中国智能家电家居高速发展的60年,正是西方发达国家近300年工业化历程的缩影，用60年追赶300年， 逐渐从"中国制造"到"中国智造"。智能科技浪潮的澎湃推进,智能家电家居如同潮水般涌入寻常百姓家， 从可以自动投放洗衣液的洗衣机，到根据内容智能调节画质的电视机，再到解放双手的全自动扫地机器 人，它们正悄然改变着我们的生活方式，与此同时衍生出的需求也在逐渐增长，消费习惯从线下到线上 的转换带来了不少问题等待线上购物平台和智能电器厂商们来解决。 以扫地机器人 ...

科沃斯机器人股份有限公司 可转债转股结果暨股份变动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●累计转股情况：自 2022 年 6 月 6 日至 2025 年 9 月 30 日，累计已有 435,000 元 科沃转债转换为科沃斯机器人股份有限公司（以下简称"公司"）A 股股份，累计转 股股数为 2,345 股，占科沃转债转股前公司已发行股份总额的 0.0004086%。 证券代码：603486 证券简称：科沃斯 公告编号：2025-074 转债代码：113633 转债简称：科沃转债 ●未转股可转债情况：截至 2025 年 9 月 30 日，尚未转股的科沃转债金额为 1,039,565,000 元，占科沃转债发行总量的 99.9582%。 ●本季度转股情况：自 2025 年 7 月 1 日至 2025 年 9 月 30 日期间，科沃转债转 股的金额为 9,000 元，因转股形成的股份数量为 45 股，占科沃转债转股前公司已发 行股份总额的 0.00000784%。 一、可转债发行上市概况 （一）可转债发 ...

证券代码：603486 证券简称：科沃斯 公告编号：2025-073 转债代码：113633 转债简称：科沃转债 科沃斯机器人股份有限公司 关于 2024 年股票期权与限制性股票激励计划 2025 年第 三季度自主行权结果暨股份变动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 科沃斯机器人股份有限公司（以下简称"公司"）2024 年股票期权与限制性股 票激励计划（以下简称"本次激励计划"）首次授予股票期权第一个行权期可行权股 票期权数量为 2,961,250 份，行权期为 2025 年 9 月 20 日-2026 年 9 月 19 日（行权 日须为交易日），行权方式为自主行权。2025 年第三季度股票期权激励对象行权且 完成股份过户登记数量为 2,506,028 股，占该期可行权股票期权总量的 84.63%。 ● 本次行权股票上市流通时间：本次激励计划激励对象行权所得股票可于行权日 （T 日）后的第二个交易日（T+2 日）上市交易。 8、2025 年 6 月 27 日，公司召开第四届董事会第二次会议 ...

证券代码：603486 证券简称：科沃斯 公告编号：2025-076 转债代码：113633 转债简称：科沃转债 科沃斯机器人股份有限公司 关于公司股票期权限制行权期间的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据中国证监会《上市公司股权激励管理办法》《科沃斯机器人股份有限公司 2024 年股票期权与限制性股票激励计划（草案）》（以下简称"2024 年激励计划"） 以及中国证券登记结算有限责任公司上海分公司关于股票期权自主行权的相关规定， 并结合科沃斯机器人股份有限公司（以下简称"公司"）2025 年第三季度报告披露 计划，现对 2024 年激励计划首次授予股票期权第一个行权期的行权时间进行限定， 具体如下： 一、基本情况 公司 2024 年激励计划首次授予股票期权第一个行权期（期权代码：1000000749） 实际可行权期间为 2025 年 9 月 20 日至 2026 年 9 月 19 日，目前尚处于行权阶段。 二、限制行权期间 本次限制行权期为 2025 年 10 月 20 日至 2025 年 10 ...

| 证券代码：603486 | 证券简称：科沃斯 | 公告编号：2025-075 | | --- | --- | --- | | 转债代码：113633 | 转债简称：科沃转债 | | 科沃斯机器人股份有限公司 关于"科沃转债"转股价格调整暨转股停牌的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 证券停复牌情况：适用 因科沃斯机器人股份有限公司（以下简称"本公司"或"公司"）2024 年股票 期权与限制性股票激励计划股票期权自主行权引起的"科沃转债"转股价格调整, 本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌期 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 间 | | | | 113633 | 科沃转债 | 可转债转股停牌 | 2025/10/13 | 全天 | 2025/10/13 | 2025/10/14 | "科沃转债"自 2025 年 10 月 ...

Core Viewpoint - Wuxi Cancer Intelligent Drive Technology Co., Ltd. (referred to as "Cancer Intelligent") has successfully completed nearly 100 million RMB in Series A financing, indicating strong market and investor confidence in its core technology and future potential [1][4]. Company Overview - Cancer Intelligent, established in 2019, focuses on intelligent drives and high-performance robotic joints, dedicated to the R&D and industrialization of key components such as harmonic reducers, micro low-pressure actuators, integrated encoders, force sensors, and integrated joints [1][3]. Investment Insights - The investment led by Ecovacs, with participation from other industry resources, reflects a strategic move to enhance capabilities in core robotic components, aiming for breakthroughs in transmission parts, reducers, and joints [4]. - Ecovacs' Vice President and CFO, Ma Jianjun, emphasized the importance of this investment in the context of advancing embodied intelligence and AI technologies [4]. Future Plans - The founder of Cancer Intelligent, Zhao Wei, expressed gratitude for the support from investors and outlined plans to increase R&D investment in integrated joints, high-performance servo systems, emerging sensor integration, and advanced motion planning algorithms [5]. - The company aims to expand production capacity by building a new automated production line for integrated joints and enhance its global market ecosystem [5].

Core Viewpoint - The recent stock reduction by Kewos executive Leng Ling raises concerns about the company's performance and market position, as it reflects ongoing challenges in the competitive landscape of the robotic vacuum industry [2][5][16]. Group 1: Stock Reduction Details - Leng Ling plans to reduce his holdings by up to 300,000 shares, potentially cashing out approximately 30.73 million yuan based on the current stock price [6][12]. - This is not the first time Leng Ling has reduced his stake; he has previously sold shares multiple times, totaling nearly 100 million yuan [3][12]. - The reasons for the stock reduction are not explicitly stated, but it is suggested that personal financial needs and the repayment of loans related to restricted stock purchases may be factors [4][13]. Group 2: Company Performance and Market Position - Kewos has experienced fluctuating performance in recent years, with a significant increase in revenue and net profit in the first half of 2023, but also a history of quarterly profit declines [15][22]. - The company faces intense competition in the robotic vacuum market, with rivals surpassing Kewos in research and development spending and innovation [5][23]. - Despite a 119.82% increase in stock price year-to-date, Kewos's market capitalization has shrunk significantly from its peak in 2021, indicating challenges in maintaining investor confidence [16][24]. Group 3: Industry Trends and Future Outlook - The robotic vacuum market is expected to grow, with potential sales doubling in the next five years, but competition remains fierce among leading brands [22][23]. - Kewos's R&D expenditures have increased, but competitors like Stone Technology are outpacing Kewos in both investment and growth rates [23][24]. - The industry's shift towards high-end products and the need for continuous innovation are critical for Kewos to regain its market position and achieve a valuation above 100 billion yuan [24].

10月10日，科沃斯盘中上涨2.11%，截至10:17，报104.61元/股，成交2.45亿元，换手率0.42%，总市值 602.93亿元。 资金流向方面，主力资金净流入285.07万元，特大单买入2333.43万元，占比9.54%，卖出1527.92万元， 占比6.25%；大单买入4021.63万元，占比16.44%，卖出4542.07万元，占比18.57%。 科沃斯今年以来股价涨124.73%，近5个交易日跌1.31%，近20日涨17.05%，近60日涨80.67%。 今年以来科沃斯已经1次登上龙虎榜，最近一次登上龙虎榜为7月15日。 资料显示，科沃斯机器人股份有限公司位于江苏省苏州市吴中区友翔路18号，成立日期1998年3月11 日，上市日期2018年5月28日，公司主营业务涉及各类家庭服务机器人、清洁类小家电等智能家用设备 及相关零部件的研发、设计、生产与销售。主营业务收入构成为：服务机器人55.89%，智能生活电器 42.96%，其他产品1.15%。 科沃斯所属申万行业为：家用电器-小家电-清洁小家电。所属概念板块包括：机器人概念、工业4.0、华 为概念、百元股、家用电器等。 截至6月30日，科沃斯 ...