多伦科技股份有限公司 信息披露管理办法 第一章 总 则 第一条 为规范多伦科技股份有限公司（以下简称"公司"）信息披露，促进 公司依法规范运作，维护公司和股东的合法权益，根据《中华人民共和国公司法》、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司信息披露管理 办法》、《上海证券交易所股票上市规则》等有关法律法规及《多伦科技股份有限公 司章程》（以下简称"《公司章程》"）制定本办法。 第二条 本办法所称"信息披露义务人"，是指公司及其董事、高级管理人员、 股东、实际控制人，收购人，重大资产重组、再融资、重大交易有关各方等自然人、单 位及其相关人员，破产管理人及其成员，以及法律、行政法规和中国证券监督管理委员 会（以下简称"中国证监会"）规定的其他承担信息披露义务的主体。 第三条 本办法所称"及时"是指自起算日起或者触及披露时点的2个交易日内。 第四条 信息披露义务人应当及时依法履行信息披露义务，披露的信息应当真实、 准确、完整，简明清晰、通俗易懂，不得有虚假记载、误导性陈述或者重大遗漏。 信息披露义务人披露的信息应当同时向所有投资者披露，不得提前向任何单位和 个人泄露。但是，法律、行政法规另有 ...

Group 1 - The core viewpoint of the article highlights the financial performance and market activity of Duolon Technology (603528), indicating a decline in revenue and net profit for the first quarter of 2025 [1] - As of August 25, 2025, Duolon Technology's stock closed at 9.75 yuan, down 0.41%, with a trading volume of 230,900 hands and a transaction amount of 226 million yuan [1] - The company experienced a net outflow of main funds amounting to 22.87 million yuan, representing 10.11% of the transaction amount, with significant outflows from large orders [1] Group 2 - For the first quarter of 2025, Duolon Technology reported total operating revenue of 105 million yuan, a year-on-year decrease of 37.18%, and a net profit attributable to shareholders of 2.90 million yuan, down 42.82% [1] - The company's non-recurring net profit was 902,500 yuan, showing a year-on-year increase of 91.06% [1] - Financial ratios include a current ratio of 5.018, a quick ratio of 4.608, and a debt-to-asset ratio of 15.60% [1] Group 3 - Duolon Technology, established in 1995 and located in Nanjing, focuses on research and experimental development, with a registered capital of 7,059.30 million yuan [1] - The company has made investments in 20 enterprises and participated in 2,143 bidding projects, holding 101 trademark registrations and 429 patents [2]

Core Insights - The humanoid robot industry is experiencing significant growth, with a reported eightfold increase in order volume compared to previous years, indicating a robust demand for core components [1] - The domestic production rate of core components for humanoid robots in China has surpassed 70%, with the industry scale expected to exceed 37.9 billion yuan this year [1] - The advancement of the humanoid robot industry is closely linked to the maturity of the automotive supply chain, which has contributed to lower costs and improved quality control [2][3] Industry Development - The automotive industry has played a crucial role in the development of humanoid robots, with many components being repurposed from automotive technology [3] - Major automotive manufacturers, including Tesla and NIO, are entering the humanoid robot sector, highlighting the technological convergence between robotics and electric vehicles [3] Challenges and Opportunities - Despite the reduction in supply chain costs, high product prices remain a significant barrier to the widespread application of humanoid robots [5] - The development of core components specifically designed for humanoid robots is still in progress, as existing components are often adapted from other industries [4] - Stability and consistency of humanoid robots are critical concerns for application developers, with ongoing efforts to enhance these aspects for practical use [6][7]

从资金流向来看，8月22日多伦科技主力资金净流出1022.33万元，近五个交易日累计净流出9967.46万 元。公司当前总市值69.11亿元，流通市值与总市值相同。 多伦科技最新股价报9.79元，较前一交易日上涨0.51%。当日成交量为19.61万手，成交金额达1.92亿 元。该股开盘报9.68元，盘中最高触及9.82元，最低下探至9.67元，全天振幅1.54%。 多伦科技属于软件开发行业，公司专注于驾驶人考训智能化及智慧城市建设领域。近期公司动作频频， 携手星航资本投资众擎机器人，并设立机器人协同创新研究中心，重点推动人形机器人在交通场景的二 次开发应用。 风险提示：以上内容仅供参考，不构成任何投资建议。市场有风险，投资需谨慎。 ...

Summary of Duolun Technology Conference Call Company Overview - **Company**: Duolun Technology - **Industry**: Robotics and Transportation Technology Key Points and Arguments Entry into Robotics - Duolun Technology has entered the humanoid robotics field by investing in Zhongqing Robotics, aiming to leverage its expertise in transportation technology for secondary development in vehicle inspection and traffic management applications [2][3][4] Innovation and R&D - The company has established a collaborative innovation center and a joint R&D laboratory with a team of approximately 40 people focused on humanoid robotics, new algorithms, SLAM, and perception technology [2][7] - Plans to complete prototypes for inspection robots by the end of 2025, along with secondary development for service and traffic command robots [2][6] Strategic Partnerships - Duolun collaborates with Zhongqing Robotics on motion and posture control technologies, aiming to enhance the application of service and traffic command robots [2][8] - The investment in Zhongqing Robotics was made through the Zhuhai New Star Investment Fund, acquiring a 2% stake initially, which has been diluted to 1.57% after subsequent financing rounds [3][8] Market Applications - The company is focusing on three main application scenarios: inspection robots, service robots, and traffic command robots, with prototypes expected to be market-ready by the end of the year [6][15] - Plans to expand the application of inspection robots to used car inspection agencies and mandatory vehicle inspection stations [11] Revenue Model - Duolun's business model involves purchasing robot bodies from Zhongqing, modifying them with proprietary algorithms, and selling them to end customers, generating revenue from both hardware and software sales [12][13] Industry Standards and Regulations - Currently, there are no existing industry standards for the applications in vehicle inspection and traffic management, prompting Duolun to explore the establishment of relevant standards in collaboration with research institutions [10] Financial Performance - In the first half of 2025, Duolun's overall business performance was subpar, with revenue and profit declining compared to the previous year, primarily due to fiscal constraints faced by government clients [19] - Anticipates improved cash flow and project acceptance in the second half of the year as repayment plans with clients are established [19] Future Growth Strategy - Duolun Technology's future strategy includes expanding into new energy and intelligent sectors while maintaining its core business in public safety and transportation [21] - The "One Body, Two Wings" strategy aims to leverage existing operations for cash flow while exploring new technologies and markets [21] Additional Insights - The company is also involved in assembling coffee robots and may expand this assembly business to other humanoid robot partners to alleviate production pressure [20] - The development of humanoid robots is seen as having strong applicability in the transportation sector, with potential extensions into commercial spaces like malls and exhibitions [15] Product Development and Market Readiness - The current focus is on enhancing the performance of humanoid robots, particularly in traffic command and service roles, with significant advancements in algorithm integration for improved task execution [19] Conclusion Duolun Technology is strategically positioning itself in the humanoid robotics market, leveraging its transportation expertise while navigating financial challenges and exploring new growth avenues in the robotics and intelligent technology sectors.

Group 1 - The core stock price of Duolon Technology (603528) closed at 9.83 yuan, with an increase of 9.96% and a turnover rate of 7.34% on August 13, 2025 [1] - The trading volume was 518,400 hands, with a transaction amount of 497 million yuan [1] - The net inflow of main funds was 203 million yuan, accounting for 40.83% of the transaction amount, with large orders contributing 202 million yuan [1] Group 2 - For the first quarter of 2025, Duolon Technology reported total operating revenue of 105 million yuan, a year-on-year decrease of 37.18%, and a net profit attributable to shareholders of 2.9 million yuan, down 42.82% [1] - The company's non-recurring net profit was 902,500 yuan, showing a year-on-year increase of 91.06% [1] - The liquidity ratio was 5.018, the quick ratio was 4.608, and the debt-to-asset ratio was 15.60% [1] Group 3 - Duolon Technology has made investments in 20 companies and participated in 2,138 bidding projects [2] - The company holds 101 trademark registrations and 431 patents, along with 24 administrative licenses [2] - Established in 1995 and located in Nanjing, Duolon Technology focuses on research and experimental development [1][2]

Market Overview - The Shanghai Composite Index closed at 3682.19 points, above the five-day moving average, with a gain of 0.44% [1] - The total trading volume of A-shares reached 171.88 billion yuan [1] Stocks Exceeding Five-Day Moving Average - A total of 620 A-shares have surpassed the five-day moving average today [1] - Notable stocks with significant deviation rates include: - Shouyao Holdings (15.20%) - Zhongyi Technology (11.60%) - Olin Bio (10.16%) [1][2] Stock Performance Data - The following stocks showed the highest deviation rates from the five-day moving average: - Shouyao Holdings: Today's gain of 19.99%, turnover rate of 9.80%, latest price at 55.94 yuan [2] - Zhongyi Technology: Today's gain of 15.43%, turnover rate of 18.35%, latest price at 31.49 yuan [2] - Olin Bio: Today's gain of 12.73%, turnover rate of 2.99%, latest price at 23.11 yuan [2] - Other notable stocks include: - Guanggang Gas (9.92%) - Tianlong Group (9.55%) - Feilihua (9.54%) [2][3]

8月8日至12日，2025世界机器人大会(以下称「2025WRC」)在北京亦庄举办。人形机器人成为全场焦 点。这场盛会不仅点燃了科技界的热情，更让整个机器人产业链受到更广泛的关注。包括宇树科技、众 擎机器人、优必选在内的50家人形机器人整机企业受邀参加了此次盛会，现场展示了1500多件展品及行 业解决方案。 国际机构瑞银预测，2035年全球人形机器人数量预计将超过200万台，人形机器人的商业化预计会首先 在工业和服务场景开启。2025年上半年，我国工业机器人、服务机器人产量分别同比增长35.6%和 25.5%。在覈心技术领域，感知与环境认知、运动控制与执行、人工智能与决策等方面均取得重大突 破。资本也敏锐捕捉到这一机遇，2025年上半年，国内机器人领域融资事件达283笔，较2024年同期增 长136%，总融资金额达270亿元。人形机器人赛道更是火热，融资事件77起，融资金额109亿元。 在这波机器人产业发展的热潮中，多伦科技积极布局，展现出强大的前瞻性。今年7月，众擎机器人宣 布连续完成Pre-A++轮与A1轮融资，融资规模近10亿元。珠海星芯专项基金参与了其中的Pre-A++轮融 资，这一基金由小鹏汽车作为 ...

Group 1 - The 2025 World Robot Conference (2025 WRC) held in Beijing showcased humanoid robots, attracting significant attention from the technology sector and the entire robotics industry chain [1] - UBS predicts that the global number of humanoid robots will exceed 2 million units by 2035, with commercialization expected to begin in industrial and service scenarios [1] - In the first half of 2025, China's production of industrial and service robots increased by 35.6% and 25.5% year-on-year, respectively, with major breakthroughs in core technology areas such as perception, motion control, and artificial intelligence [1] Group 2 - Doulin Technology (603528) is actively positioning itself in the booming robotics industry, having recently completed significant financing rounds for its subsidiary, Zhongqing Robotics, totaling nearly 1 billion yuan [2] - Doulin Technology established a collaborative innovation research center focused on the secondary development of humanoid robots in traffic scenarios, enhancing its capabilities in driving, road safety, and traffic management [2] - The partnership with Zhongqing Robotics is seen as a strategic move to strengthen the synergy across the industry chain and promote technological research and application of humanoid robots in the transportation sector [2][3] Group 3 - Doulin Technology's investment will complement its stake in Beiyun Technology, which provides real-time motion and posture data for humanoid robots, enhancing their adaptability in complex environments [3] - The focus on a new digital policing paradigm under the "14th Five-Year Plan" presents significant market opportunities for Doulin Technology, aiming to integrate "machine police" into modern policing systems [3] - Doulin Technology plans to develop application-layer terminal solutions for traffic scenarios based on Zhongqing Robotics' "hardware open source + ecological profit-sharing" business model, completing its layout in the humanoid robotics field [3]

Core Insights - The article discusses the advancements and potential applications of humanoid robots in the transportation sector, highlighting the collaboration between Zhongqing Robotics and Duolun Technology to explore these opportunities [1][4]. Investment and Development - Zhongqing Robotics has recently completed Pre-A++ and A1 funding rounds, with Duolun Technology participating in the Pre-A++ round, indirectly holding 1.57% of Zhongqing Robotics [2]. - Duolun Technology aims to enhance its capabilities in humanoid robot development for the transportation sector through this investment, focusing on secondary development and manufacturing [2][3]. - A new collaborative innovation research center has been established by Duolun Technology to advance humanoid robots' applications in traffic scenarios, such as vehicle inspection and management [2]. Company Background - Zhongqing Robotics was founded in 2023, specializing in general-purpose intelligent robots and humanoid robot solutions, with a founding team from notable backgrounds including UC Berkeley and Tsinghua University [3]. - The company has completed six funding rounds, attracting investments from various firms including JD.com and CATL [3]. Market Potential and Challenges - The Chinese smart transportation market is projected to reach 261 billion yuan in 2024, with a growth rate of 7.32%, and is expected to grow to 287 billion yuan in 2025 [6]. - Despite the potential, experts indicate that the current capabilities of humanoid robots are limited, particularly in complex environments, and face challenges related to cost and regulatory frameworks [6][7]. Cost and Pricing Strategy - The humanoid robot industry is experiencing a gradual decrease in pricing, with Zhongqing Robotics introducing a model starting at 38,500 yuan, aimed at increasing market accessibility [7][8]. - The company emphasizes its self-research capabilities in core components, which constitute 60% to 70% of the total hardware cost, allowing for effective cost control and competitive pricing [8].