亿嘉和科技股份有限公司 董事会薪酬与考核委员会关于公司 2025 年员工持股计划 相关事项的核查意见 3、本次员工持股计划有利于建立和完善公司员工与所有者的利益共享机制， 改善公司治理水平，提高员工的凝聚力和公司竞争力，调动员工积极性和创造性， 促进公司长期、持续、健康发展。 因此，公司董事会薪酬与考核委员会同意实施 2025 年员工持股计划，并同 意将相关议案提交董事会审议。 亿嘉和科技股份有限公司 董事会薪酬与考核委员会 2025 年 9 月 9 日 亿嘉和科技股份有限公司（以下简称"公司"）董事会薪酬与考核委员会根 据《公司法》《证券法》《关于上市公司实施员工持股计划试点的指导意见》等 有关法律、法规和规范性文件以及《公司章程》的规定，在认真审阅《亿嘉和科 技股份有限公司 2025 年员工持股计划（草案）》及其摘要的基础上，经充分、 全面的讨论与分析，依据相关规定，就公司 2025 年员工持股计划相关事项发表 核查意见如下： 1、《亿嘉和科技股份有限公司 2025 年员工持股计划（草案）》及其摘要的 内容符合《公司法》《证券法》《关于上市公司实施员工持股计划试点的指导意 见》等有关法律、法规和规范性文件 ...

证券代码：603666 证券简称：亿嘉和 公告编号：2025-056 亿嘉和科技股份有限公司 第四届董事会第七次会议决议公告 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。 一、董事会会议召开情况 （一）亿嘉和科技股份有限公司（以下简称"公司"）第四届董事会第七次 会议于 2025 年 9 月 10 日以现场结合通讯方式召开，会议由董事长朱付云女士主 持。 （二）本次会议通知于 2025 年 9 月 10 日以邮件、电话方式向全体董事发出， 根据《公司法》《公司章程》《董事会议事规则》等相关法律法规及规定，经全体 董事同意，豁免本次会议通知时间要求。 （三）本次会议应出席董事 6 名，实际出席董事 6 名（其中：以通讯表决方 式出席会议的董事 3 名，分别为董事江辉女士、独立董事苏中一先生、独立董事 谢世朋先生）。公司总经理汪超先生、公司副总经理郝俊华先生、副总经理江辉 女士、副总经理兼董事会秘书张晋博先生、财务总监王立杰先生列席了会议（其 中副总经理江辉女士以通讯方式列席会议）。 （四）本次会议的召集、召开符合《公司法》《公 ...

Core Points - The company Yijiahe (603666.SH) announced an employee stock ownership plan for 2025, with a total funding amount not exceeding 42.52 million yuan [1] - The subscription unit for the employee stock ownership plan is set at 1.00 yuan per share, with a maximum number of shares capped at 42.52 million [1] - The total funding amount and number of shares will be determined based on the actual contribution amount from participating employees [1]

Core Insights - The company, Yijiahe (603666.SH), officially launched its bipedal humanoid robot business in 2024 [1] - In early 2025, the company invested in the establishment of Shenzhen Lindong Embodied Technology Co., Ltd. to develop wheeled humanoid robots [1] - Currently, humanoid robots have been trialed in high-voltage power scenarios and are being promoted in the health and wellness sector [1] - By the first half of 2025, the company's commercial cleaning robots have been delivered in over 20 countries worldwide, indicating a positive overall business development trend [1]

Group 1 - The core viewpoint of the news is that Yijiahe Technology Co., Ltd. has seen a significant stock price increase of 7.12%, reaching 32.49 CNY per share, with a total market capitalization of 6.678 billion CNY [1] - Yijiahe specializes in the research, development, production, and sales of special robot products, integrating technologies such as mobility, perception, operation, artificial intelligence, and data analysis [1] - The company's main business revenue composition includes: 57.01% from robot products, 25.28% from smart grid and automation equipment, 15.33% from other services, and 2.38% from drone inspection services [1] Group 2 - Tianhong Fund's Tianhong CSI Robot ETF (159770) has entered the top ten circulating shareholders of Yijiahe, holding 1.1238 million shares, which is 0.54% of the circulating shares [2] - The Tianhong CSI Robot ETF has a total scale of 5.834 billion CNY and has achieved a year-to-date return of 28.18%, ranking 1281 out of 4222 in its category [2] - The fund manager Liu Xiaoming has a tenure of 6 years and 349 days, with the best fund return during his tenure being 56.82% [3]

Core Insights - The humanoid robot sector index increased by 28.66% in the first half of 2025, significantly outperforming other tech sectors like AI and new energy vehicles, with total market capitalization rising from 1.17 trillion yuan to 6.03 trillion yuan, a 415% increase [1] - The performance of the humanoid robot sector shows a divergence, with core component companies leading due to technological breakthroughs and economies of scale, while system integration companies face challenges such as high R&D costs and long payment cycles [2] Company Performance - Among 16 major listed companies in Jiangsu, 12 reported profits while 4 incurred losses, with total R&D investment amounting to 689 million yuan [1] - Leading companies in core components, such as reducers, motors, and screws, have maintained gross margins above 35%, while system integrators struggle with profitability [2] - Green Harmonic, a leader in harmonic reducers, achieved revenue and net profit growth in the first half of the year, with R&D investments leading to a unique technology that extends the reducer's testing life to 12,000 hours and reduces costs by 30%-50% compared to imports [2] R&D and Innovation - Jiangsu Leili produces key components like "joints and dexterous hands," which account for 20%-30% of the total cost of humanoid robots, and has increased R&D expenses by 14.51% year-on-year [3] - Hengli Hydraulic views investments in emerging sectors as a "second curve" for growth, with projections of revenue reaching 80 million to 100 million yuan from new industrial screw products [3] - Companies are actively investing in R&D to enhance their technological capabilities and product offerings, with a focus on advanced technologies like hollow cup motors and planetary roller screws [3] Market Trends - The humanoid robot sector is experiencing rapid growth driven by policy support, capital investment, and technological advancements, with applications expanding from industrial to service sectors [4][5] - Companies like Estun and Tianqi are launching humanoid robots for industrial applications, indicating a shift towards practical deployment in various sectors [4] - The market for humanoid robots is projected to grow significantly, with predictions that the period from 2025 to 2027 will be crucial for companies to establish their technologies in broader commercial service areas [5] Investment and Financing - The humanoid robot industry has seen over 24 billion yuan in financing by July 2025, surpassing the total for the previous year, indicating strong market interest [6] - New players in the complete machine sector are emerging, with significant investments and product launches aimed at various applications, including banking and education [6] - Companies are forming strategic partnerships and making investments to strengthen their positions in key components and core technologies, as seen with Baoxin Technology's investment in Suzhou Jicui Intelligent Manufacturing [5][6] Challenges and Future Outlook - New entrants face challenges related to technological iteration and mass production capabilities, with the industry moving towards standardized production processes [7] - The valuation logic in the capital market is shifting from speculative concepts to performance-based metrics, emphasizing the importance of scalable revenue and positive cash flow [7]

Core Viewpoint - The report highlights the rapid growth of the special robot industry, with a projected global market size of $14 billion in 2024 and a compound annual growth rate (CAGR) of 20.68% over the past five years, expected to reach $15.4 billion by 2025 [1][3]. Industry Overview - Special robots are designed to replace or assist humans in dangerous, heavy, or complex tasks, significantly improving efficiency and safety [2]. - These robots are highly specialized and intelligent, equipped with advanced sensors, processors, communication technologies, and algorithms for efficient autonomous or remote operations [2]. - The special robot market in China is projected to reach 24.6 billion yuan in 2024, with a CAGR of 27.17% over the past five years, expected to grow to 27.1 billion yuan by 2025 [3]. Investment Trends - The special robot sector is attracting increasing attention from investment institutions, with a rise in the number of related companies being registered annually [4]. - In 2024, there were 30 investment events in China's special robot sector, amounting to 2.752 billion yuan, with 14 events and 681 million yuan in the first quarter of 2025 [5]. - The number of registered special robot companies peaked in 2023 at 24,600, indicating a transition from rapid growth to high-quality development [5]. Company Developments - **Jingye Intelligent**: Launched the "Wolf 2" product, a quadruped robot designed for high-risk nuclear industry applications, successfully completing test flights and inspections [6]. - **Construction Industry**: Focused on integrating mechanization, information technology, and intelligence in product development, while also transitioning towards the new energy vehicle sector [7]. - **Yijiahe**: Developed a product system combining high-value special robots and intelligent operation tools, expanding collaborations across various industries [8]. - **New Equipment**: Engaged in high-end equipment manufacturing, focusing on military and civilian applications of intelligent special equipment [8]. - **Zhaowei Electromechanical**: Introduced an industrial-grade product featuring unique single-joint drive technology, suitable for various complex operational environments [9]. - **CITIC Heavy Industries**: Developed an intelligent explosion-proof robot, recognized as a "national manufacturing single champion," with some firefighting robots already exported [9]. - **Robots**: Successfully applied a mud retrieval robot in nuclear decommissioning, reducing environmental safety risks [9].

Core Insights - The company Yijiahe (603666) reported a significant increase in total revenue and a reduction in net loss for the first half of 2025, indicating improved operational performance [1] - The company's accounts receivable remains high, representing 118.54% of total revenue, which may pose liquidity concerns [1] Financial Performance - Total revenue for the first half of 2025 reached 268 million yuan, an increase of 88.8% year-on-year [1] - The net loss attributable to shareholders was 19.79 million yuan, a reduction of 76.73% compared to the previous year [1] - The gross margin was 40.42%, down 1.79% year-on-year, while the net margin improved to -7.35%, an increase of 88.12% [1] - The total of selling, administrative, and financial expenses was 73.48 million yuan, accounting for 27.44% of revenue, a decrease of 57.93% year-on-year [1] Cash Flow and Assets - Operating cash flow per share was -0.09 yuan, a decrease of 157.33% year-on-year, indicating reduced cash inflow from operations [1][6] - The company’s cash and cash equivalents decreased by 34.77% to 278 million yuan [1] - Accounts receivable increased by 2.72% to 694 million yuan, reflecting ongoing credit sales [1] Changes in Financial Items - Significant changes in financial items included a decrease in notes receivable by 88.32% and a decrease in accounts receivable financing by 96.38% due to maturities [3][4] - Long-term equity investments increased by 137.91% due to investments in Jiangsu Zhibo Brewing Technology Co., Ltd. [3] - Fixed assets increased by 102.5% as the special robot R&D project reached operational status [3] Fund Holdings - The largest fund holding Yijiahe shares is the Guotai Junan Jinma Stable Mixed Fund, with a current scale of 776 million yuan [10] - Other funds have recently increased their positions in Yijiahe, indicating growing interest from institutional investors [10]

Group 1 - The core viewpoint of the news is that Yijiahe (603666.SH) has disclosed its semi-annual report for 2025, indicating significant institutional investment in the company [1] - As of August 25, 2025, a total of 10 institutional investors hold 50.071 million shares of Yijiahe, accounting for 24.25% of the total share capital [1] - The top ten institutional investors include various funds and asset management companies, with a combined holding ratio of 24.25%, which has decreased by 0.21 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, one fund, Huaxia CSI Robotics ETF, increased its holdings by 0.25% compared to the previous quarter [2] - Two public funds, Guotai Junan Stable Return Mixed A and Huabao Specialized New Mixed Initiation A, reduced their holdings by 0.19% [2] - Three new public funds disclosed their holdings this period, including Tianhong CSI Robotics ETF, Baoying Ruifeng Innovation Mixed A/B, and Shenwan Hongyuan Lexin Mixed A [2] Group 3 - Regarding foreign investment, J.P. Morgan Securities PLC has not disclosed any holdings in the current period compared to the previous quarter [3]

Core Points - Yijiahe Technology Co., Ltd. reported a significant increase in operating revenue for the first half of 2025, reaching approximately 267.75 million yuan, which is an 88.80% increase compared to the same period last year [1] - The company experienced a net loss attributable to shareholders of approximately 19.79 million yuan, compared to a loss of about 85.03 million yuan in the previous year [1] - Total assets decreased by 6.78% to approximately 3.15 billion yuan, while net assets attributable to shareholders slightly decreased by 0.92% to about 2.14 billion yuan [1] Financial Summary - Operating revenue for the reporting period was 267,746,646.29 yuan, up from 141,811,997.93 yuan in the same period last year [1] - Total profit for the period was a loss of 18,808,743.92 yuan, compared to a loss of 107,398,133.84 yuan in the previous year [1] - The net cash flow from operating activities was a negative 19,337,467.57 yuan, worsening from a negative 7,514,554.15 yuan in the previous year [1] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,799 [1] - The largest shareholder, Zhu Fuyun, holds 23.80% of the shares, amounting to 49,145,400 shares, with 14,300,000 shares pledged [2] - Other significant shareholders include Nanjing Ruibei Venture Capital Management Center and Zhejiang Junhong Asset Management Co., with holdings of 12.35% and 5.90% respectively [2]