Core Points - Yijiahe Technology Co., Ltd. and Huawei Cloud Computing Technology Co., Ltd. signed a cooperation agreement on November 10 to deepen collaboration in cloud-native robotic products [1] - The partnership aims to jointly launch cloud-native robotic products and solutions, focusing on sectors such as healthcare and power [1] - Yijiahe is set to officially launch its first embodied care robot soon [1]

Group 1 - On November 10, Yijiahe executed a block trade of 335,000 shares, with a transaction amount of 10.05 million yuan, accounting for 1.66% of the total trading volume for the day [1] - The transaction price was 30 yuan, representing a discount of 15.61% compared to the market closing price of 35.55 yuan [1]

Market Overview - The automation equipment sector experienced a decline of 0.86% on November 10, with Dongjie Intelligent leading the drop [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - Notable gainers in the automation equipment sector included: - Inno Laser (301021) with a closing price of 43.98, up 8.70% and a trading volume of 166,500 shares, totaling 716 million yuan [1] - Yijiahe (603666) closed at 35.55, up 6.69% with a trading volume of 169,000 shares [1] - Ruishun Technology (688090) closed at 37.80, up 4.71% with a trading volume of 64,200 shares [1] - Conversely, Dongjie Intelligent (300486) saw a significant decline of 6.62%, closing at 21.85 with a trading volume of 293,400 shares, totaling 650 million yuan [2] Capital Flow - The automation equipment sector experienced a net outflow of 1.283 billion yuan from institutional investors, while retail investors saw a net inflow of 812 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Inno Laser (301021) had a net inflow of 97.05 million yuan from institutional investors, but a net outflow of 91.46 million yuan from retail investors [3] - Other notable stocks included: - Saiteng Co. (603283) with a net inflow of 84.12 million yuan from institutional investors [3] - Ruike Laser (300747) with a net inflow of 26.20 million yuan from institutional investors [3]

Core Insights - Nanjing is emerging as a leader in intelligent manufacturing, showcasing technological innovations such as inspection robots, AI vision, and digital twins [1][9] - The 2025 World Intelligent Manufacturing Conference will be held in Nanjing, highlighting the city's advancements in industrial software and manufacturing [1][9] Company Highlights - Yijiahe Technology has developed the M100 inspection robot, which can identify loose screws and foreign objects with an accuracy rate exceeding 96%, significantly reducing the workload of staff [3][5] - Yijiahe is expanding its product line to include various robots for different applications, including health management for the elderly and overseas market expansion [5] - Xiaoshi Technology has achieved breakthroughs in AI vision technology, addressing challenges such as complex lighting and motion blur, with its smart manufacturing output reaching hundreds of millions [7] - Xiaoshi plans to enhance AI's adaptability to manufacturing needs and contribute to standardization efforts in the industry [7] - Qiangsi Digital Technology has introduced high-precision 3D intelligent modeling for process industries, reducing costs by 50% and maintaining a modeling accuracy within 2mm [9] Industry Trends - Nanjing's AI products and services span various sectors, including consumption, healthcare, transportation, energy, and industrial manufacturing, with over 90 large models released [9] - The advancements in AI and intelligent manufacturing are expected to contribute significantly to the city's industrial strength and high-quality development [9]

Core Viewpoint - The emergence of the new generation of intelligent robots for live-line work in the power distribution sector marks a significant advancement in operational efficiency, safety, and reliability, addressing the labor crisis in the industry [1][26][39] Group 1: Robot Functionality and Efficiency - The new generation of live-line work robots can perform complex tasks such as connection, disconnection, and equipment installation independently, which previously required experienced technicians [4][19] - The robot operates under high voltage (10,000 volts) and can complete tasks with a work efficiency close to 90% of that of human workers, achieving a 100% accident-free record [23][24] - It features two independent robotic arms with a load capacity of 20 kilograms, enabling it to handle heavy-duty tasks that were challenging for human workers [19][20] Group 2: Deployment and Impact - The robot has been deployed in multiple provinces, including Jiangsu, Zhejiang, and Sichuan, successfully completing over 10,000 tasks [11][27] - A notable achievement includes the first nighttime live-line connection work in Shanghai, showcasing the robot's advanced navigation and operational capabilities [12][28][30] - The demand for uninterrupted power supply has increased, necessitating the use of such robots to enhance operational efficiency and safety in live-line work [26][27] Group 3: Technological Advancements - The robot integrates AI algorithms and human-machine collaborative control, allowing it to autonomously plan paths and adjust to environmental changes [22] - Future iterations aim to enhance the robot's autonomy and adaptability in extreme weather conditions and complex environments [31][35] - The development of a deep learning platform is underway to continuously improve the robot's operational capabilities through data sharing and model updates [36][38] Group 4: Industry Challenges and Future Directions - The power industry faces a labor crisis, with many experienced technicians nearing retirement and younger workers showing little interest in high-risk jobs [26] - The company aims to develop a third-generation robot that can be operated by a single person, significantly reducing the workforce required for live-line tasks [35] - The long-term goal is to transfer the robot's capabilities to other complex operational environments, expanding its application beyond the power sector [40]

证券代码：603666 证券简称：亿嘉和 公告编号：2025-065 亿嘉和科技股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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： 亿嘉和科技股份有限公司（简称"公司"）已于 2025 年 10 月 31 日在上海证 券交易所网站（www.sse.com.cn）披露了《2025 年第三季度报告》。为便于广大 投资者更加全面深入地了解公司经营情况、发展战略等情况，公司计划于 2025 年 11 月 14 日（星期五）15:00-16:00 在"价值在线"（www.ir-online.cn）举办 公司 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 会议召开时间：2025 年 11 月 14 日（星期五）15:00-16:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 11 月 14 日 前 访 问 网 址 https://eseb.cn ...

Market Overview - The Shanghai Composite Index closed at 3976.52 points, above the annual line, with a gain of 0.55% [1] - The total trading volume of A-shares reached 21,329.04 million yuan [1] Stocks Breaking Annual Line - A total of 110 A-shares have surpassed the annual line today, with notable stocks including: - Deer Chemical with a deviation rate of 14.65% - Yabao Chemical at 11.35% - Fushi Holdings at 10.87% [1] Top Stocks by Deviation Rate - The following stocks had the highest deviation rates from the annual line: - Deer Chemical: 20.75% increase, latest price 16.06 yuan, deviation rate 14.65% [1] - Yabao Chemical: 11.98% increase, latest price 8.13 yuan, deviation rate 11.35% [1] - Fushi Holdings: 13.39% increase, latest price 5.76 yuan, deviation rate 10.87% [1] Additional Stocks with Notable Performance - Other stocks with significant performance include: - Meirui New Materials: 19.99% increase, latest price 18.97 yuan, deviation rate 9.48% [1] - Intercontinental Oil and Gas: 10.13% increase, latest price 2.61 yuan, deviation rate 9.37% [1] - Tianjin Pulin: 10.00% increase, latest price 22.23 yuan, deviation rate 7.84% [1]

Core Viewpoint - Yijiahe (SH 603666, closing price: 30.04 yuan) announced the convening of its fourth board meeting on October 30, 2025, to review various proposals, including the management system for senior executives' departure [1] Company Summary - For the fiscal year 2024, Yijiahe's revenue composition is as follows: 60.27% from the power industry, 24.7% from non-power industries, and 15.03% from other businesses [1]

证券代码：603666 证券简称：亿嘉和 公告编号：2025-064 亿嘉和科技股份有限公司 第四届董事会第八次会议决议公告 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 表决结果：6 票同意、0 票反对、0 票弃权。 本议案已经公司第四届董事会审计委员会第五次会议全体委员审议通过，并 同意提交董事会审议。 （二）审议通过《关于制定<董事、高级管理人员离职管理制度>的议案》 经审议，董事会同意根据有关法律法规、规范性文件的规定，结合《公司章 程》及公司实际情况，制定《董事、高级管理人员离职管理制度》。 表决结果：6 票同意、0 票反对、0 票弃权。 （一）亿嘉和科技股份有限公司（以下简称"公司"）第四届董事会第八次 会议于 2025 年 10 月 30 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 10 月 25 日以邮件、电话送达方式向全体董 事发出。 （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 ...

Financial Performance - The company's operating revenue for the third quarter was ¥88,206,729.43, a decrease of 65.97% compared to the same period last year[4] - The total profit for the third quarter was -¥19,120,514.48, reflecting a decline of 583.29% year-on-year[4] - The net profit attributable to shareholders was -¥22,528,563.75, a decrease of 569.05% compared to the previous year[4] - The net cash flow from operating activities for the year-to-date was -¥83,098,125.98, representing a decline of 223.83%[4] - Basic earnings per share for the third quarter were -¥0.11, a decrease of 650.00% year-on-year[5] - The total operating revenue for the first three quarters of 2025 was CNY 355,953,375.72, a decrease of 11.2% compared to CNY 401,015,451.48 in the same period of 2024[24] - The net profit for the first three quarters of 2025 was -45,747,607.94 RMB, compared to -84,159,958.77 RMB in the same period of 2024, showing an improvement of approximately 45.3%[25] - Operating profit for the first three quarters of 2025 was -37,763,742.32 RMB, a significant improvement from -103,357,153.83 RMB in the previous year[25] - Total revenue from operating activities in the first three quarters of 2025 was 489,898,717.78 RMB, down from 647,234,427.70 RMB in 2024, representing a decrease of about 24.4%[27] - Basic and diluted earnings per share for the first three quarters of 2025 were both -0.21 RMB, an improvement from -0.40 RMB in the same period of 2024[26] - The company recorded a total comprehensive loss of -45,747,607.94 RMB for the first three quarters of 2025, compared to -82,571,339.78 RMB in 2024[26] - Investment income for the first three quarters of 2025 was 2,275,461.33 RMB, a significant recovery from a loss of -19,623,015.54 RMB in the previous year[25] - The company's financial expenses decreased significantly to 331,277.48 RMB in 2025 from 11,286,848.56 RMB in 2024, indicating improved cost management[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,179,511,816.11, down 5.83% from the end of the previous year[5] - The total liabilities as of September 30, 2025, were CNY 1,057,824,232.76, compared to CNY 1,208,981,529.36 at the end of 2024, indicating a decrease of 12.5%[22] - The total assets as of September 30, 2025, were CNY 3,179,511,816.11, down from CNY 3,376,416,720.65 at the end of 2024[20] - As of September 30, 2025, the total current assets were CNY 1,712,042,555.22, slightly down from CNY 1,733,680,967.18 at the end of 2024[20] - The company's cash and cash equivalents were CNY 282,234,705.17 as of September 30, 2025, compared to CNY 289,513,342.59 at the end of 2024[20] - The long-term equity investments increased to CNY 3,276,709.20 as of September 30, 2025, from CNY 1,043,131.51 at the end of 2024[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 25,107[11] - The largest shareholder, Zhu Fuyun, holds 49,145,400 shares, representing 23.91% of total shares[11] - The company repurchased 960,396 shares, reducing total share capital from 206,490,816 shares to 205,530,420 shares[14] - The registered capital decreased from 20,649.0816 million RMB to 20,553.042 million RMB after the share repurchase[15] - The company plans to use 2,599,038 repurchased shares for employee stock ownership plans or equity incentives[16] - The top 10 shareholders hold a combined total of 103,000,000 shares, accounting for approximately 50% of total shares[11] - The company has not disclosed any changes in the participation of top shareholders in margin trading or securities lending[13] - The shareholder Nanjing Ruibei Venture Capital Management Center (Limited Partnership) is associated with Zhu Fuyun[12] - The company has not identified any other significant relationships among the top shareholders[12] Operational Insights - The decline in operating revenue was primarily due to fewer project deliveries and revenue recognition during the reporting period[9] - The company reported a significant increase in losses from investments in joint ventures, contributing to the overall net loss[9] - The company plans to focus on improving cash flow management and reducing operational costs in the upcoming quarters[9] - Cash flow from operating activities for the first three quarters of 2025 was -83,098,125.98 RMB, compared to a positive cash flow of 67,107,718.14 RMB in the same period of 2024[27] - Cash flow from investment activities generated a net inflow of 20,108,149.38 RMB in 2025, a recovery from a net outflow of -40,819,110.00 RMB in 2024[28] - The company reported cash and cash equivalents at the end of the period amounting to 277,457,593.86 RMB, an increase from 157,165,411.41 RMB at the end of the previous year[28] Accounting Changes - The company has implemented changes in accounting policies effective January 1, 2024, resulting in a retrospective adjustment of CNY 5,201,707.39 for quality assurance fees[18] - The company is actively advancing the banking procedures related to the equity restructuring of its subsidiary, Tadao Medical[17]