Group 1: Changhua Group - Changhua Group has successfully produced new iterative samples in planetary roller screw, with testing data meeting industry requirements, but the product is still in the R&D stage and has not generated revenue, indicating significant investment risk [1] - For carbon-ceramic brake disc metal structural components, the company will start supplying new energy vehicle manufacturers by the end of 2024, with an expected total sales amount exceeding 100 million yuan, indicating a broad market prospect [1] - As of July 2025, the company has announced new designated business worth 2.013 billion yuan, with ample orders and a significant increase in production capacity utilization [1] Group 2: Shijia Photon - Shijia Photon has made progress in multiple business segments, with the 800G/1.6T optical module MT-F products already in mass production, and the 1.6T optical module WG chips and components having completed R&D and verification [2] - The expansion plan for MPO products is progressing smoothly, focusing on factory planning, equipment installation, and personnel recruitment and training [2] - Inventory growth is due to strategic stocking of key raw materials, while capital expenditure has increased due to higher R&D investment, capacity expansion, and overseas layout, with plans for dynamic optimization of capital allocation in the future [2]

Group 1: Aojie Technology - Aojie Technology has made significant progress in ASIC business, RedCap chips, and 4G/5G smartphone chips [1] - The ASIC business is focused on smart wearables, edge SOC, RISC-V, and cloud inference chips, with expected substantial revenue growth by 2026 [1] - RedCap chips are commercially available in the IoT market, and the company has production capabilities for smart wearables [1] - The company has successfully commercialized 4G quad-core chips and is making progress on 4G octa-core, 6nm 4G octa-core, and 6nm 5G octa-core chips [1] - Aojie Technology plans to control the growth of operating and R&D expenses to no more than 15% [1] Group 2: Changhua Group - Changhua Group has successfully produced new iterative samples of planetary roller screw, but the product is still in the R&D stage and has not generated revenue [2] - The company plans to supply carbon-ceramic brake disc metal structural parts to new energy vehicle companies by the end of 2024, with a total sales amount expected to exceed 100 million yuan [2] - As of July 2025, the company has announced new customer contracts worth 2.013 billion yuan, indicating strong order backlog and expected significant increase in capacity utilization [2] - Changhua Group is actively acquiring land and increasing capacity to enhance profitability [2] Group 3: Haohan Depth - Haohan Depth's convertible bond (118052) is set to be listed on April 7, 2025 [3] - The company has established a "Low-altitude Airspace Safety Technology Innovation Joint Laboratory" in collaboration with several institutions [3] - Haohan Depth's DPI technology and related cybersecurity solutions are designed to detect risks, identify threats, block attacks, and protect data and privacy, enhancing overall security in the Internet of Vehicles [3] Group 4: Chongda Technology - Chongda Technology anticipates positive growth in the global PCB market by 2025, with strong order demand and rising product prices [4] - The company's capacity utilization rate is at 85%, with new production capacities including multiple factories in Zhuhai and a production base in Thailand [4] - To improve profitability, Chongda Technology is focusing on high-value customers, optimizing sales structure, and enhancing cost management [4] - The company is implementing a structural price increase strategy to cope with rising raw material costs [4] - The U.S. market accounts for 10% of the company's revenue, and it is adopting strategies to diversify markets and optimize customer cooperation in response to tariff policy changes [4] Group 5: Galaxy Fund - Galaxy Fund was established in 2002, with total assets under management of 105.976 billion yuan, ranking 58th out of 210 [4] - The fund's non-monetary public fund assets amount to 75.871 billion yuan, ranking 56th out of 210 [4] - The fund manages 162 public funds, ranking 47th out of 210, with 25 fund managers, ranking 54th out of 210 [4] - The best-performing public fund product in the past year is the Galaxy Innovation Growth Mixed A, with a latest net value of 6.62 and a growth of 52.02% over the past year [4]

Investment Rating - The report does not explicitly state an investment rating for the automotive industry or the embodied intelligence sector Core Insights - The embodied intelligence sector is entering a rapid implementation phase as of 2025, with multiple manufacturers planning mass production of robots across various applications [12][16][18] - The automotive industry is actively integrating embodied intelligence into its supply chain, leveraging existing technological advancements and manufacturing capabilities [34][37] - Government policies across various provinces are increasingly supportive of the embodied intelligence and robotics industries, aiming to foster innovation and market expansion [17][21][18] Summary by Sections 1. Rapid Development of Embodied Intelligence - The period from 2020 to 2025 marks a significant evolution in embodied intelligence, driven by advancements in AI and robotics, particularly following the release of OpenAI's ChatGPT3 [11] - Major manufacturers like Tesla and Xiaomi are entering the market, with Tesla predicting a production capacity of over 5,000 units by 2025 and 50,000 units by 2026 [13][16] - The demand for robots in various sectors is projected to grow significantly, with manufacturing being a primary area for automation due to its repetitive tasks [25][27] 2. Integration of Automotive and Embodied Intelligence - The automotive industry is leveraging its existing technological expertise in areas such as sensor fusion and control algorithms to facilitate the development of embodied intelligence [34][37] - Over ten automotive manufacturers are actively pursuing the embodied intelligence sector through self-development and strategic investments [36][37] - The shared supply chain for components like sensors and chips between automotive and robotics sectors is expected to reduce costs and enhance production efficiency [43][49] 3. Government Support and Policy Framework - Various provinces, including Shenzhen and Beijing, have introduced policies to support the development of embodied intelligence, focusing on technology breakthroughs and ecosystem building [17][21][18] - The policies aim to create a conducive environment for innovation, with specific targets for industry scale and technological advancements by 2027 [18][21] - The report highlights a collaborative approach among regions to drive the growth of the embodied intelligence sector, emphasizing the importance of technology and market integration [18][21]

Group 1 - The company has successfully produced new iterative samples of planetary roller screw and is currently in the research and development phase, with no mass production yet [2] - The company has acquired nearly 100 acres of land in the Hangzhou Bay New Area to design and plan a new production line for planetary roller screws, indicating proactive future development [2] - The carbon-ceramic brake disc is expected to reach a market scale of nearly 10 billion RMB, with the company starting to supply new energy vehicle manufacturers by the end of 2024 [2] Group 2 - The company has announced new customer orders totaling 2.013 billion RMB as of July 2025, with a significant number of orders not yet disclosed [3] - The company is focusing on expanding its new energy business and enhancing its competitive strength in the automotive metal parts sector [3] - The company's Q1 2025 report shows a main revenue of 423 million RMB, a year-on-year decrease of 27.82%, and a net profit of 6.7913 million RMB, down 84.87% year-on-year [3]

Core Viewpoint - Changhua Group reported a significant decrease in the number of shareholders, indicating potential concerns regarding investor confidence and stock performance [1] Shareholder Information - As of July 31, the number of shareholders for Changhua Group was 19,442, a decrease of 3,850 from the previous period (July 20), representing a decline of 16.53% [1] Stock Performance - The closing price of Changhua Group was 12.77 yuan, with a slight increase of 0.16%. However, since the concentration of shares began, the stock price has cumulatively decreased by 2.89% [1] - The stock experienced 5 days of increases and 5 days of decreases during the reporting period [1] Financial Performance - In the first quarter, Changhua Group achieved a revenue of 423 million yuan, a year-on-year decrease of 27.82% [1] - The net profit for the same period was 6.79 million yuan, down 84.87% year-on-year, with basic earnings per share at 0.0100 yuan and a weighted average return on equity of 0.25% [1]

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： ? 长华控股集团股份有限公司（以下简称"公司"）近期收到国内车企（限 于保密要求，无法披露其名称，以下简称"客户"）的定点开发通知书，定点产 品主要为关键金属结构件。此次定点项目生命周期 5 年，预计生命周期总销售金 额约人民币 2.2 亿元，此次定点项目预计在 2026 年第 3 季度逐步开始量产。产品 的具体供应时间以双方签订的相关合同或协议为准。 ? 定点开发通知书并不反映客户最终的实际采购数量，目前项目总金额仅 为预计金额，后续实际开展情况存在不确定性，具体以订单结算金额为准。 证券代码：605018 证券简称：长华集团 公告编号：2025-033 长华控股集团股份有限公司 关于收到客户项目定点通知书的公告 二、对公司的影响 责生产。此次定点项目预计在 2026 年第 3 季度逐步开始量产，预计对公司本年度业 绩不会构成重大影响，若后续实质性销售订单顺利转化，有利于增加未来年度的营业 收入和经营效益。 对方当事人形成依赖。 三、风险提示 计金额，后续实际开 ...

证券代码：605018 证券简称：长华集团 公告编号：2025-033 长华控股集团股份有限公司 公司相关产品的实际销售金额将与该客户实际产量等因素直接相关，整 体市场的发展状况、国家宏观经济形势等因素均可能会对该客户的生产计划和采 购需求构成影响，进而对本公司的供货量带来不确定性。尽管合同双方具备履约 能力，但在合同履约过程中，可能会出现因产品开发遇阻、客户业务调整或不可 抗力等原因，导致项目延期、变更、中止或终止。 1 一、定点通知书概述 公司近期收到国内车企的定点开发通知书，定点产品主要为关键金属结构件。此 次定点项目生命周期 5 年，预计生命周期总销售金额约人民币 2.2 亿元，此次定点项 目预计在 2026 年第 3 季度逐步开始量产。产品的具体供应时间以双方签订的相关合 同或协议为准。 二、对公司的影响 关于收到客户项目定点通知书的公告 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： 长华控股集团股份有限公司（以下简称"公司"）近期收到国内车企（限 于保密要求，无法披露其名称，以下简称"客户"）的定 ...

格隆汇7月31日丨长华集团(605018.SH)公布，公司近期收到国内车企的定点开发通知书，定点产品主要 为关键金属结构件。此次定点项目生命周期5年，预计生命周期总销售金额约人民币2.2亿元，此次定点 项目预计在2026年第3季度逐步开始量产。产品的具体供应时间以双方签订的相关合同或协议为准。 ...

智通财经APP讯，长华集团(605018.SH)公告，公司近期收到国内车企的定点开发通知书，定点产品主 要为关键金属结构件。此次定点项目生命周期5年，预计生命周期总销售金额约2.2亿元，此次定点项目 预计在2026年第3季度逐步开始量产。 ...

Group 1 - The company, Changhua Group (605018.SH), has received a notification for designated development from a domestic automotive manufacturer, focusing on key metal structural components [1] - The designated project has a lifecycle of 5 years, with an expected total sales amount of approximately 220 million yuan during this period [1] - Mass production for this designated project is anticipated to gradually commence in the third quarter of 2026 [1]