日前，瑞松科技董事长孙志强在接受上海证券报记者专访时表示："瑞松科技将向工业装备产业链上游 迈进，在高端精密制造领域打出一片天地。" 布局高精高速机器人新赛道 在我国高端精密制造场景中，传统机器人仍面临精度不足、柔性化水平低、环境适应性弱等挑战。随着 半导体、高端精密电子、3C电子、光通讯等行业领域对高精度、高速度、高智能、高柔性需求的激 增，以及对具备高可靠性、自主决策能力的高端智能机器人的迫切需求，瑞松科技的聚焦战略更具现实 意义。 今年8月，瑞松科技已正式决定成立全资子公司——广州瑞松机器人技术有限公司（简称"瑞松机器 人"），重点聚焦高精高速六轴机器人、具身智能机器人、嵌入式控制器及核心零部件的研发、生产与 销售，并提供应用于半导体、高端精密电子、3C电子、光通讯等领域的高端柔性精密制造解决方案、 工艺技术解决方案及工业自动化软件定制开发服务。 据介绍，瑞松高精高速六轴机器人突破半导体封装、精密电子装配等领域对超高速、超精密作业的技术 瓶颈，替代传统串联机器人和人工操作。目前，此款机器人产品已拥有自主研发的高精度运动控制算 法，高速动态响应技术，以及振动抑制算法及多传感器与机器人融合技术。 孙志强认为 ...

Core Insights - The humanoid robot industry is transitioning from technology breakthroughs to commercial applications, with significant interest in business collaborations and order volumes [6] - Companies are focusing on developing humanoid robots and their core components, with expectations of substantial growth in related business by 2025 [1][2] Group 1: Company Developments - Tianzhun Technology is currently providing brain controllers for humanoid robots and has received multiple bulk orders from clients this year [7] - Efort is developing humanoid robot prototypes and optimizing their designs, with plans to release new models in 2025 [4] - Boke Co. has achieved a transition from small batch orders to bulk orders in the humanoid robot sector, expecting over 100% year-on-year growth in related business by the first half of 2025 [6] Group 2: Industry Trends - The humanoid robot market is anticipated to see significant commercial activity by 2025, with a focus on specific application scenarios [2] - Companies like Ruishun Technology are building technical reserves in AI and motion control, although they have not yet engaged directly in humanoid robot business [3] - The industry is characterized by a strong manufacturing base and diverse application scenarios in China, which are conducive to the development of humanoid robots [3] Group 3: Technological Innovations - Boke Co. is concentrating on motion control solutions for both bipedal and wheeled humanoid robots, with core products including frameless torque motors and hollow actuators [2] - Tianzhun Technology integrates NVIDIA tools and models to create comprehensive solutions for humanoid robots, enhancing their competitive edge [7] - Companies are exploring various visual perception technologies, such as depth cameras and LiDAR, to enhance humanoid robot capabilities [7]

Core Viewpoint - Recently, Ruishun Technology (688090) reported a decline in revenue and net profit for the first half of 2025, indicating financial struggles and a significant increase in accounts receivable relative to net profit [1][3]. Financial Performance - Total revenue for the first half of 2025 was 364 million yuan, a decrease of 9.82% year-on-year [1]. - The net profit attributable to shareholders was -1.2877 million yuan, down 144.54% compared to the previous year [1]. - In Q2 2025, total revenue was 190 million yuan, reflecting a 20.37% year-on-year decline [1]. - The net profit for Q2 2025 was -3.391 million yuan, a decrease of 285.03% year-on-year [1]. - Gross margin was 20.52%, down 1.35% year-on-year, while net margin plummeted to 0.01%, a drop of 99.37% [1]. - Total operating expenses (selling, administrative, and financial) amounted to 50.239 million yuan, representing 13.79% of revenue, an increase of 21.09% year-on-year [1]. Balance Sheet and Cash Flow - Cash and cash equivalents increased to 422 million yuan, a rise of 22.05% year-on-year [1]. - Accounts receivable decreased to 114 million yuan, down 51.61% year-on-year [1]. - Interest-bearing debt was 141 million yuan, a decrease of 9.82% year-on-year [1]. - The company reported a significant increase in operating cash flow per share to 0.04 yuan, up 104.92% year-on-year [1]. Return on Investment - The company's Return on Invested Capital (ROIC) was 1.16% last year, indicating weak capital returns [3]. - Historical data shows a median ROIC of 4.88% since the company went public, with a particularly poor performance in 2022, where ROIC was -8.22% [3]. Debt Servicing and Business Model - The company has a healthy cash asset position, which is crucial for debt servicing [4]. - The business model relies heavily on research and marketing efforts, necessitating a deeper analysis of these driving factors [4]. Accounts Receivable Concerns - The accounts receivable to profit ratio reached 1015.27%, raising concerns about the company's collection efficiency [5].

Meeting Overview - The first extraordinary general meeting of shareholders for 2025 will be held on September 17, 2025, at 14:00 in the company's conference room located at 188 Ruixiang Road, Huangpu District, Guangzhou [3] - The meeting will adopt a combination of on-site and online voting methods [3] Voting Procedures - Shareholders can vote through the Shanghai Stock Exchange's online voting system, with voting available from 9:15 to 15:00 on the day of the meeting [3][4] - Specific voting times for the trading system are from 9:15-9:25, 9:30-11:30, and 13:00-15:00 [3] Shareholder Participation - Only shareholders registered with the China Securities Depository and Clearing Corporation Limited as of September 12, 2025, are eligible to attend the meeting [4] - Shareholders can appoint proxies to attend and vote on their behalf, and the proxy does not need to be a shareholder [4] Documentation Requirements - Shareholders or their proxies must present valid identification and proof of shareholding to register for the meeting [5][6] - The company will not accept telephone registrations; all registrations must be confirmed in writing [6] Additional Information - The meeting is expected to last half a day, and attendees are responsible for their own travel and accommodation expenses [6] - Contact information for inquiries includes a phone number and email address [8]

Core Viewpoint - The legal opinion letter addresses the adjustment of performance assessment indicators for the 2025 restricted stock incentive plan of Guangzhou Ruisheng Intelligent Technology Co., Ltd. [1][2][4] Group 1: Approval and Authorization of Adjustments - The adjustments to the performance assessment indicators have been approved and authorized by the company's board of directors, in accordance with relevant laws and regulations [7][8][10] - The adjustments are necessary to ensure the smooth implementation of the incentive plan and to motivate the company's team effectively [12][13] Group 2: Specific Adjustments to Performance Indicators - The performance assessment for the incentive plan will now include both net profit growth rate and non-recurring net profit growth rate, with 2024 as the base year [16][17] - The adjusted performance targets for the first vesting period in 2025 are set at a target value of 170% and a trigger value of 140% for net profit growth rate [15][17] - For the second vesting period in 2026, the target value is set at 260% and the trigger value at 230% for net profit growth rate [15][17] Group 3: Compliance and Conclusion - The adjustments comply with the relevant regulations and do not harm the interests of the company and its shareholders [19][20] - The adjustments still require approval from the company's shareholders' meeting to be fully enacted [19][20]

证券代码：688090 证券简称：瑞松科技 公告编号：2025-057 广州瑞松智能科技股份有限公司 关于取消监事会并修订《公司章程》 及部分公司治理相关制度的公告 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、 准确性和完整性依法承担法律责任。 二、修订《公司章程》情况 根据《公司法》《上市公司治理准则》《上市公司章程指引》《上海证券交易 所科创板股票上市规则》和《上海证券交易所科创板上市公司自律监管指引第1号— —规范运作》等法律法规及规范性文件的相关规定，结合公司实际情况及经营发展 需要，公司拟对《公司章程》相关内容进行修订。 因本次修订所涉及的条目较多，本次对《公司章程》及附件中关于原监事会行 使的职权统一修改为由审计委员会行使，整体删除原《公司章程》中"监事""监 事会会议决议""监事会主席"的表述并部分修改为审计委员会成员、审计委员会、 审计委员会召集人，相关章节、条款及交叉引用所涉及的序号根据上述内容做相应 调整，在不涉及其他修订的前提下，不再逐项列示。 | | 具体修订内容对照如下： | | | --- | --- | --- | | ...

Fundraising Overview - The company raised a total of RMB 463,946,049.85 from the issuance of 16,840,147 shares at a price of RMB 27.55 per share, with a net amount of RMB 418,893,117.00 after deducting issuance costs and taxes [1][2] - As of June 30, 2025, the net amount of raised funds was RMB 405,874,233.95, with additional interest income from various financial products totaling RMB 18,393,798.12 [2][3] Fund Usage and Management - The company has utilized RMB 307,253,143.57 from the raised funds in previous years and RMB 14,871,801.68 in the current period for investment projects, leaving a balance of RMB 91,476,794.04 for working capital [2][3] - The company has established a management system for the raised funds, ensuring compliance with regulations and maintaining a dedicated account for fund storage [1][2] Cash Management - The company has approved the use of up to RMB 80 million of temporarily idle funds for cash management, investing in low-risk financial products to ensure liquidity and safety [2][3] - The total income from cash management activities during the reporting period was RMB 463,821.98 [3] Surplus Fund Usage - The company has used surplus funds of RMB 9.25 million to repay bank loans, which is approximately 29.99% of the total surplus funds raised [3] - As of June 30, 2025, the company has utilized RMB 1.85 million of surplus funds for short-term bank loan repayment, with no other instances of using surplus funds for working capital [3] Project Completion and Fund Reallocation - The company has completed the "Industrial Robot and Intelligent Equipment Production Base Project" and the "R&D Center Construction Project," reallocating surplus funds of RMB 40,677,887.69 and RMB 50,798,906.35 respectively to working capital [3][4] - The company has not made any changes to the fundraising projects during the reporting period [3][4] Compliance and Reporting - The company has confirmed that all disclosed information regarding the use of raised funds is timely, truthful, accurate, and complete, with no significant violations in fund usage [3][4] - The special report on fundraising was approved by the board of directors on August 28, 2025 [3]

Group 1 - The board of directors of Guangzhou Ruishun Intelligent Technology Co., Ltd. held its fourth meeting on August 28, 2025, to discuss various proposals [1] - The board unanimously approved the 2025 semi-annual report, confirming its compliance with relevant laws and regulations, and stating that it accurately reflects the company's financial and operational status [2][3] - The board also approved a special report on the management and actual use of raised funds for the first half of 2025, confirming that the funds were stored in special accounts and used as promised [2][3] Group 2 - The board agreed to cancel the supervisory board and amend the company's articles of association, with the supervisory board's powers being transferred to the audit committee [3][4] - The board approved revisions to certain corporate governance-related systems, including the establishment of a management system for the departure of directors and senior management [4] - The board decided to adjust the performance assessment indicators for the 2025 restricted stock incentive plan based on industry development and operational conditions [5] Group 3 - The board approved the proposal to convene the company's first extraordinary general meeting of 2025, scheduled for September 17, 2025 [5]

Group 1 - The core viewpoint of the article is that Ruishun Technology (688090.SH) reported a decline in revenue and a net loss in its mid-year financial results for 2025 [1] Group 2 - The company achieved an operating revenue of 364 million yuan in the first half of 2025, representing a year-on-year decrease of 9.82% [1] - The net profit attributable to shareholders of the parent company was -1.2877 million yuan, compared to a net profit of 2.891 million yuan in the same period last year [1] - The basic earnings per share were -0.01 yuan [1]

证券代码：688090 证券简称：瑞松科技 公告编号：2025-061 广州瑞松智能科技股份有限公司 关于召开2025年第一次临时股东会的通知 2025年第一次临时股东会 （二） 股东会召集人：董事会 （三） 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 9 月 17 日 14 点 00 分 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 网络投票起止时间：自2025 年 9 月 17 日 （六） 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户 ...