Group 1 - The company Jiangsu Beiren (688218.SH) reported a revenue of 206 million yuan for the first half of 2025, representing a year-on-year decrease of 28.25% [1] - The company incurred a net loss attributable to shareholders of 23.72 million yuan during the reporting period [1] - The company's net profit excluding non-recurring items was a loss of 25.46 million yuan, with a basic earnings per share of -0.20 yuan [1]

Group 1 - The company announced the approval of the "2025 Semi-Annual Report and its Summary" and the "Mid-Year Evaluation Report of the 2025 'Quality Improvement and Efficiency Enhancement' Action Plan" during the eighth meeting of the fourth board of directors [2]

证券代码：688218 证券简称：江苏北人 公告编号：2025-030 江苏北人智能制造科技股份有限公司 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 江苏北人智能制造科技股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日在公司会议室以现场结合通讯方式召开了第四届董事会第八次会议。本次 会议的通知已于 2025 年 8 月 18 日以电子邮件等方式送达全体董事。本次会议 由公司董事长朱振友先生召集并主持，会议应出席董事 6 名，实际出席董事 6 名，本次会议的召集和召开程序符合有关法律、行政法规、部门规章、规范性文 件和《公司章程》的规定，会议决议合法、有效。 表决情况：同意 6 票，反对 0 票，弃权 0 票。 本议案已经公司第四届审计委员会第五次会议审议通过。 本 议 案 所 述 具 体 内 容 详 见 公 司 同 日 刊 登 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）的《2025 年半年度报告》《2025 年半年度报告 ...

Financial Performance - Jiangsu Beiren reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2025, representing a 15% year-over-year growth[12]. - The company's revenue for the first half of 2025 was CNY 206.23 million, a decrease of 28.25% compared to the same period last year[19]. - The total profit for the first half of 2025 was a loss of CNY 40.22 million, down 280.71% year-on-year[19]. - The net profit attributable to shareholders was a loss of CNY 23.72 million, a decline of 234.24% compared to the previous year[19]. - The company's operating revenue decreased by 28.25% to ¥206,233,206.78 compared to ¥287,413,988.12 in the previous year[110]. - Operating costs also fell by 23.89% to ¥168,427,271.42 from ¥221,296,350.16 year-on-year[110]. - The company reported a net loss of CNY 37,729,972.75 for the first half of 2025, compared to a net profit of CNY 18,982,097.86 in the same period of 2024[186]. - The company's total assets increased to CNY 1,781,158,406.55, up from CNY 1,668,248,221.85, representing a growth of 6.8%[182]. - Total liabilities rose to CNY 818,466,932.53, compared to CNY 681,899,804.47, indicating an increase of 20.0%[183]. - The company's total equity decreased to CNY 962,691,474.02 from CNY 986,348,417.38, reflecting a decline of 2.4%[183]. Research and Development - Research and development efforts have led to the introduction of two new robotic systems, expected to enhance production efficiency by 25%[12]. - The company's R&D expenditure accounted for 9.58% of revenue, an increase of 3.08 percentage points year-on-year[21]. - The company has a strong focus on R&D, with a professional team led by experts with over 20 years of experience in the welding robot field, ensuring continuous innovation and technical advancement[71]. - The company has achieved standardization, modularization, and automation in the production of battery box assembly lines, completing multiple designs and deliveries efficiently[72]. - The company is actively engaged in the research and development of intelligent welding equipment and production lines, applying these technologies in aerospace, military, and heavy industries[34]. - The company is developing an embodied intelligent welding robot system to address the challenges of automation and flexibility in small-batch production scenarios, with the first generation of products already in small-scale production and customer delivery[59]. - The company has increased R&D investment for product iteration and is testing the second generation of products, including software for multi-layer welding scenarios in industries like shipbuilding and heavy steel[60]. - The company has made significant advancements in core technologies, including flexible lean automation line design, advanced manufacturing process integration, and production process intelligence[75]. Market Expansion and Strategy - Future outlook indicates a projected revenue growth of 10% for the second half of 2025, driven by new product launches and market expansion strategies[12]. - Jiangsu Beiren plans to enter the Southeast Asian market by the end of 2025, targeting a market share of 5% within the first year[12]. - The company is focusing on expanding its overseas business and increasing R&D investment despite the challenges in the commercial energy storage sector[22]. - The company is actively expanding its overseas market presence, but faces risks related to political and economic conditions in those regions[107]. - The company is expanding its market presence beyond the Yangtze River Delta region to mitigate risks associated with market concentration[97]. Governance and Compliance - The company has reported no non-operational fund occupation by controlling shareholders, ensuring financial integrity[6]. - Jiangsu Beiren's board has confirmed that there are no significant governance issues affecting the accuracy of the financial report[6]. - The half-year report has not been audited, but management has assured the completeness and accuracy of the financial data presented[4]. - The company has committed to avoiding related party transactions unless unavoidable, ensuring fair and reasonable terms[145]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[146]. - The company guarantees that its IPO prospectus does not contain any false statements or major omissions, and will repurchase all shares if any such issues are identified by authorities[138]. Shareholder and Equity Information - The total number of ordinary shareholders as of the end of the reporting period was 9,661[166]. - The top shareholder, Luo Bin, held 2,770,322 shares through a credit securities account[167]. - The largest shareholder, Zhu Zhenyou, holds 21,663,123 shares, representing 18.27% of the total shares[170]. - The top ten shareholders include individuals and institutions, with the total shares held by the top ten unrestricted shareholders amounting to 34,805,000 shares[171]. - The company has a repurchase account holding 2,126,387 shares, indicating active share buyback strategies[171]. - The company has not issued any convertible bonds or other debt financing tools during the reporting period[175]. Cash Flow and Investment Activities - The net cash flow from operating activities was a negative CNY 36.02 million, an improvement of 54.04% from the previous year's negative CNY 78.36 million[22]. - The company reported a significant increase in cash received from investment recoveries, amounting to 811,092,325.00 RMB in the first half of 2025, compared to 431,531,484.13 RMB in the first half of 2024[195]. - The company’s cash outflow for purchasing goods and services increased to 183,427,145.99 RMB in the first half of 2025, compared to 157,737,652.33 RMB in the first half of 2024[195]. - The company has invested a total of 6,500 million RMB in private equity funds, with 300 million RMB invested during the reporting period[119]. - The company has invested in 28 projects primarily in the chip and semiconductor sectors, resulting in a profit impact of -284.16 million RMB[119]. Risks and Challenges - The company faces risks from raw material price fluctuations, which could significantly impact its operational performance[95]. - The company faces risks in its energy storage business due to intensified market competition and potential policy changes affecting pricing structures[105]. - The company is adjusting its commercial energy storage business strategy to focus on risk control, scaling back operations, and not adding new energy storage assets[62]. - The company has established stable strategic partnerships in the new energy vehicle sector, providing competitive intelligent manufacturing production lines[28]. Future Plans and Commitments - The company plans to accelerate the development of its main business and improve operational efficiency to enhance future earnings and investor returns[140]. - The company plans to distribute profits through cash dividends, stock dividends, or a combination, with cash dividends being prioritized[12]. - Cash dividends will be at least 80% of distributable profits if the company is in a mature stage without major capital expenditures[12]. - The company will link the compensation system of the board or remuneration committee to the execution of measures to offset the dilution of immediate returns[142].

为落实以投资者为本的理念，推动上市公司持续优化经营、规范治理和积极 回报投资者，大力提高上市公司质量，助力信心提振、资本市场稳定和经济高质 量发展，江苏北人智能制造科技股份有限公司（以下简称"公司"）开展"提质增效 重回报"专项行动，编制并于 2025 年 4 月 30 日在上海证券交易所网站上披露了 《2025 年度"提质增效重回报"行动方案》（以下简称"行动方案"）。2025 年上 半年，公司严格落实行动方案，积极开展和落实各项工作，现将行动方案半年度 评估情况公告如下： 一、专注公司主业，提高经营质量，强化核心竞争力 公司长期围绕机器人、机器视觉、工业软件和智能制造领域的研发、设计、 制造和销售，重点深耕汽车行业，为客户提供智能化工厂从 0-1 建设的专业服务， 包括：数字化咨询、机器人智能化自动化系统集成整体解决方案、数字化软件、 智能物流系统等。主要产品涉及基于工业机器人的新能源汽车部件智能制造生产 线、柔性自动化焊接生产线、柔性自动化装配生产线、智能化焊接系统、激光加 工装备、自动化抛光打磨装备、生产管理信息化系统、数字化车间、具身智能焊 接机器人系统的研发、设计、生产、装配及销售，提供集"产品+ ...

证券代码：688218 证券简称：江苏北人 公告编号：2025-032 江苏北人智能制造科技股份有限公司 关于计提资产减值准备的公告 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。 一、计提资产减值准备情况概述 根据《企业会计准则》等相关规定，为客观、公允地反映江苏北人智能制造科 技股份有限公司（简称"公司"）财务状况和资产价值，基于谨慎性原则，公司对 2025 年半年度公司及下属子公司的资产进行了减值测试，对可能发生资产减值损 失的相关资产计提减值准备。2025 年半年度公司计提各类信用及资产减值准备共 计 3,099.60 万元，具体情况如下表： 本公司采用预期信用损失模型对以摊余成本计量的金融资产的减值进行评估， 包括应收票据、应收账款、其他应收款等。在资产负债表日，按应收取的合同现金 流量与预期收取的现金流量之间的差额的现值计量上述项目的信用损失。公司考虑 了合理且有依据的信息，包括前瞻性信息，以单项或组合的方式对应收票据、应收 账款及其他应收款等的预期信用损失进行测试及估计。经测试，2025 年半年度需 计提信用减值 ...

Core Viewpoint - The A-share market is witnessing a significant increase in the number of companies reporting substantial profit growth in their 2025 semi-annual reports, with over 30 companies showing a year-on-year doubling of net profits, and some even experiencing profit increases exceeding 100 times [1][6]. Group 1: Profit Doubling - More than 30 companies reported a year-on-year doubling of net profits in their 2025 semi-annual reports [6]. - Honghe Technology reported a net profit of 87.38 million yuan, a staggering increase of over 10,587.74% compared to the previous year, with revenue reaching approximately 550 million yuan, a 35% increase [3]. - *ST Kaixin achieved a net profit of 31.65 million yuan, marking a 2,465.61% increase, with revenue of about 128 million yuan, up 204.86% [4]. - Tianchen Co. reported a net profit of 18.95 million yuan, a 646.67% increase, with total revenue of 175 million yuan, a 76.79% increase [4][5]. Group 2: Profit Turnaround - Several companies reported a turnaround from losses to profits in their 2025 semi-annual reports [7]. - Zhongyou Technology achieved a net profit of 695 million yuan, turning around from a loss, with revenue of 434 million yuan, a 12.07% increase [8]. - China Steel Luoyang reported a net profit of 32.62 million yuan, recovering from a loss of approximately 5.56 million yuan in the previous year, despite a 10.49% decline in revenue to 1.011 billion yuan [8].

Group 1 - The National Robot Industry Index (980022) has seen a strong increase of 2.77%, with component stocks such as Keda Intelligent (300222) hitting the daily limit up, Jiangsu Beiren (688218) rising by 8.39%, and Stone Technology (688169) increasing by 5.70% [1] - The index reflects the price changes of listed companies in the robot industry on the Shanghai and Shenzhen stock exchanges, consisting of 50 component stocks, with a high focus on humanoid robots and leading companies in high growth, where the top ten weighted stocks account for about 40% [1] - The State Council has issued an opinion on the implementation of the "Artificial Intelligence +" initiative, emphasizing six key actions to promote the deep integration of artificial intelligence with various sectors of the economy and society [1][2] Group 2 - The report from CITIC Securities highlights that the "Artificial Intelligence +" initiative aims for a penetration rate of over 90% for new generation intelligent terminals and intelligent agents by 2030, indicating significant support for embodied intelligent robots as a new generation of intelligent terminal products [2] - The initiative is expected to facilitate the development of technology, supporting infrastructure, and regulatory frameworks, propelling the industry into a phase of high-quality development [2]

Market Overview - On August 25, the Shanghai Composite Index rose by 1.51% to 3883 points, marking a ten-year high, with a total trading volume of 3.18 trillion yuan, indicating accelerated inflow of new capital [1] - The Huaxia Sci-Tech AI ETF (589010) increased by 3.56%, initially surging over 13% before stabilizing at high levels, with notable stocks like Aerospace Hongtu hitting a 20% limit up [1] - The Robot ETF (562500) closed up 1.59%, showing resilience with a strong end-of-day rally, while key holdings like Yuntian Lifei and Jiangsu Beiren saw significant gains [1] Key Developments in AI Sector - Nvidia announced the launch of its Jetson AGX Thor robot chip module, set to ship next month, with a starting price of $3,499, available to global customers including China [2] - Huawei is set to release a new AI SSD on August 27, aiming to address capacity limitations in traditional HBM and enhance AI training and inference capabilities [2] - Malaysia's SkyeChip introduced its first AI processor, MARS1000, marking a significant step for the country's semiconductor industry [2] Institutional Insights - Tianfeng Securities highlighted the positive trend in China's AI sector, noting advancements in domestic model capabilities and the acceleration of AI commercialization in Hong Kong stocks, reinforcing long-term investment opportunities in the AI sector [3] Popular ETFs - The Robot ETF (562500) is recognized as the only ETF in the market with over 100 billion yuan in scale, providing comprehensive coverage of the Chinese robotics industry [4] - The Huaxia Sci-Tech AI ETF (589010) is positioned to capture the "singularity moment" in the AI industry with its 20% price fluctuation and flexibility in small and mid-cap stocks [4]

Group 1: ETF Performance - The liquidity of the Robot ETF managed by Jiashi has a turnover rate of 9.41%, with a transaction volume of 53.78 million yuan [3] - As of August 22, the Robot ETF has seen a net value increase of 83.61% over the past year, ranking 341 out of 2971 index equity funds, placing it in the top 11.48% [3] - Since its inception, the Robot ETF has recorded a highest single-month return of 25.78%, with the longest consecutive monthly gains being 3 months and a maximum increase of 37.12%, averaging a monthly return of 8.93% during rising months [3] Group 2: Top Holdings - As of July 31, 2025, the top ten weighted stocks in the CSI Robot Index include Keda Xunfei, Huichuan Technology, Stone Technology, Dahua Technology, Zhongkong Technology, Dazhu Laser, Shuanghuan Transmission, Robot, Ecovacs, and Julun Intelligent, collectively accounting for 48.86% of the index [3] Group 3: Industry Catalysts - Recent developments in humanoid robots include Nvidia's upcoming release of the "Robot New Brain" product on August 25, in collaboration with Foxconn to create humanoid robots, with a planned launch in November [5] - Zhiyuan Robotics has introduced the Lingchuang platform, significantly reducing the difficulty of motion choreography, while Boston Dynamics' humanoid robots have begun to operate autonomously [5] - TianTai Robotics has signed a global order for 10,000 embodied intelligent humanoid robots, scheduled for delivery by the end of 2026, targeting home care [5] - Tesla's Gen3 is expected to be finalized between October and November, with a shareholder meeting likely to showcase it, aiming for orders in Q4 2025 and mass production in early 2026, with a target of 1 million units by 2030 [5] Group 4: Market Outlook - The institution believes that 2025-2026 will be a year of mass production for both domestic and international markets, expressing a positive outlook on the humanoid sector, particularly on the supply chain of T-chain suppliers and leading humanoid core suppliers [6]