Industry Overview - The Chinese automated warehouse equipment industry is transitioning from rapid expansion to high-quality development, with a market size projected to reach approximately 43.52 billion yuan in 2024, reflecting a year-on-year growth of 12.52% [1][9] - The fundamental purpose of investing in automated warehouse equipment is shifting from "storing goods" to "optimizing processes," aiming for cost reduction through semi/full automation and intelligence [1][9] - The current trend involves upgrading traditional high-rise warehouses to automated storage and retrieval systems (AS/RS), integrating shuttle cars, AGVs, and WMS systems [1][9] Market Size - The area of automated warehouses in China is expected to reach about 450 million square meters in 2024, with a year-on-year growth of 4.65% [6][7] - The growth in warehouse area directly reflects strong demand in industrial production, e-commerce logistics, and cold chain transportation, leading to increased equipment renovation and system integration needs [7][9] Industry Chain - The upstream of the automated warehouse equipment industry includes raw materials and components such as steel, aluminum alloys, sensors, and PLCs [4] - The midstream involves the manufacturing and system integration of automated warehouse equipment, while the downstream applications span various sectors including e-commerce, pharmaceuticals, and renewable energy [4] Key Companies - Leading companies in the industry include Qingdao Maoyuan, Kunshan Intelligent, and Beizi Technology, which dominate large complex projects due to their strong capital and technical backgrounds [9] - Companies like Jiangsu Liuwi and Hefei Jingsong are recognized for their dynamic market presence, transitioning from equipment manufacturing to solution providers [9] Industry Development Trends 1. The future of automated warehouses will evolve beyond simple "automated storage and retrieval" functions to become "intelligent warehouse brains" with capabilities for perception, decision-making, and execution [11] 2. Market demand is shifting from general scenarios to high-growth niche industries such as new energy vehicles and biomedicine, leading to customized solutions [12] 3. The focus of market competition is shifting from equipment sales to providing comprehensive intelligent warehouse solutions, which will concentrate resources among leading system integrators [13][14]

（文章来源：证券日报） 证券日报网讯 2月11日，井松智能在互动平台回答投资者提问时表示，公司确已中标"西南铝业（集 团）有限责任公司高性能宽幅合金板带生产线项目——高架立体卷材智能库"项目。公司作为总承包 方，将提供从库区整体工艺布局设计、核心仓储设备供应、到全库安装与调试的解决方案。该项目技术 难度高，对卷材的精准存取及系统稳定性有极高要求。该项目是公司在冶金行业打造的又一重要标杆案 例，体现了公司在复杂工业场景下提供智能仓储解决方案的综合技术能力，也是公司持续深耕细分领 域、聚焦行业应用的战略成果。目前，双方正在积极推进合同签署流程。该项目预计将对公司未来业绩 带来积极影响，但具体利润贡献尚存在不确定性，实际财务影响请以公司后续披露的经审计财务报告为 准。 ...

Core Viewpoint - The company is developing its Hefei Phase II factory, which is crucial for its future growth strategy, with production expected to start in the second half of 2026 [1] Group 1: Project Development - The Hefei Phase II factory is part of the "annual production of 10,000 sets of intelligent logistics equipment production line Phase I project" [1] - Construction of the project is progressing as planned [1] Group 2: Capacity and Production - The designed production capacity of the new factory is approximately 1.6 billion [1] - Once fully operational, the combined production capacity of the Hefei Phase I and Phase II factories is expected to reach nearly 3 billion [1] - This increase in capacity will significantly enhance the company's order fulfillment capabilities [1] Group 3: Market Demand - The new factory will provide a solid foundation to meet the growing demand in both domestic and international markets [1]

Group 1 - The company has developed a wheeled humanoid robot prototype, which was showcased at a logistics exhibition in October 2025, demonstrating basic operations such as standing and picking [1] - The company is currently advancing scenario validation and pilot applications with target customers [1]

Core Viewpoint - The company has approved an increase in the cash management limit for idle self-owned funds from RMB 100 million to RMB 400 million, aiming to enhance fund utilization efficiency and maximize shareholder returns [4][10]. Group 1: Basic Information - The company held the 18th meeting of the second board's audit committee and the 21st board meeting on January 16, 2026, where the proposal to increase the cash management limit was approved [2][10]. - The new cash management limit will be effective for 12 months from the date of approval and can be used in a rolling manner [4][10]. Group 2: Investment Purpose and Method - The purpose of the investment is to regulate the use and management of funds, ensuring that it does not affect project construction progress or normal operations while maximizing returns [4]. - The company plans to invest in high-security, liquid financial products, including structured deposits and large certificates of deposit, ensuring that these products are not used for pledging or securities investment purposes [8]. Group 3: Funding Source - The funds for cash management will come from the company's idle self-owned funds, which will not impact normal business operations [7]. Group 4: Risk Control Measures - The company will adhere to relevant regulations and establish a robust approval and execution process for cash management to ensure fund safety [12]. - The finance department will monitor investment products and take necessary measures to mitigate risks [12]. Group 5: Impact on the Company - The cash management of idle self-owned funds is designed to ensure that it does not interfere with the company's main business operations while providing additional investment returns for the company and its shareholders [14].

证券代码：688251 证券简称：井松智能 公告编号：2026-003 合肥井松智能科技股份有限公司 关于增加闲置自有资金现金管理额度的公告 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、准确性和完整性承担法律责任。 重要内容提示： 基本情况 | | 调整后拟使用不超过人民币 40,000 万元（含本数）（或 | | --- | --- | | | 等值外币）的闲置自有资金进行现金管理。有效期自 | | 投资金额 | 合肥井松智能科技股份有限公司（以下简称"公司"） | | | 第二届董事会第二十一次会议审议通过之日起 12 个 | | | 月，在有效期内可循环滚动使用上述额度。 | | | 安全性高、流动性好、满足保本要求的金融产品（包 | | 投资种类 | 括但不限于结构性存款、定期存单、通知存款、大额 | | | 存单、券商收益凭证等）。 | | 资金来源 | 自有资金 | 已履行及拟履行的审议程序 公司于 2026 年 1 月 16 日召开了第二届董事会审计委员会第十八次 会议、第二届董事会第二十一次会议，审议并通过了《关于增加闲置自 有资金现金 ...

Core Viewpoint - Huamao Investment Group Co., Ltd. holds 7,379,775 shares of Hefei Jingsong Intelligent Technology Co., Ltd., accounting for 7.34% of the total share capital, making it a significant shareholder [2] Group 1: Shareholder Information - Huamao Investment is not the controlling shareholder or the largest shareholder of the company, and the share changes will not affect the actual control, governance structure, or operational situation of the company [2][9] - The shares to be sold amount to 6,055,200, representing 6.02% of the total share capital, and the sale will occur through centralized bidding or block trading [3][4] Group 2: Execution Details - The execution of shares is due to a financial loan contract dispute between Huamao Investment and Shengjing Bank, leading to a court-ordered sale of the shares [3] - The shares originated from an initial holding of 4,387,500 shares, with subsequent increases due to capital reserve transfers in 2023 and 2024 [3] Group 3: Compliance and Commitments - Huamao Investment made commitments in June 2021 not to transfer or manage shares within 12 months of the company's stock listing, and the current forced execution does not violate these commitments [7][8]

Core Viewpoint - The announcement details that Huamao Investment Group Co., Ltd. (华贸投资) is subject to judicial enforcement regarding its shares in Hefei Jingsong Intelligent Technology Co., Ltd. (井松智能), which may lead to the forced sale of a significant portion of its holdings [2][3]. Group 1: Shareholder Information - Huamao Investment holds 7,379,775 shares in the company, representing 7.34% of the total share capital [2]. - The court plans to sell 6,055,200 shares, which is 6.02% of the total share capital, through centralized bidding or block trading [2][4]. - Huamao Investment is not the controlling shareholder or the largest shareholder, and this share change will not affect the company's control structure or operational situation [2][6]. Group 2: Execution Details - The shares are being executed due to a financial loan contract dispute between Huamao Investment and Shengjing Bank Co., Ltd. [3]. - The shares originated from 4,387,500 shares prior to the initial public offering, with additional shares from capital reserve increases in 2023 and 2024 [3]. - The execution method will limit the forced sale to a maximum of 1% of the total share capital through centralized bidding and 2% through block trading within any consecutive 90-day period [3][5]. Group 3: Compliance with Previous Commitments - Huamao Investment made commitments on June 15, 2021, not to transfer or manage its shares for 12 months post-IPO, and to comply with relevant regulations regarding share reduction [5]. - The current judicial enforcement does not violate these commitments, and the situation aligns with previously disclosed intentions [5].

证券代码：688251 证券简称：井松智能 公告编号：2026-002 合肥井松智能科技股份有限公司 关于持股 5%以上股东所持股份拟被司法强制 执行的提示性公告 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。 重要内容提示： 1、华贸投资集团有限公司（以下简称"华贸投资"）持有合肥井松智能科 技股份有限公司（以下简称"公司"）股份 7,379,775 股（占公司总股本比例 为 7.34%），为公司 5%以上股东。 2、以股份冻结状态变更为可售冻结之日起为起始日，法院拟以集中竞价或 大宗交易方式卖出被执行人华贸投资持有的证券简称为"井松智能"股份 6,055,200 股，占公司总股本的 6.02%。 3、华贸投资不属于公司的控股股东或第一大股东及其一致行动人，本次股 份变动不会导致公司实际控制权发生变化，不会对公司的治理结构和经营情况 产生影响。敬请广大投资者注意投资风险。 2026 年 1 月 12 日，公司收到天津市第二中级人民法院（以下简称"法院"） 出具的《执行裁定书》（2025）津 02 执 1295 号之一、（ ...

Group 1 - The board of directors and all directors guarantee that the announcement content does not contain any false records, misleading statements, or major omissions, and they bear legal responsibility for the authenticity, accuracy, and completeness of the content [1] - The first extraordinary general meeting of shareholders for the year 2026 was held on January 6, 2026, at the conference room on the second floor, No. 128 Bisheng Road, Xinzhan District, Hefei City [2] - The meeting was convened by the board of directors and chaired by Chairman Yao Zhijian, using a combination of on-site voting and online voting, in compliance with the Company Law, Securities Law, and the company's articles of association [2] Group 2 - All 9 current directors attended the meeting, along with the board secretary and all senior executives, as well as the witnessing lawyer [3] - One of the resolutions discussed was regarding the company's and its subsidiaries' application for a comprehensive credit limit from financial institutions for the year 2026, which was approved by more than half of the voting rights held by shareholders present at the meeting [4] - The lawyer's firm witnessing the meeting was Anhui Tianhe Law Firm, which confirmed that the convening and holding of the meeting, as well as the qualifications of participants and voting procedures, complied with relevant laws and regulations [5][6]