证券代码：688557 证券简称：兰剑智能 公告编号：2025-032 兰剑智能科技股份有限公司 关于以集中竞价交易方式首次回购公司股份的公告 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。 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定"上市公司应当在首次回购股份事实发生的次一交 易日予以公告"，现将公司首次回购股份情况公告如下： 2025 年 7 月 28 日，公司通过上海证券交易所系统以集中竞价交易方式首次 回购公司股份 64,366 股，占公司总股本 102,207,980 股的比例为 0.0630%，回 购成交的最低价为 33.09 元/股，最高价为 33.29 元/股，支付金额为 213.36 万元 人民币（不含印花税、交易佣金等交易费用）。 本次回购股份符合法律法规的规定及公司既定的回购股份方案。 三、其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》等相关规定，在回购期限内根据 ...

Core Insights - The report highlights the ongoing support from the Ministry of Agriculture and Rural Affairs for Hainan to enhance agricultural technology innovation and develop tropical agriculture and marine fisheries [2] - The People's Bank of China and the Ministry of Agriculture and Rural Affairs have issued opinions to strengthen financial services for rural reform and promote comprehensive rural revitalization [2] - The report notes the significant growth in the medical insurance sector, with 2.53 billion people participating in maternity insurance and a cumulative expenditure of 4,383 billion yuan by June 2025 [2] - The logistics and supply chain in the clothing sector are evolving with a trend towards multi-format integration, including online and offline retail models [2][5] Company-Specific Insights - New Beiyang has won a bid for the cash handling equipment procurement project for China Construction Bank, indicating its strong market position [6] - Angel Yeast plans to acquire a 55% stake in Shengtong Sugar Industry for 506 million yuan, which will enhance its presence in the sugar industry [6] - Guoke Tiancai has received approval from the Shenzhen Stock Exchange for its application to issue convertible bonds, reflecting its growth strategy [6] - NIO has established a comprehensive network of 1,001 battery swap stations across major highways, addressing user concerns about charging anxiety [6] Industry Insights - The clothing consumption market in China is showing resilience, with a projected retail sales figure of 1,071.62 billion yuan for 2024, and a 1.5% year-on-year growth in online retail sales [2][5] - The report indicates that the smart connected vehicle market is expected to grow significantly, with the wireless communication module market projected to reach 50 billion yuan by 2024, growing at a compound annual growth rate of 21% [12] - The report emphasizes the importance of the automotive sector's transition to international markets, with companies like Ningbo Gaofa planning to establish production bases overseas [8][10]

Economic News - The construction of the Yarlung Zangbo River hydropower project has officially commenced, signaling a strong commitment from the central government to enhance clean energy development and improve local livelihoods while addressing climate change [5][6][8] - The National Energy Administration has noted a generally loose coal supply and demand situation this year, with prices continuing to decline, prompting regulatory measures to stabilize the coal market [1][4] - The Ministry of Commerce has released a list of prohibited and restricted import and export goods for the Hainan Free Trade Port, aiming to facilitate its construction [4] Company Insights - Huadong Medicine's subsidiary has received FDA approval for a new drug application for injectable caspofungin, aligning with the company's strategy for internationalization in the pharmaceutical sector [4] - Jinlong Co. has signed a letter of intent to acquire a 29.3151% stake in Shenzhen Benmao Technology, which reported total assets of 1.978 billion yuan and a net profit of 53.62 million yuan for 2024 [4] - Guizhou Moutai has established a joint venture for a scientific research institute, contributing 490 million yuan in cash and equipment [4] Investment Recommendations - The report highlights several stocks as potential investment opportunities, including China Power Construction, Gotion High-tech, and Yili Group, among others, indicating a focus on companies that are likely to benefit from ongoing infrastructure and energy projects [3][10] - The Yarlung Zangbo River hydropower project is expected to significantly boost demand for construction materials, particularly cement and steel, benefiting local companies in Tibet [9][10] Industry Analysis - The Yarlung Zangbo River hydropower project represents a massive investment of 1.2 trillion yuan, which is projected to have a substantial positive impact on GDP and related industries [8][9] - The construction of this project is anticipated to create significant demand for high-quality products and advanced equipment across various sectors, including hydropower engineering and construction materials [9][10] - The report emphasizes the importance of long-term strategic projects in stabilizing the economy and enhancing domestic demand, particularly in the context of external uncertainties and real estate market challenges [6][7][8]

Group 1 - The report aims to summarize important weekly deep reports, significant commentary, and marginal changes within the macro strategy team of large manufacturing [1] - Core stocks identified by the team include Huada Jiutian, Shanghai Yanpu, Zhejiang Rongtai, and others [1] - The core portfolio consists of companies such as Sany Heavy Industry, XCMG Group, and others, indicating a focus on key players in the manufacturing sector [1] Group 2 - As of July 18, 2025, the best-performing indices in the last week included Communication (+8%), Pharmaceutical Biology (+4%), and Automotive (+3%) [2][13] - The top three indices in the large manufacturing sector were Changjiang Lithium Battery Equipment Index (+5%), Automotive Parts (+4%), and Automotive (+3%) [2][15] - A deep report on Xuguang Electronics highlights its leadership in domestic vacuum devices and growth potential in controllable nuclear fusion and electronic materials [4] Group 3 - The report indicates that the total investment of approximately 1.2 trillion yuan in the Yarlung Zangbo River downstream hydropower project has commenced, driving demand for construction machinery [3] - The defense sector is expected to benefit from military trade leading to strategic reassessment, particularly in regions like the Middle East [3] - The competitive landscape for vacuum arc extinguishing chambers shows a high concentration in the domestic market, with a CR2 of about 60% [5] Group 4 - The report forecasts a revenue CAGR of approximately 35% for the megawatt-level electronic tube segment from 2024 to 2027 [4] - The power equipment business is expected to achieve a revenue CAGR of about 10% during the same period, driven by ongoing investments in the power grid [4] - The military business is projected to benefit from increased defense spending, with precision structural components expected to account for 58% of military revenue in 2024 [5] Group 5 - The report anticipates that the company will achieve revenues of 1.95 billion, 2.39 billion, and 3.03 billion yuan from 2025 to 2027, with a CAGR of 24% [4] - The expected net profit for the same period is projected to be 170 million, 210 million, and 270 million yuan, with a CAGR of 39% [4] - The report highlights the company's strong position in the domestic aluminum nitride materials market, benefiting from domestic substitution trends [5] Group 6 - The report notes that the company has a high market share in the medical information technology sector, covering approximately 60% of tertiary hospitals by the end of 2024 [6] - The expected growth in the domestic medical software industry is projected at a CAGR of 11.5% from 2024 to 2029 [6] - The company is collaborating with major players like Huawei to develop a comprehensive intelligent medical information platform [6]

Economic News - In June, the total electricity consumption in China reached 867 billion kWh, a year-on-year increase of 5.4% [1] - The People's Bank of China announced that the 5-year LPR remains at 3.5% and the 1-year LPR at 3% [1] - The U.S. government is reviewing contracts between SpaceX and federal agencies due to concerns over potential waste in multi-billion dollar deals [1] - The Ministry of Transport reported that several key indicators of the "14th Five-Year Plan" have been completed ahead of schedule, including highway mileage and urban rail transit [1] - E-commerce in China saw a growth of 8.5% in online retail sales from January to June 2025, with significant increases in digital products and home appliances [1] - The Ministry of Industry and Information Technology is set to release a plan to stabilize growth in ten key industries, including steel and non-ferrous metals [1] - The European Investment Bank will launch a financing support plan totaling €4.25 billion for renewable energy and green technology investments in EU countries [1] Company News - Yushutech has begun its IPO counseling process with CITIC Securities as the advisor, aiming to submit its application by October 2025 [4] - Suzhou Goodark has been established in Singapore with an investment of approximately 8 million RMB for electronic materials and solar cell production [4] - Hongxin Technology signed contracts with a leading domestic flying car company for the development and procurement of components, which is expected to positively impact its performance [4] - Rainbowsoft's chairman proposed a cash dividend plan for 2025, suggesting a distribution of no less than 60% of the net profit attributable to shareholders [4] - Changyingtong expects revenue between 173 million to 211 million RMB for the first half of 2025, with a significant increase in net profit due to rising demand for optical fiber devices [4] Retail Industry - In June 2025, the total retail sales of consumer goods grew by 4.8% year-on-year, with a slowdown attributed to the earlier "618" shopping festival and weaker restaurant sales [5][6] - Essential consumption remains stable, while optional categories show a slowdown in recovery, with food and daily necessities performing well [6] - Home appliances and furniture sales saw significant growth, with home appliances up 32.4% and furniture up 28.7% year-on-year, driven by government policies [7] - Online retail sales increased by 8.5% in the first half of 2025, with physical goods online sales growing by 6.0%, indicating a steady growth in online consumption [8] - The retail market is expected to continue its recovery, with a focus on durable goods benefiting from policy support and consumer preferences for high-cost performance products [8]

Group 1 - The third China International Supply Chain Promotion Expo (Chain Expo) was held from July 16 to 20, showcasing 78 participating companies and covering an exhibition area of 2,600 square meters with over 1,000 exhibits [1] - Shandong enterprises displayed innovations in key sectors such as new generation information technology, agricultural equipment, and port logistics, attracting significant audience engagement [1] - Tianzhong Kangyuan Pharmaceutical introduced nutritional supplements at the expo, receiving positive feedback, particularly from the demanding European and American markets, leading to multiple international business negotiations [1] Group 2 - The "One Plate of Goods" strategy was highlighted by Shandong enterprises, emphasizing the construction of an efficient and resilient supply chain ecosystem that integrates production and consumption [2] - This ecosystem aims to break internal business barriers and link global partners, supporting the transition from foreign trade to domestic sales while extending into cultural and enterprise services [2] Group 3 - Lan Jian Intelligent showcased a 4.5-meter high dynamic three-dimensional shelf intelligent system, featuring multiple Spider-Man box robots and T40 picking robots for smart selection of goods [3] - The intelligent warehousing system also supports vertical planting technology and soil-free cultivation, producing pollution-free, additive-free hydroponic vegetables, exemplifying smart agriculture applications [3] - Shandong has leveraged its geographical advantages and comprehensive industrial system to enhance its supply chain resilience and integrate deeply into global supply chains, showcasing the vitality of local enterprises at the expo [3]

Group 1 - The core theme of the third China International Supply Chain Promotion Expo is "Linking the World, Creating the Future," with 651 domestic and foreign enterprises participating, including 78 companies from Shandong showcasing over 1,000 exhibits [2] - Lanjian Intelligent Technology Co., Ltd. is a leading provider of comprehensive smart logistics system solutions and a full-range logistics robot manufacturer, established in 1993 and listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board in 2020 [2] - The company has developed the Spider-Man intelligent storage system, which addresses global warehousing logistics pain points, featuring high flexibility and energy efficiency, with a throughput capacity of 100 to over 1,000 boxes per hour [3] Group 2 - Lanjian Intelligent has customized smart storage systems for major industry players such as Huawei, BYD, Procter & Gamble, and CATL, effectively reducing operational costs and supporting the implementation of unmanned warehouses and dark factories [4] - The company’s R&D investment reached 128 million yuan in 2024, accounting for 10.56% of its revenue, reflecting a 47.31% increase from 2023 [3] - Participation in the expo allows Lanjian Intelligent to showcase its value in the supply chain and engage with global clients to address existing issues in the industry [4]

Core Viewpoint - The article highlights the advancements in robotics, particularly in logistics, with a focus on the company "Lanjian Intelligent" and its innovative solutions showcased at the China International Supply Chain Promotion Expo [1][3]. Group 1: Company Overview - Lanjian Intelligent is recognized as one of the early entrants in the logistics sector, providing comprehensive logistics solutions and actively participating in the exploration of complex application scenarios for robotics [1]. - The company aims to demonstrate China's capabilities in the intelligent warehousing sector to global clients, promoting green logistics and enhancing supply chain efficiency [3]. Group 2: Product Highlights - The "Spider-Man: Sky-shuttle" intelligent warehousing solution was introduced at the expo, designed to improve productivity and enhance the work experience by overcoming adaptability and cost barriers associated with widespread robotic applications [3][6]. - The system offers significant advantages over traditional solutions, achieving a sorting capacity of 100-1000+ boxes per hour and compatibility with various box sizes, allowing for quick installation and maintenance [6]. Group 3: Industry Impact - Lanjian Intelligent's solutions are positioned as crucial components of the supply chain, facilitating seamless integration between material handling and production processes [3]. - The company emphasizes the importance of balancing traditional operations with emerging technologies, utilizing data analytics and IoT to optimize warehouse layouts and improve operational efficiency [6].

Group 1 - The core viewpoint of the news highlights that Zhen Investment has conducted research on a listed company, Lanjian Intelligent, which is experiencing significant growth in overseas markets and has a diverse order base across various industries [1] - Lanjian Intelligent reported a substantial increase in overseas project implementation, with a total project amount reaching 240 million yuan, representing a 281% growth compared to the previous year [1] - The company has established a comprehensive accounts receivable tracking system to address concerns regarding high accounts receivable, implementing a cross-departmental management mechanism to enhance collection efforts [1] Group 2 - Zhen Investment, established in July 2014, has launched over 40 private fund products and has a management scale exceeding 2 billion yuan, with a cumulative management scale surpassing 5 billion yuan [2] - The firm specializes in fixed income investment and aims to provide clients with stable and high-quality wealth management services through its professional investment management capabilities [2]

Investment Rating - The report maintains a "Buy" recommendation for the industry, highlighting the potential for significant growth in the adoption of unmanned forklifts as part of the smart logistics trend [6]. Core Insights - The rise of SLAM natural navigation technology is driving the transition from simple automation to autonomous intelligence in on-site logistics, with unmanned forklifts representing a leading product in this commercial evolution [1][2]. - The penetration rate of unmanned forklifts in traditional forklift markets is currently low at 1.66%, indicating substantial room for growth and replacement opportunities [2][42]. - The industry is characterized by a diverse competitive landscape, with major players including traditional forklift manufacturers and AGV/AMR companies, leading to a relatively fragmented market [2][6]. Summary by Sections 1. Current Development of Unmanned Forklifts - Unmanned forklifts are a fusion of forklift and AGV technologies, evolving from basic automated guided vehicles to more intelligent autonomous mobile robots (AMR) [1][13]. - The industry has a rich history of over 70 years, with significant advancements in navigation technology since 2010 [1][27]. 2. Factors Driving Penetration of Unmanned Forklifts - Economic benefits, technological advancements, and supportive policies are the three main drivers for the rapid increase in the penetration rate of unmanned forklifts [2][50]. - The sales volume of unmanned forklifts in China surged from 300 units in 2015 to 19,500 units in 2023, with a CAGR of 68.51% [2][38]. 3. Competitive Landscape - The competitive landscape features both traditional forklift companies and AGV/AMR firms, with a market concentration that remains relatively low [2][6]. - Key players include Anhui Heli, Hangcha Group, and Zhongli Group among traditional manufacturers, and Hikvision Robotics and Xian Gong Intelligent among AGV/AMR leaders [2][6]. 4. Investment Recommendations - The report suggests focusing on traditional forklift leaders and emerging AGV/AMR companies as potential investment opportunities, given the expected rise in unmanned forklift adoption [6][2].