证券代码：688557 证券简称：兰剑智能 公告编号：2025-020 兰剑智能科技股份有限公司 关于 2025 年度"提质增效重回报"行动方案的公告 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。 兰剑智能科技股份有限公司（以下简称"公司"或"兰剑智能"）为积极践 行"以投资者为本"的上市公司发展理念，响应上海证券交易所《关于开展沪市 公司"提质增效重回报"专项行动的倡议》，推动公司高质量发展和投资价值提 升，保护投资者尤其是中小投资者合法权益，基于对公司未来发展前景的信心及 价值的认可，公司结合自身发展战略和经营情况，特制定了《兰剑智能科技股份 有限公司 2025 年度"提质增效重回报"行动方案》。该方案已经公司第五届董 事会第七次会议审议通过，具体内容如下： 一、聚焦主营业务，提升经营质量 兰剑智能是一家机器人智慧物流系统解决方案提供商，业务遍布欧洲、东南 亚、非洲、南美洲、北美洲等多个国家地区，在保持烟草、医药、国内电商等传 统行业优势地位的同时，公司产品进入新能源、汽车、航空航天、通信设备、跨 境电商、石油化工、 ...

Core Viewpoint - The company plans to repurchase a portion of its issued A-shares using its own funds, with a total repurchase amount between RMB 10 million and RMB 20 million, to be used for employee stock ownership plans or equity incentives in the future [1] Group 1 - The controlling shareholder and chairman, Wu Yaohua, proposed the share repurchase plan [1] - The repurchase will be conducted through the Shanghai Stock Exchange's trading system via centralized bidding [1] - The repurchase period is set for 12 months from the date the board approves the plan [1]

Summary of Key Points from Conference Call Industry Overview - The logistics robot industry is gaining significant attention, particularly with the integration of humanoid robots and smart logistics equipment. Goldman Sachs emphasizes that the combination of general intelligence and practical applications is crucial for scaling up [1][3]. - The logistics robots play a critical role in smart logistics systems, particularly in warehousing AGVs, which are widely used in e-commerce warehouses and sorting centers to enhance logistics efficiency and reduce costs [1][5]. Core Insights and Arguments - Recent strategic collaboration between DHL and Boston Dynamics to deploy over 1,000 robots has heightened market interest in logistics automation and robots [2]. - Goldman Sachs' report highlights that humanoid robots must integrate general intelligence with practical applications for scalability. Lan Jian Intelligent signed new orders worth 1.537 billion yuan, a 40% year-on-year increase, with a backlog of nearly 1.3 billion yuan, reflecting a 20% increase [3][10]. - Lan Jian Intelligent has strong product development and market expansion capabilities, continuously launching new products that incorporate visual and algorithm technologies, which positions the company for sustained double-digit growth in the coming years [3][12]. Competitive Landscape - The logistics robot market is highly competitive, with major domestic players including Tian Tian International and Noli Co., and international giants like Daifuku and Dematic. However, logistics robots represent a small portion of their overall business [6][7]. - Domestic companies often bind themselves to specific industries, and technological iteration is key to meeting customer demands for cost reduction and efficiency [7]. Company-Specific Insights - Lan Jian Intelligent is one of the few domestic companies with self-research and production capabilities in the smart logistics system sector, offering a complete solution that includes various types of robots and proprietary software [8]. - The company experienced stable performance last year, but increased R&D and sales expenses impacted profits. Future expense levels are expected to stabilize, potentially leading to profit release [9][11]. - The company’s order situation is robust, with a significant increase in new orders and a favorable outlook for the current year, indicating a strong market position [10][11]. Future Outlook - The logistics robot industry is expected to continue its growth trajectory, with a positive outlook for companies with solid fundamentals. Lan Jian Intelligent is anticipated to maintain a strong performance due to its diverse industry coverage and technological advancements [13][14].

Group 1 - The core viewpoint of the news is the introduction of policies aimed at enhancing the financial support for technological innovation in China, which is expected to address the financial challenges faced by major technological tasks and small and medium-sized tech enterprises [2] - The policies will simultaneously target both the supply and demand sides to promote a "dual approach" between technology and finance, ultimately establishing a long-term investment mechanism for financial support of technological innovation [2] - The capital market's response to these policies indicates that the construction of a technology finance mechanism aims to fundamentally resolve existing pain points in technology development, thereby increasing the attractiveness of sci-tech stocks to long-term capital [2] Group 2 - As of May 22, 2025, the Shanghai Stock Exchange Sci-Tech Innovation Board Composite Index (000680) has shown a slight increase of 0.24%, with notable gains from constituent stocks such as Lanjian Intelligent (688557) up 15.06% and Aikesaibo (688719) up 9.03% [1] - The Huaxia Sci-Tech Innovation Index ETF (589000) closely tracks the performance of the Sci-Tech Innovation Board Composite Index, reflecting the overall performance of eligible listed companies on the board, including dividend income [2][3] - The top ten weighted stocks in the Sci-Tech Innovation Board Composite Index account for 23.41% of the index, indicating a concentration of investment in these key companies [3]

Group 1 - The core viewpoint of the article highlights the strong performance of robotics concept stocks, with companies like Lanjian Intelligent and Dongtu Technology both rising over 10% [1] - Other companies such as Huayan Precision Machinery, Dongbei Group, Jingzhida, and Saimo Intelligent also saw increases of over 5% [1] - The upcoming CMG World Robot Competition series, specifically the mech combat arena scheduled for May 25 in Hangzhou, is a significant event contributing to this market movement [1] Group 2 - Yushu Technology is participating in the competition as a partner, indicating collaboration within the industry [1]

Investment Rating - The report gives an "Overweight" rating for the logistics automation and robotics industry, indicating that it is expected to outperform the overall market [3][10]. Core Insights - The logistics automation application space is extensive, covering various sectors such as factory logistics, commercial distribution, and consumer logistics. It can be categorized by application scenarios, functions, and industry chain segments [4]. - The core driving force behind the adoption of robotics and unmanned vehicles in logistics is to enhance operational efficiency and reduce labor costs. For instance, leading express delivery companies like SF Express have deployed numerous robots in their operations, indicating significant future potential [4]. - The report highlights that there is still a vast space for logistics automation and robotics, as many manual processes remain in logistics scenarios. Technological advancements in AI, sensors, and control systems are enabling the deployment of humanoid and wheeled robots, as well as drones [4]. Summary by Relevant Sections Application Areas - Logistics automation encompasses factory logistics, commercial distribution, and consumer logistics, with functionalities including automated warehousing, transportation, sorting, and control [4]. Market Dynamics - The logistics sector is experiencing a structural change with an increasing share of automated equipment, particularly robots and unmanned vehicles, despite the overall capital expenditure peak having passed [4]. Key Companies and Their Focus - Key companies in the logistics automation sector include: 1. Dematic Technology: Focuses on logistics automation components and systems solutions [4]. 2. Lanjian Intelligent: Concentrates on industrial robotics and warehouse automation [4]. 3. Zhongyou Technology: Develops intelligent sorting systems and relies on postal group resources for unmanned delivery [4]. 4. Jintian International: Provides comprehensive solutions for smart logistics and manufacturing systems [4]. 5. Zhongke Weizhi: Engages in intelligent logistics sorting systems with clients like Zhongtong and SF Express [4]. 6. Yinfeng Storage: Develops intelligent logistics robots and high-precision shelving equipment [4]. 7. Kunshan Intelligent: Covers intelligent logistics systems and equipment in the tobacco industry [4]. 8. Anhui Heli: A leading forklift company also venturing into logistics robotics [4]. 9. Hangcha Group: Offers a range of products including forklifts and automated guided vehicles [4]. Financial Metrics - The report includes a valuation table for key companies, showing metrics such as EPS and PE ratios for the years 2024 to 2027, indicating growth expectations for several companies in the sector [5].

Core Viewpoint - The company, Lanjian Intelligent Technology Co., Ltd., has received an inquiry letter regarding its 2024 annual report disclosure, prompting a detailed response about its revenue recognition and business performance. Group 1: Revenue and Business Performance - In 2024, the company's main business segments include intelligent warehousing logistics automation systems, operational services, and others, with total revenue reaching 1.206 billion yuan, a 23.75% increase from 2023 [2][3] - The revenue from the intelligent logistics system was 1.122 billion yuan, marking a 25.77% increase from 2023, driven by demand across various industries including tobacco, pharmaceuticals, and e-commerce [4][6] - The operational service revenue decreased slightly by 3.25% to 38.80 million yuan, while technical consulting services saw a significant increase of 2103.47% to 837,700 yuan [3][4] Group 2: Market Trends and Competitive Analysis - The growth in revenue is attributed to favorable government policies promoting smart manufacturing and rising demand for automation due to increasing land and labor costs [5][6] - Compared to industry peers, Lanjian's revenue growth rate of 23.80% stands out, while competitors like Jintian International and Yinfeng Storage experienced declines [6][7] - The company has established a competitive edge through innovation in logistics technology and a comprehensive service capability that meets diverse customer needs [5][6] Group 3: Revenue Recognition Policies - The company recognizes revenue based on initial acceptance reports, with 97.14% of the intelligent logistics system revenue confirmed this way, aligning with industry practices and accounting standards [9][12] - The revenue recognition policy has remained consistent since the IPO, with no adverse conditions affecting the transition from initial to final acceptance [12][15] - The operational service revenue is recognized upon confirmation of monthly service fees based on performance metrics, ensuring compliance with accounting standards [19][21] Group 4: Customer and Supplier Dynamics - The company has seen changes in its top five customers and suppliers, with new entrants like BYD and Hikvision, reflecting shifts in procurement needs and market dynamics [21][22] - The operational model involves significant investments in automation systems, which impacts cash flow and limits the ability to undertake multiple projects simultaneously [19][24] - The company maintains a cautious approach to revenue recognition from major clients, ensuring that all sales are terminal sales and that income is recognized accurately [22][23]

Core Viewpoint - The company, Lanjian Intelligent Technology Co., Ltd., reported significant revenue growth in 2024, primarily driven by its core business of robotic smart logistics systems, which generated revenue of 1.122 billion yuan, reflecting a growth rate of 25.77% compared to the previous year [2][4][5]. Revenue Breakdown - The company's revenue for 2024 was composed of four main categories: - Robotic smart logistics systems: 1,122.36 million yuan, up from 892.40 million yuan in 2023, a growth of 229.96 million yuan [3][4]. - Outsourcing services: 38.80 million yuan, down from 40.11 million yuan, a decrease of 1.31 million yuan [3][4]. - After-sales maintenance services: 44.29 million yuan, up from 42.20 million yuan, an increase of 2.09 million yuan [3][4]. - Technical consulting and planning services: 0.84 million yuan, a significant increase of 79.97 million yuan [3][4]. Factors Contributing to Revenue Growth - The growth in revenue from robotic smart logistics systems can be attributed to several factors: - Expansion of product application areas into industries such as new energy, automotive, aerospace, and cross-border e-commerce, in addition to traditional sectors like tobacco and pharmaceuticals [4][5]. - Increased demand from downstream customers due to government policies promoting smart manufacturing and logistics [4][5]. - Growth in significant order amounts from major clients, with the top five clients contributing a total of 512.82 million yuan in sales [4][5]. Comparison with Industry Peers - The revenue growth trend of Lanjian Intelligent differs from that of comparable companies in the logistics system sector, where some companies like Jintian International and Yinfeng Storage experienced declines in revenue [5][6]. - Lanjian's revenue growth is attributed to its rapid development phase and successful market expansion strategies, while peers faced challenges due to macroeconomic fluctuations and project delays [5][6]. Revenue Recognition Policies - The company confirmed revenue based on initial acceptance reports, with 97.14% of the revenue from robotic smart logistics systems recognized this way, aligning with industry practices and accounting standards [8][22]. - The revenue recognition policy has remained consistent since the company's IPO, with no adverse effects on revenue recognition or collection rights identified [8][22]. Outsourcing Business Model - The outsourcing business involves constructing automated warehousing systems, with revenue recognized based on monthly service fees confirmed through reconciliations with clients [20][21]. - The company has renewed contracts with major clients for continued outsourcing services, ensuring stable cash flow [21][27].

上海证券交易所： 致同会计师事务所（特殊普通合伙）（以下简称"我们"）接受委托对兰剑智 能科技股份有限公司（以下简称"公司"或"兰剑智能公司"）2024 年财务报表，包 括 2024 年 12 月 31 日的合并及公司资产负债表，2024 年度的合并及公司利润表、 合并及公司现金流量表、合并及公司股东权益变动表以及相关财务报表附注进行 审计，并于 2025 年 3 月 27 日出具了致同审字（2025）第 371A005425 号的无保留 意见审计报告。 关于兰剑智能科技股份有限公司 2024 年年报问询函的回复 致同会计师事务所（特殊普通合伙） 致同会计师事务所（特殊普通合伙） 中国北京朝阳区建国门外大街 22 号 赛特广场 5 层邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.grantthornton.cn 关于兰剑智能科技股份有限公司 2024 年年报问询函的回复 致同专字（2025）第 371A013925 号 我们于近日收到了兰剑智能公司转来的贵所出具的《关于兰剑智能科技股 份有限公司 2024 年年度报告的信息披露监管问询函》（上证科创 ...

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。 兰剑智能科技股份有限公司（以下简称"公司"或"兰剑智能")近日收到上 海证券交易所科创板公司管理部下发的上证科创公函【2025】0058 号《关于兰剑 智能科技股份有限公司 2024 年年度报告的信息披露监管问询函）》（以下简称"《问 询函》"），公司会同年审会计师致同会计师事务所（特殊普通合伙）（以下简 称"会计师"）就《问询函》有关问题逐项进行认真核查落实，现将有关问题回 复如下： 问题 1.主营业务及收入确认。 2024 年年报显示，公司共实现营业收入 12.08 亿元，同比增长 23.8%。分产 品看，主营业务包括机器人智慧物流系统、代运营及其他业务；2023 年，公司主 营业务为智能仓储物流自动化系统、代运营及其他业务。2024 年，公司机器人智 慧物流系统共实现营业收入 11.22 亿元，按照客户取得初验报告或一次性验收报 告时确认收入；代运营业务共实现营业收入 3,880.31 万元,在收到经客户确认的 代运营对账单时确认收入。 请公司:(1)结合产品应用领域、 ...