根据市场公开信息及7月11日披露的机构调研信息，知名私募银叶投资近期对1家上市公司进行了调研， 相关名单如下： 1）奥普特 （银叶投资参与公司现场参观&线上会议&券商策略会） 调研纪要：奥普特公司启动产品化战略升级，推动技术成果向标准化、模块化产品转化，强化品牌价值 与市场覆盖能力。2024年成功举办4场生态合作沙龙探讨会，吸引160家企业参与。2025年将进一步扩大 生态布局，计划在国内外多个城市举办系列生态活动。公司通过定制与标准并行、提升产品能力、推进 标准方案和标准产品的销售来提升产品标准化水平。具备工业自动化技术基础，产品涵盖多种相机和传 感器，收购泰莱自动化科技有限公司。开拓海外市场带来新增市场空间，提升技术和产品竞争力，与国 际领先企业对标。2025年度营业收入增长率不低于20%，不包括收购并表所带来的相关主体收入。未来 支撑公司业务持续增长的动力包括机器视觉渗透率提高、客户认知提升、工业I技术迭代、全球化布 局、核心竞争优势。 机构简介： 上海银叶投资有限公司成立于2009年2月，注册资本11800万元，是一家平台型、综合型专业资产管理机 构。公司总部设在上海，并在北京、杭州、深圳等城市设有分 ...

Group 1 - The report highlights optimism for the export of air separation equipment and the development of smart fire safety systems under urban renewal policies, indicating a market space exceeding 100 billion yuan for air separation equipment [3][13][14] - Air separation equipment is crucial for producing industrial gases and is widely used in various industries such as coal chemical, petrochemical, metallurgy, and nuclear power [3][13] - The company Fostar has established a strong brand presence in overseas markets due to its quality certifications, customer resources, project experience, and competitive pricing [14][15][16] Group 2 - Urban renewal policies have been continuously introduced since 2025, focusing on creating livable, resilient, and smart cities, which has led to a significant demand for upgrading fire safety systems in older residential areas [3][17][18] - The report mentions that as of the end of 2024, contracts for urban renewal projects in Beijing have exceeded 50%, indicating a robust market for fire safety equipment upgrades [19] - Qingniao Fire Safety, a leading company in fire alarm systems, is actively exploring the market for upgrading fire safety equipment in existing buildings, focusing on intelligent upgrades and integrated safety solutions [19] Group 3 - The probe station market, a key testing equipment in semiconductor manufacturing, has shown strong growth potential, with a compound annual growth rate (CAGR) of 22.28% from 2013 to 2023 in mainland China [5][14] - The demand for probe stations is closely linked to advancements in semiconductor manufacturing processes and increased production volumes, with domestic leaders like Xidian accelerating the pace of domestic substitution [5][14] - The report indicates that Xidian's market share in China reached 25.7% in 2023, reflecting a strengthening trend towards domestic replacement of imported equipment [5][14]

General Principles - The purpose of the fundraising management measures is to standardize the management and use of funds raised by the company, protect investors' rights, and comply with relevant laws and regulations [1][2] - The company must establish internal control systems for the storage, management, use, and supervision of raised funds, including approval authority and decision-making procedures [2][3] Fund Storage - The company must store raised funds in a dedicated account approved by the board of directors, ensuring that these funds are not mixed with other accounts [3][4] - A tripartite supervision agreement must be signed with the sponsor or independent financial advisor and the commercial bank within one month of the funds being in place [3][4] Fund Usage - Funds raised must be used according to the purposes stated in the prospectus and cannot be changed without proper procedures [5][6] - The company is required to conduct feasibility studies and re-evaluate projects if certain conditions arise, such as significant market changes or delays in project implementation [6][12] Project Changes - Any changes to the use of raised funds must be approved by the board of directors and disclosed to shareholders [12][13] - New projects must align with the company's main business and enhance its competitive and innovative capabilities [12][24] Fund Management and Supervision - The company must disclose the actual use of raised funds accurately and completely, and the board should monitor the management of these funds regularly [27][28] - Independent financial advisors are responsible for ongoing supervision and must report any irregularities [15][30] Use of Excess Funds - Excess funds can be used for permanent working capital and repaying bank loans, subject to shareholder approval [33][34] - The company must provide a clear plan for the use of excess funds, ensuring they are invested in main business projects [39][19]

General Principles - The rules are established to protect the legal rights of shareholders and clarify the responsibilities and powers of the shareholders' meeting in accordance with relevant laws and regulations [1][2] - The company must strictly follow legal and regulatory requirements when convening shareholders' meetings to ensure shareholders can exercise their rights [1][2] - The shareholders' meeting is the company's decision-making body and must operate within the scope defined by laws and the company's articles of association [1][3] Types of Meetings - The company shall hold an annual shareholders' meeting once a year within six months after the end of the previous fiscal year [2] - Temporary shareholders' meetings must be convened within two months of certain events, such as insufficient directors or significant losses [2][3] Meeting Convening - The board of directors is responsible for convening the shareholders' meeting within the stipulated time [6] - Independent directors can propose a temporary shareholders' meeting, and the board must respond within ten days [6][8] Proposals and Notifications - Proposals must fall within the powers of the shareholders' meeting and be clearly defined [13] - The company must notify shareholders of the meeting at least 20 days in advance for annual meetings and 15 days for temporary meetings [15][18] Voting and Resolutions - Voting at the shareholders' meeting is conducted by registered ballot, with ordinary resolutions requiring a simple majority and special resolutions requiring two-thirds majority [34][35] - Related shareholders must abstain from voting on transactions that involve them [38] Meeting Records - The company must maintain accurate records of the meeting, including details of attendees, proposals, and voting results [54][55] - Meeting records must be preserved for at least ten years [55] Amendments and Effectiveness - The rules become effective upon approval by the shareholders' meeting and can be amended similarly [56][57] - Any matters not covered by these rules will be governed by relevant national laws and the company's articles of association [58]

影石创新科技股份有限公司董事会提名委员会议事规则 影石创新科技股份有限公司 第一章 总则 第七条 委员会委员全部为公司董事，其在委员会的任职期限与其董事任职期 限相同，连选可以连任。委员任期届满前，除非出现《公司法》《公司章程》或本 议事规则规定不得任职的情形，不得被无故解除职务。期间如有委员因辞职或其他 原因不再担任公司董事职务，其委员资格自其不再担任董事之时自动丧失。董事会 影石创新科技股份有限公司董事会提名委员会议事规则 第二章 人员构成 第三条 委员会由三名董事组成，其中二分之一以上委员须为公司独立董事。 第四条 委员会委员由董事会提名表决通过。 第五条 委员会设召集人一名，由独立董事担任，由董事会提名表决通过。 第六条 委员会召集人负责召集和主持委员会会议，当委员会召集人不能或无 法履行职责时，由其指定一名其他委员代行其职责；委员会召集人既不履行职责， 也不指定其他委员代行其职责时，任何一名委员均可将有关情况向公司董事会报告， 由公司董事会指定一名委员履行召集人职责。 第一条 为完善影石创新科技股份有限公司（以下简称"公司"或"本公司"） 法人治理结构，规范公司高级管理人员的产生，优化董事会的组成人 ...

Core Viewpoint - The implementation rules for cumulative voting at Ying Shi Innovation Technology Co., Ltd. aim to protect the interests of minority shareholders and improve the corporate governance structure [1]. Group 1: Cumulative Voting System - The cumulative voting system allows shareholders to have voting rights equal to the number of shares they hold multiplied by the number of directors to be elected, enabling them to concentrate or distribute their votes among candidates [1][2]. - The election of independent and non-independent directors will be conducted separately to ensure compliance with the company's articles of association [2]. Group 2: Voting Procedures - Before voting, the meeting host must inform shareholders about the cumulative voting method, and the board must provide suitable ballots [2]. - The calculation of cumulative votes will be based on the total votes cast, and any discrepancies will be verified immediately if contested [2][3]. Group 3: Election Outcomes - A candidate is elected if the cumulative votes in favor exceed the sum of votes against and abstentions [3][4]. - If the number of elected directors is less than required, a second round of voting will occur, and if still unresolved, a new shareholders' meeting will be convened within two months [3][4]. Group 4: Implementation and Amendments - The rules will take effect after being approved by the shareholders' meeting, and any amendments will follow the same procedure [4][5]. - In case of inconsistencies between these rules and relevant laws or the company's articles of association, the latter will prevail [5].

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase of over 15% in stock price compared to the benchmark index within the next 6 to 12 months [3][11]. Core Views - The company is actively expanding into the field of embodied intelligence and AI quality inspection, which are seen as key growth areas. The report highlights the company's efforts in developing a comprehensive system for humanoid robots that integrates perception, decision-making, and execution [4][6]. - The AI quality inspection sector is identified as one of the fastest-growing applications of AI in manufacturing, with the company leading in this area through innovative platforms and technologies [6][8]. - The report adjusts profit forecasts for the company, projecting net profits of 210 million, 265 million, and 327 million yuan for 2025 to 2027, respectively, reflecting a strong growth trajectory [3][8]. Summary by Sections Financial Performance - Revenue projections for the company are as follows: 911 million yuan in 2024, 1,103 million yuan in 2025, 1,331 million yuan in 2026, and 1,595 million yuan in 2027, with growth rates of -3% in 2024 and 21% in subsequent years [3][9]. - The company's net profit is expected to recover significantly, with a forecasted growth rate of 54% in 2025 and 26% in 2026 [3][9]. Business Development - The company is enhancing its product offerings in the humanoid robot sector, focusing on AI, vision, and motion control technologies. This includes the acquisition of Dongguan Tailai to enter the linear motor market [4][5]. - The report emphasizes the importance of AI quality inspection in various industries, particularly in the 3C sector, where the company has established multiple successful case studies [7][8]. Market Trends - The humanoid robot industry is experiencing rapid growth, with increasing demand in industrial, medical, and logistics applications. The report suggests that as technology matures, there will be significant opportunities in the consumer market as well [5][6].

Group 1 - Foreign institutions conducted a total of 4,766 research visits to A-share companies in the first half of 2025, with over 1,000 visits to companies on the Shenzhen Main Board, ChiNext, and STAR Market [2][3] - Huichuan Technology was the most favored A-share company, receiving 485 visits from foreign institutions, followed by Mindray Medical with 299 visits [3] - Point72, a prominent hedge fund, led the research visits with 116 in the first half of 2025, focusing on 84 companies including Huichuan Technology, Xiaogoods City, and Aopute [3] Group 2 - Multiple foreign institutions hold an optimistic view on the performance of A-shares in the second half of 2025, citing strong market resilience and increased confidence in Chinese assets [3][4] - Morgan Stanley Fund believes that the current external environment does not pose substantial pressure on A-shares, viewing short-term disturbances as manageable [4] - Invesco's CIO for mainland China and Hong Kong anticipates the continuation and expansion of the "old for new" consumption policy, which is expected to drive economic growth in the coming months [4]

近日，2025RoBoLeague中国机器人足球联赛（以下简称"机超"）在北京亦庄打响。 作为国内首个机器人足球3V3 AI赛，同时也是2025世界人形机器人运动会首场测试赛， 此次"机超"最大 的 亮点是参赛机 器人无需遥控器控制，完全依靠AI策略自主运行 。 人形机器人能够不依赖遥控器控制而自主运行，这离不开 视觉传感器 的辅助。 视觉传感器是人形机器人 进行环境感知、实现自主决策与交互 的关键技术之一。在视觉系统的帮助下，人形 机器人得以感知环境并进行建构、识别目标并进行追踪，进而与物体进行交互。 作为人形机器人的核心零部件之一，视觉传感器中的 3D视觉传感器 与人形机器人最为适配，是人形机器人主 流视觉解决方案。它主要包括 激光雷达、多目立体视觉、结构光和飞行时间法（ToF） 等技术路线。在这些 技术的融合与支持下，人形机器人仿佛拥有了"眼睛"。 本文盘点了部分涉及人形机器人视觉技术的企业。 ▍奥比中光 奥比中光成立于2013年，主营业务是3D视觉感知产品的设计、研发、生产和销售，主要产品包括3D视觉传感 器、消费级应用设备和工业级应用设备。 自成立以来，奥比中光凭借出色的产品研发能力、百万级的产品量 ...

Group 1 - The stock of Optoelectronics (688686) has a comprehensive score of 60.30, indicating a strong performance [1] - The main cost analysis shows that the current main cost is 94.34 yuan, with a 5-day main cost of 94.93 yuan, a 20-day main cost of 91.43 yuan, and a 60-day main cost of 86.36 yuan [1] - In the past year, the stock has not experienced any limit-up or limit-down events [1] Group 2 - The technical analysis indicates a short-term resistance level at 97.28 yuan and a short-term support level at 94.62 yuan [2] - The stock price has broken below the short-term support level, suggesting a cautious approach in the short term, while the mid-term trend remains unclear [2] - The K-line pattern shows a bullish signal at the bottom, indicating potential upward movement [2] Group 3 - On July 2, 2025, the net outflow of main funds was 607,000 yuan, accounting for -1% of the total transaction amount [2] - The data shows a net outflow of 1,019,300 yuan from super large orders, while large orders saw a net inflow of 412,300 yuan, and retail investors had a net inflow of 487,900 yuan [2] - Related industry sectors such as instrumentation, machine vision, and Apple concept stocks experienced declines of -0.45%, -1.11%, and -1.52% respectively [2]