Core Viewpoint - Zhongkong Technology has over 30 years of experience in the process industry, focusing on providing independent and controllable technologies and solutions across various key sectors [1] Group 1: Company Overview - Zhongkong Technology covers a wide range of industries including chemical, petrochemical, oil and gas, energy and power, pharmaceutical and food, and metallurgy [1] - The company emphasizes the importance of publicly disclosed information for specific business situations [1]

Core Viewpoint - The company aims to enhance its technological strength and market competitiveness through strategic mergers and acquisitions, particularly in the industrial AI sector [1] Group 1: Investment and Mergers - Since its listing, the company has actively pursued investments and mergers, focusing on acquiring domestic and international firms with innovative capabilities and technological advantages [1] - The company has completed several significant investments and acquisitions, including top engineering design firm Wood China, leading high-end analytical instrument company Hobré from the Netherlands, and digital sector leaders like DMS and Peimoco [1] - Future plans include deepening industry chain integration and accelerating the transition to new productive forces, with a focus on high-quality enterprises in various fields, including industrial AI, and overseas investment opportunities [1] Group 2: Technological Innovation - The company is committed to introducing advanced technologies and talent through its acquisitions to drive technological innovation and product upgrades [1] - The acquisitions also include leaders in the industrial intelligence sector, such as Tianze Zhiyun, and the humanoid robot field, represented by Zhejiang Humanoid Robot Innovation Center [1]

Core Viewpoint - The company emphasizes its commitment to enhancing intrinsic value through technological innovation and optimizing products and services, while maintaining close communication with investors to convey its value, strategy, and development prospects [2] Group 1: Market Influences - The company's stock price in the secondary market is influenced by various factors including macroeconomic conditions, industry cycles, and market liquidity [2] Group 2: Company Strategy - The company is focused on improving its competitiveness and profitability through continuous innovation and service enhancement [2]

证券日报网讯 12月30日，中控技术在互动平台回答投资者提问时表示，历经三十多年的发展和沉淀， 公司已在流程工业领域奠定了坚实的客户基础与广泛的影响力，公司已覆盖流程工业领域50多个细分行 业3万7千多家客户，累计部署包括DCS在内的工业控制系统逾10万套，约1亿个I/O点数。在工业AI时代 下，工业控制系统是所有AI实施执行的硬件基础，依托广泛的用户基础、丰富的应用场景以及累计运 行在10万套工业控制系统上超过100EB的庞大工业数据量，公司现已成为拥有流程工业各细分领域数据 最为丰富的工业实时数据公司。公司已于去年推出了工业软件会员订阅制模式，并将其作为公司商业模 式创新的关键组成部分大力推广。订阅制模式有效促进了先进工业AI软件、设备及技术在工业场景的 应用落地，截至2025年6月底，公司已累计签约938家订阅制客户，截至2025年9月底，订阅制业务带来 的软件年费ARR收入已达7691.35万元。 ...

证券日报网讯 12月30日，中控技术在互动平台回答投资者提问时表示，公司已于去年推出工业软件的 会员订阅制模式，并将其作为公司商业模式创新的关键组成部分大力推广，该模式旨在为不同规模的客 户提供多样化的高价值软件包组合，并通过持续的软件迭代升级，为客户提供卓越的服务体验，显著提 升软件在企业数字化转型中的部署效率与长期价值。会员订阅制模式有效促进了先进工业AI软件、设 备及技术在工业场景的应用落地，截至2025年6月底，公司已累计签约938家订阅制客户，实现了商业模 式战略性突破。此外，今年8月份公司发布了新一代工业AI大模型TPT2，应用模式从1.0时代的专家上 门实施扩展为既保留了企业本地部署的诉求，更增加了平台化、自助式服务，用户企业可像使用专业工 具一样，自主查询数据、寻求优化方案、获取预警信息，极大降低了使用门槛和成本，真正实现了AI 能力的普惠化。 ...

证券日报网讯12月30日，中控技术在互动平台回答投资者提问时表示，公司后续会持续优化长效激励机 制，努力为投资者创造更大价值。同时，公司通过推动实施回购、控股股东增持、实施股权激励等多种 措施，提振市场信心，引导上市公司价值理性合理回归内在价值，助力企业良性发展。公司将与广大投 资者一起，实现公司战略、员工及股东互利共赢格局，共同开创价值共享、合作共赢的美好未来。 ...

Core Viewpoint - The company, Zhongkong Technology, has actively engaged in share repurchase, indicating a commitment to enhancing shareholder value and supporting its innovative business goals in industrial AI [2] Group 1: Share Repurchase Details - As of November 30, 2025, the company has repurchased a total of 5.943706 million shares, which represents 0.7512% of its total share capital [2] - The highest repurchase price was RMB 51.49 per share, while the lowest was RMB 48.30 per share, with a total transaction amount of RMB 298.8809 million [2] Group 2: Future Plans - The company plans to continue share repurchases, considering various factors, and aims to utilize the repurchased shares for employee stock ownership plans and equity incentives [2] - This strategy is intended to motivate teams and individuals who contribute to technological innovation and rapid business breakthroughs, particularly in the development of the company's time series large model TPT and subscription-based industrial AI innovations [2]

Core Insights - The collaboration between the company and Huawei has deepened in recent years, leading to the development of comprehensive AI innovation solutions across multiple industries [2] Group 1: Partnership and Collaboration - In September, the company and Huawei jointly launched AI innovation solutions by integrating the company's industry knowledge and AI capabilities with Huawei's ICT infrastructure [2] - The partnership focuses on strategic alignment in areas such as multi-industry scenario innovation and the integration of AI large models with hardware [2] Group 2: Technological Integration - The company's "1+2+N" industrial AI-driven enterprise intelligence operation framework will utilize Huawei's Kunpeng servers and OceanStor storage for unified data connectivity, modeling, and analysis capabilities [2] - The company's self-developed time series large model TPT and hypergraph large model HGT will be trained and inferred on Huawei's Ascend AI computing platform to enable automation in production processes and enterprise operations [2] Group 3: Future Developments - The new generation of the company's Universal Control System (UCS) will be deeply integrated with Huawei's Kunpeng hardware, redefining the product form and application value of control systems through software definition and cloud-native technology [2] - The company plans to explore a new industrial service ecosystem by combining its offline PlantMate 5S store with the online PlantMart marketplace [2]

Core Viewpoint - The collaboration between Zhongkong Technology (688777.SH) and Huawei has deepened, focusing on creating comprehensive AI innovation solutions across multiple industries, leveraging both companies' strengths in industrial AI and ICT infrastructure [1] Group 1: Partnership Development - The partnership has led to the development of AI solutions that address industry pain points, integrating Zhongkong's industry knowledge and Huawei's technological capabilities [1] - In September, both companies jointly released AI innovation solutions that cover various industries and scenarios [1] Group 2: Technological Integration - Zhongkong's "1+2+N" industrial AI-driven architecture will utilize Huawei's Kunpeng servers and OceanStor storage to provide unified data integration, modeling, and analysis capabilities for physical devices and information systems [1] - The company's self-developed time series model TPT and hypergraph model HGT will be trained and inferred using Huawei's Ascend AI computing platform, enabling automation in production processes and enterprise operations [1] - The new generation of general control system UCS will be deeply integrated with Huawei's Kunpeng hardware, redefining the product form and application value of control systems through software definition and cloud-native technology [1] Group 3: Future Exploration - Both companies plan to explore a new industrial service ecosystem by combining Zhongkong's offline PlantMate 5S store and online PlantMart marketplace, aiming for a one-stop industrial service model [1]

Core Insights - The actuator industry in China has established a complete industrial chain, with upstream focusing on raw materials and core technology components, midstream accelerating towards intelligent development, and downstream driven by traditional industries and emerging fields like robotics and renewable energy [1][5][9]. Industry Overview - Actuators are critical components in automation control systems, converting controller signals into mechanical actions to regulate production parameters [2][3]. - The actuator market is projected to reach 33 billion yuan in 2024 and 82 billion yuan by 2030, driven by technological upgrades and domestic replacements [1][13]. Upstream Development - The upstream sector includes key components like motors, reducers, and sensors, with domestic breakthroughs in motors and reducers, but a notable gap in high-end precision components like encoders [7][9]. - Domestic companies have made significant progress in servo motors and harmonic reducers, but high-end encoder markets remain dominated by international firms [7][9]. Downstream Demand - The demand for actuators is characterized by a dual structure of traditional and emerging markets, with industrial automation as the foundation and new energy and robotics as growth drivers [9][10]. - The humanoid robot sector is expected to see explosive growth, with the market projected to increase from approximately 2.4 billion yuan in 2025 to 25.4 billion yuan by 2030, highlighting the actuator's role as a core component [11][12]. Market Segmentation - The actuator market is segmented into electric, pneumatic, hydraulic, and special actuators, with electric actuators leading growth due to their advantages in smart applications [14][15]. - The electric actuator market is expected to reach 17.8 billion yuan by 2025, while pneumatic and hydraulic actuators maintain stable growth in their respective applications [14][15]. Competitive Landscape - The actuator industry features a diverse competitive landscape with foreign brands dominating high-end markets and domestic leaders making significant inroads through innovation and localization [15][16]. - Domestic brands are expected to capture 58% of the market share by 2024, with projections to exceed 70% by 2030, driven by technological advancements and market responsiveness [15][16]. Future Trends - The industry is set to evolve with a focus on technological innovation, market optimization, and industrial upgrades, emphasizing the integration of IoT and AI into actuator products [16][17]. - The market will see a shift towards high-end applications and a collaborative development model among core and supporting enterprises, enhancing overall competitiveness [18].