Group 1 - Zhongkong Technology Co., Ltd. has successfully won two major upgrade projects from China Petroleum & Chemical Corporation (Sinopec) for the Maoming Petrochemical 1 million tons ethylene (DCS/SIS/GDS) and Henan Refining 1 million tons ethylene (DCS) projects [1] - To date, Zhongkong Technology has undertaken a total of 28 large-scale ethylene projects [1]

中控技术最新一期业绩显示，截至2025一季报，公司营业总收入16.07亿元、同比减少7.55%，归属净利 润1.20亿元，同比减少17.42%，扣非净利润7720.85万元，同比减少34.88%，流动比率1.955、速动比率 1.492、资产负债率41.64%。 天眼查商业履历信息显示，中控技术股份有限公司，成立于1999年，位于杭州市，是一家以从事仪器仪 表制造业为主的企业。企业注册资本79059.1256万人民币，实缴资本79059.1256万人民币。公司法定代 表人为CUI SHAN。 金融界消息 截至2025年8月19日收盘，中控技术（688777）报收于49.27元，上涨0.04%，换手率2.3%， 成交量18.03万手，成交金额8.87亿元。 资金流向方面，今日主力资金净流入1324.21万元，占比成交额1.49%。其中，超大单净流出3652.98万 元、占成交额4.12%，大单净流入4977.19万元、占成交额5.61%，中单净流出流入2607.19万元、占成交 额2.94%，小单净流出3931.40万元、占成交额4.43%。 通过天眼查大数据分析，中控技术股份有限公司共对外投资了42家企业，参 ...

Group 1: ETF Performance and Liquidity - The liquidity of the Robot ETF managed by Jiashi has a turnover rate of 8.09%, with a transaction volume of 44.39 million yuan [3] - Over the past week, the average daily transaction volume of the Robot ETF reached 44.26 million yuan [3] - The ETF's scale has increased by 200 million yuan in the past six months, with a share growth of 23.7 million shares this year [3] Group 2: Financial Performance - As of August 18, 2025, the net value of the Robot ETF has risen by 8.92% over the past six months, ranking in the top two among comparable funds [3] - The highest monthly return since inception was 25.78%, with the longest consecutive monthly gains being three months and a maximum increase of 37.12% [3] - The average return during the rising months is 8.93% [3] Group 3: Key Holdings - As of July 31, 2025, the top ten weighted stocks in the CSI Robot Index include Keda Xunfei, Huichuan Technology, Stone Technology, Dahua Technology, Zhongkong Technology, Dazhu Laser, Shuanghuan Transmission, Robot, Ecovacs, and Julun Intelligent, collectively accounting for 48.86% of the index [3] Group 4: Industry Developments - Zhiyuan Innovation (Shanghai) Technology Co., Ltd. has partnered with Fulian Precision Engineering Co., Ltd. for a project worth several million yuan, marking the first large-scale commercial contract for embodied robots in the industrial sector in China [5] - The current phase of humanoid robots is likened to the "iPhone era," indicating significant industry potential, with dexterous hands expected to account for over 30% of the robot's value [5] Group 5: Technological Advancements - The robot industry is entering a rapid development phase, with the commercialization process accelerating [6] - Sensors are identified as the core hardware for the intelligence level of humanoid robots, with technological iterations driving significant advancements [6] - The value and technical requirements of sensors may undergo substantial changes due to the accelerated product iterations by main manufacturers [6]

Group 1: ETF Performance - The liquidity of the Robot ETF managed by Jiashi has a turnover rate of 7.04% with a transaction volume of 38.4689 million yuan [3] - Over the past six months, the Robot ETF has seen a net asset value increase of 7.15%, ranking in the top 2 among comparable funds [3] - The highest monthly return since inception for the Robot ETF is 25.78%, with the longest consecutive monthly gains being 3 months and a maximum increase of 37.12% [3] Group 2: Top Holdings - As of July 31, 2025, the top ten weighted stocks in the CSI Robot Index include Keda Xunfei, Huichuan Technology, Stone Technology, Dahua Technology, Zhongkong Technology, Dazhu Laser, Shuanghuan Transmission, Robot, Ecovacs, and Julun Intelligent, collectively accounting for 48.86% of the index [3] Group 3: Industry Events - The 2025 World Humanoid Robot Games concluded on August 17 at the National Speed Skating Hall in Beijing, featuring 280 top teams from 16 countries competing in various events and awarding 26 gold medals [5] - Zhiyuan Robotics announced the launch of its full product line on August 18, with a partner conference scheduled for August 21 to showcase the latest technological advancements and commercial achievements [6] - According to a report by Everbright Securities, 2025 is expected to be a breakthrough year for humanoid robot mass production, which will drive the downstream industry chain into a phase of significant growth [6]

Group 1: ETF Performance - The liquidity of the Robot ETF managed by Jiashi has a turnover rate of 4.11% with a transaction volume of 22.095 million yuan [3] - Over the past year, the Robot ETF has seen a scale increase of 508 million yuan, with leveraged funds continuing to invest [3] - As of August 14, 2025, the net value of the Robot ETF has increased by 67.03%, ranking 303 out of 2961 index equity funds, placing it in the top 10.23% [3] Group 2: Top Holdings - As of July 31, 2025, the top ten weighted stocks in the CSI Robot Index include Keda Xunfei, Huichuan Technology, Stone Technology, Dahua Technology, Zhongkong Technology, Dazhu Laser, Shuanghuan Transmission, Robot, Ecovacs, and Julun Intelligent, collectively accounting for 48.86% of the index [3] Group 3: Market Sentiment and Trends - According to CITIC Securities, the humanoid robot sector has experienced a significant recovery in sentiment due to previous corrections and positive changes in the domestic and international robot industry chain [6] - The domestic industry chain is seeing breakthroughs in orders for body manufacturers, indicating that humanoid robots are gradually entering the commercialization phase [6] - Shanghai Securities notes that the humanoid robot industry is entering a phase of diverse competition, with applications in industrial scenarios becoming a high-certainty trend [7]

通过天眼查大数据分析，中控技术股份有限公司共对外投资了42家企业，参与招投标项目4368次，知识 产权方面有商标信息301条，专利信息1927条，此外企业还拥有行政许可239个。 来源：金融界 中控技术最新一期业绩显示，截至2025一季报，公司营业总收入16.07亿元、同比减少7.55%，归属净利 润1.20亿元，同比减少17.42%，扣非净利润7720.85万元，同比减少34.88%，流动比率1.955、速动比率 1.492、资产负债率41.64%。 天眼查商业履历信息显示，中控技术股份有限公司，成立于1999年，位于杭州市，是一家以从事仪器仪 表制造业为主的企业。企业注册资本79059.1256万人民币，实缴资本79059.1256万人民币。公司法定代 表人为CUI SHAN。 金融界消息 截至2025年8月13日收盘，中控技术（688777）报收于48.33元，上涨0.73%，换手率 1.62%，成交量12.71万手，成交金额6.11亿元。 资金流向方面，今日主力资金净流入2282.43万元，占比成交额3.74%。其中，超大单净流出267.67万 元、占成交额0.44%，大单净流入2550.11万元、占 ...

Core Insights - The Zhejiang Petrochemical 40 million tons/year integrated refining and chemical project, located on Yushan Island, Zhoushan, has been fully completed and put into operation, marking it as the largest single integrated refining and chemical project globally [1] - The project utilizes a new industrial AI-driven enterprise intelligent operation architecture called "1+2+N," with a control system I/O point count reaching 770,000, setting an industry record [1] - The project demonstrates significant improvements in product quality and operational efficiency, achieving a 30.17% reduction in product quality fluctuations and a 20.35% decrease in grade switching time, along with a yield increase of over 1.045% [1] Project Overview - The total planned area for the project is 41 square kilometers, making it a significant development in China's refining and chemical industry [1] - The project is a joint construction effort led by Rongsheng Group and showcases advanced technologies in process industries, particularly in industrial AI and control systems [1] Technological Advancements - The control system's stability, service response capability, and adaptability for local delivery have been highly recognized, particularly in industrial AI control and instrumentation [1] - The project has achieved a 45% reduction in product quality fluctuations and a 32.7% decrease in grade switching time in its high-density polyethylene unit, highlighting the practical value of advanced technologies in the industry [1]

Core Insights - The recent launch of the M4Pro high-end equipment control system by Zhongkong Technology marks a significant milestone in PLC innovation, attracting nearly 10,000 experts and partners both online and offline [1] Group 1: Product Features - The M4Pro product is characterized by high reliability, high availability, and high performance, specifically designed to meet the complex control needs of high-end equipment in industries such as metallurgy, papermaking, building materials, and liquor production [1] - M4Pro integrates three core innovative technologies, breaking traditional control bottlenecks, and is positioned as a key driver for the intelligent upgrade of high-end equipment [1] Group 2: Company Vision and Strategy - The founder of Zhongkong Technology, Chu Jian, emphasized the importance of automation as the foundation of digitalization and the prerequisite for intelligence in the AI era, highlighting the role of high-end PLCs in leading this process [1] - Zhongkong Technology aims to redefine the technical boundaries of high-end equipment control with the M4Pro, providing safe and reliable PLC products and industry automation solutions to support the high-quality digital and intelligent development of China's manufacturing industry [1]

Core Insights - Zhongkong Technology has successfully entered the artificial intelligence application project of China Petroleum & Chemical Corporation (Sinopec) with its self-developed global first time-series large model TPT, marking a significant advancement in the application of TPT in major state-owned enterprises [1][2] - The ethylene cracking unit, as a crucial part of the petrochemical industry chain, faces challenges such as high implementation costs, long modeling cycles, insufficient accuracy, low computational efficiency, and poor convergence in production optimization software [1] Group 1 - Zhongkong Technology will leverage the advantages of the TPT model and its industrial AI talent pool, combined with Sinopec's production experience and data accumulation, to innovate and create an AI model with independent intellectual property rights tailored for China's ethylene cracking units [2] - The project signifies the recognition of TPT's exceptional value in core industry scenarios and is a key milestone for its promotion across the entire industry and various applications [2] - The company aims to use this project as an opportunity to collaborate with more state-owned enterprises to promote the "Artificial Intelligence +" strategic initiative, ensuring the autonomous control of national energy security [2] Group 2 - Zhongkong Technology plans to accelerate the implementation of "AI + safety," "AI + quality," "AI + low carbon," and "AI + efficiency" initiatives, continuously expanding its leading technological advantages in industrial AI [2] - The company aims to create world-leading industrial AI application demonstrations, contributing innovative solutions to the transformation of the national energy structure and global industrial sustainable development [2]

在"1500万吨/年煤炭分质清洁高效转化示范项目"（二期项目）中，中控技术将依托自主研发 的"1+2+N"工业AI驱动的企业智能运行新架构，构建覆盖煤炭热解、化工合成、能源回收全产业链 的"感知-评估-决策-执行"智能闭环。通过深度融合集散控制、安全仪表控制与高级报警管理、智能高级 过程控制等前沿技术，实现从项目设计到运维的全流程智能化管控，助力陕煤榆林化学打造具备"自感 知、自诊断、自决策"能力的卓越级智能工厂。这种全流程、全周期的智能化解决方案，不仅契合国 家"双碳"战略目标，更能为企业带来显著的降本增效成果，其技术创新性与商业可持续性令人期待。 根据规划，二期项目全部投产后，预计年销售收入可达1340亿元，年利润超300亿元，创造就业岗位 7000余个，推动煤炭从"燃料"向高附加值原料转型。此次深度合作，不仅是中控技术在煤化工智能化赛 道的重要里程碑，更为陕煤榆林化学"技术领先、工艺成熟、投资合理、产品多元、成本可控、效益可 见、运行可靠、风险可担"的目标实现提供了可靠助力。 作为陕煤榆林化学的核心合作伙伴，中控技术于2020年开始助力其一期项目——全球最大煤制乙二醇装 置（180万吨/年乙二醇项目）落 ...