Core Viewpoint - The company announced the completion of a fundraising project and plans to permanently supplement its working capital with the remaining funds [1] Group 1: Project Completion - The company held its sixth board meeting on December 19, 2025, where it approved the conclusion of the "Research and Development Center Upgrade Project" [1] - The project has been completed and is in a usable state as of the announcement date [1] Group 2: Financial Details - The total investment commitment for the project was 88.01 million yuan, while the actual cumulative investment was 75.55 million yuan [1] - The remaining funds amount to 19.21 million yuan, which includes interest of 6.75 million yuan [1] Group 3: Fund Allocation - The company intends to permanently allocate the remaining funds to its working capital, with the actual amount based on the balance of the special account on the transfer date [1] - After the transfer of the remaining funds to its own account, the company will cancel the related fundraising special account and terminate the associated regulatory agreements [1]

Core Insights - Global technology investment enthusiasm remains high in 2025, but there is a structural differentiation characterized by "strong computing power, weak applications" [3] - Major global tech giants are significantly increasing capital expenditures, benefiting upstream computing chips and supporting hardware, while the computer/software sector faces three pressures: 1) Software companies' performance growth is overall lower than that of the computing chain; 2) Software company valuations are not cheap compared to hardware; 3) Concerns about "large models consuming software" continue to grow [3] - By Q3 2025, domestic public funds are underweight in the computer sector by 1.7 percentage points [10] Market Review: AI Applications' Concerns and Breakthroughs - The performance of the computer/software sector in both China and the US has been weak, with software and service-focused indices significantly underperforming hardware and semiconductor indices [5] - As of December 12, 2025, the A-share computer index has risen by 15.15%, lagging behind the 49.16% increase in the ChiNext index and the 45.90% increase in the electronic index [5] - In the US market, the IGV software index has only increased by 7.84%, underperforming the 22.52% rise in the Nasdaq Composite and the 39.75% increase in the SOXX semiconductor index [5] Opportunities in Chinese AI Applications 1. Deepening Industrial Applications - China possesses the world's only complete industrial system, providing high-value real-world data, application scenarios, and energy supply, which will foster diverse agent forms [27] - The construction of a modern industrial system is prioritized in the "14th Five-Year Plan," with expectations for intensive policy support for "Artificial Intelligence+" during this period [39] 2. Expanding Overseas - AI application teams in China can leverage "extreme efficiency + global pricing" arbitrage, with the engineer dividend in China continuing to expand [3] - Many computer companies prioritize overseas strategies, with overseas revenue growth generally outpacing domestic growth [64] 3. Reconstructing Edge AI - Internet giants and AI startups are actively exploring edge forms in the AI era, integrating deeply with existing consumer electronics and developing new AI-native hardware [3] - The shipment volume of related products is expected to have high growth potential as hardware and algorithms mature [3] Investment Recommendations - Focus on companies with industry know-how and data for industrial empowerment, such as Hikvision, Dahua Technology, and Han's Laser [3] - Prioritize AI application companies with high overseas revenue proportions, including Foxit Software and Kingsoft Office [3] - Pay attention to AI hardware brands and algorithm vendors benefiting from the emergence of blockbuster products, such as Rainbow Soft and iFlytek [3]

证券日报网讯 12月18日，倍轻松在互动平台回答投资者提问时表示，公司经营动态敬请关注公司相关 公告。 （文章来源：证券日报） ...

Group 1 - Shenzhen Feifan Arm Robot Technology Co., Ltd. has been established, focusing on the development and sales of intelligent robots, AI application software development, and manufacturing of wearable smart devices [1] - The company is wholly owned by Beilingsong (688793) [1] - The registered capital of Shenzhen Feifan is 1 million yuan, and it is classified as a limited liability company [2] Group 2 - The business scope includes the manufacturing and sales of service robots, special operation robots, and first-class medical devices, among other activities [2] - The company is located in Nanshan District, Shenzhen, and is registered with the Shenzhen Market Supervision Administration [2] - The operational period is set from December 17, 2025, with no fixed term [2]

证券代码：688793 证券简称：倍轻松 公告编号：2025-079 深圳市倍轻松科技股份有限公司 2025 年 11 月 12 日，公司于上海证券交易所网站（www.sse.com.cn）披露 了《深圳市倍轻松科技股份有限公司简式权益变动报告书》《深圳市倍轻松科技 股份有限公司关于持股 5%以上股东减持至 5%以下的权益变动提示性公告》（公 告编号：2025-072）。汪荞青女士于 2025 年 10 月 15 日至 2025 年 11 月 10 日通 1 关于股东提前终止减持计划暨减持股份结果公告 汪荞青保证向深圳市倍轻松科技股份有限公司提供的信息内容不存在任何 虚假记载、误导性陈述或者重大遗漏，并对其真实性、准确性和完整性依法承担 法律责任。 本公司董事会、全体董事及相关股东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。 重要内容提示： 大股东及董监高持有的基本情况 本次减持计划实施前，汪荞青女士合计持有深圳市倍轻松科技股份有限公司 （以下简称"公司"）股份 4,811,500 股，占公司总股本的 5.5983%。上述股份 中，3,43 ...

格隆汇12月17日丨倍轻松(688793.SH)公布，2025年12月17日，公司收到股东汪荞青女士的《关于提前 终止减持计划暨减持结果的告知函》，现将相关减持计划实施结果具体公告如下：截至2025年12月16 日，汪荞青女士累计减持公司股份数量为60.02万股，占公司总股本比例为0.6983%。基于对公司长期发 展的信心和公司内在价值的判断，汪荞青女士决定提前终止减持计划。 ...

证券之星消息，12月16日小家电板块较上一交易日下跌0.0%，倍轻松领跌。当日上证指数报收于 3824.81，下跌1.11%。深证成指报收于12914.67，下跌1.51%。小家电板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日小家电板块主力资金净流入1638.04万元，游资资金净流入2271.18万元，散户 资金净流出3909.22万元。小家电板块个股资金流向见下表： ...

Market Performance - The main board saw significant gains with notable stocks such as Copper Peak Electronics (+10.04%), Xilong Science (+10.00%), and Dongfang Communication (+9.98%) leading the charge [1] - The ChiNext board experienced a surge, highlighted by Guoci Materials (+20.02%) and LianTe Technology (+15.87%) [1] - The Sci-Tech Innovation board also performed well, with Jingfeng Mingyuan (+20.00%) and Yandong Micro (+16.84%) among the top gainers [1] - Active sub-industries included SW Electronic Chemicals III (+4.36%) and SW Semiconductor Equipment (+3.55%) [1] Domestic News - Taiwan's Industrial Technology Research Institute announced the development of the region's first full-color high-resolution Micro LED AI smart glasses, featuring a 0.49-inch display with 1920x1080 FULL HD resolution and over 3000 nits brightness [1] - Shanghai Jiao Tong University and Guoxing Aerospace signed an agreement to establish China's first space computing joint laboratory, focusing on autonomous space computing chip development and related technologies [1] - Goer Group and Haier Group signed a strategic cooperation agreement to collaborate on smart home, health, and digital economy sectors, leveraging Goer's expertise in precision components and smart manufacturing [1] - According to BCI's report, Huawei's smartphone market share is projected to reach 27.81% by the 48th week of 2025, significantly ahead of Apple's 17.12% [1] Company Announcements - Electric Science and Technology Network announced a significant decrease in expected daily related transactions for 2026, with actual transactions for 2025 being 283.25 million yuan compared to an expected 1.17385 billion yuan [3] - Chip Origin announced progress in acquiring Zhudian Semiconductor, with a capital increase of 350 million yuan for the acquisition [3] - Yunding Technology projected daily related transactions for 2026 to be approximately 1.355 billion yuan, with actual transactions expected to be around 1.484 billion yuan [3] - Aisino Security reported receiving a government subsidy of 1 million yuan, classified as a revenue-related government grant [3] International News - Dell plans to increase prices for its commercial product line by approximately 10%-30% starting December 17, depending on computer configuration [1] - STMicroelectronics secured a new credit line of 1 billion euros from the European Investment Bank, with 60% allocated for enhancing manufacturing capabilities [1] - SK Hynix ordered seven sets of thermal compression bonding machines from ASMPT for HBM4 production, a critical technology for ensuring product yield and performance [1] - Kioxia plans to start producing next-generation NAND flash memory chips in Iwate Prefecture in 2026, increasing storage capacity by 59% and data transfer speed by 33% [1]

Core Viewpoint - The article discusses a new trend in the A-share market where companies are engaging in "physical dividends" to enhance shareholder experience and interaction, moving beyond traditional cash dividends and stock bonuses [1][2]. Group 1: Shareholder Engagement Initiatives - Emei Mountain A plans to offer free entrance tickets to its scenic area for shareholders holding more than 500 shares as part of its 2025 shareholder reward program [1]. - Over 30 listed companies have initiated similar engagement activities, providing products, coupons, and tourism rights to their investors [1][2]. - The trend includes a variety of sectors, such as food, home appliances, health products, and cultural tourism, showcasing a diverse approach to shareholder rewards [2]. Group 2: Benefits of Physical Dividends - Physical dividends can create a closed-loop ecosystem of "investment-consumption," enhancing shareholders' understanding of the company's product strength and brand vitality [6]. - This approach can serve as a low-cost, high-return brand public relations strategy, transforming shareholders into brand advocates through personal product experiences [6]. - It aligns with regulatory goals to enhance investor satisfaction, providing tangible rewards that can improve investor sentiment amidst market volatility [7]. Group 3: Risks and Challenges - There is a risk of prioritizing physical rewards over fundamental company performance, which could lead to shareholder dissatisfaction if the company's financial health is not strong [8]. - The disparity in shareholding can create fairness issues, potentially alienating minority shareholders while favoring larger ones [8]. - Implementing a physical rewards system introduces new operational costs and management challenges, which could backfire if not handled properly [8]. Group 4: Strategic Insights for Consumer Companies - Companies must ensure their products can impress even the most discerning shareholders, as this reflects their broader market potential [9]. - The goal should be to transition shareholders from passive investors to active partners in the company's growth, fostering a sense of shared identity and collaboration [9]. - Compliance with regulations is crucial to avoid legal risks, ensuring that all reward initiatives are transparent and fair [9][10]. Group 5: Conclusion on Value Creation - The ultimate aim of these initiatives is to create a value-sharing ecosystem among brands, users, and investors, moving beyond short-term stock price fluctuations [11]. - Companies should strive to make every shareholder a passionate advocate for their products, enhancing long-term loyalty and brand strength [11].

Core Viewpoint - The company has been authorized for a patent related to a method and device for emotion recognition based on brain waves, indicating a focus on advancing technology and product development in this area [1] Group 1 - The company received authorization for a patent titled "Method, Device, and Electronic Equipment for Emotion Recognition Based on Brain Waves" in May 2025 [1] - The company plans to continue the deep application and development of related technologies and products [1]