Group 1 - The company Zhuhai Zhenhua is a customer of the balancing business of Jizhi Co., Ltd [2] - Jizhi Co., Ltd confirmed its relationship with Zhuhai Zhenhua on the investor interaction platform [2] - The inquiry was made by an investor regarding the customer status of Zhuhai Zhenhua [2]

Group 1 - The AMAC General Equipment Index (AMAC General, H30061) experienced a decline of 1.38%, closing at 2359.98 points, with a trading volume of 86.789 billion yuan [1] - Over the past month, the AMAC General Equipment Index has increased by 13.71%, by 13.10% over the last three months, and has risen by 30.93% year-to-date [1] - The index is based on the classification guidelines from the China Securities Association and includes 43 industry classification indices [1] Group 2 - The top ten holdings of the AMAC General Equipment Index include: Sanhua Intelligent Control (5.93%), Shanghai Electric (5.1%), Hengli Hydraulic (3.96%), Robot (2.48%), Dongfang Electric (2.36%), Goldwind Technology (2.06%), Mingyang Smart Energy (2.06%), Zongshen Power (1.63%), Plutotech (1.55%), and Green Harmonic (1.48%) [1] - The market share of the AMAC General Equipment Index holdings is 56.21% from the Shenzhen Stock Exchange and 43.79% from the Shanghai Stock Exchange [1] Group 3 - In terms of industry composition, the AMAC General Equipment Index is comprised of 89.43% industrial sector, 9.08% consumer discretionary, and 1.49% information technology [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部分內容所產生或因依賴該等內容而引致的任何損失承擔任何責任。 ZHEJIANG SANHUA INTELLIGENT CONTROLS CO., LTD. 浙江三花智能控制股份有限公司 於 本 公 告 日 期，董 事 會 包 括(i)執 行 董 事 張 亞 波 先 生、王 大 勇 先 生、倪 曉 明 先 生 及 陳 雨 忠 先 生；(ii)非 執 行 董 事 張 少 波 先 生 及 任 金 土 先 生；及(iii)獨立非執行董 事 鮑 恩 斯 先 生、石 建 輝 先 生、潘 亞 嵐 女 士 及 葛 俊 先 生。 浙江三花智能控制股份有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）之 董 事（「董 事」）會（「董事會」）謹 此 宣 佈，本 公 司 將 於2025年8月28日（星 期 四）舉行董 事 會 會 議，藉 以（其 中 包 括）考慮及批准本集團截至2025年6月30日止六個月的中 期 ...

Core Viewpoint - Yongjie New Materials (603271.SH) is actively participating in the liquid cooling market, which includes applications in electric vehicle battery thermal management, energy storage system thermal management, and data center cooling solutions [1] Group 1: Company Developments - The company has achieved stable mass production of liquid cooling plate materials [1] - Yongjie New Materials has entered the supply chain of major domestic manufacturers such as Sanhua Intelligent Controls and Kexin New Energy [1] - The specific end-user applications for these materials are not fully understood by the company [1] Group 2: Industry Insights - The liquid cooling market encompasses various cooling applications, including those for new energy vehicles, energy storage systems, and data centers [1]

格隆汇8月14日丨三花智控(02050.HK)宣布，本公司将于2025年8月28日（星期四）举行董事会会议，藉 以（其中包括）考虑及批准本集团截至2025年6月30日止六个月的中期业绩及其发布，以及考虑派发中 期股息（如有）的建议。 ...

Group 1: Industry Overview - The global humanoid robot industry is projected to reach a market size of $3.4 billion in 2024, representing a year-on-year increase of 57.41%, and is expected to grow to $5.3 billion in 2025, with a potential to exceed $20.6 billion by 2028, indicating a high compound annual growth rate [3]. - The humanoid robot sector is positioned at the beginning of a growth trajectory, with significant potential for expansion in both global and Chinese markets, driven by advancements in artificial intelligence and precision manufacturing [3]. Group 2: Tesla's Optimus Robot - Tesla's Optimus Gen2 humanoid robot has undergone significant upgrades, including a weight reduction of approximately 10 kg, a 30% increase in walking speed, and a doubling of hand dexterity to 22 degrees of freedom, with an overall freedom of movement reaching 28 degrees [2]. - The Optimus Gen2 robot stands 1.73 meters tall, weighs 57 kg, and can perform tasks such as squatting and delicate actions like egg squeezing, with a load capacity of 20 kg and a walking speed of 8 km/h [2]. - Tesla is already working on the third generation of Optimus, which aims to enhance coordination and the ability to perform complex tasks, such as folding clothes and caring for children [2][3]. Group 3: Key Companies in the Supply Chain - Sanhua Intelligent Control (三花智控) is a core supplier of rotating joint assemblies for Tesla's humanoid robots and has entered small-scale trial production for liquid cooling modules [4]. - Top Group (拓普集团) serves as a first-tier supplier for Tesla's robots, responsible for linear joint assembly supply, with a factory in Mexico expected to start production in Q3 2025 [4]. - Harmonic Drive (绿的谐波) is a leading domestic company in harmonic reducers, providing products that meet international standards and are compatible with Tesla's Optimus [4]. - Inovance Technology (汇川技术) is a domestic leader in humanoid robot components, specializing in servo systems and rotary actuator modules suitable for Tesla's Optimus [4]. - Mingzhi Electric (鸣志电器) is a leading provider of dexterous hand components for humanoid robots, with high-precision stepper motors that rank among the top three globally and have entered Tesla's supply chain [4]. - Wuzhou Xinchun (五洲新春) collaborates with Hangzhou Xinjian to support Tesla's supply chain with planetary roller screw products [4].

金融界消息 截至2025年8月13日收盘，三花智控（002050）报收于27.63元，上涨2.68%，换手率 2.56%，成交量94.44万手，成交金额25.78亿元。 资金流向方面，今日主力资金净流入3.83亿元，占比成交额14.87%。其中，超大单净流入4.31亿元、占 成交额16.71%，大单净流出4731.89万元、占成交额1.84%，中单净流出流出22930.32万元、占成交额 8.89%，小单净流出15411.66万元、占成交额5.98%。 三花智控最新一期业绩显示，截至2025一季报，公司营业总收入76.69亿元、同比增长19.10%，归属净 利润9.03亿元，同比增长39.47%，扣非净利润8.53亿元，同比增长27.17%，流动比率1.650、速动比率 1.280、资产负债率44.91%。 天眼查商业履历信息显示，浙江三花智能控制股份有限公司，成立于1994年，位于绍兴市，是一家以从 事电气机械和器材制造业为主的企业。企业注册资本373238.9535万人民币，实缴资本373238.9535万人 民币。公司法定代表人为张亚波。 通过天眼查大数据分析，浙江三花智能控制股份有限公司共对外投资了3 ...

Market Overview - The Shanghai Composite Index closed at 3683.46 points, above the six-month moving average, with an increase of 0.48% [1] - The total trading volume of A-shares reached 21,752.11 billion yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 63 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Guanggang Gas with a deviation rate of 10.02% - Fuan Energy at 9.12% - Tenglong Co. at 8.88% [1] Detailed Stock Performance - The following stocks showed notable performance: - Guanggang Gas: Today's increase of 13.13% with a turnover rate of 13.67% [1] - Fuan Energy: Increased by 10.04% with a turnover rate of 1.43% [1] - Tenglong Co.: Increased by 10.06% with a turnover rate of 7.65% [1] - Other stocks with smaller deviation rates include: - Guangshen Railway, Luopus Gold, and Chahua Co., which have just crossed the six-month line [1]

Group 1 - The core viewpoint of the news is the performance of the China Securities Index Home Appliance Index, which has shown positive growth in recent months and year-to-date [1][2] - The China Securities Index Home Appliance Index rose by 0.58% to 11,852.35 points, with a trading volume of 27.129 billion yuan [1] - Over the past month, the index has increased by 4.82%, by 3.32% over the past three months, and by 4.54% year-to-date [1] Group 2 - The index is composed of various industry companies classified into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries [1] - The top ten weighted stocks in the index include Gree Electric Appliances (15.01%), Midea Group (14.05%), Haier Smart Home (12.41%), and others [1] - The market segments of the index holdings show that 63.48% are from the Shenzhen Stock Exchange and 36.52% from the Shanghai Stock Exchange [1] Group 3 - The index sample is entirely composed of consumer discretionary stocks, with a 100% allocation [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Public funds tracking the home appliance index include various ETFs and mutual funds from companies like Harvest, Guotai, and GF [2]

Core Insights - Goldman Sachs participated in the 2025 World Robot Conference, engaging with nine humanoid robot companies, indicating a strong interest in the sector and potential investment opportunities [1] Industry Trends - The World Robot Conference attracted significantly higher consumer visitor traffic compared to the 2025 Shanghai World Artificial Intelligence Conference, suggesting strong short-term demand potential in education, companionship, and entertainment sectors [2] - The introduction of new products like R1 and SA02, priced at 39,900 yuan and 38,500 yuan respectively, reflects a trend towards more practical and affordable robotic solutions [2] - There is a growing emphasis on the efficiency of entire robotic systems rather than individual robot performance, with companies reporting success rates of 80-99.5% in specific manufacturing tasks [7] Technological Developments - The industry is expected to transition to end-to-end operational models within 1-2 years, contingent on acquiring sufficient high-quality training data [3] - Google's new AI video generation model, Veo3, has sparked discussions about its potential superiority over existing AI frameworks in robotics, highlighting the rapid evolution of software and hardware in the sector [4] - NVIDIA showcased advancements in Physical AI and general robotics, indicating a strong focus on cloud-scale model training and real-time edge AI deployment [5] Market Dynamics - Government subsidies for robot purchases during events like the "Yizhuang Robot Consumption Festival" are likely to stimulate consumer and enterprise demand [8] - The introduction of low-cost robotic products and sales subsidies may create short-term sales opportunities for uncovered humanoid robot component companies [9] Company Insights - Goldman Sachs maintains a "Buy" rating for Sanhua Intelligent Controls, projecting a 19% CAGR in revenue and net profit from 2025 to 2030, driven by its strong positioning in the actuator assembly sector [10] - Best is expected to capture a 10% share of the global high-spec humanoid robot PRS market by 2027, with a projected CAGR of 80% in global high-spec humanoid robot shipments from 2024 to 2035 [12][13] - Linyun Optical is anticipated to see a 73% CAGR in its humanoid robot motion capture business from 2025 to 2030, contributing significantly to overall revenue and profit [17]