Core Viewpoint - The company has begun supplying liquid cooling products to several well-known international clients and has developed a comprehensive range of cooling solutions for various applications [2] Group 1: Product Offerings - The company has the capability to produce and develop a variety of cooling products, including CDU, liquid cooling modules, liquid cooling plates, air cooling modules, heat pipes, uniform heat plates, and graphite sheets [2] - These products are applicable in humanoid robots, servers, optical modules, XR, and mobile phones [2] Group 2: Market Position - The company has established a full-process service capability for core hardware in AI servers, leveraging its deep expertise in precision manufacturing [2]

Core Viewpoint - The company has reported a significant increase in overall profits due to the mass production and delivery of new AI terminal products in Q3, along with improved production line utilization [1] Group 1: Financial Performance - The company expects to achieve a net profit of between 1.89 billion and 2.12 billion yuan for the first three quarters of 2025 [1] - There has been a substantial increase in revenue from overseas factories, contributing to enhanced profitability [1] Group 2: Strategic Focus - The company will continue to deepen its engagement in the consumer electronics AI terminal sector, aiming to enhance the value of new products [1]

证券日报网讯 领益智造10月20日在互动平台回答投资者提问时表示，公司具备丰富的国内外知名客户 资源，公司因与客户签署了商业保密协议，具体合作信息受到商业保密协议的约束不便披露，敬请谅 解。 ...

证券日报网讯领益智造（002600）10月20日在互动平台回答投资者提问时表示，公司按照监管的相关规 定，在定期报告中披露股东情况。公司重视国内外市场机遇，不断优化客户结构，丰富产品布局。 ...

Core Viewpoint - The article highlights the strategic partnership between Stardust Intelligent and Lingyi Robot, focusing on the development and commercialization of embodied intelligent technology through a comprehensive collaboration framework that includes supply chain optimization, scene innovation, and industrial cultivation [2][4]. Group 1: Company Innovations - Stardust Intelligent showcased its upgraded "Body - Remote Operation - Model" platform at the IROS 2025 conference, featuring innovations such as an ultra-long-range remote operation system and the semi-humanoid robot Astribot S1-U, which is designed for flexible deployment and commercial customization [1][6]. - The AI system DuoCore supports fully autonomous commercial services, including popcorn production and beverage sales [1]. Group 2: Strategic Partnership Details - The partnership aims to create a three-dimensional cooperation structure covering "supply chain deepening, scene co-creation, and industrial cultivation," with clear paths for implementation [2][4]. - Both companies will establish a collaborative optimization mechanism to enhance supply chain efficiency and reduce costs through customized supply and bulk purchasing [4]. Group 3: Industrial Applications - The collaboration will focus on automating repetitive, unsafe, and complex tasks in industrial manufacturing, thereby alleviating workers' burdens and enhancing productivity and safety [5]. - Stardust Intelligent will support the establishment of an industrial technician school to address talent shortages in the field of embodied intelligent robotics [5]. Group 4: Technological Advantages - Stardust Intelligent is recognized as the first company to mass-produce cable-driven AI robots, utilizing a design that mimics human tendon movement, allowing for high expressiveness and safety in complex operations [6][7]. - The cable-driven solution significantly reduces elastic error from 3-5 mm to 0.03 mm, enhancing the robot's performance in delicate tasks [7]. Group 5: Future Directions - The companies plan to explore joint ventures and deepen their collaboration to advance the embodied intelligent robotics industry and enhance their product and brand capabilities [5]. - Stardust Intelligent aims to create an "All in One" platform that integrates technology breakthroughs, scene validation, data feedback, and model optimization, moving towards the vision of providing AI robotic assistants to billions [16].

（记者 胡玲） 每经AI快讯，有投资者在投资者互动平台提问：公司三季度业绩亮眼，有两个问题想向公司了解一下 1.当下国际形势错综复杂，公司海外业务占比较重，是否会影响四季度的业绩呢？公司是否有应对的方 案？ 2.看公司公众号，十月开始，全球的分公司都处于高度运转的状态，是否四季度的订单处于满产满 销的状态呢？ 领益智造（002600.SZ）10月20日在投资者互动平台表示，公司在客户供应链端的地位不断加强，正在 承接更多业务。第三、四季度正值公司生产旺季。 ...

| 证券代码：002600 | 证券简称：领益智造 | 公告编号：2025-165 | | --- | --- | --- | | 债券代码：127107 | 债券简称：领益转债 | | 广东领益智造股份有限公司 关于为子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、担保情况概述 广东领益智造股份有限公司（以下简称"公司"或"领益智造"）分别于 2024 年 12 月 6 日和 2024 年 12 月 23 日召开第六届董事会第九次会议和 2024 年第五 次临时股东大会，审议通过了《关于公司及子公司 2025 年度担保事项的议案》。 为保证公司及其子公司的正常生产经营活动，2025 年度公司（含控股子公司） 拟为公司及子公司的融资或其他履约义务提供担保，预计担保总额度合计不超过 人民币 3,500,000 万元。在上述担保额度内，公司管理层可根据实际经营情况对 公司（含控股子公司）对子公司、子公司对公司之间的担保额度进行调配，亦可 对新成立的子公司分配担保额度。具体内容详见公司于 2024 年 12 月 7 日在巨潮 资讯网（w ...

Group 1 - The core viewpoint of the article highlights the increasing trend of A-share companies seeking to list on the Hong Kong Stock Exchange (HKEX), driven by the need to broaden financing channels and accelerate internationalization of Chinese assets [1][3][4] - As of September, over 20 A-share companies have announced plans or progress towards listing in Hong Kong, with more than 10 companies already completing the "A+H" listing this year, including industry leaders like CATL and Heng Rui Medicine [2][4] - The internationalization strategy is a key motivation for A-share companies to pursue HKEX listings, as it allows them to access a more global capital market and enhance their overseas business operations [3][4] Group 2 - The Hong Kong IPO market is expected to remain strong, with projections indicating over 80 new listings and total fundraising between 250 billion to 280 billion HKD for the year [5] - The active secondary market in Hong Kong, along with favorable conditions such as improved liquidity and valuation recovery, has made it more attractive for companies to issue new shares [4][5] - The "A+H" listing model has become a significant part of fundraising in Hong Kong, accounting for 70% of total fundraising in the first half of the year [4]

Core Insights - The company has established a joint venture, Dongguan Lingzhi Innovation Robot Technology Co., Ltd., with Zhiyuan, holding an 80% stake [2] - The joint venture will focus on the research, production assembly, and iterative optimization of industrial embodiment robot products, leveraging Zhiyuan's robot series for secondary development [2] - The company emphasizes the development of humanoid/embodiment robot business and aims to become a top 3 global manufacturer of embodiment intelligent hardware through a "three-in-one" strategy [2] Company Strategy - The joint venture will also explore new materials development, sensor design and iteration, battery and charging/swapping technology, and cooling solutions [2] - The company plans to establish a dedicated data collection center and build data assets to support its operations [2] - The long-term strategy includes a comprehensive layout across the entire industry chain of embodiment intelligent robots [2]

Core Viewpoint - The AI PC concept sector experienced a significant decline of 4.54% as of the market close on October 17, with major stocks like Siquan New Materials, Tongfu Microelectronics, and Taijia Co., Ltd. leading the losses, while only two stocks, Wentai Technology and China Software, saw gains of 4.28% and 0.21% respectively [1]. Market Performance - The AI PC concept sector ranked among the top decliners, with a net outflow of 3.884 billion yuan from main funds, affecting 39 stocks, of which 13 saw outflows exceeding 100 million yuan [2]. - The top three stocks with the highest net outflows were Tongfu Microelectronics (net outflow of 682.76 million yuan), Lingyi Technology (577.00 million yuan), and Shenghong Technology (312.87 million yuan) [2][3]. Stock Performance - The stocks within the AI PC concept that experienced the largest declines included: - Tongfu Microelectronics: -9.46% - Lingyi Technology: -6.49% - Siquan New Materials: -12.36% [3]. - Conversely, the stocks with net inflows included Wentai Technology (net inflow of 201.57 million yuan), China Software (18.86 million yuan), and Xinghuan Technology (0.78 million yuan) [4].