证券代码：002617 证券简称：露笑科技 公告编号：2025-059 露笑科技股份有限公司 1、审议通过《关于公司 2025 年第三季度报告的议案》 表决结果：会议以 8 票赞成、0 票反对、0 票弃权的表决结果，通过本议案。 《公司 2025 年第三季度报告》（公告编号：2025-061）同日刊登在《证券 时 报 》、《 上 海 证 券 报 》、《 中 国 证 券 报 》、《 证 券 日 报 》 及 巨 潮 资 讯 网 （http://www.cninfo.com.cn）。 三、备查文件 露笑科技股份有限公司第六届董事会第十九次次会议决议。 特此公告。 第六届董事会第十九次次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、董事会议召开情况 露笑科技股份有限公司（以下简称"公司"或"露笑科技"）第六届董事会第十 九次会议于 2025 年 10 月 13 日以书面形式通知全体董事，2025 年 10 月 28 日 上午 9:00 在诸暨市店口镇露笑路 38 号公司办公大楼会议室以现场方式召开。会 议应出席董事 8 人，现场会议实际出席董事 8 ...

露笑科技股份有限公司 2025 年第三季度报告 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 证券代码：002617 证券简称：露笑科技 公告编号：2025-061 露笑科技股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1 露笑科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 1,008,809,885.30 | 13.99% | 2 ...

露笑科技公告，第三季度营收为10.09亿元，同比增长13.99%；净利润为9588.43万元，同比增长 78.57%。前三季度营收为27.61亿元，同比下降0.82%；净利润为2.46亿元，同比增长5.17%。 ...

证券代码：002617 证券简称：露笑科技 公告编号：2025-058 露笑科技股份有限公司 关于对全资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内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、担保情况概述 露笑科技股份有限公司（以下简称"公司"）为顺利推进子公司经营过程中 的融资计划，公司拟对岢岚县上元新能源有限公司、滨州天昊发电有限公司、 淄博贝铃光伏太阳能科技有限公司提供总额不超过 25,000 万元担保，主要用于 前海兴邦金融租赁有限责任公司融资授信及其项下的相关业务，不收取担保费 用，融资担保期限为八年。 公司于 2025 年 4 月 25 日和 2025 年 5 月 16 日分别召开了第六届董 事会第十三次会议和 2024 年年度股东大会审议通过了《关于 2025 年度对全资 子公司提供担保的议案》，明确了为公司提供担保的年度额度。截至公告日，公 司本次的担保金额尚在《关于 2025 年度对全资子公司提供担保的议案》中预计 的年度担保额度内，无需再次提交董事会或股东大会审议。详情可见公司披露在 巨潮资讯网（www.cninfo.com.cn）的相关公告。顺宇洁 ...

Core Viewpoint - The recent news highlights the upcoming IPO of Moore Threads, which is set to take place on September 26, 2023, after a rapid approval process by the Shanghai Stock Exchange. The company aims to raise 8 billion yuan for various AI and graphics chip development projects [2][5]. Company Overview - Moore Threads has developed four generations of GPU architectures based on its proprietary MUSA architecture, covering product lines including chips, boards, integrated machines, and clusters, targeting both enterprise and consumer markets [2][3]. Financial Performance - Despite currently operating at a loss, the company's losses are narrowing, and it has a strong order book of 2 billion yuan, with expectations of achieving profitability within the next 1-2 years [4][5]. - The company is projected to generate over 2 billion yuan in revenue for the year 2025, with a valuation around 24 billion yuan, indicating a potential market capitalization of 150-180 billion yuan post-IPO [5]. IPO Details - The IPO will involve the issuance of no less than 44.45 million shares, representing at least 10% of the total share capital post-issue, with expectations of a 200% increase on the first trading day [5]. - Eight A-share listed companies have direct or indirect stakes in Moore Threads, positioning them as potential beneficiaries of the IPO [5]. Product Lines - The company offers a range of products including: - Fourth-generation GPU "Pinghu" for enterprise-level AI computing - Third-generation GPU "Quyuan" and second-generation GPU "Chunxiao" for various applications [3]. Institutional Interest - Institutional investors have shown significant interest, with notable increases in holdings from foreign capital and various funds, indicating a positive outlook on the company's future [7][10][25].

Market Overview - The Shanghai Composite Index fell by 0.65% on September 26, with 10 industries experiencing gains, led by the oil and petrochemical sector with a rise of 1.17% and the environmental sector up by 0.38% [1] - The utilities sector ranked third in terms of daily gains, while the computer and electronics sectors faced the largest declines, down 3.26% and 2.75% respectively [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 83.579 billion yuan, with five industries seeing net inflows. The automotive sector led with a net inflow of 0.882 billion yuan despite a decline of 0.56% [1] - The banking sector also saw a slight increase of 0.08% with a net inflow of 0.0566 billion yuan [1] - A total of 26 industries experienced net capital outflows, with the electronics sector leading at a net outflow of 29.836 billion yuan, followed by the computer sector with a net outflow of 13.807 billion yuan [1] Utilities Sector Performance - The utilities sector rose by 0.35% with a net capital outflow of 0.317 billion yuan. Out of 131 stocks in this sector, 80 saw gains, including 2 hitting the daily limit, while 45 declined, with 2 hitting the lower limit [2] - Among the stocks with net capital inflows, Shanghai Electric led with a net inflow of 0.270 billion yuan, followed by Changjiang Electric and Shimao Energy with inflows of 84.043 million yuan and 38.960 million yuan respectively [2] - The stocks with the largest capital outflows included Dazhong Public Utilities with a decline of 9.97% and a net outflow of 173.835 million yuan, followed by Luxin Technology and Tianfu Energy with outflows of 98.760 million yuan and 65.848 million yuan respectively [3]

Market Overview - The Shanghai Composite Index rose by 0.83% on September 24, with 28 out of 31 sectors experiencing gains, led by the power equipment and electronics sectors, which increased by 2.88% and 2.76% respectively [1] - The utilities sector saw a modest increase of 0.35%, while the banking, coal, and telecommunications sectors faced declines of 0.36%, 0.29%, and 0.01% respectively [1] Capital Flow Analysis - The net inflow of capital in the two markets reached 19.725 billion yuan, with 14 sectors experiencing net inflows. The electronics sector led with a net inflow of 13.046 billion yuan, followed by the computer sector with a net inflow of 5.021 billion yuan and a daily increase of 2.52% [1] - Conversely, 17 sectors experienced net outflows, with the automotive sector leading at a net outflow of 2.064 billion yuan, followed by telecommunications with 1.670 billion yuan [1] Utilities Sector Performance - In the utilities sector, 131 stocks were tracked, with 99 stocks rising and 26 stocks declining. Two stocks hit the daily limit up [2] - The top three stocks with net inflows in the utilities sector were Xiexin Energy with a net inflow of 392 million yuan, followed by Jingyuntong and Delong Huineng with net inflows of 168 million yuan and 53 million yuan respectively [2] - The sector also saw significant net outflows, with the top three stocks being Dazhong Public Utilities, Changjiang Electric Power, and Luxiao Technology, which experienced net outflows of 720 million yuan, 395 million yuan, and 145 million yuan respectively [2][4] Utilities Sector Capital Flow Rankings - The top gainers in the utilities sector included: - Xiexin Energy: +9.97% with a turnover rate of 5.98% and a main capital flow of 391.76 million yuan - Jingyuntong: +8.78% with a turnover rate of 11.67% and a main capital flow of 167.74 million yuan - Delong Huineng: +6.49% with a turnover rate of 10.05% and a main capital flow of 52.94 million yuan [2] - The top losers in the utilities sector included: - Dazhong Public Utilities: -4.79% with a turnover rate of 29.54% and a main capital flow of -720.48 million yuan - Changjiang Electric Power: -0.26% with a turnover rate of 0.36% and a main capital flow of -395.24 million yuan - Luxiao Technology: -2.82% with a turnover rate of 12.64% and a main capital flow of -145.70 million yuan [4]

Group 1 - The core point of the news is that Luxshare Technology has entered the embodied robotics sector by signing a strategic cooperation agreement with Shanghai Kepler Robotics and a leading domestic cross-border e-commerce company, aiming to sell no less than 1 million units in the US and European markets over the next three years [1][2] Group 2 - The strategic cooperation will focus on the supply chain of household embodied AI service robots, AI embodied model algorithms, and market expansion in the US and Europe [2] - Ningbo Junwu plans to procure Kepler's embodied AI models and hardware modules to enable robots to have VLA autonomous movement and Agent visual language interaction capabilities, facilitating natural communication and command execution in home scenarios [2] Group 3 - For the first half of 2025, Luxshare Technology reported a revenue of 1.752 billion yuan, a decrease of 7.73% year-on-year, and a net profit attributable to shareholders of 150 million yuan, down 16.68% year-on-year [3] - The net profit after deducting non-recurring gains and losses was 140 million yuan, reflecting a decrease of 10.10% compared to the previous year [3] - The company's foray into the household embodied AI service robot sector raises questions about its potential to develop new growth avenues [3]

Core Viewpoint - Silicon carbide (SiC) is emerging as a new solution for chip heat dissipation, with Huawei recently announcing two patents related to SiC thermal management [2][6]. Group 1: Huawei's Patents - Huawei has filed two patents involving SiC for thermal management, aimed at enhancing the thermal conductivity of electronic devices [2]. - The first patent focuses on a thermal composition and its applications in electronic component cooling and chip packaging [2]. - The second patent pertains to a thermal absorbing composition for electronic components and circuit boards [2]. Group 2: Industry Trends - NVIDIA is reportedly switching the intermediate substrate material in its next-generation Rubin processors from silicon to SiC to improve heat dissipation, with large-scale adoption expected by 2027 [6]. - SiC has superior thermal conductivity, with a thermal conductivity of 500 W/mK, compared to silicon's 150 W/mK and ceramic substrates' 200-230 W/mK [7]. - The increasing power of AI chips, such as NVIDIA's GPUs, necessitates improved heat dissipation solutions, as the power of the H200 chip has risen from 700W to 1400W [7]. Group 3: Market Potential - The use of SiC intermediate layers can reduce GPU chip junction temperatures by 20-30°C and lower cooling costs by 30%, preventing performance throttling due to overheating [8]. - The market for SiC applications is expanding from power electronics to packaging and cooling solutions, creating new growth opportunities [9]. - A projection indicates that if NVIDIA's H100 chips were to switch to SiC intermediate layers, it would require approximately 76,190 substrates based on current production metrics [9]. Group 4: Stock Market Response - Following NVIDIA's entry into the SiC cooling sector, related stocks in the A-share market have seen significant increases, with companies like Lushou Technology and Tianyue Advanced rising over 30% since September [11]. - Companies such as Tianyue Advanced and Sanan Optoelectronics are actively pursuing innovations in SiC products for various applications, including power devices and thermal management [11][12]. - Financing data shows that several SiC-related stocks have received substantial investments, with Tongfu Microelectronics leading with an increase of 7.01 billion yuan in financing [14].

Group 1 - The core viewpoint of the article highlights advancements in robotics, showcasing various innovative projects and collaborations in the field [1][3][4][7][10][13]. Group 2 - The Lingxi X2 humanoid robot developed by Zhiyuan Robotics successfully performed the complex "Webster flip," becoming the first humanoid robot to achieve this feat, demonstrating advanced motion control and dynamic balance capabilities [3]. - MicroFactory has created a compact desktop manufacturing workstation featuring two robotic arms, designed for precision tasks like circuit board assembly, and recently raised $1.5 million in seed funding, valuing the company at $30 million [6][4]. - Iran has introduced its first AI legal robot, capable of accurately answering legal questions and analyzing legal documents at unprecedented speeds, reflecting the growing importance of AI in the legal field [9]. - Luxiao Technology has partnered with Kepler Robotics to develop AI-enabled home service robots, aiming to sell at least 1 million units in Europe and the US over the next three years [12]. - Figure is collaborating with Brookfield to develop a humanoid robot dataset, leveraging a vast real estate portfolio for data collection to train its proprietary Helix model, with plans for broader infrastructure cooperation [15].