Core Insights - Embodied Intelligence (EI) is a cutting-edge field at the intersection of artificial intelligence and robotics, aiming to integrate physical and cognitive capabilities in machines, enhancing their ability to interact with complex environments [1][7][21] - The market for embodied intelligence in China is projected to grow from 404.7 billion yuan in 2020 to 863.4 billion yuan in 2024, and is expected to reach 973.1 billion yuan by 2025 [1][7][22] Industry Overview - EI seeks to overcome limitations of traditional AI by enabling machines to perceive and interact with their environments like biological entities, thus paving the way for advancements in autonomous decision-making and execution capabilities [1][7] - The Chinese government has recognized the importance of EI, as highlighted in the 2025 government work report, which emphasizes the cultivation of future industries including EI [1][5] Current Industry Status - The EI market in China has seen rapid expansion, with significant advancements attributed to the emergence and iteration of large AI models [7][21] - The application of EI is primarily concentrated in robotics and autonomous vehicles, with the robotics sector accounting for over 55.6% of the market share, while autonomous driving holds 44.4% [9][11] Application Market - The robotics market in China is projected to reach 25 billion USD by the end of 2024, with an annual growth rate of 21% [11] - The autonomous driving market is expected to grow to 399.3 billion yuan in 2024, nearing 450 billion yuan in 2025, indicating a rising demand for EI technologies in this sector [13] Competitive Landscape - Major companies in the EI space include Tesla, Google, NVIDIA, and domestic firms like Yushutech, Xiaomi, and Huawei, all actively innovating and expanding their EI capabilities [15][19] - Notable developments include Huawei's collaboration with robotics firms to explore applications of their large models in humanoid robots, and advancements in AI-driven automation solutions by companies like Estun and Siasun [17][19] Future Trends - The EI industry is expected to experience a surge in technological innovation, particularly in perception, decision-making, and control, with significant improvements in 3D vision and tactile sensing technologies by 2025 [21][22] - The application scenarios for EI are diversifying, extending from industrial manufacturing to healthcare, services, and education, with collaborative robots increasingly replacing hazardous tasks in various sectors [22][23] - The establishment of a shared data ecosystem and open-source initiatives is anticipated to accelerate technological advancements and foster collaboration across the industry [24]

关于南京埃斯顿自动化股份有限公司 北京市中伦律师事务所 法律意见书 二〇二五年五月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金 山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京市中伦律师事务所 关于南京埃斯顿自动化股份有限公司 致：南京埃斯顿自动化股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受南京埃斯顿自动化股份有 限公司（以下简称"公司"）委托，指派本所律师对公司 2024 年年度股东大会 （以下简称"本次股东大会"）的合法性进行见证并出具法律意见。 本法律意见书根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中 ...

Meeting Overview - The shareholder meeting of Nanjing Estun Automation Co., Ltd. was held on May 21, 2025, with both on-site and online voting options available [1] - A total of 745 shareholders and representatives attended, representing 379,263,165 shares, which is 43.7434% of the total voting shares [1] Attendance and Participation - Out of the attendees, 9 shareholders participated in the on-site meeting, representing 12,093,223 shares, or 1.3948% of the total voting shares [1] - The meeting was attended by company directors, supervisors, the board secretary, and some senior management, while independent directors provided annual reports [1] Voting Results - The voting results showed a high level of agreement on various proposals, with the majority receiving over 99% approval from the attending shareholders [2][3][4] - Specific proposals included: - Proposal 1: 378,640,965 shares approved, 99.8359% approval [2] - Proposal 2: 378,636,265 shares approved, 99.8347% approval [2] - Proposal 3: 378,614,265 shares approved, 99.8289% approval [2] - Proposal 4: 378,632,365 shares approved, 99.8337% approval [2] - Proposal 5: 378,102,965 shares approved, 99.6941% approval [2] - Proposal 6: 375,935,680 shares approved, 99.1226% approval [3] - Proposal 7: 267,061,165 shares approved, 99.5507% approval [4] - Proposal 8: 378,053,965 shares approved, 99.6812% approval [4] Legal Compliance - The meeting was deemed legally valid, with the qualifications of attendees and the convening party confirmed as legitimate, and the voting procedures and results were also validated [5]

CONTENTS | Message from the Chairman | 01 | Future Chapter | | Environmental Chapter | | Key Performance Table | 87 | | --- | --- | --- | --- | --- | --- | --- | --- | | About Estun | 03 | Activating New Quality Productive Forces | 17 | Building a Sustainable Future Together | 57 | Index Table | 89 | | Responsibility 2024 | 07 | Creating Industrial Value | 19 | Environmental Management | 59 | About This Report | 90 | | Sustainable Development Management Strategy | | Innovation-Driven Development | 26 | Addr ...

北京市中伦律师事务所 关于南京埃斯顿自动化股份有限公司 2024 年年度股东大会的 法律意见书 二〇二五年五月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京市中伦律师事务所 关于南京埃斯顿自动化股份有限公司 2024 年年度股东大会的法律意见书 致：南京埃斯顿自动化股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受南京埃斯顿自动化股份有 限公司（以下简称"公司"）委托，指派本所律师对公司 2024 年年度股东大会 （以下简称"本次股东大会"）的合法性进行见证并出具法律意见。 在本法律意 ...

南京埃斯顿自动化股份有限公司 2024 年年度股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决提案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开情况 股票代码：002747 股票简称：埃斯顿 公告编号：2025-030 号 1、召开时间： 现场会议时间：2025 年 5 月 21 日（星期三）下午 14:00 网络投票时间为：2025 年 5 月 21 日。其中，通过深圳证券交易所交易系统 进行网络投票的具体时间为：2025 年 5 月 21 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年 5 月 21 日 9:15-15:00。 2、现场会议地点：南京市江宁经济开发区吉印大道 1888 号公司会议室 3、会议召集人：公司董事会 4、会议召开方式：本次会议采取现场表决与网络投票相结合的方式 5、会议主持人：公司董事长吴波先生 6、会议召开的合法、合规性：本次股东大会会议召开符合《公司法》 ...

Core Insights - The exoskeleton robot has gained popularity among outdoor enthusiasts, being introduced in various scenic spots for climbing assistance, with a fee of 80 yuan for tourists to experience this technology [1][2] - The market for exoskeleton robots is expected to expand significantly, transitioning from specialized to consumer applications, particularly in home care and outdoor sports [3][4] Industry Summary - Exoskeleton robots are being utilized in multiple sectors, including agriculture and elder care, enhancing efficiency and reducing physical strain for users [2][4] - The technology features a lightweight design (1.2 kg) and can support up to 200 kg of instantaneous force, with an AI system that adjusts assistance based on terrain, saving users 30% to 50% of their energy [2][3] Market Performance - Several companies in the exoskeleton robot sector have seen significant stock price increases, with some rising over 70% since the beginning of the year [4][5] - Notable companies like Aoshark Intelligent and Yulong Robotics have secured substantial funding to accelerate the production of consumer-grade exoskeleton robots [4][5] Future Outlook - The global exoskeleton robot market is projected to grow from $1.8 billion last year to over $12 billion by 2030, with a compound annual growth rate (CAGR) of 28% [6] - The integration of exoskeleton technology into China's "14th Five-Year Plan" and its inclusion in medical insurance reimbursement policies are expected to further drive market growth [6]

Investment Rating - The report maintains a "Recommendation" rating for the humanoid robotics industry, indicating a positive outlook for the sector's fundamentals and expected performance exceeding the benchmark index [6]. Core Insights - The humanoid robotics sector is experiencing significant investment activity, with multiple companies securing substantial funding rounds, indicating strong market interest and growth potential [5][10][12]. - Partnerships between major tech firms, such as Huawei and UBTECH, are expected to enhance product development and application in industrial and household scenarios, further driving industry growth [2]. - The report highlights the emergence of autonomous logistics as a rapidly deployable application for embodied intelligence, with the potential to unlock a market exceeding 100 billion [12]. Summary by Sections Investment Activities - Skild AI is set to complete a $500 million financing round at a valuation of $4.2 billion, led by SoftBank and other prominent investors, aimed at expanding its robotics capabilities [1]. - Qianjue Robotics announced the completion of a multi-million angel round financing to accelerate technology development and product iteration [3]. - Ziyuan Robotics completed a multi-million A round financing, with funds directed towards the development of its end-to-end embodied intelligence model [5]. Strategic Partnerships - Huawei and UBTECH signed a comprehensive cooperation agreement to innovate in humanoid robotics, leveraging Huawei's technological capabilities and UBTECH's expertise [2]. - Yujian Technology and Tencent Cloud have deepened their strategic cooperation to accelerate innovation in embodied intelligence technology across various applications [4]. Market Performance - The humanoid robotics industry has shown strong performance metrics, with a notable increase in stock prices for key players, indicating robust investor confidence [17]. - The report outlines a significant increase in the number of financing events in the humanoid robotics sector, reflecting a growing interest from venture capital and institutional investors [18][20].

Core Viewpoint - The article highlights the upcoming "2025 China Welding Industry Forum" focusing on robotics and intelligent welding technology, emphasizing its significance in various industries and the participation of experts and companies in the field [3][4]. Group 1: Event Overview - The "2025 China Welding Industry Forum" will take place from June 15-17, 2025, in Jiaxing, a city known for its rich cultural history and scenic water towns [3]. - The forum is organized by the China Welding Association, with support from various academic and industry organizations, aiming to discuss advanced technologies and applications in welding [3][4]. Group 2: Topics and Presentations - The forum will feature 15 specialized reports from renowned experts in the field, covering topics such as intelligent welding robots, bridge welding technology, and applications in various sectors including shipbuilding, automotive, and renewable energy [6][7][8]. - Notable presentations include discussions on the current status and future prospects of embodied intelligent welding robots and innovative welding techniques used in major infrastructure projects like the Hong Kong-Zhuhai-Macao Bridge [6][7]. Group 3: Participation and Registration - The forum invites leaders from industry regulatory bodies, manufacturing units, and academic institutions to participate, fostering collaboration and knowledge exchange [4][6]. - Registration details include a fee of 1,500 yuan per person for general attendees, while special guests and presenters are exempt from fees [11][13].

在汽车制造领域，冲压工艺是车身覆盖件（如车门、侧围、引擎盖等）生产的核心环节。传统冲压产线依 赖人工上下料，面临效率低、工作环境恶劣（噪声、高温、粉尘）及安全隐患等问题，同时劳动力成本上 升与青年从业者流失加剧了行业自动化转型的迫切性。根据市场研究，工业机器人在冲压环节的渗透率逐 年提升，尤其在新能源汽车快速发展的背景下， 大负载、高精度、高稳定性 的冲压自动化解决方案成为车 企降本增效的关键需求。 针对行业痛点，埃斯顿成功交付 国内首条全国产大负载机器人汽车覆盖件冲压线 ，标志着国产冲压自动化 技术的重大突破。该方案实现了全线集成控制，覆盖从 拆垛、清洗、冲压到搬运 的全工艺流程。在新能源 汽车车身制造中，该方案通过高精度定位与多机器人协同，解决了传统工艺中因设备响应延迟、工序衔接 效率低导致的节拍不稳定、材料损耗高等难题，助力车企实现轻量化与降碳目标。 大负载冲压线整线解决方案 埃斯顿自成立以来深耕冲压自动化领域，依托30年的技术沉淀，构建了从核心零部件到整线集成的全产业 链能力。其自主研发的 ER150-3200-PR大负载冲压专用机器人 ，专为汽车车身覆盖件冲压等大负载冲 压场景设计。 1、超大负载与 ...