二、股东股份累计质押的情况 截至本公告披露日，上述股东及其一致行动人宁波中大力德投资有限公司、 慈溪德立投资管理合伙企业（有限合伙）、慈溪德正投资管理合伙企业（有限合 伙）（以下简称"中大投资"、"德立投资"、"德正投资"）所持股份质押情 况如下： | | | | | | | 已质押股份情况 | | 未质押股份情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 合计占 | 合计占 | （解除质押适用） | | （解除质押适用） | | | 股东 | 持股数 | 持股比 | 累计被 | 其所持 | 公司总 | 已质押股 | 占已质 | 未质押股 | 占未质 | | 名称 | 量（股） | 例（%） | 质押数 | 股份比 | 股本比 | 份限售和 | | | | | | | | 量（股） | | | | 押股份 | 份限售和 | 押股份 | | | | | | 例（%） | 例（%） | 冻结、标 | 比例 | 冻结合计 | 比例 | | | | | | | | 记合计数 量（股） | （%） | 数量（股 ...

Core Viewpoint - The robotics ETF (159770) is experiencing significant growth, with a notable increase in net subscriptions and a strong performance in the underlying robotics sector, indicating a favorable investment environment in the robotics industry driven by domestic substitution and technological advancements [1][2]. Group 1: ETF Performance - As of November 21, 2025, the robotics ETF (159770) had a turnover of 3.27% and a transaction volume of 313 million yuan, ranking first among similar products in the Shenzhen market [1]. - The ETF has seen a substantial increase in scale, growing by 944.5 million yuan over the past month, reaching a new high of 9.877 billion shares [2]. - The ETF has recorded continuous net inflows over the past 26 days, totaling 1.813 billion yuan, with a peak single-day inflow of 285 million yuan [2]. Group 2: Industry Trends - The A-share robotics sector is showing resilience, with several stocks experiencing significant rebounds despite a general market downturn, including notable gains from companies like Weichuang Electric and Siling Co., which rose over 5% [2]. - The industrial robotics industry in China is maintaining a high growth rate, with production reaching 57,900 units in October 2025, a year-on-year increase of 17.9%, and a cumulative production of approximately 602,700 units in the first ten months, reflecting a 28.8% increase [5]. - The industry is expected to continue its upward trajectory, driven by the implementation of key projects and deepening equipment renewal policies, which are likely to enhance overall market conditions [5]. Group 3: Technological Developments - The Hubei provincial government is promoting the integration of the Beidou system with robotics and other industries, emphasizing the development of new application scenarios such as "Beidou + humanoid robots" and "Beidou + artificial intelligence" [3]. - Amazon's Zoox has launched a user waitlist for its autonomous taxi service in San Francisco, marking a significant step in the commercialization of self-driving technology and increasing competition in the autonomous vehicle market [4][5].

Group 1 - The stock price of Zhongda Lide has increased by 5.09% to 88.80 CNY per share, with a trading volume of 662 million CNY and a turnover rate of 3.93%, resulting in a total market capitalization of 17.451 billion CNY [1] - Zhongda Lide has experienced a continuous increase in stock price for four consecutive days, with a cumulative increase of 5.06% during this period [1] - The company, established on August 28, 2006, and listed on August 29, 2017, specializes in the research, production, sales, and service of key components in the mechanical transmission and control application fields [1] Group 2 - The main business revenue composition of Zhongda Lide includes: intelligent execution units (38.49%), reduction motors (37.00%), precision reducers (22.41%), other (1.30%), and accessories (0.80%) [1] - In the third quarter, the Invesco Great Wall National Robot Industry ETF (159559) entered the top ten circulating shareholders of Zhongda Lide, holding 721,100 shares, which accounts for 0.37% of the circulating shares [2] - The Invesco Great Wall National Robot Industry ETF has achieved a year-to-date return of 20.71% and a one-year return of 18.07%, ranking 2431 out of 4208 and 2305 out of 3972 in its category, respectively [2]

Group 1 - The company, Zhongdali De, announced the establishment of a wholly-owned subsidiary in Japan, with the board meeting held on April 28, 2025, approving the investment proposal [2] - The registration and documentation process for the subsidiary has been completed, and the company has received the registration certificate from the local authorities [2]

Group 1 - The company, Zhongdali De (002896.SZ), announced plans to establish a joint venture named Foshan Tianyuan Transmission Technology Co., Ltd. with related parties [1] - The total investment for the joint venture is set at RMB 8 million, with the company contributing RMB 3.2 million, representing 40% of the total investment [1] - The joint venture will focus on the research, development, production, and sales of plastic gearboxes and related products [1] Group 2 - The investment structure includes contributions from other parties: Ceng Guojian (RMB 1.6 million, 20%), Li Qing (RMB 1.2 million, 15%), Liang Guangwei (RMB 1.2 million, 15%), and Beijing Qunyu Intelligent Manufacturing Technology Co., Ltd. (RMB 800,000, 10%) [1]

Group 1 - The company plans to establish a joint venture named Foshan Tianyuan Transmission Technology Co., Ltd. with related parties [1] - The total investment for the joint venture is set at RMB 8 million, with the company contributing RMB 3.2 million, accounting for 40% of the total investment [1] - The joint venture will focus on the research, development, production, and sales of plastic gearboxes and related products [1] Group 2 - The investment structure includes contributions from other parties: Ceng Guojian (RMB 1.6 million, 20%), Li Qing (RMB 1.2 million, 15%), Liang Guangwei (RMB 1.2 million, 15%), and Beijing Qunyu Intelligent Manufacturing Technology Co., Ltd. (RMB 800,000, 10%) [1]

Core Viewpoint - The company plans to establish a joint venture named Foshan Tianyuan Transmission Technology Co., Ltd. with several related parties to capitalize on the growing demand for plastic gearboxes in high-tech industries [1] Investment Details - The total investment for the joint venture is set at RMB 8 million, with the company contributing RMB 3.2 million, accounting for 40% of the total investment [1] - Other contributors include: - Ceng Guojian: RMB 1.6 million (20%) - Li Qing: RMB 1.2 million (15%) - Liang Guangwei: RMB 1.2 million (15%) - Beijing Qunyu Intelligent Manufacturing Technology Co., Ltd.: RMB 800,000 (10%) [1] Market Opportunity - The joint venture will focus on the research, production, and sales of plastic gearboxes and related products [1] - There is an increasing market demand for plastic gearboxes driven by the rapid development of precision instruments, robotics, smart home devices, automotive electronics, and medical equipment [1] - The market requires plastic gearboxes to have high precision, low noise, long lifespan, and miniaturization [1]

Group 1 - Company Zhongdali De (SZ 002896) announced on November 19 that its fourth board meeting will be held via telecommunication to discuss the establishment of a joint venture with related parties [1] - For the first half of 2025, Zhongdali De's revenue is entirely derived from the general equipment manufacturing industry, accounting for 100.0% [1] - As of the report date, Zhongdali De has a market capitalization of 16.6 billion yuan [1]

Core Viewpoint - The company has established a wholly-owned subsidiary in Japan, indicating a strategic expansion into the Japanese market [1] Group 1 - The board meeting to approve the establishment of the subsidiary was held on April 28, 2025 [1] - The newly established subsidiary is named Zhongda Lide (Japan) Intelligent Transmission Company [1] - The registered capital of the subsidiary is 30 million Japanese yen [1] Group 2 - The subsidiary is located in Kawagoe City, Saitama Prefecture, Japan [1] - The establishment date of the subsidiary is November 10, 2025 [1] - The business scope includes manufacturing, sales, and import-export of reduction motors, reducers, drivers, and related precision components, as well as relevant technology research and consulting services [1]

Core Viewpoint - The company plans to establish a joint venture named Foshan Tianyuan Transmission Technology Co., Ltd. with several related parties, aiming to capitalize on the growing demand for plastic gearboxes in high-tech industries [1] Investment Details - The total investment for the joint venture is set at RMB 8 million, with the company contributing RMB 3.2 million, accounting for 40% of the total investment [1] - Other contributors include: - Ceng Guojian: RMB 1.6 million (20%) - Li Qing: RMB 1.2 million (15%) - Liang Guangwei: RMB 1.2 million (15%) - Beijing Qunyu Zhizao Technology Co., Ltd.: RMB 800,000 (10%) [1] Market Opportunity - The joint venture will focus on the research, development, production, and sales of plastic gearboxes and related products [1] - There is an increasing market demand for plastic gearboxes driven by the rapid development of precision instruments, robotics, smart home devices, automotive electronics, and medical equipment [1] - The market requires plastic gearboxes to have high precision, low noise, long lifespan, and miniaturization [1]