Core Viewpoint - Xiangxin Technology held an online performance briefing on September 19, 2025, discussing its business strategies and future outlook, particularly in the energy storage and robotics sectors [1] Group 1: Energy Storage and Robotics - The company signed energy storage orders focusing on commercial energy storage needs, emphasizing safety and longevity, with a competitive edge in a growing market over the next six years, but did not specifically compare its products to Tesla's [1] - Xiangxin Technology holds a 1.25% stake in Nuwa Robotics, which combines software tools with cost-effective hardware to provide multi-scenario solutions, having secured partnerships with major firms like SoftBank [1] - The second-generation dexterous hand is ready for mass production, designed to adapt to production line needs, but the monthly shipment volume was not disclosed [1] Group 2: Capacity Expansion and Production Planning - The company is implementing a dual-engine mechanism focusing on core business improvement and capturing emerging opportunities, with strategic directions including low-altitude economy [1] - Xiangxin Technology is establishing dedicated production lines for liquid cooling technology and dexterous hands, preparing for large-scale production [1] - The company supplies lightweight automotive structural components to clients in China and Mexico, while also focusing on the development of the robotics industry [1] Group 3: Financial Performance and Market Strategy - Specific details regarding the orders and revenue proportions for robotics and liquid cooling products were not disclosed due to confidentiality [1] - The company has developed a micro-channel liquid cooling module for servers, featuring a 0.15mm channel width and a 250% increase in heat exchange area [1] - The company aims to enhance operational efficiency and resilience against risks by focusing on core business and optimizing product structure in the second half of the year [1] Group 4: Future Business Outlook - The company plans to solidify its automotive and photovoltaic storage businesses while expanding into computing servers and humanoid robotics, currently engaging with leading companies in these sectors [1] - Future revenue contributions from humanoid robotics and liquid cooling products over the next three to five years were not specified [1] - The company is collaborating with major international clients, including Benteler and Faurecia, across various industries, but specific order details remain undisclosed [1]

Core Viewpoint - Xiangxin Technology (002965.SZ) is focusing on the robotics sector, particularly in dexterous hands and lightweight robotic arms, and has successfully launched its second-generation dexterous hand product [1] Group 1: Robotics Business - The company has established deep partnerships with leading domestic and international robotics firms [1] - To meet future market demands, the company is constructing dedicated production lines for dexterous hands and specialized factories for computing power servers [1] - The company has successfully launched a second-generation dexterous hand product [1] Group 2: Liquid Cooling Solutions - The company supplies liquid cooling server products to firms such as Super Fusion, Huakun Zhenyu, and ZTE Kangxun [1] - It has developed liquid cooling solutions suitable for both vehicle-mounted and computing power servers, with the vehicle-mounted liquid cooling system already achieving large-scale application [1]

Group 1: Business Overview - The company focuses on core businesses such as electric vehicle components, energy storage, and emerging opportunities in low-altitude economy and humanoid robots [4][10] - The company has established a dual-engine mechanism of "core business refinement + new opportunity capture" to enhance competitiveness [4][10] Group 2: Product Development - The second-generation dexterous hand has been launched, with a planned annual production capacity of 30,000 units [7][10] - The company has developed a micro-channel liquid cooling module with a channel width of 0.15mm, increasing heat exchange area by 250% [7][10] Group 3: Market Strategy - The company aims to expand its market share in the liquid cooling and humanoid robot sectors, leveraging partnerships with major clients like SoftBank and Amazon [3][10] - The company is actively engaging with leading domestic and international enterprises to enhance its international competitiveness [8][10] Group 4: Financial Performance - The company anticipates a production peak in the electric vehicle sector starting in Q2, with potential sales growth in Q3 and Q4 [8][10] - The company emphasizes improving operational efficiency and converting existing orders into revenue to enhance resilience against market risks [8][10] Group 5: Investor Relations - The company is committed to high-quality development and effective investor relations management to enhance shareholder value [6][10] - The management expresses confidence in the company's future growth despite recent stockholder concerns regarding share reductions [6][10]

Core Viewpoint - Xiangxin Technology (002965.SZ) is focusing on humanoid robots as a core strategic direction, emphasizing the development of intelligent strategies and components for industrial applications [1] Group 1: Product Development - The company has successfully developed two generations of dexterous hands, achieving a balance in demand, efficiency, quality, cost, and lifespan for industrial applications [1] - The first generation LH-H01 series dexterous hand utilizes a bionic structure and intelligent algorithms, featuring 15 degrees of freedom and 20 motion joints, enabling it to replicate human hand movements [2] - The second generation dexterous hand has been designed to be lighter, smaller, and more cost-effective, with a weight reduction of 17% to 725g while enhancing static load capacity [4] Group 2: Technological Advancements - The first generation's core competitive advantage lies in its self-developed force-position hybrid control algorithm, allowing for adaptive and safe grasping of various objects without relying on tactile sensors [2] - The second generation features 16 tactile sensor modules and a precision of ±0.09mm for fingertip positioning, upgrading from "blind control" to "perception closed-loop" [5] - The second generation has undergone extensive testing, achieving a lifespan improvement of over three times compared to the first generation [4] Group 3: Market Application - The first generation dexterous hand has been successfully applied in welding production lines, enhancing product quality and operational efficiency [3] - The second generation is designed to meet the actual needs of production lines, capable of handling diverse and irregular components, thus facilitating flexible production scenarios [5] Group 4: Strategic Vision - Xiangxin Technology's product iterations reflect a clear evolution in dexterous hand technology, transitioning from basic functionality to stability and long-term usability [7] - The company is pursuing a dual strategy of internal research and external investments, collaborating with institutions like the Guangdong Academy of Sciences to enhance its humanoid robot ecosystem [7]

Core Viewpoint - Xiangxin Technology's stock has shown significant volatility and growth, with a year-to-date increase of 78.98% and a recent uptick of 2.00% on September 17, 2023, indicating strong market interest and trading activity [1]. Financial Performance - For the first half of 2025, Xiangxin Technology reported a revenue of 3.572 billion yuan, reflecting a year-on-year growth of 13.25%, while the net profit attributable to shareholders decreased by 36.37% to 112 million yuan [2]. - The company has distributed a total of 424 million yuan in dividends since its A-share listing, with 309 million yuan distributed over the past three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders increased by 33.18% to 41,500, with an average of 4,802 circulating shares per person, a decrease of 2.39% [2]. - Notable changes in institutional holdings include an increase in shares held by Penghua Carbon Neutral Theme Mixed A and the entry of new shareholders such as Yongying Advanced Manufacturing Intelligent Selection Mixed Fund A and Huazhong Media Internet Mixed Fund A [3]. Business Overview - Xiangxin Technology, established in May 2004 and listed in October 2019, specializes in the research, production, and sales of precision stamping molds and metal structural components, with a significant focus on the new energy vehicle sector [2]. - The revenue breakdown shows that precision stamping molds and metal structural components for new energy vehicles account for 54.24% of total revenue, followed by fuel vehicles at 17.30%, energy storage equipment at 16.41%, and communication equipment at 10.21% [2].

Core Viewpoint - The company announced that several executives, including the director and vice president, have reduced their shareholdings in the company during a specified period, indicating potential insider sentiment regarding the company's stock performance [1] Summary by Relevant Categories Shareholding Reduction - The company’s director and vice president, along with the board secretary, reduced their holdings from June 17, 2025, to September 16, 2025 [1] - The total shares reduced amounted to 234,300 shares, which represents 0.0883% of the company's total share capital [1] Individual Executives' Transactions - Executive Chen Zhenhai sold 86,500 shares at an average price of 42.63 yuan per share [1] - Executive Li Yanhong sold 64,000 shares at an average price of 44.84 yuan per share [1] - Executive Xie Hongxin sold 83,800 shares at an average price of 42.54 yuan per share [1]

证券代码：002965 证券简称：祥鑫科技 公告编号：2025-050 祥鑫科技股份有限公司 关于公司部分董事、高级管理人员减持计划实施完成的公告 本公司董事、副总经理和董事会秘书陈振海先生、财务负责人李燕红女士、副总经理 谢洪鑫先生保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述 或重大遗漏。 祥鑫科技股份有限公司（以下简称"公司"）于 2025 年 05 月 24 日披露了《关于公 司部分董事、高级管理人员减持公司股份的预披露公告》（公告编号：2025-032），公司 董事、副总经理和董事会秘书陈振海先生、财务负责人李燕红女士、副总经理谢洪鑫先 生计划自该公告披露之日起 15 个交易日后的三个月内（即 2025 年 06 月 17 日起至 2025 年 09 月 16 日止，法律法规规定不得减持的期间除外）以集中竞价方式分别减持公司股 份不超过 66,612 股、49,250 股、64,834 股，不超过其持有公司股份总数的 25%。若公 司在减持计划实施期间有送股、资本公积金转增股本、配股等股份变动事项的，减持股 份数量将依据公司股本变动进行相应调整。 公司近日收到董事、副总经理和董 ...

证券代码：002965 证券简称：祥鑫科技 公告编号：2025-049 本次活动 将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net）参与本次互动交流，活动时间为 2025 年 09 月 19 日（星期五） 15:30-17:00。届时公司高管将在线就公司 2025 年半年度业绩、公司治理、发展战略、 经营状况、融资计划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通 与交流，欢迎广大投资者踊跃参与。 特此公告。 祥鑫科技股份有限公司 关于参加 2025 年广东辖区投资者集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，祥鑫科技股份有限公司（以下简称"公司"） 将参加由广东证监局、广东上市公司协会联合举办的"向新提质 价值领航——2025 年 广东辖区投资者集体接待日暨辖区上市公司中报业绩说明会"，现将相关事项公告如下： 祥鑫科技股份有限公司董事会 2025 年 09 月 16 日 ...

Company Overview - Xiangxin Technology Co., Ltd. is located in Dongguan, Guangdong Province, established on May 20, 2004, and listed on October 25, 2019. The company specializes in the research, production, and sales of precision stamping molds and metal structural components [2] - The main business revenue composition includes: precision stamping molds and metal structural components for new energy vehicles (54.24%), fuel vehicles (17.30%), energy storage equipment (16.41%), communication equipment and other components (10.21%), and other income (1.83%) [2] - As of June 30, 2025, the number of shareholders is 41,500, an increase of 33.18% from the previous period, with an average of 4,802 circulating shares per person, a decrease of 2.39% [2] Financial Performance - For the first half of 2025, Xiangxin Technology achieved operating revenue of 3.572 billion yuan, a year-on-year increase of 13.25%, while the net profit attributable to the parent company was 112 million yuan, a year-on-year decrease of 36.37% [2] - The company has distributed a total of 424 million yuan in dividends since its A-share listing, with 309 million yuan distributed in the past three years [3] Stock Market Activity - On September 12, the stock price of Xiangxin Technology fell by 2.02%, trading at 43.68 yuan per share, with a total market capitalization of 11.592 billion yuan [1] - Year-to-date, the stock price has increased by 68.53%, with a 1.79% increase over the last five trading days, a 7.26% decrease over the last 20 days, and an 18.28% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on July 29, where it recorded a net buy of 91.4611 million yuan [1] Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, Penghua Carbon Neutral Theme Mixed A (016530) is the second-largest shareholder with 9.7044 million shares, an increase of 3.0705 million shares from the previous period [3] - New institutional shareholders include Yongying Advanced Manufacturing Smart Selection Mixed Fund A (018124) and several others, while Hong Kong Central Clearing Limited has exited the top ten circulating shareholders list [3]

Group 1: Key Insights on Xiangxin Technology (002965.SZ) - The company reported a revenue of 3.6 billion yuan in Q2 2025, representing a year-on-year increase of 22% and a quarter-on-quarter increase of 18% [8] - The automotive parts and accessories manufacturing segment saw a revenue of 1.94 billion yuan, accounting for 54% of total revenue, with a year-on-year growth of 3% [8] - The company is focusing on liquid cooling solutions for servers and robotics, with significant investments in R&D, leading to a 18% increase in R&D expenses [9][10] Group 2: Financial Performance and Projections - For H1 2025, the company achieved a total revenue of 3.6 billion yuan, with a net profit of 110 million yuan, reflecting a year-on-year decrease of 36% [6] - The projected net profits for 2025-2027 are estimated at 350 million, 500 million, and 630 million yuan respectively, with corresponding PE ratios of 33, 23, and 18 [10] Group 3: Industry Context and Growth Opportunities - The company is capitalizing on the growth of the new energy vehicle market, which saw a total sales volume of 6.94 million units, a year-on-year increase of 40% [8] - The communication equipment manufacturing sector is also experiencing growth, with the company’s revenue from this segment reaching 360 million yuan, a year-on-year increase of 146% [8] - The company is developing liquid cooling solutions for both automotive and computing servers, indicating a strategic shift towards high-growth technology sectors [10]