Core Viewpoint - Shanghai Kepler Robotics Co., Ltd. is focusing on strategic partnerships with listed companies in the automotive and robotics supply chain rather than traditional financial investors to enhance its capabilities and resources in the humanoid robotics sector [6][10]. Financing and Investment - Kepler completed an A+ round of financing on July 9, 2023, with new investors including listed companies Taotao Automotive and Furande, alongside previous investors from its A and Pre-A rounds [6][7]. - The company aims to build an industrial chain resource and address key component shortages in humanoid robotics, emphasizing that financial investors may not provide the necessary industry empowerment [6][10]. Industry Collaboration - The seven listed companies involved in Kepler's financing primarily focus on upstream component manufacturing and material supply, which can be leveraged for humanoid robotics development [8]. - Kepler is forming joint ventures with some of its investors to enhance collaboration and resource integration, such as establishing a company focused on robotic dexterous hands [9]. Product Development Strategy - Kepler adopts a "hardware-first" approach, believing that a stable and cost-effective hardware foundation is crucial for success in the humanoid robotics market [12][13]. - The company is developing both bipedal humanoid robots and wheeled robots, with the latter being seen as a transitional form for factory deployment [16]. Market Potential and Challenges - The humanoid robotics market is expected to see significant growth, with Kepler projecting a production capacity of 500 units per year from its new assembly plant [17]. - The company anticipates that its humanoid robots will be commercially viable in industrial settings, particularly for repetitive tasks, despite current challenges in scaling production [14][18]. Financial Considerations - Kepler's pricing strategy aims to provide a cost advantage in the market, with its "Pioneer K2" robot priced at approximately $30,000, which is competitive compared to traditional labor costs [13][17]. - The company is cautious about overextending financially, focusing on product development and market readiness before pursuing large-scale financing [18].

Core Viewpoint - Kepler Robotics has adopted a unique financing strategy by attracting investments primarily from A-share listed companies in the automotive and robotics sectors, rather than traditional venture capital, to enhance its industrial capabilities and resources [1][7]. Financing Strategy - Kepler completed an A+ round of financing on July 9, 2023, bringing in two listed companies, Taotao Automotive and Furande, following previous rounds that included five other companies in the automotive and robotics supply chain [1][5]. - The CFO of Kepler emphasized that the focus this year is on building industrial chain resources and addressing key component shortages in humanoid robots, rather than seeking financial investors who may not provide industry empowerment [1][7]. Industry Collaboration - The seven listed companies involved in Kepler's financing are primarily engaged in upstream component manufacturing and materials supply, with one focused on downstream distribution [2]. - Kepler is collaborating with these companies to enhance various aspects of humanoid robotics, such as precision in joint movement control, environmental perception, and lightweight materials for robots [3][4][5]. Product Development and Market Strategy - Kepler is developing two types of robots: bipedal humanoid robots and wheeled robots, with the latter serving as a transitional form for factory deployment [14]. - The company aims to leverage partnerships with industry leaders to co-develop core components, ensuring that the robots meet industrial standards for performance and cost [8][14]. Market Positioning and Cost Efficiency - The pricing strategy for Kepler's humanoid robot, "Pioneer K2," is set at approximately $30,000 (around 220,000 RMB), which is competitive compared to other robots priced between 500,000 to 700,000 RMB [9][15]. - Kepler's robots are designed to operate in industrial settings, where the cost sensitivity is high, and the company anticipates a return on investment (ROI) within two years based on labor cost comparisons [14][15]. Production Capacity and Future Outlook - Kepler expects to ship around 100 units this year, with a target of scaling up to 1,000 units next year, supported by a new assembly factory in Foshan with an annual capacity of approximately 500 units [15]. - The company is focused on ensuring product quality through in-house manufacturing capabilities rather than relying on third-party production [15].

Investment Rating - Industry investment rating is "Overweight" [1] Core Viewpoints - The report highlights a new round of market momentum driven by advancements in robotics, particularly in humanoid robots, with a projected global demand of approximately 2 million units by 2030 [4][19] - Key recommended stocks include Xinjie Electric, Beite Technology, Hanwei Technology, Zhaowei Electromechanical, Hengli Hydraulic, and Nuwei Co., among others [2][4] - The report emphasizes the importance of tracking the humanoid robot sector, which is entering a critical growth phase [3][4] Summary by Sections Humanoid Robots - The humanoid robot industry is expected to see significant growth, with major projects and partnerships emerging, such as the procurement project by China Mobile for humanoid biped robots worth 124 million [9][19] - Companies like Tesla and Figure are ramping up production, with Figure planning to increase its humanoid robot output by three times in the upcoming months [10][19] Photovoltaic Equipment - The report notes an accelerated penetration of N-type technology, enhancing the competitive edge of leading companies in the sector [20] - It suggests focusing on companies that are innovating in cost-reduction technologies and expanding production capacity [20] Energy Storage - The energy storage sector is poised for growth due to favorable policies and increasing demand from both generation and user sides [20] - Key players in this space include companies involved in lithium battery systems and integrated storage solutions [20] Semiconductor Equipment - The semiconductor equipment market is projected to reach 140 billion by 2030, with a growing share from domestic manufacturers [4][20] Automation - The automation market is expected to grow significantly, with a market size of approximately 40 billion, projected to reach 55.7 billion by 2026 [4][20] Hydrogen Energy - The report highlights the potential of green hydrogen in achieving carbon neutrality, with a focus on companies that have integrated hydrogen production capabilities [21] Engineering Machinery - The report suggests monitoring leading companies in the engineering machinery sector, emphasizing those with product, scale, and cost advantages [4][20]

Group 1 - The human brain engineering sector experienced a slight increase of 0.41% on July 11, with a total capital outflow of 583.41 million [1] - A total of 21 stocks in the sector rose, while 8 stocks declined [1] - The top-performing stocks included Meihao Medical (+3.83%), Hanwei Technology (+2.72%), and Zhongke Information (+2.27%) [1] Group 2 - The stocks with the largest declines were ST Huatuo (-3.87%), Pulite (-1.94%), and Aipeng Medical (-1.72%) [1] - The overall market sentiment showed a mixed performance with significant capital movements in both rising and falling stocks [1]

Group 1 - The global humanoid robot market is projected to see sales of 1.24 million, nearly 3.4 million, and over 5 million units in 2025, 2030, and 2035 respectively, with corresponding market sizes of 63.39 billion, over 640 billion, and over 4000 billion yuan [1][2] - The CAGR for humanoid robot sales from 2025 to 2030 is approximately 94%, and from 2030 to 2035 is about 71%, indicating significant growth potential in the mid to long term [1][2] - The global multi-finger dexterous hand market is expected to exceed 5 billion USD by 2030, with a CAGR of 64.6% from 2024 to 2030 [2][3] Group 2 - China is rapidly catching up in the dexterous hand market, with companies like Yinshi Robotics and Aoyi Technology showing strong competitiveness [3] - In 2024, the sales volume of dexterous hands in China is expected to be 0.57 thousand units, with a CAGR of 90% projected until 2030, reaching over 340 thousand units [2][3] - The market share of dexterous hands in North America, Europe, and Asia-Pacific in 2024 is projected to be 32.56%, 25.25%, and 37.92% respectively [3] Group 3 - Key trends in dexterous hand technology include lightweight design, high biomimicry and freedom, primarily motor-driven systems, and a shift towards direct drive and composite transmission methods [4] - Recommended stocks in the dexterous hand and related components sector include Leisai Intelligent, Shuanglin Co., Wuzhou Xinchun, and Zhenyu Technology, among others [5]

Core Insights - The company has successfully completed its A+ round of financing, attracting investments from Furan De and Taotao Automotive, marking the third financing update in the past six months [1] - The company aims to leverage the sales channels and operational experience of Taotao Automotive to establish an independent brand in North America, initiating its global commercial expansion [1] Investment and Partnerships - The company has attracted a total of seven listed company investors, including Furan De, Taotao Automotive, Zhaofeng Co., Hanwei Technology, Qiaofeng Intelligent, Keli Sensor, and Weichuang Electric [2] - The strategic partnerships with these companies focus on enhancing various technical aspects of humanoid robots, such as control precision, environmental perception, and manufacturing accuracy [3][4] Product Development - The company has developed two humanoid robot models, the Pioneer K1 and Pioneer K2, with the latter being its fifth-generation product, standing 175 cm tall and weighing 75 kg, capable of working for eight hours on a one-hour charge [6] - The robots are designed for diverse applications, including smart manufacturing, logistics, security patrols, and educational purposes [6] Market Challenges - The company acknowledges multiple challenges in the commercialization of humanoid robots, including insufficient scene adaptability, high cost control difficulties, fragmented channel networks, and the lack of unified global market standards [6][7] - The company aims to build a "technology-channel-market" integrated approach to develop customized application solutions tailored to different regional markets [7]

证券代码：300007 证券简称：汉威科技 公告编号：2025-029 汉威科技集团股份有限公司 第六届董事会第二十一次会议决议公告 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、董事会会议召开情况 1、本次会议通知于 2025 年 7 月 4 日以邮件或通讯方式送达。 2、本次会议于 2025 年 7 月 8 日在公司会议室以现场结合通讯方式召开。 3、本次会议应参与表决董事 9 名，实际参与表决董事 9 名。 4、本次会议由董事长任红军先生主持，公司副总经理、董事会秘书肖锋先 生列席了会议。 二、董事会会议审议情况 1、审议通过《关于为控股子公司提供续贷担保的议案》 公司控股子公司嘉园环保有限公司因业务发展需要，拟向兴业银行股份有限 公司福州分行申请续贷，公司同意为嘉园环保该笔续贷提供不超过 2,850 万元的 连带责任保证担保。 具体内容详见同日刊登在巨潮资讯网（www.cninfo.com.cn）的《关于为控 股子公司提供续贷担保的公告》。 表决结果：9 票同意，0 票反对，0 票弃权。 三、备查文件 1、第六届董事会第二十一次会议决议； 2、深 ...

证券代码：300007 证券简称：汉威科技 公告编号：2025-030 汉威科技集团股份有限公司 关于为控股子公司提供续贷担保的公告 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。 一、担保情况概述 汉威科技集团股份有限公司（以下简称"公司"）控股子公司嘉园环保有限 公司（以下简称"嘉园环保"）因业务发展需要，拟向兴业银行股份有限公司福 州分行申请续贷，公司拟为其续贷提供担保。公司于 2025 年 7 月 8 日召开第六 届董事会第二十一次会议，审议通过了《关于为控股子公司提供续贷担保的议案》， 同意为嘉园环保该笔续贷提供不超过 2,850 万元的连带责任保证担保。 根据《深圳证券交易所创业板股票上市规则》、《公司章程》和公司《对外 担保管理制度》等规章制度的要求，本次担保事项属于董事会决策权限内，无需 提交股东大会审议。 二、被担保人基本情况 被担保人：嘉园环保有限公司 统一社会信用代码：913501002605705872 股权结构：嘉园环保为公司控股子公司，公司持有其 83.90%股权，陈泽枝 持有其 10.58%股权，李泽清持有其 5.52%的股权。 ...

证券代码：300007 证券简称：汉威科技 公告编号：2025-031 汉威科技集团股份有限公司 关于控股子公司为其下属子公司提供担保的公告 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。 一、担保情况概述 汉威科技集团股份有限公司（以下简称"公司"）二级控股子公司福建恒嘉 环保设备有限公司（以下简称"福建恒嘉"）因业务发展需要，向中国光大银行 股份有限公司福州分行申请为现有人民币 700 万元存量贷款办理无还本续贷。公 司控股子公司嘉园环保有限公司（以下简称"嘉园环保"）为其全资子公司福建 恒嘉该笔无还本续贷提供不超过 700 万元的连带责任保证担保。近日，嘉园环保 与中国光大银行股份有限公司福州分行于福州市签署了《最高额保证合同》。 被担保人：福建恒嘉环保设备有限公司 统一社会信用代码：9135012179609462XN 注册资本：1,000 万元 注册地址：福州市闽侯经济技术开发区企兰路 1 号 成立日期：2007 年 1 月 8 日 法定代表人：陈新芳 经营范围：环保设备、环保材料、机电设备的研发、制造、销售、安装；房 屋建筑工程的设计、施工。（依法 ...

Group 1 - Hanwei Technology has experienced a decline for five consecutive trading days, with a cumulative drop of -7.46% [1] - Hanwei Technology Group Co., Ltd. (stock code: 300007) is a reputable innovative technology company, known for gas sensors and instruments manufacturing, as well as IoT solutions [1] - The company aims to empower various sectors, continuously creating new value in production and life [1] Group 2 - Penghua Fund's Penghua Carbon Neutrality Theme Mixed A Fund has entered the top ten shareholders of Hanwei Technology, marking a new investment in the first quarter of this year [1] - The fund has achieved a year-to-date return of 40.07%, ranking 77th among 4,529 similar funds [2] - The fund manager, Yan Siqian, has a background in securities analysis and fund management, having joined Penghua Fund in January 2022 [3][4]