Core Viewpoint - The launch of the first humanoid robot by Tuosida marks a significant milestone in the robotics industry, particularly for Dongguan's manufacturing sector, transitioning from a "follower" to a "leader" in product development [1]. Company Summary - Tuosida, recognized as one of the "Seven Swordsmen" of Guangdong's robotics industry, has introduced a humanoid robot designed to collaborate with existing robotic arms [1]. - The humanoid robot operates on a "specialized + general" dual-track model, aiming to create new opportunities in the trillion-level general manufacturing automation market [1]. Industry Summary - The introduction of this humanoid robot signifies a pivotal advancement for Dongguan's manufacturing capabilities, enhancing its position in the robotics field [1]. - The development of humanoid robots in Dongguan is characterized by a built-in adaptability and practicality, indicating a strong industrial foundation from inception [1].

Core Insights - The company, Guangdong Tuosda Technology Co., Ltd., launched its first humanoid robot, "Xiao Tuo," during a global open day event, emphasizing its focus on high-end intelligent equipment and the application of AI technology in manufacturing [2][3]. Group 1: Product Development - "Xiao Tuo" is equipped with the Zhipu AI model, enabling it to perform complex task reasoning autonomously in warehouse and factory settings, thus achieving full-process automation from inspection to operation [2]. - The manufacturing of "Xiao Tuo" has largely achieved self-sufficiency, with core components processed using the DMU400 five-axis CNC machine from its subsidiary, Evermi, and key technologies developed in-house [3]. Group 2: Market Position and Strategy - The company has built a comprehensive injection molding solution service capability over 18 years, serving over 15,000 clients across various sectors, which provides a solid foundation for the application of humanoid robots [3]. - The chairman outlined a 20-year plan focusing on strengthening the core business in the first five years, enhancing equipment in the next five, and implementing AI in the physical world over the subsequent decade [4]. Group 3: Industry Collaboration - The establishment of the "Tuosda Humanoid Robot Ecological Innovation Alliance" aims to integrate resources from industry, academia, and research to accelerate the large-scale application and innovation of humanoid robots [4]. - The decision to launch a wheeled robot instead of a bipedal one is based on practicality and cost-effectiveness, as wheeled robots are deemed more suitable for industrial environments [4].

Core Insights - The company TuoSiDa officially launched its first humanoid robot "Xiao Tuo" during the "Global Open Day 2025" event in Dongguan [1][2] - "Xiao Tuo" is developed based on a pre-trained embodied model COT-VLA, enabling autonomous reasoning and decision-making for complex tasks [1][2] - The robot has undergone multiple validations in injection molding workshops, demonstrating its capability to automate the entire process from detection to operation [1][2] Technology and Innovation - "Xiao Tuo" integrates a 3D camera and AI visual inspection system to identify the quality of injection-molded parts in real-time [1][2] - The core components of "Xiao Tuo" are processed using TuoSiDa's subsidiary Evermi's DMU400 five-axis CNC machine, achieving high rigidity cutting with precision exceeding one-third of a human hair [1] - The company has made breakthroughs in key technologies such as servo control, with innovations in mechanical end-effector jitter suppression control technology applied to "Xiao Tuo" [1] Strategic Direction - TuoSiDa aims to consolidate and expand its main business while focusing on high-end intelligent equipment and the application of AI technology in manufacturing [2] - The company plans to deeply integrate processes and scenarios to address practical application challenges, ultimately establishing a sustainable business loop [2]

Core Viewpoint - The company,拓斯达, aims to strengthen and expand its core business while focusing on high-end intelligent equipment and the application of artificial intelligence in manufacturing scenarios [1] Group 1: Company Development - The chairman, 吴丰礼, outlined the future development direction of the company during the "拓斯达全球开放日2025" event [1] - The company plans to integrate humanoid robots deeply with processes and scenarios to address practical application challenges [1] Group 2: Product Launch - The CEO of 矩阵智拓, 黄晶, officially launched the first humanoid robot "小拓" aimed at the injection molding industry [1] - This launch signifies a critical step in the application of humanoid robots in industrial settings [1]

Group 1 - The core viewpoint of the news highlights the recent stock performance and financial metrics of TuoSiDa, indicating a decline in stock price and significant net outflow of funds [1] - As of September 12, TuoSiDa's stock price decreased by 2.02% to 38.87 CNY per share, with a total market capitalization of 18.54 billion CNY [1] - The company has seen a year-to-date stock price increase of 52.49%, with notable gains over the past 5, 20, and 60 trading days [1] Group 2 - TuoSiDa, established on June 1, 2007, specializes in providing industrial automation solutions and related equipment, with a revenue composition that includes smart energy and environmental management systems (31.50%) and industrial robots (29.39%) [2] - As of June 30, 2025, TuoSiDa reported a revenue of 1.086 billion CNY, a year-on-year decrease of 36.98%, and a net profit of 28.73 million CNY, down 19.75% [2] - The company has distributed a total of 284 million CNY in dividends since its A-share listing, with 48.18 million CNY distributed over the last three years [3] Group 3 - As of June 30, 2025, TuoSiDa had 87,200 shareholders, a decrease of 0.74% from the previous period, with an average of 3,806 circulating shares per shareholder [2] - The top shareholders include various ETFs, with notable increases in holdings from 华夏中证机器人ETF and 天弘中证机器人ETF [3]

Group 1 - The core viewpoint of the news is that TuoSiDa's stock price increased by 5.02% to 39.55 CNY per share, with a trading volume of 1.997 billion CNY and a turnover rate of 15.56%, resulting in a total market capitalization of 18.864 billion CNY [1] - TuoSiDa Technology Co., Ltd. is located in Dongguan, Guangdong Province, and was established on June 1, 2007, with its listing date on February 9, 2017. The company provides overall solutions and related equipment for industrial automation to downstream manufacturing clients [1] - The main business revenue composition includes: Smart Energy and Environmental Management Systems (31.50%), Industrial Robots and Automation Application Systems (29.39%), Injection Molding Machines and Supporting Equipment (21.05%), CNC Machine Tools (15.07%), and Others (3.00%) [1] Group 2 - Tianhong Fund has a fund among TuoSiDa's top ten circulating shareholders. The Tianhong CSI Robot ETF (159770) increased its holdings by 559,900 shares in the second quarter, holding a total of 3.027 million shares, accounting for 0.91% of circulating shares [2] - The Tianhong CSI Robot ETF (159770) was established on October 26, 2021, with a latest scale of 5.834 billion CNY. Year-to-date returns are 31.23%, ranking 1131 out of 4222 in its category; the one-year return is 84.07%, ranking 601 out of 3798; and since inception, the return is 5.51% [2] Group 3 - The fund managers of Tianhong CSI Robot ETF (159770) are Liu Xiaoming and Qi Shichao. Liu Xiaoming has a cumulative tenure of 6 years and 352 days, with a total fund asset scale of 16.3 billion CNY and the best fund return during his tenure being 57.89% [3] - Qi Shichao has a cumulative tenure of 233 days, with a total fund asset scale of 21.225 billion CNY and the best fund return during his tenure being 32.2% [3]

Group 1 - The core viewpoint of the news is that TuoSiDa's stock price increased by 5.02% to 39.55 CNY per share, with a trading volume of 1.997 billion CNY and a turnover rate of 15.56%, resulting in a total market capitalization of 18.864 billion CNY [1] - TuoSiDa Technology Co., Ltd. is located in Dongguan, Guangdong Province, established on June 1, 2007, and listed on February 9, 2017. The company provides overall solutions and related equipment for industrial automation to downstream manufacturing clients [1] - The main business revenue composition includes: Smart Energy and Environmental Management Systems (31.50%), Industrial Robots and Automation Application Systems (29.39%), Injection Molding Machines and Supporting Equipment (21.05%), CNC Machine Tools (15.07%), and Others (3.00%) [1] Group 2 - Among TuoSiDa's top ten circulating shareholders, Huaxia Fund's Huaxia Zhongzheng Robot ETF (562500) increased its holdings by 1.3327 million shares in the second quarter, holding a total of 7.4858 million shares, which accounts for 2.25% of the circulating shares [2] - The estimated floating profit from this increase is approximately 14.1482 million CNY [2] - The Huaxia Zhongzheng Robot ETF (562500) was established on December 17, 2021, with a latest scale of 14.471 billion CNY. Year-to-date returns are 30.96%, ranking 1141 out of 4222 in its category; the one-year return is 82.42%, ranking 670 out of 3798; and since inception, the return is 1.75% [2]

Group 1 - The core viewpoint of the news is that TuoSiDa's stock has seen a significant increase, with a rise of 5.02% to 39.55 yuan per share, and a trading volume of 1.999 billion yuan, indicating strong market interest [1] - TuoSiDa Technology Co., Ltd. is based in Dongguan, Guangdong, and was established on June 1, 2007, with its IPO on February 9, 2017. The company specializes in providing industrial automation solutions and related equipment to downstream manufacturing clients [1] - The revenue composition of TuoSiDa includes: 31.50% from smart energy and environmental management systems, 29.39% from industrial robots and automation applications, 21.05% from injection molding machines and supporting equipment, 15.07% from CNC machine tools, and 3.00% from other sources [1] Group 2 - From the perspective of fund holdings, one fund under Yingda has a significant position in TuoSiDa, with Yingda Flexible Allocation A (001270) holding 28,300 shares, accounting for 4.13% of the fund's net value, making it the fourth-largest holding [2] - Yingda Flexible Allocation A (001270) was established on May 7, 2015, with a latest scale of 696,700,000 yuan. The fund has achieved a year-to-date return of 21.48%, ranking 3537 out of 8175 in its category, and a one-year return of 45.9%, ranking 3160 out of 7982 [2]

Group 1 - The core viewpoint of the news is that TuoSiDa's stock price increased by 5.34% to 37.66 CNY per share, with a trading volume of 1.1 billion CNY and a turnover rate of 8.95%, resulting in a total market capitalization of 17.963 billion CNY [1] - TuoSiDa Technology Co., Ltd. is located in Dongguan, Guangdong Province, and was established on June 1, 2007, with its listing date on February 9, 2017. The company provides industrial automation solutions and related equipment to downstream manufacturing clients [1] - The main business revenue composition includes: Smart Energy and Environmental Management Systems (31.50%), Industrial Robots and Automation Application Systems (29.39%), Injection Molding Machines and Supporting Equipment (21.05%), CNC Machine Tools (15.07%), and Others (3.00%) [1] Group 2 - Tianhong Fund has increased its holdings in TuoSiDa, with the Tianhong CSI Robot ETF (159770) adding 559,900 shares in Q2, bringing its total holdings to 3.027 million shares, which accounts for 0.91% of the circulating shares [2] - The Tianhong CSI Robot ETF (159770) was established on October 26, 2021, with a latest scale of 5.834 billion CNY. It has achieved a year-to-date return of 28.18%, ranking 1281 out of 4222 in its category, and a one-year return of 76.93%, ranking 754 out of 3795 [2] Group 3 - The fund managers of Tianhong CSI Robot ETF are Liu Xiaoming and Qi Shichao. Liu has a cumulative tenure of 6 years and 349 days, managing a total fund size of 16.3 billion CNY, with the best fund return during his tenure being 56.82% and the worst being -46.54% [3] - Qi has a cumulative tenure of 230 days, managing a total fund size of 21.225 billion CNY, with the best fund return during his tenure being 33.36% and the worst being 4.17% [3]

Group 1 - The core point of the news is that TuoSiDa's stock price increased by 5.34% to 37.66 CNY per share, with a trading volume of 1.1 billion CNY and a turnover rate of 8.95%, resulting in a total market capitalization of 17.963 billion CNY [1] - TuoSiDa Technology Co., Ltd. is located in Dongguan, Guangdong Province, established on June 1, 2007, and listed on February 9, 2017. The company provides industrial automation solutions and related equipment to downstream manufacturing clients [1] - The main revenue composition of TuoSiDa includes: Smart Energy and Environmental Management Systems (31.50%), Industrial Robots and Automation Application Systems (29.39%), Injection Molding Machines and Supporting Equipment (21.05%), CNC Machine Tools (15.07%), and Others (3.00%) [1] Group 2 - From the perspective of TuoSiDa's top ten circulating shareholders, E Fund's ETF, "E Fund National Robot Industry ETF" (159530), entered the top ten shareholders in the second quarter, holding 1.7532 million shares, accounting for 0.53% of circulating shares, with an estimated floating profit of approximately 3.3486 million CNY [2] - The E Fund National Robot Industry ETF (159530) was established on January 10, 2024, with a latest scale of 1.654 billion CNY. Year-to-date returns are 29.97%, ranking 1186 out of 4222 in its category; the one-year return is 80.73%, ranking 647 out of 3795; and since inception, the return is 50.78% [2] Group 3 - The fund manager of E Fund National Robot Industry ETF (159530) is Li Shujian and Li Xu. As of the report, Li Shujian has a cumulative tenure of 2 years and 1 day, with a total fund asset size of 4.497 billion CNY and the best fund return during his tenure is 91.39% [3] - Li Xu has a cumulative tenure of 2 years and 288 days, with a total fund asset size of 7.796 billion CNY and the best fund return during his tenure is 105.21% [3] Group 4 - From the perspective of the fund's top holdings, E Fund National Robot Industry ETF (159530) holds 1.7532 million shares of TuoSiDa, accounting for 3.61% of the fund's net value, making it the sixth-largest holding, with an estimated floating profit of approximately 3.3486 million CNY [4]