Core Viewpoint - The stock price of Tuosda has experienced a decline of 2.79% since the beginning of the year, with a recent drop of 2.02% on January 7, 2025, indicating potential concerns among investors regarding the company's performance and market conditions [1][2]. Company Overview - Tuosda Technology Co., Ltd. is located in Dongguan, Guangdong Province, and was established on June 1, 2007. The company went public on February 9, 2017, and specializes in providing industrial automation solutions and related equipment to downstream manufacturing clients [2]. - The company's revenue composition 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 [2]. Financial Performance - For the period from January to September 2025, Tuosda reported a revenue of 1.688 billion yuan, representing a year-on-year decrease of 24.49%. However, the net profit attributable to shareholders reached 49.3365 million yuan, showing a significant year-on-year increase of 446.75% [2]. - Since its A-share listing, Tuosda has distributed a total of 284 million yuan in dividends, with 48.1781 million yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, Tuosda had 71,600 shareholders, a decrease of 17.93% from the previous period. The average number of circulating shares per shareholder increased by 21.85% to 4,638 shares [2]. - The top shareholders include the E Fund National Robot Industry ETF, which holds 10.8108 million shares, and the Huaxia CSI Robot ETF, holding 9.2021 million shares, both of which have increased their holdings compared to the previous period [3].

记者丨 程浩 于长洹 编辑丨蒋韵 2026年伊始，"世界工厂"东莞，已经呈现出一派火热的繁忙景象。元旦假期涌动的人流、生产 线上轰鸣的机器、实验室中奔忙的科技人员……一幅幅热火朝天的拼经济画卷正在铺展。 元旦假期刚过，东莞就召开了"新年第一会"。1月5日，中国共产党东莞市第十五届委员会第十 一次全体会议暨市委经济工作会议召开。 开局关乎全局，起步决定走势。2026年是"十五五"开局之年，会议指出，要实现战略目标，必 须在"十五五"开局之年打响第一炮、力争开门红。 当前，东莞正处于承前启后、转型跨越的关键时期，在"智创优品、和美宜居"的战略目标下， 东莞进一步提出实施"九大行动"的思路举措，力争在湾区引领、动力引领、科创引领、产业提 升、消费投资提振、环境提升、品质民生建设、全域文明建设和治理效能建设等九个方面取得 新突破。 "开局即冲刺" 刚刚过去的2025年，东莞交出了一份殊为不易的答卷。 过去一年来，东莞工业投资增30%， 其中高技术产业投资超800亿元；全市进出口总额创历史新高，空港中心进出口货值突破330亿 元；R&D投入占比达4.01%，位居全省第3…… 对于东莞而言，一个现实的问题，随着经济总量的 ...

Core Viewpoint - The stock price of TuoSiDa has experienced fluctuations, with a recent decline of 2.05% and a year-to-date drop of 1.28%, despite a 3.24% increase over the last five trading days [1][2]. Group 1: Stock Performance - As of January 6, TuoSiDa's stock price is reported at 32.52 CNY per share, with a market capitalization of 15.511 billion CNY [1]. - The stock has seen a 3.24% increase over the last five trading days and a 9.86% increase over the last 20 days, while it has decreased by 5.68% over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, TuoSiDa achieved a revenue of 1.688 billion CNY, representing a year-on-year decrease of 24.49%, while the net profit attributable to shareholders was 49.3365 million CNY, showing a significant year-on-year increase of 446.75% [2]. Group 3: Shareholder Information - As of September 30, 2025, TuoSiDa had 71,600 shareholders, a decrease of 17.93% from the previous period, with an average of 4,638 circulating shares per shareholder, which is an increase of 21.85% [2]. - The company has distributed a total of 284 million CNY in dividends since its A-share listing, with 48.1781 million CNY distributed over the last three years [3]. Group 4: Institutional Holdings - As of September 30, 2025, the second-largest circulating shareholder is the E Fund National Robot Industry ETF, holding 10.8108 million shares, an increase of 9.0576 million shares from the previous period [3]. - Other notable institutional shareholders include the Huaxia CSI Robot ETF and the Hong Kong Central Clearing Limited, both of which have increased their holdings [3].

长江商报消息 ●长江商报记者 沈右荣 知名工业机器人公司拓斯达（300607.SZ）筹划赴港上市。 2025年的最后一天，拓斯达发布公告，公司董事会审议通过赴港上市议案。赴港上市目的，是优化资本 结构，提升国际化水平，加快海外业务发展。 拓斯达赴港上市能否顺利，是个未知数。在宣布赴港上市前一天，拓斯达收到了广东证监局警示函、深 交所监管函。原因是，公司存在营业收入、成本核算不准确，应收账款坏账准备计提不准确，募集资金 使用不规范，内幕信息管理不规范等五方面违规行为。 拓斯达于2017年2月登陆A股市场，至今已经超过8年。此次被监管警示，是否会对其港股IPO产生不利 影响？ 拓斯达的经营业绩整体上不算理想。2020年，公司归母净利润达5.20亿元，2023年、2024年分别为0.88 亿元、-2.45亿元；2025年前三季度，归母净利润为0.49亿元，明显回暖，但尚未回到前期水平。 上市以来，拓斯达累计募资16.60亿元，累计分红2.84亿元。 备受关注的是，近期，拓斯达股东杨双保、黄代波均快速完成减持计划，合计套现2.95亿元。 涉及五项违规被警示 监管的一纸文书，暴露了拓斯达在经营管理方面的诸多问题。 近几 ...

Core Insights - The openGauss Summit 2025 successfully gathered top scholars, technical experts, industry users, and ecosystem partners to discuss the forefront of open-source database technology, ecological collaboration, and industry practices [1] Group 1: Awards and Recognition - The "2025 Annual openGauss Benchmark Application Practice" award was presented to the project "IntarkDB Embedded Database Industrial Robot Application Practice" by Tuosda and the National Innovation Center, recognized for its outstanding performance in application scale, demonstration value, and technological innovation [1] - The project is the only award-winning initiative among embodied intelligent robot companies in this evaluation [1] Group 2: Project Features and Innovations - The project serves as an important exploration in the intelligent evolution of industrial robots, providing reusable technical references for industry data infrastructure [2] - It meets the multi-modal data management needs of industrial robots, enabling efficient collaboration and supporting high-frequency data collection and high compression rates to optimize storage resources [2] - The project features an edge-side vector knowledge base to enhance AI inference efficiency and data interaction capabilities, along with a lightweight architecture design for quick integration, reducing system operation and governance costs [2] Group 3: Future Developments and Ecosystem - Tuosda plans to continue collaborating with the National Innovation Center to build a data foundation for embodied intelligence based on openGauss and IntarkDB, transforming industrial robots from traditional programming devices into intelligent entities with perception, decision-making, and execution capabilities [3] - The company is also working with industry-leading partners to create an open ecosystem, leveraging nearly 20 years of customer scenario accumulation to establish a commercial closed loop of "scenarios + robots + data + AI" [3] - This initiative aims to promote the sustainable evolution of the industry ecosystem and facilitate the large-scale implementation of embodied intelligence in real production environments, laying a solid technical and ecological foundation for flexible and adaptive production [3]

Group 1 - The company, Guangdong Tosstar Technology Co., Ltd., has announced the approval of a proposal to issue H-shares and list on the Hong Kong Stock Exchange to enhance sustainable development and international competitiveness [1] - The planned issuance will not exceed 15% of the total share capital post-issuance, with an overallotment option of up to 15% of the issued H-shares [1] - The funds raised will be allocated to technology research and development, global sales network expansion, brand building, manufacturing upgrades, and strategic investments [1] Group 2 - As the first listed robotics company in Guangdong Province, the company has a strong foundation in high-end five-axis machining centers and injection molding equipment, and is expanding its product matrix to include various types of robots [2] - The H-share listing is seen as a critical step in the company's strategy to enhance embodied intelligence, aiming to attract global long-term investors and drive innovation through capital [2] - The company is focused on integrating multimodal sensors for data collection and AI model optimization to improve the versatility of robots in complex industrial environments [2]

Group 1 - The company, Tuosida, responded to investor inquiries on an interactive platform, indicating that specific business and cooperation details should be based on publicly disclosed information [1]

Group 1 - The company, Tuosida, announced the approval of a proposal to issue H-shares and list on the Hong Kong Stock Exchange to enhance sustainable development and international competitiveness [1] - The proposed issuance will not exceed 15% of the total share capital post-issuance, with an option for overall coordinators to exercise an over-allotment option of up to 15% of the issued H-shares [1] - The raised funds will be allocated for technology research and product development, global sales network expansion, brand building, manufacturing upgrades, and strategic investments [1] Group 2 - Tuosida is the first listed company in Guangdong province in the robotics sector, with a focus on high-end equipment manufacturing including five-axis machining centers and injection molding equipment [2] - The company is expanding its product matrix to include diverse robotics such as Cartesian robots, articulated robots, collaborative robots, and humanoid robots, leveraging its expertise in high-end manufacturing [2] - By integrating multimodal sensors for spatial perception, visual recognition, and force feedback, the company aims to enhance the adaptability and generalization of its robots in complex industrial environments [2]

Core Viewpoint - The specific shareholder Yang Shuangbao of Guangdong Tosstar Technology Co., Ltd. has completed a share reduction plan ahead of schedule, having reduced his holdings by 5.6403 million shares, which is approximately 1.1938% of the company's total share capital, nearing the original planned reduction limit [1][2]. Group 1: Share Reduction Details - The share reduction plan was initially announced on December 1, 2025, with a timeline from December 5, 2025, to March 4, 2026, allowing for a maximum reduction of 5.6405 million shares [2]. - Yang Shuangbao has completed the reduction of 5.6403 million shares, which is only 169 shares short of the planned maximum, indicating a significant execution of the reduction strategy [2]. Group 2: Changes in Shareholding Structure - Following the reduction, Yang Shuangbao's total holdings decreased from 22.5623 million shares (4.7751% of total share capital) to 16.922 million shares (3.5814%), reflecting a decline of 1.1937 percentage points [3]. - The number of unrestricted shares held by Yang Shuangbao dropped significantly from 5.6406 million shares (1.1938%) to just 252 shares, indicating nearly complete divestment of unrestricted shares [3]. Group 3: Compliance and Commitment - The announcement confirms that the share reduction plan was executed in compliance with relevant regulations, including the Shenzhen Stock Exchange's rules and the Interim Measures for the Administration of Share Reduction by Shareholders of Listed Companies [4]. - Yang Shuangbao's actions did not violate any commitments made during the initial public offering, including restrictions on share transfers during his tenure and specific periods after leaving the company [4]. - The reduction of shares will not lead to a change in the company's control or significantly impact its governance structure and ongoing operations [4].

Group 1 - The core issue is that Guangdong Tuosda Technology Co., Ltd. has received a warning letter from the Guangdong Securities Regulatory Bureau due to multiple financial discrepancies, including inaccurate revenue and cost accounting, improper provision for bad debts, and non-compliance in the use of raised funds [1] - The warning letter indicates that the company, along with its executives, will face regulatory measures due to these violations, which could lead to civil liability for damages to investors [1] - Investors affected by the company's actions are encouraged to register for compensation claims, particularly those who purchased securities between April 22, 2024, and December 30, 2025, and sold or held them after December 31, 2025 [2] Group 2 - The potential civil lawsuits against the company will not be affected by whether the company is delisted, but entering bankruptcy proceedings could significantly impact the litigation process [3] - Investors seeking to register for compensation must provide specific documentation, including a copy of their ID, securities account information, and transaction records [3]