Core Viewpoint - Jinma Amusement's stock has shown significant growth this year, with a year-to-date increase of 285.04%, indicating strong market performance and investor interest [1][2]. Financial Performance - For the period from January to September 2025, Jinma Amusement achieved a revenue of 569 million yuan, representing a year-on-year growth of 23.76% [2]. - The net profit attributable to the parent company reached 90.41 million yuan, marking a substantial year-on-year increase of 456.47% [2]. Stock Market Activity - As of November 19, Jinma Amusement's stock price was 57.14 yuan per share, with a market capitalization of 9.005 billion yuan [1]. - The stock experienced a trading volume of 133 million yuan, with a turnover rate of 1.80% [1]. - Over the last five trading days, the stock price increased by 6.41%, and over the last 60 days, it rose by 77.73% [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 13.99% to 7,324, while the average circulating shares per person decreased by 12.27% to 17,917 shares [2]. - The company has distributed a total of 83.498 million yuan in dividends since its A-share listing, with 23.639 million yuan distributed in the last three years [3]. Business Overview - Jinma Amusement, established on November 20, 2007, specializes in the research, manufacturing, sales, installation, and operation of large amusement facilities and virtual immersive amusement projects [1]. - The company's revenue composition includes amusement facilities (71.82%), parts and maintenance (13.55%), ticket sales (11.25%), and other income sources [1].

Core Insights - Astribot, the world's first mass-produced rope-driven AI robot company, announced the completion of hundreds of millions in A++ round financing, led by Ant Group and Guoke Investment [1][2] - This financing round marks the third consecutive investment by Ant Group in Astribot within a year, indicating strong confidence in the company's technology and commercialization prospects [1][2] - The funds will be used for talent development, scaling manufacturing, and enhancing industrial capabilities, aiming to establish AI robots as reliable new productivity nodes [1] Investment Details - The financing round attracted notable investors including Bloom Advance Capital and Nanshan Zhanxin Investment, with Huaxing Capital serving as the exclusive financial advisor [1][6] - Ant Group's investment strategy reflects a focus on innovative companies with core technological barriers and commercialization potential, as seen in its previous investments in logistics and service robots [3] Technological Advancements - Astribot's unique technology, "Design for AI," allows for low-friction, continuous force control, enhancing precision and safety in human-robot interaction [3][5] - The company has achieved mass production and secured substantial orders, including a partnership with the world's largest controller system manufacturer, Xian Gong Intelligent [3][4] Strategic Partnerships - Astribot has established a full-stack platform for embodied intelligence, integrating top-tier hardware and advanced operational models [4] - A strategic collaboration with Jinma Leisure has led to the launch of the world's first fully autonomous retail service store operated by rope-driven AI robots, enhancing customer interaction and experience [7][8] Market Response - Following the announcement of the strategic partnership, Jinma Leisure's stock price rose by 5.75%, reflecting positive market sentiment towards the integration of AI in the cultural and tourism sectors [9] - The collaboration is expected to enhance Jinma Leisure's competitiveness in the global theme park equipment supply market, leveraging Astribot's advanced technology [9]

Core Insights - Jinma Amusement (300756) and Stardust Intelligence have announced a strategic partnership to develop a new generation of cultural tourism and entertainment robots, including the launch of a retail service store called "Robot MART" powered by AI-driven rope robots [1] Company Overview - Jinma Amusement specializes in amusement facility manufacturing and cultural tourism service operations, with products deployed in numerous well-known theme parks, scenic spots, and urban commercial complexes both domestically and internationally [1] - The company has decades of experience in mechanical engineering, electrical control, virtual reality, scene creation, and safety standards, providing a strong foundation for entering the AI and robotics sector [1] Product Development - Stardust Intelligence focuses on developing a full-stack embodied intelligence platform, with its core product, the Astribot S1 robot, featuring a unique rope-driven design that mimics human tendon movement for precise control and interaction [1] Market Trends - The future of the cultural tourism industry lies in "experience upgrades," as emphasized by Jinma Amusement's leadership, highlighting that the "robot retail service store" will not only serve as a sales terminal but also offer a wide range of products, enhancing customer interaction and creating immersive experiences [1] - The integration of these robots into themed environments aims to attract visitors and increase foot traffic and conversion rates, representing the value of innovative technology empowering the cultural tourism sector [1]

Core Insights - The launch of the world's first AI-driven retail service store, "Robot MART," marks a significant advancement in the application of robotics in commercial settings, showcasing the potential for AI integration in the cultural and tourism sectors [1][3] - The collaboration between Guangdong Jinma Amusement and Stardust Intelligence aims to leverage their respective strengths to create innovative products and services in the "cultural tourism + robotics" space, enhancing customer experiences and operational efficiency [2][3] Company Overview - Guangdong Jinma Amusement has extensive experience in amusement equipment manufacturing, with products deployed in numerous well-known theme parks and commercial complexes both domestically and internationally, emphasizing its strong R&D, manufacturing, and service capabilities [2] - Stardust Intelligence focuses on developing a full-stack embodied intelligence platform, with its core product, the Astribot S1, utilizing a unique rope-driven design that mimics human tendon movement, enabling sophisticated and safe interactions in complex commercial environments [2] Strategic Collaboration - The strategic partnership between Jinma Amusement and Stardust Intelligence aims to co-develop and apply robotics in the cultural tourism sector, creating a replicable new ecological business model that connects high-quality resources across the supply chain [2] - The Robot MART retail service store occupies a minimum area of approximately 7 square meters and can be flexibly installed in various locations such as tourist attractions, theme parks, cultural districts, and commercial complexes, offering a range of products including snacks, beverages, and cultural souvenirs [2] Industry Implications - The introduction of Robot MART signifies a step forward in the large-scale deployment of service robots in commercial settings, validating their stability and practicality in complex environments, and setting a precedent for future AI-driven innovations in the cultural and entertainment sectors [3]

Core Insights - The integration of culture and technology is reshaping the cultural industry in Guangdong, creating new production capabilities and a diverse ecosystem driven by policy, technology, and enterprise [2][4][9]. Group 1: Cultural and Technological Integration - The VR experience "Magic Ice Castle" has gained popularity, showcasing the immersive potential of cultural and technological fusion [2]. - The "Cultural + Technology" integration is evident in events like the 15th National Games opening ceremony, where AR technology brought traditional culture to life [2][4]. - Companies like X-META are leveraging AI and XR technologies to create immersive experiences, indicating a shift from passive viewing to active participation in cultural narratives [3][4]. Group 2: Economic Impact and Market Growth - The cultural and technological integration is expected to generate a digital creative industry cluster worth hundreds of billions, becoming a new engine for high-quality economic development in Guangdong [6][8]. - By 2024, Guangdong's cultural industry revenue is projected to exceed 3 trillion yuan, accounting for about one-sixth of the national total [6]. - The revenue from new cultural business formats reached 915 billion yuan, growing by 10.5%, highlighting the competitive advantage in digital creativity, animation, gaming, and digital cultural manufacturing [6][7]. Group 3: Policy Support and Talent Development - Guangdong has established a systematic policy framework to support the deep integration of culture and technology, including the "Implementation Plan for Promoting the Deep Integration of Culture and Technology (2021-2025)" [9][10]. - The province's policy package emphasizes talent attraction and support, aiming to bring in high-level professionals in various cultural sectors [9][10]. - The upcoming 2025 Greater Bay Area Cultural Industry Investment Conference is expected to further enhance the integration of culture, technology, and finance, driving new opportunities for the cultural industry [10][11].

Group 1 - The core viewpoint of the article is the launch of the world's first AI robot-operated retail service store, "Robot MART," developed by Jinma Leisure and Stardust Intelligence [1] - Jinma Leisure and Stardust Intelligence have established a strategic partnership to explore the integration of cultural tourism and robotics [1] - The collaboration aims to create a replicable new ecological business model by connecting high-quality resources in the cultural tourism sector [1]

Core Insights - Jinma Leisure (300756.SZ) has formed a strategic partnership with Stardust Intelligence to develop a new generation of cultural tourism and entertainment robots [1][3] - The collaboration has led to the launch of the world's first AI robot-operated retail service store, "Robot MART," in cultural tourism scenarios, marking a significant milestone in the domestic humanoid robot market [1][3] Company Developments - Jinma Leisure has made substantial progress in the research and manufacturing of embodied intelligent technology and products, integrating into mainstream consumer scenarios [3] - The "AI manager" robot utilizes a self-developed rope-driven design, providing advantages in dexterous operation and safe interaction, while its AI brain is based on the DuoCore-WB end-to-end embodied model [3] Industry Impact - The innovation signifies a potential disruptive transformation in the cultural tourism and entertainment industry, offering a model for the implementation of embodied intelligence and "new productive forces" in urban and cultural contexts [3] - The future of the cultural tourism industry is focused on "experience upgrades," with the robot retail service store not only selling products but also providing immersive interactive experiences that can enhance customer flow and conversion rates [3]

Core Insights - Jinma Leisure (300756.SZ) has formed a strategic partnership with Stardust Intelligence to develop a new generation of cultural tourism and entertainment robots [1][3] - The collaboration has led to the launch of the world's first AI robot-operated retail service store, "Robot MART," in cultural tourism settings, marking a significant milestone in the domestic humanoid robot market [1][3] Group 1: Company Developments - The partnership signifies Jinma Leisure's advancement in the research and manufacturing of embodied intelligent technology and products in the AI era [3] - The "Robot MART" is designed to not only serve as a retail outlet but also to offer a wide range of products, including snacks, beverages, cultural souvenirs, and trendy IP toys, enhancing customer engagement through immersive experiences [3] Group 2: Industry Impact - The innovation is expected to bring disruptive changes and innovations to the cultural tourism and entertainment industry, providing a model for the implementation of embodied intelligence and "new productive forces" in urban and cultural contexts [3] - The embodied intelligence concept allows intelligent entities to learn and iterate through continuous interaction with the physical environment, creating opportunities for smart entities that can perceive, understand, respond to, and even predict visitor behavior in cultural tourism settings [3]

Core Viewpoint - Jinma Amusement has shown significant stock price growth and strong financial performance, indicating a positive outlook for the company in the amusement industry [1][2]. Financial Performance - As of September 30, Jinma Amusement achieved a revenue of 569 million yuan, representing a year-on-year growth of 23.76% [2]. - The net profit attributable to the parent company reached 90.41 million yuan, with a remarkable year-on-year increase of 456.47% [2]. - Since its A-share listing, the company has distributed a total of 83.5 million yuan in dividends, with 23.64 million yuan in the last three years [3]. Stock Market Activity - On November 14, Jinma Amusement's stock price increased by 2.11%, reaching 57.15 yuan per share, with a total market capitalization of 9.007 billion yuan [1]. - The stock has appreciated by 285.11% year-to-date, with a 3.55% increase over the last five trading days and an 80.40% increase over the last 60 days [1]. - The company experienced a net outflow of 1.35 million yuan in principal funds, with significant buying and selling activity from large orders [1]. Shareholder Information - As of September 30, the number of shareholders increased by 13.99% to 7,324, while the average circulating shares per person decreased by 12.27% to 17,917 shares [2]. - Among the top ten circulating shareholders, Qianhai Kaiyuan New Economy Mixed A (000689) is a new entrant, holding 1.93 million shares [3]. Business Overview - Jinma Amusement, established on November 20, 2007, specializes in the research, manufacturing, sales, installation, and operation of large amusement facilities and virtual immersive amusement projects [1]. - The company's revenue composition includes amusement facilities (71.82%), parts and maintenance (13.55%), ticket sales (11.25%), and other income sources [1].

（编辑 任世碧） 证券日报网讯 11月12日晚间，金马游乐发布公告称，公司于2025年9月29日召开第四届董事会第十三次 会议、第四届监事会第十三次会议，审议通过了《关于回购控股子公司股权暨募投项目实施主体股权结 构变更的议案》，同意公司支付6，000万元回购中山中盈产业投资有限公司（简称"中盈投资"）持有的 公司子公司、公司首次公开发行股票募集资金投资项目实施主体之一的中山市金马文旅科技有限公司 （简称"金马文旅科技"）全部股权，并授权公司管理层与中盈投资签署相关法律文件、办理与本次股权 回购事项相关的一切事宜。董事会审议通过后，公司与中盈投资签署了《股权回购协议》，公司与金马 文旅科技按协议约定分别向中盈投资支付了股权回购款及约定的固定回报。近日，金马文旅科技已完成 上述股权回购事项的变更备案，公司此前就履行回购义务、支付固定回报等相关事宜向中盈投资提供的 股权出质同步注销。本次股权回购事项办结后，金马文旅科技由公司控股子公司变更为全资子公司。 ...