Core Insights - Jinma Amusement has launched a strategy focused on embodied intelligent robots in the cultural and tourism sectors, aiming to drive innovation and high-quality development in the industry [1][3] Group 1: Product Launch and Features - The company unveiled its first intelligent service humanoid robot designed for cultural tourism scenarios, featuring multimodal interaction technology that can recognize voice commands, expressions, and actions [2] - The robot is equipped with functions such as guided tours, ticket inquiries, and interactive entertainment, catering to diverse needs in various cultural tourism settings [2] Group 2: Strategic Upgrades and Industry Trends - Jinma Amusement is embracing AI and robotics to enhance its core business and expand its industry boundaries, aligning with the trends of intelligence, IP development, and content creation in the cultural, tourism, and entertainment sectors [2][3] - The company has signed cooperation agreements with leading enterprises in the cultural tourism sector, securing orders for over a thousand robots during the launch event [4] Group 3: Future Plans and Market Expansion - The company plans to implement a "dual-wheel drive" strategy focusing on advanced cultural tourism equipment manufacturing and modern service industries, while also building a comprehensive "cultural tourism+" platform [5] - Jinma Amusement aims to expand its global presence, with plans for international deployment of its intelligent products by 2026, targeting traditional markets in Europe and North America, as well as emerging markets in Southeast Asia, the Middle East, and Africa [5]

Group 1 - The company Jinma Amusement announced that its fourth board meeting was held on December 10, 2025, via communication, where it reviewed proposals related to providing guarantees for its subsidiary's bank credit applications [1] - The latest price for Feitian Moutai has dropped to 1520 yuan, representing a 43% decline over the past two years, indicating a significant shift in the market dynamics for distributors [1]

一、董事会会议召开情况 广东金马游乐股份有限公司（以下简称"公司"）于 2025 年 12 月 10 日以 通讯方式召开第四届董事会第十五次会议，本次会议由董事长邓志毅先生召集， 会议通知已于 2025 年 12 月 5 日以直接送达方式发出。本次董事会应出席董事 5 人，实际出席董事 5 人。会议由董事长邓志毅先生主持，公司全体高级管理人员 列席了会议。本次会议的召集、召开、表决等符合《公司法》等法律法规及《公 司章程》的规定，会议合法有效。 二、董事会会议审议情况 证券代码：300756 证券简称：金马游乐 公告编号：2025-069 广东金马游乐股份有限公司 第四届董事会第十五次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 表决结果：同意 5 票，反对 0 票，弃权 0 票。 三、备查文件 1.《第四届董事会第十五次会议决议》； 2.《第四届董事会审计委员会第十三次会议决议》； 本次会议以记名投票方式进行表决，审议及表决情况如下： （一）审议并通过了《关于为子公司向银行申请综合授信额度及履行合同 提供担保的议案》 为满足日常生产经营及合同 ...

及履行合同提供担保的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 广东金马游乐股份有限公司（以下简称"公司"）于 2025 年 12 月 10 日召 开第四届董事会第十五次会议，审议通过了《关于为子公司向银行申请综合授信 额度及履行合同提供担保的议案》，具体内容如下： 一、担保情况概述 证券代码：300756 证券简称：金马游乐 公告编号：2025-070 广东金马游乐股份有限公司 关于为子公司向银行申请综合授信额度 （一）银行授信担保 为满足日常生产经营及合同履约需求，公司合并报表范围内的子公司戴纳麦 克金马技术装备（中山）有限公司（以下简称"戴纳麦克金马"）拟向银行申请 不超过人民币 2,000 万元的综合授信额度，公司为戴纳麦克金马的相关授信事项 提供连带责任保证担保，具体担保金额、种类、期限等以在上述金额范围内最终 签署的协议为准。 （二）合同履约担保 根据戴纳麦克金马与上海国际主题乐园有限公司签署的《游乐设备采购合 同》，公司按要求为戴纳麦克金马履行合同提供连带责任保证担保，公司保证戴 纳麦克金马适当且及时地履行和遵守合同的义务和责任。 上述 ...

Core Viewpoint - The specialized equipment sector experienced a decline of 0.35% on December 9, with major stocks like HeTai Machinery leading the drop. The Shanghai Composite Index closed at 3909.52, down 0.37%, while the Shenzhen Component Index closed at 13277.36, down 0.39% [1]. Group 1: Stock Performance - The top-performing stocks in the specialized equipment sector included: - Dapeng Industrial (Code: 920091) with a closing price of 55.94, up 10.14% on a trading volume of 79,000 shares and a transaction value of 443 million [1]. - ST Xinyuan (Code: 300472) closed at 9.17, up 7.13% with a trading volume of 165,900 shares and a transaction value of 150 million [1]. - Dazhu CNC (Code: 301200) closed at 116.69, up 6.12% with a trading volume of 61,300 shares and a transaction value of 708 million [1]. - Lijun Thermal Energy (Code: 603391) closed at 72.30, up 6.09% with a trading volume of 132,700 shares and a transaction value of 232 million [1]. - Jiangshun Technology (Code: 001400) closed at 66.90, up 4.37% with a trading volume of 17,000 shares and a transaction value of 113 million [1]. Group 2: Capital Flow - On the same day, the specialized equipment sector saw a net outflow of 1.365 billion from major funds, while retail investors contributed a net inflow of 1.303 billion. Speculative funds recorded a net inflow of 61.775 million [3].

Company Overview - Jinma Amusement (300756.SZ) is entering a new chapter in the cultural tourism and entertainment robotics business, maintaining a "buy" rating and projecting strong long-term growth potential [1] - The company has secured over 1,000 orders for intelligent robots during a recent event, including a significant order from Lehua Entertainment for 1,000 cultural tourism robots, with deliveries starting in December 2025 and completing by 2026 [1] Product Innovation - The company launched two core innovative products: the "Xiao Ma No. 1" humanoid robot, which features multimodal interaction technology for various functions, and the "Robot MART" retail service store, which operates autonomously in a 7-square-meter space [2] - These products are set to be deployed in commercial complexes, cinemas, theme parks, and scenic spots starting in December 2025 [2] Technical and Production Capacity - Jinma Amusement's strategic transformation is supported by decades of industry experience and a robust technical foundation, with products distributed in nearly 50 countries [2] - The company is establishing two R&D and production bases, expected to be operational by the end of 2025 and mid-2026, enhancing its delivery capabilities significantly [3] Financial Performance - In the first three quarters of 2025, the company reported revenue of 569 million yuan, a year-on-year increase of 23.76%, and a net profit attributable to shareholders of 90 million yuan, a staggering increase of 456.47% [3] - Forecasts indicate that revenue will reach 780 million yuan, 1.21 billion yuan, and 1.9 billion yuan from 2025 to 2027, with net profits of 110 million yuan, 160 million yuan, and 280 million yuan respectively, reflecting strong growth potential [3] Industry Context - The "14th Five-Year" cultural and tourism development plan promotes smart tourism and digital transformation, supported by local government subsidies for equipment upgrades [3] - The digital cultural tourism market in China is projected to exceed 1.2 trillion yuan by 2025, with a compound annual growth rate of 24.7% from 2023 to 2030, positioning AI guides and smart retail as key growth drivers [3]

Group 1 - The core point of the news is that Jinma Amusement experienced a decline of 5.04% in its stock price, reaching 53.70 yuan per share, with a trading volume of 206 million yuan and a turnover rate of 2.87%, resulting in a total market capitalization of 8.463 billion yuan [1] - Jinma Amusement, established on November 20, 2007, and listed on December 28, 2018, is based in Zhongshan, Guangdong Province. The company specializes in the research, development, manufacturing, sales, installation, and operation of large amusement facilities and virtual immersive amusement projects [1] - The revenue composition of Jinma Amusement includes amusement facilities at 71.82%, parts and maintenance at 13.55%, ticket income at 11.25%, other (supplementary) at 1.89%, rental income at 1.10%, service income at 0.29%, and merchandise sales at 0.11% [1] Group 2 - From the perspective of fund holdings, one fund under ICBC Credit Suisse holds Jinma Amusement as a significant position. The Zhongzheng 1000 ETF Enhanced (561280) held 15,400 shares in the third quarter, accounting for 0.98% of the fund's net value, ranking as the fifth-largest holding [2] - The Zhongzheng 1000 ETF Enhanced (561280) was established on August 31, 2023, with a latest scale of 73.717 million yuan. Year-to-date, it has achieved a return of 41.11%, ranking 824 out of 4,206 in its category, and a one-year return of 40.06%, ranking 703 out of 4,012 [2] - The fund manager of Zhongzheng 1000 ETF Enhanced (561280) is Liu Zihao, who has been in the position for 2 years and 236 days. The total asset scale of the fund is 3.559 billion yuan, with the best return during his tenure being 71.42% and the worst return being -2.47% [3]

Group 1 - The core point of the news is that Jinma Amusement experienced a decline of 5.01% in its stock price, reaching 56.27 CNY per share, with a trading volume of 193 million CNY and a turnover rate of 2.54%, resulting in a total market capitalization of 8.868 billion CNY [1] - Jinma Amusement, established on November 20, 2007, and listed on December 28, 2018, is primarily engaged in the research, development, manufacturing, sales, installation of large amusement facilities, and virtual immersive amusement projects, as well as investment and operation of innovative cultural tourism projects [1] - The revenue composition of Jinma Amusement includes amusement facilities at 71.82%, parts and maintenance at 13.55%, ticket income at 11.25%, other (supplementary) at 1.89%, rental income at 1.10%, service income at 0.29%, and merchandise sales at 0.11% [1] Group 2 - From the perspective of major fund holdings, one fund under ICBC Credit Suisse holds shares in Jinma Amusement, specifically the Zhongzheng 1000 ETF Enhanced (561280), which held 15,400 shares in the third quarter, accounting for 0.98% of the fund's net value, making it the fifth-largest holding [2] - The Zhongzheng 1000 ETF Enhanced (561280) was established on August 31, 2023, with a latest scale of 73.717 million CNY, and has achieved a year-to-date return of 39.8%, ranking 838 out of 4,206 in its category; over the past year, it has returned 41.35%, ranking 690 out of 4,008; and since inception, it has returned 46.48% [2]

Core Viewpoint - The company Jinma Amusement is launching intelligent robots for cultural tourism and entertainment, aiming to provide innovative solutions for theme parks, scenic spots, and commercial complexes, leveraging advanced AI technology [1][2][3] Group 1: Product Launch and Features - Jinma Amusement held a product launch event for its intelligent robots designed for cultural tourism and entertainment, showcasing their capabilities in interactive communication and multi-language services [1] - The newly released robots utilize multimodal interaction technology to accurately recognize visitors' voice commands, expressions, and actions, enhancing user engagement [1] - The robots are equipped with modules for guided tours, ticket inquiries, and interactive entertainment, catering to diverse needs in various cultural tourism scenarios [1] Group 2: Strategic Partnerships and Market Expansion - During the launch event, Jinma Amusement signed cooperation agreements with several leading companies in the cultural tourism and entertainment sector, resulting in orders exceeding one thousand units [2] - The company plans to establish close partnerships to integrate "robotics + cultural tourism + scenarios" into the market, promoting the deployment and application of intelligent robots in relevant settings [2] Group 3: Future Plans and Industry Impact - Jinma Amusement announced its strategic layout for cultural tourism and entertainment robots, emphasizing that AI technology is reshaping the industry across all operational aspects [3] - The company aims to create a comprehensive "cultural tourism +" platform, focusing on dual-driven strategies in advanced equipment manufacturing and modern service industries [3] - Jinma Amusement is accelerating collaborations with other robotics companies and plans to launch innovative products in phases starting December 2025, with a global rollout expected in 2026 [3]

Core Insights - The article highlights the strategic advancements of Jinma Amusement in the cultural and tourism industry, focusing on the launch of intelligent robots designed for various entertainment and tourism scenarios [1][3][10] Strategic Upgrade: From Equipment Development to AI Empowerment - Jinma Amusement is transitioning from traditional amusement equipment to AI-enabled products, emphasizing the importance of technology as a driving force for innovation in the cultural tourism sector [3] - The company has extensive experience in mechanical engineering, electrical control, virtual reality, and safety standards, which supports its entry into the AI field [3] Technological Advancement: Launch of Cultural Tourism Humanoid Robots - Jinma Amusement has made a strategic investment in Shanghai Matrix Super Intelligence System Integration Co., Ltd., establishing a joint venture named "Jinma Matrix" to explore innovative applications of AI and robotics in cultural tourism [4] - The first humanoid robot, designed for cultural tourism, was unveiled, featuring interactive capabilities and multilingual services [6] Market Expansion: From Domestic Leadership to Global Outreach - Jinma Amusement has signed cooperation agreements with leading companies in the cultural tourism sector and received orders for over a thousand robots during the launch event [7] - The company plans to implement a phased rollout of its products starting in December 2025, with a global expansion strategy set for 2026 [9] Future Outlook: AI and Cultural Tourism, Unlocking Infinite Possibilities - The company believes that AI technology is reshaping the cultural tourism industry across all operational aspects, from manufacturing to experience design [10] - Jinma Amusement aims to create a one-stop solution that integrates technology and culture, enhancing visitor experiences through innovative and intelligent products [10]