Market Overview - The textile manufacturing sector experienced a decline of 0.68% on January 7, with Wanshili leading the drop [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] Stock Performance - Notable gainers in the textile manufacturing sector included: - Yingfeng Co., Ltd. (605055) with a closing price of 10.10, up 5.10% [1] - Fittin (603130) at 55.40, up 4.41% [1] - Jujie Microfiber (300819) at 35.00, up 2.97% [1] - Conversely, Wanshili (301066) saw a significant decline, closing at 19.52, down 4.08% [2] - Other notable decliners included: - Weixing Co., Ltd. (002003) at 10.29, down 3.38% [2] - Lixing Youxin (681509) at 15.36, down 2.85% [2] Capital Flow - The textile manufacturing sector saw a net outflow of 233 million yuan from institutional investors, while retail investors contributed a net inflow of 53.73 million yuan [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors showed interest [2] Individual Stock Capital Flow - Notable capital flows for specific stocks included: - Nanshan Zhishang (300918) with a net outflow of 24.27 million yuan from institutional investors [3] - Jujie Microfiber (300819) had a net inflow of 17.93 million yuan from retail investors [3] - Weixing Co., Ltd. (002003) experienced a net inflow of 11.39 million yuan from retail investors [3]

证券日报网讯 1月6日，南山智尚在互动平台回答投资者提问时表示，超高分子量聚乙烯纤维作为第三 代高性能纤维，凭借超高强度、极轻密度、耐辐射和耐腐蚀等特性，是理想的轻量化与抗辐射材料，在 商业航天领域可广泛应用于高可靠性的绳缆与降落伞系统、卫星及飞机轻量化结构件、航空特种防护装 备，同时在透波、耐低温、低摩擦类特殊功能部件上具备相应的应用潜力，公司下游客户相关产品已实 现商业航空航天领域的场景落地，初步切入对应供应链体系，为产业提供高性能、高稳定性的核心材料 保障。在此基础上，公司正积极与商业航天、卫星制造及配套企业开展相关产品的对接工作，推动产品 在更多型号任务中落地应用。具体客户信息及订单细节涉及商业保密条款，暂不便披露，尚请理解。敬 请广大投资者注意投资风险。 （文章来源：证券日报） ...

Core Viewpoint - The company, Nanshan Zhishang, focuses on the research and industrialization of high-performance fiber materials, particularly in the fields of ultra-high molecular weight polyethylene (UHMWPE) fibers and nylon 66, establishing a comprehensive technical system [1] Group 1: Product Development - The company has developed UHMWPE fibers that possess ultra-high strength, ultra-high modulus, low density, excellent impact resistance, and performance in space environments, making them suitable for applications in spacecraft structural reinforcement, lightweight components, and protective systems [1] - Nylon 66 is characterized by high strength, heat and wear resistance, and good dimensional stability, making it suitable for critical applications such as astronaut suit fabrics, in-cabin safety protection fabrics, and parachute systems [1] Group 2: Technical Advancements - The company has initiated targeted technical development for the aforementioned applications, forming a technological reserve aimed at the commercial aerospace sector [1]

证券日报网讯1月6日，南山智尚（300918）在互动平台回答投资者提问时表示，截至2025年12月31日， 公司股东人数为32762户。 ...

Core Viewpoint - The company, Nanshan Zhishang, focuses on the research and industrialization of high-performance fiber materials, particularly in the fields of ultra-high molecular weight polyethylene (UHMWPE) fibers and nylon 66, establishing a comprehensive technical system [1] Group 1: Product Development - The company has developed ultra-high molecular weight polyethylene fibers that possess ultra-high strength, ultra-high modulus, low density, excellent impact resistance, and performance in space environments, making them suitable for applications in spacecraft structural reinforcement, lightweight components, and protective systems [1] - Nylon 66 is characterized by high strength, heat and wear resistance, and good dimensional stability, making it suitable for critical applications such as spacesuit fabrics, in-cabin safety protection fabrics, and parachute systems [1] Group 2: Market Focus - The company has initiated targeted technical development for the aforementioned applications, forming a technological reserve aimed at the commercial aerospace sector [1]

国联民生证券承销保荐有限公司 关于山东南山智尚科技股份有限公司 2025 年度持续督导定期现场检查报告 | 保荐机构名称：国联民生证券承销保荐有限公司 | | 被保荐公司简称：南山智尚 | | | --- | --- | --- | --- | | 保荐代表人：周栋 | 联系电话：010-85127999 | | | | 保荐代表人：何义豪 | 联系电话：010-85127999 | | | | 现场检查人员：周栋、何义豪 | | | | | 现场检查对应期间：2025 年度 | | | | | 现场检查时间：2025 年 月 日-2025 年 月 日 12 23 12 25 | | | | | 一、现场检查事项 | | 现场检查意见 | | | （一）公司治理 | 是 | 否 | 不适用 | | 现场检查手段：查阅、复制、检查、访谈 | | | | | 1.公司章程和公司治理制度是否完备、合规 | √ | | | | 2.公司章程和三会规则是否得到有效执行 | √ | | | | 3.三会会议记录是否完整，时间、地点、出席人员及会议内 | √ | | | | 容等要件是否齐备，会议资料是否保存完整 | | ...

国联民生证券承销保荐有限公司 关于山东南山智尚科技股份有限公司 2025 年度持续督导培训情况的报告 本次培训通过演示培训讲义、解读法规条文及案例分析等形式进行，重点对 2025 年修订的法律法规如上市公司治理准则、上市公司募集资金监管规则等及 近年来典型违规处罚案例等方面进行了阐述分析。 根据《证券发行上市保荐业务管理办法》《深圳证券交易所上市公司自律监 管指引第 13 号——保荐业务》《深圳证券交易所上市公司自律监管指引第 2 号 ——创业板上市公司规范运作》《深圳证券交易所创业板股票上市规则》等有关 规定的要求，作为山东南山智尚科技股份有限公司（以下简称"南山智尚"或"公 司"）向特定对象发行股票并在创业板上市的保荐机构，国联民生证券承销保荐 有限公司（以下简称"保荐机构"）于 2025 年 12 月 23 日对南山智尚董事、高级 管理人员及其他相关人员等进行了 2025 年度持续督导现场培训。 一、培训内容 周栋 何义豪 三、培训效果 保荐机构认为，通过本次培训，上述人员增强了对 2025 年新规的认识，加 强理解作为上市公司管理人员在公司信息披露、规范运作等方面所应承担的责任 和义务，进一步提升公司 ...

Investment Rating - The report does not explicitly provide an investment rating for the humanoid robot tendon material industry. Core Insights - The humanoid robot tendon materials are essential for simulating biological tendon functions and transmitting motion and force. Key materials include ultra-high molecular weight polyethylene (UHMWPE) fibers, tungsten wire ropes, aramid fibers, carbon fiber composite ropes, and mixed woven tendons [3][9][13]. Industry Overview - The report outlines the current development status of the humanoid robot tendon material industry, analyzing the industry chain, market size, and development trends. It addresses key questions regarding the industry's competitive landscape and market scale [3][4][5][8]. Competitive Landscape - The competitive landscape of the humanoid robot tendon market features international giants such as Honeywell, Evante, Toyobo, and Hitachi Metals in the first tier. Leading Chinese companies like Nanshan Zhishang, Henghui Anfang, Tongyi Zhong, and Daye Co., Ltd. occupy the second tier, while emerging firms such as Lianhong Xinke, Gaocai Co., Ltd., Maiswei, and Beize Precision are in the third tier [4][54][58]. Market Size - The market size for humanoid robot tendons is projected to grow significantly. For UHMWPE fibers, the market size is expected to increase from approximately 0.1 million yuan in 2024 to 5.3 million yuan by 2030. For tungsten wire ropes, the market size is anticipated to grow from about 0.3 million yuan in 2024 to 22 million yuan by 2030, with a compound annual growth rate (CAGR) of 101.4% [5][59][61]. Development Trends - The development trends in the humanoid robot tendon materials indicate a shift from metal tendons to a coexistence of metal and polymer tendons, with polymers offering advantages in lightweight applications. In the later stages, a combination of metal, polymer fibers, and mixed woven tendons will dominate, with mixed woven tendons showing significant potential due to their combined strengths [6][40][41]. Material Performance Requirements - Humanoid robot tendons require specific performance characteristics, including tensile strength, material strength, fineness, elastic modulus, static load, mechanical life, wear coefficient, and heat resistance. For instance, the tensile strength must reach between 2.5 GPa and 3.5 GPa, and the mechanical life should exceed one million cycles [16][18][22]. Pain Points of Mainstream Materials - The main pain points for UHMWPE fibers include poor creep resistance and wear performance, necessitating high-level algorithms for compensation. Tungsten wire ropes face challenges in lightweight applications, impacting the overall performance of humanoid robots [33][36][38]. Mixed Weaving Solutions - Companies like Gaocai Co., Ltd. and Nanshan Zhishang are focusing on mixed woven tendon solutions, which combine multiple high-performance fibers to enhance durability and performance. This approach aims to achieve longer lifespans and better mechanical properties [44][45][48]. Industry Chain Overview - The industry chain for humanoid robot tendons consists of upstream raw material suppliers, midstream tendon material manufacturers, and downstream application scenarios. The supply chain is evolving, with companies increasingly integrating vertically to enhance competitiveness [49][51]. Future Directions - The future of humanoid robot tendons is expected to evolve towards "smart tendon" systems that integrate sensing, transmission, and feedback capabilities. This advancement will enable real-time monitoring of key parameters, enhancing the precision and safety of robotic operations [64][69].

Group 1 - The establishment of Shandong Nanshan Hengfeng New Materials Technology Co., Ltd. has been reported, with a registered capital of 20 million yuan [1][2] - The legal representative of the company is Zhao Liang, and its business scope includes new material technology research and development, manufacturing and sales of high-performance fibers and composite materials, and various textile processing activities [1][2] - The company is jointly held by Nanshan Zhishang and Shaoxing Keqiao Hengfeng New Materials Technology Co., Ltd. according to the equity penetration data from Tianyancha APP [1][2]

证券日报网讯12月30日，南山智尚（300918）在互动平台回答投资者提问时表示，公司现阶段暂未与其 开展相关联合研究。在人形机器人灵巧手腱绳、电子皮肤手套及外衣等轻量化应用方向，公司持续推进 研发攻关，不断夯实技术根基，公司始终秉持开放合作的态度，积极对接产业链上下游优质资源，寻求 契合公司发展规划的合作机会，携手推动新材料创新应用落地。 ...