Group 1 - The core point of the article is that Yihua (301029) has reported a total of 32,584 shareholders as of January 20, 2026 [1]

Summary of the Conference Call for Yihada Industry Overview - The lithium battery industry is projected to account for 24% of the market share in 2025, showing a year-on-year growth of 57%, making it the largest segment. The 3C sector is expected to hold 20% with a 10% increase, while the automotive sector is anticipated to reach 12% with a 15% growth. The semiconductor segment is expected to account for 6% with a 29% increase, and the photovoltaic sector is projected to be at 3% with a negative growth of 46% [2][4][10]. Core Insights and Arguments - The lithium battery market is expected to maintain some continuity in 2026, although growth rates may not match the 57% seen in 2025. Downstream customer expansion is stable, leading to optimistic demand for the lithium segment [2][7]. - Yihada's 3C business grew approximately 10% in 2025, with expectations for significant revenue contributions in 2026 due to new Apple foldable phone models. The focus will remain on the 3C, lithium, and semiconductor strategic segments [2][8]. - The automotive business is experiencing positive growth, but the rate of increase is expected to slow in the second half of the year. Yihada will not prioritize investments in this sector in the short term but aims for modest growth through online channels [2][10]. - The semiconductor industry could significantly contribute to revenue if its penetration rate increases to 50%, although current growth is slow due to long supply chain integration cycles [2][11]. Additional Important Points - Yihada's strategic focus for 2026 is based on market space and product capability, with a strong emphasis on lithium, 3C, and semiconductors due to their high demand and growth potential [11]. - The company is cautious about the photovoltaic sector, as there are no significant signs of demand growth, and it does not expect substantial increases in this area [13][14]. - The semiconductor sector's current penetration is around 20%, and if it can accelerate to 50%, it could surpass the automotive sector in revenue contribution [14]. - Yihada's products in the semiconductor industry are expected to have a gross margin higher than the industry average by about 4-5 percentage points, with a focus on long-term gross margin improvement [15][20]. - The company is preparing for the impact of new products in the 3C industry by maintaining a light asset operation model and a flexible supply chain to quickly respond to market demands [25]. This summary encapsulates the key points discussed in the conference call, highlighting the company's strategic focus, market expectations, and operational strategies across various sectors.

Core Insights - On January 26, 2026, Yihua Da executed a block trade of 530,000 shares, amounting to 14.02 million yuan, which represented 2.87% of the total trading volume for the day, with a transaction price of 26.46 yuan, reflecting an 8% discount compared to the market closing price of 28.76 yuan [1] Group 1 - The block trade involved a total of 530,000 shares at a price of 26.46 yuan per share [1] - The total transaction value for the block trade was 14.02 million yuan [1] - The transaction price was 8% lower than the market closing price of 28.76 yuan [1] Group 2 - The trading volume included multiple transactions, with the largest being 20.80 million shares for a total of 550.37 million yuan [2] - Other transactions included 17.00 million shares for 449.82 million yuan and two transactions of 7.60 million shares each for 201.10 million yuan [2] - All transactions were executed by institutional investors through CITIC Securities [2]

Core Viewpoint - The company aims to transition from a leading domestic enterprise to a globally influential player in the automation equipment sector, focusing on becoming a foundational supplier for global intelligent equipment during the "14th Five-Year Plan" period [1]. Group 1: Strategic Focus on Automation Equipment - The company, established in 2010, specializes in the research, production, and sales of factory automation components, providing a one-stop supply for these parts [2]. - It categorizes components into three types: core brand components (FX), standard components (FA), and non-standard structural parts (FB), employing different strategies for each to meet diverse customer needs [2]. - The company has developed a comprehensive product system covering 199 major categories, 4,573 subcategories, and 258 stock-keeping units (SKUs) of factory automation components by June 2025 [3]. Group 2: Embracing Digital Transformation - The company is actively exploring AI technology applications in the intelligent equipment sector, significantly improving efficiency and accuracy in quoting processes [4]. - It has established flexible production line planning based on manufacturing processes, enhancing production capacity and automated processing capabilities for individual parts [5]. - The company aims to become a supplier of robot components, continuously expanding its market presence in line with new industry scenarios [5]. Group 3: Global Expansion Strategy - The company views overseas market development as a crucial part of its overall strategy, planning to enhance its global presence and service capabilities [7]. - It has been expanding its overseas operations for the past two to three years, achieving positive progress and aiming to further increase its global market influence [7]. - The company is committed to becoming a trusted infrastructure supplier for global intelligent equipment as Chinese manufacturing accelerates its international outreach [7].

Group 1 - The article discusses the performance of a specific company in the investment banking sector, highlighting its recent financial results and market position [1] - Key financial metrics indicate a significant increase in revenue, with a reported growth of 15% year-over-year, reaching $2.5 billion [1] - The company has successfully expanded its market share, now holding a 25% share in its primary segment, which is a notable increase from the previous year [1] Group 2 - The article emphasizes the competitive landscape of the investment banking industry, noting that several key players are also experiencing growth, contributing to a dynamic market environment [1] - It mentions the impact of regulatory changes on the industry, suggesting that these changes may create both challenges and opportunities for firms [1] - The outlook for the investment banking sector remains positive, with analysts predicting continued growth driven by increased M&A activity and capital market transactions [1]

Core Viewpoint - Yihua Da is committed to deepening its global strategic layout during the "14th Five-Year Plan" period, aiming to become a global infrastructure supplier for intelligent equipment [1] Group 1: Company Strategy and Development - Yihua Da focuses on the long-tail demand for automation equipment, providing a one-stop supply of factory automation components through standardized design and classification [2] - The company has developed a comprehensive product system covering 199 major categories and 4,573 subcategories of factory automation components, establishing industry standards [3] - Yihua Da has achieved steady growth, with a revenue of 2.197 billion yuan in the first three quarters of 2025, representing an 18.30% year-on-year increase [3] Group 2: Digital Transformation and Innovation - The company embraces digitalization, utilizing AI technology to enhance efficiency in quoting and recognition processes, significantly reducing response times [4] - Yihua Da is exploring the integration of more components for robots and aims to become a key supplier in the robotics sector [4] Group 3: Financial Performance and Shareholder Engagement - Yihua Da implemented semi-annual dividends for the first time in August 2025, reflecting strong cash flow and commitment to shareholder returns [5] - The company maintains a cash dividend ratio exceeding 30% annually since its listing in 2021, emphasizing transparency and communication with investors [6] Group 4: Global Expansion - Yihua Da is accelerating its globalization strategy, viewing overseas markets as a crucial part of its overall development [7] - The company has made significant progress in its overseas layout over the past two to three years and plans to enhance its global presence [7]

东莞证券股份有限公司 关于对东莞怡合达自动化股份有限公司 2025 年度持续督导培训报告 深圳证券交易所： 东莞证券股份有限公司（以下简称"东莞证券""保荐机构"）作为东莞怡合 达自动化股份有限公司（以下简称"怡合达"或"公司"）2023 年度向特定对象 发行股票的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易 所创业板股票上市规则》及《深圳证券交易所自律监管指引第 2 号——创业板上 市公司规范运作指引》等法规和规则的相关规定以及怡合达的实际情况，认真履 行保荐机构应尽的职责，对怡合达的董事、高级管理人员及其他相关人员进行了 2025 年持续督导培训。 2025 年 12 月 24 日，东莞证券相关人员按照要求完成了对怡合达董事、高 级管理人员及其他相关人员的培训工作，特向贵所报送培训工作报告。 本次培训后，东莞证券提请公司董事会秘书将培训讲义转发给因故未能参加 1 培训的董事、高级管理人员及其他人员，并督促其自学培训内容。 二、本次培训的成果 通过本次现场培训，怡合达的董事、高级管理人员、部分中层以上管理人员 及控股股东和实际控制人对创业板上市公司的并购重组有了更为深入的了解和 认识，有助于 ...

东莞证券股份有限公司 关于东莞怡合达自动化股份有限公司 2025 年持续督导定期现场核查报告 | 保荐机构名称：东莞证券股份有限公司 被保荐公司简称：怡合达 | | | | | | | --- | --- | --- | --- | --- | --- | | 保荐代表人姓名：龚启明 联系电话：0769-22119285 | | | | | | | 保荐代表人姓名：朱则亮 联系电话：0769-22119285 | | | | | | | 现场检查人员姓名：龚启明、杨国辉 | | | | | | | 现场检查对应期间：2025 年度 | | | | | | | 现场检查时间：2025 年 12 月 24 日至 2025 12 | 年 | 月 | 24 | 日 | | | 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： | | | | | | | 1） 查看公司公开信息披露文件； | | | | | | | 2） 查阅并复制公司相关三会文件，包括会议通知、议案、表决票、会议记录、决议等； | | | | | | | 3） 查阅 ...

Core Viewpoint - The company Yihua (301029) has disclosed that as of December 31, 2025, the total number of shareholders is expected to reach 32,984 [1] Summary by Category - **Company Information** - Yihua has confirmed through an interactive platform that the total number of shareholders will be 32,984 by the end of 2025 [1]

Group 1 - The core viewpoint of the article is that Yihua (301029) has a low supply ratio of components to humanoid robot manufacturers, primarily including linear motion parts and small mechanical components [1] - The company emphasizes its confidentiality obligations regarding information related to its partners, indicating that it cannot disclose specific details about its collaborations [1] - The interaction with investors highlights the company's focus on maintaining discretion in its business dealings within the humanoid robotics sector [1]