Core Viewpoint - Xiangming Intelligent announced a change in its sponsor representative, with Minsheng Securities now responsible for the company's ongoing supervision work, represented by Chen Dong and Shi Weidong [2] Group 1 - The announcement was made on the evening of August 20 [2] - The new sponsor representatives are Chen Dong and Shi Weidong from Minsheng Securities [2] - This change indicates a shift in the oversight structure for Xiangming Intelligent [2]

证券代码：301226 证券简称：祥明智能 公告编号：2025-026 公司董事会对颜巍先生在持续督导期间所做出的贡献表示衷心感谢！ 常州祥明智能动力股份有限公司 关于变更持续督导保荐代表人的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 常州祥明智能动力股份有限公司（以下简称"公司"）于 2025 年 8 月 20 日收到保荐机构民生证券股份有限公司（以下简称"民生证券"）出具的《民生 证券股份有限公司关于更换常州祥明智能动力股份有限公司持续督导保荐代表 人的函》。 民生证券作为祥明智能首次公开发行并在创业板上市的保荐机构，原委派颜 巍先生和施卫东先生担任公司的持续督导保荐代表人，履行持续督导职责。现颜 巍先生因个人工作变动原因，不再担任公司持续督导期间的保荐代表人。为保证 持续督导工作的有序进行，民生证券委派陈栋先生接替颜巍先生担任公司持续督 导工作的保荐代表人，继续履行持续督导职责。 本次保荐代表人变更不影响民生证券对公司的持续督导工作。本次保荐代表 人变更后，民生证券负责公司持续督导工作的保荐代表人为陈栋先生和施卫东先 生。 附：陈栋先生简历 特 ...

Market Overview - The electric motor sector increased by 3.62% on the previous trading day, with Xiangming Intelligent leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Top Performers - Xiangming Intelligent (301226) closed at 40.24, up 20.01% with a trading volume of 142,400 shares and a transaction value of 536 million [1] - Kaizhong Precision (002823) closed at 17.46, up 10.02% with a trading volume of 222,300 shares and a transaction value of 373 million [1] - Dibai Electric (603320) closed at 21.38, up 9.98% with a trading volume of 47,600 shares and a transaction value of approximately 98.51 million [1] Other Notable Stocks - Wolong Electric Drive (600580) closed at 32.80, up 7.97% with a trading volume of 3,490,400 shares and a transaction value of 11.25 billion [1] - Weiguang Co., Ltd. (002801) closed at 38.94, up 4.87% with a trading volume of 119,100 shares and a transaction value of 461 million [1] - Dayang Electric (002249) closed at 8.38, up 4.75% with a trading volume of 2,853,000 shares and a transaction value of 2.32 billion [1] Fund Flow Analysis - The electric motor sector experienced a net outflow of 1.623 billion from institutional investors, while retail investors saw a net inflow of 1.297 billion [2] - The top net inflows from retail investors were observed in Dayang Electric (002249) with 1.367 million and Kaizhong Precision (002823) with 90.62 million [3] - Conversely, significant net outflows from institutional investors were noted in Kaizhong Precision (002823) with 47.91 million and Xiangming Intelligent (301226) with 55.63 million [3]

Group 1 - The core viewpoint of the news is the significant surge in the robotics industry, with over 40 related concept stocks experiencing a rise of over 10% on August 18, marking a historic high for the Wind Robotics Index and the Tongdaxin "Robotics Concept" Index [1][2] - Zhiyuan Robotics announced the launch of its entire product line, including six major product series, marking its full entry into the commercialization phase [1][5] - The 2025 World Humanoid Robot Games concluded on August 17, showcasing various competitions that tested robots' motion control, environmental perception, and intelligent decision-making capabilities [1][5] Group 2 - The humanoid robot products launched by Zhiyuan include the Far Expedition A2 priced at 168,000 yuan, the Spirit G1 at 450,000 yuan, and the Lingxi X2 at 98,000 yuan, among others [5] - The World Humanoid Robot Games featured 487 matches across 26 events, with participation from 280 teams from 16 countries, and the establishment of the World Humanoid Robot Sports Federation [5][6] - Industry experts noted that the World Humanoid Robot Games provided a platform for showcasing advancements in humanoid robots, with significant improvements in stability, joint performance, and control algorithms compared to earlier in the year [8][9] Group 3 - Analysts predict that the humanoid robot industry is entering a critical breakthrough phase, with global demand expected to reach approximately 2 million units by 2030 [9] - The trend towards lightweight designs is seen as crucial for enhancing the performance and safety of humanoid robots, with recommendations to focus on related investment opportunities [9][10] - The logistics sector is anticipated to see a shift from demo scenarios to customer trials for humanoid robots, potentially leading to explosive growth in the coming year [10]

Group 1 - The core viewpoint of the news is that the robotics industry is experiencing significant growth, with a surge in related stocks and advancements in humanoid robot technology showcased at the World Humanoid Robot Games [1][2][8] - On August 18, over 40 stocks related to the robotics sector saw a surge, with companies like Xiangming Intelligent and Qiangrui Technology hitting the daily limit up [2][3] - The Wind Robotics Index and Tongdaxin "Robotics Concept" Index reached historical highs, indicating strong market sentiment towards the robotics industry [1][2] Group 2 - Zhiyuan Robotics announced the launch of its entire product line, marking its entry into the commercial phase with products including the Expedition A2 and Lingxi X2 [1][5] - The World Humanoid Robot Games concluded on August 17, featuring 26 events that tested robots' capabilities in various tasks, highlighting improvements in motion control and decision-making [1][5][8] - The event showcased advancements in humanoid robots, with notable performances from teams like Yushu Robotics and Tiangong Ultra, indicating a significant leap in technology [1][8][9] Group 3 - Analysts suggest that the humanoid robot industry is in a critical growth phase, with global demand projected to reach approximately 2 million units by 2030 [9][10] - The competition and technological advancements in the industry are expected to accelerate, driven by events like the World Humanoid Robot Games and increasing market interest [6][8] - The focus on lightweight designs and AI applications in humanoid robots is seen as a key trend for future development, with potential for high commercial value [9][10]

Core Viewpoint - The robot concept stocks have experienced a significant surge, with over 40 related stocks hitting the daily limit or rising more than 10% on August 18, indicating a robust market interest and potential growth in the robotics industry [1][3]. Group 1: Market Performance - On August 18, stocks such as Xiangming Intelligent, Qiangrui Technology, and Zhongke Haixun saw a daily limit increase of 20%, while many others also performed strongly, contributing to a historical high for the Wind Robot Index and the Tongdaxin "Robot Concept" Index [1][3]. - The overall trend since late June shows a continuous rise in robot concept stocks, reflecting growing investor confidence in the sector [3]. Group 2: Product Launches - Zhiyuan Robotics announced the launch of its entire product line, including six major product categories, marking its full entry into the commercialization phase [1][6]. - The pricing for various humanoid robots has been set, with models like the Yuanzheng A2 priced at 168,000 yuan and the Lingxi X2 at 98,000 yuan, indicating a diverse product offering aimed at different market segments [6]. Group 3: Industry Events - The 2025 World Humanoid Robot Games concluded on August 17, showcasing the advancements in robot performance across various tasks, which has garnered significant attention and is expected to drive further industry development [1][6]. - The event featured 280 teams from 16 countries competing in 26 events, highlighting the global interest and competitive nature of the humanoid robotics field [6]. Group 4: Technological Advancements - Analysts noted significant improvements in humanoid robots' stability, joint performance, control algorithms, and overall capabilities compared to earlier in the year, suggesting accelerated industry development [9][10]. - The performance of robots in competitive scenarios, such as the 1500-meter race completed in 6 minutes and 34 seconds, demonstrates advancements in speed and control, indicating a leap in technology [9][10]. Group 5: Future Outlook - The humanoid robot industry is projected to see a cumulative global demand of approximately 2 million units by 2030, with current developments marking a critical breakthrough phase [10]. - The trend towards lightweight designs is expected to enhance humanoid robots' performance and safety, presenting investment opportunities in the related supply chains [10][11].

近日，祥明智能（301226）在世界机器人大会(WRC)全球首秀全自研关节模组，展示四大突破，解决行 业痛点。祥明智能采取"技术合作+自主创新"双轨战略，控股日本Borgroid公司，实现"日本研发、中国 制造"的产业化闭环。 据了解，祥明智能首次公开展示四类核心产品:关节模组、内转子无框电机、外转子无框电机及航天无 框电机。其中，发明专利产品外转子电机成为国内首家在关节模组中运用的企业，其高功率密度、大扭 矩、高效率、轻量化的性能特点，备受业界关注。 其中，高度集成的关节模组成为关注焦点，其技术创新直指行业长期存在的四大痛点: 全国产化自主可控 所有核心部件拥有完整自主知识产权，实现100%国产化，避免供应链"卡脖子"。祥明研发出国内首家 无框电机一体化磁环，制造工艺和关键性能参数出众，树立国产产品行业新标杆，打破了人形机器人关 节模组零部件的进口依赖。 WRC展会现场，祥明智能展台成为了当之无愧的人气焦点。技术展示区人流如织，专业观众与潜在客 户络绎不绝。祥明智能的关节模组中，电机、控制器、一体化磁环的精美工艺，吸引来自全球各地的机 器人整机厂商代表频繁驻足交流，其中包括国内外领先的人形机器人、协作机器人 ...

Market Overview - The electric motor sector increased by 1.06% on the previous trading day, with Kangping Technology leading the gains [1] - The Shanghai Composite Index closed at 3666.44, down 0.46%, while the Shenzhen Component Index closed at 11451.43, down 0.87% [1] Top Gainers - Kangping Technology (300907) closed at 36.51, up 11.82% with a trading volume of 138,100 shares and a transaction value of 493 million [1] - Ananda (603350) closed at 43.87, up 10.01% with a trading volume of 74,700 shares and a transaction value of 319 million [1] - Wolong Electric Drive (600580) closed at 27.62, up 10.00% with a trading volume of 2,700,900 shares and a transaction value of 7.076 billion [1] Top Losers - Jiangte Motor (002176) closed at 9.18, down 5.75% with a trading volume of 2,561,700 shares and a transaction value of 241.67 million [2] - Xiangdian Co. (600416) closed at 13.69, down 5.33% with a trading volume of 515,500 shares and a transaction value of 720 million [2] - Huarui Co. (300626) closed at 11.48, down 3.69% with a trading volume of 61,400 shares and a transaction value of 7.149 million [2] Capital Flow - The electric motor sector saw a net inflow of 373 million from institutional investors, while retail investors experienced a net inflow of 42.53 million [2] - Major stocks like Wolong Electric Drive had a net inflow of 846 million from institutional investors, while Ananda saw a net outflow of 65.74 million from retail investors [3] Individual Stock Performance - Kangping Technology had a net inflow of 41.50 million from institutional investors, while it faced a net outflow of 63.37 million from retail investors [3] - Wolong Electric Drive had a significant net inflow of 846 million from institutional investors, indicating strong institutional interest [3]

Group 1 - The core viewpoint of the news is that Xiangming Intelligent (301226) has shown positive performance in terms of stock price and financial results as of August 14, 2025, with a closing price of 33.2 yuan, up 3.85% [1] - The company reported total operating revenue of 120 million yuan for Q1 2025, representing a year-on-year growth of 9.06%, and a net profit attributable to shareholders of 7.11 million yuan, up 12.04% year-on-year [1] - The company has a strong liquidity position with a current ratio of 7.354 and a quick ratio of 6.129, alongside a low debt-to-asset ratio of 10.82% [1] Group 2 - Xiangming Intelligent has made investments in three companies and participated in 88 bidding projects, indicating active engagement in business expansion [2] - The company holds 12 trademark registrations and 122 patents, showcasing its commitment to innovation and intellectual property [2] - Additionally, the company possesses 31 administrative licenses, reflecting its compliance and operational capabilities [2]

Group 1 - The company Xiangming Intelligent (301226) reported that as of August 8, 2025, the total number of shareholders (excluding merged margin trading accounts) is 10,622 [1]