Core Viewpoint - The company primarily uses lithium batteries for its battery pack products and is unable to disclose specific procurement details due to confidentiality agreements with partners [2] Group 1 - The company's battery pack products are mainly lithium batteries [2] - The company has not disclosed the procurement volume of batteries due to commercial confidentiality [2]

Investment Rating - The report maintains an "Outperform" rating for the industry [1] Core Insights - The demand for lawn and pool robots is surging due to technological upgrades, with domestic companies competing vigorously [5] - The global lawn mower market is projected to reach $10 billion by 2024, with a compound annual growth rate (CAGR) of 2% from 2013 to 2023 [3] - The penetration rate of robotic lawn mowers is expected to increase significantly, driven by advancements in technology [3][29] Summary by Sections 1. Overseas Lawn Demand and Market Size - The lawn care culture in Europe and the U.S. has led to a substantial market for lawn mowers, with 180 million private gardens [3][12] - The global lawn mower market is expected to reach approximately $10.8 billion in 2024, with a CAGR of 2.1% from 2013 to 2023 [13][15] 2. Rapid Iteration of Boundaryless Smart Lawn Mowers - The introduction of RTK satellite differential positioning technology has significantly improved the performance of robotic lawn mowers, leading to a sales explosion [3][30] - By the first half of 2025, global sales of robotic lawn mowers are expected to grow by 327% year-on-year, reaching 2.34 million units [29] 3. Competitive Landscape of the Robotic Lawn Mower Industry - Traditional leaders like Husqvarna and Worx still hold significant market share, but domestic companies such as Ninebot, Ecovacs, and Mamotion are rapidly gaining ground [40][42] - Domestic companies are leveraging technological advantages and innovative product iterations to capture market share in overseas markets [42] 4. Pool Robot Market Dynamics - The global pool robot market is projected to reach $2.5 billion by 2024, with a CAGR of 16% from 2019 to 2024 [6] - The penetration rate of pool robots is expected to rise from 18% in 2019 to 26% in 2024, with further growth anticipated by 2029 [6] 5. Investment Recommendations - The report suggests focusing on companies like Stone Technology, Guangfeng Technology, and Ecovacs, which are well-positioned to benefit from the technological advancements in the industry [5]

证券代码：301260 证券简称：格力博 公告编号：2025-062 格力博（江苏）股份有限公司 关于回购股份用于注销并减少注册资本 暨通知债权人的补充公告 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。 格力博（江苏）股份有限公司（以下简称"公司"）于2025年9 月16日召开2025年第一次临时股东大会，审议通过了《关于变更注 册资本、修订〈公司章程〉并办理工商变更登记的议案》。根据市 场监督管理部门关于工商变更的相关要求，需对《关于回购股份用 于注销并减少注册资本暨通知债权人的公告》（公告编号：2024- 042）中需债权人知晓的相关信息补充如下： 一、股本及注册资本变更原因 （一）股权激励行权增加注册资本 2024年8月28日，公司召开第二届董事会第十次会议和第二届监 事会第九次会议，分别审议通过了《关于公司股票期权激励计划第 一批及第二批激励对象第二个行权期符合行权条件的议案》。公司 股票期权激励计划第一批及第二批激励对象第二个行权期行权条件 已经成就，本次符合行权条件的激励对象人数为191人，本次可行权 的股票期权数量为201.3646万份，采取集 ...

Core Viewpoint - Greebo's stock price has experienced fluctuations, with a year-to-date increase of 55.70% but a recent decline of 7.16% over the past five trading days [2]. Group 1: Stock Performance - On September 26, Greebo's stock fell by 2.04%, trading at 20.63 CNY per share, with a total market capitalization of 9.953 billion CNY [1]. - Year-to-date, Greebo's stock price has increased by 55.70%, while it has decreased by 7.16% in the last five trading days and 5.84% in the last 20 days [2]. - Greebo has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on May 27, where it recorded a net buy of 90.584 million CNY [2]. Group 2: Financial Performance - For the first half of 2025, Greebo reported a revenue of 2.977 billion CNY, a year-on-year decrease of 0.49%, while the net profit attributable to shareholders was 133 million CNY, reflecting a year-on-year increase of 9.50% [2]. - The company has distributed a total of 29.996 million CNY in dividends since its A-share listing [3]. Group 3: Shareholder and Ownership Structure - As of June 30, 2025, Greebo had 28,500 shareholders, an increase of 16.95% from the previous period, with an average of 7,160 circulating shares per shareholder, a decrease of 17.65% [2]. - The third-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 1.4482 million shares, an increase of 41,600 shares from the previous period [3].

| 9.保荐业务工作底稿记录、保管是否合规 | 是 | | | | --- | --- | --- | --- | | 10.对上市公司培训情况 | | | | | （1）培训次数 | 1 次 | | | | （2）培训日期 | 年 2025 1 | 月 22 | 日 | | （3）培训的主要内容 | 市场政策、监管政策、上市公司违法 | | | | | 典型案例及常见违规事项提示等 | | | | 11.上市公司特别表决权事项（如有） | | | | | （1）持有特别表决权股份的股东是否持续符合 | | | | | 《股票上市规则》第 4.6.3 条/《创业板股票上 | 不适用 | | | | 市规则》第 4.4.3 条的要求； | | | | | （2）特别表决权股份是否出现《股票上市规则》 | | | | | 第 4.6.8 条/《创业板股票上市规则》第 4.4.8 条 | 不适用 | | | | 规定的情形并及时转换为普通股份； | | | | | （3）特别表决权比例是否持续符合《股票上市 | 不适用 | | | | 规则》/《创业板股票上市规则》的规定； | | | | | （4）持有特别表决权 ...

Core Viewpoint - Greebo (301260.SZ) has confirmed that its battery pack products are recognized by multiple robotics companies for use in humanoid robots, lawn mowing robots, and commercial cleaning robots, with ongoing discussions for further collaborations [1] Group 1 - The company's battery pack products are applicable in various robotic applications [1] - Greebo has already supplied products to some companies and is in talks for additional business opportunities [1] - Specific details regarding these collaborations are limited due to commercial confidentiality [1]

证券代码：301260 证券简称：格力博 公告编号：2025-061 截至近日，公司将暂时补充流动资金的闲置募集资金人民币 1,200 万元提前归还至公司募集资金专项账户，此次归还的募集资金 使用期限未超过 12 个月。公司已将上述募集资金归还情况通知了保 荐机构及保荐代表人。剩余暂时补充流动资金的闲置募集资金将在 到期前足额归还，届时公司将及时履行信息披露义务。 特此公告。 格力博（江苏）股份有限公司董事会 2025 年 9 月 18 日 关于提前归还部分暂时补充流动资金的闲置募集资 金的公告 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。 格力博（江苏）股份有限公司（以下简称"公司"）于 2025 年 6 月 19 日召开第二届董事会第十六次会议和第二届监事会第十四次会 议，分别审议通过了《关于使用部分闲置募集资金暂时补充流动资 金的议案》，同意公司在不影响募集资金投资项目（以下简称"募投 项目"）进度的前提下，使用不超过人民币 150,000 万元的闲置募集 资金暂时补充公司日常经营所需的流动资金，使用期限自董事会批 准之日起不超过 12 个月，到期之前 ...

Core Viewpoint - The article discusses the emergence of a new role in the robotics industry, akin to an Android operating system, which aims to bridge hardware differences and enable compatibility among various robotic systems for large-scale deployment in real-world scenarios [3][19]. Group 1: Industry Challenges - Different robot manufacturers are entering various application scenarios, but the lack of compatibility among their algorithms and hardware is hindering the transfer of successful experiences across different environments [5][19]. - Companies are investing significant resources in collaboration with robot manufacturers, but the return on investment (ROI) remains uncertain due to inconsistent machine efficiency and high operational costs [5][19]. - The complexity of deploying robots in real-world settings is exacerbated by the need for extensive adjustments and testing for each unique scenario, leading to prolonged proof of concept (POC) cycles [5][12]. Group 2: Middleware Development - Middleware is being developed to act as a unifying layer that can mask hardware differences and allow algorithms to be transferred across different robotic systems without the need for retraining [6][19]. - The middleware aims to serve as a "translator" between various robotic brains and operational commands, facilitating smoother integration and operation [7][8]. - Companies like Annu Intelligent are working on middleware solutions that could potentially streamline the deployment process and enhance the scalability of robotic applications [18][20]. Group 3: Learning and Adaptation - Robots face challenges in adapting to real-world conditions due to the limitations of offline reinforcement learning, which cannot encompass all possible scenarios [12][15]. - Real-time online learning algorithms are being explored to allow robots to learn and adapt during actual operations, thereby reducing the need for extensive offline training [13][15]. - The integration of physical laws into simulation environments is crucial for improving the accuracy of robotic learning and performance in real-world applications [14][15]. Group 4: Industry Dynamics and Future Outlook - Major players like Google and various Chinese companies are investing in middleware solutions, indicating a growing interest in creating standardized frameworks for robotic integration [17][18]. - The future of the robotics industry may hinge on whether a unified "operating system" can emerge, similar to that in the smartphone industry, despite the complexities and differing goals among hardware manufacturers and AI model developers [19][20]. - The success of middleware in bridging the gaps between manufacturers and application scenarios will be critical for achieving large-scale deployment of robotic systems [19][20].

Core Viewpoint - Greebo (301260) has announced a partnership with Zhejiang Zhiding to collaborate on the clean robot business, leveraging its advantages in the industrial chain and global market network to empower the collaboration [1] Company Summary - Greebo is actively engaging in the clean robot sector through a strategic partnership with Zhejiang Zhiding [1] - The company aims to utilize its industrial chain and global market network advantages to enhance the collaboration [1]

Group 1 - The company announced the convening of its first employee representative meeting on September 16, 2025 [2] - The meeting will review the proposal to elect Zhuang Jianqing as the employee representative director of the company's second board of directors [2] - Zhuang Jianqing was democratically elected by the employee representative meeting [2]