Core Insights - Greebo reported a slight decrease in revenue but an increase in net profit and profitability metrics for the first half of 2025, indicating a solid financial performance despite revenue challenges [1][2]. Financial Performance - The company achieved an operating income of 2.977 billion yuan, a year-on-year decrease of 0.49% [1]. - The net profit attributable to shareholders reached 133 million yuan, reflecting a year-on-year growth of 9.5% [1]. - The non-recurring net profit was 158 million yuan, up 31.91% year-on-year [1]. - The gross profit margin improved to 30.38%, an increase of 3.39 percentage points compared to the previous year [1]. - Basic earnings per share were 0.27 yuan, representing an 8% increase year-on-year [1]. Business Segments and Growth - Greebo has strengthened its competitive advantage in the lithium battery OPE sector, catering to diverse needs from household users to professional landscaping companies [2]. - The sales performance of key products showed significant growth, with lawn mowers generating 787 million yuan (up 5.95%), zero-turn mowers at 175 million yuan (up 63.02%), and power tools at 120 million yuan (up 72.95%) [2]. - The third-generation robotic lawn mower launched in Europe, featuring advanced sensor technologies, saw a sales revenue increase of 68.92% year-on-year, becoming a new growth point for the company [2]. Production and Supply Chain - Greebo has established a collaborative manufacturing base across China, Vietnam, and the United States, focusing on core technology development and localized production [3]. - The company is advancing the construction of its Vietnam manufacturing base, which has already commenced production for U.S. products, with the second phase of construction starting in July [3]. Strategic Initiatives - The company is accelerating its entry into the intelligent robotics sector through strategic partnerships, including investments in Zhejiang Zhidong and Annu Intelligent [4]. - Greebo's collaboration with Zhiyuan Innovation aims to leverage strengths in product development and smart manufacturing to enhance the commercial cleaning robot industry [4]. - A new investment fund has been established in partnership with Hengtai Huasheng to explore opportunities in the "robotics + artificial intelligence" sector, focusing on early to growth-stage high-potential projects [5].

Core Points - Greebo (301260.SZ) closed at 21.91 yuan, experiencing a decline of 8.44%, currently in a state of breaking issue [1] - The company was listed on the Shenzhen Stock Exchange's ChiNext on February 8, 2023, with an issuance of 12.154 million shares at a price of 30.85 yuan per share [1] - The stock reached its highest price of 41.88 yuan on February 9, 2023, the day after its listing [1] - Greebo's total fundraising amount was 374.95 million yuan, with a net amount of 354.44 million yuan after deducting issuance costs, exceeding the original plan by 8.84 million yuan [1] - The funds raised are intended for various projects, including the construction of a smart manufacturing base for 5 million pieces of new energy garden machinery and the development of new energy unmanned lawn mowers [1] Financial Details - The total issuance costs amounted to 20.51 million yuan, with Citic Securities receiving 16.12 million yuan as underwriting and sponsorship fees [2]

Core Insights - Greebo reported a revenue of 2.977 billion yuan and a net profit of 133 million yuan for the first half of 2025, marking a year-on-year growth of 9.50% in net profit and 31.91% in net profit after deducting non-recurring items [1] - The company is entering the smart robotics sector through strategic partnerships with leading companies in the field, which is seen as a new growth opportunity [1][4] Financial Performance - Greebo's core products showed strong revenue performance, with the lawn mower segment achieving sales of 787 million yuan, a year-on-year increase of 5.95% [2] - The lithium battery-powered lawn mowers generated sales of 175 million yuan, reflecting a significant growth of 63.02% [2] - The third-generation lawn mowing robot launched in Europe saw a sales revenue increase of 68.92% compared to the same period last year [2] - Electric tools under the greenworks brand achieved sales of 120 million yuan, with a remarkable growth of 72.95% [2] Sales Channels - Greebo has established a comprehensive sales model covering "supermarkets + e-commerce + distributors," with over 12,000 stores globally selling its products [3] - E-commerce sales reached 1.2 billion yuan, accounting for 40.6% of the company's main business revenue, showing a year-on-year growth of 14% [3] Production Capacity - Since 2018, Greebo has established manufacturing bases in Vietnam and the United States, achieving strategic synergy across its three major production sites [3] Strategic Partnerships - Greebo is collaborating with Zhiyuan Innovation to explore the global robotics market, leveraging each other's strengths in product development and channel construction [4] - The company has signed a cooperation agreement with Zhejiang Zhiding to support the industrialization of commercial cleaning robots, enhancing global market penetration [4] - In August, Greebo co-founded an investment partnership to accelerate its expansion into the smart robotics and artificial intelligence sectors [4][5] Future Outlook - Through investments and partnerships, Greebo aims to strengthen its business layout in the smart robotics field, leveraging its manufacturing technology and supply chain advantages [5]

Core Insights - Greebo, a leading global company in the new energy garden machinery sector, reported a stable performance in its core business while actively expanding into the "robotics + artificial intelligence" field, showcasing a positive development trend [1] Group 1: Financial Performance - For the first half of 2025, Greebo achieved an operating revenue of 2.977 billion yuan, remaining stable compared to the same period last year [1] - The company reported a net profit attributable to shareholders of 133 million yuan, representing a year-on-year increase of 9.50% [1] - The non-recurring net profit attributable to shareholders reached 158 million yuan, a significant year-on-year growth of 31.91% [1] - The gross profit margin improved to 30.38%, an increase of 3.39 percentage points year-on-year, indicating enhanced profitability [1] - Basic earnings per share were 0.27 yuan, up 8% year-on-year [1] Group 2: Core Business and Market Position - Greebo continues to strengthen its competitive advantage in the lithium battery OPE sector, catering to diverse needs from household users to professional landscaping companies with a multi-voltage battery pack system [2] - The company has established a comprehensive online and offline distribution network, partnering with international retail giants and reaching over 12,000 physical stores globally [2] - Key product sales in the first half of 2025 included lawn mowers generating 787 million yuan (up 5.95%), zero-turn mowers with sales of 175 million yuan (up 63.02%), and power tools with sales of 120 million yuan (up 72.95%) [2] - The third-generation lawn mowing robot launched in the European market has received a positive market response, with sales revenue increasing by 68.92% year-on-year [2] Group 3: Production Capacity and Strategic Initiatives - Greebo has established a collaborative manufacturing base across China, Vietnam, and the United States, focusing on core technology research and high-value product localization [3] - The company is advancing the construction of its Vietnam production base to respond to changes in the international trade environment, with the first phase already operational and the second phase having commenced construction in July [3] Group 4: Strategic Expansion into Robotics - Greebo has made significant strides in the robotics sector by partnering with leading companies in the embodied intelligence industry, marking its entry into the smart robotics market [4] - The company has completed investments in Zhejiang Zhidong and Annu Intelligent, and signed a cooperation agreement with Zhejiang Zhidong to jointly target the commercial cleaning robot market [4] - Greebo has also established an investment partnership to explore high-potential projects in the "robotics + artificial intelligence" field, focusing on key technologies such as motor control and battery management [4] - Analysts believe that Greebo's strategic investments in the robotics sector will create a differentiated competitive advantage and position it for future growth [4]

Core Insights - The company has successfully transitioned from an OEM model to owning its own brands, significantly increasing its product value and market presence [3][4] - The establishment of proprietary brands like Greenworks and POWERWORKS has allowed the company to capture a larger market share and enhance its pricing power, with proprietary brand sales accounting for 78.91% of total revenue in 2024, up from less than 40% in 2021 [4] - The company is focusing on the development of autonomous products, marking a significant shift in the landscaping tools industry, with plans to expand its product offerings in this area [6][8] Company Strategy - The company has adopted a long-term approach to business, emphasizing compliance, brand building, and technological innovation [8] - A strategic partnership with Zhiyuan Robotics aims to enhance the company's capabilities in the robotics market, focusing on high-end segments in the U.S. [6] - The company is investing 300 million yuan to establish an AI industry investment fund, targeting early to growth-stage projects in robotics and AI, which will strengthen its technological edge [7] Product Development - The company has pioneered the use of lithium battery technology in landscaping tools since 2007, differentiating its products in the market [4] - The introduction of autonomous products, such as the third-generation robotic lawn mower, showcases the company's commitment to innovation and efficiency [6] - The product range now includes items priced from 100 dollars for small tools to 40,000 dollars for large commercial equipment, reflecting a diverse and high-value product matrix [3]

证券代码：301260 证券简称：格力博 公告编号：2025-056 格力博（江苏）股份有限公司 关于召开 2025 年第一次临时股东大会的通知 根据《中华人民共和国公司法》等法律法规和《格力博（江苏） 股份有限公司章程》（以下简称《公司章程》）等公司内部制度的有 关规定，经格力博（江苏）股份有限公司（以下简称"公司"）第二 届董事会第十七次会议审议通过，决定于2025年9月16日（星期二） 召开2025年第一次临时股东大会。现将会议有关事项通知如下： 一、召开会议的基本情况 1. 股东大会届次：格力博（江苏）股份有限公司 2025 年第一次 临时股东大会 2. 股东大会的召集人：格力博（江苏）股份有限公司董事会 3. 会议召开的合法、合规性：公司第二届董事会第十七次会议审 议通过了《关于提请召开 2025 年第一次临时股东大会的议案》，本 次股东大会会议召开符合有关法律、行政法规、部门规章、规范性文 件和《公司章程》的相关规定。 4. 会议召开的日期、时间： 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。 ①通过深圳证券交易所交易系统进行网络投票的具体时间为 ...

证券代码：301260 证券简称：格力博 公告编号：2025-046 格力博（江苏）股份有限公司 第二届监事会第十五次会议决议公告 本公司及监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。 一、监事会会议召开情况 格力博（江苏）股份有限公司（以下简称"公司"）第二届监事 会第十五次会议于 2025 年 8 月 27 日在公司会议室以现场方式召开。 公司于 2025 年 8 月 17 日以电子邮件形式发出会议通知。本次会议应 出席监事 3 人，实际出席监事 3 人。会议由监事会主席高乃新先生召 集并主持。本次会议的召集、召开和表决程序符合《中华人民共和国 公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以 下简称《证券法》）等有关法律法规及《格力博（江苏）股份有限公 司章程》（以下简称《公司章程》）的相关规定。 二、监事会会议审议情况 经各位监事认真审议，表决通过了以下议案： （三）审议通过《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》 （一）审议通过《关于〈2025 年半年度报告〉及其摘要的议案》 经审查，监事会认为：董事会编制的《格力博（江 ...

证券代码：301260 证券简称：格力博 公告编号：2025-045 一、董事会会议召开情况 格力博（江苏）股份有限公司（以下简称"公司"）第二届董 事会第十七次会议于 2025 年 8 月 27 日在公司会议室以现场结合通 讯的方式召开。公司于 2025 年 8 月 17 日以电子邮件形式发出会议 通知。本次会议应出席董事 7 人，实际出席董事 7 人，其中非独立 董事陈寅、宋琼丽及独立董事任海峙、肖波、徐翔以通讯方式出席 会议。会议由公司董事长陈寅先生召集并主持，公司监事、高级管 理人员列席本次董事会。本次会议的召集、召开和表决程序符合 《中华人民共和国公司法》《中华人民共和国证券法》等有关法律 法规及《格力博（江苏）股份有限公司章程》（以下简称《公司章 程》）的相关规定。 二、董事会会议审议情况 经各位董事认真审议，形成了如下决议： （一）审议通过《关于〈2025 年半年度报告〉及其摘要的议案》 格力博（江苏）股份有限公司 经审议，董事会认为：公司 2025 年半年度报告及其摘要的编制 和审核程序符合相关法律法规、规范性文件及《公司章程》的规定， 报告内容真实、准确、完整地反映了公司 2025 年半年度 ...

格力博（江苏）股份有限公司 监事会关于 2024 年股票期权激励计划预留授予激励 对象名单（授予日）的核查意见 证券代码：301260 证券简称：格力博 公告编号：2025-053 综上，列入 2024 年股票期权激励计划预留授予激励对象名单（授 予日）的人员的主体资格合法、有效。 特此公告。 格力博（江苏）股份有限公司监事会 2025 年 8 月 29 日 格力博（江苏）股份有限公司（以下简称"公司"）监事会依据 《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股权激 励管理办法》《深圳证券交易所创业板上市公司自律监管指南第 1 号 —业务办理》《格力博（江苏）股份有限公司章程》（以下简称"《公 司章程》"）、《2024 年股票期权激励计划（草案）》的有关规定， 对 2024 年股票期权激励计划预留授予激励对象名单（授予日）进行 核查，发表核查意见如下： 1、拟授予激励对象符合《公司法》《证券法》《公司章程》规定 的任职资格；符合《深圳证券交易所创业板股票上市规则》规定的激 励对象条件，包括：1、不存在最近 12 个月内被证券交易所认定为不 ...

证券代码：301260 证券简称：格力博 公告编号：2025-051 格力博（江苏）股份有限公司 关于向激励对象预留授予股票期权的公告 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"）2024 年第 三次临时股东大会已决议实施 2024 年股票期权激励计划（以下简称 "本激励计划"），根据公司 2024 年第三次临时股东大会的授权， 公司于 2025 年 8 月 27 日分别召开第二届董事会第十七次会议和第二 届监事会第十五次会议，审议通过《关于向激励对象预留授予股票 期权的议案》，认为本激励计划规定的授予条件已成就，同意向激 励对象预留授予股票期权，有关情况如下： 一、股权激励计划简述及已履行的相关审议程序 （一）股权激励计划简述 1、激励方式：本激励计划采用的激励工具为股票期权。 2、股票来源：本激励计划的股票来源为公司定向增发 A 股普通 股。 3、授予数量：本激励计划授予的股票期权不超过 979.00 万份， 占本激励计划草案公告之日公司股本总额的 2.00%。其中，首次授 予 944.00 万份，占本激励 ...