Core Viewpoint - Shanghai Kepler Robotics Co., Ltd. is focusing on strategic partnerships with listed companies in the automotive and robotics supply chain rather than traditional financial investors to enhance its capabilities and resources in the humanoid robotics sector [6][10]. Financing and Investment - Kepler completed an A+ round of financing on July 9, 2023, with new investors including listed companies Taotao Automotive and Furande, alongside previous investors from its A and Pre-A rounds [6][7]. - The company aims to build an industrial chain resource and address key component shortages in humanoid robotics, emphasizing that financial investors may not provide the necessary industry empowerment [6][10]. Industry Collaboration - The seven listed companies involved in Kepler's financing primarily focus on upstream component manufacturing and material supply, which can be leveraged for humanoid robotics development [8]. - Kepler is forming joint ventures with some of its investors to enhance collaboration and resource integration, such as establishing a company focused on robotic dexterous hands [9]. Product Development Strategy - Kepler adopts a "hardware-first" approach, believing that a stable and cost-effective hardware foundation is crucial for success in the humanoid robotics market [12][13]. - The company is developing both bipedal humanoid robots and wheeled robots, with the latter being seen as a transitional form for factory deployment [16]. Market Potential and Challenges - The humanoid robotics market is expected to see significant growth, with Kepler projecting a production capacity of 500 units per year from its new assembly plant [17]. - The company anticipates that its humanoid robots will be commercially viable in industrial settings, particularly for repetitive tasks, despite current challenges in scaling production [14][18]. Financial Considerations - Kepler's pricing strategy aims to provide a cost advantage in the market, with its "Pioneer K2" robot priced at approximately $30,000, which is competitive compared to traditional labor costs [13][17]. - The company is cautious about overextending financially, focusing on product development and market readiness before pursuing large-scale financing [18].

Summary of Key Points Core Insights - The report highlights the listing and trading activities of various ETFs and bonds on July 10, 2025, indicating a busy market day with multiple announcements regarding suspensions and resumption of trading for various financial instruments [1][2][3][4][5][6][7][8][9]. Group 1: Listings and Trading Activities - The report mentions the listing of 127110 Guanghe Convertible Bond and 301603 Qiaofeng Intelligent on July 10, 2025, marking significant events for these financial instruments [1]. - Several ETFs, including 159209 China Merchants CSI All-Share Dividend Quality ETF and 159232 Southern CSI All-Share Free Cash Flow ETF, announced dividend distributions and were temporarily suspended from trading during specific hours on the same day [1]. - The report notes that multiple ETFs, such as 159351 Jiashi CSI A500 ETF and 159355 Huabao CSI 800 Dividend Low Volatility ETF, also experienced similar trading suspensions due to dividend announcements [1]. Group 2: Special Suspensions - The report details the special suspension of stock 000545 Jinpu Titanium Industry due to significant asset restructuring and related transactions, effective from July 1, 2025 [2]. - Other financial instruments, including various SCPs from Zhonglin Group, have been suspended since November 21, 2023, indicating ongoing issues or restructuring within those entities [2][3][4][5][6][7][8][9]. Group 3: General Market Activity - The report reflects a general trend of increased market activity with multiple announcements of trading suspensions and resumption, indicating a dynamic environment for investors [1][2][3][4][5][6][7][8][9]. - The focus on dividend announcements and asset restructuring suggests a strategic shift among companies to enhance shareholder value and manage financial health [1][2][3][4][5][6][7][8][9].

Core Viewpoint - The announcement details the lifting of restrictions on certain shares of Qiaofeng Intelligent Equipment Co., Ltd., including both pre-IPO shares and strategic placement shares, allowing for their circulation on the market starting July 10, 2025 [1][2]. Group 1: IPO and Share Structure - The company has received approval from the China Securities Regulatory Commission for its initial public offering (IPO), issuing 30,190,000 shares, which began trading on July 10, 2024 [1]. - Following the IPO, the total share capital of the company increased from 90,570,000 shares to 120,760,000 shares, with 22,942,135 shares being unrestricted, representing 19.0% of the total [2]. Group 2: Restricted Shares and Shareholder Commitments - A total of 13,580,500 shares will be released from restrictions, accounting for 11.25% of the company's total share capital, with five shareholders involved in this release [11][12]. - Shareholders, including Nanjing Qiaorong Venture Capital Partnership and others, have committed to not transferring or managing their shares for 12 to 36 months post-IPO, ensuring compliance with legal and regulatory requirements [3][4][5]. Group 3: Compliance and Monitoring - The company will monitor the shareholders' compliance with their commitments during the share sale process, adhering to relevant regulations regarding share reduction [12][13]. - The underwriting institution has confirmed that the application for the release of restricted shares complies with all relevant regulations and that the shareholders have adhered to their commitments [14].

国投证券股份有限公司 关于乔锋智能装备股份有限公司 部分首次公开发行前已发行股份及首次公开发行 战略配售股份上市流通的核查意见 国投证券股份有限公司（以下简称"国投证券"或"保荐机构"）作为乔锋 智能装备股份有限公司（以下简称"乔锋智能"或"公司"）首次公开发行股票 并在创业板上市的保荐机构，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》《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》《深圳证券交易所上市公司自律监管指引第3号—— 保荐业务》等有关法律、法规和规范性文件的要求，对乔锋智能部分首次公开发 行前已发行股份及首次公开发行战略配售股份上市流通事项进行了核查，具体情 况如下： 一、公司首次公开发行股份概况及股份变动情况 经中国证券监督管理委员会《关于同意乔锋智能装备股份有限公司首次公开 发行股票注册的批复》（证监许可〔2024〕673号）同意注册，并经深圳证券交易 所同意，公司首次公开发行人民币普通股股票30,190,000股，并于2024年7月10日 在深圳证券交易所创业板上市。公司首次公开发行前总股本为90,570,000股，首次 公开发行股票完成 ...

乔锋智能装备股份有限公司 证券代码：301603 证券简称：乔锋智能 公告编号：2025026 关于部分首次公开发行前已发行股份及首次公开发行战略配售 股份上市流通的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，不存在虚假记 载、误导性陈述或者重大遗漏。 特别提示： 1、本次解除限售的股份为乔锋智能装备股份有限公司（以下简称"公司"或 "乔锋智能"）部分首次公开发行前已发行股份及首次公开发行战略配售股份； 2、本次解除限售股东共5名，持股总数为16,608,000股，占公司总股本的13.7 4%，本次解除限售股份数量为13,580,500股，占公司总股本的11.25%。其中，首次 公开发行前已发行股份解除限售的股东3名，持股总数10,570,000股,解除限售股份 的数量为7,542,500股，占公司股本总额的比例为6.25%；首次公开发行战略配售股 份解除限售的股东为2名，总持股数6,038,000股，占公司股本总额的比例为5.00%， 解除限售股份的数量为6,038,000股，占公司股本总额的比例为5.00%。 3、本次解除限售的股份的上市流通日期为2025年7月10日； 4、本次 ...

证券代码：301603 证券简称：乔锋智能 公告编号：2025023 乔锋智能装备股份有限公司 2025年第一次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，不存在虚假记载、 误导性陈述或者重大遗漏。 特别提示： 1、本次股东大会未出现否决议案的情形； 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开情况 （一）会议召开的时间 1、现场会议：2025年7月4日（星期五）15:00。 2、网络投票：2025年7月4日，其中通过深圳证券交易所交易系统进行网络 投票的时间为2025年7月4日9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券 交易所互联网投票系统投票时间为2025年7月4日9:15-15:00。 （二）现场会议召开的地点：广东省东莞市常平镇麦元村园华路103号六楼 会议室。 （三）股权登记日：2025年6月27日。 （四）会议召集人：公司董事会。 （六）会议主持人：董事长蒋修华先生。 （七）本次股东大会的召集、召开符合《中华人民共和国公司法》《上市公 司股东大会规则》等有关法律、行政法规、部门规章、规范性文件和《乔锋智能 ...

证券代码：301603 证券简称：乔锋智能 公告编号：2025024 二、备查文件 2025年第一次职工代表大会决议。 特此公告。 乔锋智能装备股份有限公司 董事会 乔锋智能装备股份有限公司 2025年第一次职工代表大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，不存在虚假记 载、误导性陈述或者重大遗漏。 一、会议召开情况 乔锋智能装备股份有限公司（以下简称"公司"）于 2025 年 7月 4 日召开职工代 表大会，本次职工代表大会会议的召集、召开程序符合《中华人民共和国公司法》 等法律法规、规范性文件的规定。 经与会职工代表认真讨论，审议通过《选举公司第二届董事会职工代表董事的 议案》：同意选举郑朝博先生为公司第二届董事会职工代表董事，职工代表董事任 期自本次职工代表大会选举通过之日起至第二届董事会届满之日止。郑朝博先生简 历见附件。 2025年7月5日 附件：郑朝博先生简历 郑朝博先生，中国国籍，无境外永久居留权，1984 年 4 月生，本科学历。历任 宁夏小巨人机床有限公司应用技术部室主任、技术开发部高级工程师；一工机器人 银川有限公司应用技术总监；乔锋智能装备股份有限公司应用技 ...

根据《公司法》《深圳证券交易所创业板股票上市规则》《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》等法律法规、规范性文 件以及《公司章程》的相关规定，公司于2025年7月4日召开了职工代表大会，经全 体与会职工代表表决，选举郑朝博先生（简历详见附件）为第二届董事会职工代表 董事，郑朝博先生与经公司股东会选举产生的第二届董事会非职工代表董事共同组 成公司第二届董事会，任期自公司职工代表大会选举之日起至公司第二届董事会任 期届满之日止。 郑朝博先生当选公司职工董事后，公司第二届董事会兼任公司高级管理人员以 及由职工代表担任的董事人数未超过公司董事总数的二分之一，符合相关法律法规 的要求。 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，不存在虚假记 载、误导性陈述或者重大遗漏。 一、部分董事辞职情况 乔锋智能装备股份有限公司（以下简称"公司"）董事会于2025年7月4日收到公 司非独立董事郑朝博先生递交的书面辞职报告。因公司内部工作调整，郑朝博先生 申请辞去公司第二届董事会非独立董事职务。郑朝博先生的任职期限原定为2025年 5月16日至2025年12月25日，郑朝博先生辞职后将 ...

北京市君泽君（深圳）律师事务所 关于乔锋智能装备股份有限公司 2025 年第一次临时股东大会的 法律意见书 北京市君泽君（深圳）律师事务所 广东省深圳市福田区金田路 4028 号荣超经贸中心 28 层、29 层 邮编：518035 电话：0755-33988188 传真：0755-33988199 北京市君泽君（深圳）律师事务所 关于乔锋智能装备股份有限公司 2025 年第一次临时股东大会的 法律意见书 （2025）君深意字第 263 号 致：乔锋智能装备股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）以及中国证券监 督管理委员会（以下简称"中国证监会"）发布的《上市公司股东会规则》（以下 简称"《股东会规则》"）的有关规定，北京市君泽君（深圳）律师事务所（以下 简称"本所"）受乔锋智能装备股份有限公司（以下简称"公司"）委托，指派律 师出席公司 2025 年第一次临时股东大会（以下简称"本次股东大会"），并就本 次股东大会的召集和召开程序、召集人资格、出席和列席会议人员资格、表决程序 及表决结果等事宜发表如下法律意见： 一、本次股东大会的召集、召开程序 本次股东大会的召集人为公司董事会， ...

Core Insights - The Chinese gantry machining center industry is experiencing robust growth, with a projected market size of 5.027 billion yuan in 2024, representing a year-on-year increase of 2.07% [1][16] - Significant advancements have been made in high-end and intelligent technologies within the domestic gantry machining center sector, with companies increasing R&D investments to overcome key technical challenges [1][16] - The localization rate of CNC systems, which serve as the "brain" of gantry machining centers, is gradually improving, laying a solid foundation for the industry's autonomous and controllable development [1][16] Industry Overview - Gantry machining centers are large CNC machine tools designed for precision machining of large workpieces and complex shapes, featuring a high-rigidity and stable processing platform [1] - The industry has evolved through four main stages: initial reliance on imports, a phase of independent R&D, industrialization, and a current focus on high-end transformation [6][7][9] Industry Development History - The industry began in the 1980s and 1990s, with a surge in demand for high-end machine tools leading to collaborations with international manufacturers to absorb CNC technology [6] - From 2000 to 2010, domestic companies began to break foreign monopolies, with significant advancements in five-axis gantry machining centers [7] - The period from 2011 to 2020 saw the establishment of a complete industrial chain, with key components achieving self-sufficiency [9] Industry Chain - The gantry machining center industry chain includes components, basic materials, and electrical elements, with downstream applications in aerospace, automotive manufacturing, and mold making [12] Market Size - The CNC system market in China is projected to reach 15.287 billion yuan in 2024, with a year-on-year growth of 5.55%, driven by increasing demand for high-precision and efficient processing equipment [14] Key Companies - Major players include Shenyang Machine Tool, Dalian Machine Tool, and private enterprises like Haitai Precision and Nuowei CNC, each competing in different market segments [18][20][22] - Haitai Precision is a leading domestic manufacturer with a market share of nearly 80% in heavy gantry machining centers, reporting a revenue of 1.755 billion yuan in 2024 [20] - Guosheng Intelligent Technology has shown significant growth, with a revenue increase of 16.48% year-on-year in Q1 2025 [22] Industry Trends - The industry is expected to embrace technological upgrades and intelligent development, integrating IoT, big data, and AI to enhance performance and efficiency [24] - The demand for high-precision machining equipment will continue to rise, particularly in emerging markets such as new energy vehicles and 3C electronics [25][26] - Domestic companies are likely to accelerate the process of replacing imports, while also facing intensified international competition [27]