Group 1 - The 16th plenary meeting of the China Artificial Intelligence Industry Development Alliance was held [1] - Guangdong supports the cultivation of vertical fields in "AI + industrial software" and intelligent robot service providers [2] - The "AI + film virtual shooting integration innovation laboratory" was inaugurated in Deqing, Zhejiang [3] Group 2 - Tencent's core technology for mixed AI Infra has been open-sourced, improving inference throughput by 30% [4] - Lushin Venture Capital and ICBC Investment have established an AI venture capital fund with a total investment of 1 billion yuan [5] - The company "Original Force Unlimited" launched its first consumer-grade embodied intelligence product [6] Group 3 - Yujian has commenced the mass production and delivery of the third batch of full-size industrial humanoid robots, ATOM, scheduled for 2026 [7] - Nvidia is close to finalizing an agreement to invest $20 billion in OpenAI's latest funding round [8] - Intel's CEO stated that the company is accelerating its GPU layout, with storage chip shortages potentially lasting until 2028 [9] Group 4 - OpenAI has improved the speed of the GPT-5.2/Codex model by 40% [10] - OpenAI plans to leverage AI to assist pharmaceutical companies in research and profit from it [11]

Core Viewpoint - The company,越疆科技, has commenced the mass production and delivery of its full-sized industrial humanoid robot, ATOM, for 2026, aiming to enhance efficiency in industrial applications [1] Group 1: Product Development - The ATOM robot is equipped with the self-developed DOBOT-VLA model, integrating visual perception, natural language understanding, and action generation to convert abstract instructions into structured task chains [1] - The model utilizes reinforcement learning and real-world data alignment, enabling the robot to understand commands and adapt to changes autonomously [1] Group 2: Company Vision - The founder of 越疆科技, Liu Peichao, emphasizes that the true milestone in AI development lies in its practical application to improve production line efficiency, shorten delivery times, and reduce accident rates [1] - Liu believes that AI's essence is not to replace humans but to redistribute work, increasing opportunities for those who effectively leverage AI to enhance their productivity [1] Group 3: Societal Impact - The significance of 越疆科技's humanoid robots is to create more "good jobs," liberating humans from dangerous, monotonous, and health-damaging environments, such as repetitive handling, dusty conditions, welding fumes, and high-intensity night shifts [1]

Group 1 - The company announced the grant of approximately 8.6385 million stock options to 37 grantees under the H-share stock option plan on February 3, 2026, with an exercise price of HKD 37.78 per H-share, subject to acceptance and compliance with the plan rules by the grantees [1] - Additionally, the company granted a total of 1.5313 million awards to 80 grantees under the H-share incentive plan on the same date, also subject to acceptance and compliance with the plan rules by the award recipients [1]

Core Viewpoint - The company, 越疆 (02432), has granted a total of approximately 8.6385 million stock options to 37 grantees under its H-share stock option plan, with an exercise price of HKD 37.78 per H-share, pending acceptance and compliance with the plan rules [1] Group 1 - On February 3, 2026, the company granted a total of approximately 1.5313 million awards to 80 grantees under its H-share incentive plan, also pending acceptance and compliance with the plan rules [1]

（於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 SHENZHEN DOBOT CORP LTD 深圳市越疆科技股份有限公司 茲提述(i)本公司日期為2025年9月15日的公告及通函（「通 函」）；及(ii)本公司日期 為2025年10月9日 的 投 票 表 決 結 果 公 告，內 容 有 關 採 納H股購股權計劃及H股 股 份 激 勵 計 劃。除 文 義 另 有 所 指 外，本 公 告 所 用 詞 彙 與 通 函 所 界 定 者 具 有 相 同 涵 義。 根 據H股購股權計劃授出購股權 董 事 會 欣 然 宣 布，於2026年2月3日，本 公 司 已 根 據H股購股權計劃向37名承授 人（「購股權承授人」）授出合共8,638,475份 購 股 權，惟 須 待 購 股 權 承 授 人 接 納 及 遵 守H股 購 股 權 ...

新京报贝壳财经讯（记者韦博雅）2月3日，新京报贝壳财经记者获悉，近日，越疆开启第三批全尺寸工 业人形机器人ATOM的2026年量产交付，并分批投入产业一线应用，越疆称，这标志着其人形机器人加 速迈入规模化场景应用新阶段。 据介绍，ATOM 人形机器人具备自主站起、强动态平衡及高精度装配能力，机器人搭载越疆自研 DOBOT-VLA（视觉-语言-动作）模型后，通过端到端技术融合视觉感知、自然语言理解与动作生成， 能将抽象指令转化为结构化任务链，并输出连续、可泛化的动作轨迹。深圳K11影院的爆米花机器人就 是其落地应用的典型案例。 ...

Market Overview - A-shares reached a low point but rebounded across the board, while Hong Kong stocks opened high but experienced a mid-day drop due to negative news, closing with a slight increase of 0.22% [1] - Gold stocks saw a rebound after a significant drop, with the expectation that the WanGuo Gold Group will report a profit of approximately 1.4 to 1.5 billion HKD for the fiscal year 2025, representing a year-on-year increase of about 143% to 161% [1] Industry Insights - The gaming industry faces potential tax rate adjustments, with rumors suggesting an increase from 6% to 32%, although experts indicate that such a high tax rate is not feasible under current VAT laws [2] - The release of Google's generative world model, Genie 3, has caused significant sell-offs in the gaming and advertising sectors, although experts believe it is premature to consider it a disruptive force in the gaming industry [2] Company Developments - Cambricon Technologies experienced a drop of over 14% due to negative reports, impacting the performance of the Sci-Tech 50 Index [3] - CIMC Group discussed its data center business, reporting over 1,000 MW of cumulative delivery and over 17,000 modules in various regions, with a focus on AI and cloud computing [4] - CIMC Group's stock rose nearly 15%, driven by its aerospace-related subsidiary, which also saw significant gains [4] Sector Performance - The storage industry saw a strong performance from major players like SanDisk and Micron, with SanDisk reporting a remarkable increase of 15.44% [5] - Macau's gaming revenue for January reached 22.633 billion MOP, a year-on-year increase of 24%, with expectations for further growth in February due to the Lunar New Year [5] - The engineering machinery sector is experiencing a strong demand for equipment replacement, with a projected need for approximately 200,000 excavators by 2026 [6] Technology Advancements - Apple reported a 16% year-on-year increase in revenue for Q1 of FY2026, driven by strong iPhone sales and recovery in the Chinese market [7] - The Zhejiang University unveiled a humanoid robot, Bolt, capable of reaching speeds of 10 m/s, marking a significant breakthrough in humanoid robotics [8] Corporate Expansion - China Merchants Port is expanding its overseas operations with new shipping routes, enhancing trade efficiency between North America and Europe [10] - The company operates 39 ports and 375 berths, with a focus on optimizing its overseas asset structure and expanding into emerging markets [11]

Core Insights - The company Yuejiang has initiated the mass production and delivery of its full-size industrial humanoid robot ATOM, marking a significant milestone towards its 2026 large-scale delivery goal [2][5] - This development signifies a new phase in the application of humanoid robots, as Yuejiang becomes one of the few companies to successfully establish a complete closed-loop for mass production and delivery applications [2][5] Production and Quality Control - The ATOM robot stands at 165 cm and undergoes a standardized full-process control from core component selection to assembly and testing [2][5] - Yuejiang has implemented a multi-level inspection system for quality control, covering incoming component inspections, assembly process monitoring, and overall performance testing [2][5] - Each ATOM robot must pass strict standardized tests on key metrics such as dynamic balance and motion accuracy to ensure performance consistency and high reliability [2][5] Technological Advancements - The ATOM is equipped with Yuejiang's self-developed DOBOT-VLA (Visual Language Action) model, which integrates visual perception, natural language understanding, and action generation [2][5] - This model allows the robot to convert abstract instructions into structured task chains and produce continuous, generalizable action trajectories [2][5] - By combining reinforcement learning with real-world data alignment, the robot can not only "understand requests" but also possesses the autonomous adaptability to "respond to changes" [2][5]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 深圳市越疆科技股份有限公司（「本公司」） 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02432 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 393,798,547 | RMB | | 1 RMB | | 393,798,547 | | 增加 / 減少 (-) | | | 0 | | | RMB | | | | 本月底結存 | | | 393,798,547 | RMB | | 1 RMB | | 393,798,547 | | 2. 股份分類 | 普通股 | ...

Core Viewpoint - The report from China Merchants Securities International predicts that the humanoid robot industry in China will experience significant growth by 2026 due to advancements in AI model capabilities, hardware technology maturity, cost reductions, and accelerated application scenarios, along with a surge in orders in the fourth quarter [1] Group 1: Recommended Companies - Recommended humanoid robot manufacturers include UBTECH Robotics (09880), Yujin Robot (02432), and Geek+ (02590) [1] - Cross-industry collaborative companies recommended are Tesla (TSLA.US) and Xpeng Motors (09868) [1] - Ecological companies to watch include Xiaomi Group (01810) and Midea Group (00300) [1] Group 2: Supply Chain Insights - The supply chain outlook is positive, focusing on technology convergence, with a favorable view on Minth Group (00425) in the Hong Kong stock market [1] - Companies expanding from intelligent driving to robotics, such as Hesai Technology (02525) and Horizon Robotics (09660), are also highlighted as promising [1] Group 3: Industry Trends - The humanoid robot industry in China is characterized by rapid incremental advancements and a full-chain explosion, particularly with the trend of large-scale production by overseas leaders by the end of the year [1] - Catalysts for growth include the release of Tesla's V3 and the listing of Yushu Technology, along with a significant number of new robot companies expected to go public in the Hong Kong market this year [1]