Core Viewpoint - The investment by the company in the 华夏中核清洁能源 REIT represents a significant step towards the valuation reassessment and revitalization of high-quality clean energy infrastructure assets, contributing to the high-quality development of the clean energy industry and the improvement of the green financial system [1] Group 1 - The investment is made through the company's wholly-owned subsidiary, 首程基石, in the 华夏中核清洁能源 REIT, which is backed by the Xinjiang 波波娜 Hydropower Station, the largest operational hydropower project in the region [1] - The successful listing of the 华夏中核清洁能源 REIT aligns with national REITs strategic deployment and "dual carbon" policy goals, serving as an innovative practice for social capital participation in green energy infrastructure construction [1] - The company plans to continue increasing its investment in China's smart infrastructure asset sector, leveraging its first-mover advantage in the REITs field and collaborating with leading industry players to create a closed-loop management service for the entire lifecycle of smart infrastructure assets [1]

自願公告 關於投資華夏中核清潔能源REIT 本公告乃由首程控股有限公司（「本公司」，連同其附屬公司「本集團」）自願發出。 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，概不對因本公告全 部或任何部份內容 而産生或因倚賴該等內容而引致的任何損失承擔任何責任。 承董事會命 首程控股有限公司 主席 趙天暘 香港，2026年2月2日 於本公告日期，董事會包括執行董事趙天暘先生（主席）、李浩先生（副主席）、許華 傑先生及劉景偉先生；非執行董事彭吉海先生及何智恒先生；獨立非執行董事王鑫博士 、張泉靈女士、諸葛文靜女士、張建偉博士及謝其潤女士。 本公司董事會欣然宣佈，近日，本集團所屬首程基石旗下公司（本公司之全資附屬公司 ）參與投資華夏中核清潔能源封閉式基礎設施證券投資基金(「華夏中核清潔能源REIT 」)。本次投資進一步推動優質清潔能源基礎設施資產的價值重估與存量盤活，對推動 清潔能源行業高質量發展、完善綠色金融體系具有重大意義。 華夏中核清潔能源REIT以中國核工業集團有限公司下屬非核綠色能源板塊新疆波波娜 水電站作為底層資產，是當前新疆和田地 ...

专题：《硬核AI客》 当消费级机器人从实验室展台走向生活场景，当"送礼送科技"成为春节新潮流，一场关于智能生活的革 命正悄然发生。《硬核AI客》第三期正片上线，本期我们走进陶朱新造局——国内首个机器人线下体 验店，这里不仅藏着适配家庭、儿童、银发族的全场景智能产品，更开创了"投资+体验+销售+售后"的 全新行业模式。 从3秒上手的空气电吉他到棋艺高超的元萝卜下棋机，从情感陪伴的萌友机器人到能编程变形的乐森金 刚，每一款产品都在重新定义科技与生活的距离；而"古艺新造"的品牌初心、灵活多元的空间设计、销 服一体的保障体系，更让我们看到机器人行业从"产品爆发"到"生态成熟"的进阶之路。 本期节目聚焦由首程控股有限公司运营的机器人消费体验品牌"陶朱新造局"，其运营模式集展示、体 验、互动与消费于一体，定位为智能生活空间。以"玩得起、看得见、买得到"为理念，旨在破解机器人 产品的认知与消费壁垒。 罗宁：又有文化的深意。 叶芊：对，古艺新造，古艺新造。 姜艺童：那我进店之后发现这个店的布局也很特别，有展厅，有这种演示区，还有大家可以交流互动的 空间。这个布局、这个动线有没有什么用意？ 叶芊：这个其实我们在设计这条产品线的 ...

Core Insights - Morgan Stanley has raised its forecast for China's humanoid robot sales in 2026, expecting a 133% increase this year to 28,000 units, doubling the previous estimate of 14,000 units [1] - The humanoid robot market in China is projected to grow exponentially, from approximately 12,000 units in 2024 to 262,000 units by 2030, and reaching 2.6 million units by 2035 [1] Industry Growth and Cost Reduction - The production costs for robots are expected to decline, lowering the purchase threshold; raw material costs for robot production in China are anticipated to decrease by 16% this year [3] - By 2035, global component prices are expected to drop by about 70%, leading to significant price reductions for humanoid robots [3] - Prices for humanoid robots in middle and low-income countries, including China, are projected to fall from $50,000 in 2024 to approximately $21,000 by 2050 [3] Market Penetration and Application - By 2036, the number of humanoid robots in use globally is expected to reach 25.4 million, accounting for 2% of the overall robot market, with this share increasing to 13% by 2040 and 42% by 2044 [3] - By 2050, the global deployment of humanoid robots may exceed 1 billion units, with over half of these applications in middle and high-income countries [3] China's Dominance in Humanoid Robotics - China is currently the largest market for humanoid robot applications, with over 80% of the global deployment expected by 2025 [3] - The domestic humanoid robot industry has begun extensive market promotion, with several manufacturers partnering with the CCTV Spring Festival Gala to showcase their products [4][5] Investment and Industry Trends - The increasing presence of robot manufacturers at the Spring Festival Gala reflects three major industry trends: focus on consumer-level applications, reaching the C-end market, and transitioning from experimental technology to commercial deployment [7] - A report by IDC indicates that the humanoid robot market will experience explosive growth in 2025, with an estimated shipment of 18,000 units and sales of approximately $440 million, marking a year-on-year increase of about 508% [7] Government Support and Competitive Landscape - Since 2015, the Chinese government has prioritized robotics as a key industry, leading to rapid development and the establishment of over 150 humanoid robot companies [8] - The government has implemented policies to support the robotics industry, aiming for China to achieve international leadership in robotics by 2035 [8] - Elon Musk has acknowledged that China's humanoid robot sector poses the most significant competition for Tesla, highlighting China's manufacturing capabilities and advancements in AI technology [9]

Core Insights - Morgan Stanley has raised its forecast for China's humanoid robot sales in 2026, expecting a 133% increase this year to 28,000 units, doubling the previous estimate of 14,000 units [1] - The humanoid robot sales in China are projected to grow exponentially, from approximately 12,000 units in 2024 to 262,000 units by 2030, and reaching 2.6 million units by 2035 [1] Group 1: Market Growth and Projections - The production cost of robots is expected to decline, lowering the purchase threshold for humanoid robots, with raw material costs in China projected to decrease by 16% this year [3] - By 2035, global prices for related components are expected to drop by about 70%, leading to significant price reductions for humanoid robots [3] - The average price of humanoid robots in middle and low-income countries, including China, is expected to fall from $50,000 in 2024 to approximately $21,000 by 2050 [3] - In developed countries like the U.S., the average price is projected to decrease from $200,000 to $75,000 in the same timeframe [3] - By 2036, the number of humanoid robots in use globally is expected to reach 25.4 million, accounting for 2% of the overall robot market, with this share increasing to 13% by 2040 and 42% by 2044 [3] Group 2: Industry Trends and Developments - The humanoid robot industry in China is entering a phase of market promotion, with several manufacturers collaborating with the CCTV Spring Festival Gala to showcase their products [4][5] - The participation of multiple robot manufacturers in the Spring Festival Gala reflects three key industry trends: focus on consumer-level applications, reaching the C-end market, and transitioning from experimental technology to commercial deployment [7] - A report by IDC indicates that the humanoid robot market will experience explosive growth in 2025, with an estimated shipment of 18,000 units and sales revenue of approximately $440 million, marking a year-on-year increase of about 508% [7] - Chinese manufacturers are leading the market, with companies like Zhiyuan Robotics and Yushutech being significant players in terms of shipment volume [7] Group 3: Competitive Landscape - Since 2015, when China prioritized robotics as one of its top ten key industries, the sector has seen rapid development, with over 150 humanoid robot companies currently operating [8] - Government support has been crucial, with policies aimed at enhancing R&D and promoting the integration of robots into economic and social frameworks [8] - China possesses unique advantages in manufacturing application scenarios and data collection capabilities, which are critical for the development of embodied intelligence [9] - Elon Musk has acknowledged that China's humanoid robot sector represents the most formidable competition for Tesla, highlighting China's strengths in large-scale manufacturing and AI technology [9]

Core Viewpoint - The company, 首程控股 (00697), announced a share buyback plan, indicating a strategic move to enhance shareholder value by repurchasing shares at a cost of HKD 826,500 for 400,000 shares [1] Group 1 - The share buyback is scheduled for January 30, 2026, reflecting the company's confidence in its financial position and future prospects [1]

Group 1 - The company, 首程控股 (00697.HK), announced a share buyback on January 30, 2026, spending HKD 826,500 to repurchase 400,000 shares [1] - The buyback price ranged from HKD 2.04 to HKD 2.07 per share [1]

智通财经APP讯，首程控股(00697)发布公告，于2026年1月30日，该公司斥资82.65万港元回购40万股股 份。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 首程控股有限公司 呈交日期： 2026年1月30日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00697 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件 ...

Core Viewpoint - The article discusses the collaboration of four robotics companies with the Central Radio and Television General Station for the 2026 Spring Festival Gala, highlighting the growing integration of robotics in entertainment and the potential commercial opportunities in the robotics sector [13][14]. Summary by Sections Robotics Companies Involved - Four robotics companies have partnered with the 2026 Spring Festival Gala: Songyan Power as the humanoid robot partner, Galaxy General Robotics for the designated embodied large model robot, and Magic Particles as the strategic partner for intelligent robots. Yushu Technology is also involved, marking its third collaboration with the gala [13][14]. Market Reactions and Stock Performance - Following the announcement, robotics stocks experienced a surge, with Tianqi Co., Ltd. (002009.SZ) and Baida Precision (603331.SH) hitting the daily limit, and Okoyi (688308.SH) rising over 11.26%. The robotics index (884126.W) increased by 0.15% [13]. Industry Expectations and Challenges - There are high expectations for the robots' performance at the gala, but industry insiders caution that the actual results may not meet these expectations. The challenge lies in the perception that robots can perform a wide range of tasks, while the reality may be limited to pre-programmed actions [14][15]. Commercialization and Future Prospects - The robotics industry is transitioning from experimental technology to commercial applications, with a focus on consumer-level and performance-related uses. The collaboration at the gala is seen as a pivotal moment for defining the commercial landscape of robotics in China [15][16]. Technological Development and Market Readiness - Despite the excitement surrounding the robotics sector, experts indicate that the industry is still in its early stages, with significant advancements needed before achieving practical, intelligent applications. The next few years will be critical for overcoming challenges related to real-world understanding and autonomous operation [15][16].