深圳市越疆科技股份有限公司 章 程 （2025年8月） | 第一章 | | | | | | | | | | 總則 | | | | 3 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 第二章 | | | | | | | | | | 經營宗旨和範圍 | | | | 5 | | 第三章 | | | | | | | | | | 股份 | | | | 5 | | 第四章 | | | | | | | | | | 股東和股東會 | | | | 13 | | 第五章 | | | | | | | | | | 董事會 | | | | 35 | | 第六章 | | | | | | | | | | 總經理及其他高級管理人員 | | | | 47 | | 第七章 | | | | | | | | | | 監事會 | | | | 49 | | 第 八 章 | 財 | 務 會 | 計 | 制 | 度、利 | 潤 分 | 配 | | 和 | 審 | | | 計 | 52 | | 第九章 | | | | ...

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所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 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2432） 修訂公司章程 茲提述深圳市越疆科技股份有限公司（「本公司」）日期分別為2025年6月3日、2025 年7月15日 及2025年7月22日的公告（「公 告」），內 容 有 關 根 據 一 般 授 權 配 售 新H 股。除 文 義 另 有 所 指 外，本 公 告 所 有 詞 彙 與 公 告 內 所 界 定 者 具 有 相 同 含 義。 本公司已完成本次H股 配 售。本 次H股 配 售 完 成 後，鑒 於 本 公 司 根 據 一 般 授 權 配售新H股後總股本增至423,295,400股，建 議 變 更 公 司 註 冊 資 本 並 相 應 修 訂 本 公司章程（「章 程」 ...

Core Viewpoint - The 2025 World Robot Conference (WRC) showcased significant advancements in robotics, highlighting the industry's rapid evolution and the emergence of investment opportunities in a trillion-dollar market [1][4][14]. Group 1: Event Highlights - The WRC featured over 1,500 exhibits from more than 200 domestic and international robotics companies, with over 100 new products launched, marking a record for domestic robotics exhibitions [1]. - Humanoid robots were a major focus, demonstrating capabilities in various activities such as combat, soccer, and marathon running, showcasing their advanced evolution [1]. - Notable innovations included combat robots with enhanced performance, soccer robots capable of autonomous ball recognition and shooting, and running robots with improved stability for complex movements [1]. Group 2: Application Scenarios - Three primary application scenarios for robotics were identified: 1. Industrial applications focusing on handling and sorting, which are seen as the most feasible for initial deployment in factories [6]. 2. Commercial applications, including robots in supermarkets and pharmacies for item retrieval and entertainment through robot competitions [6]. 3. Consumer-facing applications, particularly robots designed for children and elderly care, highlighting the growing market for personal assistance robots [6]. Group 3: Technological Advancements - Significant advancements were noted in hardware, with reduced costs and improved performance, including specialized components for various operational needs [7]. - The development of "small brain" technology has led to smoother operations in robots, enhancing their balance and agility [8]. - The "big brain" technology, while still developing, has shown progress in environmental recognition and cloud-based control systems, allowing for coordinated operations among multiple robots [8]. Group 4: Market Trends and Investment Opportunities - The robotics sector is experiencing inevitable volatility, but the long-term upward trend is clear, with increasing certainty as the industry matures [9]. - Investment strategies should focus on established hardware sectors and the ongoing technological advancements that will drive future growth [12]. - The overall market is transitioning into a positive cycle, with increasing resilience and opportunities for investment in technology sectors, including robotics [13]. Group 5: Future Outlook - The robotics industry is expected to mature, with a solidifying fundamental base that will reflect positively in the stock market [14]. - Chinese companies are positioned to benefit from industry growth due to their rapid technological advancements and cost advantages [15]. - The focus on high-quality stock selection and long-term investment strategies is essential for navigating the evolving landscape of the robotics sector [16].

Core Viewpoint - The 2025 World Robot Conference (WRC) showcased significant advancements in robotics, highlighting the industry's rapid evolution and the emergence of substantial investment opportunities in a trillion-dollar market [1][2][8]. Group 1: Event Highlights - The WRC featured over 1,500 exhibits from more than 200 domestic and international robotics companies, with over 100 new products launched, marking a record for domestic robotics exhibitions [2]. - Humanoid robots were a major attraction, demonstrating capabilities in combat, soccer, and marathon running, showcasing their evolution and versatility [3][4]. Group 2: Application Scenarios - Three primary application scenarios for robotics were identified: 1. Industrial automation focusing on handling and sorting tasks, which are seen as the most readily deployable applications in factories [10]. 2. Commercial applications, including robots that assist in supermarkets and pharmacies, as well as entertainment through robot competitions [11]. 3. Consumer-facing scenarios, particularly those targeting children and the elderly, such as companion robots for learning and rehabilitation [11]. Group 3: Technological Advancements - Significant progress was noted in hardware, with reduced costs and improved performance, including specialized components for various operational needs [13]. - The development of "small brain" technology has enhanced robots' operational fluidity and balance, allowing for more complex movements and interactions [14]. - The "big brain" technology is evolving, enabling robots to perform tasks through cloud-based control, which reduces costs and enhances collaborative operations [14]. Group 4: Market Trends and Investment Strategies - The robotics sector is experiencing inevitable volatility as it matures, with a wave-like market performance observed over the past three years [16]. - Investment strategies should focus on established hardware sectors while also looking for growth in emerging technologies that enhance robots' capabilities [19]. - The overall market is transitioning into a positive cycle, with increasing resilience and clarity in investment opportunities, particularly in technology sectors [21][22]. Group 5: Future Outlook - Chinese companies are well-positioned to benefit from the robotics industry's growth due to their rapid technological advancements and cost optimization [25]. - The focus on high-quality stock selection and long-term investment strategies is essential for navigating the current market landscape [26][28].

Company Overview - Recently, Yuezhan Technology Co., Ltd. (越疆) has undergone a business change, increasing its registered capital from approximately 404 million yuan to about 423 million yuan, representing an increase of around 5% [1][2] - The company was established in 2015 and is led by legal representative Liu Peichao [1][2] Business Scope - Yuezhan's business scope includes integrated circuit design and research, robotics engineering technology research and application, investment in industrial ventures, and domestic trade [1][2] - The company is involved in the development and sales of various technologies and products, including robotics, 3D printers, laser engraving machines, and artificial intelligence electromechanical products [2]

2025世界机器人大会余温未散，人形机器人运动会已火力全开：足球激战、武术争锋、搏击对抗……机 器人用钢铁之躯上演体育竞技，运动力已经Next Level！而其中，众擎机器人、优必选等机器人的"心 脏"就藏在深圳留仙大道一带的"机器人谷"。 45年前，留仙洞一带还是一片岭南田野风光。而随着深圳经济特区的发展与腾飞，45年后的留仙大 道"机器人谷"已成为闪耀的产业地标。 从留仙洞地铁站出发，沿留仙大道一路向前，优必选、大疆、众擎机器人、越疆、宇树科技等顶尖"机 器人玩家"在此集结，人工智能与机器人产业成群成势发展，产业集聚效应加速显现，推动广东建设更 具国际竞争力的现代化产业体系。 今天，带你第一视角穿越中国"机器人大道"。 美国有"硅谷" 深圳有"机器人谷" 这是中国的"机器人大道" 百家顶尖企业集结成军 最近，机器人可太火爆了！ 这里不止是产业高地 更是深圳创新的里程碑 全国每6家机器人企业 就有1家扎根深圳 深圳有7.4万家机器人企业 数量位居全国第一 大疆 全球无人机市占率高达85% 普渡科技 深圳机器人"八大金刚"之一 10万+台机器人远销全球 帕西尼 触觉传感器出货量全球第一 灵巧手感知精度达 0. ...

Group 1 - The core point of the article is that the company 越疆 (02432.HK) has recently undergone a business change, increasing its registered capital from approximately 404 million to about 423 million [1] - The company was established in 2015 and is represented by Liu Peichao [1] - The business scope of the company includes integrated circuit design and research, robotics engineering technology research and application, investment in industrial ventures, and domestic trade [1]

Core Insights - The 2025 World Robot Conference (WRC) in Beijing marked a significant shift in the robotics industry from showcasing technology to practical applications, with a focus on commercial viability and real-world scenarios [1] Group 1: Trends in Robotics - Trend 1: Increased product density and comprehensive supply chains, with over 200 companies showcasing more than 1,500 exhibits, including over 100 new products, nearly double from last year [2] - Trend 2: Robots are transitioning from mere demonstrations to practical applications in factories, with many humanoid robots now capable of performing complex tasks in simulated real-world environments [3] - Trend 3: A price war is emerging, with humanoid robot prices dropping significantly, such as the starting price of the Yushun R1 at 39,900 yuan, but low prices do not equate to low capabilities [4][5] Group 2: Technological Innovations - Trend 4: The VLA (Vision-Language-Action) model is gaining traction, enabling robots to understand and interact with their environment more effectively, as demonstrated by the Galbot in a supermarket setting [6]

Group 1 - Luxshare Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange, with discussions ongoing with relevant intermediaries [4] - The world's first "pregnancy robot" prototype is expected to be launched within a year, priced under 100,000 yuan, designed to replicate the human pregnancy experience [5] - The animated film "Wang Wang Mountain Little Monster" has achieved a box office of over 574 million yuan, setting a record for domestic 2D animated films in China [10] Group 2 - The China Automobile Circulation Association reported a 2.17% year-on-year increase in used car transactions for the first seven months, with a total of 11.23 million vehicles traded [10] - Zhiyuan Robotics has secured a multi-million yuan order from Fulian Precision, marking a significant commercial milestone for industrial embodied robots [11] - The Beijing Economic and Technological Development Zone aims to produce 10,000 embodied intelligent robots by the end of 2027, supported by ten comprehensive measures [14] Group 3 - Dell has denied rumors regarding an "exit plan timeline," stating that the information circulating is false [20] - Tesla is set to release a significant update to its Full Self-Driving (FSD) software next month, promising major improvements in handling rare road conditions [20] - Apple is reportedly preparing to launch a new low-cost MacBook with an A18 Pro processor, aiming to disrupt the laptop market with a starting price between $599 and $699 [31]

Group 1 - The core sentiment at the 2025 World Robot Conference is the tangible application of robots in various scenarios, contrasting with previous years' focus on skill demonstrations [1][2] - Over 200 domestic and international robot companies participated, showcasing more than 1,500 robot products, marking a record for domestic robot exhibitions [2] - Companies are actively exploring the commercial application of robots in real-world scenarios, with significant orders reported, such as over 2,000 humanoid robots ordered by Songyan Power, primarily for the education sector [3][4] Group 2 - The current capabilities of robots are limited to specific tasks, with advancements needed in their "brain" capabilities to handle more complex scenarios [5][6] - The industry faces challenges such as insufficient "brain" development, limited application scenarios, and manufacturing precision issues, which hinder humanoid robot progress [6][8] - The development of a unified end-to-end model or general model is seen as essential for humanoid robots to advance to higher levels, with significant breakthroughs expected in the next 2 to 3 years [8][9] Group 3 - The industry is focusing on creating a closed loop of "data-model-scene validation" to accelerate the commercialization of robots and expand their application [8][9] - Companies are utilizing innovative approaches, such as combining physical simulation with synthetic data to enhance robot training and performance in real-world environments [9]