2025 年十一期间，首程控股开出首批 3 家机器人科技体验店，含 2 家永久店与 1 家成都春熙路太古里 快闪店，单日进店人数曾突破 10 万人，运营效果亮眼。该门店定位 2B2G 展示区，分 C 端消费级机器 人体验区和 B 端行业解决方案对接区，是其 C 端布局的核心实践。目前首程控股已构建 "线上直播间 + 线下品牌店" 的 C 端渠道体系，线上打造 "破壁人计划" 直播间，线下推出 "陶朱新造局" 品牌店，计划 半年内拓至 20 家；B 端则以 "甜点式" 露出推进，还带领合作方与越南最大运动鞋工厂洽谈合作，推动 机器人在制造业落地。 对于 2026 年机器人行业发展，首程控股判断，这将是机器人、具身智能走向 C 端的起点，而非成熟节 点。目前家庭端机器人仍以扫地机器人为主，其余品类尚处小众阶段，而 2025 年下半年集中发力的 AI 原生硬件，将让 2026 年行业呈现百花齐放的状态，各类形态机器人将进入家庭解决实际需求。康雨特 别指出，具身智能是 AI 在物理世界的载体，与人形机器人并非同一概念，二者未来终将交汇。在投资 决策上，公司摒弃爆品预判，以门店销售数据、直播间用户反馈作为客观依据，精准 ...

Group 1 - The company, Shoucheng Holdings (00697.HK), announced a share buyback on February 11, spending HKD 809,000 to repurchase 400,000 shares [1]

Group 1 - The company, Shoucheng Holdings (00697), announced a share buyback plan, spending HKD 809,500 to repurchase 400,000 shares [1]

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2月11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 2 頁 共 6 頁 v 1.3.0 | 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 ...

Core Insights - The AI潮玩 brand 奇妙拉 has launched new derivative products from its core IP 雷格斯 (RAGUS & WHITE) and disclosed its latest financing progress, having completed an angel round financing amounting to several tens of millions of RMB [1] Financing Details - The recent financing round was led by 锦秋基金, with 首程控股 participating and 沧澜资本 serving as the exclusive financial advisor [1] - The funds raised will primarily be allocated towards content ecosystem development and SKU matrix expansion [1] Company Background - 奇妙拉 was officially established in March 2025 under 银屿趣玩 (四川) 人工智能科技有限公司 and launched its first core IP 雷格斯 (RAGUS & WHITE) in June 2025 [1] - The brand positions itself distinctly in the market as an "AI潮玩" category, focusing on trendy aesthetics, collectible value, playability, and strong IP personality, differentiating itself from common AI toys or companion products [1]

Major Events - Xian Dao Intelligent (00470) received a subscription rate of 79.54 times for its public offering in Hong Kong, with a final issue price of HKD 45.8 per share [1] - Shishi Pharmaceutical Group (02005) is expected to win bids for 45 products in the national centralized procurement [1] - Gilead Sciences-B (01672) has selected the oral amylin receptor agonist peptide ASC36 for clinical development [1] - China Railway Construction (01186) recently won major projects totaling CNY 451.42 billion [1] - Shoucheng Holdings (00697) invested in Qimiao Labi through its subsidiary fund, focusing on expanding its product matrix around core intellectual property [1] - Minshi Group (00425) plans to establish a joint venture to produce aluminum body frame components [1] - Fubo Group (03738) has reached a strategic cooperation with Xinglu Technology [1] - Jin Xun Resources (03636) plans to increase capital by a total of USD 44 million for its overseas subsidiaries [1] - Changfei Optical Fiber and Cable (06869) experienced abnormal fluctuations in A-share trading, clarifying that it does not engage in CPO-related businesses [1] Operating Performance - SMIC (00981) reported Q4 revenue of USD 2.489 billion, a quarter-on-quarter increase of 4.5%, with a gross margin of 19.2% [1] - PCCW (00008) reported a loss attributable to shareholders of HKD 253 million for the fiscal year 2025, narrowing by 16% year-on-year [1] - WuXi Biologics (02269) issued a positive profit alert, expecting a year-on-year profit increase of approximately 46.3% to CNY 4.908 billion for the fiscal year 2025 [1] - Dongyue Group (00189) issued a positive profit alert, anticipating over 100% year-on-year growth in profit attributable to owners for 2025 [1] - Elephant Future Group (02309) issued a positive profit alert, expecting a mid-term profit attributable to owners of approximately HKD 178 million, reversing from a loss [1] - Sihuan Pharmaceutical (00460) issued a positive profit alert, expecting revenue of no less than CNY 2.5 billion for 2025, with a growth rate exceeding 30% compared to the previous year [1] - Beijing Automotive (01958) expects a net profit attributable to the parent company of approximately CNY 110 million to CNY 130 million for 2025, a year-on-year decrease of about 86.4% to 88.5% [1] - COFCO Joycome (01610) issued a profit warning, expecting a loss attributable to shareholders of approximately CNY 230 million to CNY 350 million, reversing from profit year-on-year [1] - New Town Development (01030) achieved a contract sales amount of approximately CNY 714 million in January, a year-on-year decrease of 29.79% [1] - Yue Yuen Industrial (00551) reported a net operating income of approximately USD 705 million in January, a year-on-year decrease of 12.5% [1] - Baoshan International (03813) reported a cumulative net operating income of CNY 1.748 billion in January, a year-on-year decline of 32.5% [1]

Core Viewpoint - The article discusses the emergence of AI潮玩 (AI Trend Toys) as a new paradigm in the toy industry, emphasizing the integration of AI technology to enhance user interaction and emotional connection with characters, moving beyond traditional static collectibles [9][10][14]. Company Overview - 奇妙拉比 (Qimiao Labi) recently completed a multi-million RMB angel round led by Jin Qiu Fund, with the aim of redefining the connection between IP and trendy toys through AI technology [3]. - The brand was established in March 2025, focusing on creating a sustainable AI潮玩 IP universe with a product system that includes hardware, character branches, accessories, and content updates [3][8]. Product Launch and Market Performance - The first core IP, 雷格斯 (RAGUS & WHITE), was launched in June 2025 as a desktop-level AI潮玩 product, designed to prioritize trendy aesthetics while incorporating AI for personality and interaction [4]. - Since its launch, RAGUS & WHITE has seen significant market acceptance, with high sales and engagement on platforms like Xiaohongshu, leading to a crash of their pre-order system due to high traffic [6]. Product Development and Future Plans - The recent "阴阳双生" series expands on the RAGUS IP, showcasing character evolution in different universe settings, aligning with the brand's philosophy of long-term IP growth [8]. - The angel round funding will focus on two main areas: content ecosystem development and SKU matrix expansion, aiming to enhance user interaction and explore collaborations with established IPs and artists [8]. Industry Insights - The article highlights a shift in consumer expectations from static collectibles to interactive experiences, suggesting that traditional潮玩 have reached their peak, while AI潮玩 represents the future of the industry [10][11][14]. - The integration of AI is seen as a way to provide characters with life-like qualities, enhancing user engagement and emotional connections, which is crucial for long-term brand loyalty [11][16]. Investment Perspective - Investors see significant potential in AI潮玩, viewing it as a new category that combines AI with traditional toy elements, offering unique user experiences [15][20]. - The early mover advantage of 奇妙拉比 in the AI潮玩 space is emphasized, with the belief that establishing a strong brand presence early on will lead to greater success in innovation and consumer engagement [20][22].

Core Insights - The company, Qimiao Labi, has launched a new product "Yin Yang Shuang Sheng" based on its core IP RAGUS&WHITE, and has completed its angel round financing amounting to several tens of millions of yuan, led by Jinqiu Fund [1][4] - Qimiao Labi aims to redefine the "AI trendy toy" category by emphasizing aesthetic appeal, collectibility, playability, and strong IP personality [2][3] - The brand's first core IP, RAGUS&WHITE, has shown strong market performance, achieving high sales and recognition in both online and offline channels [3][4] Product and Market Strategy - Qimiao Labi's product system includes "hardware + character branches + accessory ecosystem + surrounding collections + content updates," aiming to create a sustainable AI trendy toy IP universe [2] - The "Yin Yang Shuang Sheng" series represents the evolution of the same core personality in different universe settings, aligning with the brand's philosophy of "long-term growth" for its IP [4] - The company plans to invest financing funds into two main areas: content ecosystem development and SKU matrix expansion, focusing on enhancing user interaction and exploring collaborations with established IPs and artists [4] Financial and Investment Highlights - The angel round financing was facilitated by Shoucheng Holdings, which recognized the strong offline sales data and market acceptance of the RAGUS&WHITE product [3][4] - The brand has achieved significant traction, with RAGUS&WHITE consistently ranking among the top three products in sales since its launch on October 1, 2025 [3]

本集团未来将坚定不移地持续加大在机器人产业的投资布局，依托资本赋能与产业协同优势，深化业务 合作的深度与广度，拓展消费级机器人的商业化落地路径，加速推动消费级机器人实现规模化和产业化 发展。 首程控股(00697)发布公告，近日，本集团所属首程资本旗下公司(本公司的全资附属公司)所管理的基金 投资银屿趣玩(四川)人工智能科技有限公司(奇妙拉比)。本次投资将助力被投企业产品内容生态建设， 围绕核心知识产权(IP)推进产品矩阵扩展，进一步巩固人工智能(AI)潮玩赛道的领军地位。 奇妙拉比专注于创新重构IP与潮玩的联动模式，秉持"让AI成为IP的成长引擎"的核心理念，以潮流审美 与产品可玩性定义AI潮玩行业新范式。此次投资将为奇妙拉比在内容生态建设、核心IP产品矩阵扩展和 海外营销渠道建设等方面提供更大动能，进一步延展AI潮玩品类的商业价值边界，推动AI潮玩从新兴 品类成长为消费市场的主流选择。 ...

智通财经APP讯，首程控股(00697)发布公告，近日，本集团所属首程资本旗下公司(本公司的全资附属 公司)所管理的基金投资银屿趣玩(四川)人工智能科技有限公司(奇妙拉比)。本次投资将助力被投企业产 品内容生态建设，围绕核心知识产权(IP)推进产品矩阵扩展，进一步巩固人工智能(AI)潮玩赛道的领军 地位。 奇妙拉比专注于创新重构IP与潮玩的联动模式，秉持"让AI成为IP的成长引擎"的核心理念，以潮流审美 与产品可玩性定义AI潮玩行业新范式。此次投资将为奇妙拉比在内容生态建设、核心IP产品矩阵扩展和 海外营销渠道建设等方面提供更大动能，进一步延展AI潮玩品类的商业价值边界，推动AI潮玩从新兴 品类成长为消费市场的主流选择。 本集团未来将坚定不移地持续加大在机器人产业的投资布局，依托资本赋能与产业协同优势，深化业务 合作的深度与广度，拓展消费级机器人的商业化落地路径，加速推动消费级机器人实现规模化和产业化 发展。 ...