Core Viewpoint - The company is focusing on effectively managing its funds to support strategic development and business layout, rather than distributing dividends or acquiring related companies, which may be seen as less efficient [1][2]. Group 1 - The subsidiary Dingzhi Technology has significant idle funds, raising questions about the lack of dividends or acquisitions [1]. - The company emphasizes the importance of improving operational performance to ensure long-term and sustainable returns for shareholders [2]. - Investors are encouraged to seek further information regarding Dingzhi Technology through the relevant investor relations channels [2].

证券代码：920593 证券简称：鼎智科技 公告编号：2025-162 二、 本次减持计划的主要内容 | | | 计划减 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名 | 计划减持 | 持数量 | 减持 | 减持 | 减持 | 拟减持 | 拟减持 | | | 数量 | 占总股 | | | 价格 | 股份来 | | | 称 | | | 方式 | 期间 | | | 原因 | | | （股） | 本比例 | | | 区间 | 源 | | | | | （%） | | | | | | | 常州鼎 | 不高于 | 1.18% | 集中竞 | 本公告披 | 根据 | 北交所 | 员工资 | | 利实业 | 2,235,808 | | 价或大 | 露之日起 | 市场 | 上市前 | 金需求 | | 投资合 | 股 | | 宗交易 | 15 个交易 | 价格 | 取得（含 | | | 伙企业 | | | | 日后的3个 | 确定 | 权益分 | | | （有限 | | | | 月内 | | 派转增 | | | 合伙） | | | | | ...

Market Overview - The Sci-Tech AI ETF Huaxia (589010) declined by 1.11%, underperforming the broader market, with a trading volume of approximately 37.48 million shares and a turnover of 5.294 billion yuan [1] - The Robot ETF (562500) slightly decreased by 0.19%, closing at 1.027 yuan, with a trading volume of about 9.02 billion yuan, indicating moderate trading activity [1] Industry Insights - Chinese technology companies are seen as a vital link connecting the world, contributing solutions while learning from global advancements, especially in the AI-driven robotics sector, which is viewed as a significant growth engine for the future [2] - The humanoid robot sector in China is experiencing active investment and financing, with 127 disclosed financing events amounting to 36.4 billion yuan from January to August 2025, reaching 1.8 times the total for 2024 [4] Company Developments - Dingzhi Technology is positioning itself as a core component supplier in the humanoid robot field, with stable orders from clients like Zhiyuan Robotics and multiple sample deliveries to various manufacturers [2] - Pingzhi Information has signed over 2.4 billion yuan in orders related to computing power business, with successful deployment of related server projects [3]

Group 1 - The core viewpoint of the news is that the robotics industry is showing positive momentum, with the China Securities Robotics Index outperforming major stock indices during the week of October 27 to November 2, 2023 [1][2] - The China Securities Robotics Index increased by 0.4%, outperforming the Shanghai Composite Index by 0.3 percentage points and the CSI 300 Index by 0.9 percentage points, while slightly underperforming the ChiNext Index by 0.1 percentage points [2] - Yushu Technology announced a new quadruped robotic dog, which reportedly has performance capabilities that are twice as powerful as its existing product, Go2, indicating significant advancements in mobility and load capacity [1][3] Group 2 - Zhiyuan established a Robotics Leasing Ecological Alliance, focusing on building an ecosystem for the robotics leasing industry, promoting standardization and scalability through the "Lingchuang Platform" [2] - Foxconn is deploying humanoid robots in its Houston factory specifically for the production of NVIDIA AI servers, marking a significant application of humanoid robots in high-end server manufacturing [2] - UQI, a subsidiary of UBTECH, showcased its "Full-Stack Unmanned Logistics Solution 2.0" at CeMAT ASIA 2025, introducing the Wali mobile robot, which represents an evolution in unmanned logistics capabilities [3]

Group 1 - The report highlights a significant shift in the M&A landscape driven by new policies, particularly the "National Nine Articles" and "M&A Six Articles," which are expected to stimulate the market starting in 2024 [3][12][17] - The report emphasizes the importance of "strong chain and supplementary chain" mergers, focusing on resource integration within the same group, external mergers in new productivity industries, and expansion through acquisitions [3][19] - As of November 2, 2025, a total of 37 significant investment and merger events have been disclosed on the Beijing Stock Exchange [21] Group 2 - The case study of Deer Chemical's acquisition of Runhe Potash highlights the strategic move to enhance its potassium nitrate business, with a purchase price of 44.54 million yuan for 100% equity [4][25] - Runhe Potash reported a revenue of 208.49 million yuan and a net profit of 20.61 million yuan for 2024, indicating a strong financial position prior to the acquisition [26] - Deer Chemical focuses on deep development and innovation within the nitrate industry, with core products including nitrate, potassium nitrate, and magnesium nitrate, which are widely used across various sectors [5][35] Group 3 - The report notes that the acquisition of Runhe Potash is expected to enhance Deer Chemical's market competitiveness and align with its long-term strategic goals [26][35] - The report outlines the characteristics of current M&A activities on the Beijing Stock Exchange, including a focus on cash acquisitions and the integration of businesses that complement core operations [18] - The report indicates that the M&A trend is increasingly becoming a mainstream strategy for companies seeking to diversify and optimize their operations [13][18]

证券代码：920593 证券简称：鼎智科技 公告编号：2025-161 江苏鼎智智能控制科技股份有限公司 2025 年第三季度报告业绩说明会预告公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 说明会类型 江苏鼎智智能控制科技股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日在北京证券交易所官网（www.bse.cn）披露了《2025 年第三季度报告》（公 告编号：2025-158）。为方便广大投资者更全面深入地了解公司 2025 年第三季度 经营业绩的具体情况，加强与投资者的交流互动，公司拟召开 2025 年第三季度 报告业绩说明会。 二、 说明会召开的时间、地点 （一）会议召开时间：2025 年 11 月 10 日（星期一）15:30-16:30。 （二）会议召开地点 本次业绩说明会将采用网络方式举行，投资者可登录中证路演中心 （https://www.cs.com.cn/roadshow/）参与本次业绩说明会。 三、 参加人员 公司董事、总经理：丁泉军先生 公司董事、财 ...

Core Insights - The company positions itself as a core component supplier in the humanoid robot sector, maintaining deep communication with downstream customers to respond to market demands [1] Product Overview - Core products include hollow cup motors, transmission components, linear motion modules, frameless torque motors, and rotary joint modules, all of which have achieved small batch shipments in the first three quarters [1] Partnerships and Collaborations - Stable order supply has been established through collaborations with Zhiyuan Robotics and Maita Intelligent, while small batch samples of motors and module products have been sent to multiple dexterous hand manufacturers, including Zhongke Lingxi, laying the foundation for deeper future cooperation [1]

证券代码：920593 证券简称：鼎智科技 公告编号：2025-160 江苏鼎智智能控制科技股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 √特定对象调研 □业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 10 月 30 日 活动地点：线上交流 参会单位及人员：深圳市尚诚资产管理有限责任公司、新疆前海联合基金管 理有限公司、开源证券研究所、创金合信基金管理有限公司、长江证券（上海） 资产管理有限公司、北京新华联产业投资有限公司、国富人寿保险股份有限公司、 金信基金管理有限公司、国融证券、阳光资产管理股份有限公司、华源证券研究 所、万得、东北证券、光大证券（排名不分先后） 上市公司接待人员：董事会秘书孙磊女士 三、 投资者关系活动主要内容 一、经营情况 鼎智科技 2025 年前三季度实现收入 1.92 亿元，同比增长 12.93%；毛利率 50.58%；归母净 ...

Financial Performance - Jiangsu Leili achieved a revenue of 3.008 billion CNY in the first three quarters of 2025, representing a year-on-year growth of 21.49% [2] - The net profit attributable to shareholders was 265 million CNY, up 9.92% year-on-year, while the net profit excluding non-recurring items was 241 million CNY, reflecting a growth of 2.01% [2] - The home appliance segment saw a revenue increase of 10% year-on-year, with Q3 growth exceeding 20% due to the strong performance of new products like refrigerator components and brushless motors for air conditioning [2] - The automotive parts segment experienced a significant revenue growth of 52% year-on-year, driven by the mass production of air conditioning compressor motors and lidar motors [2] - The industrial control segment's revenue grew by 31% year-on-year, supported by high-efficiency industrial motors supplied to the North American market [2] Cost and Profitability Challenges - The slower growth in net profit compared to revenue is attributed to seasonal price reductions from domestic home appliance clients, impacting profit margins [3] - The automotive parts segment is still in the capacity ramp-up phase, leading to higher fixed cost allocation and temporarily affecting gross margins [3] - Increased expenses are linked to accelerated overseas capacity expansion and investments in robotics, which have raised operational costs [3] Funding Allocation from Convertible Bonds - The automotive parts business is the primary focus for the upcoming financing, targeting capacity construction for products related to new energy vehicles [4] - A portion of the funds will be allocated to the expansion of overseas production bases in Vietnam, Malaysia, and Mexico to enhance global competitiveness [4] - Additional funds will support the R&D and production of core components for robotics, aiming to overcome technical challenges and provide high-performance products [4] Robotics Business Development - The company is advancing its dexterous hand products and has established stable orders for core components with various clients [5] - The acquisition of Sailent by subsidiary Dingzhi Technology is expected to enhance the company's capabilities in precision gearboxes, facilitating the integration of motor and gearbox modules [5] Future Focus Areas - In the home appliance segment, the company will ensure high-quality delivery of existing orders while negotiating 2026 orders with key global clients [5] - The automotive parts segment will concentrate on increasing production capacity and optimizing profitability in response to rising market demand [5] - The industrial control segment will focus on improving local production efficiency and quality control for high-efficiency motors, while promoting the commercialization of robotics components [5]

Core Insights - Dingzhi Technology (920593.BJ) reported its Q3 2025 results on October 29, 2025, with a total of 7 institutional investors holding shares, amounting to 72.98 million shares, which represents 38.38% of the total share capital [1] Institutional Holdings - The institutional investors include Jiangsu Leili Electric Co., Ltd., Changzhou Dingli Industrial Investment Partnership (Limited Partnership), China Construction Bank Co., Ltd. - E Fund National Robot Industry ETF, Shenzhen Mindray Technology Holdings Co., Ltd., and others, with a total institutional holding percentage of 38.38% [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 0.95 percentage points [1] Public Fund Holdings - In this period, 2 public funds increased their holdings, including E Fund National Robot Industry ETF and Dongcai Growth Preferred Mixed Initiation A, with an increase in holding percentage of 0.64% [1] - A total of 42 public funds did not disclose their holdings compared to the previous quarter, including several funds such as China Europe North Index 50 Component Index Initiation A and others [1]