Core Insights - Zhongjian Technology has submitted a listing application to the Hong Kong Stock Exchange, with Ping An Securities (Hong Kong) and Guotai Junan Securities (Hong Kong) as joint sponsors [1] Company Overview - Zhongjian Technology is a high-tech enterprise primarily engaged in the research, design, production, and sales of outdoor power equipment, including wheeled outdoor equipment (such as riding and push lawn mowers) and handheld outdoor tools (such as chainsaws and brush cutters) [1] - The company ranks among the top ten outdoor power equipment manufacturers in China based on global revenue projections for 2024 [1] Market Potential - The global outdoor power equipment market is substantial and continues to grow, expected to reach USD 32 billion by 2029 [1] - The smart lawn mower and intelligent robot markets show significant potential, with projected compound annual growth rates of 51.8% and 118.9% from 2024 to 2029, respectively [1] Business Expansion - Zhongjian Technology is expanding its business scope by focusing on the research and manufacturing of advanced intelligent robots, having successfully launched its first smart lawn mower, UNICUT H1, and quadruped robot, Lingrui P1, in August 2024 [1]

本届总决赛花落郑州，既是国家层面对郑州市创新生态的充分肯定，更是对郑州建设国家创新高地 的有力助推。作为全国首批双创示范基地，郑州正着力构建政产学研金服用协同创新体系，为中小企业 发展提供全生命周期服务。 本届总决赛入围项目科技含量高、创新成色足，覆盖电子信息、新能源、智能装备、医疗健康等关 键创新领域。此外，项目还涵盖低空经济、人工智能、元宇宙、智能机器人等10余个前沿赛道，形成多 领域协同、硬科技主导的创新矩阵，充分展现我国中小企业在前沿科技领域的创新实力与发展潜能。 这场"国字号" 创新创业盛会，不仅是一场创新实力的大比拼，更是一次产业链、创新链、资金 链、人才链在中原腹地的深度耦合。除主体赛事外，本届总决赛还设置了多项配套活动，包括第十 届"创客中国"大赛全国企业组50强、创业组10强项目负责人交流会，大中小企业融通产业对接活 动，"创客中国"大赛创新成果展、实物展，"创客中国"优质企业郑州行活动等。 自2016年首次举办以来，"创客中国"大赛累计汇聚参赛项目将近24万个，在"创客中国"舞台上涌现 出了一大批高质量创新创业项目，有的是产业链延链补链的关键技术，有的是助推传统产业高端化、智 能化、绿色化 ...

Core Viewpoint - Zhejiang Zhongjian Technology Co., Ltd. has submitted an application to list on the Hong Kong Stock Exchange, positioning itself as a leading manufacturer in the outdoor power equipment sector in China, with plans to expand into the intelligent robotics market [1][3]. Company Overview - The company specializes in the research, design, production, and sales of outdoor power equipment and has established itself as a significant player in the industry through continuous technological innovation and high product quality [3]. - Zhongjian Technology has developed an intelligent lawn mowing robot, marking its entry into the smart robotics sector, while also focusing on advanced intelligent robot development [3][5]. - The company exports its products to over 50 countries and regions, with a significant portion of sales coming from Europe and North America, serving various applications such as landscaping, lawn care, agriculture, and urban management [3][5]. Product Portfolio - The product range includes wheeled outdoor equipment suitable for efficient mowing tasks, featuring strong power systems and enhanced operational comfort, with key products being riding mowers and push mowers [4]. - Handheld outdoor tools are designed for ease of use and efficiency, catering to home gardening and professional landscaping needs, including chainsaws, brush cutters, blowers, and hedge trimmers [4]. - The company has developed multiple proprietary brands, including "TOPSUN" and "Zhongjian," to diversify revenue sources and reduce reliance on single products or markets [4]. Financial Performance - Revenue figures for the company show a growth trajectory, with revenues of RMB 512.43 million in 2022, RMB 666.62 million in 2023, and projected revenues of RMB 970.89 million in 2024 [9]. - The net profit for the same periods was approximately RMB 27.41 million in 2022, RMB 48.12 million in 2023, and is projected to reach RMB 61.51 million in 2024 [10]. - Research and development expenditures have also increased, reflecting the company's commitment to innovation, with R&D spending of RMB 28.35 million in 2022, RMB 30.60 million in 2023, and projected to rise to RMB 72.68 million in 2024 [11]. Industry Overview - The global outdoor power equipment market is substantial and continues to grow, with a projected market size of USD 25.7 billion in 2024, expected to reach USD 32 billion by 2029, reflecting a compound annual growth rate (CAGR) of 4.5% [12]. - The smart lawn mower market is anticipated to experience rapid growth, with projections indicating an increase from USD 1.2 billion in 2024 to USD 9.9 billion by 2029, representing a remarkable CAGR of 51.8% [12][14]. - The intelligent robotics market is also on the rise, expected to grow from USD 500 million in 2024 to USD 27.4 billion by 2029, with a CAGR of 118.9% [15].

Core Viewpoint - Zhejiang Zhongjian Technology Co., Ltd. has submitted its application for listing on the Hong Kong Stock Exchange, positioning itself as a leading manufacturer in the outdoor power equipment sector in China, with plans to expand into the intelligent robotics market [1][3]. Company Overview - The company specializes in the research, design, production, and sales of outdoor power equipment and has established itself as a significant player in the industry through continuous technological innovation and high product quality [3]. - Zhongjian Technology has developed an intelligent lawnmower, marking its entry into the intelligent robotics field, and aims to provide efficient, environmentally friendly, and smart outdoor power equipment and robotics products globally [3][5]. Product Range - The product portfolio includes wheeled outdoor equipment and handheld tools, catering to various operational environments and user needs. Key products consist of riding mowers, push mowers, chainsaws, brush cutters, blowers, and hedge trimmers [4]. - The company has established multiple brands, including "TOPSUN" and "Zhongjian," to diversify revenue sources and reduce reliance on single products or markets [4]. Market Presence - Zhongjian Technology's products are exported to over 50 countries and regions, with significant sales in Europe and North America, primarily used in landscaping, lawn care, agricultural maintenance, and urban landscape management [3][5]. Financial Performance - The company's revenue for the years 2022, 2023, and projected for 2024 is RMB 512.43 million, RMB 666.62 million, and RMB 970.89 million, respectively [6][7]. - Net profit for the same years is approximately RMB 27.41 million, RMB 48.12 million, and RMB 61.51 million, respectively [8]. R&D Investment - Research and development expenditures for 2022, 2023, and projected for 2024 are RMB 28.35 million, RMB 30.60 million, and RMB 72.68 million, respectively, indicating a strong commitment to innovation [9]. Industry Overview - The global outdoor power equipment market is projected to reach USD 25.7 billion in 2024, growing to USD 32 billion by 2029, with a compound annual growth rate (CAGR) of 4.5% [10]. - The intelligent lawnmower market is expected to grow from USD 1.2 billion in 2024 to USD 9.9 billion by 2029, with a remarkable CAGR of 51.8%, highlighting the potential for market disruption [10][12].

Fundraising and Expansion Plans - Demingli plans to raise no more than 3.2 billion yuan for the expansion of solid-state drives and memory products, including a smart storage management and R&D headquarters project [1] - Nuo Puxin intends to issue A-shares to raise no more than 1.45 billion yuan for blueberry base expansion and international R&D center projects [4] - Anglikang aims to raise no more than 1.16 billion yuan for innovative drug R&D and industrialization projects [5] Management Changes - Shangwei New Materials elected Peng Zhihui as the chairman of the fourth board of directors [2] - Fusenmei's vice president and board secretary Zhang Fengshu is under investigation, with operations expected to remain normal [3] Mergers and Acquisitions - Guosheng Technology plans to acquire 100% equity of Fuyue Technology for 240.6 million yuan, which will positively impact the company's development [6] - China Aluminum's subsidiary Yun Aluminum plans to acquire stakes in three aluminum companies for a total of 2.27 billion yuan [12] Share Transfers and Control Changes - Xinyaqiang's controlling shareholder transferred 94,420,253 shares at 20.76 yuan per share, totaling 1.96 billion yuan, changing the controlling shareholder to a private equity fund [7] - Junting Hotel's controlling shareholder is planning a change in control, leading to a temporary stock suspension [8] Investments and Strategic Initiatives - Dayang Electric is investing 10 million yuan in a private equity fund focused on robotics, enhancing its strategic positioning in the industry [13] - Huashi Technology is increasing its investment in a robotics company to expand its AI application scenarios [14] Stock Buybacks and Shareholder Actions - Century Huatong has secured a loan commitment of up to 900 million yuan for stock repurchase [12] - Wanrun shares' controlling shareholder plans to increase holdings between 365 million and 730 million yuan to boost investor confidence [15]

Group 1: Company Overview - The company specializes in the research, production, and sales of aviation equipment, primarily serving military clients with products applicable to helicopters, fixed-wing aircraft, and drones [1][2] - During the 14th Five-Year Plan period, the company has successfully entered the mass production phase for several product models [2] Group 2: Business Segments - The main revenue source is from aviation equipment, while the intelligent robotics segment currently has no orders [2] - The company aims to provide military-focused intelligent special equipment solutions while also expanding into civilian products to ensure sustainable development [2] Group 3: Technology and R&D - The company possesses core technologies such as servo control and high-precision transmission, which can be applied to both military and civilian robotics [3] - The intelligent robotics division focuses on high-load and high-stability requirements, with a commitment to developing proprietary hardware components [2][3] Group 4: Market Strategy and Future Plans - The company is cautious about mergers and acquisitions, considering shareholder interests and strategic alignment with existing operations [3] - There is no specific timeline for the rollout of intelligent robotics products, as they will be customized based on market demands [2]

来源：环球网 2025年11月21日，"2025 宝山・智能机器人产业大会暨嘉年华"在智慧湾科创园开幕。来自智能机器人 企业、具身智能技术企业、核心部件企业、应用场景企业以及高校的嘉宾和 200 多位专业观众参加了本 次开幕式。共同见证智能机器人产业领域的年度盛会开幕，为宝山智能机器人产业发展凝聚政企研协同 合力。 现场发布了《宝山区高质量推动人形机器人产业创新发展行动方案》，明确了未来三年发展目标与路 径。 主旨论坛上，三位行业专家带来关于智能机器人的前沿观点。 开幕式上，上海机器人产业园供应链平台启动上线，有效打通产业链资源壁垒。宝山具身智能数据采集 中心启动，为智能机器人发展提供数据要素支撑。上海中小企业集成制造赋能中心揭牌，精准服务中小 企业创新需求。 宝山区与上海伊艾克斯机器人有限公司等一批优秀智能机器人及关键零部件项目顺利完成重点项目签 约。 上海市经信委二级巡视员韩大东在致辞中指出，智能机器人产业是推进新型工业化的重要支撑，更是重 塑产业格局、赋能经济发展与社会进步的关键变革力量。也是发展新质生产力的重要方向。上海一直高 度重视机器人产业发展，在强化顶层设计、加大产品供给、落实应用推广、完善产业 ...

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Zhejiang Zhongjian Technology Co., Ltd. 浙江中堅科技股份有限公司 (the "Company") (A joint stock company incorporated in the Peo ...

本报讯(记者矫月)近日，专注于半导体、人工智能、电子芯片等高科技领域的樱芯云(上海)科技有限公 司(以下简称"樱芯云科技")宣布完成天使轮融资，融资金额达到970万元，投资方为深圳市天皓实业投 资控股有限公司(以下简称"天皓实业")。此次融资将为樱芯云科技的研发、市场拓展和人才培养提供强 有力的资金支持，助力其进一步巩固在行业内的领先地位。 樱芯云科技的未来发展目标是，努力成为推动行业发展的领军企业，为科技进步和社会发展贡献更多力 量。公司表示，将继续秉承创新精神，不断提升自身核心竞争力，以满足市场和客户的需求。 樱芯云科技自成立以来，始终秉承"创新驱动、品质至上、客户为先"的发展理念，致力于为市场提供高 品质的半导体和人工智能解决方案。 本次融资的成功，标志着樱芯云科技在资本市场上的首次亮相，也反映了市场对其发展潜力的认可。据 悉，深圳市天皓实业投资控股有限公司对樱芯云科技的技术实力和市场前景给予了高度评价，并表示将 全力支持其未来发展。 樱芯云科技表示，此次融资将主要用于以下几个方面：一是技术研发。加大在人工智能、半导体、电子 芯片等领域的研发投入，提升产品技术含量，保持行业领先地位；二是人才培养。吸引和 ...

Investment Rating - The investment rating for the company is "Buy" [4] Core Insights - The company achieved revenue of 1.255 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 18.70%, and a net profit attributable to shareholders of 181 million yuan, up 13.86% year-on-year [1][4] - In Q3 2025 alone, the company reported revenue of 469 million yuan, a year-on-year increase of 13.65% and a quarter-on-quarter increase of 11.83%, with a net profit of 68 million yuan, reflecting a year-on-year growth of 4.01% and a quarter-on-quarter growth of 16.04% [1][4] - The company is strengthening its core business, with micro drive systems generating revenue of 498 million yuan in H1 2025, up 20.51% year-on-year, and precision injection molding parts achieving revenue of 239 million yuan, up 16.25% year-on-year [2] - The company is actively expanding into the smart automotive sector, establishing long-term partnerships with major clients such as Bosch, BYD, and Li Auto, and is also focusing on consumer and medical technology applications [2] - The company is making breakthroughs in high-end applications of intelligent robotics, with the launch of innovative dexterous hand technologies that feature multiple degrees of freedom and advanced sensing capabilities [3] Financial Performance Summary - For 2025, the company is projected to achieve net profits of 261 million yuan, 331 million yuan, and 443 million yuan for the years 2025, 2026, and 2027 respectively, with year-on-year growth rates of 15.9%, 26.8%, and 33.8% [3] - The earnings per share (EPS) are expected to be 1.08 yuan, 1.37 yuan, and 1.84 yuan for the years 2025, 2026, and 2027 respectively [3] - The company's revenue is forecasted to grow from 1.870 billion yuan in 2025 to 2.956 billion yuan in 2027, with growth rates of 22.6% and 26.8% [7]