以下文章来源于睿兽Pro ，作者Bestla 睿兽Pro . 创业邦旗下横跨一二级市场的科创数据平台。实时投资数据、追踪产业创新。找数据、做分析、链资 源，就上睿兽分析。 全球投融资周报 睿兽分析每周整理当周最值得关注的国内外热门投融资事件，帮助大家及时了解全球市场动向。 一级市场投融资概览 根据睿兽分析监测数据，本周国内一级市场披露的融资事件111个，与上周相比减少17个，其中已披 露融资金额的事件41个，总融资规模为63.55亿元人民币，平均融资金额为1.55亿元人民币。 行业分布 从融资事件数量来看，本周人工智能、智能制造、医疗健康领域融资最活跃。分别为人工智能27个、 智能制造26个、医疗健康17个。 从已披露金额事件的融资规模来看，物流仓储最高，融资总规模约为25.00亿元人民币。其中工业物 流服务提供商 「普洛斯GLP」 获25亿人民币 A轮融资。 普洛斯专注于供应链、大数据及新能源领域新型基础设施的产业服务与投资管理公司。公司结合投资 与运营专长，致力于为客户及投资者持续地创造价值，业务遍及全球多个国家和地区。 其次是人工智能行业，已披露融资总额为16.28亿元人民币。其中工业机器人智能解决方案 ...

Group 1 - The core viewpoint of the news is the strategic partnership agreement signed between UBTECH and Infini Capital, involving a total financing commitment of $1 billion to support UBTECH's industrial layout and technological development [1][2] - Infini Capital will provide a strategic financing credit line of $1 billion, which includes options for share placement, convertible bond subscription, and cash withdrawal rights, enhancing UBTECH's capacity for significant industrial investments [1] - The collaboration aims to leverage both parties' strengths to invest in the humanoid robot industry chain, assist UBTECH in building a robust ecosystem, and expand into the Middle Eastern market by establishing a joint venture and a super factory [1][2] Group 2 - Infini Capital has a diversified investment portfolio focusing on strategic emerging technologies, artificial intelligence, humanoid robots, and smart manufacturing, with significant investments in various high-tech companies [2] - The partnership signifies international confidence in China's humanoid robot industry, following previous investments from major sovereign wealth funds in UBTECH [2] - UBTECH has established collaborations with leading companies in various sectors, and its Walker S series industrial humanoid robots have been deployed in numerous factories globally, indicating its market leadership [2][3]

隆盛科技（300680.SZ）系列点评一 ➢ 产线升级加速推进 智能制造能力全面提升。电机铁芯半总成主要部件包括 定子总成（铁芯、绕组、绝缘材料等）、转子总成（铁芯、磁钢、转轴等），极 大提高了产品附加值及核心竞争力。隆盛茂茂致力于半总成业务，于 2024 年 11 月设立，2024 年 12 月获得博世半总成项目定点，2025 年 1 月获得赛力斯半总 成项目定点，2025 年 6 月实现了第一套定转子半总成产品成功下线，从成立到 产品落地仅用 7 个月，展现强劲成长动能。 25Q2 盈利承压 机器人部件+整机全面推进 2025 年 08 月 31 日 ➢ "核心部件+整机研发"双路径推进 控股蔚瀚智能布局谐波与关节执行器。 公司已形成"核心部件+整机研发"的双路径推进模式：一方面，依托自身工业 场景搭建机器人整机并持续迭代优化；另一方面，凭借对机器人产业链的深度洞 察，在灵巧手总成、谐波减速器及关节模组等核心部件上实现多点突破，持续推 动人形机器人技术进阶。2025 年 5 月，公司完成对无锡蔚瀚智能科技有限公司 的工商变更登记，正式将其纳入控股子公司体系，标志着双方在精密谐波减速器 及一体化关节执行器领 ...

以下文章来源于睿兽Pro ，作者创业邦研究中心 睿兽Pro . 创业邦旗下横跨一二级市场的科创数据平台。实时投资数据、追踪产业创新。找数据、做分析、链资 源，就上睿兽分析。 2025H1，中国CVC新增备案基金84只，同比下降20%，涉及基金总规模451.1亿元，其中有16只CVC新增 备案基金规模达到10亿人民币。新增基金集中备案在广东和浙江两个地区。 224家CVC参与中国投资事件406件，已披露投资金额总额726.92亿元，智能制造和人工智能赛道关注度呈 现出 "断层领先" 。投资地区集中在广东、北京、上海、江苏、浙江五地，投资轮次上早期事件数量最 多。 2025H1，中国CVC参与中国大额投资事件17起（企业单轮融资额度在1亿美金及以上），2025Q2中国 CVC在大额投资事件参与度达到55%，成为2024年以来占比最高的季度。上半年共137家中国企业完成 IPO，其中受中国CVC支持的企业数量为46家，CVC渗透率为33.58%。 本文福利：睿兽分析《 2025H1中国企业创投CVC发展报告》已上线，微信公众号后台回复"25 CVC " ， 即可 免费领取简版完整报告。 基金概况 第二季度有所回暖 ...

国内外销售多点开花。公司全球营销战略规划清晰，针对国内外市场的差异化特征，制定了针对性销售 策略。在国内市场，重点聚焦央国企大型项目招投标，2025H1，公司相继中标中广核1.5GW、华润电 力1.81GW、武汉天源1.18GW、四川华电767MW、宁夏交通建设700MW 等大额组件采购订单，央国企 大型项目中标规模稳居行业第三；在海外市场，公司积极拓展新兴区域，加速布局全球销售网络， 2025H1，渠道网络新覆盖迪拜、巴基斯坦、哥伦比亚、斯里兰卡、乌克兰、立陶宛、肯尼亚等超 20 个 国家，产品与解决方案已推广至全球近百个国家和地区，海外出货表现稳健。 系统集成业务稳健发展。2025H1，绿能科技在传统业务领域攻坚克难，紧抓政策窗口期，全力推 进"4·30"、"5·31"抢装并网计划，成功实现百兆瓦级项目并网；新模式业务零碳园区业务实现突破，孵 化导入项目62MW，孵化成功项目0.242MW，预计三季度实现并网。绿能科技海外业务进展顺利，聚焦 矿区、石油、天然气场景，锁定中东非、亚太、欧洲等区域，上半年与沙特阿美达成合作协议，预计8 月交付沙特阿美沙漠光伏系统研发项目；针对海外市场加速推进产品研发及设计，预 ...

| 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 2.14亿 | 2.14亿 | -0.09% | | 归母净利润（元） | 4209.47万 | 2611.06万 | -37.97% | | 扣非净利润(元) | 4126.06万 | 2524.91万 | -38.81% | | 货币资金(元) | 3.35亿 | 3.57亿 | 6.56% | | 应收账款(元) | 1.13亿 | 9148.58万 | -18.85% | | 有息负债(元) | 1298.68万 | 3656.81万 | 181.58% | | 毛利率 | 44.30% | 43.35% | -2.14% | | 净利率 | 19.66% | 12.21% | -37.92% | | 三费占营收比 | 16.48% | 22.15% | 34.42% | | 每股净资产 (元) | 7.37 | 7.81 | 5.89% | | 每股收益(元) | 0.51 | 0.32 | -37.25% | | 每股经营性现金流(元) | 0.19 | ...

Core Viewpoint - Jiulian Technology (688609) reported a significant decline in financial performance for the first half of 2025, with a net profit decrease of 126.21% and total revenue down by 17.6% compared to the previous year [1] Financial Performance Summary - Total revenue for the first half of 2025 was 1.101 billion yuan, a decrease of 17.6% from 1.337 billion yuan in the same period of 2024 [1] - The net profit attributable to shareholders was -123 million yuan, down 126.21% from -54.44 million yuan in the previous year [1] - The gross profit margin fell to 9.86%, a decline of 25.74% year-on-year, while the net profit margin was -11.6%, a drop of 159.21% [1] - Total expenses (selling, administrative, and financial) amounted to 137 million yuan, representing 12.4% of revenue, an increase of 30.83% year-on-year [1] - Earnings per share were -0.25 yuan, a decrease of 126.22% from -0.11 yuan in the previous year [1] Cash Flow and Debt Situation - The cash flow situation is concerning, with cash and cash equivalents at 277 million yuan, down 14.82% from 326 million yuan [1] - The company has a debt ratio of 40.52% for interest-bearing liabilities, indicating a potential risk in debt management [4] - The average operating cash flow over the past three years has been negative, raising concerns about the company's liquidity [4] Business Evaluation - The company's historical return on invested capital (ROIC) has been poor, with a median ROIC of 8.49% since its listing, and a particularly low ROIC of -8.15% in 2023 [3] - The business model appears fragile, with two out of three annual reports showing losses since the company went public [3] Strategic Focus - The company is focusing on smart manufacturing, with investments in products such as laser radar, sweeping robots, and energy storage battery packs [5] - Continuous efforts are being made to push new products into mass production, indicating a strategic pivot towards innovation [5]

■本报记者 郑长灵 在江西上饶余干县高新技术产业园的现代化车间内，一台台精密数控机床正按照预设程序高速运转。机 械臂精准抓取零部件，智能检测系统实时反馈数据……这是江西辽峰数控机床有限公司（以下简称"辽 峰数控"）智能化生产的生动场景。从2020年成立的"初创企业"，到如今拥有9项专利、产品远销长三角 的专精特新培育企业，辽峰数控的成长轨迹上，始终镌刻着邮储银行余干县支行的金融印记。 "2023年，我们刚研发出新型数控车床，却在批量生产的原材料采购上遇到了难题。"辽峰数控负责人蒋 义红在接受《农村金融时报》记者采访时回忆道。当时企业虽有技术突破，但作为轻资产科创型企业， 缺乏传统抵押物，融资之路并不顺畅。 （通讯员涂少华对本文亦有贡献） 有了资金保障，研发进程大幅提速。企业成功突破技术瓶颈，相关成果入选省级智能制造优秀案例。而 邮储银行的服务不止于放贷，更在于"走心"，主动为企业定制"信贷+结算+代发+理财"的一站式服务方 案，帮助企业解决日常经营难题，让金融服务与企业发展同频共振。 2025年，辽峰数控规划建设智能化生产车间，推动"机器换人"，实现从零部件加工到装配的全流程智能 管控。"要把技术优势转化为规 ...

Core Viewpoint - Long Yong Co., Ltd. reported a revenue of 726 million yuan for the first half of 2025, a year-on-year decrease of 3.8%, but achieved a net profit of 5.02 million yuan, marking a turnaround from losses [1] Group 1: Financial Performance - The company's revenue for the first half of 2025 was 726 million yuan, down 3.8% year-on-year [1] - The net profit attributable to shareholders was 5.02 million yuan, indicating a return to profitability [1] - The revenue from equipment manufacturing and system solutions reached 627 million yuan, with a gross margin increase of 1.95% compared to the same period last year [1] Group 2: Business Development - Overseas business revenue amounted to 247 million yuan, with significant growth in Southeast Asia and Eastern Europe markets [2] - The smart digital business segment generated sales revenue of approximately 63.91 million yuan, a year-on-year increase of 49.77% [2] - The company is actively promoting multiple smart factory projects and has secured new orders in non-printing industries [2] Group 3: Renewable Energy and Healthcare - The renewable energy segment, led by the subsidiary Long Yong Green Energy, achieved sales revenue of approximately 23.87 million yuan from high-efficiency photovoltaic components [2] - The healthcare business is expanding with new medical device projects and has obtained qualifications for blood dialysis and insurance in Tianjin [3] - Long Yong Huaxin, a subsidiary, reported sales revenue of approximately 36.96 million yuan, with new project investments nearing 308 million yuan [3]

Core Viewpoint - The company reported a solid performance in the first half of 2025, with significant growth in various sectors despite a challenging global economic environment. The focus on innovation and strategic resource allocation has strengthened its competitive position in the market [4][5][6]. Financial Performance - The company achieved a net profit attributable to shareholders of RMB 564,345.30 million for the first half of 2025, with no statutory or discretionary reserves deducted [67][68]. - The profit distribution plan involves a cash dividend of RMB 3.58 per 10 shares, totaling approximately RMB 3,105,449,097.91, which represents 57% of the net profit [68][69]. Business Segments Overview Engine Business - The company sold 362,000 engines, with a notable 41% increase in sales of the M series large-bore engines and a 491% increase in data center engines [5][6]. - The launch of new high-efficiency engines and the establishment of a smart factory have enhanced product competitiveness [6]. Commercial Vehicle Business - The company reported a 14.6% increase in overall vehicle sales, reaching 73,000 units, with a remarkable 255% increase in new energy vehicle sales [7]. - Strategic partnerships and product innovations have strengthened market presence, particularly in overseas markets [7]. Agricultural Equipment Business - The agricultural equipment segment generated revenue of RMB 9.86 billion, with an 18.6% increase in export revenue [8]. - The introduction of advanced agricultural machinery has improved operational efficiency and reduced costs [8]. Smart Logistics Business - The overseas subsidiary, KION GROUP AG, secured new orders worth €6.21 billion, marking a 22.2% increase, with total revenue reaching €5.5 billion [9][10]. - The company has focused on AI-driven innovations and sustainable development, receiving high recognition in sustainability assessments [10]. Strategic Initiatives - The company is actively pursuing strategic layout planning, optimizing product structure, and enhancing core competitiveness through technological innovation [5][6]. - The establishment of a new energy power industry park and the launch of advanced battery technologies are part of the company's commitment to sustainable development [6]. Governance and Compliance - The company has revised several governance policies to align with the latest legal requirements and improve operational standards [17][19]. - The board of directors has ensured that all disclosures are accurate and complete, maintaining transparency with stakeholders [71].