Core Insights - Fourier aims to sell over 10,000 robots by Q1 2025, with a delivery target of 300 biped robots for this year [1] - The company is focusing on the elder care robot market, which is expected to experience explosive growth due to global aging [1][4] - The newly launched GR-3 robot features a user-friendly design aimed at reducing the mechanical feel and enhancing user interaction [2] Company Developments - Fourier has been active in the elder care sector since its establishment in 2015, providing services to over 3,000 institutions and hospitals across more than 60 countries [3] - The company has completed 12 rounds of financing, with the latest round in May 2023 raising up to 300 million yuan [3] - Fourier's product line includes upper and lower limb rehabilitation robots and various therapy systems, addressing a wide range of rehabilitation needs [3] Market Potential - The domestic elder care robot market is projected to exceed 30 billion yuan in 2024 and reach 50 billion yuan by 2025, with a compound annual growth rate of over 30% [4] - The aging population in China, with over 300 million people aged 60 and above, presents a significant demand for elder care solutions [4] Technological Challenges - Current elder care robots have limitations in intelligence and interaction capabilities, requiring improvements in real-time environmental perception and multi-modal interaction [5] - Safety concerns exist regarding physical interaction with humans, indicating a need for better force feedback control [5] Future Directions - Fourier is exploring applications beyond elder care, including guidance, consultation, and industrial sectors [6] - The GR-3 robot is designed for various scenarios, including research, education, and healthcare, with a focus on meeting diverse customer needs [6]

Core Insights - Fourier aims to sell over 10,000 robots by Q1 2025, with a delivery target of 300 biped robots for this year [2] - The company is focusing on the elder care robot market, which is expected to see explosive growth due to global aging [2][5] - The newly launched GR-3 robot emphasizes interaction and companionship, designed to reduce users' feelings of alienation [3] Company Overview - Fourier has been active in the elder care sector since its establishment in 2015, providing services to over 3,000 institutions and hospitals in more than 60 countries [4] - The company has completed 12 rounds of financing, with the latest round in May 2023 raising up to 300 million yuan [4] Market Potential - The domestic elder care robot market is projected to exceed 30 billion yuan in 2024 and reach 50 billion yuan by 2025, with a compound annual growth rate of over 30% [5] - The aging population in China, exceeding 300 million people aged over 60, presents a significant demand for elder care solutions [5] Technological Challenges - Current elder care robots have limitations in intelligence and interaction capabilities, requiring improvements in real-time environmental perception and understanding of non-structured commands [5] - Safety concerns exist regarding physical interactions with users, indicating a need for better force feedback control [5] Expansion into Other Markets - Fourier is not limiting itself to the elder care market, as it has begun exploring applications in guidance, consultation, and industrial sectors [6] - Collaborations with institutions like China Construction Bank and SAIC General Motors demonstrate the versatility of their robots in various environments [6]

有没有想象过，当机器人参与养老生活会是怎样的情景？当养老碰上机器人会碰撞出怎样火花？在大家 的家·北京阜成城心社区，一位长者穿上增程动力外骨骼机器人，便和年轻人一样腿脚利落，步履生风。 近两年，在智慧养老赛道，越来越多保险机构开始积极布局。通过科技创新和智能服务体系建设，打造 智慧养老新生态，为老年人提供更加高效、便捷、智能化的养老服务。 护理员、长者的新"助手" 在大家的家·北京阜成城心社区，一位长者身着外骨骼机器人在大厅漫步、小跑，吸引了多位在住居民、 媒体的目光。这位长者身穿的便是傲鲨智能刚刚推出的消费级外骨骼机器人。 8月6日，"科技赋能，共创智慧养老新范式——智能机器人养老场景示范基地落地签约仪式"在大家的家· 北京阜成城心社区举行，大家的家城心社区将作为傲鲨智能机器人养老场景示范基地，为智能机器人提 供可落地的养老应用实验与实践场景。 北京商报记者 李秀梅 险企加速探索智慧养老 图片来源：企业供图 随着我国人口老龄化不断加剧，传统的养老模式已经难以满足老年人日益增长的多样化、个性化服务需 求。 通过机器人等智慧康乐手段帮助提高养老服务质量和效率，已成为养老行业的共识，深度聚焦养老服务 的险企也不例 ...

养老机器人也会在养老机构中使用，作为亦庄养老照料中心的"金牌护理员"，闫智翔坦言，如果新设备 真的能提升交互效率，同时保证安全，护理员会主动推荐老人使用，从而逐步建立起老人的信任感。 形形色色的机器人充满了未来感 北京联讯科技的全套设备打通线上线下服务 老年人正在体验搭载智慧养老照护系统的护理床 外骨骼机器人助力腿脚不便的老人行走，手功能康复训练一体机精准引导患者恢复抓握能力，智能养老 机器人可用AI语音交互缓解独居老人的孤独感……一大批充满智慧的养老机器人产品日前亮相首届北 京智能康养机器人应用大赛，不仅勾勒出未来智慧养老的生动图景，也昭示了行业发展方向。正如飞速 发展的人工智能行业，五花八门的养老机器人也搭载了AI大脑，试图用更全面的功能、更温馨周到的 服务去解放人力、提供关怀。北京青年报记者走访多家企业发现，目前我国智能康养机器人尚处于起步 阶段，包括老年人的使用习惯、企业的成本控制问题、智能化所依赖的数据基础不足等痛点亟待破解， 只有如此才能真正打通产品到家的最后一环。 痛点一：数字鸿沟 老年人如何跨越鸿沟养成使用习惯？ 面对令人眼花缭乱的养老机器人产品，如何让老年人能够上手使用是关键。国家康复辅具研 ...

Core Viewpoint - The article highlights the emergence of a new model in elderly care services, exemplified by the Changzhe Care Home in Beijing, which aims to provide comprehensive, inclusive, and professional elderly care services to residents and the surrounding community [2][3]. Group 1: Facility Overview - The Changzhe Care Home is a community elderly care complex with six floors, featuring 125 furnished rooms and 300 beds, and includes various functional areas such as an elderly university, care services, a community canteen, and specialized care zones for dementia and disability [2]. - The facility is set to open in November 2024 and will offer sustainable care support to families and communities [2]. Group 2: Service Model - The care home is exploring a "1+3+N" service model, which consists of "1 platform" for integrated services, "3 major scenarios" (home, community, and institutional care), and "N services" that encompass comprehensive care [3][7]. - The goal is to create a regional smart elderly care service complex that integrates medical and nursing services, with a focus on education and training for caregivers [3]. Group 3: Technology Integration - A one-stop smart elderly care service platform will be established, utilizing SaaS technology and connecting various health monitoring devices to provide tailored services based on individual needs [7][9]. - The integration of smart technology aims to enhance service efficiency and quality, allowing elderly individuals to access services more conveniently [9]. Group 4: Workforce Development - Training for caregivers to effectively use smart systems and devices is a priority, as many current workers may struggle with technology [10]. - The care home aims to improve the caregiver-to-elderly ratio, allowing one caregiver to serve 6-8 elderly individuals, thereby reducing costs and increasing efficiency [12]. Group 5: Market Trends - The article predicts a rise in small-scale service providers, such as "couple teams," which will offer personalized and flexible services, complementing larger service groups [13][14]. - The industry is currently facing challenges related to product development and the need for services to be more tailored to the elderly population [15][16].

曾几何时，科技创新在公众认知中总是与卫星遥感、大数据云计算、人工智能大模型等 " 高精尖 " 领域关 联。然而，踏进这届世界人工智能大会的现场，大家惊喜地意识到：这些看似 " 高不可攀 " 的尖端科技，其 实早已 " 下凡 " 到日常生活中。 从减轻腰部负担的助力外骨骼机器人，到提升配送效率的 AI 外卖助手，再到搭建无障碍沟通桥梁的智能手语 翻译系统 …… 本届 WAIC 大会吸引 800 余家企业参展，展出超 3000 项创新技术。其中，智慧养老领域 的 " 黑科技 " 尤为吸睛，成为展会焦点区域之一。 已获 达晨创投、投控东海等资本加持的深圳作为科技有限公司（以下简称 " 作为科技 " ）正是 智慧养老 领 域的佼佼者 ，公司 在 WAIC 大会现场正式 发布 AI⁺ 智慧养老健康平台（简称 aiAging ），进一步破解了 养老服务效率与安全难题，让 " 高效且安心 " 的养老从愿景走进日常 ，凸显行业引导者形象 。 清华五道口 养老金融 50 人论坛秘书长董克用教授 、 中山大学郭裕兰教授以及上海市物联网行业协会副秘书长阮亮，共 同启动 了这一 全球首发仪式。 ▍ 中国式养老，究竟难在哪里？ 中国老 ...

近年来，我国大力发展养老服务事业，加快建设中国特色养老服务体系，"养老"变"享老"的温暖图景正在成为现实。 近期，《杭州市养老服务与老龄工作高质量发展三年行动计划（2025—2027年）》印发，其中涉及"特殊老人群体兜底保障行动""规范管理 以'智'赋'养'行动"等内容。 从送餐入户到适老健身，从政府主导到市场参与，在杭州市西湖区，养老服务创新正让这里的"老有所养"迈向"老有优养"。 整合政府、企业、社区资源，打开适合本地老人的"服务之门"。在杭州，智慧养老场景将惠及更多老人，让"刷脸吃饭""送餐入户""家门口健 身"成为养老新日常。 ...

Core Viewpoint - The article emphasizes the rapid integration of advanced technologies into daily life, particularly in the field of smart elderly care, highlighting the significant potential of the silver economy in China as the aging population grows [3][5][8]. Group 1: Challenges in Chinese Elderly Care - China's aging population is accelerating, with projections indicating that by 2025, the population aged 60 and above will reach 310 million, accounting for 22% of the total population [9]. - The transition from an aging society to a deeply aging society has occurred in just 21 years, significantly faster than in developed countries like the U.S. and Germany [9]. - There is a severe shortage of healthcare professionals for the elderly, with a ratio of caregivers to disabled elderly individuals at 1:100, far below the international standard of 1:3 [9][11]. Group 2: Solutions Offered by the Company - The company has developed the AI⁺ Smart Elderly Care Health Platform (aiAging) to address the challenges in elderly care, focusing on improving service efficiency and safety [5][13]. - The platform integrates smart hardware and AI technology to create a closed-loop system for monitoring, early warning, intervention, and service, enhancing the overall care experience [13]. - The platform aims to bridge three major gaps: the connection between children and elderly parents, the efficiency of professional care services, and the fragmentation of information and resources in elderly care [11][13]. Group 3: Market Potential and Investment Opportunities - The silver economy in China is burgeoning, with over 367,000 companies currently operating in this sector, and 22,000 new registrations in the first half of 2025 alone [17]. - The company has established significant competitive advantages through over 300 technology patents and various international certifications, enhancing its market position [18][20]. - The investment landscape is shifting towards companies that combine hardware and software solutions, with the company being a prime example of this trend, demonstrating a clear path for business model scalability and revenue growth [22][23][25].

Policy Developments - The National Health Commission issued a work plan for integrated medical and elderly care demonstration projects, encouraging the establishment of demonstration counties and institutions to enhance service supply [4] - The Ministry of Civil Affairs and the Ministry of Natural Resources jointly issued a notice to strengthen the planning of elderly care service facilities, aiming to optimize the layout and improve service efficiency [5][6] - Financial support for the silver economy is being injected through measures such as encouraging financial institutions to develop personal pension products and expanding tourism insurance for the elderly [7][8] - The Ministry of Civil Affairs and the Ministry of Finance announced subsidies for elderly individuals with moderate to severe disabilities to alleviate care costs [9] - A joint initiative by multiple departments aims to promote high-quality elderly products through six major actions, enhancing the elderly goods industry [10][11] Regional Policies - Yunnan Province announced an adjustment to the basic pension for retirees, effective January 1, 2025, with a uniform increase of 31.50 yuan for all retirees [13][14] - Shanghai issued implementation opinions to promote mediation in elderly care service disputes, aiming to protect the rights of elderly individuals and service providers [19][20] - Shanxi Province introduced subsidies for home modifications for the elderly, with a maximum subsidy of 18,000 yuan per person [22][23] - Henan Province announced subsidies for elderly individuals purchasing home modification products, with a maximum subsidy of 12,000 yuan per household [24][25] Industry Highlights - The Hong Kong government highlighted the vast market potential of the silver economy, emphasizing its ability to attract elderly tourists from various regions [27][28] - The AI+ Smart Elderly Health Platform was launched at the World Artificial Intelligence Conference, showcasing technological advancements in elderly care [29] - The 2025 Jilin (Changchun) Silver Economy Expo was held to promote the development of the silver economy and healthcare industry [30][31] - The 2025 Fourth China Intelligent Rehabilitation Academic and Industry Conference focused on AI's role in rehabilitation and elderly care [33] - Shandong Province is promoting elderly-friendly tourism, enhancing the quality of life for the elderly [36][38] Corporate Developments - Xingyuan Elderly Service Center collaborated with Huazhong University of Science and Technology to enhance smart elderly care services [40] - The Kexian Treatment Instrument was showcased at the Jilin Longchang Silver Economy Expo, highlighting its innovative health technology [41] - Yuanma Intelligent is creating a new paradigm for smart community elderly care, integrating AI technology [47] - Madi Technology is developing a smart elderly care platform focused on robotic applications for elderly care [48] - Hongsong launched the first AI podcast product for the elderly, featuring interactive listening experiences [49][50] - China Life is focusing on developing inclusive and pension finance in its second-half work plan [52][53] - Anhui Construction established a health industry company with a capital of 100 million yuan to expand remote health management services [54] - The "Silver Age Health" project in Pudong has restarted, providing 200,000 yuan in donations for elderly health care [55][56]

Core Viewpoint - The company is undergoing significant changes in its business structure and strategy to adapt to the challenges posed by the aging population and the evolving market for elderly care services, particularly in the context of the "9073" model of elderly care in China [15][21][24]. Group 1: Financial Assessment - The estimated present value of future cash flows for Jiangsu Hekang Elderly Care Industry Group Co., Ltd. is projected to be 73.71 million RMB as of December 31, 2024 [1]. - The pre-tax discount rate calculated for the company is 11.26% [1]. - The weighted average cost of capital (WACC) is adjusted to a pre-tax basis to align with cash flow forecasts, resulting in a WACC of 11.01% [1]. Group 2: Asset Group Recognition - The recognition of asset groups is based on their ability to generate independent cash inflows, considering management's operational decisions and asset usage [2]. - An asset group can be identified if it can independently create revenue, which is crucial for the assessment of goodwill impairment [2]. Group 3: Business Strategy and Market Trends - The company is focusing on the elderly care sector, providing online information services and offline assistance services, with a current user base of approximately 500,000 [10][11]. - The company plans to expand its market presence in economically developed regions, particularly in East and South China, while also exploring opportunities in the less competitive central and western regions [12]. - The government is actively supporting the elderly care industry through various policies, which is expected to enhance market opportunities for the company [20]. Group 4: Industry Overview - China's elderly population is projected to reach 310.31 million by the end of 2024, accounting for 22% of the total population, which presents a significant demand for elderly care services [18]. - The market for smart elderly care is expected to grow rapidly, with projections indicating a market size of 6.8 trillion RMB in 2024, increasing to 7.21 trillion RMB by 2025 [19]. - The industry is facing challenges such as insufficient supply of quality services and a lack of skilled personnel, which need to be addressed for sustainable development [15][21].