無錫先導智能裝備股份有限公司 香港聯合交易所有限公司及證券及期貨事務監察委員會對本聆訊後資料集的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本聆訊後資料集全部或任何部分內容而產生或依賴該等內 容而引致的任何損失承擔任何責任。 WUXI LEAD INTELLIGENT EQUIPMENT CO., LTD. （於中華人民共和國註冊成立的股份有限公司） 的聆訊後資料集 警告 本聆訊後資料集乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的 要求而刊發，僅用作提供資訊予香港公眾人士。 本聆訊後資料集為草擬本，其內所載資訊並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代 表 閣下知悉、接納並向無錫先導智能裝備股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）、 本公司的聯席保薦人、整體協調人、顧問及包銷團成員表示同意： 本聆訊後資料集不會向於美國的人士刊發或分發，當中所述證券並無亦不會根據1933年美國證券法登 記，且在根據1933年美國證券法辦理登記手續或取得豁免前不得於美國發售或出售。不會於美國公開發 售證券。 本聆訊後資料集及當中所載資料 ...

东风汽车董事长、党委书记杨青，总经理、党委副书记冯长军，党委常委、副总经理王俊，十堰市委书记王永辉，市委副书记、市长余 珂，市人大常委会主任赵哲，市政协主席、市委秘书长蔡贤忠，市委常委、常务副市长周智勇，市委常委、副市长高红民，中国汽车工 业协会副秘书长李邵华，湖北省经信厅二级巡视员望晓东，东风汽车集团股份有限公司商用车事业部总经理、党委书记张小帆，东风商 用车总经理刘利成，党委书记、副总经理郑华以及公司领导刘振声、曾苗、吴怀主、白维之、方勇、张大、刘翼等齐聚现场，见证这一 兼具行业里程碑意义与区域发展价值的重要时刻。 王俊指出，D600智慧工厂投产是落实国家新型工业化、制造强国战略的重要举措，不仅将有力推动东风汽车转型升级和商用车事业跃 升进位，更将加速十堰智能网联新能源汽车产业集群培育，为鄂西区域性中心城市建设注入强劲动力。D600新品的加入，为推动商用 车事业全面振兴，奋力实现"四个行业第一"提供新的有力支撑。 面向"十五五"，东风汽车深入学习贯彻习近平总书记对中央企业工作的重要指示精神，坚持智能化、绿色化、融合化发展，依 托"4+2"事业布局，加快推进新能源、智能化、国际化三大跃迁。东风汽车将持续集中 ...

Group 1 - The "Industry Cognition Week" is part of the "2026 Winter Study Tour to Guangdong," focusing on the transition of Guangdong manufacturing from "product export" to "brand export" [7][9] - The event is organized by multiple government departments and involves over 200 participants, including students, educators, and media [7][8] - Guangdong is recognized as a hub for high-tech and smart manufacturing, integrating industrial tourism with educational experiences [8] Group 2 - Students experienced advanced manufacturing technologies at GAC Aion's smart factory, witnessing the shift from cost-effective products to technology-driven goods [7][9] - The factory features a "black light factory" with 100% automation, showcasing the use of AGV robots and a digital twin system for real-time tracking of over 2000 vehicle components [9][10] - GAC Aion's industrial internet platform processes over 10TB of production data daily, improving production efficiency by 35% through AI optimization [10] Group 3 - The factory emphasizes sustainable manufacturing practices, including solar power usage, 97% water recycling, and a battery recycling system [10] - Students noted a significant change in their perception of factories, viewing them as high-tech environments rather than traditional noisy and chaotic settings [10]

公司简介 据招股书，上海君屹为中国内地机器人自动化系统及解决方案的知名集成商，致力为全球汽车制造及新能源电池产业提供智能制造解决方案。凭借深厚的产 业制程专业知识、丰富的经验、卓越的往绩记录与强大的技术整合能力，公司已成为世界级机器人技术与终端用户工业应用之间的关键纽带。 据港交所1月23日披露，上海君屹工业自动化股份有限公司(简称：上海君屹)向港交所主板递交上市申请书，国泰海通国际为其独家保荐人。 秉持技术驱动的经营理念，公司为汽车产业提供定制化汽车焊接自动化生产线解决方案，并为全球领先的汽车及电池制造商提供新能源电池模组与PACK自 动化生产线解决方案，向两大领域的头部客户提供创新且具竞争力的客制化解决方案。公司的技术优势、创新能力及对产业垂直领域的深刻理解使其在各业 务分部均建立稳固的优质全球客户基础。 上海君屹的业务主要包括两个主要分部，以及在这两大分部下，公司全面的机器人自动化系统与解决方案通常按项目提供，并根据客户的具体需求进行客制 化。 新能源汽车电池模组与PACK自动化生产线解决方案分部方面，公司为动力电池制造商与储能电池制造商提供电池模组与电池包组装的自动化生产线解决方 案。近年来此分部已成 ...

| 纂 項下的 编纂 數目 | : 编纂]股H股(視乎 编纂 行使與否而定) | | --- | --- | | 编纂 數目 | :【编纂】股日股(可于調整) | | 编纂 數目 | : [编纂]股H股(可予調整及視乎 编纂 行使與否而 | | | 定) | | | 最高1编纂]:每股H股[编纂]港元,另加1.0%經紀佣金、 | | | 0.0027%證監會交易做費、0.00565%香港聯 | | | 交所交易費及0.00015% 曾財局交易徵費(須 | | | 於申請時以港元繳足,多繳股款可予退還) | | 面值 | 每股H股人民幣1.00元 | | 股份代號 | : 编纂 | 智通财经APP获悉，据港交所1月23日披露，上海君屹工业自动化股份有限公司(简称：上海君屹)向港交 所主板递交上市申请书，国泰海通国际为其独家保荐人。据招股书，上海君屹为中国内地机器人自动化 系统及解决方案的知名集成商，致力为全球汽车制造及新能源电池产业提供智能制造解决方案。凭借深 厚的产业制程专业知识、丰富的经验、卓越的往绩记录与犟大的技术整合能力，公司已成为世界级机器 人技术与终端用户工业应用之间的关键纽带。 ...

据港交所1月23日披露，上海君屹工业自动化股份有限公司(简称：上海君屹)向港交所主板递交上市申请书，国泰海通国际为其独家保 荐人。据招股书，上海君屹为中国内地机器人自动化系统及解决方案的知名集成商，致力为全球汽车制造及新能源电池产业提供智能 制造解决方案。凭借深厚的产业制程专业知识、丰富的经验、卓越的往绩记录与犟大的技术整合能力，公司已成为世界级机器人技术 与终端用户工业应用之间的关键纽带。 | 篇纂 項下的 编纂 數目 | :[编纂]股H股(視乎[编纂]行使與否而定) | | --- | --- | | [编纂]數目 | : [編纂]股H股(可予調整) | | [编纂]數目 : | 编纂]股H股(可予調整及視乎 编纂 行使與否而 | | 定) | | | 最高 编纂 : | 每股H股[編纂]港元,另加1.0%經紀佣金、 | | | 0.0027%證監會交易徵費、0.00565%香港聯 | | | 交所交易費及0.00015%會財局交易徵費(須 | | | 於申請時以港元繳足,多繳股款可予退還) | | 面值 : | 每股H股人民幣1.00元 | | 股份代號 : 编纂] | | ...

Core Viewpoint - The shipbuilding industry in China, particularly in the construction of high-value green ship types, is becoming a significant part of the national maritime strategy and a new global calling card for the country [1] Group 1: LNG Ship Construction - China State Shipbuilding Corporation (CSSC) is actively constructing multiple large LNG (Liquefied Natural Gas) carriers at its Hudong-Zhonghua Shipbuilding facility [1] - A single 174,000 cubic meter LNG carrier requires approximately 60,000 insulation boxes, which serve as a thermal protection system to ensure the safe and stable transport of LNG at ultra-low temperatures [3] Group 2: Insulation Box Production - The automated production line at the insulation box manufacturing facility can produce around 430,000 insulation boxes annually, meeting the self-supply needs of the shipyard for LNG carrier construction [3] - The insulation boxes must meet precise specifications, capable of withstanding extreme low-temperature environments, ensuring the stability and safety of LNG during long-distance maritime transport [5] Group 3: Automation and Innovation - The production line for insulation boxes has been developed in collaboration with Shanghai Jiao Tong University, incorporating intelligent control systems and automated machinery, which has doubled assembly efficiency and improved product quality [7] - Each completed insulation box is assigned a "digital ID" for tracking, and the intelligent warehouse system allows for efficient and precise storage and retrieval of different box models [9] Group 4: Future Development and Industry Upgrades - The breakthrough in insulation box production is seen as a microcosm of the broader goal to upgrade the entire LNG ship domestic supply chain, including the development of low-temperature valves, which are also critical components of the LNG delivery system [11] - Future plans include collaboration with domestic universities and supply chain enterprises to enhance the overall intelligent manufacturing process and increase the domestic production rate, aiming for better performance, lower costs, and stronger competitiveness of Chinese-built LNG ships [13][15]

Group 1 - The largest automobile transport ship in China, capable of carrying 10,800 vehicles, has been launched, featuring a dual-fuel LNG and oil propulsion system that meets international emission standards [2] - IDC forecasts that the global humanoid robot market will see explosive growth, with shipments expected to reach approximately 18,000 units by 2025, representing a year-on-year increase of about 508% [2] - China has successfully completed its first space metal 3D printing experiment using a rocket platform, marking a significant advancement in utilizing additive manufacturing technology in microgravity environments [2] Group 2 - Blue Origin plans to conduct the third launch of its New Glenn rocket at the end of February, which will carry a satellite for AST SpaceMobile into low Earth orbit instead of the previously planned lunar mission [3]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase of over 15% compared to the CSI 300 index in the next six months [62]. Core Insights - The company, Kory Technology, is a leader in advanced manufacturing with a focus on cross-industry applications, having evolved from its initial focus on hard disk automation to a global supplier of industrial automation equipment and smart manufacturing solutions [3][4]. - The company's revenue is projected to decline by 14.34% to 2.448 billion yuan in 2024 due to industry cycles, but a recovery is anticipated in 2025 with a slight growth of 0.22% in the first three quarters [3][14]. - The company's gross margin has consistently remained around 35%, indicating strong profitability support [3][14]. Summary by Sections 1. Company Overview - Kory Technology was established in 2001 and has expanded its business into various sectors including mobile terminals, new energy, automotive, and logistics [3][4]. - The company's main business strategy is centered around the "3+N" framework, with three core business areas: mobile terminals, new energy, and precision components, which together accounted for 81.32% of revenue in 2024 [3][18]. 2. Mobile Terminal Business - The mobile terminal sector is expected to benefit from the rapid growth of the AI market, with a projected CAGR of 39.6% from 2025 to 2029 [4][32]. - Kory Technology has established strong partnerships with major clients such as Apple, Google, and Huawei, positioning itself as a leading supplier of testing equipment for mobile devices [38]. 3. New Energy Business - The demand for lithium batteries is expected to grow significantly, with global shipments projected to reach 6012.3 GWh by 2030 [42]. - The company focuses on mid-to-late stage equipment for lithium battery manufacturing, collaborating with leading firms like CATL and EVE Energy [49]. 4. Precision Components Business - Kory Technology's precision components are positioned in the mid-to-high-end market, with applications across various sectors including hard drives and medical devices [55]. - In the first half of 2025, this segment achieved a revenue of 2.33 billion yuan, representing a year-on-year growth of 31.78% [55]. 5. "N" Business Segment - The company is expanding into high-potential areas such as semiconductors and medical technology, benefiting from the acceleration of domestic substitution [59]. - Kory Technology provides ultra-precision components for semiconductor equipment, with capabilities reaching up to 50nm [59].

Core Viewpoint - The trend of socialized employment is expanding, driven by macroeconomic pressures, labor shortages, and the need for flexible workforce solutions across various industries, particularly in manufacturing and retail sectors [1][2][6]. Group 1: Concept and Environment - Socialized employment refers to various forms of employment outside standard labor relations, including outsourcing, labor dispatch, hourly pay, platform-based flexible employment, and shared employment [1][3]. - The macroeconomic environment is characterized by economic fluctuations and a declining working-age population, leading to labor shortages and rising costs for companies [1][6][16]. - The retail sector utilizes a mix of outsourcing, hourly pay, and platform-based flexible employment to adapt to market demand fluctuations, with high employee turnover being a core issue [1][29]. Group 2: Trends and Policy - The scale of socialized employment continues to grow, with supportive policies expected to improve further [2][9]. - Socialized employment is becoming a standard practice for companies, with human resource service providers upgrading to more specialized and digital services [2][9]. - Government policies are encouraging the development of socialized employment models to enhance competitiveness [9]. Group 3: Macro Environment - The digital economy is rapidly growing, projected to reach 63.2 trillion yuan by 2024, accounting for 46.8% of GDP, driving the demand for new employment forms [6]. - The integration of digital technology is reshaping employment relationships, fostering various platform-based flexible employment models [12][40]. Group 4: Industry Penetration - As of 2024, over 240 million people are engaged in flexible employment in China, with socialized employment deeply penetrating various industries [19]. - Business outsourcing has a penetration rate exceeding 50%, while labor dispatch accounts for 20-30%, and platform-based employment is below 20% [19]. Group 5: Micro Environment - External competition and internal management demands are driving companies to adopt socialized employment strategies to remain agile and control labor costs [23]. - Socialized employment effectively balances the need for cost efficiency and individual development, allowing companies to dynamically adjust labor costs based on business fluctuations [26]. Group 6: Sector-Specific Characteristics - In the retail sector, socialized employment is characterized by high employee turnover, with a turnover rate exceeding 30% for frontline positions [37]. - Manufacturing companies are increasingly using socialized employment to manage labor costs and risks, particularly during peak demand periods [44][49]. - Different types of retail enterprises have varying socialized employment needs, with fast-moving consumer goods companies focusing on promotional roles and instant retail emphasizing delivery personnel [35].