Core Viewpoint - Ningbo Keli Sensing Technology Co., Ltd. reported a net profit of RMB 260.51 million for 2024, a decrease of 16.62% compared to the previous year, while revenue increased by 20.79% to RMB 1.30 billion, indicating a focus on strategic investments and operational efficiency despite profit decline [1][2][3]. Financial Performance - The company achieved operating revenue of RMB 1,295,126,038.72, up from RMB 1,072,180,742.92 in 2023, reflecting a growth of 20.79% [2]. - The net profit attributable to shareholders was RMB 260,508,314.67, down from RMB 312,430,840.16 in 2023, marking a decline of 16.62% [2][3]. - The net cash flow from operating activities was RMB 169,883,611.56, a decrease of 10.80% from the previous year [2]. Strategic Investments - The company has initiated a strategic investment layout targeting four key sectors: industrial measurement and control, smart logistics, energy and environmental measurement, and robotic sensors, with nine projects completed in 2024 [5][6]. - The "KMS Group Management System" was implemented to enhance post-investment management and operational efficiency across subsidiaries [5][6]. Industry Context - The smart sensor industry is experiencing rapid growth driven by policy support, technological breakthroughs, and expanding application scenarios, particularly in IoT and AI [7][8]. - The company is positioned to benefit from increasing domestic demand for smart sensors, with a focus on high-performance, miniaturized, and integrated sensor technologies [7][8]. Business Model - The main business involves the development, production, and sales of various sensors, including weight, force, vibration, and multi-physical quantity sensors, along with IoT system integration [8][9]. - The company employs a centralized procurement model to optimize costs and ensure supply stability, while also utilizing flexible production strategies to meet customer demands [9][10]. Product Portfolio - The company offers a diverse range of sensors, including six-dimensional force/moment sensors for humanoid robots, water quality sensors, and temperature/pressure sensors, catering to various industries such as automation, environmental monitoring, and smart logistics [10][11][12]. Competitive Advantages - The company has established a comprehensive ecosystem in the sensor industry, with a wide array of products and a strong market presence, supported by a robust R&D framework and strategic partnerships [13][14]. - A strong focus on innovation and technology development has led to the acquisition of 1,389 patents, enhancing the company's competitive edge in the market [13][14].

《商道创投网》2025年7月10日从官方获悉：赛感科技（深圳）有限公司近日完成了由招商局创投领 投，琥珀资本及产业方博杰股份跟投的数千万Pre-A轮融资。 《商道创投网》创业家会员·单位简介 赛感科技成立于2023年，是一家专注于柔性传感技术的高科技企业，核心业务聚焦于新一代高性能柔性 智能传感器及机器人电子皮肤的研发、生产与销售。公司技术源自南方科技大学超柔性电子学实验室， 其开发的柔性智能传感器及电子皮肤产品具备高灵敏度、大量程、快响应和高线性等特点，广泛应用于 人形机器人、消费电子、汽车电子和医疗健康等领域。公司创始人兼首席科学家郭传飞教授在高性能电 子皮肤和人体柔性电子技术领域拥有深厚的研究背景，CEO熊赓超则具备丰富的产业化与商业化经验。 《商道创投网》创业家会员·本轮融资用途是什么？ 赛感科技CEO熊赓超表示，本轮融资将主要用于核心技术的进一步投入、产品的研发迭代以及市场化 应用的探索。公司将持续加大在人形机器人电子皮肤领域的研发力度，优化产品性能，提升用户体验。 同时，通过技术下沉，聚焦用户交互体验的提升，加快柔性智能传感器在更多领域的应用落地，进一步 拓展市场。 市场份额。同时，这也为其他创业 ...

Investment Rating - The report assigns a "Hold" rating for the company, marking its first coverage [6]. Core Insights - The company is a leading player in the MEMS inertial sensor market, benefiting from a fully controlled technology chain and high gross margins, with a projected revenue of 4.05 billion yuan and a net profit of 2.22 billion yuan in 2024 [1][4]. - The company has established a strong market presence, achieving a 23.45% market share in domestic MEMS gyroscopes by 2022, up approximately 14 percentage points from 2019 [2]. - The IMU segment is expected to grow rapidly, with a CAGR of 175.8% from 2021 to 2024, driven by demand from low-altitude economy, advanced driving, and humanoid robots [3]. Summary by Sections Company Overview - The company, founded in 2012, has achieved full control over the technology chain from chip design to packaging and testing, with its third-generation MEMS gyroscope reaching international advanced levels [1][14]. - The leadership team has extensive experience in the semiconductor field, contributing to the company's technological advancements [16][18]. Core Product Layout - The company's core products, MEMS gyroscopes and accelerometers, have high technical barriers and are applicable in high-end industrial and unmanned systems [2]. - The company is gradually replacing imports in the MEMS inertial sensor market, with a focus on high-performance products [2][4]. IMU Growth Drivers - The IMU, which integrates gyroscopes and accelerometers, is positioned to benefit from emerging markets such as low-altitude economy and smart driving [3]. - The company is actively developing automotive-grade IMUs to meet the growing demand for high-precision positioning systems [3]. Financial Forecast and Investment Recommendations - The company is expected to achieve revenues of 6.19 billion yuan, 8.60 billion yuan, and 11.84 billion yuan from 2025 to 2027, with corresponding net profits of 3.39 billion yuan, 4.59 billion yuan, and 6.04 billion yuan [4][5]. - The projected EPS for 2025, 2026, and 2027 is 0.85 yuan, 1.14 yuan, and 1.51 yuan per share, respectively, with a PE ratio of 77X for 2025 [4][5].

Core Viewpoint - The article discusses the measures proposed by Beijing Huairou Science City to support the innovation and development of the scientific instrument and sensor industry through 20 new policies, with individual project funding support up to 35 million yuan [2][4]. Group 1: Target Audience and Key Areas - The measures target enterprises, institutions, and organizations registered in Huairou Science City that engage in high-end scientific instruments and sensors, as well as relevant innovation entities from universities and research institutes [6]. - The focus is on supporting research and development, manufacturing, incubation, technology transfer, application of results, and maintenance operations related to high-end scientific instruments and sensors [6]. Group 2: Support Content and Standards - Key technology R&D is supported with funding up to 500,000 yuan, covering 30% of R&D expenses for projects addressing critical technologies [8]. - Advanced process technology development is encouraged, with similar funding support for projects that enhance reliability and stability of scientific instruments [8]. - Public technical services for testing and validation are subsidized, with funding up to 50,000 yuan for contracts with other public service platforms [9]. Group 3: Support for Results Transformation - Support for building industry technology research institutes is available, with funding up to 35 million yuan over three years based on performance [10]. - Establishment of technology service centers for hard technology results transformation is encouraged, with funding up to 1 million yuan for fixed asset investments [10]. - Financial support is provided for innovation and entrepreneurship training, with up to 100,000 yuan available for effective training programs [10]. Group 4: Support for Enterprise Growth - Funding is available for enterprises that achieve significant market application of their products, with support up to 100,000 yuan for innovative teams [12]. - International development is encouraged, with funding up to 20,000 yuan for enterprises that achieve international recognition or orders [14]. - Support for digital technology empowerment is available, with funding up to 100,000 yuan for projects utilizing AI and IoT technologies [14]. Group 5: Application Expansion for Scientific Instruments - Support for application evaluation of domestic instruments is provided, with funding up to 50,000 yuan for collaborative projects that yield substantial reports [15]. - Encouragement for supply chain innovation collaboration among enterprises is available, with funding up to 100,000 yuan for successful applications of autonomous products [16]. - Support for establishing patent "pay after use" demonstration scenarios is available, with funding up to 50,000 yuan for enterprises adopting this model [16]. Group 6: Application Process and Supervision Management - The Huairou Science City Management Committee is responsible for the application review process, including submission of materials and project evaluation [18]. - Funding recipients must comply with financial regulations and are subject to audits and performance evaluations [20]. - The policy is effective for five years from the date of issuance, with the Huairou Science City Management Committee responsible for its interpretation [22].

Core Viewpoint - The company is undergoing a potential change in control and ownership, with significant implications for its governance and strategic direction [1] Group 1: Ownership Changes - The actual controllers of the company are planning a share transfer and control change, which may lead to a change in the company's control and actual controllers [1] - The transaction counterparties are from the computer, communication, and other electronic equipment manufacturing industries, and the deal is expected to result in acquiring at least 5% of the company's total shares and corresponding voting rights of 24.99% [1] - The company's stock will be suspended from trading starting July 10, 2025, for a period not exceeding 2 trading days [1] Group 2: Business Operations - The company focuses on "Industrial Internet + Intelligent Sensors and Software," developing smart water meters, smart water management equipment, and software systems [1] - It aims to provide comprehensive and integrated solutions for water management, addressing safety, energy efficiency, quality improvement, and public service needs [1] - The company has established partnerships with over 900 water service enterprises, including major players like Beijing Waterworks and Shanghai Urban Investment Water [1] Group 3: Recent Shareholder Activity - In March 2023, a major shareholder signed a share transfer agreement to sell 5% of the company's shares for a total price of RMB 107 million, reducing their stake to 2.07% [2] - The transfer was seen as a sign of confidence in the company's future development and value, with no impact on control or governance [2]

企业的目标是智能驾驶技术的研发与商业化落地，但以智能化为核心的新能源汽车"下半场"不 应仅是发展技术，更需要全行业以客观公正的视角去谨慎定义、理性看待。 7月8日，中汽中心、清华大学、华为联合发布《汽车智能驾驶技术及产业发展白皮书》（下 称《 智驾技术 白皮书》）。" 《智驾技术白皮书》 系统梳理了技术演进脉络、产业生态格局 与未来发展趋势，尤其注重对安全保障体系、风险挑战的剖析，既是对行业经验的系统性凝 练，更是以精准角度剖析发展瓶颈，以创新思维擘画破局路径。 希望 《智驾技术白皮书》 能成为'政产学研'各界人士的参考，助力中国自动驾驶产业在技术 攻坚、安全保障、商业落地与社会价值创造中实现新的突破。"中国工程院院士、清华大学车 辆与运载学院教授李骏在《 智驾技术 白皮书》序言中表示。 华为作为《 智驾技术 白皮书》产学研编写组成员中唯一的产业代表，在其中扮演角色的重要 性不言而喻。开源证券研报称，汽车产业已进入技术转换周期，软件在汽车产业的价值不断加 大，华为凭强劲实力深度布局汽车市场，志在打造汽车产业智能化开放平台。"华为ADS智 能 辅助 驾 驶 功能升级，技术生态成型深度赋能，加速行业格局演化。" ...

这是一款圆形桌面化妆镜，轻点屏幕，腮红、眼影、底妆随心切换，它不仅能照亮容颜，更能通过内置的智能传感器感知皮肤温 度、湿度等数据，进而判断皮肤状况，这背后正是智能传感器在精准采集数据、高效发出指令。 一台人形机器人全身至少搭载着六种不同类型的传感器，这些传感器让智能化设备有了"眼、耳、手、口、鼻"等"电子五官"，能 听、能看、能感知，让手机、汽车、机器人等设备更"聪明"。 在安徽蚌埠市的传感谷展厅，像这样一个小小的传感器，不仅实现了人形机器人的精准抓握、灵活操控，还帮助新能源汽车进行 智能驾驶、智能车控。先来解释一下什么是传感器？其实，传感器就好比人的眼睛、耳朵，专门用来感知外部的环境。 央视网消息：对于地处淮河之畔的安徽蚌埠，不少人的认知可能还停留在老牌工业城市或者农业大市。但是，近年来，依托"中 国传感谷"，蚌埠大力发展智能传感产业，构建起完整的智能传感器产业生态。《活力中国调研行》我们一起走进蚌埠，探寻其在智 能传感产业领域的发展密码。 传感器到底是怎么生产出来的，不妨到一旁的工厂看一看。这是蚌埠市一家企业的MEMS智能传感器晶圆生产线，产品主要应用 于高端装备、汽车电子等领域。与一般工厂不同，这里的生 ...

Group 1 - The stock of China Resources Microelectronics (华润微) has a comprehensive score of 48.03, indicating a weak performance [1] - The main cost analysis shows that the current main cost is 46.50 yuan, with a 5-day main cost of 46.86 yuan and a 20-day main cost of 46.29 yuan [1] - Over the past year, the stock has experienced one instance of hitting the upper limit and no instances of hitting the lower limit [1] Group 2 - The short-term pressure level is at 47.67 yuan, while the short-term support level is at 45.90 yuan [2] - The mid-term pressure level is at 47.79 yuan, and the mid-term support level is at 44.87 yuan [2] - As of July 9, 2025, the net outflow of main funds is 827.99 million yuan, accounting for -7% of the total transaction amount [2] Group 3 - The semiconductor sector has seen a decline of 1.12%, while the industrial internet and semiconductor concept sectors have decreased by 0.26% and 0.83%, respectively [2] - Retail investors have shown a net inflow of 91.93 million yuan, contrasting with the outflow from larger institutional investors [2]

Group 1 - President Trump announced a 200% tariff on imported pharmaceuticals and a 50% tariff on copper, effective August 1, 2025 [3] - The U.S. government will provide companies approximately one to one and a half years to adjust before tariffs are implemented [3] - The State Council of China released an opinion on improving the mechanism for efficiently handling key matters, emphasizing inter-departmental collaboration [3] Group 2 - The Chinese Ministry of Foreign Affairs reiterated that there are no winners in a trade war and emphasized the negative impact of protectionism [4] - The People's Bank of China and the Hong Kong Monetary Authority announced measures to optimize and expand the Bond Connect program [4] - The National Development and Reform Commission and other departments issued a notice to support the construction of zero-carbon parks [5] Group 3 - GAC Fiat Chrysler announced bankruptcy [9] - Huayin Electric's stock turnover rate reached 80.95% over six trading days, significantly higher than the industry average [9] - Juhua Co. expects a net profit increase of 136% to 155% year-on-year for the first half of the year [9]

Core Viewpoint - Shenzhen Modulus Technology Co., Ltd. has completed a multi-million angel round financing led by Denning Capital, with funds primarily allocated for product development, market promotion, and team building [3][5]. Company Overview - Modulus Technology focuses on multi-modal multi-dimensional tactile sensing technology and tactile model research and application, with products including robotic touch, industrial pressure distribution detection, flexible fabric sensors, and flexible film sensors [3][5]. - The company was established at the end of 2024 and aims to address the growing demand in various sectors such as robotics, industrial inspection, consumer electronics, and healthcare [3][5]. Market Dynamics - The global market for tactile sensors and flexible sensors is rapidly developing, driven by the explosion of industries like consumer electronics, healthcare, and industrial automation [5][6]. - The tactile sensing industry is currently in its early stages, characterized by non-standardized technology routes and high customization demands, which increase R&D and production costs [5][6]. Technological Innovations - Modulus Technology has developed high-sensitivity sensing materials and micro-structural processes to enhance sensor range, precision, and sensitivity, achieving a maximum pressure range of 20 MPa and linearity of 99.9% [5][6]. - The company has established a full-stack R&D capability, covering sensor materials, hardware, algorithms, and systems, facilitating data collection, calibration, and software analysis for clients [5][6]. Product Offerings - The core products include robotic tactile sensors and industrial pressure distribution detection solutions, serving sectors like lithium batteries, energy storage, and 3C manufacturing [6][7]. - The company is also developing flexible fabric sensors for applications in smart cabins, smart mattresses, smart pillows, and smart clothing [6][7]. Supply Chain and Team - Modulus Technology has validated its supply chain capabilities from small to large batch production, with expected order amounts reaching tens of millions this year [7]. - The team consists of nearly 20 members, with over 80% in R&D, covering key areas such as algorithms, hardware, software, and sensors [7]. Investment Perspective - Denning Capital views robotic tactile sensors as essential components for robots to perceive their environment, with significant application value in various fields [8]. - The firm believes that the tactile sensor market has substantial growth potential, with Modulus Technology positioned well due to its interdisciplinary team and experience in product engineering and commercialization [8].