Core Insights - Tangshan City in Hebei Province has focused on developing characteristic industrial clusters as a key driver for county-level economic growth, achieving a revenue of 702.77 billion yuan in the first three quarters of this year, representing a year-on-year increase of 5.1% [1] Group 1: Industrial Development - The city has established 46 characteristic industrial clusters, including high-end equipment, green chemicals, and smart home industries [1] - A total of 86 "leading" enterprises have been cultivated through a comprehensive plan focusing on technological innovation and digital transformation [1] - The city has nurtured 635 high-tech enterprises, 491 specialized and innovative enterprises, and 83 manufacturing champions [1] Group 2: Shared Manufacturing Initiatives - Tangshan has implemented shared manufacturing projects, with 39 projects planned and 29 shared factories currently in operation [1] - The establishment of shared factories aims to reduce costs and improve efficiency for small and medium-sized enterprises within the industrial clusters [1] Group 3: Future Plans - The Industrial and Information Technology Bureau of Tangshan plans to focus on cultivating leading enterprises, enhancing supply chain integration, and accelerating industrial cluster upgrades to support high-quality economic development [2]

在唐山市百川机器人共享智能制造工厂，激光切割机、机器人焊接工作站、5轴立式加工中心等机械设 备有序运转，为多家机器人中小企业生产零部件。针对县域特色产业集群中小企业多、关联性强等特 点，唐山市因地制宜建设共享工厂，多维度整合资源，促进集群企业降本增效。谋划实施共享智造项目 39个，29个共享工厂（载体）投入运营。 唐山市工业和信息化局党组成员、副局长尹朝辉表示，下一步，将以领跑者企业培育为核心，精准招商 聚链，深化共享制造，提高头部企业配套率，加速产业关联集聚，持续推动特色产业集群提档升级，助 力经济高质量发展。 近年来，河北省唐山市把特色产业集群作为县域经济发展的抓手，通过精准规划、龙头带动、共享赋 能、系统支撑，推动产业集群量质齐升。目前,该市纳入河北省统计监测范围的特色产业集群共46个， 包含高端装备、绿色化工、智能家居等。今年前三季度，46个特色产业集群实现营业收入7027.7亿元， 同比增长5.1%。 唐山市坚持龙头引领，出台县域特色产业集群"领跑者"企业培育工作方案，从科技创新发展、数字化智 能化发展等6个维度累计培育"领跑者"企业86家；建立健全集群内优质企业梯度培育体系，累计培育高 新技术企业 ...

Core Viewpoint - The rapid development of shared manufacturing in China is driven by the integration of new information technologies with traditional manufacturing, leading to increased digitalization and innovative application models in various sectors [2][4][5]. Summary by Sections Shared Manufacturing Industry Overview - Shared manufacturing is a model based on the sharing economy, integrating idle manufacturing resources through internet platforms to achieve supply-demand matching, emphasizing equal status and information symmetry [2][4]. - The model includes resource sharing in manufacturing capabilities, innovation, and services, covering aspects like equipment leasing, collaborative production, and logistics [2][4]. Shared Manufacturing Industry Policies - The Chinese government has introduced multiple policies to promote shared manufacturing, including the implementation of shared platforms and factories, and the integration of various resources to enhance operational models [8][10]. - Key policies include the "Implementation Opinions on Promoting Future Industry Innovation Development" released in January 2024, which encourages the development of collaborative manufacturing models [10]. Market Size and Growth - The market size of China's shared manufacturing industry is projected to grow from 330 billion yuan in 2016 to 1,290.8 billion yuan by 2024, indicating significant growth potential [2]. - The manufacturing industry's revenue is expected to rise from 93.34 trillion yuan in 2019 to 119.2 trillion yuan in 2024, reflecting a positive trend in the sector [11]. Competitive Landscape - The shared manufacturing ecosystem includes large manufacturing enterprises, small and medium-sized factories, and various service providers, all collaborating to enhance resource utilization and operational efficiency [4][5]. - Notable listed companies in this sector include Shenyang Machine Tool (000410) and Midea Group (000333) [2].

Core Insights - Shared manufacturing in Hebei is enabling small and medium-sized enterprises (SMEs) to utilize advanced production equipment without the need for building their own production lines, thus reducing costs and enhancing efficiency [2][3][4] Group 1: Manufacturing Capability Sharing - The establishment of shared manufacturing factories, such as the Baichuan Robot Shared Manufacturing Factory, allows SMEs to access advanced equipment and reduce financial burdens associated with production [3][4] - The Baichuan factory can produce 3,000 robot units annually and has helped SMEs improve production efficiency by over 10% and reduce unit product costs by more than 8% [3] - The introduction of shared irradiation facilities, like the Ouda Irradiation Center, has enabled local companies to save significant costs and improve delivery times for photovoltaic cable production [5][6] Group 2: Service Capability Sharing - The formation of a centralized procurement company in Ningjin County has allowed SMEs to reduce raw material costs by approximately 100 yuan per ton, leading to a total reduction of 56 million yuan in raw material costs for the local cable industry [7][8] - Shared services extend beyond raw material procurement to include product sales and marketing support, enhancing overall operational efficiency for SMEs [8] Group 3: Innovation Capability Sharing - The establishment of shared laboratories, such as the one in the Linxi County bearing industry, provides SMEs with access to high-quality testing and research services, facilitating innovation and product development [11][12] - Collaborative efforts between SMEs and research institutions have led to significant advancements in technology and product quality, with numerous patents and successful technology transfers reported [13][14] - The integration of research and production capabilities through shared facilities is seen as a key driver for transforming the industry and enhancing competitiveness [11][15]

Core Viewpoint - The recent implementation plan for service-oriented manufacturing by seven departments is not just a policy document but a roadmap for investment opportunities over the next three to four years, emphasizing the integration of manufacturing and services [1][3]. Group 1: Service-Oriented Manufacturing - Service-oriented manufacturing transforms traditional manufacturing by combining product sales with services, such as remote monitoring and maintenance, enhancing efficiency and stability for businesses [3]. - The plan outlines specific goals to be achieved by 2028, including the establishment of 20 standards, the creation of 50 leading brands, and the development of 100 innovation hubs, indicating a clear growth trajectory for the industry [3][4]. Group 2: Investment Opportunities - Companies that can effectively integrate "manufacturing + services" are expected to receive more policy support and capture greater market share, leading to improved performance [3][4]. - The plan highlights the need for adequate computing power infrastructure to support smart manufacturing, suggesting that companies providing such services will have tangible orders and growth potential [4]. - The integration of AI with service-oriented manufacturing is emphasized, with a focus on companies that can deliver practical solutions rather than just concepts [4]. Group 3: Shared Manufacturing - The concept of shared manufacturing, such as shared factories and open testing resources, is gaining attention, allowing smaller companies to access high-end equipment at reduced costs, thus driving growth for companies operating these platforms [4]. Group 4: Long-Term Planning - The policy spans from 2025 to 2028, indicating a long-term commitment to the integration of advanced manufacturing and modern service industries, which are crucial for building a modern industrial system [4][5]. - Companies must demonstrate a genuine commitment to service-oriented manufacturing with real orders and revenue to be considered viable investment opportunities, rather than relying solely on branding [5].

Core Viewpoint - The implementation plan aims to enhance the integration of advanced manufacturing and modern service industries, promoting the development of service-oriented manufacturing from 2025 to 2028, with a focus on innovation, technology integration, and the establishment of a robust service-oriented manufacturing ecosystem [1][2]. Background of the Implementation Plan - Service-oriented manufacturing is crucial for deepening the integration of advanced manufacturing and modern services, enhancing the value creation capacity of the manufacturing sector, and improving its quality and efficiency [2]. - The plan is a response to the emphasis placed by the Chinese government on the development of service-oriented manufacturing, as highlighted in various national reports and guidelines since 2016 [2]. Overall Requirements and Development Goals - The plan is guided by Xi Jinping's thoughts and aims to create a modern industrial system centered on advanced manufacturing, promoting deep integration of information technology and industrialization [3]. - By 2028, the plan targets to enhance the role of service-oriented manufacturing in high-quality development, establish 20 standards, create 50 leading brands, and build 100 innovation development hubs [3]. Main Tasks of the Implementation Plan - The plan outlines seven main tasks, including strengthening key common technology research, promoting the growth of key productive service industries, and enhancing the standard system [4][5]. - Three special actions are also proposed: fostering shared manufacturing, enhancing service-oriented manufacturing brands, and innovating application scenarios [5]. Shared Manufacturing Action - The action involves building shared manufacturing platforms and factories to meet common manufacturing needs and enhance resource sharing [6]. Brand Enhancement Action - The plan aims to cultivate leading service-oriented manufacturing enterprises and brands, with a goal of establishing 100 leading enterprises and 50 brands by 2028 [7]. Innovation Application Scenario Action - The action encourages the creation of application scenarios that meet production, consumption, and national strategic needs, promoting the adoption of new technologies and models [8]. Development of Innovation Hubs - The plan proposes to establish innovation development hubs in high-tech industrial parks and clusters, focusing on policy coordination and innovation application [9]. Key Common Technology Research - The plan emphasizes the need for strengthening research on key common technologies and encourages enterprises to increase innovation investment [10]. Promotion of Service-oriented Manufacturing Models - The plan aims to categorize and promote the application of service-oriented manufacturing models across various industries, enhancing the integration of services into manufacturing [11]. Support for Productive Service Industries - The plan highlights the importance of developing productive service industries to support service-oriented manufacturing, including technology services, industrial design, and financial services [12]. Implementation Guarantees - Four measures are proposed to ensure the implementation of the plan, including policy support, public service improvement, talent development, and international cooperation [12].

Group 1 - Hebei Province's Xingtai City has launched a "Standard Quality Improvement Year" initiative focusing on six areas: standard leadership, quality foundation, quality enhancement, enterprise assistance, brand empowerment, and rectification improvement [1] - The initiative aims to enhance the scale and quality of characteristic industrial clusters, with a target revenue of over 650 billion yuan for 44 clusters this year [1] - Xingtai is promoting quality improvement and technological innovation, accelerating the development of shared intelligent manufacturing based on digitalization [1] Group 2 - The city has established seven new provincial-level quality inspection centers, achieving full coverage of provincial-level inspection and testing institutions for characteristic industrial clusters [1] - Over 4,000 chief quality officers have been appointed to cover all regulated industrial enterprises and extend support to small and medium-sized enterprises in characteristic industrial clusters [1] - The "Enterprise Assistance and Intelligence" service has helped over 90 companies attract more than 110 international quality experts to enhance their quality levels [1] Group 3 - Xingtai City promotes resource optimization and collaborative division of labor by establishing shared manufacturing scenarios among industrial clusters, with 34 enterprises building shared factories or platforms [1] - More than 2,200 participating enterprises have seen an average profit margin increase of 10% [1] - The city is also fostering industry-university-research integration to address innovation development needs and technical bottlenecks in key industrial clusters [2]

Core Viewpoint - The automotive industry in 2024 is facing challenges such as intense competition in the new energy vehicle market, leading to investment failures and reduced investments in manufacturing. This has also affected the domestic industrial robot sector, which is experiencing a downturn [1]. Group 1: Company Performance - Efort's revenue for 2024 was 1.37 billion yuan, a year-on-year decrease of 27.2%, but its net operating cash flow increased by 105.1% to 11.41 million yuan, indicating a contraction in business [1]. - Efort's R&D investment reached 133 million yuan, an increase of 44.78% year-on-year, representing 9.72% of its total revenue, marking the highest R&D investment in the past five years [1]. Group 2: Market Strategy - Efort has maintained rapid growth in its core business, with robot sales increasing by over 30% year-on-year and domestic market share rising to 5.5%. The company has identified over 80 lighthouse customers and significantly increased sales in sectors like 3C electronics and automotive [1]. - The company is adopting a "domestic substitution" and "leapfrog" strategy to differentiate itself from foreign brands, focusing on the localization and mass application of core components to control costs [2]. Group 3: Product Development - Efort launched a new series of heavy-load robots capable of handling up to 300 kg, featuring advanced transmission technologies that meet international standards for load, reach, and precision [3]. - The company achieved a 99.9% localization rate for its controllers in 2024, enhancing its core technology capabilities and improving the performance of its robots [5]. Group 4: Technological Innovation - Efort is integrating AI and developing new products, including a general-purpose technology base for manufacturing, which addresses the challenges of using robots for small-batch production [6]. - The company is also exploring humanoid and composite robots, with prototypes for dual-arm and bipedal robots already developed, focusing on improving their capabilities in industrial manufacturing [7]. Group 5: New Business Models - Efort is exploring a new business model called "shared manufacturing," which optimizes production capacity and reduces costs through a standardized spraying robot workstation [9]. - The company is expanding its overseas market presence by building a sales network and technical support system, actively participating in major exhibitions to enhance brand recognition [9]. Group 6: Future Outlook - Efort is positioned to benefit from increasing domestic demand for industrial robots and government support for smart manufacturing, aiming to become a leading global player in the robotics industry [10][12].