招股书显示，翼菲智能是中国领先的综合性工业机器人企业，专注于工业机器人的设计、研发、制造及商业化，并提供机器人综合解决方案，深耕轻工行 业。凭借自主研发的机器人本体、控制及视觉系统和制造工艺，公司已建立强大的全覆盖技术生态体系，实现规模化智能决策、环境感知、精确操控及自主 移动。 浙江翼菲智能科技股份有限公司(简称：翼菲智能)于6月30日所递交的港股招股书满6个月，于12月30日失效，递表时农银国际为其独家保荐人。 根据弗若斯特沙利文报告，按2024年收入计，翼菲智能是中国专注于轻工行业的工业机器人及相关机器人解决方案供应商中排名第五的国内企业。根据同一 资料来源，公司亦是中国少数具备规模化工业机器人及相关解决方案全面覆盖能力的机器人企业之一，助力各行各业的企业客户提升生产效率、优化生产成 本及改进产品质量，最终推动其智能化转型。 ...

卫昶认为，工业机器人智能化是大趋势，视-力-位融合感知及工业AI智能体将被广泛应用，改变现在的 工业机器人格局；人形机器人很"热"，但距离规模化的应用还有一段路要走，要寻找最初"值得用"的应 用。 北京止于至善投资管理有限公司总经理何理对《证券日报》记者表示："降本增效始终是制造业的核 心。面对劳动力成本上升及柔性生产需求，传统固定工位机器人已不足以覆盖复杂、非结构化场景。人 形机器人凭借其泛化能力，能有效补齐'最后一公里'的自动化短板，是制造业迈向高端化、智能化的必 然趋势。" 面向机器人赛道，美的集团已构建完整布局链路。卫昶在演讲中阐述了美的集团机器人发展战略，即通 过工业机器人智能化升级、家电产品机器人化创新、人形机器人价值化落地的协同推进，构建全场景智 能生态。 卫昶表示："美的集团人形机器人遵循'工业先行、商业跟进、家庭探索'的落地路径，优先在可控场景 中实现技术价值转化，集团在全球布局的100余家智能制造工厂及全屋智能家电生态体系，为机器人技 术提供了天然的场景验证与数据积累平台。" 当前，科技巨头正加速布局机器人赛道。11月份，重庆长安汽车股份有限公司发布的公告显示，公司拟 出资2.25亿元联合 ...

Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for five companies, including Yifei Intelligent, which is seeking to list on the Hong Kong Stock Exchange [1][2] - Yifei Intelligent is a comprehensive industrial robotics company focused on the design, research and development, manufacturing, and commercialization of industrial robots, providing integrated robotic solutions primarily in the light industry sector [3] - According to a report by Frost & Sullivan, Yifei Intelligent ranks fifth among domestic companies specializing in industrial robots and related solutions for the light industry in China, with capabilities to enhance production efficiency and optimize costs for various enterprises [3] Group 2 - The CSRC has requested Yifei Intelligent to clarify issues related to equity changes, shareholder situations, and the operational status of its subsidiaries, including legal opinions from lawyers [1][2] - Specific inquiries include the rationale behind equity changes, the status of major shareholders, and the operational activities of its subsidiary Shanghai Yike, which is involved in advertising services [2] - The company is also required to ensure compliance with regulations regarding overseas issuance and listing, including the potential impact of share pledges and the details of its proposed "full circulation" plan [2]

Group 1: Industry Overview - The 2025 SIA Shanghai International Smart Factory Exhibition showcased over 1,000 companies presenting various collaborative robots and intelligent control systems, emphasizing the shift from traditional manufacturing to intelligent manufacturing [1] - China has become the world's largest robot producer, with industrial robot production increasing from 33,000 units in 2015 to 556,000 units in 2024, maintaining the largest industrial robot market for 12 consecutive years [2] - The integration of AI technology into industrial robots is a significant trend, enabling them to autonomously perceive, analyze, and make decisions in complex environments [2] Group 2: Technological Advancements - The intelligent pipeline polishing robot developed by Shanghai ZaiKe Intelligent Technology Co., Ltd. can operate in confined spaces, improving work efficiency by over 10 times compared to manual labor [2] - The smart composite robot from Foshan Zhiqing Technology Co., Ltd. features a dual-brain architecture for precise and smooth operations, capable of working in temperatures from 0°C to 50°C with a positioning accuracy of ±0.05 mm [3] - Electric grippers, which are essential for automation, currently have a low market penetration of only 6% in China, indicating significant growth potential [4][5] Group 3: Vertical Integration and Collaboration - Companies are pursuing vertical integration across the entire value chain to provide customized services for industries such as power batteries, automotive, electronics, and semiconductors [4] - A collaboration between Yikaida Technology (Shanghai) Co., Ltd. and Huayan Robotics (Jiangsu) Co., Ltd. has led to standardized solutions in machine tool loading and spraying, enhancing deployment speed for downstream clients [6] - The China Robot Industry Alliance predicts that by 2025, industrial robot sales in China will exceed 400,000 units, with the market size expected to reach 150 billion yuan [6] Group 4: Expanding Applications - Robots are extending their applications beyond industrial sectors into areas like healthcare, with the introduction of acupuncture robots that utilize 3D vision sensors for precise point location [7] - The acupuncture robot employs graphene purification technology to eliminate smoke generated during the process, making it more suitable for patients with respiratory issues [7] - Companies are also focusing on collaborative robots to enhance services in welding, polishing, and material handling within industrial settings [7] Group 5: Market Dynamics - The exhibition highlighted the robust growth momentum of China's robot market, driven by policy support, technological breakthroughs, and increasing demand across various industries [8]