Group 1 - Apple concept stocks experienced significant gains on October 20, with Star Technology (300256) rising over 17% and Kosen Technology (603626) hitting the daily limit for the fourth consecutive trading day [1] - The iPhone 17 has entered large-scale production, with Foxconn, the main manufacturer for Apple, ramping up hiring at its Zhengzhou plant [1] - Upgrades in the iPhone 17 are expected in areas such as SoC chip AI capabilities, heat dissipation, FPC soft boards, batteries, and back covers, leading to increased value [1] Group 2 - Kosen Technology has seen a continuous four-day limit increase, but the company clarified that it does not produce robot products despite being listed as a robotics concept stock by the media [1]

Core Viewpoint - Tianlian Robot faces significant risks of failing to go public on the Shanghai Stock Exchange due to its long history of unprofitability and inability to meet listing requirements [1][2][11] Financial Performance - Tianlian Robot reported revenues of 21.39 million yuan and 29.91 million yuan for 2023 and 2024 respectively, with negative net cash flow from operating activities of -1.44 million yuan and -908.84 thousand yuan [1] - The company has never achieved profitability in the past 10 years since its establishment in 2012, with a net loss of 14.27 million yuan in 2024 and a higher loss of 18.77 million yuan in 2023 [7][10] - The compound annual growth rate of revenue over the last three years is 12.03%, which does not meet the requirement of 25% for listing on the Science and Technology Innovation Board [2] Business Model and Revenue Sources - The core business of Tianlian Robot is the production of harmonic reducers, which accounted for 91.22% of total revenue in 2024, with previous years showing similar trends [4][5] - Other product lines, such as humanoid robots and collaborative robots, contribute minimally to revenue, with humanoid robots accounting for only 4.22% of total revenue in 2024 [5][6] R&D and Cost Structure - The company has significantly high R&D expenses, with 2024 R&D costs reaching 1.16 million yuan, representing 38.77% of total revenue [8] - Sales expenses increased by 110.28%, R&D expenses by 86.71%, and financial expenses by 91.92% in 2024, all outpacing revenue growth [8] Market Position and Future Outlook - Tianlian Robot is attempting to enhance its market presence through strategic partnerships, such as a recent agreement with Shenzhen Lihengxing Co., Ltd. to promote automation in manufacturing [9] - The company is optimistic about achieving profitability by 2026-2027, contingent on securing orders and business support [10]

长按即可免费加入哦 沪深两市成交额达到14356亿元，较昨日缩量1891亿。 华泰证券则指出，中国RISC-V发展体现在软件、应用及开发者生态三个方面，RISC-V架构由于具备开源开放的特殊属性，被认为是国产芯片弯道 超车的机遇。尽管X86-微软Windows操作系统及ARM-谷歌安卓系统一直保持市场两强格局，但出于成本等因素考量下，定制化和专用化芯片成为 新趋势，RISC-V将有望成为第三大架构生态。未来RISC-V的发展也将更注重：1）与现有生态项相连而非孤立；2）指令集标准统一。 A股三大指数在关税政策影响下保持韧性，截止收盘，沪指涨0.22%，收报3324.21点；深证成指涨0.28%，收报10679.44点；创业板指跌0.29%，收 报2190.08点。 盘面上，上涨股票数量超过4000只，涨停股票数量近百只。从板块来看，芯片股集体大涨，芯原股份等多股涨停。军工股震荡走强，洪都航空等涨 停。机器人概念股反弹，杭齿前进等20余股涨停。 01 RISC-V芯片概念爆发 今日午后，A股市场受消息面催化，芯片产业链个股大涨。其中，芯原股份午后开盘4分钟"20CM"涨停。 消息面上，传国内即将出台政策，进一步 ...