Core Viewpoint - Shanghai Kusa Technology Co., Ltd., a provider of urban service robots, announced the completion of several million yuan in Pre-A+ round financing, aimed at product development, market expansion, and promoting large-scale application of robots [1] Financing Details - The financing round was led by Jinsha River Venture Capital and Lingang Sinan Park Science and Technology Fund, with existing shareholder Jinshui Lake Venture Capital increasing its investment [1] - The funds raised will primarily be used for new product research and development, market expansion, and scaling up robot applications [1]

Investment Rating - The investment rating for the company is "Buy" [13] Core Views - The company reported a revenue of 10.55 billion yuan for the first half of 2025, a year-on-year increase of 2.17%, but the net profit attributable to shareholders decreased by 32.69% to 288 million yuan [5][6] - The decline in net profit was primarily due to a reduction in government subsidies, which decreased by 144 million yuan year-on-year [6] - New orders remained stable, with a total of 14.38 billion yuan in new orders signed in the first half of 2025, a slight increase of 0.2% year-on-year [6] - The company has made progress in robotics, having developed a welding robot control system and begun external sales [7] Financial Summary - The company’s total market capitalization is 12.7 billion yuan, with a total share capital of 690 million shares [4] - The company’s debt-to-asset ratio stands at 61.9% [4] - The projected revenue for 2025 and 2026 is expected to be 22.2 billion yuan and 23 billion yuan, respectively, with growth rates of 3.4% and 3.5% [7][9] - The estimated net profit for 2025 is 680 million yuan, reflecting a decrease of 12.1%, while the profit for 2026 is projected to increase by 62% to 1.1 billion yuan [7][9]

CENTURY PLAZA HOTEL GROUP (FORMERLY KNOWN AS GREATWALLE INC.) 新 都 酒 店 集 團 （原 名 為 長 城 匯 理 公 司） （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 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公佈全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本公告乃由新都酒店集團（「本公司」，連同其附屬公司統稱「本集團」）自願刊發。 本公司茲宣佈已啟動成立一全資擁有的附屬公司，新子公司主要專注於機器人本 體的設計與生產，並在運動控制系統、智能感知與算法、靈巧操作手、模塊化關 節等核心零部件的研發、生產、銷售，同時協同本集團現有業務，包括且不限於 酒店、餐飲、文旅及娛樂生態。 新子公司目標是打造通用型機器人，產品具備高精度、高靈活性和多場景適應性， 能廣泛應用於多個等領域，亦為客戶提供智能機器人的技術諮詢、維修等的完整 軟硬件一體化解決方案。 – 1 – 董事會認為新子公司的設立，既能加速新技術的研發與應用推廣， ...

Core Viewpoint - Sichuan Tianlian Robot Co., Ltd. has signed a counseling agreement with Huazhang Securities for its initial public offering (IPO) on the Shanghai Stock Exchange's Sci-Tech Innovation Board, entering the counseling period as of July 30, 2023 [1] Group 1: Company Background - Sichuan Tianlian Robot was established in July 2012 and listed on the New Third Board at the end of 2015, currently classified as an innovative tier enterprise on the New Third Board [2] - The company has been in a loss-making state since 2015, with revenues of 23.83 million yuan, 21.39 million yuan, and 29.91 million yuan for the years 2022 to 2024, respectively, reflecting a compound annual growth rate of 12.03% [2] - The company has completed two rounds of financing before its New Third Board listing, with investments led by Jinhui Feng Investment [3] Group 2: Product and Market Position - Sichuan Tianlian Robot specializes in high-tech, low-cost, and reliable core components for robots, as well as intelligent manufacturing system solutions, focusing on bionic and humanoid robots [4] - The company ranks among the top five in the domestic market for harmonic reducers, and is positioned within the top three for domestic brands [4] - The core product in humanoid robots is the T1 PRO, which features 81 degrees of freedom and stands approximately 1.6 meters tall, with all key components developed in-house [4] Group 3: Strategic Partnerships and Future Plans - The company has been recognized as one of the first batch of chain master enterprises for iconic products in Sichuan Province, with its humanoid robot selected as one of the ten future products [5] - Sichuan Tianlian Robot has established strategic cooperation agreements with several A-share companies, including a recent agreement with Lihua Xing to enhance market share in automated manufacturing and testing [5] - The company anticipates two significant intention orders for humanoid robots, totaling approximately 1,000 units valued at 400 million yuan, which supports its decision to pursue an IPO [6]