证券日报网讯伊之密（300415）11月24日在互动平台回答投资者提问时表示，依托数字化工厂的模块化 生产优势，公司具备柔性制造能力。对高景气赛道的战略客户，公司设有灵活的排产机制，能够优先调 配资源，确保设备的高质量、短周期交付。 ...

本月刚刚召开的国务院常务会议，部署了增强消费品供需适配性进一步促进消费政策措施。提出"增强 供需适配性"，国务院常务会议为下一步提振消费释放了什么新信号？ 这次会议明确提出，要加快新技术新模式创新应用，强化人工智能融合赋能，聚焦重点行业、重点领域 开发新产品和增值服务。有专家表示，培育超大规模市场，使之成为"需求引擎"，不断为新产品、新业 态、新模式的诞生提供土壤。 对于如何解决"供需适配"的问题，此次国务院常务会议也提出了一些重点路径，如明确，加快新技术新 模式创新应用，强化人工智能融合赋能，聚焦重点行业、重点领域开发新产品和增值服务，持续拓展新 的消费增量。围绕细分市场精准匹配不同人群需求，发展一批柔性制造工厂，推动生产高效响应消费者 个性化需要等。 聚焦重点行业、重点领域开发新产品和增值服务 何为供需适配？商务部研究院流通与消费研究所所长董超解释，供需适配是指通过提升供给与需求的匹 配度，从而解决低端供给过剩、优质供给不足的供需错位问题，进一步打通制约消费的卡点堵点，畅通 经济循环，释放消费潜力。 要围绕细分市场精准匹配不同人群需求，发展一批柔性制造工厂，推动生产高效响应消费者个性化需 要。 要培育消费 ...

Core Viewpoint - The State Council meeting emphasizes enhancing supply-demand adaptability as an effective measure to unleash consumption potential and facilitate economic circulation [1] Group 1: Flexible Manufacturing - Flexible manufacturing is identified as a future direction for manufacturing enterprises to achieve personalized customization in response to increasingly diverse market demands [1][2] - The construction of flexible manufacturing plants in China has transitioned from conceptual exploration to large-scale practical implementation, driven by national strategy and market demand [1][2] - Flexible manufacturing can effectively address the mismatch between supply and demand in traditional mass production, thereby releasing domestic demand potential and creating new demand through high-quality supply [2] Group 2: Market Potential and Growth - The market size of flexible manufacturing was approximately 62 billion yuan in 2020, with expectations to reach 130 billion yuan by 2025, indicating significant growth potential [2] - The penetration of flexible manufacturing is expanding from the automotive and home appliance sectors to include clothing, food, and other industries, with the automotive sector already accounting for 35% of flexible production lines [2] Group 3: Policy Support and Technological Integration - Policies such as the "Implementation Plan for Digital Transformation in Light Industry" aim to enhance flexible production capabilities by promoting the application of smart technologies in various industries [3] - The integration of new information technologies, such as industrial internet platforms and AI, is deepening, providing strong support for rapid production changes and personalized scheduling in flexible manufacturing [3][5] Group 4: Future Trends and Workforce Development - The demand for flexible manufacturing is increasing due to industrial upgrades, which also provide application scenarios for advanced technologies like embodied intelligent robots [4] - The implementation of technologies like digital twins, AI scheduling, and 5G edge computing is expected to drive the development of upstream and downstream industries, creating new job roles in data analysis and algorithm engineering [5] - Strengthening the "digital foundation" and breaking down data barriers across enterprises and industries are essential for the development of flexible manufacturing plants [5]

放大"两重"建设效应 国务院总理李强11月14日主持召开国务院常务会议，研究深入实施"两重"（国家重大战略实施和重点领 域安全能力建设）有关工作，部署增强消费品供需适配性进一步促进消费政策措施等。 会议指出，要围绕细分市场精准匹配不同人群需求，发展一批柔性制造工厂，推动生产高效响应消费者 个性化需要。 会议指出，增强供需适配性是进一步释放消费潜力、畅通经济循环的有效举措。要以消费升级引领产业 升级，以优质供给更好满足多元需求，实现供需更高水平动态平衡。要加快新技术新模式创新应用，强 化人工智能融合赋能，聚焦重点行业、重点领域开发新产品和增值服务，持续拓展新的消费增量。要积 极支持企业扩大特色、高品质消费品供给，加快安全、性能、绿色等标准更新升级，完善认证体系。要 围绕细分市场精准匹配不同人群需求，发展一批柔性制造工厂，推动生产高效响应消费者个性化需要。 要培育消费新场景新业态，丰富消费金融产品和服务，营造良好消费环境。 盘和林表示，当前拉动内需是我国经济工作的重要任务，而现实中，主要有两个问题制约我国消费增 长： 第一是普通人购买力不足，生活压力大，收入增长不够快。对于这部分消费者来说，提振消费的根本在 于提 ...

Core Viewpoint - TuoSiDa is undergoing a strategic transformation focusing on product enhancement and project contraction, leading to improved performance and plans for an H-share listing in Hong Kong [1][2]. Financial Performance - In the first three quarters of 2025, TuoSiDa achieved revenue of 1.688 billion yuan, a year-on-year decline of 24.49%, while net profit attributable to shareholders reached 49.34 million yuan, an increase of 446.74% [1][6]. - The third quarter saw revenue of 602 million yuan, a year-on-year increase of 17.58%, and net profit of 20.60 million yuan, up 176.93% [1][6]. - For the first half of 2025, revenue was 1.086 billion yuan, down 36.98%, with net profit decreasing by 19.75% [6]. Business Strategy - TuoSiDa is actively adjusting its business structure by reducing the scale of its project-based operations, particularly in the smart energy and environmental management systems sector, which is expected to see a revenue decline of over 50% in 2024 [4][5]. - The company aims to enhance its product lines, including industrial robots, CNC machine tools, and injection molding machines, while decreasing the proportion of project-based business [5][6]. Product Development - On September 12, TuoSiDa launched its first humanoid robot, "Xiao Tuo," targeting the injection molding sector and marking its entry into the humanoid robot market [1][8]. - The company is deepening its "AI + manufacturing" strategy to explore new market opportunities in flexible manufacturing [8]. Business Segments - In the first three quarters of 2025, the industrial robot and automation application systems segment generated revenue of 545 million yuan, a year-on-year increase of 2.34% [7]. - The injection molding machine and related equipment segment achieved revenue of 348 million yuan, maintaining stability with a gross margin increase of 8.55 percentage points [7]. - The CNC machine tool segment reported revenue of 226 million yuan, a growth of 44.29%, although the gross margin decreased by 4 percentage points due to changes in product mix [7].

Group 1 - The core viewpoint of the news is that advancements in technology, such as real machine reinforcement learning and the transition of companies to joint-stock structures, are driving the evolution of the robotics industry and related materials [1][2][3] Group 2 - ZhiYuan Robotics has successfully implemented its real machine reinforcement learning technology in collaboration with Longqi Technology, marking a significant step from academic research to industrial application, enhancing flexible manufacturing efficiency and adaptability [1] - The name change of YunShenChu Technology from a limited liability company to a joint-stock company indicates a strategic shift towards capital operations, potentially paving the way for attracting strategic investors or preparing for an IPO [2] - Northern Rare Earth has identified humanoid robots as a new driving force for the demand for rare earth magnetic materials, highlighting the critical relationship between humanoid robotics and the supply chain of high-performance rare earth materials [3]

Group 1 - The core concept of the news highlights the innovative model of the fashion industry in Yishan Town, which integrates digital innovation and flexible manufacturing to respond to market changes [1] - Yishan Town has established a comprehensive fashion ecosystem that includes design, sampling, production, and sales, attracting nearly 3,700 enterprises and over 8,000 designers and pattern makers [1] - In the first half of this year, the online retail sales of the clothing industry in Hangzhou reached 30.738 billion yuan, representing a year-on-year growth of 15% [1] Group 2 - The "live streaming + brand" revolution in Hangzhou is driving a transformation in the clothing industry, with over 500 cross-border e-commerce companies and a transaction volume of 5.26 billion yuan, up 21.85% year-on-year [2] - The industry aims to transition from being a "traffic highland" to a "quality peak," emphasizing the importance of dual empowerment through platforms and industries for the future of Hangzhou's women's clothing [2]

Core Insights - The article highlights the emergence of Heihu Technology, founded by the young entrepreneur Zhou Yuxiang, as a significant player in China's industrial automation and SaaS market, catering to a diverse range of industries from beverage to household appliances [1][2][10] - Heihu Technology's strategy focuses on serving small and micro enterprises, which are abundant in China, by providing lightweight and convenient digital solutions, thus addressing a gap left by traditional industrial software [4][5][6] Industry Overview - The industrial software market in China, particularly in the SaaS/MES sector, remains relatively limited compared to global giants like Siemens, Dassault Systems, and Rockwell, which dominate the market due to their established technology and ecosystem [3][6] - The Chinese manufacturing landscape is characterized by a vast number of small workshops and enterprises, making it distinct from other countries where large corporations dominate [4][6] Company Strategy - Heihu Technology's approach is likened to a "guerrilla warfare" strategy, penetrating the intricate network of China's manufacturing sector by offering solutions tailored for small factories, which traditional software has often overlooked [5][6] - The company has successfully integrated its "Heihu Small Work Order" system, which facilitates progress tracking and payroll for small enterprises, leading to increased collaboration with larger companies that discover their suppliers are already using Heihu's products [5][6] Technological Advancements - Heihu Technology is at the forefront of flexible manufacturing, responding to the growing demand for personalized and rapid production cycles, which traditional manufacturing methods struggle to accommodate [7][9] - The company has invested in advanced technologies such as AI, IoT, and digital twin technology to enhance production efficiency and decision-making processes, significantly reducing the time required for complex tasks [9][10] Market Position - As of 2023, Heihu Technology has captured a 40% market share in China's SaaS/MES sector, with over 30,000 clients, including notable brands like Mixue Ice Cream and AO Smith, which have contributed to its market expansion [10]

Core Viewpoint - The establishment of the "Junpu Intelligent - Zhiyuan Joint R&D Laboratory" aims to advance industrial AI from "perceptual intelligence" to "executive intelligence," focusing on developing a closed-loop ecosystem for toolchain development and scenario validation [1][5]. Group 1: Laboratory Objectives - The laboratory will focus on creating a universal underlying toolchain and algorithm platform for core industrial processes, addressing the complexities of basic actions like "grasping," "assembly," and "movement" [3]. - It aims to build a standardized toolchain that integrates software and hardware, facilitating rapid development and deployment of upper-layer applications [3]. Group 2: Data Acquisition and Model Training - The laboratory has established a complete closed-loop system for "scene building - data collection - model training - tool development" to tackle the challenge of acquiring high-quality industrial private data [3]. - Junpu Intelligent is actively building a physical data collection center to gather essential data for model training from real and simulated industrial environments [3]. Group 3: Strategic Collaboration - The collaboration between Zhiyuan Robotics and Junpu Intelligent combines Zhiyuan's expertise in AI large models with Junpu's 50 years of experience in intelligent manufacturing, creating a strategic synergy [5]. - The laboratory will focus on developing a universal toolchain for AI models, enabling quick training, adaptation, and deployment in new scenarios [5]. Group 4: Innovation and Flexibility - The laboratory's approach aims to overcome the limitations of traditional industrial automation, which has been constrained by insufficient flexible manufacturing capabilities and low hardware reuse rates [5]. - Future intelligent devices equipped with the laboratory's technological achievements will be able to adapt quickly to new tasks, significantly improving equipment utilization and reducing debugging cycles [5]. Group 5: Sustainable Development - The innovation center will serve as an open platform, continuously providing real industrial demands and data to the laboratory [5]. - The tools and data platforms developed by the laboratory will be made available to customers and partners, promoting self-extraction of data and model utilization, ultimately creating a sustainable closed-loop from technology development to commercial application [5].

Group 1 - The core concept of the news highlights the innovative model of the fashion industry in Yishan Town, which integrates digital innovation and flexible manufacturing to respond to market changes [1] - Yishan Town has established a comprehensive fashion ecosystem that includes design, sampling, production, and sales, attracting nearly 3,700 enterprises and over 8,000 designers and pattern makers [1] - In the first half of this year, the online retail sales of the clothing industry in Hangzhou reached 30.738 billion yuan, representing a year-on-year growth of 15% [1] Group 2 - The news also discusses a "live streaming + brand" revolution in Hangzhou, driven by leading MCN organizations, which is fostering the development of designer and influencer brands [2] - There are over 500 cross-border e-commerce companies in Hangzhou, with a cross-border clothing transaction volume of 5.26 billion yuan, showing a year-on-year increase of 21.85% [2] - The industry aims to transition from being a "traffic highland" to a "quality peak," emphasizing the importance of dual empowerment through platforms and industries for the future of Hangzhou's women's clothing sector [2]