Denholm在股东信中同样指责称，这些代理顾问"不适用于像特斯拉这样的公司"。她写道："他们套用 标准化、平均公司模型，但特斯拉从不是常规公司，我们给股东带来的是39,000%的上市回报。" 这一极具争议的薪酬案将于11月6日年会提交投票，结果或将决定特斯拉未来十年的权力结构与增长路 径。 该薪酬方案以马斯克未来10年达成极高目标为前提，包括将公司市值提升至8.5万亿美元、并推动特斯 拉无人出租车(Robotaxi)业务落地扩张。一旦业绩达成，马斯克将获得最高达1万亿美元的股票激励(分 12个阶段发放)，其公司投票权将升至约25%。 Denholm周一接受采访时直言："你们希望留住马斯克继续担任CEO，并激励他将特斯拉变成全球自动 化解决方案领导者和最有价值公司吗？" 马斯克曾在三季报电话会上表示不安："我不希望打造出一个机器人军团后，仅因ISS和Glass Lewis的建 议被赶出公司。"他批评称，被动指数基金往往跟踪ISS与Glass Lewis的意见，"他们过去就多次给出灾 难性建议"。(两家主要代理投票顾问机构ISS和Glass Lewis都建议股东对马斯克薪酬方案与特斯拉涉xAI 的相关投票案投下 ...

九福来(08611)公布，于2025年10月24日，该公司拟向执行董事张荣轩先生发行本金额为2860万港元的 可换股债券。 每股换股股份的换股价为0.550港元，较股份于最后交易日在联交所所报收市价每股0.670 港元折让约17.9%。 所得款项净额约60%将主要投资于硬件，以提升集团现有能力，并有助提供针对不同行业的自动化解决 方案;20%将用于透过招聘软件开发人员及专业联属人士扩充人手，以及提供挽留人才的奖励;20%将用 于支持日常营运及其他整合成本。 ...

所得款项净额约60%将主要投资于硬件，以提升集团现有能力，并有助提供针对不同行业的自动化解决 方案;20%将用于透过招聘软件开发人员及专业联属人士扩充人手，以及提供挽留人才的奖励;20%将用 于支持日常营运及其他整合成本。 智通财经APP讯，九福来(08611)公布，于2025年10月24日，该公司拟向执行董事张荣轩先生发行本金额 为2860万港元的可换股债券。 每股换股股份的换股价为0.550港元，较股份于最后交易日在联交所所报 收市价每股0.670港元折让约17.9%。 ...

Core Viewpoint - The company is experiencing significant growth in its semiconductor equipment business, driven by increased demand for automation solutions and a focus on domestic production capabilities [1][2][3][4]. Group 1: Semiconductor Equipment Business - The company's semiconductor equipment products include atmospheric and vacuum robotic arms, EFEM, and vacuum transfer platforms, which are used in various semiconductor manufacturing processes [1]. - The company has successfully introduced vacuum direct-drive robotic arms and vacuum transfer platforms into terminal FABs, with products undergoing validation and entering mass production [1][2]. - In 2024, the semiconductor equipment business is projected to generate approximately 574 million yuan in revenue, representing a year-on-year growth of 99.41%, and accounting for 13.88% of the company's total revenue [3]. Group 2: Market Position and Strategy - The company is one of the earliest domestic enterprises to achieve industrialization of semiconductor robotic products, aiming to meet local demand for domestic production amid changing international policies [2]. - The company is focusing on expanding market share and deepening collaboration with downstream customers by introducing strategic investors into its semiconductor subsidiary [2]. - The gross margin for the semiconductor business is approximately 26.93%, reflecting an increase of 8.32% year-on-year, with expectations for continued growth in revenue and margins [3]. Group 3: Industry Outlook - The Chinese industrial robot market is the largest globally, with long-term growth expected despite uncertainties in the external environment [4]. - The domestic market has significant potential for growth, particularly in sectors like new energy vehicles, driven by automation upgrades [4]. - The company is implementing a "3+3+N" strategy to focus on core business, achieve standardized product mass production, and enhance technological leadership [4]. Group 4: Export and International Expansion - In 2024, the company's export revenue is expected to account for approximately 12.25% of total income, with limited impact from international policies [5]. - The company plans to enhance its overseas market presence, particularly in the new energy vehicle and lithium battery sectors, to increase international revenue [5].

Core Insights - DHL Group has signed a strategic memorandum of understanding with Boston Dynamics to deploy over 1,000 robots across its operations, marking a significant milestone in their collaboration since 2018 [1] - DHL has invested over €1 billion in automation in its contract logistics division over the past three years and has deployed more than 7,500 robots globally [1] - The Stretch robot, designed specifically for box handling, has been successfully deployed by DHL in North America, the UK, and Europe, achieving unloading speeds of up to 700 boxes per hour [1][2] Group 1: Stretch Robot Advantages - Stretch robot is specialized for box handling and has improved employee satisfaction by reducing the need for strenuous labor in extreme temperatures [2] - DHL plans to further integrate Stretch into its operations to maximize its impact beyond container unloading, particularly in the labor-intensive area of box picking [2] Group 2: Case Study - Gap Inc. - Gap Inc. has tested the Stretch robot in its distribution center, finding it capable of handling various boxes, which has reduced injury risks and improved working conditions [3] - Stretch can operate in extreme temperatures, allowing it to work continuously in challenging environments [3] Group 3: Technical Features of Stretch - Stretch is equipped with a seven-degree-of-freedom robotic arm and a smart gripper, allowing for exceptional flexibility in tight spaces [5] - The robot uses computer vision to navigate and avoid obstacles, and its design allows it to operate on standard pallet sizes [5][6] - Stretch can perform multi-box picking and handle slightly damaged or deformed boxes, enhancing its operational efficiency [5] Group 4: Operational Efficiency - Employees can be trained to operate Stretch in just a week and can begin using it within an hour [7] - Gap Inc. reports that Stretch can handle 10,000 boxes daily, a task that would typically require 12 to 15 workers, thus allowing one worker to supervise two Stretch robots [7][8] Group 5: Future Collaborations - DHL and Boston Dynamics plan to expand their collaboration to develop integrated automation solutions, enhancing operational efficiency and customer service [11][13] - The partnership aims to create resilient, responsive, and intelligent solutions to address unique challenges in the logistics industry [11][13] Group 6: Otto Group Partnership - Otto Group has announced a strategic partnership with Boston Dynamics to deploy Stretch robots at over 20 locations by 2025, along with Spot robots for various operational tasks [10] - Otto Group is a significant player in e-commerce and logistics, valued at €16 billion, with operations in 30 countries [10]