作者 | 郝文 编辑 | 趣解商业资讯组 12月24日，优必选（9880.HK）发布公告称，以"协议转让+要约收购"的组合方式共收购深交所上市公司锋龙股份（002931.SZ）93957518股（占锋龙股份公 司股份总数43%）。本次交易完成后，锋龙股份控股股东将由诚锋投资变更为优必选，实际控制人由董剑刚变更为优必选创始人、董事会主席周剑。 根据公告，本次控制权变更方案中的股份转让价格、要约收购价格均为17.72元/股（相比12月17日锋龙股份停牌前19.68元/股折让10%），以此计算，合计总 对价达16.65亿元。 图片来源：公告截图 12月25日，锋龙股份开盘一字涨停，报21.65元/股，市值47亿元。 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增減 | | 年同期增減 | | 营业收入(元) | 122. 199. 208. 07 | 8. 99% | 373,086,597.23 | 9.47% | | 归属于上市公司股东 | 6, 204, 449. 32 | 1,082.1 ...

本文字数：1021，阅读时长大约2分钟 作者 |第一财经 乔心怡 人形机器人，或将迎来"H+A第一股"。 优必选（9880.HK）发布公告，以"协议转让+要约收购"的组合方式共收购深交所上市公司锋龙股份 （002931.SZ）93957518股，占锋龙股份公司股份总数43%。本次交易完成后，锋龙股份控股股东将由 诚锋投资变更为优必选，实际控制人由董剑刚变更为优必选创始人、董事会主席周剑。 2025.12.25 优必选在上市后就曾表示 "会积极关注并考虑包括在A股上市的各类可能性"。中关村物联网产业联盟副 秘书长袁帅告诉第一财经记者，优必选此次收购或意在借助多层次资本市场的协同效应，为企业全球化 布局和产业链延伸提供更多资源支持。 今年下半年以来，优必选在产业端的订单进展明显加快。12月中旬，美国德州仪器与优必选正式达成战 略合作，德州仪器已采购优必选的工业人形机器人Walker S2，并正在其生产线上进行部署和调试。此 后，优必选中标惠州市惠阳区人形机器人大湾区数据采集中心项目，金额达5962.015万元，中标产品全 部为优必选工业人形机器人Walker S2。 产能方面，根据优必选披露，Walker S2当 ...

Core Viewpoint - The article discusses the acquisition of a controlling stake in Fenglong Co., Ltd. by UBTECH Robotics, marking a significant step towards the company's exploration of the "H+A" (Human + AI) path in the humanoid robot industry [3][7]. Group 1: Acquisition Details - UBTECH Robotics announced the acquisition of 93,957,518 shares of Fenglong Co., Ltd., representing 43% of the total shares, through a combination of agreement transfer and tender offer [3]. - The share transfer and tender offer price is set at 17.72 CNY per share, which is a 10% discount compared to the last trading price of 19.68 CNY before the suspension [3]. - The total consideration for the acquisition amounts to 1.665 billion CNY [3]. Group 2: Market Reaction and Company Overview - Following the announcement, Fenglong Co., Ltd. opened with a limit-up at 21.65 CNY per share, giving it a market capitalization of 4.7 billion CNY [4]. - UBTECH Robotics has no immediate plans to change the main business operations of Fenglong Co., Ltd. within the next 12 months [4]. Group 3: Business Developments - In the second half of the year, UBTECH has accelerated its order progress, including a strategic partnership with Texas Instruments for the deployment of its Walker S2 industrial humanoid robot [6]. - UBTECH won a project in Huizhou, with a contract value of 59.62 million CNY for the supply of Walker S2 robots [6]. - The current monthly production capacity of the Walker S2 exceeds 300 units, with an expected annual delivery of over 500 units, and a projected capacity increase to 10,000 units by 2026 [6]. Group 4: Future Challenges - The acquisition is seen as a crucial step for UBTECH in exploring the "H+A" path, but long-term success will depend on the company's ability to maintain delivery schedules, cost control, and stability in its industrial humanoid robots [7]. - The alignment between capital market narratives and actual engineering capabilities will significantly impact the value of UBTECH's "H+A" strategy [7].