Core Insights - The conference highlighted the importance of industrial AI in addressing complex industrial scenarios, emphasizing the need for safe, reliable, and efficient applications of AI technologies like ChatGPT in the process industry [2][3] - The company introduced its "Industrial Embodied Intelligence" model, which integrates AI with industrial knowledge systems, enabling traditional factories to evolve into autonomous industrial AI factories [3][4] Industry Applications - The TPT model demonstrated significant practical value, achieving a prediction accuracy of 99.79% and increasing ethylene yield by 0.373% at PetroChina's Yulin Chemical, resulting in an estimated annual benefit of 15 million yuan [4] - In Inner Mongolia, the TPT model optimized the closed-loop control of an electrolytic cell cluster, reducing daily electricity consumption by over 6,700 kWh, which could save over 120 million kWh over five years, equivalent to the annual electricity needs of 704,000 rural households [4] Market Potential - The industrial added value in China is projected to reach approximately 40.5 trillion yuan in 2024, with the process industry accounting for 45% of this value [4] - The TPT model can reduce labor input by 30-50% and improve production efficiency by 1-3%, potentially decreasing carbon emissions in the manufacturing sector by 1-3% if widely adopted, contributing nearly 1% to national GDP growth [4] Recent Developments - The TPT 2 model has been successfully deployed in Hubei Xingrui within a month of its release, with over 7,000 online users from more than 4,000 enterprises, generating an estimated annual benefit of over 100 million yuan [5] - The company aims to replicate successful models like "San Ning" and "Xing Fa" in high-energy, high-value scenarios to accelerate the application of industrial AI and build a robust industrial AI technology ecosystem [5]

作为工业领域的盛会，今年的工博会吸引了来自美、德、日、法等28个国家和地区的3000余家企业参 展，展览总面积达30万平方米，涵盖了工业自动化、机器人、智慧能源等多个方面，那我们也是来到现 场，看看今年的工博会现场都有哪些好玩有趣的地方。 ...

Core Insights - The 25th China International Industry Fair showcased the highest concentration of AI technologies in history, indicating a significant penetration of AI across the entire manufacturing value chain [1] - The current enthusiasm for industrial AI mirrors the early days of the Industry 4.0 wave, characterized by hopes for efficiency and productivity improvements alongside rational concerns [1] - Industrial AI is not a new concept; it has evolved from early expert systems to machine learning, with recent advancements driven by large models [1][2] - The integration of AI in industrial settings faces challenges, particularly in data, industry knowledge, and the complexity of real-world scenarios [2][4] Company Developments - Siemens presented over 20 AI-powered products and solutions at the fair, including the Industrial Copilot system, emphasizing that the main limitation for industrial AI deployment is not the algorithms but the data and complexity of scenarios [2] - ABB introduced the OmniCoreTM EyeMotion vision system and online automatic path planning technology, enhancing robot autonomy significantly, although AI still faces reliability issues in high-precision industrial applications [2][3] - ABB's strategic investment in LandingAI aims to enhance the training speed of its AI vision systems by up to 80%, indicating a commitment to integrating advanced AI technologies into its robotics software [3] Industry Perspectives - Schneider Electric highlighted the vast potential applications of AI in the industrial sector, noting that the unique nature of industrial data poses challenges for effective AI model training [4] - The current state of AI in industrial applications is primarily supportive rather than central to decision-making, with AI providing optimization strategies that require conventional models for accurate execution [5] - China is positioned as a fertile ground for industrial AI development, with a high density of industrial robots and a strong acceptance of AI innovations, leading to a rich environment for training and application [5]

Core Viewpoint - The North Exchange has seen a significant increase in merger and acquisition (M&A) activities, with notable stock performances from companies like Wuxin Tunnel Equipment and Chuangyuan Xinke, driven by recent policy reforms and market interest in M&A opportunities [1][2][7]. Group 1: Stock Performance - Wuxin Tunnel Equipment's stock rose by 7.98% to a high of 68.39 yuan, marking a new high in over a year [1]. - Chuangyuan Xinke's stock reached a historical high of 35.5 yuan after its resumption of trading on September 23 [1]. - Wuxin Tunnel Equipment has seen a cumulative stock increase of 134.27% year-to-date [2]. Group 2: M&A Activities - Wuxin Tunnel Equipment's acquisition of Wuxin Heavy Industry and Xingzhong Technology is the first stock issuance for asset purchase under the new M&A guidelines, with a slight adjustment in the acquisition ratio to 99.9057% [2]. - Chuangyuan Xinke plans to acquire 100% of Shanghai Weiyu Tiandao Technology, enhancing its capabilities in satellite navigation testing [3]. - Multiple M&A cases in 2025 have transaction values exceeding 100 million yuan, including East and New Materials' acquisition of 51% of Anshan Fuyou Mining for 255 million yuan [4][5]. Group 3: Industry Trends - The North Exchange's M&A focus is on vertical expansion, business upgrades, and market expansion, with companies like East and New Materials enhancing supply chain security [7]. - The trend includes integrating high-quality resources within the same group and extending mergers in emerging industries [8]. - The North Exchange aims to optimize industry chain layouts and enhance comprehensive competitiveness through M&A, supported by favorable policies and market conditions [7].

Core Viewpoint - Helenzheng's subsidiary Suzhou Yisheng Robotics Technology Co., Ltd. is expected to experience significant sales growth in 2024 due to the expansion of Apple's smartphone production lines, with projected increases of 34.2% in robotics, 63.58% in sliding tables, and 31.62% in vision products [1] Group 1 - Suzhou Yisheng is 18.18% owned by Helenzheng and focuses on the research, production, application, and sales of core automation products such as industrial robots, sliding tables, and industrial cameras [1] - The company is an authorized distributor and value-added solution provider for EPSON industrial robots and a key partner for SMC pneumatic products and Panasonic sensors in China [1] - Suzhou Yisheng provides factory automation planning and solution integration for various industries, including consumer electronics, automotive, new energy, OLED, 5G, and smart warehouses, and is a significant supplier of industrial robots for Apple's production lines [1]

新华财经上海9月26日电（记者黄安琪）博世力士乐以"智造未来，自在掌握"为主题亮相第二十五届中 国国际工业博览会，携手博世集团以及旗下运动控制公司Elmo联合登场，集中呈现全球前沿技术、本 土化创新产品与成熟的行业应用实践。 博世力士乐中国工厂自动化产品业务高级副总裁王英姿表示，中国制造业正以澎湃之势向高端化、智能 化、绿色化方向迈进，在推动经济高质量发展的同时，也为全球制造体系注入了强劲动能。博世力士乐 不仅是中国智能制造发展的见证者，更是推动者与参与者。 "持续亮相工博会，不仅彰显了我们的技术实力与行业地位，还展现了我们与中国制造业共成长的长期 承诺，进一步赋能本土客户'赢在中国，胜在全球'。"王英姿说。 深耕中国市场40余年，博世力士乐始终秉持"双元本地化"战略：一方面，博世力士乐通过"零时差"将全 球前沿科技引入中国；另一方面，结合中国智慧，博世力士乐不断加快本土研发与快速响应，开发适配 中国需求的本地化产品。 "全球首发的XC20伺服驱动系统，便是从研发、生产到供应链全流程本地化的成果。这一产品不仅延续 了博世力士乐ctrlX AUTOMATION自动化系统的尖端技术基因，更精准契合中国市场对高性价 ...

来源：上海证券报·中国证券网 "呼应报告的重要观察，台达将致力以科技创新协助可持续AI的推进，包括打造智慧微电网以及为边缘计算设计的AI数据中心等。"台达首席品牌官郭珊珊对 上海证券报记者表示。 在本届工博会上，台达以"AI赋新 GI永续"为主题亮相，通过AI数字化工厂、智慧工业场域、智慧微电网、AI数据中心等场景，集中展示创新研发的绿色产 品及解决方案。其中，旋盖数字化产线、液-液数据中心解决方案、固态变压器（SST）智慧电源等展品备受关注。 宋薇萍摄 首次亮相的台达固态变压器（SST）以新一代电力电子核心技术脱颖而出，荣获"CIIF工业自动化奖"，成为展区里的焦点展品。展台工作人员对记者介绍， 该展品通过碳化硅(SiC)高频电能转换替代传统电磁变换，实现10kV中压电网直降800V (可调范围200-1000Vdc)直流输出，电源效率突破性提升能效至 98%+，设备体积缩小50%以上，其高模组化、易部署设计可以轻松扩展和配置，以满足不同的电力需求，使维护、更换升级和针对特定应用的适应变得更 加容易。 上证报中国证券网讯（记者 宋薇萍）正在举行的第二十五届中国国际工业博览会(简称"工博会")上，台达通过呈现 ...

Summary of Xinjie Electric's Conference Call Company Overview - **Company**: Xinjie Electric - **Industry**: Industrial Automation and Robotics Key Points and Arguments - Xinjie Electric has a solid main business and good fundamentals, with relatively low valuation, making it an ideal investment target in the current liquid market [2][3] - The company is actively expanding into industrial control and motor businesses, which are applicable in the humanoid robot field, potentially leading to breakthroughs and substantial entry into core downstream enterprises [2][5] - Focus areas in the robotics sector include frameless torque motors, motors, and controllers, with ongoing R&D on products like frameless torque and hollow cup steering magnetic flux, indicating a vast potential market [2][9] - Starting in 2023, Xinjie Electric has entered the encoder market, with plans for productization in 2024, having already supplied thousands of encoder products to Changchun Rongde [2][13] - The launch of the DL6 series direct-drive servo for semiconductor packaging ensures rapid response and synchronization during high-speed operations, with ongoing new product development and market expansion [2][14] - The company is investing in the R&D of medium and large PLC systems to enhance safety, reliability, and stability, aiming to improve product quality and market competitiveness [2][15][16] Industry Insights - The humanoid robot industry is seeing a focus on companies with competitive advantages in technology and market presence, as well as those with stable fundamentals and low valuations, providing dual protection in investment [4] - The industrial automation sector consists of four layers: control, drive, execution, and sensing, with Xinjie Electric excelling in small PLCs compared to competitors [8] - The domestic industrial control companies are actively developing humanoid robot technologies, with various companies like Huichuan Technology and Leisai focusing on similar product lines [12] Market Position and Challenges - Xinjie Electric's market share in the small PLC sector ranks second among domestic brands, with a strong presence in multiple downstream industries including printing, food machinery, and new energy [6][7] - The Chinese PLC market is experiencing slow growth, with small PLC domestic market share increasing from 2-3% in 2019 to 7-9% in 2024, while large PLCs face challenges in safety and stability [15][16] - Despite current valuation gaps with peers like Leisai and Weichuang, Xinjie Electric's steady progress in new business areas is expected to narrow this gap over time [17][18] Investment Opportunities - Xinjie Electric's ongoing new business developments and solid main operations present good investment opportunities, with expectations of gradually closing the valuation gap with competitors [19]

分红方面，思林杰A股上市后累计派现1.03亿元。近三年，累计派现7315.48万元。 9月25日，思林杰跌3.54%，成交额3660.34万元。两融数据显示，当日思林杰获融资买入额487.51万 元，融资偿还377.35万元，融资净买入110.16万元。截至9月25日，思林杰融资融券余额合计1.28亿元。 机构持仓方面，截止2025年6月30日，思林杰十大流通股东中，前海开源公用事业股票（005669）位居 第五大流通股东，持股140.69万股，相比上期减少108.87万股。前海开源新经济混合A（000689）退出 十大流通股东之列。 融资方面，思林杰当日融资买入487.51万元。当前融资余额1.28亿元，占流通市值的3.38%，融资余额 超过近一年90%分位水平，处于高位。 融券方面，思林杰9月25日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元；融 券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 资料显示，广州思林杰科技股份有限公司位于广东省广州市番禺区石碁镇亚运大道1003号2号楼 101,201,301,401,501，成立日期2005年4月2 ...

Core Viewpoint - The article emphasizes the growing importance of industrial AI in transforming manufacturing processes, highlighting the need for companies to adopt AI solutions to enhance efficiency, reduce costs, and improve decision-making capabilities [4][7][29]. Group 1: Industrial AI Demand - Industrial AI has become a central topic in various industry events, with companies actively seeking AI solutions to address specific operational challenges [3][8]. - The demand for AI solutions is driven by both competitive pressures and a proactive desire for transformation among Chinese enterprises, with a significant portion already integrating AI into their operations [12][15]. - As of September 2023, the penetration rate of AI applications in China's logistics and supply chain sector exceeds 37%, with transportation applications reaching 78% [12][13]. Group 2: AI Solutions and Implementation - The industrial AI landscape is characterized by a dual role of "seekers" (companies looking for AI solutions) and "platform builders" (companies like Siemens providing comprehensive AI solutions) [9][11]. - Siemens has showcased its capabilities in AI-driven solutions, such as reducing programming and debugging cycles by 30% through intelligent assembly equipment [9][25]. - The integration of digital twin technology with AI is highlighted as a key method for validating AI decisions before implementation in physical production lines, thereby minimizing risks [21][26]. Group 3: Future of Work and AI - The article discusses a fundamental shift in the workforce dynamics, where AI will take over repetitive tasks, allowing human workers to focus on complex decision-making [28][30]. - Siemens is positioned as a leader in this transformation, having a long history of AI exploration and a commitment to developing practical AI applications for industrial settings [30][31]. - The ultimate goal of industrial AI is to enhance system efficiency and enable human workers to concentrate on innovation and strategic decisions, fostering sustainable growth in manufacturing [33].