Group 1 - Green Harmony (688017.SH) released its semi-annual report for 2025 on August 16, 2025, showing that as of August 15, 2025, 29 institutional investors disclosed holding A-shares, totaling 23.77 million shares, which accounts for 12.98% of the total share capital [1] - The top ten institutional investors include Advanced Manufacturing Industry Investment Fund (Limited Partnership), Hong Kong Central Clearing Limited, and several others, with a combined holding ratio of 12.57%, indicating a decrease of 1.19 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, eight funds increased their holdings compared to the previous period, with a holding increase ratio of 0.59%, including notable funds like E Fund National Robot Industry ETF and Huaxia CSI Robot ETF [2] - Conversely, seven public funds reduced their holdings, with a decrease ratio of 0.50%, including funds such as Penghua Carbon Neutral Theme Mixed A and China Merchants Enterprise Preferred Mixed A [2] - Additionally, ten new public funds were disclosed during this period, while 38 funds that were previously disclosed did not report again [2]

Core Points - The Supervisory Board of Hangzhou Kaierda Welding Robot Co., Ltd. has reviewed and approved the list of incentive objects for the first vesting period of the 2024 Restricted Stock Incentive Plan [1][2] - A total of 26 individuals have been identified as eligible incentive objects, meeting the qualifications set forth by relevant laws and regulations [1] Summary by Sections - **Incentive Plan Overview** - The 2024 Restricted Stock Incentive Plan is in compliance with the Company Law, Securities Law, and other relevant regulations [1] - The plan aims to motivate and retain key personnel through stock incentives [1] - **Eligibility of Incentive Objects** - The 26 identified incentive objects fulfill the criteria established by the Company Law, Securities Law, and the company's own articles of association [1] - The eligibility of these individuals as incentive objects is deemed legal and valid [1] - **Approval Process** - The Supervisory Board has formally agreed to the list of incentive objects for the first vesting period of the incentive plan [2]

Financial Performance - The company reported a basic earnings per share of -0.9300 yuan for 2024, a significant decrease of 681.25% compared to 0.1600 yuan in 2023 [1] - The net profit for 2024 was -8.1 billion yuan, a drastic decline of 700% from 1.35 billion yuan in 2023 [1] - The return on equity (ROE) plummeted to -36.19% in 2024, down from 5.11% in 2023, marking an 808.22% decrease [1] - Total revenue for 2024 was 40.09 billion yuan, down 13.82% from 46.52 billion yuan in 2023 [1] Shareholder Information - The top ten unrestricted shareholders collectively hold 34,626.15 million shares, accounting for 44.1% of the circulating shares, which is a decrease of 1,890.31 million shares from the previous period [2] - Nanjing Pailaisite Technology Co., Ltd. remains the largest shareholder with 25,489.47 million shares, unchanged from the previous report [3] - Hong Kong Central Clearing Limited saw a reduction of 1,210.69 million shares, now holding 3,556.86 million shares [3] Dividend Policy - The company has announced no distribution or capital increase for the current period [4]

Core Viewpoint - Jiangsu Harbin Intelligent Robot Co., Ltd. faces the risk of being delisted due to financial issues, including an audit report with a disclaimer of opinion for the fiscal year 2023, which has triggered a warning for delisting [2][3][12]. Financial Risks - The company received a disclaimer of opinion from its auditor, Asia Pacific (Group) CPA, for its 2023 financial statements, indicating potential delisting risks under the Shenzhen Stock Exchange listing rules [3][12]. - The company’s internal control report for 2023 also received a negative opinion, further complicating its financial standing [11][12]. - Specific conditions that could lead to delisting include negative net profit, negative net assets, or a lack of proper financial reporting [3][4][5]. Revenue Recognition Issues - For the fiscal year 2023, the company reported revenue of 2.153398 billion yuan and cost of 1.9245238 billion yuan, but the auditor could not confirm the accuracy of these figures due to issues with revenue recognition [7][20]. - The company is currently reviewing its sales contracts to ensure proper revenue recognition and has engaged with its auditors to address these issues [9][20]. Investment and Asset Management - The company has significant equity investments in four entities, which are under scrutiny due to the auditor's inability to determine the necessity for adjustments in their accounting [6][8]. - As of March 31, 2025, the company has not fully recovered transfer payments amounting to 136.7242 million yuan, which includes both cash and commercial acceptance bills [22]. Audit and Reporting Progress - The company is in the process of preparing its 2024 annual report, with the audit work ongoing and expected to be completed by April 28, 2025 [14][19]. - The company has communicated with its new auditor, Unitas Zhenqing CPA, regarding the audit progress and key issues, but the impact of previous non-standard audit opinions remains uncertain [23].