声明：市场有风险，投资需谨慎。本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 责任编辑：小浪快报 登录新浪财经APP 搜索【信披】查看更多考评等级 2026年1月20日，狮头股份（sh600539）触及涨停，涨停价11.54元，涨幅10.01%，总市值26.54亿元，流 通市值26.54亿元，截止发稿，总成交额1.62亿元。 根据喜娜AI异动分析，狮头股份涨停原因可能如下，机器视觉转型+公司治理优化+业绩承诺保障： 1、 公司正处于战略转型关键期，拟收购杭州利珀科技97.44%股权，向机器视觉领域转型。该领域是高增 长赛道，2024 - 2029年复合年增长率达18.62%，且标的拥有106项专利和46项软件著作权，具备较强技 术实力，这一转型前景吸引投资者关注。 2、公司治理 ...

Core Viewpoint - Huairui Technology is a global leader in AI-powered machine vision and autonomous mobile robot (AMR) products and solutions, focusing on building an application ecosystem to facilitate digital transformation across various manufacturing and logistics sectors [4]. Business Overview - The company operates in two main business lines: machine vision and AMR, both within the high-end equipment manufacturing sector [4]. - Huairui Technology provides critical components, products, and comprehensive solutions to key strategic industries such as new energy, semiconductors, automotive, and PCB manufacturing [4]. Machine Vision Business - In the machine vision sector, Huairui Technology offers a full range of core components and products to ecosystem partners, including standard vision products, AI vision products, and 3D vision products, tailored to specific customer needs [5]. - The company has developed a closed-loop machine vision application ecosystem with 883 standard vision product models, 154 AI vision product models, 14 3D vision product models, and three machine vision AI algorithm platforms [5]. AMR Solutions - Huairui Technology's AMR solutions utilize the Robot Nexus AMR software platform, which integrates various systems to automate and digitize internal logistics operations, including material handling between machines, warehouses, workstations, and transfer stations [6]. - The AMR solutions support multiple core strategic industries, providing standardized solutions and core components to ecosystem partners [4][5]. Competitive Landscape - The machine vision and AMR industries are highly competitive, with Huairui Technology facing competition from leading domestic and international companies [8]. - According to Frost & Sullivan, the global industrial camera market is expected to grow at a compound annual growth rate (CAGR) of 11.2% from 2025 to 2029, while the AMR market is projected to grow at a CAGR of 18.3% during the same period [8]. Financial Performance - For the fiscal years ending December 31, 2023, 2024, and the nine months ending September 30, 2025, Huairui Technology reported revenues of approximately RMB 1.05 billion, RMB 902 million, and RMB 824 million, respectively [8]. - The gross profit for the same periods was approximately RMB 353 million, RMB 257 million, and RMB 294 million, with corresponding gross profit margins of 33.6%, 28.5%, and 35.6% [9].

智通财经APP获悉，1月19日，浙江华睿科技股份有限公司(以下简称"华睿科技")向港交所主板递交上市申请书，中金公司为独家保荐人。 招股书显示，华睿科技是一家面向全球的、以AI赋能的机器视觉与自主移动机器人("AMR")产品及解决方案的先行者与领导者。该公司致力于构建并持续拓 展以自身产品及解决方案为核心的应用生态体系，助力各行各业的制造及物流场景实现数智化转型。 华睿科技的业务分为两条业务线：机器视觉及AMR，经营范畴均属高端设备制造领域。深耕高端设备产业链中上游，华睿科技是推动高端设备研发与应用 的关键力量，向新能源、半导体、汽车及PCB等核心战略行业的装备制造商和龙头企业提供关键组件、产品及整体解决方案。 在机器视觉业务领域，华睿科技向生态合作伙伴(主要是终端客户及系统集成商)提供全面的机器视觉核心组件及产品，涵盖以自有AI算法平台为核心的标准 视觉产品、AI视觉产品及3D视觉产品以及针对终端客户特定需求而量身定制的解决方案。在AMR业务中，华睿科技为多个核心战略行业(主要包括锂电、汽 车及电子制造)的客户提供标准化解决方案，同时亦为公司的生态合作伙伴提供各类AMR 产品及核心组件，使他们能为自己的终端 ...

Group 1 - The core viewpoint of the news is that Lionhead Co., Ltd. (600539.SH) is expected to reduce its losses significantly in 2025, with a projected net profit loss narrowing by 23.36% to 38.55% year-on-year [2] - In 2025, the company's operating revenue is expected to remain stable compared to the previous year, but the loss margin is expected to decrease significantly, with a projected net profit loss of between 18.2 million to 22.7 million yuan [2] - The company anticipates a non-recurring net profit loss of between 21.2 million to 25.7 million yuan, representing a year-on-year reduction of 27.96% to 40.57% [2] Group 2 - Lionhead Co., Ltd. is focusing on its e-commerce business while also planning mergers and acquisitions to create a second growth curve [3] - The company aims to stabilize its sales and gross margin through refined operations in its e-commerce sector, while also exploring new market channels such as duty-free and securing exclusive agency rights for several well-known brand products [3] - In 2025, Lionhead Co., Ltd. initiated a merger and acquisition plan to acquire 97.44% of Hangzhou Lipo Technology Co., Ltd. for 662.4 million yuan, which is progressing smoothly [3] Group 3 - After the completion of the merger, Lionhead Co., Ltd. is expected to expand its definition beyond just e-commerce [4] - Lipo Technology, established in 2012, is recognized as a national high-tech enterprise and is one of the few companies in China capable of independent research and development in industrial machine vision algorithms [4] - In 2024, Lipo Technology achieved a net profit of 33.14 million yuan, a year-on-year increase of 37.61%, and in the first nine months of 2025, it secured new orders worth 225 million yuan, surpassing the total new orders for 2024 [4]

香港交易及結算所有限公司、香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容 概不負責，對其準確性或完整性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Zhejiang HuaRay Technology Co., Ltd. 浙江華睿科技股份有限公司 （「本公司」） 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）╱ 證券及期貨事務監察委員會（「證監 會」）的要求而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。您閱覽本文件，即代 表您知悉、接納並向本公司、其獨家保薦人、保薦人兼整體協調人、獨家整體協調人、顧問或 包銷團成員表示同意： 於本公司招股章程根據香港法例第32章《公司（清盤及雜項條文）條例》送呈香港公司註冊處處 長登記前，本公司不會向香港公眾人士提出要約或邀請。倘於適當時候向香港公眾人士提出要 約或邀請，準投資者務請僅依據將呈交香港公司註冊處註冊的本公司招股章程作出投資決定； 有關文本將於發售期內向公眾刊發。 (i) 本文件僅為向香港公眾人士提供有 ...

Core Insights - Chengdu's Innovation Ecological Island has welcomed its first three resident companies in 2026, focusing on robotics, machine vision, and biotechnology, bringing the total number of companies to over 50 [1] - The "14th Five-Year Plan" emphasizes the need for a complete industrial ecosystem and large-scale application demonstrations of new technologies and products, accelerating the development of emerging industries [1] Group 1: Infrastructure and Operations - The Chengdu Innovation Ecological Island covers approximately 1006 acres and is divided into three main areas: innovation transformation service area, emerging industry cultivation area, and ecological vitality gathering area [2] - The island features advanced logistics solutions, such as drone delivery for coffee and an L4 level autonomous boat for passenger transport, showcasing practical applications of low-altitude logistics [2] Group 2: Ecosystem and Collaboration - The island serves as a "testing ground" for technology commercialization, leveraging its unique spatial resources and comprehensive services to facilitate market entry for innovative products [4] - Over the past year, the island has hosted more than 200 innovation activities and opened over 100 technology application scenarios, including 38 operational scenarios like autonomous delivery vehicles and smart building logistics [4] Group 3: Industry Impact and Growth - The surrounding area includes key innovation bases such as the National Supercomputing Center in Chengdu and the Tianfu Laboratory, with over 120 innovation service institutions and 273 pilot platforms available [7] - The island has attracted high-quality companies, with 13% being unicorns and 50% classified as hidden champions or specialized "little giants," indicating a robust industrial ecosystem [7] - The satellite island network is expanding rapidly, with new locations in Chengdu, Eastern New District, Ya'an, and Deyang, having identified 150 convertible results and successfully implementing 35 [7]

Group 1 - Chengdu's Innovation Ecological Island has welcomed its first three resident companies in 2026, focusing on robotics, machine vision, and biotechnology, bringing the total number of companies on the island to over 50 [1] - The island covers approximately 1006 acres and is divided into three areas: innovation transformation service area, emerging industry cultivation area, and ecological vitality gathering area [1] - The island features advanced technologies such as L4 autonomous driving for smart boats and low-altitude logistics using drones for delivery [1][2] Group 2 - The island has hosted over 200 innovation activities in the past year and has opened more than 100 technology application scenarios, including 38 that have been implemented and demonstrated [2] - The surrounding area includes key innovation bases such as the National Supercomputing Center in Chengdu and the Tianfu Laboratory, with over 120 innovation service institutions and 273 pilot test platforms [3] - The island's ecosystem has attracted high-quality companies, with 13% being unicorns and 50% classified as "invisible champions" or specialized "little giants" [3]

Group 1 - Chengdu's Innovation Ecological Island has welcomed its first three resident companies in 2026, focusing on robotics, machine vision, and biotechnology, bringing the total number of companies on the island to over 50 [1] - The island serves as a pilot platform for integrating innovation chains, industrial chains, financial chains, and talent chains in Sichuan Province, promoting large-scale application demonstrations of new technologies and products [1] - The island covers approximately 1006 acres and is divided into innovation transformation service areas, emerging industry cultivation areas, and ecological vitality gathering areas, featuring futuristic architecture [1] Group 2 - The island has hosted over 200 innovation activities in the past year and has opened more than 100 technology application scenarios, with 38 scenarios such as unmanned smart boats and intelligent delivery systems already operational [3] - The island is surrounded by key innovation bases, including the National Supercomputing Center in Chengdu and the Tianfu Laboratory, housing over 120 innovation service institutions and linking 273 pilot test platforms [3] - The unique application scenarios have attracted high-quality enterprises, with 13% of companies in the W7 building being unicorns and 50% being hidden champions or specialized "little giants" [3]

Core Insights - Chengdu's Innovation Ecological Island has welcomed its first three resident companies in 2026, focusing on robotics, machine vision, and biotechnology, bringing the total number of "island owners" to over 50 [1] - The "14th Five-Year Plan" emphasizes the need to enhance industrial ecosystems and implement large-scale applications of new technologies and products, accelerating the development of emerging industries [1] - The island serves as a pioneering platform for integrating innovation, industry, finance, and talent in Sichuan Province, exploring technology transfer paths driven by real-world scenarios [1] Group 1 - The Chengdu Innovation Ecological Island covers approximately 1006 acres and is divided into three functional areas: innovation transformation service area, emerging industry incubation area, and ecological vitality gathering area [3] - The island features advanced technologies such as a drone delivering coffee and an L4-level autonomous boat, showcasing practical applications of low-altitude logistics and smart transportation [3][5] - The island has hosted over 200 innovation activities in the past year and has opened more than 100 technology application scenarios, with 38 scenarios already operational [5][7] Group 2 - The island is surrounded by key innovation bases, including the National Supercomputing Center in Chengdu and the Tianfu Laboratory, housing over 120 innovation service institutions and linking 273 pilot platforms [7] - The unique scenario offerings have attracted high-quality companies, with 13% of unicorn companies and 50% of "invisible champions" and specialized "little giant" enterprises located within the W7 building [7] - The island's influence is expanding, with satellite islands being established in various regions, having identified 150 convertible results and successfully implementing 35 [7]

Core Insights - Chengdu's Sci-Tech Eco-Island has welcomed its first three companies of 2026, focusing on robotics, machine vision, and biotechnology, bringing the total number of enterprises on the island to over 50 [1] - The "14th Five-Year Plan" emphasizes the need for a robust industrial ecosystem and large-scale application demonstrations of new technologies and products, accelerating the development of emerging industries [1] - The island serves as a pioneering platform for integrating innovation, industry, finance, and talent in Sichuan Province, exploring technology transfer driven by real-world scenarios [1] Group 1 - Chengdu Sci-Tech Eco-Island covers approximately 1,006 acres and is divided into innovation transformation service areas, emerging industry incubation areas, and ecological vitality gathering areas [3] - The island features advanced logistics solutions, such as drone delivery for coffee and an L4 level autonomous boat for passenger transport, showcasing practical applications of low-altitude logistics [3][4] - The island has hosted over 200 sci-tech events in the past year and has opened more than 100 technology application scenarios, with 38 scenarios already operational [4] Group 2 - The island is home to over 120 sci-tech service organizations and connects with 273 pilot platforms, sharing more than 15,000 sets of research instruments and equipment [7] - The unique scenario offerings have attracted high-quality companies, with 13% of firms in the W7 building being unicorns and 50% being "hidden champions" or specialized "little giants" [7] - The island's influence is expanding, with satellite islands being established in various regions, having identified 150 convertible results and successfully implementing 35 of them [7]