Group 1 - The event "Scientists Meet Investors" showcased innovative technologies from three technology companies in materials science, plasma medicine, and AI healthcare, demonstrating the integration of academic research and market needs [1][2][3] - Xi'an Qinguang Zhichai Technology Co., Ltd. presented a "long-life heavy anti-corrosion technology integrated solution," which enhances metal protection in extreme environments and has a lifespan increase of 5-10 times, with applications in marine engineering and chemical facilities [1][2] - West Xi'an Cold Plasma Technology Co., Ltd. focuses on low-temperature plasma technology for medical applications, achieving rapid sterilization and targeting difficult skin conditions, with plans to expand into human health products and AI diagnostic systems [2][3] Group 2 - Shandong Shuying Intelligent Medical Technology Co., Ltd. introduced an "AI-enabled minimally invasive imaging solution," which improves surgical precision and efficiency through real-time analysis of surgical images, with ongoing clinical trials in multiple hospitals [2][3] - The event highlighted the potential for collaboration between scientists and investors to drive innovation in the "hard technology" industry, emphasizing the importance of transforming academic achievements into practical applications [3]

Financial Data and Key Metrics Changes - Honeywell raised its 2025 EPS guidance for the third time this year, with earnings per share in Q3 reported at $2.86, up 32% year over year, and adjusted EPS at $2.82, up 9% year over year [5][17] - Organic sales growth accelerated to 6% year over year, with orders growing 22% organically to $11.9 billion [16][17] - Free cash flow for Q3 was $1.5 billion, down 16% from the prior year due to capital expenditures timing and higher working capital [18] Business Line Data and Key Metrics Changes - Aerospace Technologies grew 12% organically, driven by strength in commercial aftermarket and defense [18] - Industrial Automation sales increased 1% organically, while segment margin declined to 18.8% due to inflationary pressures [19][20] - Building Automation achieved 7% organic sales growth, with margin expanding 80 basis points year over year [20] - Energy and Sustainability Solutions saw a 2% organic decline, with segment margin flat at 24.5% [21] Market Data and Key Metrics Changes - North America and the Middle East led regional growth, while Europe experienced organic growth for the fourth consecutive quarter [20] - Orders in Aerospace showed strong double-digit growth across all end markets, with a book-to-bill ratio of 1.2 [18] Company Strategy and Development Direction - Honeywell is planning to realign its automation business structure in 2026, focusing on four segments: Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation [10][12] - The company is simplifying its portfolio and reducing legacy liabilities, including divesting Bendix asbestos liability and terminating an indemnification agreement for $1.6 billion [9][10] - Honeywell aims to leverage its R&D investments to drive growth through innovative products and solutions [16][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic uncertainties and highlighted strong order growth as a positive indicator for future performance [16][35] - The company anticipates a return to margin expansion in 2026, driven by improved pricing strategies and operational efficiencies [36][78] Other Important Information - The spin-off of Solstice Advanced Materials is expected to reduce 2025 sales by $700 million and adjusted EPS by approximately $0.21 [22][24] - Honeywell's recent capital raise for its quantum computing venture, Continuum, is expected to support its growth potential [14][36] Q&A Session Summary Question: What is the expected margin decline for Energy and Sustainability Solutions (ESS) in Q4? - Management indicated that the decline is primarily due to mix issues and expects ESS margins to normalize in 2026 [40][42] Question: What are the growth prospects for the Industrial Automation segment? - Management noted that while there are timing variabilities, they are optimistic about margin expansion and backlog improvements in Industrial Automation [48][49] Question: How is the Aerospace division managing destocking? - Management believes that destocking is largely behind them and expects sequential improvements in margins going into 2026 [50][51] Question: What is the pricing strategy across the organization? - Management emphasized a focus on preserving margins while maintaining volume, with expectations for improved pricing in 2026 [75][78] Question: What are the growth opportunities in the sensor business? - Management highlighted strong growth potential in the sensor business across aerospace, medical devices, and industrial sectors [102]

美国麻省理工学院李巨团队在国际顶尖学术期刊Nature上发表了一篇研究论文，展示了一种多模态机器人平台CRESt（Copilot for Real-world Experimental Scientists），通过将多模态模型（融合文本知识、化学成分以及微观结构信息）驱动的材料设计与高通量自动化实验相结合，大 幅提升催化剂的研发速度和质量。 实验材料科学的核心挑战之一是如何在庞大的化学设计空间中进行高效优化。 传统的发现方法往往依赖于单模态的主动学习框架，即利用单一类型的数据，例如元素组成与性能的对映关系。 美国麻省理工学院李巨团队发布的CRESt平台致力于通过自动化实验的方式，采集不同形式的数据，并将其纳入同一主动学习框架，即知识辅助的贝叶斯 优化（KABO）。 除此之外，另一算法上的创新是提出策略改进约束的贝叶斯优化（BOPIC），其引入拉格朗日乘子动态调整探索 (exploration) 与利用 (exploitation) 的平 衡，从而避免手动调参。 CRESt在短短三个月内完成了900多种催化剂化学组成和3500多次电化学测试，并在三元和八元体系中都发现比传统最优的纯钯基有大幅性能提升的化学 配方 ...

Core Insights - The research team at Anhui Normal University has successfully created sub-nanometer high-entropy alloys using laser irradiation, which allows for the mixing of up to ten different metal elements [1][2] - This innovative method overcomes traditional synthesis limitations by enabling uniform mixing of metals at mild conditions, resulting in smaller particle sizes [2] Group 1: Research Methodology - The team utilized nanosecond pulsed laser technology to rapidly heat particles to over 2000 degrees Celsius and then cool them at a rate exceeding one billion degrees per second, facilitating the creation of sub-nanometer high-entropy alloy particles [2] - This rapid heating and cooling process allows for the uniform dispersion and alloying of different metal elements, which was previously challenging due to the need for high temperatures and limited element combinations in traditional methods [2] Group 2: Applications and Implications - High-entropy alloys exhibit significant potential in various fields, particularly in renewable energy, serving as promising catalyst materials [2] - The newly developed laser synthesis method broadens the range of materials available for high-entropy alloys, potentially enhancing their application in critical areas [2] - The sub-nanometer high-entropy alloy composed of gold, platinum, ruthenium, rhodium, and iridium has demonstrated excellent hydrogen and oxygen production activity and stability as an electrolytic water catalyst [2]

Core Viewpoint - The article highlights China's rapid advancements in technology and manufacturing, showcasing how once fictional concepts from science fiction are becoming reality, particularly in robotics and automation [2][4][10]. Group 1: Technological Advancements - China is increasingly recognized for its technological innovations, with examples such as humanoid robots and exoskeletons becoming practical applications in various sectors [2][4]. - The country is leading in fields like electric vehicles, batteries, photovoltaic panels, wind turbines, drones, and advanced robotics [4][10]. - Chinese researchers have developed "super-material" clothing that can bend microwaves and visible light, showcasing significant progress in material science [5]. Group 2: Manufacturing Automation - The concept of "dark factories," where robots operate independently without human presence, is becoming common in China, demonstrating high levels of automation [4][6]. - By 2024, it is projected that approximately 2 million industrial robots will be operational in Chinese factories, indicating a strong trend towards automation [6]. - The integration of artificial intelligence in manufacturing is enhancing production efficiency and competitiveness in the global market [6]. Group 3: Talent and Workforce - China has a significant pool of engineering talent, with the number of engineers growing from about 5.2 million in 2000 to approximately 17.7 million in 2020 [7]. - The country produces over 3.5 million graduates in science, technology, engineering, and mathematics (STEM) annually, leading the world in this area [7]. Group 4: International Perception and Tourism - There is a growing interest among international tourists in China's technological landscape, with many eager to experience its modern advancements firsthand [9]. - Social media is filled with posts from foreign visitors highlighting China's futuristic elements, such as mobile payments and autonomous delivery services [8][9]. - China's global soft power ranking has improved significantly, reflecting its increasing influence and appeal as a hub of innovation [10].

Group 1: Company Overview - Yunji Technology officially listed on the Hong Kong Stock Exchange on October 16, 2025, with the stock code "2670," becoming the first stock in the "robot service intelligent body" sector [2] - Founded in 2014, Yunji Technology holds a leading position in China's robot service intelligent body market, with a market share of 6.3% in 2024 [2] - The company has established partnerships with over 34,000 hotels globally, including major hotel groups such as Huazhu and InterContinental [2] Group 2: Financial Performance - Yunji Technology's revenue from 2022 to 2024 was 161 million, 145 million, and 245 million yuan, respectively, with a compound annual growth rate (CAGR) of 23.2% [3] - The company's gross profit increased from 39 million yuan in 2022 to 106 million yuan in 2024, reflecting a CAGR of 64.6% [3] - In the first five months of 2025, Yunji Technology's revenue grew by 18.9% year-on-year to 88 million yuan, with gross profit increasing by 10.2% to 35 million yuan [3] Group 3: Business Segments - Yunji Technology operates two main business lines: hardware and AI digital systems, with the latter experiencing a CAGR of 45.5% from 2022 to 2024 [4] - The AI digital system business saw a revenue increase of 194% in the first five months of 2025 compared to the same period in 2024 [4] Group 4: Market Position and Future Outlook - Yunji Technology is expanding into high-value sectors such as healthcare and factories, with over 150 hospitals served by May 2025 [3] - The company aims to strengthen governance and focus on technological innovation and global market expansion following its IPO [6] Group 5: Other Companies - Daoshengtianhe Materials Technology officially listed on the Shanghai Stock Exchange on October 17, 2025, focusing on new materials for various industries [5] - Pony AI Inc. is preparing for a dual listing in the U.S. and Hong Kong, having already attracted significant institutional investment since its U.S. IPO [9][10] - Jushuitan Group plans to list on the Hong Kong Stock Exchange on October 21, 2025, and has established itself as the largest e-commerce SaaS ERP provider in China with a market share of 24.4% [12]

保荐人（主承销商）：中信建投证券股份有限公司 2025年10月13日 道生天合材料科技（上海）股份有限公司（以下简称"道生天合"、"发行人"或"公司"）首次公开发行股 票并在主板上市的申请已经上海证券交易所（以下简称"上交所"）上市审核委员会审议通过，并已经中 国证券监督管理委员会（以下简称"中国证监会"）证监许可〔2025〕1713号文同意注册。《道生天合材 料科技（上海）股份有限公司首次公开发行股票并在主板上市招股说明书》在上海证券交易所网站 （www.sse.com.cn）和符合中国证监会规定条件网站（巨潮资讯网，网址www.cninfo.com.cn；中证网， 网址www.cs.com.cn；中国证券网，网址www.cnstock.com；证券时报网，网址www.stcn.com；证券日报 网，网址www.zqrb.cn；经济参考网，网址www.jjckb.cn；中国金融新闻网，网址 www.financialnews.com.cn；中国日报网，网址www.chinadaily.com.cn）披露，并置备于发行人、上交 所、本次发行保荐人（主承销商）中信建投证券股份有限公司的住所，供公众查阅。 ■ 发 ...

晶体几乎无处不在，从电视屏幕、烟雾报警器到超声波设备和声呐系统，它们独特的光学和电学特性支 撑着现代科技的发展。但在传统的生长方法中，晶体往往在随机时间和位置生成，难以保证质量与一致 性，这一不确定性长期制约着高性能器件的制造。 为解决这一难题，团队借助超快激光技术，首次实现了在纳米尺度上"绘制"晶体。他们选择在实验中生 成卤化铅钙钛矿晶体，这是一类在LED、太阳能电池及医学成像中具有重要应用的材料。 美国密歇根州立大学团队发现了一种"绘制"晶体的新方法。这种全新的激光绘晶技术，可在指定时间和 位置"按需"生成晶体，为太阳能电池、LED照明及医学成像等领域提供更精准的材料制造手段。这一突 破性成果发表于最新一期《ACS Nano》杂志。 激光绘晶方法类似于用激光在金属或木材上雕刻图案，不仅能提升晶体制造的可控性，也为能源、电子 和量子技术等领域提供了新的研究手段。同时，也帮助化学家进一步理解晶体形成这一长期难解的过 程。 通过这种方法，团队可以让晶体在精确的时间和位置生长。他们能坐在显微镜前亲眼观看晶体诞生的第 一瞬间，并能控制它的成长方向。接下来，他们计划进一步使用多种颜色的激光"绘制"更加复杂的晶体 图案 ...

美国密歇根州立大学团队开发了一种"绘制"晶体的新方法。这种全新的激光绘晶技术，可在指定时间和 位置"按需"生成晶体，为太阳能电池、LED照明及医学成像等领域提供更精准的材料制造手段。这一突 破性成果发表于最新一期美国化学会《ACS纳米》杂志。 与以往复杂的晶体生长步骤不同，团队没有使用种子晶体作为晶体生长模板，而是将激光瞄准一个微小 而闪亮的目标，即直径不到人类头发千分之一的金纳米颗粒。当单束激光脉冲照射金纳米颗粒表面时， 会产生瞬时加热，这种相互作用诱导了晶体的生长。利用高速显微技术，他们甚至能够实时观察这一过 程的发生。 激光绘晶方法类似于用激光在金属或木材上雕刻图案，不仅能提升晶体制造的可控性，也为能源、电子 和量子技术等领域提供了新的研究手段。同时，也帮助化学家进一步理解晶体形成这一长期难解的过 程。 晶体几乎无处不在，从电视屏幕、烟雾报警器到超声波设备和声呐系统，它们独特的光学和电学特性支 撑着现代科技的发展。但在传统的生长方法中，晶体往往在随机时间和位置生成，难以保证质量与一致 性，这一不确定性长期制约着高性能器件的制造。 通过这种方法，团队可以让晶体在精确的时间和位置生长。他们能坐在显微镜前亲眼 ...

（文章来源：科技日报） 韩国蔚山科学技术院（UNIST）研究团队成功研制出一种能在"柔软灵活"与"坚硬有力"状态间切换的新 型人造肌肉。实验表明，其仅重1.25克却性能卓越：刚性时可承载5千克重物（约为自身重量的4000 倍），柔性时伸展率达原始长度12倍。相关成果近日发表于《先进功能材料》杂志。 ...