Core Viewpoint - SKG, a popular massage device brand endorsed by celebrity Wang Yibo, is attempting to go public on the Hong Kong Stock Exchange after previous unsuccessful attempts. The company faces scrutiny over its heavy marketing expenditures, low R&D investment, and significant cash dividends paid to its controlling shareholders before the IPO [1][31]. Group 1: Company Background and Market Position - Founded in 2007 by Liu Jie, SKG initially targeted the white goods market before pivoting to wearable massage devices in 2016, achieving significant online popularity with its neck massager [3][32]. - SKG's product range includes smart wearable relaxation devices, sports recovery products, smart health watches, and health home products [4][32]. - By 2024, SKG is projected to hold a 21.5% market share in China's smart wearable relaxation device sector, leading the industry [7][36]. Group 2: Financial Performance - SKG's revenue has shown growth, with figures of 904.2 million, 1.045 billion, and 1.045 billion RMB for 2022, 2023, and 2024 respectively, and 878.2 million RMB for the first three quarters of 2025. Net profits for the same periods were 119.3 million, 126.5 million, 135.5 million, and 106.4 million RMB [8][36]. - The company's gross margin stands at approximately 50%, which is higher than that of typical home appliance manufacturers [6][34]. Group 3: Marketing and R&D Expenditures - Since 2020, SKG has invested heavily in marketing, spending around 800 million RMB over three and a half years, while R&D expenditures have been significantly lower, totaling less than 80 million RMB [41][45]. - Marketing expenses have increased, constituting 18.2%, 20.6%, 21.6%, and 22.6% of total revenue from 2022 to the first three quarters of 2025, while R&D spending has decreased as a percentage of revenue [16][45]. Group 4: Dividend Practices and Financial Concerns - SKG has distributed a total of 280 million RMB in dividends from 2022 to September 2025, representing 74% of its net profits during that period. In 2023 alone, the company paid out 199.4 million RMB in dividends, exceeding its distributable profits [24][52]. - The controlling shareholders, Liu Jie and Xu Siying, received approximately 235 million RMB from these dividends, raising concerns about the company's financial health as it also increased its bank loans from 94 million to 204 million RMB during the same period [28][56].

【#北京试点机器人炒菜一键到家#】#老人点赞机器人炒菜有锅气# 12月23日，北京市西城区养老助餐 服务协会成立大会暨"红墙相伴 最美夕阳"养老助餐产业生态对接会在白纸坊街道综合文化中心举行。 现场最受关注的当属居家智能服务体验区。一台炒菜机器人前围满了前来围观、品尝的居民。随着指令 下达，仅用时三分钟，一道热气腾腾的芦笋炒虾仁出锅，色香味俱全。现场试吃的老人连连称赞："吃 不出来是机器人做的，咸淡正好，还很有锅气。"记者了解到，智慧助餐模式目前已在广外街道试点应 用，老人可以通过智能音箱"一键叫餐"点餐，系统自动接单同步餐厅信息，炒菜机器人按标准程序自动 完成烹饪，成品统一打包后，由配送人员送餐上门，让老年人足不出户就能吃到营养餐。（@北京日报 实习记者 刘玉洁） ...

责编：张靖雯、侯兴川 2006年来到义乌，夏志文从电子钟、小礼品起步，抓住智能设备兴起与行业转型的时代机遇，不断调整 产品方向，逐渐切入音频类赛道。近20年打拼，他见证义乌市场从1.0升级到6.0；从传统线下到智能音 响，他对打造自有品牌、进军海外充满信心。 0:00 ...

据企查查显示，12月17日，深圳市中氢航能科技有限公司成立，法定代表人刘建，注册资本5000万元。 该公司一般经营项目是：智能无人飞行器制造；智能无人飞行器销售；电池制造；电池销售；新兴能源 技术研发；站用加氢及储氢设施销售；新材料技术研发；新材料技术推广服务；技术服务、技术开发、 技术咨询、技术交流、技术转让、技术推广；电子专用材料研发；化工产品销售（不含许可类化工产 品）；新能源原动设备制造；航空运输设备销售；软件开发；人工智能理论与算法软件开发；人工智能 硬件销售；特种设备销售。 责任编辑：于彤彤 ...

【大调研我们在行动】 科创这盘棋，湖北真真下活了！ 光明日报调研组 初冬的荆楚大地，碧空如洗，天是那样高远，遍地的湖泊宁静、清澈、映着天光；刚刚收割完庄稼的原 野上，旋耕机翻起湿漉漉的泥土，孕育着明天丰收的希冀。 就在这个季节，本报调研组走进这个"千湖之省"，访科研院所，探中试车间，踏田间地头，一个突出感 受是：这里正蕴蓄着强劲的发展动能！ ●抢市场，追求时不我待的"湖北速度" ●谋长远，保持潜心深耕的"湖北定力" 而动能，来自这个中部省份蓬蓬勃勃的科技创新——无论科技成果转化，还是基础科学研究，均迸发出 前所未有的活力。 记者一路采访，一路惊喜。"两翼"齐振，科创这盘棋，湖北真真是下活了！ 高科技企业聚集的"中国光谷"（武汉东湖高 新区）。张璨龙摄/光明图片 抢市场，追求时不我待的"湖北速度" 植入脑机芯片的瘫痪患者，能抓握水瓶自己喝水；传统方式100年才能破解的密码，量子计算机仅需短 短1秒；一排身形各异的机器人，竞相展示敲鼓、跳舞、踢球等"绝活"…… 这些让人恍若进入未来时空的"首款首台首套"产品，均出自湖北"尖刀"技术攻关工程。 "幸好有'尖刀'！我们的研发周期比预期缩短了一年多，在国际市场占稳了先机 ...

新华社迪拜12月18日电 综述｜中国"智造"亮相中东展会备受关注 新华社记者夏晓 第十九届阿联酋中国出口品牌联展17日至19日在迪拜世贸中心举行。展会上，中国制造展现出从"性价 比优势"向"技术与解决方案输出"转变的显著趋势，智能化、创新型产品成为关注焦点。 作为2010年创办以来规模最大的一届，本届联展启用迪拜世贸中心14个展馆，展览面积达8万平方米。 展会设置七大专业展区，围绕中东市场采购需求进行细分布局，为中国企业对接区域市场、推动中国制 造出海搭建专业平台。近2000家中国企业、5000余名外贸从业者齐聚在此，集中展示家用电器、工业装 备、建材装饰、家居礼品等领域的中国制造新成果。 在浙江杭州智能眼镜科技公司Rokid乐奇展位前，不少国际专业买家驻足体验。该公司展示了多款集实 时翻译、人工智能（AI）指令、拍摄、导航、支付等功能于一体的智能眼镜，通过波导镜片实现信息 可视化呈现。 印度采购商萨利姆·马莱因夫体验后说，该产品的实时翻译功能和价格具有较强吸引力，"这是非常先进 的技术，我们愿意考虑采购相关产品"。 中国完备的供应链同样得到国际买家认可。迪拜建筑模型制造商"泰坦模型"首席执行官克莱夫·科蒂尼 ...

证券时报记者吴瞬王蕊 近日，香港证监会和香港交易所罕见联名致函IPO保荐人，称旨在表达监管层对近期递交的新上市申请 中所观察到的质量下滑，以及某些不合规行为的监管关切。信函称部分IPO保荐人所提供的上市文件品 质差劣，审查不足，如涉及业务模式的描述不够清晰、过度使用宣传用语；选择性呈现行业数据以夸大 上市申请人的市场地位等。 这一函件引发市场对港股后续IPO质量乃至持续性问题的担忧。对此，有资本市场人士告诉证券时报记 者，本次监管发函，其针对的主要是中介机构是否尽职尽责以及撰写上市文件的质量问题，而非港股 IPO公司本身的质地问题。 事实上，证券时报记者梳理相关招股书发现，目前港股招股书中"浮夸风""选择性呈现行业地位"等问题 频现。同时，大量IPO集中上市也令中介机构超负荷运转，容易"忙中出错"。而不少中小投行入局，也 加剧了IPO上市文件的质量问题。 招股书频现"浮夸风" 在目前已递表的不少港股招股书中，不难发现，确实存在一些"过度包装"的问题，一些原本极为简洁的 业务模式、业务流程，往往被冠以各类"高大上"的名词，相关内容晦涩难懂。 以某社交平台的招股书为例，该公司在描述其业务收入时，将其最核心的收入描 ...

Core Viewpoint - Greebo's smart lawn mower robot features fully independent intellectual property and integrates high-precision RTK positioning navigation and machine vision technology, enabling centimeter-level autonomous path planning, intelligent obstacle avoidance, and efficient mowing [1] Group 1: Product Features - The smart lawn mower robot operates quietly, has automatic recharging, rain sensing, and APP intelligent control capabilities [1] - The product relies on the company's mature new energy battery platform, ensuring long-lasting endurance and environmentally friendly characteristics [1] Group 2: Market Performance - The smart lawn mower robot has successfully entered overseas markets [1] - As of the first half of 2025, the sales revenue of the smart lawn mower robot increased by 68.92% compared to the same period last year, although the market layout and product sales are still steadily progressing due to a low base in previous periods [1] - The sales situation for the year 2025 will be disclosed in accordance with regulatory obligations [1]

证券日报网讯12月18日，兰剑智能在互动平台回答投资者提问时表示，公司业务布局涵盖烟草、半导 体、电商、航空航天等二十多个行业，2023年至2024年公司持续在航空航天行业与优质客户中航光电 （002179）科技股份有限公司进行深度合作；相关信息请参考披露的公开资料。 ...

Group 1 - The core viewpoint of the article is that Future Wearable Health Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities International as the sole sponsor [1] - According to Frost & Sullivan, the company ranks first in China's smart soothing wearable device industry by GMV, projected to capture a market share of 21.5% in 2024 [1] - The company has developed a diversified product matrix that includes smart soothing wearable devices, post-exercise recovery and shaping equipment, smart health watches, and health home products, aiming to enhance customers' daily health and quality of life [1] - Several of the company's products are industry pioneers, utilizing innovative applications of medium-frequency pulse and transcutaneous electrical nerve stimulation (TENS), which are widely used in the medical field [1]