Core Viewpoint - The company has completed the fundraising project related to its initial public offering (IPO) and plans to allocate surplus funds to other projects and permanently supplement working capital [1][6]. Fundraising Overview - The company raised a total of RMB 3,236,625,000 by issuing 112,500,000 shares at RMB 28.77 per share on December 28, 2022, with net proceeds amounting to RMB 3,121,365,252.83 after deducting fees [1][2]. - All raised funds have been deposited into a special account approved by the board of directors, and a tripartite supervision agreement has been signed [2]. Project Details - The fundraising projects include the "Chongqing Smart Manufacturing Base Project," "Next-Generation IoT Cloud Platform Project," "Core Key Technology R&D Project for Smart Home," and "Smart Home Product Industrialization Base Project" [6][9]. - As of July 25, 2025, the total investment for these projects is estimated at RMB 441,350.90 million, with a cumulative investment of RMB 312,136.53 million [3][5]. Surplus Fund Allocation - The surplus funds from the "Chongqing Smart Manufacturing Base Project" are estimated at RMB 15,593.39 million, which will be partially allocated to the "Smart Home Product Industrialization Base Project" and the remainder will be used to supplement working capital [6][8]. - The company plans to transfer RMB 4,153.97 million to cover payment gaps for the Smart Home Product Industrialization Base Project [6]. Project Completion and Fund Management - The completion of the aforementioned projects meets the conditions for project closure, and the company will proceed with the closure of relevant fundraising accounts while retaining accounts for ongoing projects [7][9]. - The company emphasizes prudent management of surplus funds to enhance operational efficiency and ensure compliance with regulatory requirements [8][10]. Approval Process - The board of directors and the supervisory board have approved the allocation of surplus funds without the need for a shareholder meeting, ensuring compliance with relevant regulations [9][10].

Market Performance - The CSI Consumer Electronics Index decreased by 0.5%, the CSI IoT Index fell by 0.7%, the National Robot Industry Index dropped by 2.3%, and the CSI Smart Electric Vehicle Index declined by 4.5% this week [1] - The E Fund Robot ETF (159530) saw a net inflow of 130 million yuan this week, ranking first among all robot ETFs in the market [1] Market Forecast - IDC predicts that the global robot market will exceed 400 billion USD by 2029, with China accounting for nearly half of this market [1] - In 2024, the global shipment of commercial service robots is expected to surpass 100,000 units, with Chinese manufacturers holding an 84.7% market share [1] - IDC highlights that embodied intelligent robots are a significant direction for the development of robot intelligence, catering to diverse and complex application scenarios [1] Index Valuation - The rolling price-to-sales ratios for the indices are as follows: National Robot Industry Index at 4.7x, CSI Smart Electric Vehicle Index at 26.0x, CSI Consumer Electronics Index at 47.1x, and CSI IoT Index at 27.2x [2] - The valuation percentiles indicate that the National Robot Industry Index is at the 98.5th percentile, the CSI Smart Electric Vehicle Index at the 64.3rd percentile, the CSI Consumer Electronics Index at the 83.9th percentile, and the CSI IoT Index at the 21.5th percentile [2] Sector Insights - The National Robot Industry Index consists of humanoid, industrial, and service robots, with humanoid robots making up 53%, service robots 17%, and industrial robots 30% [4] - The CSI Smart Electric Vehicle Index focuses on smart electric vehicles, which are expected to be a representative direction for embodied intelligence, covering various segments of the industry chain [5] - The CSI Consumer Electronics Index emphasizes AI hardware, which is currently the main category of smart terminal products, including companies involved in component production and complete product design [6] - The CSI IoT Index focuses on the Internet of Things, which is essential for achieving connectivity among smart terminals, comprising companies involved in information collection, transmission, and IoT applications [7]

格隆汇8月1日丨萤石网络(688475.SH)公布，公司首次公开发行股票募集资金投资项目（以下简称"募投 项目"）"萤石智能制造重庆基地项目"、"新一代物联网云平台项目"、"智能家居核心关键技术研发项 目"和"萤石智能家居产品产业化基地项目"已完成投入或达到预定可使用状态，满足结项条件，公司决 定将上述募投项目全部结项。 "萤石智能制造重庆基地项目"结项后，预计节余募集资金15,593.39万元（不包含未来现金管理收益及利 息净额，实际金额以资金转出当日专户余额为准）。为满足公司业务发展需要，提高募集资金使用效 率，结合公司实际经营情况，公司拟将该项目节余的募集资金部分转入"萤石智能家居产品产业化基地 项目"，用于补足该募投项目已签订合同但未达到支付条件的项目建设尾款及未到期质保金等款项的支 付缺口，部分永久补充流动资金。 ...

Group 1 - Xiamen Jinlianjia Technology Co., Ltd. has been established recently, with Chen Shaohua as the legal representative [1] - The company's business scope includes IoT application services, investment activities with self-owned funds, marketing planning, and sales of building materials and decorative materials [1] - Jinlianjia Technology is wholly owned by Golden Home (603180) through indirect shareholding [1]

二〇二五年八月 成都秦川物联网科技股份有限公 司 2025 年第一次临时股东大会 成都秦川物联网科技股份有限公司 2025 年第一次临时股东大会会议资料 证券代码：688528 证券简称：秦川物联 成都秦川物联网科技股份有限公司 会议资料 成都秦川物联网科技股份有限公司 目 录 附件八： 成都秦川物联网科技股份有限公司 2025 年第一次临时股东大会会议资料 成都秦川物联网科技股份有限公司 根据《中华人民共和国公司法》 《中华人民共和国证券法》 《上市公司股东会 规则》 《成都秦川物联网科技股份有限公司章程》 《成都秦川物联网科技股份有限 公司股东大会议事规则》等有关规定，特制定成都秦川物联网科技股份有限公司 （以下简称"公司"）2025 年第一次临时股东大会会议须知： 一、股东大会期间，全体出席人员应以维护股东的合法权益、确保大会的正 常秩序和议事效率为原则，自觉履行法定义务。 二、股东及股东代理人参加股东大会依法享有发言权、质询权、表决权等权 利。 三、要求发言的股东及股东代理人，应当按照会议的议程，举手示意并经会 议主持人许可方可发言。股东及股东代理人发言或提问应围绕本次股东会议的议 题进行，简明扼要， ...

Core Insights - The emergence of edge AI in AIoT applications compresses the traditional "perception-communication-decision-execution" loop into a single terminal device, granting "on-site decision-making power" for the first time in the industry [1][2] - Edge AI represents not just a technological upgrade but a complete restructuring of industrial logic and value chain distribution, transforming AIoT from a linear process to a closed-loop system [1][2][15] Restructuring of Device Forms - The role of devices is shifting from "sensing + communication" to "autonomous decision-making," allowing for a new category of intelligent devices [2][3] - The processing capabilities of edge AI enable devices to evolve from "passive observers" to "active decision-makers," fundamentally changing their function and significance [4][5] Restructuring of Business Models - The business model is transitioning from "selling hardware + cloud platform" to a "scene-defined hardware under smart service subscription" model, emphasizing ongoing revenue streams rather than one-time sales [2][6][8] - Edge AI allows for the monetization of algorithms at the terminal level, shifting the profit focus from hardware premiums to the value of intelligent services [6][11] Restructuring of Industrial Division of Labor - The AIoT industry is moving from a linear value chain to a "cloud-edge collaboration, soft-hard integration" networked ecosystem, necessitating a shift in how companies operate and collaborate [9][10] - The new ecosystem requires companies to possess "soft-hard collaborative" capabilities, as data, computing power, and algorithms must evolve in tandem [10][11] Restructuring of Value Distribution - The value center in the AIoT industry is migrating from the cloud to the edge and terminal sides, with hardware becoming the physical entry point for intelligent ecosystems [11][12] - Companies that define hardware will gain access to high-value data entry points, positioning themselves as primary beneficiaries in the new ecosystem [11][13]

国联民生证券承销保荐有限公司关于 碧兴物联科技（深圳）股份有限公司首次公开发行 部分战略配售限售股上市流通的核查意见 国联民生证券承销保荐有限公司（以下简称"保荐机构"）作为碧兴物联科 技（深圳）股份有限公司（以下简称"碧兴物联"、"公司"）首次公开发行股 票并在科创板上市的保荐机构，根据《中华人民共和国公司法》《中华人民共和 国证券法》《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上 市规则》等法律法规有关规定，对碧兴物联首次公开发行部分战略配售限售股上 市流通的事项进行了核查，具体情况如下： 一、本次上市流通的限售股类型 根据中国证券监督管理委员会2023年5月9日签发的《关于同意碧兴物联科技 （深圳）股份有限公司首次公开发行股票注册的批复》（证监许可[2023]1009号） ，公司首次向社会公众公开发行人民币普通股（A股）19,630,000股，并于2023年8 月9日在上海证券交易所科创板挂牌上市。本次发行后，公司总股本为78,518,900 股，其中有限售条件流通股为61,908,078股，无限售条件流通股为16,610,822股。 本次上市流通的限售股为公司首次公开发行的部分战略配售限 ...

Group 1 - The company, 移为通信, announced the convening of its fourth board meeting on July 30, 2025, in Shanghai, where it reviewed the 2025 semi-annual report and its summary [2] - For the fiscal year 2024, the company's revenue composition shows that the Internet of Things (IoT) accounted for 99.39% of total revenue, while other sources, such as leasing, contributed 0.61% [2]

截至收盘，中证消费电子主题指数、中证物联网主题指数均下跌0.6%，国证机器人产业指数下跌1.7%，中证智能电动汽车指数下跌2.1%。据Wind数据，截 至昨日，机器人ETF易方达（159530）本月已"吸金"超15亿元，产品规模较年初增长17倍，增速在所有机器人ETF中居首。 注:"低费率"标签指管理费率0. 15%/年,托管费率0.00 低费率(0.15%+0.05%费率) 注1:"该指数"指各上达基金产品具体跟踪的指数。数据来源Wind,指数涨跌幅截至2025年7月30日收盘,滚动市盈率/滚动市销率及 至2025年7月29日。滚动市盈率=总市值/Σ近四个季度归属母公司股东的净利润,该估值指标和企业盈利紧密相关,适用于盈利相对稳 响较小的行业;滚动市销率=总市值/Σ近四个季度营业收入,适用于尚未盈利但企业营业收入稳定、持续增长的企业,或是处于成长 正在扩张的企业。指数估值分位指该指数历史上估值指标低于当前估值指标的时间占比,分位低表示相对便宜。分位区间为指数发布[ 记录日起至2025年7月29日。国证机器人产业指数2015年2月25日发布,可查询估值记录日为2019年2月1日起:中证智能电动汽车指数2 发布 ...

Core Insights - The company reported a revenue of 1.368 billion yuan for H1 2025, an increase of 11.88% year-on-year, and a net profit attributable to shareholders of 305 million yuan, up 12.24% year-on-year [1] - The company has a strong order backlog, with new orders signed amounting to 1.627 billion yuan in H1 2025, a year-on-year increase of 8.31%, and a total contract backlog of 3.956 billion yuan as of June 30, 2025, up 12.63% year-on-year [1] Financial Performance - In Q2 2025, the company achieved a revenue of 813 million yuan, reflecting a year-on-year increase of 4.90% and a quarter-on-quarter increase of 46.29% [1] - The net profit for Q2 2025 was 166 million yuan, which is a 3.18% increase year-on-year and an 18.92% increase quarter-on-quarter [1] - The company maintained a net asset return rate of 9.18% and a debt-to-asset ratio of 34.83% in H1 2025, indicating solid financial health [1] Global Expansion - The company has established over 10 overseas subsidiaries and sales offices, with a factory in Indonesia operational since April 2025, producing various smart utility products [2] - The overseas revenue reached 283 million yuan in H1 2025, accounting for 20.82% of total revenue, marking a year-on-year growth of 25.75% [2] Product Development - The company launched 36 innovative products and solutions in H1 2025, generating revenue of 642 million yuan, which constitutes 47% of total revenue [2] - Continuous advancements in chip and module technologies are being made, with new products expected to drive future growth [2] Investment Outlook - The company is positioned with core competencies in "IoT + Chips + AI," focusing on three main business areas: power IoT, smart cities, and international expansion [3] - Projected revenues for 2025-2027 are 3.135 billion, 3.841 billion, and 4.739 billion yuan, with growth rates of 14.2%, 22.5%, and 23.4% respectively [3] - Expected net profits for the same period are 763 million, 936 million, and 1.156 billion yuan, with growth rates of 21.0%, 22.7%, and 23.5% respectively [3]