Robotics - The latest development of 3D micro-nano robots by the Chinese Academy of Sciences has made the dream of "nano doctors" capable of entering the body to treat diseases a reality. These robots can perform precise tasks such as capturing cells and releasing particles, measuring around 40 micrometers in size, smaller than a human hair [1] - The demand for minimally invasive surgeries and the rising prevalence of chronic diseases are driving the expansion of nano robots in the medical field. The medical nano robot market in China is projected to grow from 4.5 billion yuan in 2020 to 14.94 billion yuan by 2025, and is expected to exceed 80 billion yuan by 2030, with a CAGR of over 25% [1] Controlled Nuclear Fusion - The helium refrigerator developed by Henan Zhongke Qingneng Technology Co., Ltd. has successfully operated for over 120 hours, achieving a cooling capacity of 3 kW, meeting design specifications. This equipment fills a gap in China's nuclear fusion field for ultra-low temperature refrigeration [2] - Controlled nuclear fusion is seen as a key to achieving "energy freedom," providing a clean, safe, and virtually limitless energy source, akin to the sun's energy production. It is considered the ultimate form of energy that could propel human civilization into the next stage of development [2] Digital Currency - Digital currency is emerging as a strategic tool in modern warfare, reshaping traditional financial warfare models and becoming a significant instrument in geopolitical competition. China is advancing a dual-track system of "digital renminbi + offshore finance" to establish a multipolar global currency landscape [3] Computing Power - The Ministry of Industry and Information Technology has drafted the "Computing Power Standard System Construction Guide (2025 Edition)," aiming to revise over 50 standards by 2027 across various aspects of computing power. This initiative is expected to enhance the construction of a national integrated computing power network [4] - Advanced packaging is becoming a crucial direction for domestic computing chips to overcome performance bottlenecks, with companies like Huawei accelerating chip iterations and domestic supply chains supporting self-sufficiency in computing power [4] Industrial Internet - The Guangdong Provincial Government has issued an action plan to promote high-quality development in manufacturing through artificial intelligence from 2025 to 2027. This includes supporting the establishment of edge data centers and promoting the integration of AI with industrial internet platforms [5] - The push for domestic innovation in industrial software is expected to accelerate, with various funding already in place, indicating a shift towards core system replacements in the industry [5] Macro and Industry News - In the first three quarters of 2025, domestic tourism in China saw 4.998 billion trips, an increase of 761 million trips year-on-year, with a total expenditure of 4.85 trillion yuan, up 11.5% from the previous year [6] - The Shanghai Municipal Government has released an action plan to stabilize real estate investment and promote urban renewal, aiming to enhance the sustainability of urban development [6] - Guangzhou's government has implemented a plan to boost consumption, focusing on enhancing property income channels and managing the market value of state-owned listed companies [6] Hong Kong Stock Market - The asset management scale of ETFs in Hong Kong has increased from approximately 300 billion HKD in 2015 to about 650 billion HKD currently, with a projected average daily trading volume of 38 billion HKD by 2025 [7] - As of the end of the third quarter of 2025, the Hong Kong stock market has seen 66 new listings, raising 23.5 billion USD, marking a 45% increase in the number of new stocks and a 192% increase in financing compared to the previous year [7]

Core Viewpoint - The ongoing trend of companies considering Hong Kong listings continues, with Haier Smart Home contemplating the spin-off of its IoT platform, Kaos, for a potential listing in Hong Kong next year [1][3]. Group 1: Kaos Listing Plans - Kaos has been preparing for an A-share IPO for over a year, having engaged CICC as its sponsor and filed for guidance with the Shandong Securities Regulatory Bureau [2]. - Despite plans to complete IPO guidance by June this year, there has been no significant progress reported on the IPO [2]. - The potential shift from an A-share IPO to a Hong Kong listing appears logical given the current circumstances [3]. Group 2: Shareholding Structure - Technically, Kaos's listing cannot be strictly classified as a spin-off from Haier Smart Home, as Haier holds only a 9.7% stake, while the controlling shareholder is Haier Group through Haier Kaos Digital Technology Development Co., Ltd., which holds 49.11% [4]. Group 3: Market Reactions and Future Plans - Haier Group confirmed that Kaos's listing preparations are proceeding as planned, with no other significant developments to disclose at this time [5]. - The speculation regarding a potential integration between Kaos and Xinsida may be less likely with the recent focus on Kaos's Hong Kong listing [6]. - Haier acquired control of Xinsida earlier this year, which has expertise in industrial automation hardware, potentially enhancing Kaos's capabilities in hardware development [7]. Group 4: Independence and Management - There were earlier market speculations about a possible integration of Kaos with Xinsida if the A-share IPO faced challenges, but Haier Group emphasized that Kaos is currently adhering to independence requirements for IPO management and operations [8].

据报道，海尔智家(06690)正考虑分拆旗下物联网平台卡奥斯(Cosmoplat)在港上市。 本文作者可以追加内容哦 ! 据报道，海尔智家(06690)正考虑分拆旗下物联网平台卡奥斯(Cosmoplat)在港上市。报道指，海尔正跟 中金公司及汇丰就卡奥斯拟明年在港上市进行磋商，消息人士表示，海尔或透过卡奥斯IPO筹资约5亿 美元，但具体上市规模及时间尚未正式落实。 公开资料显示，卡奥斯是工业互联网平台，为制造业、电子、模具、纺织和化工等产业提供服务；同时 涵盖智能供应链、采购和制造，及企业解决方案等范畴。追加内容 ...

智通财经APP获悉，据报道，海尔智家(06690)正考虑分拆旗下物联网平台卡奥斯(Cosmoplat)在港上市。 报道指，海尔正跟中金公司及汇丰就卡奥斯拟明年在港上市进行磋商，消息人士表示，海尔或透过卡奥 斯IPO筹资约5亿美元，但具体上市规模及时间尚未正式落实。 公开资料显示，卡奥斯是工业互联网平台，为制造业、电子、模具、纺织和化工等产业提供服务；同时 涵盖智能供应链、采购和制造，及企业解决方案等范畴。 该信息由智通财经网提供 ...

Core Viewpoint - Haier Smart Home is considering a spin-off of its IoT platform, Cosmoplat, for a potential IPO in Hong Kong, aiming to raise approximately $500 million [1] Group 1: Company Overview - Haier Smart Home (600690)(06690) is in discussions with China International Capital Corporation and HSBC regarding the IPO of Cosmoplat [1] - Cosmoplat is an industrial internet platform that provides services to various industries including manufacturing, electronics, molds, textiles, and chemicals [1] Group 2: Financial Aspects - The potential IPO is expected to raise around $500 million, although the specific scale and timing of the listing have not been finalized [1] - The discussions regarding the IPO are ongoing, indicating a strategic move to enhance capital through the public market [1] Group 3: Service Offerings - Cosmoplat encompasses smart supply chain, procurement, manufacturing, and enterprise solutions, highlighting its comprehensive service range [1]

Group 1 - Haier Group is in discussions with China International Capital Corporation and HSBC to promote the IPO of its industrial internet platform, COSMOPlat, on the Hong Kong Stock Exchange by 2026, aiming to raise approximately $500 million (about 3.549 billion RMB) [1][3] - COSMOPlat was founded by Haier Group in April 2017, leveraging nearly 40 years of manufacturing experience, and is based on a large-scale customization model with full user participation in the industrial internet [3] - The funds raised from the IPO are intended for technology research and development, market expansion, and ecosystem construction [3] Group 2 - Haier Group currently has seven listed companies, including Haier Smart Home (A-shares and H-shares), Haier Biomedical, and Yinkang Life, covering sectors such as home appliances, biotechnology, and healthcare [3]

在数字化转型的浪潮中，央企和国内大企业始终是"排头兵"——它们组织架构复杂，动辄覆盖"总部-子公司-工厂"多层级；业务场景多元，生产、供应链、 科研、管理环环相扣；对数据安全和系统稳定性的要求更是"零容错"。但恰恰是这些特点，让工业互联网落地成了"老大难"。 据相关数据显示，尽管我国工业互联网平台数量扩张迅速，但仍有诸多问题亟待解决。如AII联盟对168家企业的评估数据表明，80%的平台连接的设备协议 种类不足20种，83%的平台提供的分析工具不足20个，68%的平台提供的工业机理模型不足20个，这导致平台对底层工业数据资源的调度管理能力不足，对 工业数据分析和工业应用开发的技术支撑能力也有待提升。 面对这一痛点，保利集团旗下三级子公司——中轻工业互联网，带着核心产品"飞桥数智云"闯入视野。这款聚焦边缘计算的工业互联网平台，已服务100多 家生产型企业，尤其在央企服务中积累了扎实经验。近日，中国工业报对话中轻工业互联网副总经理刘芳，解密飞桥数智云如何精准击中大企业需求，成为 央企数字化转型的"靠谱伙伴"。 三大优势直击央企"组织+场景+安全"痛点 "最近半年接触的厂商平台，大多卡在'适配大企业需求'这一步。要 ...

Core Viewpoint - Dongtu Technology (东土科技) announced plans to acquire 100% equity of Beijing Gaoweike Electric Technology Co., Ltd. through a combination of issuing shares and cash payment, with trading suspension starting from October 21 [1][4]. Group 1: Acquisition Details - The acquisition involves 43 shareholders, including actual controllers Zhang Xun and Liu Xinping of Gaoweike [1][4]. - An intention agreement has been signed, outlining the acquisition method and the fundraising for the transaction [4]. - Gaoweike, established in February 2001, has a registered capital of 103.4 million yuan and operates in industrial automation, providing services such as technical development and sales of automation control systems [4][5]. Group 2: Financial Performance - Dongtu Technology reported a revenue of approximately 390 million yuan for the first half of 2025, a year-on-year decrease of 7.13%, with a net profit attributable to shareholders of approximately -88.8 million yuan, indicating a reduction in losses [6]. - The company has been focusing on core technologies in industrial networking and intelligent control, aiming to support new industrialization [6][7]. Group 3: Future Plans - Dongtu Technology plans to disclose the transaction scheme for the acquisition within 10 trading days, adhering to regulatory requirements [5]. - The establishment of a new subsidiary, Beijing Dongtu Semiconductor Technology Co., Ltd., aims to enhance the company's capabilities in semiconductor equipment control technology [6][7].

Group 1 - The "Ning Gong Pin Tui" supply-demand matching activities have been successful in facilitating over 100 events and serving more than 3,300 enterprises, helping them secure orders and expand markets [1] - The initiative emphasizes the importance of aligning product offerings with market needs and enhancing collaboration across the industrial chain [1][2] - Companies like Langkun Smart Technology have benefited significantly from these events, showcasing their "AI + Industrial Internet" solutions to key clients [2][3] Group 2 - Langkun Smart Technology has identified strong demand in areas such as "AI + operational optimization" and "AI + energy efficiency," which align with their core competencies [3] - The company has developed exemplary "AI+" applications based on the national-level "Shuchang" industrial internet platform, demonstrating significant improvements in quality and efficiency [3] - The "Ning Gong Pin Tui" activities have enabled enterprises to stay updated on industry trends and connect with potential clients effectively [3][4] Group 3 - Estun Automation has established deep collaborations with local suppliers, enhancing the resilience of the supply chain and creating a "2-hour response circle" advantage [5][6] - The company has maintained its position as a leader in the industrial robot market, contributing to a domestic market penetration rate of 55.3% for local brands [5] - The "Ning Gong Pin Tui" initiative has facilitated Estun's engagement with various enterprises, promoting collaborative development across the industrial chain [6] Group 4 - The Jiangning Development Zone is collaborating with Estun to implement a "Double Hundred Billion" initiative, aiming to exceed 10 billion yuan in revenue by 2030 [7] - The "Ning Gong Pin Tui" events have also attracted major state-owned enterprises, enhancing cooperation between central and local enterprises in the energy sector [8][10] - The initiative has created a strong platform for enterprises to understand industry dynamics and expand their business networks [9][10] Group 5 - The smart grid industry is a key sector for Nanjing, with ambitions to surpass 500 billion yuan this year, leveraging the strengths of state-owned enterprises [11] - The local government is fostering a continuous engagement mechanism between central enterprises and local businesses to enhance technological collaboration and talent exchange [11]

Core Insights - The "Shuijing Cup" Data Intelligence Innovation Application Competition, focusing on industrial internet data innovation, was successfully held in Bao'an, showcasing significant technological breakthroughs and ecosystem development in the region [1][3][11]. Group 1: Event Overview - The competition, themed "Data Empowerment, Intelligent Future," attracted over 2,700 teams, with 27 teams winning awards after a rigorous selection process [5][7]. - The event included policy presentations, technical roadshows, and ecosystem cooperation activities, providing a multi-dimensional communication platform for participants and enterprises [7]. Group 2: Key Achievements - Bao'an released several major outcomes, including the "Top Ten Industrial Big Data Algorithms" and the "National New-type Industrialization Industry Demonstration Base (Industrial Internet) - Bao'an District, Shenzhen," highlighting its commitment to digital transformation in manufacturing [3][11][13]. - The "Top Ten Industrial Big Data Algorithms" are recognized as a "standard algorithm library" for intelligent transformation in manufacturing, validated through enterprise testing [13]. Group 3: Industrial Internet Development - Bao'an has established itself as a national five-star new-type industrialization demonstration base, with significant achievements in industrial internet development, including the creation of 90 service providers and 259 products [21]. - The region has seen a 16.9% average increase in manufacturing efficiency and an 11.8% reduction in operational costs post-digital transformation [24]. Group 4: Future Directions - The "Digital Transformation Promotion Center Ecological Co-construction Initiative" was launched to foster a collaborative governance model among government, market, and various stakeholders [17]. - Bao'an aims to accelerate the integration of "hard manufacturing" and "soft intelligence," enhancing its position as a hub for industrial internet innovation in the Guangdong-Hong Kong-Macao Greater Bay Area [23].