深市上市公司赴新加坡与国际投资者深度交流。 上市公司赴海外与国际投资者交流是中国资本市场对外开放的重要举措。2025年6月4日至5日，深交所在新加坡举办"投资中国新机遇—深市上市公司新加坡交流 日"，组织迈瑞医疗、汇川技术、麦格米特、特锐德、英维克等深市上市公司与新加坡投资者深度交流，展示中国新质生产力发展成效，以及相关领域上市公司的投 资价值。 中信里昂新加坡相关负责人表示，此次推介活动是中国资本市场积极拥抱境外投资者的具体体现。 与会境外投资机构普遍反映投资中国市场具有重大战略意义和广阔发展机遇，看好A股市场的中长期发展前景，认为在全球地缘政治不确定性加剧、关税争端持续 及汇率波动的背景下，中国A股展现出显著的相对优势和韧性。 全球化布局进展显著 在海外设立销售办事处、拓展经销渠道，将产品或服务推向全球市场，近年来，深市上市公司主动拥抱全球竞争，在全球舞台上扮演更重要的角色。会上，麦格米 特、特锐德和汇川技术介绍了通过本土化运营和技术创新，成功开拓海外市场，并提升全球供应链韧性的最新进展。 境外投资者对相关企业的全球化战略和技术突破表现出高度关注，认为在地缘政治风险加剧背景下，深市上市公司在境外市场的开拓 ...

全球化布局进展显著 在海外设立销售办事处、拓展经销渠道、将产品或服务推向全球市场，近年来，深市上市公司主动拥抱 全球竞争，在全球舞台上扮演更重要的角色。会上，麦格米特、特锐德和汇川技术介绍了通过本土化运 营和技术创新，成功开拓海外市场，并提升全球供应链韧性的最新进展。 境外投资者对相关企业的全球化战略和技术突破表现出高度关注，认为在地缘政治风险加剧背景下，深 市上市公司在境外市场的开拓情况及本土化交付能力能促进营业收入增长，有效对冲风险。 引领全球减碳新趋势 近年来，A股上市公司在 ESG 实践中，通过绿色技术创新和可持续发展举措，为全球减碳做出了积极 贡献，展现出强大竞争力。 深市上市公司赴新加坡与国际投资者深度交流。 上市公司赴海外与国际投资者交流是中国资本市场对外开放的重要举措。2025年6月4日至5日，深交所 在新加坡举办"投资中国新机遇—深市上市公司新加坡交流日"，组织迈瑞医疗、汇川技术、麦格米特、 特锐德、英维克等深市上市公司与新加坡投资者深度交流，展示中国新质生产力发展成效，以及相关领 域上市公司的投资价值。 中信里昂新加坡相关负责人表示，此次推介活动是中国资本市场积极拥抱境外投资者的具体体现。 ...

Group 1 - The 2025 South China International Industrial Expo has opened in Shenzhen, covering over 100,000 square meters and featuring more than 1,200 companies, with an expected attendance of over 100,000 professional visitors [1] - The expo showcases innovations in various fields including industrial automation, machine vision, laser technology, CNC machine tools, robotics, new information technology, testing and measurement, electronic manufacturing, and new materials, creating a "smart manufacturing ecosystem" [1] - Omron Group presents innovative solutions focusing on AI, digitalization, and intelligent technology, targeting key industries in South China such as 3C electronics, semiconductors, and new energy [1] Group 2 - Hikvision showcases digital products for quality inspection and equipment management, leveraging its expertise in IoT perception, AI, and big data [2] - Leading companies in the laser sector, including Han's Laser and Lead Laser, present a comprehensive array of equipment covering industrial processing scenarios such as cutting, welding, and cleaning [2] - The expo features nearly 30 forums, technical training sessions, and procurement matchmaking events, enhancing industry collaboration and technical exchange [2]

Group 1 - The core viewpoint of the article highlights the strategic transformation of Zhongkong Technology towards industrial AI, which is seen as a necessary response to industry demands and trends [1] - The company faces challenges in balancing production efficiency and energy consumption in traditional process industries, which drives technological innovation [1] - Zhongkong Technology's TPT temporal model utilizes industrial AI technology and can be applied across various industrial scenarios, creating a significant technological moat [1] Group 2 - The Chinese government has introduced multiple policies to promote equipment upgrades and the intelligent transformation of the manufacturing sector, with industries such as oil, chemicals, and steel expected to complete equipment upgrades by 2027 [1] - The company anticipates a compound annual growth rate of approximately 2.3% in China's industrial automation market from 2025 to 2027, as it accelerates its transition to an industrial AI company [1] - The TPT model has already been implemented in several facilities, resulting in production efficiency improvements of 1% to 3%, with plans for comprehensive integration and upgrades of industrial AI products in the next 2-3 years [1]

Summary of Conference Call Industry Overview - The conference call covered multiple industries including real estate, automotive, express delivery, and industrial automation and robotics. Real Estate Industry - **Sales Performance**: The top 50 developers experienced a year-on-year sales decline of 9% in May, worsening from an 8% decline in April. The top 100 developers saw a decline of 7% year-on-year, up from 6% in April. Although there was a slight month-on-month increase of 2% in May compared to April, this is significantly lower than the historical average increase of 7% [2][3]. - **State-Owned vs. Private Developers**: State-owned developers had a year-on-year sales decline of 9%, while private developers faced a more severe decline of 27% [2]. - **Future Outlook**: Sales are expected to continue declining, with projections indicating a potential year-on-year decline of 15% to 20% in June due to high base effects from the previous year [3]. - **Second-Hand Housing Market**: Second-hand housing prices fell by 1.1% month-on-month and 10.3% year-on-year, with 84% of tracked cities reporting price declines [4]. The overall sentiment remains cautious, with expectations of further price drops in the coming months [5]. Automotive Industry - **Price War**: A significant price war initiated by BYD on May 23, with price reductions of 10% to 30% on over 20 models, has led to increased competition among automakers [6]. - **Sales Data**: In the U.S., May auto sales were slightly below expectations at an annualized rate of 15.7 million units, down 2% year-on-year, with electric vehicle sales declining by 13% [9]. Tesla's sales are estimated to have dropped by over 20% year-on-year [9]. - **Sustainability of Orders**: The sustainability of increased orders due to price cuts and new model launches remains a concern for the industry [7]. Express Delivery Industry - **Price Competition**: The express delivery sector is experiencing intensified price competition, primarily initiated by leading players. The profit margins of major companies have been declining, with a notable increase in subsidies from companies like Zhongtong [11]. - **Market Concentration**: The market share concentration among the top players is increasing, with Zhongtong and Yuantong accounting for 85% of the profit share in the first quarter [12]. - **Capital Expenditure**: Companies like Yunda and Shentong have lagged in capital expenditure compared to their peers, which may affect their long-term growth potential [13]. - **Technological Advancements**: The industry is focusing on digitalization and automation to improve operational efficiency, with a notable shift towards AI applications [14]. Industrial Automation and Robotics - **Order Trends**: Companies in the industrial equipment sector are facing uncertainty regarding future orders due to tariff impacts. However, there is optimism about maintaining order levels during the tariff suspension period [18]. - **Market Expansion**: Companies are expanding their product lines and exploring overseas markets to capture more market share [19]. - **Price Competition**: There is significant price pressure in the small-load industrial robot and servo motor segments, with prices dropping over 10% in the first five months of the year [20]. - **Robotics Development**: The industry is seeing increased efforts in humanoid robot development, with several companies planning to deploy hundreds of units in the second half of the year [22]. Government initiatives are also supporting the deployment of intelligent robots [23]. Conclusion - The conference highlighted the challenges and opportunities across various sectors, emphasizing the need for strategic adjustments in response to market dynamics and competitive pressures. The overall sentiment remains cautious, particularly in the real estate and automotive sectors, while the express delivery and industrial automation industries are navigating through intense competition and technological advancements.

Core Viewpoint - Shenzhen Huachuang Intelligent Technology Co., Ltd. has successfully completed A and A+ rounds of financing, focusing on high-end servo localization, humanoid robot joint module iteration, and global market strategy layout [1][4] Financing Details - A round was exclusively invested by Zhongwei Capital, while A+ round was led by Fosun Chuangfu and Blue Ocean Huaten, with follow-up investment from Zhuoyuan Asia [1] - Previous angel investment was received from the leading laser industry company, Han's Laser Technology Industry Group [1] Investment Focus - The funds will be directed towards: - High-end servo localization in the general machine tool and semiconductor fields - Iteration of humanoid robot joint modules with ultra-thin architecture and intelligent algorithms - Global market strategy [1] Technological Advancements - Huachuang's micro and joint servo products have been adopted by multiple humanoid manufacturers for mass production [1] - The micro servo boasts the highest power density globally, while the joint servo features an ultra-thin design of 17mm, integrating advanced wide-bandgap power semiconductor devices and mixed-signal control chips [1] - Compared to traditional servo designs, Huachuang's micro servo reduces height by 35% and increases power density by over 40% [1] Software Capabilities - The company has accumulated years of experience in high-speed, high-precision motion control algorithms, applicable to humanoid robots [2] - Features include overload response for humanoid applications and precise force control with a built-in 16-bit high-precision torque feedback channel [2] Market Positioning - Huachuang aims to become a core component supplier in the humanoid robot era, with strong technical accumulation and a rich product line [4][5] - The company is positioned to rapidly replace high-end products from Japanese and European manufacturers in the industrial servo field [4] Industry Outlook - The servo drive market is expanding due to industrial automation upgrades and smart manufacturing policies, with a forecasted explosive demand in the robotics industry [4] - Huachuang is expected to leverage its technological strengths to become a key supplier in the servo drive and robotics sectors [4][6] Team Expertise - The core team has over 10 years of experience in motion control R&D and sales, previously responsible for the development of a full range of products for leading domestic servo manufacturers [6] - The team possesses unique capabilities in the foundational R&D of general servo platforms, making it a rare asset in the industry [6]

Core Viewpoint - The company TuoSiDa (300607.SZ) has announced a third delay in the implementation of its convertible bond fundraising project, extending the deadline for the smart manufacturing overall solution R&D and industrialization project to December 31, 2025, primarily due to changes in the market economic environment and the need for product and technology adaptation [1][4][8]. Group 1: Project Delays - TuoSiDa's smart manufacturing project was initially set to be operational by March 31, 2023, but has faced multiple delays, with the first extension announced in March 2023 and the second in May 2024 [1][5][6]. - As of May 23, 2025, the project has seen a total investment of 232 million yuan, achieving a progress rate of 49.28% [2][7]. - The project has been impacted by external macroeconomic factors and the need for technological updates, leading to a cautious investment approach [8][9]. Group 2: Financial Performance - In 2024, TuoSiDa reported a significant revenue decline of 36.92%, with total revenue of 2.872 billion yuan and a net loss of 245 million yuan, marking the first loss since its listing in 2017 [2][3][9]. - The company's decision not to distribute profits in 2024 is also a first since its IPO, reflecting the financial strain [3][9]. - The decline in revenue is largely attributed to a substantial drop in the smart energy and environmental management system business, which saw a 54.22% decrease in revenue [9][10]. Group 3: Business Adjustments - TuoSiDa is undergoing a strategic transformation, focusing on product refinement and reducing project scope, which has led to a contraction in the smart energy and environmental management system business [9][10]. - Despite the challenges in the smart energy sector, other business segments, such as industrial robots and automation systems, have shown relative stability, with a revenue of 755 million yuan, albeit down 22.05% [9][10]. - The overall gross margin for the remaining business segments, excluding the smart energy sector, increased to 34.25%, indicating some resilience in other areas [10].

Core Viewpoint - The company, 汇川技术, is a leading player in the automation equipment sector, with a current market capitalization of 177.297 billion yuan, ranking 1st in its industry and 67th in the overall A-share market. The company is actively enhancing its investor relations and market share through tailored solutions and strong communication with investors [1][2][4]. Group 1: Investor Relations Management - The company has established a comprehensive management system for investor relations, including a tiered reception mechanism and various forms of engagement to meet the needs of different types of investors [1]. - The management team, including the chairman, is actively involved in direct communication with investors, enhancing transparency and trust [1]. - The company holds three performance briefings annually and regularly convenes shareholder meetings to ensure participation from all shareholders, including minority investors [1]. Group 2: Market Share Enhancement Strategies - The company employs a "Industrial Control + Process" strategy to provide customized solutions for downstream sectors, which gives it a competitive edge over foreign brands [2]. - The cost-effectiveness and rapid response of the company's products and solutions further contribute to increasing its market share [2]. - There is a growing demand for domestic products due to the trend of localization, which supports the company's efforts to enhance its market share [2].

Market Overview - The report provides a comprehensive analysis of the global and Chinese electromagnetic brake market, focusing on trends from 2020 to 2031 [1][4]. - It categorizes electromagnetic brakes into different types, including AC and DC electromagnetic brakes, and outlines their sales growth trends [3][4]. Sales Trends - The report highlights the sales revenue growth trends for various product types and applications, projecting significant increases from 2020 to 2031 [3][4]. - Specific applications such as cranes, electric motors, and conveyors are identified as key segments driving market growth [3][4]. Industry Background - The current state of the electromagnetic brake industry is analyzed, including its historical development and future trends [3][4]. - The report discusses the supply and demand dynamics, including production capacity, output, and utilization rates from 2020 to 2031 [4][5]. Regional Analysis - A detailed analysis of the electromagnetic brake market by region is provided, including production and sales trends in North America, Europe, China, Japan, Southeast Asia, and India [4][5]. - The report includes projections for market share and growth rates across these regions [4][5]. Major Manufacturers - The report identifies key manufacturers in the electromagnetic brake market, detailing their production capacities, sales volumes, and revenue from 2020 to 2025 [5][6]. - It includes a ranking of major manufacturers based on revenue for 2024, providing insights into competitive positioning [5][6]. Product and Application Analysis - The report analyzes sales and revenue trends for different types of electromagnetic brakes and their applications, projecting future growth [6][7]. - It provides insights into pricing trends for various product types and applications from 2020 to 2031 [6][7]. Supply Chain Insights - An analysis of the electromagnetic brake industry supply chain is included, covering upstream raw material supply and downstream customer analysis [8][9]. - The report also discusses sales channels and distribution strategies within the industry [8][9]. Opportunities and Challenges - The report outlines key growth opportunities and driving factors for the electromagnetic brake industry, as well as potential challenges and risks [9][10]. - It includes a policy analysis relevant to the industry, highlighting regulatory impacts on market dynamics [9][10].

近日，北交所官网披露，因深圳市控汇智能股份有限公司（以下简称：控汇股份中）撤回发行上市申请，根据《北京证 券交易所股票发行上市审核规则》第五十五条的有关规定，北交所决定终止对控汇股份首次公开发行股票并在北交所上 市的审核。 公司本次拟公开发行不超过1,419.00万股（未考虑超额配售选择权的情况下）人民币普通股（A股）股票，本次发行不涉 及老股东公开发售其所持有的公司股份，实际募集资金扣除发行费用后，全部用于公司主营业务相关的项目。 | 代码 | 839418 | 简称 | 控汇股份 | | --- | --- | --- | --- | | 公司全称 | 深圳市控汇智能股份有限公司 | 受理日期 | 2023-11-03 | | 审核状态 | 终止 | 更新日期 | 2025-05-09 | | 保存机构 | 长江证券承销保荐有限公司 | 保存代表人 | 许超,草希 | | 会计师事务所 | 容诚会计师事务所(特殊普通合伙) | 签字会计师 | 蔡浩,甘进崇,章少霞 | | 律师事务所 | 北京市嘉源律师事务所 | 签字律师 | 李旭东,王浩 | | 评估机构 | | 签字评估师 | | 公司是一家专业从事 ...