董事会认为，集团业绩扭亏为盈乃主要由于(其中包括)以下因素的净影响所致：(i)集团投资物业的公允 值收益由截至2024年6月30日止财政年度的约2624.3万港元增加至截至2025年6月30日止财政年度的约 7452.2万港元;(ii)于截至2024年6月30日止财政年度计提拨备约4303.1万港元，而于截至2025年6月30日止 财政年度冲回拨备计提约1456.9万港元;(iii)于截至2025年6月30日止财政年度取得出售按公允值计入损 益的金融资产的收益净额约1411.8万港元，而于截至2024年6月30日止财政年度并无取得重大金额;(iv)递 延税项由截至2024年6月30日止财政年度的约569.4万港元增加至截至2025年6月30日止财政年度的约 3926.4万港元;(v)于截至2025年6月30日止财政年度取得物业、厂房及设备减值亏损约1188.9万港元，而 于截至2024年6月30日止财政年度并无取得重大金额。 2025年初，集团启动业务转型升级，深度盘活无锡资产的商业价值。依托集团发展战略和国家"人工智 能+"的产业政策方向，着力打造智能机器人产业园的建设和运营，通过集团AI RaaS(机器人 ...

Group 1 - The stock price of Stone Technology (688169.SH) fell by 5.33% to 200.22 yuan as of the market close on September 22 [1] - On February 21, 2025, Stone Technology's stock reached a year-to-date high of 272.42 yuan during intraday trading [2] - Research analysts from Open Source Securities maintained a "buy" rating for Stone Technology, highlighting its potential to become a benchmark enterprise in AI robotics applications [2] Group 2 - Open Source Securities analysts also projected that Stone Technology's revenue for Q4 2024 would exceed expectations due to more aggressive product and marketing strategies, maintaining a "buy" rating [2]

Group 1 - The core point of the article is that Stone Technology has announced a share buyback program, having repurchased approximately 370,000 shares, which represents 0.1424% of its total share capital as of September 22, 2025 [1] - The highest and lowest prices for the repurchased shares were 219.16 yuan and 175.01 yuan per share, respectively, with a total expenditure of approximately 73.87 million yuan [1] - As of the report date, the market capitalization of Stone Technology is 51.9 billion yuan [1] Group 2 - For the fiscal year 2024, the revenue composition of Stone Technology indicates that 99.78% of its revenue comes from smart robots and related hardware, while other businesses contribute only 0.22% [1]

在梅林街道的科创企业矩阵中，玉树智能机器人有限公司是极具代表性的一员。作为专注于具身智 能机器人研发的科技力量，该公司聚焦技术转化与场景落地，已成功研发并推出无人驾驶清扫车、智能 分拣机器人、巡查无人机等多元化产品。基于核心技术与丰富产品矩阵，公司进一步构建起"全场景智 慧环卫解决方案"，从清洁、分拣到巡查的全流程赋能城市服务，为推动城市治理向智能化、精细化升 级提供了有力的科技支撑。 走进玉树具身机器人智创中心，一场生动的"机器人实训"场景映入眼帘：多台机器人正精准模拟日 常家庭服务场景，端茶倒水、整理衣被、清扫地面、倾倒垃圾等动作流畅连贯。而在每台机器人旁，都 有工作人员同步操控。通过这种"人机协同"模式，既能高效收集动作数据，更能为机器人行为训练提供 关键支撑。随着数据积累达到一定规模，机器人将逐步掌握自主判断与执行能力，熟练完成各类指令任 务。 人民网深圳9月22日电 （俄布拉依、崔越、黄克超）从承载城市记忆的传统城区，到跃升为活力满 满的"科创第一街"，深圳市福田区梅林街道走出了一条传奇的转型之路。为解锁其蝶变背后的核心密 码，人民网"2025中外记者看深圳"调研团日前专程走进这片创新热土，深入探寻 ...

Core Insights - The first Aggregated Intelligent Industry Development Conference (2025) was held in Wuhan, focusing on the theme of "Collaborative Integration of Innovation Chains and Industry Chains to Promote the Development of Aggregated Intelligent Industries" [1] - The conference highlighted the potential of smart vehicles, smart robots, and low-altitude flying vehicles as key components of the aggregated intelligent industry, with a projected global market size of nearly $240 billion by 2030, and China's market expected to exceed $120 billion [1] Group 1: Industry Development and Trends - Zhang Yongwei, Chairman of the Car Hundred Association, emphasized the interconnectedness of smart vehicles, robots, and low-altitude flying vehicles, suggesting they could become new engines for China's industrial exports [1] - The conference featured a forum on the aggregated intelligent industry chain, discussing the need for efficient collaboration and addressing technological bottlenecks in the development of smart robots, low-altitude flying vehicles, and smart vehicles [3] - The low-altitude economy is projected to reach a market size of trillions by 2030, with the need for widespread adoption of personal flying vehicles to achieve market breakthroughs [10] Group 2: Technological Innovations and Applications - Experts discussed the importance of integrating AI capabilities in smart vehicles and robots, highlighting the need for advancements in both physical and cognitive functionalities [5][11] - The development of low-altitude transportation is seen as a crucial solution to urban traffic challenges, with electric flying vehicles expected to significantly reduce manufacturing costs and improve efficiency [4] - The conference underscored the necessity of cross-disciplinary collaboration and the establishment of innovation platforms to drive the aggregated intelligent industry's growth [1][9] Group 3: Policy and Market Dynamics - The former deputy director of the National Postal Bureau proposed six directions for promoting the aggregated intelligent industry, including focusing on practical applications and overcoming key challenges such as cost and safety [10] - The integration of the automotive and aviation industries is expected to facilitate rapid cost reduction and efficiency improvements in low-altitude flying vehicles [11] - The conference also highlighted the importance of developing standards and regulations to keep pace with technological advancements in the aggregated intelligent sector [10][12]

Key Insights - The report highlights a significant increase in private market exposure among major pension funds, with the top 20 U.S. pension funds holding approximately $500 billion in private market investments, raising concerns among policymakers about potential risks [6][7][10] - The Government Pension Investment Fund (GPIF) of Japan has made its first direct investments in domestic alternative assets, allocating a total of ¥50 billion, with ¥40 billion directed towards infrastructure funds and ¥10 billion towards real estate investments [8][9] - The California Public Employees' Retirement System (CalPERS) has announced a transition to a Total Portfolio Approach (TPA) to enhance decision-making clarity and transparency, shifting to a simplified benchmark of a 75/25 equity-to-bond ratio [12][13] - The European Union is set to take action by the end of the year to promote pension investments and simplify cross-border transaction processes, aiming to reduce administrative costs and attract investments [16][17] Group 1: Private Market Exposure - Major pension funds are increasingly allocating capital to private markets, with a notable rise in risk exposure as the number of publicly listed companies declines [6][7] - The trend of pension funds moving towards private assets is being closely monitored by global policymakers due to the potential risks associated with this shift [7] Group 2: GPIF Investments - GPIF's new strategy allows for greater control over investments, as it directly selects funds rather than relying on asset management companies [8][9] - The fund's alternative investment allocation remains limited to 5% of total assets, with current holdings at only 1.6%, indicating room for growth in this area [8] Group 3: CalPERS TPA Implementation - The TPA will simplify the investment strategy for CalPERS, allowing for a more straightforward approach while maintaining a focus on risk management [12][13] - The integration of ESG factors into investment decisions is a key component of CalPERS' new strategy, with dedicated resources allocated to ensure compliance [13][16] Group 4: EU Regulatory Actions - The EU's proposed measures aim to streamline regulations and enhance market transparency, particularly concerning pension funds and cryptocurrency investments [16][17] - Tax incentives and simplified investment processes are expected to encourage household savings to flow into capital markets [17] Group 5: Other Global Developments - The Abu Dhabi Investment Authority is actively seeking opportunities in the private equity secondary market, despite challenges in the broader industry [18][19] - The National Pension Service of Korea has acquired a minority stake in Nordic real estate manager Areim, aligning with its investment strategy [20][21] - The IRS has finalized key rules under the SECURE 2.0 Act, impacting workplace retirement plans and contribution limits [22][23]

该评选活动自启动以来，获广大参展企业积极响应，有近60个国家、超过1900家企业的4500件展品 参与，涵盖智能机器人、无人驾驶以及时尚精品、特色食品等内容。值得一提的是，AI是第22届东博 会的主角，展品评选首次引入AI技术进行筛选，并邀请中国和东盟10国相关行业的专家进行评审，最 终评出金奖10个、银奖20个、优秀设计奖15个、最高人气奖15个。 9月21日，第22届中国—东盟博览会展品评选活动颁奖仪式在南宁举行。 东博会作为中国与东盟国家交流合作的重要平台，有力推动了中国与东盟各国在贸易、投资、科技 等多领域交流合作。此次评选出的优质展品通过东博会平台赋能，将有助于企业开拓市场。（黄静） ...

Group 1: Liquid Metal Applications - Liquid metal (amorphous alloy) offers advantages such as high strength, hardness, and corrosion resistance, making it suitable for mobile phone frames and other applications [1][2]. - The company is focusing on the development of liquid metal materials for various sectors, including consumer electronics, medical devices, and new energy vehicles [3][4][5]. - Current collaborations in the robotics sector involve developing components like humanoid robot joint motor housings [6][7]. Group 2: Magnesium Alloy Developments - The company is working on biodegradable magnesium screws, with the first model expected to produce approximately 50,000 units annually once approved [10][11]. - Magnesium-aluminum alloys are primarily used in automotive parts, with increasing demand due to the rise of electric vehicles and lightweight components [7][8]. Group 3: Production and Capacity - The company is actively negotiating with clients regarding the 6100T die-casting machine project, which is still in discussions [9][10]. - The new factory in Qingxi is expected to be completed by January 8, 2027, focusing on lightweight alloy precision die-casting and liquid metal precision structural components [10][11]. Group 4: Financial Performance and Market Challenges - The company reported a decline in performance due to price pressures from downstream customers, particularly in the electric vehicle sector, where average price reductions reached 15%-20% [10][11]. - Despite the challenges, the company is committed to improving governance, enhancing R&D, and expanding market reach to boost profitability [12][13]. Group 5: Strategic Initiatives - The company is in the process of introducing strategic investors for its subsidiary Yihao Metal, with pre-disclosure completed and formal documentation underway [14][15]. - There is an ongoing effort to enhance the company's online presence and communication with investors, ensuring timely updates and engagement [16][17].

Group 1: Manufacturing Industry Insights - The 2025 World Manufacturing Conference opened in Hefei, showcasing the 2025 China Manufacturing Enterprises Top 500 list, highlighting innovation as a key driver for large manufacturing enterprises in China [1] - Anhui Province has established itself as a pilot province for low-altitude airspace management reform, becoming the third in the country and the only one in the Yangtze River Delta [6] Group 2: Low-altitude Economy Development - The low-altitude industry in Anhui has developed a "one-stop" service for processes such as airspace application and material approval, allowing businesses to obtain necessary licenses within a month [2][4] - Anhui has established a low-altitude flight service center, providing a smart and standardized service system for low-altitude aviation users, including airspace planning and flight monitoring [6] - The low-altitude economy in Anhui has begun to take shape, with over 570 enterprises in the industry chain and revenue exceeding 55 billion yuan, marking a 21.3% growth [10] Group 3: Electric Vehicle and Energy Interaction - A new "vehicle-to-grid" (V2G) model allows electric vehicles to act as mobile power stations, providing energy back to the grid during peak demand, with over 6,000 electric vehicles participating in a recent test [12][14] - The National Energy Administration plans to conduct large-scale trials of the vehicle-to-grid model in key regions, aiming to establish over 30 demonstration projects by the end of 2025 [16] Group 4: Robotics in Industry - The application of intelligent robots in industrial settings is increasing, with robots now capable of performing inspection and maintenance tasks in hazardous environments, significantly improving efficiency [18] - New robotic systems can perform complex tasks traditionally done by humans, enhancing operational efficiency by over ten times compared to manual inspections [18]

中新网合肥9月20日电 (记者张俊韩苏原)2025世界制造业大会20日在安徽省合肥市开幕。大会共签约项 目735个，总投资3802亿元(人民币，下同)。 大会现场发布了一批安徽制造业领域的新技术、新产品，包括月球原位资源增材制造系统、超轻质可复 用火箭防热盾、高精度非侵入式脑机接口采集系统等。(完) 该大会以"智造世界·创造美好"为主题，超40个国家和地区的政府官员、企业代表、国际组织和商协会 负责人等嘉宾参会。斯洛伐克担任主宾国，河南省为主宾省。 （文章来源：中国新闻网） 斯洛伐克共和国经济部国务秘书弗拉基米尔·西蒙尼亚克表示，斯洛伐克与中国的合作涵盖制造业关键 领域，比如汽车、电子信息、机械制造等。斯洛伐克与安徽的产业结构相似，安徽制造业的发展对斯洛 伐克是一个很好的案例。 德国联邦中小企业联合会主席克里斯托夫·阿尔豪斯表示，当前位于德国乡村的精密零部件制造商正与 合肥的新能源车企展开合作，德国企业与包括中国在内的全球企业通过智能制造连接在一起。 大会围绕制造强国建设及安徽制造业"十四五"发展成就，设置10个综合展区。在大会首次设立的智能机 器人展区，现场搭建了工业制造、家庭服务等全真训练场景，心理健康服 ...