埃斯顿（002747）(002747.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净利润3500万 元–5000万元，扭亏为盈;扣除非经常性损益后的净利润600万元–800万元。 报告期内，埃斯顿工业机器人出货量继续保持增长，特别在汽车、电子、锂电等行业持续突破，市场份 额进一步提升，公司国内营业收入较上年同期实现较好增长。 ...

Core Viewpoint - Estun Automation Co., Ltd. (referred to as "Estun") has submitted a second listing application to the Hong Kong Stock Exchange after a previous application lapsed in June 2025, aiming to leverage its position as a leading domestic industrial robot manufacturer in China [1][3]. Company Overview - Estun is a leading player in the Chinese industrial robot market, providing solutions to various manufacturing sectors including automotive, engineering machinery, and lithium battery industries. The company has maintained the highest shipment volume among domestic brands for several consecutive years [5]. - As of January 21, the total market capitalization of Estun was approximately 21.9 billion yuan [3]. Market Position - Estun achieved a historic milestone in the first half of 2025, surpassing foreign brands in domestic industrial robot shipments and ranking first in revenue among domestic companies. In 2024, Estun ranked sixth globally and in China by revenue, with market shares of 1.7% and 2%, respectively [5]. - The global industrial robot solutions market is projected to grow from $14.7 billion in 2020 to $25.4 billion in 2024, with a compound annual growth rate (CAGR) of 14.6%. The Chinese market is expected to grow from $6.9 billion to $12.7 billion during the same period, with a CAGR of 16.5% [10]. Financial Performance - Estun's revenue showed fluctuations during the reporting period from 2022 to 2025, with figures of 3.881 billion yuan, 4.652 billion yuan, 4.009 billion yuan, and 3.804 billion yuan, respectively. The net profit figures were 184 million yuan, 134 million yuan, -818 million yuan, and 30 million yuan, indicating a loss in 2024 [10][12]. - The company's gross margin has been declining, recorded at 32.9%, 31.3%, 28.3%, and 28.2% over the same period [13]. Product and Brand Portfolio - Estun has developed 95 types of industrial robots with payload capacities ranging from 3 kg to 1200 kg, including SCARA robots, collaborative robots, and specialized robots for various applications [11]. - The company owns multiple brands, including Estun, Cloos, Trio, and M.A.i, enhancing its capabilities in high-end motion control and intelligent manufacturing systems [6][7]. IPO Fund Utilization - The funds raised from the IPO are intended for expanding global production capacity, seeking strategic alliances, investing in R&D for next-generation industrial robot technologies, enhancing global service capabilities, repaying existing loans, and general corporate purposes [8].

每经AI快讯，埃斯顿1月21日晚间发布业绩预告，预计2025年归属于上市公司股东的净利润3500万元 ~5000万元，同比扭亏为盈。基本每股收益0.04元~0.06元。上年同期基本每股收益亏损0.93元。业绩变 动主要原因是，报告期内，埃斯顿工业机器人出货量继续保持增长，特别在汽车、电子、锂电等行业持 续突破，市场份额进一步提升，公司国内营业收入较上年同期实现较好增长。上年度公司计提资产减值 合计金额约4.66亿元，经初步测算，本年度预计不会发生重大资产减值事项。 （记者 曾健辉） 每经头条（nbdtoutiao）——重磅数据公布：回升！专访徐洪才："内卷式竞争"得到一定缓解，下一 步"补收入"可形成良性循环 ...

每经AI快讯，1月21日，埃斯顿（002747）(002747.SZ)发布2025年度业绩预告，预计归属于上市公司股 东的净利润为3,500万元–5,000万元，上年同期亏损81,044.45万元。报告期内，埃斯顿工业机器人出货量 继续保持增长，特别在汽车、电子、锂电等行业持续突破，市场份额进一步提升，公司国内营业收入较 上年同期实现较好增长。上年度公司计提资产减值(包括商誉等重大资产减值)合计金额46,646.73万元， 经初步测算，本年度预计不会发生重大资产减值事项。 ...

6G第一阶段技术试验形成超300项关键技术储备。 集成电路、电子专用材料等行业增加值同比分别增长26.7%、23.9%，工业机器人产量同比增长28%，新 能源汽车新车销量达1649万辆、同比增长28.2%。 1月21日，国新办举行新闻发布会，工业和信息化部介绍2025年工业和信息化发展成效。 2025年成绩单速览： 规模以上工业增加值同比增长5.9%，制造业增加值占GDP比重保持稳定，制造业规模有望连续16年保 持全球第一。 制造业数智化转型扎实推进，累计建成3.5万余家基础级、8200余家先进级、500余家卓越级智能工厂， 培育15家领航级智能工厂。 累计培育国家绿色工厂超8000家，规模以上工业单位增加值能耗、水耗不断降低。 张云明表示，一是底座持续夯实。国内企业发布多款人工智能芯片产品，智能算力规模达1590EFLOPS （每秒百亿亿次运算），行业高质量数据集加速涌现，国内大模型引领全球开源生态。据有关机构测 算，2025年我国人工智能企业数量超过6000家，核心产业规模预计突破1.2万亿元。 二是产品日益丰富。AI手机、AI电脑、AI眼镜等人工智能终端产品加快走进千家万户。2025年前三季 度，智能眼 ...

2025年，面对国内外形势深刻复杂变化，工业和信息化系统全面贯彻党的二十大和二十届历次全会精神，坚决扛牢实现新型工业化这个关键任务，工业经 济顶压前行、向新向优发展，实现质的有效提升和量的合理增长，全年主要目标任务顺利完成。一起通过"稳、进、新、活"四个关键字，解码2025年工业 和信息化发展新成效。 工业和信息化发展新成效 "进" 的步伐持续加快 工业和信息化发展新成效 规模以上装备制造业同比增长9.2% 高技术制造业增加值同比增长9.4% 累计建成3.5万余家基础级、8200余 家先进级、500余家卓越级智能工。 培育15家领航级智能工厂 累计培育国家绿色工厂超8000家 工业和信息化发展新成效 "新" 的动能持续壮大 6G第一阶段技术试验 形成超300项关键技术储备 集成电路、电子专用材料等行业 增加值同比增长26.7%、23.9% 工业机器人产量同比增长28% 新能源汽车新车销量达1649万辆 同比增长28.2% 航空、航天器及设备制造等行业 投资实现两位数增长 资料来源：国新办举行新闻发布会 （文章来源：人民网 ） ...

Core Viewpoint - The Chinese government is implementing a series of fiscal and financial policies aimed at boosting domestic demand, with a focus on increasing fiscal spending, supporting consumption, and enhancing residents' income through various channels [2][3][10]. Fiscal Policy Overview - In 2026, the fiscal deficit, total debt, and overall spending will be maintained at necessary levels, ensuring that overall spending increases and key areas are strongly supported [2][3]. - The deficit rate for 2025 is set at around 4%, with new government debt issuance expected to reach 11.86 trillion yuan, significantly higher than previous years [2]. Key Policies - The fiscal and financial package includes six policies, four of which focus on stimulating private investment, while the other two aim to promote consumption [5][10]. - Specific measures include loan interest subsidies for small and micro enterprises, personal consumption loans, equipment upgrade loans, and guarantees for private investment [5][7][8]. Support for Private Investment - A new special guarantee plan for private investment has been introduced, increasing the credit guarantee limit and risk-sharing ratio to encourage banks to lend more [6][10]. - The maximum guarantee amount for individual enterprises has been raised to 20 million yuan, with the government covering up to 40% of the risk [6]. Consumption Support Measures - Personal consumption loans will now benefit from a 1% interest subsidy, with the maximum subsidy amount per transaction increased from 500 yuan to 3,000 yuan [9]. - The scope of eligible consumption areas has expanded to include digital, green, and retail sectors, alongside existing categories [9]. Focus on Technology and Innovation - The government will prioritize support for technological self-reliance and innovation, with a 10% increase in central government spending on technology in 2025 [11]. - Policies will include tax incentives and financial support for technology innovation and integration with industry [11]. Regulatory Adjustments - Starting April 1, 2026, export tax rebates for certain products will be canceled to promote efficient resource use and reduce environmental impact [12]. - The government is committed to standardizing fiscal subsidies and addressing any irregularities in local subsidy practices [12][13]. Tax and Fiscal Reforms - Ongoing reforms will clarify fiscal responsibilities between central and local governments, particularly in public services [13]. - The tax system will be reformed to adapt to new economic realities, including the digital economy [13].

2025年，面对国内外形势深刻复杂变化，工业和信息化系统全面贯彻党的二十大和二十届历次全会精 神，坚决扛牢实现新型工业化这个关键任务，工业经济顶压前行、向新向优发展，实现质的有效提升和 量的合理增长，全年主要目标任务顺利完成。回顾2025年工业和信息化发展，呈现"稳""进""新""活"四 个特点。 中新网1月21日电 国务院新闻办公室21日上午举行新闻发布会，工业和信息化部副部长张云明介绍2025 年工业和信息化发展成效有关情况。 一是"稳"的态势持续巩固。坚持把发展经济的着力点放在实体经济上，出台新一轮十大重点行业稳增长 工作方案，支持工业大省挑大梁，有力拉动工业经济平稳增长。2025年，规模以上工业增加值同比增长 5.9%，制造业增加值占GDP比重保持稳定，制造业规模有望连续16年保持全球第一。电信业务总量同 比增长9.1%。工业和信息化领域对经济增长的贡献超四成，有效发挥"压舱石"作用。 二是"进"的步伐持续加快。锚定高质量发展这个首要任务不动摇，扎实推进制造业智能化、绿色化、融 合化发展。规模以上装备制造业、高技术制造业增加值同比分别增长9.2%、9.4%，增速高于规模以上 工业3.3个、3.5个百分 ...

Group 1 - The core viewpoint of the article highlights the achievements in industrial and information technology development in China by 2025, emphasizing qualitative improvements and reasonable quantitative growth in the industrial economy [1] - The industrial and information sectors contribute over 40% to economic growth, characterized by stability, progress, innovation, and vitality [1] Group 2 - The added value of large-scale equipment manufacturing and high-tech manufacturing industries increased by 9.2% and 9.4% year-on-year, respectively [6] - More than 35,000 basic-level, over 8,200 advanced-level, and over 500 excellent-level smart factories have been established, along with the cultivation of 15 leading smart factories [6] - A total of 8,000 national green factories have been cultivated [6] Group 3 - The first phase of 6G technology trials has resulted in the formation of over 300 key technology reserves [10] - The added value of the integrated circuit and electronic special materials industries increased by 26.7% and 23.9% year-on-year, respectively [10] Group 4 - The production of industrial robots increased by 28% year-on-year [11] - The sales of new energy vehicles reached 16.49 million units, representing a year-on-year growth of 28.2% [11] - 5G and optical networks have been integrated into 97 of the 100 national economic categories [11]

1月21日，国务院新闻办公室于举行新闻发布会，请工业和信息化部副部长张云明，工业和信息化部新闻发言 人、运行监测协调局局长陶青，工业和信息化部新闻发言人、信息通信发展司司长谢存介绍2025年工业和信 息化发展成效，并答记者问。 (图源：国新网） 华尔街见闻总结要点如下： 我国5G用户规模超12亿户，近期已启动第二阶段6G技术试验 发布会上介绍，我国已建成5G基站483.8万座，全国所有乡镇以及95%的行政村已通5G，我们建成了全球规模 最大、技术领先的信息基础设施。5G用户规模超12亿户。目前，我国5G标准必要专利声明量全球占比达 42%；6G研发已完成第一阶段技术试验，形成了超300项关键技术储备，近期已经启动了第二阶段6G技术试 验。 "含新量"不断提升，工信部发布一批新兴产业发展成果 发布会上介绍，一批"含新量"高的创新成果竞相涌现。实验室里的"好点子"源源不断转化为生产线上的"好产 品"。钙钛矿材料、永磁材料、动力电池等技术处于国际先进水平，新型网络、高速通信、先进计算、新兴软 件、区块链等技术加快迭代，基于新型量子技术的原子钟、磁力仪等样机研制成功，超导量子计算机、光量 子计算机实现量子优越性，这些 ...