Core Viewpoint - Qiteng Robotics aims to acquire controlling interest in Shengtong Energy through a combination of "agreement transfer + partial tender offer" [1][23] - Concerns arise regarding Qiteng Robotics' financial strength and the potential instability of the controlling interest due to the involvement of private equity firms [1][11] - Shengtong Energy has been confirmed by regulators to have inaccurate financial data, raising questions about the impact on the transaction [1][14] Group 1 - Shengtong Energy's stock price surged 213.97% from December 12 to December 29, leading to a suspension for investigation due to abnormal trading [3][25] - The original controlling shareholder of Shengtong Energy plans to transfer 29.99% of shares to Qiteng Robotics at a price of 13.28 yuan per share, while also making a partial tender offer for an additional 15% of shares [4][26] - The total funding required for the acquisition is approximately 1.72 billion yuan, with Qiteng Robotics needing to secure this capital [6][28] Group 2 - Qiteng Robotics has a total asset scale of 1.55 billion yuan, with a net asset of only 513 million yuan, raising concerns about its ability to finance the acquisition [7][32] - The acquisition structure involves private equity firms contributing 40% of the funding, while Qiteng Robotics covers 60% [9][29] - The private equity firm Shanghai Chengyi has seen a significant reduction in its management scale, which may affect the stability of the controlling interest [11][32] Group 3 - Shengtong Energy has received regulatory measures due to violations in revenue recognition, which could lead to further scrutiny and impact the acquisition [14][35] - The company must submit a written rectification report to the regulatory authority within 30 days following the administrative measures [18][38] - The potential adjustments to Shengtong Energy's financial data remain uncertain, which could affect the acquisition's viability [19][39]

在技术层面，企业产品自主研发率达90%以上，内置的自研AI工控机，可提供高达100 TOPS-200 TOPS 的算力，保障机器人在高温、高危环境中稳定运行。公司还推出了全行业首个工业化工大模型，集成 500多种智能算法，推动"终端—边端—云端"协同与具身智能技术落地，显著提升了复杂场景下的实时 分析与决策能力。 面向"十五五"，七腾机器人方面表示，将继续聚焦人形与足式机器人本体技术深耕，深化工业巡检具身 智能、无边际导航、工业化工多模态大模型等前沿技术攻关。同时在产业布局上，还将横向延伸至酒 业、灾害应急、能源、边防、安全巡逻、物流仓储、冷链等领域，将更多科技成果转化为产业发展成 果。 此次成就展不仅是"十四五"中国制造辉煌成果的集中呈现，也勾勒出未来产业创新升级的清晰路径。以 七腾机器人为代表的一批科技企业，正以扎实的研发积累与场景化的产品创新，持续夯实制造强国之 基，赋能新质生产力蓬勃成长。 （文章来源：中国经营报） 回顾"十四五"发展历程，七腾机器人北京公司副总经理王承承表示，公司紧紧抓住政策机遇，实现了 从"跟跑"到"领跑"的转型升级。2024年，企业凭借防爆巡检四足机器人入选中央广播电视总台"20 ...

继公司股票12连板后，胜通能源（001331）股份有限公司(以下简称"胜通能源")12月29日晚公告称，公 司股票价格自2025年12月12日至12月29日期间涨幅达213.97%，期间多次触及股票交易异常波动，股价 短期涨幅较大，已严重背离公司基本面。为维护投资者利益，公司将就股票交易波动情况进行停牌核 查。 经申请，公司股票自2025年12月30日(星期二)开市起停牌，自核查结束并披露核查公告后复牌，预计停 牌时间不超过3个交易日。 中关村物联网产业联盟副秘书长袁帅对《证券日报》记者表示，收购方七腾机器人是国内专注于防爆巡 检机器人等产品的国家级高新技术企业，近年来业绩呈现增长态势。其跨界入主胜通能源，引发了市场 对双方未来产业协同空间的广泛猜测。 面对连续涨停，胜通能源在多次《股票交易异常波动公告》中反复强调，公司自身不涉及机器人业务， 主营业务仍为液化天然气采购、运输及销售，且收购方无重组计划。本次股份转让事项还存在资金审 批、豁免限售等多重不确定性。 收购方七腾机器人参与本次收购的资金来源为自有资金及自筹资金，截至目前，自筹资金的申请仍在审 批阶段，能否成功尚存在不确定性。 业绩方面，10月29日， ...

Investment Rating - The report assigns a "Buy-A" investment rating to the company with a 12-month target price of 114 yuan [5][8]. Core Insights - The company has successfully transitioned from police equipment to military models, focusing on special robots and intelligent perception as its two main businesses. It has developed various special robots for reconnaissance, bomb disposal, and nuclear detection, winning multiple bids [2][3]. - The company is positioned as a core supplier for intelligent grouping of manned and unmanned equipment, enhancing situational awareness and operational effectiveness in military applications [3][4]. - The company has strategically entered the overseas market, benefiting from the rapid growth of the drone export market, with monthly export values increasing from 10-20 billion yuan to 30-40 billion yuan [4]. Financial Projections - The company is expected to achieve net profits of 0.21 billion yuan, 0.62 billion yuan, and 1.53 billion yuan for the years 2025, 2026, and 2027, with growth rates of turning profitable, 202%, and 146% respectively [5]. - The company's revenue is projected to grow from 0.225 billion yuan in 2023 to 0.980 billion yuan in 2027, with a significant recovery anticipated in 2025 [6][22]. Business Analysis - The company has been deeply engaged in the "intelligent perception + robotics" sector for over a decade, with a focus on military trade and technology reserves since 2016 [15][19]. - The company has developed a range of special robots and intelligent perception devices, with a strong market presence and competitive edge in the domestic and international markets [36][40]. - The company is actively expanding into simulation and intelligent manufacturing sectors, which are expected to contribute to balanced revenue streams [25][27]. Market Position - The global special robot market is projected to grow from 5.9 billion USD in 2020 to 13.3 billion USD in 2025, with the Chinese market expected to increase from 12.1 billion yuan to 29.9 billion yuan in the same period [40][41]. - The company is recognized as a key player in the intelligent perception equipment sector, with capabilities in developing complex optical reconnaissance devices and a comprehensive product range [42][43].

人民财讯12月29日电，中共甘肃省委关于制定国民经济和社会发展第十五个五年规划的建议发布。其中 提到，加快培育未来产业。实施未来产业创新发展行动，绘制未来产业发展图谱，建立未来产业投入增 长和风险分担机制，探索多元技术路线、典型应用场景、可行商业模式，培育未来制造、未来信息、未 来能源、未来材料、未来空间、未来健康等产业。继续推进钍基熔盐堆项目建设，强化关键装备、关键 材料配套，加快核技术应用等关联产业发展。发展量子测量、量子通信、量子计算等业态，培育孵化量 子科技产业和初创企业。面向智能制造、智慧物流、安全应急等领域，加强特种机器人研发制造，推动 制造业、服务业多场景示范应用。瞄准医疗、康复等应用方向，推动脑机接口技术研发和产业化。聚焦 生物农业、生物材料等领域，推动生物制造产业向中端壮大、向高端突破。 ...

来源：36氪 七腾机器人，16亿买下一家上市公司。 文｜刘燕秋 封面来源｜企业官方 这世上本没有路，走的人多了，便就成了路——这个道理在资本市场上也说得通。继智元机器人入主上纬新材和中昊芯英买下天普股份后，又一笔"一级 买二级"的交易浮出水面。 近日，胜通能源发布核心股权变动公告：七腾机器人及其一致行动人拟合计斥资超16亿元，以协议转让+要约收购方式入主胜通能源。本次交易完成后， 胜通能源控股股东将正式变更为七腾机器人，实际控制人同步为朱冬。 本次交易的两个主角，胜通能源是一家主业稳定的传统业务公司，主要通过国内、国际市场开展LNG（液化天然气）业务，并投资经营LNG加气站等终 端业务。2025年前三季度，胜通能源实现营业收入45.13亿元，同比增长21.34%；归母净利润4439万元，同比增长83.58%。 七腾机器人，则是深耕高危场景的特种机器人领域的隐形冠军。2024年营收达9.54亿元，净利润1.23亿元，净利率12.9%。根据实朴检测此前公告，这家 公司间接持有七腾机器人1.5%的股权，交易金额不高于6300万元，由此推算七腾机器人估值约41.6亿元。 七腾与胜通能源在液化天然气场景、工业客户群体上 ...

以下文章来源于投中网 ，作者刘燕秋 七腾与胜通能源在液化天然气场景、工业客户群体上存在天然协同性，有望通过上市公司平台实现技术落地和市场拓展。如果这笔交易顺利落地，1989年 出生的创始人朱冬将成为重庆史上最年轻的上市公司实际控制人。 投中网 . 投中网是领先的创新经济信息服务平台，拥有立体化传播矩阵，为创新经济人群提供深入、独到的智识和洞见，在私募股权投资行业和创新商业领域拥有 权威影响力。官网：www.chinaventure.com.cn 七腾机器人，16亿买下一家上市公司。 文 ｜ 刘燕秋 来源｜ 投中网（ID：China-Venture） 封面来源 ｜ 企业官方 这世上本没有路，走的人多了，便就成了路——这个道理在资本市场上也说得通。继智元机器人入主上纬新材和中昊芯英买下天普股份后，又一笔"一级 买二级"的交易浮出水面。 近日，胜通能源发布核心股权变动公告：七腾机器人及其一致行动人拟合计斥资超16亿元，以协议转让+要约收购方式入主胜通能源。本次交易完成后， 胜通能源控股股东将正式变更为七腾机器人，实际控制人同步为朱冬。 本次交易的两个主角，胜通能源是一家主业稳定的传统业务公司，主要通过国内、国际市场 ...

Core Viewpoint - The stock price of Victory Energy Co., Ltd. has significantly deviated from its fundamentals, with a warning of potential rapid decline in the future due to abnormal trading fluctuations [1][4]. Group 1: Stock Performance and Valuation - As of December 22, the company's stock price reached a new high of 28.75 yuan per share, marking a total increase of seven consecutive trading days, with a total market capitalization of approximately 8.114 billion yuan [4]. - The static price-to-earnings (P/E) ratio was reported at -436.78 times based on the closing price of 26.14 yuan on December 19, while the industry average P/E ratio for gas production and supply was only 18.01 times, indicating a significant valuation disparity [4]. - The stock price surge is attributed to the planned change in control of the company, which has led to a cumulative price deviation exceeding 20% over two trading days [4]. Group 2: Financial Performance - Financial data indicates that the company has reported negative net profits for 2023 and 2024, with a projected revenue of 5.348 billion yuan in 2024 but a net loss of 16.8911 million yuan attributed to shareholders [5]. - In the first three quarters of 2025, the company achieved a net profit of 44.394 million yuan, showing signs of recovery [5]. Group 3: Control Change and Acquisition - The controlling shareholder and actual controller signed a share transfer agreement to transfer 29.99% of the company's total shares to Qiteng Robotics, which plans to acquire an additional 15% through a partial tender offer [6]. - The share transfer price was set at 13.28 yuan per share, which is lower than the pre-suspension closing price, and some existing shareholders have expressed interest in the tender offer [6]. - Qiteng Robotics is a high-tech enterprise specializing in the design, research, production, and sales of special robots, with potential synergies in the LNG industry due to safety production needs [7][10]. Group 4: Business Commitments and Future Outlook - The original controlling shareholder has committed to maintaining positive net profits for the company's existing business over the next three years, or else provide cash compensation [10]. - Qiteng Robotics has stated that there are no significant plans for major asset restructuring or reverse mergers within the next 12 months, suggesting stability in the company's main business structure in the short term [11]. - The control change transaction is subject to approval from the State Administration for Market Regulation and compliance confirmation from the Shenzhen Stock Exchange, with uncertainties regarding the outcome of shareholder requests for voluntary share lock-up waivers [11].

12月19日，A股液化天然气物流龙头胜通能源（001331）再度涨停，续创历史新高。至此，该股已连续6个交易日涨 停。本周市场超2900股上涨，24股涨幅超30%。其中，胜通能源涨幅最大。 面对股价连续涨停，胜通能源于12月16日发布股票交易异常波动公告，并对相关事项进行核查说明。 胜通能源股价"起飞"，或源于前几天刚刚公布的控股权变更方案。 12月11日，胜通能源(001331.SZ)公告一系列控制权变更事项，商用特种机器人企业七腾机器人及其关联方或斥巨资入 主。 据21世纪经济报道发现，在A股IPO节奏偏慢，而港股IPO又"大排长龙"的当下，协议转让与控制权变更，成为了许多 科技企业IPO"曲线救国"的手段。 又一个上纬新材？胜通能源六连板，16亿易主特种机器人龙头 2025年12月11日，胜通能源(001331.SZ)披露重磅公告，重庆特种机器人企业七腾机器人有限公司(简称"七腾机器人") 拟通过"协议受让+部分要约收购"方式，合计斥资超16亿元持有胜通能源最多44.99%股份，成为控股股东。 胜通能源成立于2012年，于2022年登陆A股，主营业务为LNG采购、运输、销售以及原油运输服务。今年前三季度 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 12月19日，A股液化天然气物流龙头胜通能源（001331）再度涨停，续创历史新高。至此，该股已连续 6个交易日涨停。本周市场超2900股上涨，24股涨幅超30%。其中，胜通能源涨幅最大。 面对股价连续涨停，胜通能源于12月16日发布股票交易异常波动公告，并对相关事项进行核查说明。 胜通能源股价"起飞"，或源于前几天刚刚公布的控股权变更方案。 12月11日，胜通能源（001331.SZ）公告一系列控制权变更事项，商用特种机器人企业七腾机器人及其 关联方或斥巨资入主。 据21世纪经济报道发现，在A股IPO节奏偏慢，而港股IPO又"大排长龙"的当下，协议转让与控制权变 更，成为了许多科技企业IPO"曲线救国"的手段。 又一个上纬新材？胜通能源六连板，16亿易主特种机器人龙头 彼时，关于智元机器人筹划借壳上纬新材实现上市的观点不绝于耳。尽管智元与上纬新材方面再三声明 并提示风险，称短期无借壳计划，上纬新材股价依旧不断计入智元机器人重组上市之预期。 截至12月19日收盘，上纬新材股价报98.10元/股，较此前7元/股左右股价上涨14倍，最高则一 ...