Group 1 - The Robot ETF (562500) has seen a 0.67% increase, with a maximum rise exceeding 1% during trading, indicating strong market interest [1] - Key holdings include Zhongdali De, which hit a 10% limit up, and other companies like Greentech Harmony and Nanjing Network Technology showing significant gains [1] - The liquidity in the market is robust, with over 560 million yuan traded in the first half hour, and the Robot ETF attracted 362 million yuan in the previous trading day, significantly outperforming comparable funds [1] Group 2 - Dongfang Securities highlights that increased dexterity in robotic hands will lead to higher product value due to the need for more actuators and structural upgrades [2] - The Robot ETF (562500) is the only robot-themed ETF in the market with a scale exceeding 10 billion yuan, covering various segments including humanoid robots and industrial robots [2] - The ETF provides investors with a streamlined way to invest in the entire robot industry chain, enhancing accessibility to the market [2]

Core Viewpoint - The company, Tuosida, is experiencing significant growth in its product-related business, driven by its strategic focus on product development and project reduction, with a notable increase in revenue and profit margins [1] Financial Performance - In the first half of 2025, Tuosida's product-related business revenue increased by 22.66% year-on-year, with a gross margin of 38.83%, showing a slight improvement [1] - Revenue from industrial robots specifically grew by 22.55% year-on-year [1] Product Development - Tuosida has made progress on its first humanoid robot, "Xiao Tuo," developed in collaboration with Zhipu, which features an embodied large model [1] - The robot has successfully completed multiple rounds of verification in injection molding workshops, capable of real-time detection of injection part quality and autonomous loading, achieving full-process automation from detection to operation [1] - The development of "Xiao Tuo" demonstrates the feasibility of humanoid robots in industrial applications and reflects the company's capability in creating a closed-loop system of technology, manufacturing, products, and scenarios [1]

Core Insights - Guangdong Tuosida Technology Co., Ltd. hosted a site visit for 38 institutional investors, including Bosera Asset Management and Caitong Securities, on September 12, 2025, showcasing its strategic focus on product development and business restructuring [1] Group 1: Business Performance - In the first half of 2025, the company's product business experienced significant growth, with revenue increasing by 22.66% year-on-year and a gross margin of 38.83%, reflecting a slight year-on-year increase [1] - The industrial robot segment saw a revenue increase of 22.55%, with self-manufactured multi-joint industrial robots revenue soaring by 80.86%, and Cartesian robots revenue rising by 21.01% [1] Group 2: Product Development - The company's first humanoid robot, "Xiao Tuo," demonstrates industrial application potential, capable of autonomous reasoning and decision-making for complex tasks, having completed multiple validations in injection molding workshops [1] - "Xiao Tuo" integrates a 3D camera and AI visual inspection system to identify the quality of injection molded parts in real-time and autonomously perform operations, showcasing the potential for full-process automation in industrial settings [1] Group 3: Competitive Advantages - The development of humanoid robots highlights the advantages of the company's CNC machine tool business, as high-precision components like joint arms and brackets require advanced manufacturing capabilities [1] - The DMU/GMU400 and GMU600 models exhibit unique advantages and competitiveness in processing components for humanoid robots [1] Group 4: Technological Advancements - The company is investing in three core technologies: controllers, servo drives, and visual technology, to create a multi-driven system that integrates "scene + data + AI" [1] - The new generation X5 motion controller hardware has been optimized for high-end applications, with over 500 underlying functional interfaces available, integrating with mainstream AI models and simulation systems for advanced applications [1]

Group 1: Financial Performance - In the first half of 2025, the company's product business revenue increased by 22.66% year-on-year, with a gross margin of 38.83%, showing slight growth compared to the previous year [2] - The industrial robot business revenue grew by 22.55% year-on-year, with self-produced multi-joint industrial robots seeing an impressive revenue increase of 80.86% [2] - The revenue from injection molding machines, supporting equipment, and automatic feeding systems decreased by 0.87%, while the revenue from supporting equipment and automatic feeding systems increased by 29.64% [3] Group 2: Product Development - The company's first humanoid robot product, "Xiao Tuo," is capable of autonomous reasoning and decision-making for complex tasks, demonstrating the potential of humanoid robots in industrial applications [4] - "Xiao Tuo" integrates a 3D camera and AI visual inspection system to identify the quality of injection molded parts in real-time, achieving full-process automation from inspection to operation [4] Group 3: Impact on CNC Machine Tool Business - The development of humanoid robots poses challenges in design, materials, and manufacturing processes, requiring complex components that can be efficiently produced using five-axis CNC machine tools [5] - The DMU/GMU400 and GMU600 models exhibit unique advantages and competitiveness in processing components for humanoid robots [5] Group 4: Future Strategies in Embodied Intelligence - The company plans to invest in three core technologies: controllers, servo drives, and visual technology, to build a multi-driven system integrating "scenes + data + AI" [6] - The focus will be on enhancing collaboration with AI large model vendors to promote the iterative development and industrial application of intelligent equipment in structured industrial scenarios [6] Group 5: Intelligent Motion Control System - The new generation X5 motion controller has undergone multiple iterations to achieve reliable commercial productization, supporting various mainstream AI computing platforms [7] - The application software platform adopts a cloud-edge-end architecture, providing over 500 underlying functional interfaces and deep integration with mainstream AI large models and simulation systems [8]

Core Viewpoint - The company,拓斯达, aims to strengthen and expand its core business while focusing on high-end intelligent equipment and the application of artificial intelligence in manufacturing scenarios [1] Group 1: Company Development - The chairman, 吴丰礼, outlined the future development direction of the company during the "拓斯达全球开放日2025" event [1] - The company plans to integrate humanoid robots deeply with processes and scenarios to address practical application challenges [1] Group 2: Product Launch - The CEO of 矩阵智拓, 黄晶, officially launched the first humanoid robot "小拓" aimed at the injection molding industry [1] - This launch signifies a critical step in the application of humanoid robots in industrial settings [1]