例如，9月5日，江苏宝馨科技股份有限公司发布公告称，拟以1800万元参与苏州集萃智造机器人有限公 司（以下简称"苏州集萃"）增资扩股。此次增资完成后，公司将持有苏州集萃81.82%的股权，并将其纳 入合并报表范围。根据公告，苏州集萃凭借深厚的技术积淀、完整的产业闭环，以及在关键零部件与核 心技术领域的持续创新，已在机器人赛道展现出强劲竞争力。此次合作不仅能助力本地构建机器人产业 集群，推动区域产业转型升级，还将促进高端人才集聚与就业岗位创造，实现经济发展、社会进步与技 术突破的多重效益。 同日，上海新时达电气股份有限公司相关负责人在投资者互动平台上表示，公司计划于2025年底前推出 具身智能通用控制器，并同步推出具身/人形机器人整机。该整机以轮式类人形构型为核心开展定制化 本体研发，采用模块化设计，未来可实现轮式与足式切换；目前样机研发有序推进，预计年底前完成并 启动数据采集与训练，整机将采用自主制造模式。 不少企业选择卡位核心部件环节切入产业链。9月4日，广州中海达卫星导航技术股份有限公司相关负责 人称，截至6月30日，公司已成功获得国内两家具身智能机器人企业的IMU（惯性测量单元）产品定 点，并实现小批量 ...

Group 1: Company Overview and Technological Strengths - New Timesda has a 30-year accumulation of control technology, making it a rare company in the "brain" technology field [1] - The company has achieved horizontal iteration in specialized control and expanded into general control, accumulating extensive algorithms and software foundations across various downstream industries [1][2] - New Timesda's deep understanding of "embodiment" and "AI" positions it well to embrace technological transformations [2] Group 2: Data Utilization and Market Opportunities - The current iteration of robotics is hindered by data dependency on specific scenarios, which New Timesda aims to address through its collaboration with Haier, leveraging various consumer and industrial scenarios [2] - Haier's global brand influence and management model will enhance New Timesda's supply chain competitiveness and innovation capabilities [2] Group 3: Upcoming Product Launches - New Timesda plans to launch an embodied intelligent welding solution in September 2025, applicable in multiple industries, particularly shipbuilding [3] - The company aims to introduce an embodied intelligent universal controller and humanoid robots by the end of 2025, focusing on customizable designs and various operational scenarios [4] Group 4: Semiconductor Robotics Development - After three years of investment, New Timesda has developed a leading domestic semiconductor wafer transfer robot product matrix, covering eight series of products for different environments [5][6] Group 5: Competitive Landscape and Collaboration with Haier - New Timesda's business focuses on foundational products and control, complementing Haier's digital economy initiatives without direct competition [6] - The acquisition by Haier allows New Timesda to access rich application scenarios, enhancing data collection and product development capabilities [6]

Group 1 - The humanoid robot sector in A-shares experienced explosive growth, with multiple stocks hitting the daily limit up, including Qin Chuan Machine Tool, Longxi Co., Giant Wheel Intelligent, and Zhejiang Rongtai [1] - Several listed companies disclosed progress in humanoid robot-related businesses, such as Jiechang Drive's development of linear actuators and joint modules, and New Times' plans to launch a general-purpose controller by the end of 2025 [2] - Zhejiang Rongtai announced a stock trading anomaly due to a cumulative price increase exceeding 20% over three trading days, confirming stable operations and no undisclosed significant information [3] Group 2 - New Times highlighted its unique position in the field of embodied intelligence, focusing on customized development for industrial applications and planning to provide complete machine products in humanoid robotics [2] - Zhejiang Rongtai has been active in the robotics sector, acquiring stakes in companies related to intelligent robotics and establishing a wholly-owned subsidiary in Jiaxing [3] - As of June 30, 2025, notable shareholder Zhang Jianping held 3.00% of Zhejiang Rongtai's shares, entering the top ten circulating shareholders [3]

Group 1 - The company plans to launch a general controller for embodied intelligence by the end of 2025 [2] - The focus is on industrial applications, specifically developing customized humanoid robots with a wheeled configuration [2] - The product will feature modular design allowing for switching between wheeled and footed configurations, with prototype development progressing as scheduled [2] Group 2 - The main applications for the new product include adaptive grasping robot sorting systems, smart welding, flexible automated PCB quality inspection, and dual-arm collaborative assembly [2] - Data collection and training for these applications are expected to be conducted using the developed prototypes by the end of the year [2]

Core Viewpoint - Shanghai Xinshi Technology Co., Ltd. (hereinafter referred to as "Xinshi") is initiating a private placement financing plan after being acquired by Haier Group, despite having reported losses for three consecutive years totaling over 1.72 billion yuan [3][7]. Financing and Control - Xinshi plans to issue 153 million shares to its controlling shareholder, Haier Kaos Industrial Intelligence Co., Ltd., raising approximately 1.219 billion yuan [3][5]. - Following the financing, Haier Kaos will hold 26.83% of Xinshi's total shares, further consolidating Haier Group's control over the company [5]. - The new board of directors consists of 9 members, with 5 non-independent directors having backgrounds in Haier Group, indicating a strong influence from Haier [4]. Financial Performance - Xinshi has reported a projected net profit of 1.55 to 2.3 million yuan for the first half of 2025, a turnaround from a loss of 18.75 million yuan in the same period last year [6]. - Despite the expected profit, the company anticipates a non-recurring net loss of approximately 15.25 to 16 million yuan for the same period [6]. - The company has faced significant losses in the past three years, with net profits of -1.057 billion yuan in 2022, -379 million yuan in 2023, and -288 million yuan in 2024, totaling 1.724 billion yuan [7]. Strategic Collaboration - Xinshi aims to enhance its profitability by collaborating with Haier Group to strengthen the industrial automation supply chain and optimize production processes [3][8]. - The partnership is expected to leverage Xinshi's hardware capabilities in industrial automation and Haier's industrial internet platform to provide comprehensive digital solutions [8]. Robotics Sector Investment - Xinshi is increasing its investment in the humanoid robotics sector, planning to launch a general-purpose controller and a complete humanoid robot by 2025 [9]. - The company anticipates significant cost reductions in hardware, positioning its control systems as a core competitive advantage in future technological iterations [9].

Core Viewpoint - The A-share market has shown a positive trend with significant gains in various sectors, particularly in optical modules and semiconductor companies, driven by strong institutional interest and promising earnings forecasts [2][3][4]. Market Performance - During the week of July 14 to 18, the three major A-share indices continued to rise, with the Shanghai Composite Index increasing by 0.69% to close at 3534.48 points, the Shenzhen Component Index rising by 2.04%, and the ChiNext Index gaining 3.17% [2]. Hot Topics - The market experienced rapid rotation of hot topics, with sectors such as optical modules (CPO), innovative drugs, rare earths, generic drugs, and weight loss drugs performing notably well [3]. Institutional Research - Institutional research remained active, with 160 listed companies disclosing research summaries. Approximately 70% of these companies achieved positive returns, with New Yisheng's stock price increasing by over 39% and several others, including Zhongdali De and Hengshuai, rising by over 20% [3]. Optical Module Sector - The optical module sector emerged as a leading theme, largely due to strong earnings forecasts from key companies. New Yisheng, which saw the highest stock price increase among researched companies, projected a net profit of 3.7 billion to 4.2 billion yuan for the first half of 2025, representing a year-on-year growth of 327.68% to 385.47% [4]. - Zhongji Xuchuang, another key player in the optical module sector, expects a net profit of 3.6 billion to 4.4 billion yuan for the same period, reflecting a year-on-year increase of 52.64% to 86.57% [4]. AI and Optical Module Demand - Zhongji Xuchuang indicated that demand for 800G optical modules is expected to grow in the second half of the year, with a gradual increase in 1.6T demand as well [5]. Robotics and Semiconductor Developments - New Times Technology hosted 95 institutional visits focusing on humanoid robot advancements and collaboration with Haier. The company plans to launch a general controller for humanoid robots by 2025 [6]. - Wenta Technology, which received 84 institutional visits, projected a net profit of 390 million to 585 million yuan for the first half of 2025, marking a year-on-year increase of 178% to 317% [6]. Management Changes - Wenta Technology recently announced the resignation of its chairman, vice president, and secretary, stating that the company will focus on its semiconductor business and enhance its management team with experienced professionals in the field [7].

Core Viewpoint - The article highlights the strong performance of the optical module sector in the A-share market, driven by significant growth in companies like New Yisheng and Zhongji Xuchuang, which are benefiting from increased demand for AI-related computing power investments [3][5]. Group 1: Market Performance - During the week of July 14 to 18, the A-share market indices continued to rise, with the Shanghai Composite Index increasing by 0.69% to close at 3534.48 points, the Shenzhen Component rising by 2.04%, and the ChiNext Index gaining 3.17% [3]. - The optical module sector emerged as a leading theme, with several companies in the sector reporting strong earnings forecasts, contributing to the overall market momentum [4][5]. Group 2: Institutional Research - A total of 160 listed companies disclosed institutional research minutes during the week, with approximately 70% of these companies achieving positive returns [3]. - New Yisheng was the most favored stock among institutions, with a price increase of over 39% and 139 institutions conducting research on the company [5]. Group 3: Company Highlights - New Yisheng expects to achieve a net profit of 3.7 billion to 4.2 billion yuan for the first half of 2025, representing a year-on-year growth of 327.68% to 385.47% due to the ongoing investment in AI-related computing power [5]. - Zhongji Xuchuang anticipates a net profit of 3.6 billion to 4.4 billion yuan for the same period, reflecting a year-on-year increase of 52.64% to 86.57%, driven by strong demand for high-end optical modules [6]. - New Shida is also gaining attention, with 95 institutions conducting research, focusing on its humanoid robot advancements and collaboration with Haier [6][7]. Group 4: Semiconductor Sector - Wentai Technology expects a net profit of 390 million to 585 million yuan for the first half of 2025, an increase of 178% to 317% year-on-year, supported by growth in its semiconductor business [8]. - The company is undergoing a strategic shift to focus on its semiconductor operations, following the resignation of several key executives [8].

Market Overview - A-shares continued to rise during the week of July 14-18, with the Shanghai Composite Index increasing by 0.69% to close at 3534.48 points, the Shenzhen Component Index rising by 2.04%, and the ChiNext Index up by 3.17% [1] - Market hotspots included rapid rotation among themes such as optical modules (CPO), innovative drugs, rare earths, generic drugs, and weight loss drugs [1] Institutional Research - High levels of institutional research activity were maintained, with 160 listed companies disclosing research summaries by July 18, 70% of which achieved positive returns during the week [1] - Notable stock performances included New Yisheng (300502) with a rise of over 39%, and other companies like Zhongdali De (002896) and Hengshuai Co. (300969) seeing increases of over 30% and 20% respectively [1] Optical Module Sector - The optical module sector emerged as a leading theme, driven by strong performance forecasts from several companies [2] - New Yisheng, the top performer in institutional research, is expected to achieve a net profit of 3.7 billion to 4.2 billion yuan for the first half of 2025, representing a year-on-year growth of 327.68% to 385.47% [2] - The company is expanding production capacity in response to customer demand, with its Thailand factory's first phase completed in the first half of 2023 and the second phase expected to be operational by early 2025 [2] Market Demand Insights - Zhongji Xuchuang, another key player in the optical module sector, anticipates a net profit of 3.6 billion to 4.4 billion yuan for the first half of 2025, reflecting a year-on-year increase of 52.64% to 86.57% [2] - The company attributes its growth to strong capital expenditure and increased sales of high-end optical modules, particularly 800G and 1.6T products [3] Robotics Sector - New Shida (002527) engaged with 95 institutions, focusing on humanoid robot advancements and strategic collaborations with Haier [3] - The company plans to launch a general-purpose controller for humanoid robots by 2025 and aims to integrate deeply with Haier's industrial internet platform [3] Semiconductor Sector - Wentai Technology (600745) hosted 84 institutional research meetings, forecasting a net profit of 390 million to 585 million yuan for the first half of 2025, an increase of 178% to 317% year-on-year [4] - The company reported growth in both revenue and net profit in its semiconductor business for Q2, with positive order trends for Q3 [4] - Recent leadership changes were noted, with the company focusing on its semiconductor business to enhance predictability and global competitiveness [4]

Group 1: Company Overview and Strategic Collaboration - New Times has been focusing on control technology for 30 years, making it one of the few listed companies that has developed from control technology and achieved horizontal iteration in this field [2] - The collaboration with Haier aims to leverage each other's strengths to address technical pain points and promote the widespread application of smart manufacturing solutions [2] - Haier's global brand influence and management model will enhance New Times' supply chain competitiveness and innovation capabilities [3] Group 2: Technological Advancements and Product Development - In 2025, New Times plans to launch a general controller for embodied intelligence and introduce a complete machine in the humanoid robot sector [3] - The core of AI-related applications lies in software, and New Times has a deep understanding of "intelligence," positioning it well to embrace future changes [2] Group 3: Financial Strategies and Market Positioning - The pricing for the company's upcoming issuance is based on the average trading price of the stock over the 20 trading days prior to the pricing benchmark date, set at 80% of that average [3] - Haier will assist New Times in enhancing profitability and market value by integrating supply chain resources and optimizing production processes [3] Group 4: Investor Relations and Engagement - The investor relations activity took place on July 17, 2025, from 14:00 to 16:00 at the factory meeting room [2] - Participants included various securities firms and investment funds, indicating a broad interest in New Times' strategic direction and performance [1]