Core Viewpoint - Noli Intelligent Equipment Co., Ltd. is focusing on upgrading from traditional manual handling vehicles to new energy vehicles and further expanding into embodied intelligent robots, aiming to provide higher quality products and services [2][3]. Company Overview - Noli Intelligent Equipment Co., Ltd. was established in 2000, with its main production base located in Changxing, Zhejiang [3]. - The company has overseas production capabilities, having established factories in Malaysia in 2013 and Vietnam in 2019, becoming the first forklift manufacturer in the industry to have overseas production capacity [3]. - Noli was listed in 2015 and has since focused on the development of Automated Guided Vehicles (AGVs) in collaboration with Shanghai Jiao Tong University [3]. Recent Developments - The company held an investor conference call on July 3, 2025, discussing its strategic direction and future plans [2]. - The ongoing construction of the fifth phase factory in Changxing is expected to have a total capacity of 50,000 large vehicles, with the first phase of 30,000 vehicles anticipated to be completed in the fourth quarter of this year [2][4]. - Noli has been actively pursuing the development of embodied intelligent logistics robots and has hired robotics experts while collaborating with Zhejiang University’s Robotics Research Institute [2][3]. Financial Performance - In the previous year, the company reported revenue exceeding 6.9 billion RMB, with the forklift segment contributing 3.7 billion RMB, and the integrated segment generating approximately 3.2 billion RMB [3]. - The acquisition of Zhongding Intelligent in 2016 and the acquisition of French company SAVOYE in 2019 have been pivotal in transforming Noli into a comprehensive logistics production solution provider [3]. Market Position - As of July 11, 2025, Noli's stock price reached 22.75 RMB, reflecting a 6.16% increase from the previous week, with a market capitalization of 5.86 billion RMB [1]. - The company ranks 17th out of 28 in the engineering machinery sector and 2669th out of 5149 in the overall A-share market [1].

Group 1 - The stock price of Noli Co., Ltd. (603611) closed at 23.05 yuan on July 9, 2025, with an increase of 0.61% and a turnover rate of 8.51% [1] - On July 9, the net outflow of main funds was 16.56 million yuan, accounting for 3.23% of the total transaction amount, while the net inflow of speculative funds was 46.49 million yuan, accounting for 9.06% [2][4] - The company reported a revenue of over 6.9 billion yuan last year, with forklift revenue at 3.7 billion yuan, and the integrated segment revenue approximately 3.2 billion yuan [2] Group 2 - Noli Co., Ltd. was established in 2000, with its main production base located in Changxing, Zhejiang [2] - The company has expanded its operations internationally, establishing factories in Malaysia in 2013 and Vietnam in 2019, becoming the first forklift manufacturer in the industry to have overseas production capacity [2] - The subsidiary, Zhongding Intelligent, which was acquired in 2016, submitted its listing application to the Hong Kong Stock Exchange on May 9 this year and is currently under review [2][4]