Core Insights - Junpu Intelligent (stock code: 688306.SH) reported significant growth in new orders and gross margin in Q3 2025, focusing on core business and strategic emerging industries [1][2] - The company achieved a total of 1.881 billion yuan in new orders for the first three quarters, a year-on-year increase of 37.32%, with a gross margin of 20.29%, up 1.06 percentage points from the previous year [1][2] Business Expansion and Order Acquisition - In the first three quarters, Junpu Intelligent secured new orders totaling 1.881 billion yuan across various sectors, including healthcare, high-end consumer goods, and new energy vehicles, with a backlog of 3.738 billion yuan [2] - Notable projects include high-precision insulin pen marking for a leading domestic pharmaceutical company and assembly testing for HIV detection products for a major medical device firm [2] - The company also received orders for assembly testing from a German high-end kitchen appliance brand and a well-known American razor manufacturer, as well as production line orders for a global leading parts company in the new energy vehicle sector [2] Strategic Emerging Industry Layout - Junpu Intelligent has developed a comprehensive technology capability for embodied intelligent robots, enabling self-controlled research and production from humanoid robot development to complete machine production [3] - The company launched its first production line at Ningbo Puzhi Future Robot Co., achieving an annual capacity increase from 1,000 to over 3,000 units, with over 200 robots already produced [3] - A government-supported innovation center for embodied intelligent robots has been established to promote technology research, scene testing, and industrial collaboration [3] Research and Development Investment - In Q3 2025, Junpu Intelligent's R&D investment increased significantly by 70.32%, totaling 49.1122 million yuan for the first three quarters [7] - The company is focusing on AI and embodied intelligent robots in industrial applications, aiming to become a leader in "AI + automation" [7] - The chairman explained that revenue fluctuations are primarily due to project execution cycles, with major projects impacting quarterly revenue [7]