Core Viewpoint - Haosen Intelligent reported a significant decline in revenue and net profit for the first half of 2025, primarily due to challenges in customized non-standard intelligent production lines and increased competition in the downstream market [1][2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 843 million yuan, a year-on-year decrease of 13.68% [1]. - The net profit attributable to the parent company was -151 million yuan, representing a year-on-year decrease of 1600.90% [1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -143 million yuan [1]. Operational Challenges - The company's losses were attributed to difficulties in project implementation, technical solutions, and customer requirements, along with intensified market competition, leading to a decline in gross and profit margins [2]. - High asset impairment losses, mainly from overseas projects, and credit impairment losses related to increased competition and aging accounts receivable also impacted profitability [2]. Strategic Initiatives - The company plans to enhance operational management, expand overseas markets, improve production efficiency, and strengthen cost control to boost profitability [2]. - Measures include exploring new industry applications, increasing capacity utilization in aligned fields such as axial motors and solid-state batteries, and enhancing strategic cooperation with clients to stabilize and predict orders [2]. Technological Development - Haosen Software, a key part of the company's intelligent manufacturing business, has contributed stable revenue and is focused on R&D and market expansion, with no current plans for independent listing [3]. - The company has identified over 40 suitable industrial production scenarios for embodied intelligent robots and is developing specialized humanoid robots for various applications [3][4]. - Recent achievements include the approval of two invention patents related to humanoid robot assembly processes and testing equipment, and a silver award at the 50th Geneva International Invention Exhibition for a collaborative project with Hohai University [4].

Core Viewpoint - Haosen Intelligent is currently collaborating with several leading industry clients and robot manufacturers to develop specialized humanoid robots for various processes such as tightening, gluing, leak testing, handling, sorting, and welding [1] Group 1: Collaboration and Development - The company is working with multiple top-tier clients and robot manufacturers [1] - Development focuses on humanoid robots tailored for specific processes, including tightening, gluing, and leak testing [1] - The collaboration aims to explore the integration of these humanoid robots with existing production line equipment [1]

Core Viewpoint - Haosen Intelligent (688529) reported a decline in revenue and net profit for the year 2024, primarily due to delays in order acceptance and increased competition in the domestic automotive market [1][2] Group 1: Financial Performance - The company achieved a revenue of 1.809 billion yuan and a net loss of 87.9198 million yuan for the reporting period [1] - New orders signed during the reporting period amounted to 1.541 billion yuan, indicating a decrease in new orders due to various market challenges [2] Group 2: Market Conditions - The decline in new orders is attributed to the reduction or cancellation of subsidies for new energy vehicles in Europe, a slowdown in the transformation of major automotive manufacturers in Europe and the U.S., and ongoing price wars in the domestic market [2] - The company anticipates that the impact of subsidy reductions will diminish as the EU increases carbon emission assessments in 2025, which may positively influence future order performance [2] Group 3: Product Development and Innovation - Haosen Intelligent has expanded its product offerings to include electric control intelligent assembly lines and has successfully secured orders from leading clients in the new energy battery, motor, and control equipment sectors [2] - The company is actively developing next-generation solid-state batteries and axial motor technologies, while also exploring new growth areas such as low-altitude economy and humanoid robots [2][3] Group 4: Strategic Initiatives - The company is focusing on enhancing its localization capabilities in the U.S. market and is closely monitoring changes in the international trade environment to ensure operational stability [3] - Haosen Intelligent is involved in the humanoid robot application alliance and is a core participant in the development of standards for embodied intelligence, which may provide a competitive advantage in the industry [4]