Core Viewpoint - Shaanxi Jinye's stock price has shown fluctuations with a slight increase of 1.27% year-to-date, while facing a decline of 1.28% over the last five trading days, indicating mixed performance in the market [2]. Financial Performance - For the period from January to September 2025, Shaanxi Jinye reported operating revenue of 1.043 billion yuan, a year-on-year decrease of 1.51%, and a net profit attributable to shareholders of 11.8045 million yuan, down 79.96% year-on-year [2]. - Cumulative cash dividends since the company's A-share listing amount to 207 million yuan, with 36.8972 million yuan distributed over the last three years [3]. Stock Market Activity - As of October 31, Shaanxi Jinye's stock price rose by 2.21% to 4.63 yuan per share, with a trading volume of 43.8811 million yuan and a turnover rate of 1.24%, resulting in a total market capitalization of 3.559 billion yuan [1]. - The net inflow of main funds was 3.7731 million yuan, with significant buying activity from large orders amounting to 10.6887 million yuan, while selling from large orders reached 5.9139 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Shaanxi Jinye was 68,500, a decrease of 5.32% from the previous period, with an average of 11,208 circulating shares per shareholder, an increase of 5.62% [2]. - Among the top ten circulating shareholders, Shenwan Hongyuan Securities Co., Ltd. is the sixth largest, holding 7.1915 million shares as a new shareholder [3].

Core Viewpoint - Leju Intelligent (Shenzhen) Co., Ltd. is preparing for an IPO on the Sci-Tech Innovation Board, with guidance from Dongfang Securities, expected to complete by March to June 2026 [2][3]. Company Overview - Leju was founded in 2016 and focuses on humanoid robots, leveraging the trend of embodied intelligence [2]. - The company has no controlling shareholder, with actual control held by three individuals, who collectively control 33.72% of the company [2]. - The leadership team consists of PhD graduates from Harbin Institute of Technology, including the Chairman and CTO, CEO, and COO [2]. Product and Market Strategy - Leju aims to deliver between 1,000 to 2,000 humanoid robots this year, primarily targeting commercial service scenarios such as research and sales [3]. - The company recently launched two new types of humanoid robots designed for industrial manufacturing tasks, such as box handling and material loading [2]. - The Pre-IPO financing of nearly 1.5 billion yuan will be used to scale production and diversify applications of humanoid robots [3]. Industry Context - The company is positioned to benefit from the Sci-Tech Innovation Board's supportive policies for unprofitable "hard tech" companies [3][4]. - The market for humanoid robots is competitive, with similar companies like UBTECH in Hong Kong generating significant revenue from traditional educational and logistics robots, indicating a need for Leju to diversify its revenue streams [3].