成立于2023年6月的库萨科技专注于城市服务机器人领域，以环卫场景为首个商业化方向。 作为行业内产品开发及商业化落地速度最快的企业，库萨科技自主研发的无人清扫机器人基于具身机 器人技术架构，融合AI视觉为核心的多模态感知系统，依托车规级产品开发流程及车规级供应链体 系，实现了开放场景中的厘米级贴边作业精度，并具备高稳定性和高一致性。公司的智能云控平台通 过大模型技术实现机器人集群高效协同，云平台与机器人结合的创新模式已助力客户降低运营成本 50%。 目前，库萨科技的机器人产品已部署至国内外近30座城市，作业效率达行业平均值2倍 。 金沙江创投投资人表示："城市无人环卫正处爆发增长前夕，市场潜力巨大 。库萨科技团队凭借全栈 技术实力和高效执行力，在短短两年内就实现了从技术研发到商业化落地的快速突破，同时展现出极 强的市场开拓能力。我们对其成长为智能环卫领域的标杆企业充满信心。" 值得一提的是，这是库萨科技继2025年6月Pre-A轮融资后，短短两个月内完成的第二轮融资 。 短短两个月内完成的第二轮融资。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息 ...

Group 1 - The robotics sector has regained market attention, with companies' stock prices rising, particularly in the context of AI's next wave focusing on understanding the physical world and the integration of robotic systems across industries within the next decade [2] - The urban service robotics market is projected to exceed 100 billion annually, attracting significant investor interest, especially towards Han's Design and its subsidiary, Futai Technology, which are actively involved in this field [2] - Han's Design has engaged with 19 investment institutions, including major funds, to discuss its development strategy and showcase its robotic solutions for urban governance [2] Group 2 - Futai Technology, as a subsidiary of Han's Design, is focusing on the digitalization and automation trends in urban sanitation operations, supported by favorable policies and technological advancements [3] - The company offers integrated solutions across three business units: urban governance data services, intelligent equipment for urban management, and a software platform for decision-making in urban governance [3] - These business units are designed to work synergistically, enhancing the smart city initiative and advancing urban management towards higher levels of intelligence and precision [3] Group 3 - Futai Technology's competitive advantage lies in its robust R&D capabilities and extensive industry experience, enabling it to provide comprehensive smart city governance solutions [4] - The company has a strong technical team with over 50% of its workforce in R&D, and an average tenure of over ten years, contributing to its innovation and product delivery capabilities [4] - Futai Technology has served over 600 government clients and more than 100 corporate clients, establishing itself as a leader in the field with a wide implementation scope and successful commercialization [4] Group 4 - Since 2019, Futai Technology has launched multiple AI and robotics products, with over 5,000 operational points for waste sorting robots and deployment in over 20 cities across nine provinces for sanitation robots, accumulating over 1 million kilometers of operational mileage [5]

Group 1: Investor Relations Activity Overview - The investor relations activities took place on July 17 and 18, 2025, in Suzhou and Hangzhou, involving specific targeted research with various fund representatives [2]. - Participants included representatives from multiple funds such as Wan Jia Fund, Hua Xia Fund, and others, totaling over 20 individuals [2]. Group 2: Company Introduction and Business Focus - The activities included an introduction to Hanjia Design Group and its subsidiary, Futai Technology, covering their history, development strategy, and main business operations [3]. - Futai Technology focuses on three main business units: urban governance data service solutions, intelligent equipment for urban governance, and platform software for urban governance [4]. Group 3: Technological and Competitive Advantages - Futai Technology's core competitive advantages lie in its strong R&D capabilities and extensive industry experience, with over 50% of its 600 employees in the technical R&D team [5][6]. - The company has been recognized as a national high-tech enterprise for 16 consecutive years and has received over 20 national-level technology awards [7]. Group 4: Product and Market Development - Futai Technology's current product lineup includes three models of sanitation robots: 3-ton, 1-ton, and 0.5-ton, designed for various operational scenarios [9]. - The company serves over 600 government clients and more than 100 enterprise clients, making it a leader in urban governance solutions [11]. - The company has established operational points for garbage classification robots exceeding 5,000 and has deployed sanitation robots across over 20 cities, accumulating over 100,000 kilometers of operational mileage [11].

Group 1: Humanoid Robots - The "Walker Taishan" humanoid robot was tested for the first time on June 18, capable of climbing stairs and walking on rugged terrain, developed by Shandong Youbaote Intelligent Robot Company [1] - The robot can run at a stable speed of 7.2 km/h and has over 50 core patents, with plans for applications in power grid inspection, smart agriculture, outdoor rescue, and industrial operations [1] - The second-generation model "Walker Taishan R2" is set to be upgraded by February 2025, incorporating the DeepSeek model for intelligent interaction [1] Group 2: Robotics in Education - At the graduation ceremony of Shanghai University of Technology on June 16, the "Walker No. 2" humanoid robot made a notable appearance, greeting graduates and showcasing its achievements in competitions [4][5] - The robot's performance in global competitions symbolizes the dedication and perseverance of the students involved in its development [4] Group 3: IPO and Funding Activities - Woan Robotics has submitted its prospectus to the Hong Kong Stock Exchange, aiming to become the first publicly listed company focused on AI embodied robots [7] - The funds raised from the IPO will be used to enhance R&D capabilities and develop key technologies related to AI household robots [9] Group 4: Financing and Market Expansion - Kusa Technology announced the completion of several million yuan in Pre-A round financing on June 18, aimed at upgrading existing cleaning robots and developing new sanitation robots [10] - The company has achieved rapid product development and commercialization, with its cleaning robots operating in over 20 regions across multiple provinces [12] Group 5: Surgical Robotics and AI Education - Medtronic announced a strategic partnership with North America IRCAD to establish a high-level surgical education and training center, integrating robotic-assisted surgery and AI training systems [13] - The new center is expected to open in September 2025, focusing on multi-platform technology integration and digital teaching capabilities [13]

Group 1 - SANY Group's unmanned equipment is participating in the construction of the Xuhai-Fu Expressway, expected to open in July, showcasing high reliability and efficiency [1] - The unmanned equipment has been operational for over 200 days, covering more than 200 kilometers, utilizing a drone swarm consisting of pavers and rollers, integrating advanced technologies [1] - The unmanned equipment significantly enhances production efficiency, allowing for 24-hour continuous operation while improving engineering quality and reducing defect rates [2] Group 2 - Other companies, such as XCMG and Fulongma, are also developing unmanned equipment for various applications, including remote-controlled excavators and cleaning robots, indicating a trend towards automation in multiple industries [2] - The emergence of unmanned equipment is expected to drive industry upgrades, promoting the transformation of the engineering machinery sector towards intelligence and digitalization, enhancing overall competitiveness [3] - The demand for unmanned equipment will necessitate the cultivation of technical talent, supporting the development of related industries and providing intellectual resources for growth [3]

Core Viewpoint - China Tianying reported a revenue increase of 6.46% in 2024, but net profit decreased by 16.99%, indicating challenges in cost control and market environment [1][6] Environmental Business - The environmental business, particularly waste-to-energy projects, showed stable growth with 20 operational projects processing a total of 21,550 tons of waste daily [4] - The annual household waste input reached approximately 8.49 million tons, a 20% increase, while electricity generated was about 2.197 billion kWh, up 15% [4] - The steam supply business became a significant profit supplement, with external steam sales increasing by 177.35% to 1.7 million tons [4] - Despite good performance, the company needs to focus on controlling operational costs due to rising environmental standards and potential increases in equipment upgrade and emission control investments [4][6] New Energy Business - The new energy sector emerged as a highlight in 2024, driven by the national "dual carbon" strategy, with projects in green electricity, green hydrogen, and green ammonia/alcohol [5] - Agreements were signed for a wind-solar-hydrogen-ammonia integrated project, including 400 MW of off-grid wind power and 400 MW of grid-connected wind power, expected to produce 19,500 tons of hydrogen and 100,000 tons of methanol annually [5] - Additional projects in Liaoyuan include 214.5 MW of off-grid wind power and 514.8 MW of grid-connected wind power, indicating accelerated development in the new energy sector [5] International Expansion and Technological Innovation - The company made significant progress in international expansion, particularly in "Belt and Road" countries, with the Hanoi project processing over 4,000 tons of waste daily [6] - Technological innovations include the development of intelligent sorting and cleaning robots, which can reduce costs and increase efficiency by over 30% [6] - The company continues to upgrade its proprietary technologies, such as large-capacity mechanical grate furnaces and plasma melting, contributing to the intelligent development of the environmental industry [6]

Group 1: Company Overview - Hanjia Design Group Co., Ltd. focuses on urban governance and smart city solutions through its subsidiary, Futai Technology, established in 2005 [2][3]. - Futai Technology has provided IT and operational services to over 200 cities and more than 600 government departments [3]. Group 2: Business Segments and Achievements - Futai Technology has developed a comprehensive urban governance framework, including urban operation management and water resources management [3]. - The company holds over 300 software copyrights and patents and has contributed to approximately 50% of the systematic platform construction planning for urban sanitation on the government side [3]. Group 3: Robotics and AI Development - Since 2019, Futai Technology has expanded into AI and robotics, launching various products including the V-AIbox and multiple types of sanitation robots [4]. - The company plans to produce a 1-ton sanitation robot by the second half of 2025, with existing robots covering various urban governance scenarios [4]. Group 4: Market Potential and Financial Insights - The potential market size for unmanned cleaning robots is estimated at approximately 680 billion CNY annually for cleaning scenarios, 400 billion CNY for collection and transportation, and 480 billion CNY for underground pipeline inspection [9]. - The pricing for the robots ranges from 100,000 to 800,000 CNY depending on the model [9]. Group 5: Clientele and Revenue Model - Most clients are government or state-owned enterprises, with a strong willingness to adopt unmanned management solutions due to cost-effectiveness and efficiency [5][6]. - The company is actively managing cash flow risks by collaborating closely with local platform companies and ensuring strict contract terms [6]. Group 6: Employment and Industry Impact - The introduction of unmanned cleaning robots is expected to create new job opportunities, such as maintenance engineers, while addressing the aging workforce in sanitation [16]. - The transition to unmanned operations is seen as a way to improve productivity and attract more skilled workers to the industry [16].