Group 1 - Nanjing participated in the China-ASEAN Expo for the first time as a city delegation, showcasing its artificial intelligence and robotics industries [2] - Ten representative companies from Nanjing's AI and robotics sectors exhibited their products, highlighting the city's technological advancements [2] - The exhibition featured advanced surgical robots capable of rapid imaging and data transmission, significantly improving surgical planning for bone fracture patients [2][3] Group 2 - A minimally invasive surgical robot demonstrated the ability to perform precise tumor removals with less bleeding and faster recovery compared to traditional surgeries [3] - Innovative robots, such as the IIC T6-level humanoid robot and T9-W wheeled robot, were showcased for their capabilities in extreme environments and high-risk industrial inspections [3][4] - A mobile charging robot has been deployed in multiple cities, including international projects in Thailand, to meet the charging needs of new energy vehicles [4] Group 3 - The exhibition highlighted various AI applications, including a traditional Chinese medicine diagnostic device that recognizes 28 pulse types and has served over 14,000 medical institutions [4] - AIGC audiovisual platform developed by Xuanjia Technology increased production efficiency and reduced costs by 95% for AI-generated content [4] - The "Canal Wonder VR" project introduced a virtual reality experience for museums, showcasing the potential of immersive technology in cultural settings [4][5]

Core Viewpoint - Jiangsu Baoxin Technology Co., Ltd. has approved a capital increase and investment in Suzhou Jicui Intelligent Manufacturing Robot Co., Ltd., acquiring an 81.82% stake in the target company through an investment of 18 million yuan [3][9][10]. Meeting Details - The 17th meeting of the 6th Board of Directors was held on September 3, 2025, via electronic communication, with all six directors present, and the meeting complied with relevant laws and regulations [2][4]. Investment Overview - The company signed a capital increase agreement with Suzhou Jicui Intelligent Manufacturing Robot Co., Ltd. and its shareholders, with a total capital increase of 20 million yuan, where Baoxin Technology subscribed for 18 million yuan [3][9][10]. - After the capital increase, Baoxin Technology will hold 81.82% of the target company's shares, while Jiangsu Jicui Intelligent Manufacturing will hold 16.36%, and the original shareholder will hold 1.82% [3][9]. Target Company Information - Suzhou Jicui Intelligent Manufacturing Robot Co., Ltd. was established on June 8, 2022, with a registered capital of 2 million yuan, focusing on industrial robot manufacturing and intelligent robot research and development [14][16]. - The target company's main business includes manufacturing and sales of industrial robots, intelligent robot research, and providing system integration services [16][17]. Financial Data - The target company’s recent financial data is not explicitly provided in the documents, but it is noted that the company is not a dishonest executor and has no related party transactions with Baoxin Technology [15][16]. Feasibility Analysis - The target company has demonstrated strong competitiveness in the robot field, with significant market potential and expected rapid growth in the coming years [18]. Agreement Details - The capital increase agreement stipulates that the total registered capital of the target company will increase to 22 million yuan after the investment [19]. - The investment funds are to be used for business expansion, research and development, and production related to the main business [24]. Governance Structure - Post-investment, the governance structure of the target company will include a shareholders' meeting and a board of directors, with specific rights and obligations outlined for each party involved [30][31].

证券之星陆雯燕 当前，全球机器人行业正处于快速发展的黄金周期。在此背景下，宝馨科技（002514）(002514.SZ)深 度参与机器人行业发展。9月3日，宝馨科技与苏州集萃智造机器人有限公司(下称"苏州集萃")及其股东 江苏集萃智能制造技术研究所有限公司(下称"江苏集萃智造")、吕自贵签署了《苏州集萃智造机器人有 限公司之增资扩股协议》。 根据协议，苏州集萃本次增资2000万元，其中宝馨科技以自有资金认购1800万元，江苏集萃智造认购 200万元，吕自贵放弃优先认购权。本次增资后，标的注册资本增加至2200万元。 增资完成后，宝馨科技持有苏州集萃81.82%的股权，江苏集萃智造持有16.36%的股权，吕自贵则持有 1.82%的股权。本次交易完成后，苏州集萃将成为宝馨科技并表子公司。 宝馨科技"新能源+机器人"的战略布局获市场高度认可，在增资入股这一利好消息催化下，宝馨科技股 价近日连续走强，9月3日股价强势上扬并触及涨停。9月5日，该股依旧保持涨势，截至发稿报7.17元/ 股，涨幅2.28%。(本文首发证券之星，作者|陆雯燕) 标的苏州集萃成立于2022年6月8日，主要业务包括工业机器人制造与销售、智能机器 ...

Group 1 - The company Baoxin Technology (002514.SZ) has signed an investment agreement with Suzhou Jicui Intelligent Manufacturing Robot Co., Ltd. and its shareholders, involving a capital increase of 20 million yuan, with Baoxin Technology investing 18 million yuan [1] - After the capital increase, Baoxin Technology will hold 81.82% of the shares in the target company, while Jiangsu Jicui Intelligent Manufacturing will hold 16.36%, and Lu Zigui will hold 1.82% [1] Group 2 - Suzhou Jicui Intelligent Manufacturing Robot Co., Ltd. focuses on the manufacturing and sales of industrial robots, research and development of intelligent robots, and related system integration and services [2] - The target company specializes in collaborative robots, with its flagship product being the IIMT-CI-W05 collaborative robot, known for its high precision and flexibility, suitable for various industrial applications [2] - The company has developed various core technologies and components, including a direct current frameless motor and high-precision dual magnetic encoders, and is actively researching algorithms such as imitation learning, reinforcement learning, and deep learning to enhance robot capabilities [2] - The company offers smart factory solutions that integrate technologies like three-dimensional warehousing, AGV navigation, and MES software development for system simulation and optimization [2] - The company has launched a coffee delivery robot that combines collaborative robot and unmanned vehicle technology, capable of voice ordering and automated service, primarily used in commercial complexes and office buildings [2] - The company has developed several indoor unmanned vehicle products that utilize advanced radar-vision fusion navigation and obstacle avoidance technology, enabling a fully automated process from production to logistics [2] Group 3 - The external investment is based on the strategic development needs of the company, aimed at creating new platforms and carriers for business expansion [3]

Core Viewpoint - The company, Jicui Intelligent Manufacturing, is experiencing exponential growth driven by advanced technology and a diversified product portfolio, with expectations of a strong comeback by 2025 due to the global smart manufacturing wave [1]. Sales Growth and Market Expansion - Jicui Intelligent Manufacturing has achieved a doubling of overall contract amounts compared to the same period in 2024, with overseas sales experiencing a remarkable 4-5 times growth, showcasing strong international competitiveness [1]. - The company has established a "four-dimensional integrated" business layout with a focus on global expansion, particularly radiating from the Yangtze River Delta, enhancing brand exposure and influence through continuous marketing efforts [1]. - The dual-channel strategy of "agents + direct sales + exhibitions + ecological cooperation" has demonstrated industry-leading market activity and sales capabilities, aiming to transition from "Made in China" to "Global Manufacturing" [1]. Product Matrix and Technological Leadership - The company attributes its growth to two core products that have performed exceptionally well due to market demand and capacity expansion [4]. Six-Axis Collaborative Robot - The IIMT-CI-W05 collaborative robot has undergone revolutionary upgrades, with nearly 1,000 orders received, particularly from major clients, establishing itself as a bestseller in industrial automation [5][7]. - Key features include an intelligent welding process package, an expert database for parameter matching, multi-terminal collaboration, and an open ecosystem with over 70 secondary development interfaces [7]. Coffee Robot - The coffee robot, a unique integration of collaborative robotics and unmanned vehicle technology, has achieved "production + delivery" capabilities, with nearly 3,000 units in mass production, targeting diverse commercial environments [9][15]. - Features include voice interaction for ordering, rapid coffee preparation in an average of 90 seconds, and smart monitoring for operational efficiency [13][15]. Capacity Upgrade and Competitive Strength - To meet surging market demand, Jicui Intelligent Manufacturing is launching a project for nearly 10,000 robotic units, marking a significant shift from technology development to large-scale production [18]. - The new facility will include two semi-automated production lines, increasing annual capacity to 8,000 robotic units and significantly shortening delivery times [20]. Future Outlook - The company aims to leverage its nearly 10,000-unit industrial base to enhance research and development investments and global service networks, driving robotic technology across various industries and showcasing "Chinese Manufacturing" on a global scale [22]. - Jicui Intelligent Manufacturing is positioned to transform from a follower to a leader in the smart manufacturing wave, with explosive order growth reflecting a broader trend of high-end equipment from China entering the global market [24].

Core Insights - The article highlights the emergence of legal AI services in Nanjing, particularly through the brand "Turing Law" under Turing Micro Sparrow, showcasing the city's advancements in the AI industry and the concept of "scene innovation" [1] Group 1: Scene Innovation - Scene innovation is defined as the creative application of new technologies to drive rapid industrial growth through supply-demand interaction [1] - Nanjing has established a "department + center + company" mechanism for scene innovation, leading to the formation of Nanjing Market Scene Company, which has successfully implemented various application scenarios in the city [1] Group 2: Urban Transformations - Various urban transformations are occurring in Nanjing, such as electric vehicle battery swapping stations and coffee delivery robots, enhancing convenience for residents and workers [2][3] - The city features over 1,500 application scenarios, with 57 benchmark projects serving as "innovation exhibition halls" [3] Group 3: Financial Support - The establishment of the first "scene fund" in China, initiated by Nanjing Market Scene Company and the municipal venture capital group, has provided financial support to local enterprises, facilitating the development of industrial testing scenarios [4] - "Scene loans" from CITIC Bank have also enabled small and medium-sized enterprises to implement innovative projects, with a total of 319 million yuan disbursed to support eight companies [4] Group 4: Ecosystem Development - Nanjing is transitioning from merely creating scenes to nurturing an ecosystem, as demonstrated by the recent robot industry application scenario supply-demand matchmaking conference [5] - The Market Scene Company has engaged in extensive collaboration with government and enterprises, leading to over 30 billion yuan in industrial investment and the development of customized scene services [6]

Core Viewpoint - The article emphasizes the growing importance of embodied intelligence in robotics, highlighting the advancements made by Jicui Intelligent Manufacturing in developing core components and algorithms for collaborative robots, aiming to lead the industry transformation and societal progress through technological breakthroughs [1][25]. Group 1: Self-Developed Core Components - Jicui Intelligent Manufacturing has made significant breakthroughs in core hardware components for collaborative robots, including direct current frameless motors and high-precision dual-magnetic encoders, which enhance performance and reduce production costs [2][4]. - The company has achieved a competitive edge in the market with products like the non-teaching mobile welding robot and multifunctional unmanned vehicles, exporting to 34 countries and securing over 300 million yuan in orders [4] . Group 2: Development of New Algorithms - The company invests heavily in embodied intelligence algorithms, exploring imitation learning, reinforcement learning, and deep learning to enhance robots' autonomous learning and adaptability [5][7]. - Imitation learning allows robots to mimic human actions for tasks like welding and assembly, improving accuracy and efficiency [8]. - Reinforcement learning enables robots to optimize their behavior through trial and error in dynamic environments, enhancing decision-making capabilities [9]. - Deep learning improves robots' perception and recognition abilities, allowing for precise operations in various applications [10]. Group 3: Exploring Collaborative Robotics - Jicui Intelligent Manufacturing focuses on collaborative robots, emphasizing safety and ease of use, achieving international leading standards in precision and usability [12]. - The company's collaborative robots are utilized in various industries, enhancing production efficiency and product quality [12]. Group 4: Innovative Application Scenarios - The company has developed innovative robots for various sectors, including a coffee delivery robot for office buildings and smart cleaning robots for efficient indoor cleaning [15][16]. - In the smart factory sector, the non-teaching welding robot is set to revolutionize traditional welding processes, allowing for automated operations with voice control [20]. - In agriculture, the fruit-picking robot utilizes advanced systems to efficiently harvest fruits, addressing labor-intensive challenges [21]. Group 5: Future Outlook - Jicui Intelligent Manufacturing aims to become a leading international smart manufacturing technology research base, continuously innovating and expanding market reach [25][26]. - The company plans to deepen the application of embodied intelligence technology and collaborate with global research institutions to drive technological advancements [26].

Core Viewpoint - Nanjing is positioning itself as a leader in the "first launch economy," focusing on creating a vibrant city through optimal policies, strong ecosystems, and sincere engagement, aiming to make every first launch a driving force for urban development [1]. Group 1: Economic Development - The 2025 First Launch Economic Development Conference will take place on June 25 in Nanjing, organized by the Nanjing Municipal Bureau of Commerce and the Gulou District People's Government, showcasing Nanjing's efforts to build an international consumer center city [1]. - Nanjing has successfully introduced 500 first stores since last year, including 2 global first stores, 1 Asian first store, 32 Chinese first stores, and 16 East China first stores, featuring major brands like Valentino Beauty and ZARA [3]. Group 2: Cultural and Innovative Integration - The city has hosted various cultural events, including the world premiere of the original Chinese musical "Baoyu" and the "Beeple Global Exhibition," highlighting the integration of culture, commerce, and tourism [3]. - Nanjing is witnessing advancements in emerging industries, with the launch of the world's first integrated coffee delivery robot and the commercialization of humanoid robots, showcasing its strength in technology and innovation [3]. Group 3: Conference Highlights - The conference will gather over 600 guests from authoritative industry organizations, key cities, and top commercial brands to discuss new trends and opportunities in the first launch economy [5]. - The concurrent "New Consumption Forum" will provide a platform for deep industry engagement and collaboration, enhancing Nanjing's role as a testing ground for brands in the Yangtze River Delta region [7].

Group 1 - The core viewpoint emphasizes the importance of the robotics industry and embodied intelligence as key areas for new productive forces, highlighted in the government work report [1][4] - The financial sector is seen as a bridge linking resources and development, crucial for supporting the growth of the embodied intelligence industry [2][4] - The research activity involved visits to leading companies in the new productive force sector, including Jiangsu Jicui Intelligent Manufacturing Technology Research Institute [2][3] Group 2 - Jicui Intelligent Manufacturing is recognized as a national-level "little giant" enterprise, specializing in collaborative robots and mobile unmanned vehicles for various innovative applications [3] - The company has developed six models of collaborative robots and nine types of indoor unmanned vehicles, along with other advanced manufacturing equipment [3] - Jicui has established extensive collaborations with major manufacturing firms such as Weichai Power, XCMG, Hikvision, BYD, Midea Group, and AVIC [3] Group 3 - Nanjing's action plan aims for the city's embodied intelligence robotics industry to rank among the top in the nation by 2027, with a core industry scale exceeding 10 billion yuan [4] - The plan includes nurturing five mass production enterprises and attracting 150 related companies, along with over 50 large-scale applications across various sectors [4] - The financial sector is encouraged to not only provide resource services but also to understand the needs of the intelligent industry to facilitate the commercialization of robotics [4]

Core Insights - The Nanjing Intelligent Robot Development Conference showcased advancements in the robotics industry, highlighting the city's commitment to becoming a leading hub for robotics by 2025 [1][6] Group 1: Product Showcase - Over 40 products from 29 local robotics companies were displayed, including humanoid robots, industrial robots, service robots, special robots, and key components [2] - The Codroid 02 humanoid robot, developed by Estun Automation, features 29 degrees of freedom and a 5 kg single-arm load capacity, showcasing advancements in embodied intelligence [3] Group 2: Market Opportunities - The conference introduced an "Opportunity List" that outlines over 500 job positions across various sectors, including industrial manufacturing, security inspection, transportation logistics, and healthcare [5] - Specific applications for robots were identified, such as 10 inspection robots for Nanjing Metro and 40 service robots for consumer services in Jianye High-tech Zone [5] Group 3: Industry Growth and Goals - Nanjing aims to exceed a core industry scale of 10 billion yuan (approximately 1.4 billion USD) by 2027, with plans to cultivate over 150 companies in the robotics sector [7] - The Jiangning Development Zone has attracted over 100 robotics companies, achieving a production value of 17 billion yuan (approximately 2.4 billion USD) last year, indicating a robust ecosystem for the robotics industry [6][7]