Core Insights - Guangdong Province is accelerating the construction of a modern industrial system, particularly focusing on the artificial intelligence and robotics sectors, with significant growth projections for 2024 [1][2] Industry Overview - In 2024, Guangdong's robot-related product exports are expected to reach 45.74 billion yuan, representing a year-on-year increase of 19.6% [1] - The core industry scale of artificial intelligence in Guangdong is projected to exceed 220 billion yuan in 2024, with a year-on-year growth of approximately 25%, maintaining its position among the top in the country [1] - The revenue from the intelligent robotics industry is anticipated to be 99.2 billion yuan, while the production of industrial robots is expected to reach 246,800 units, marking a year-on-year increase of 31.2% [1] Competitive Landscape - Guangdong has established a comprehensive industrial chain in the AI and robotics sectors, covering "chips - algorithms - terminals - applications," with a notable competitive advantage in the Pearl River Delta region [1] - The province is home to over 1,500 core AI enterprises and 147 national specialized "little giant" enterprises, leading the nation in quantity [1] - The robotics sector has seen the emergence of leading companies, known as the "Seven Swordsmen," which excel in key components, manufacturing, and system integration [1] Collaborative Efforts - Guangdong's unique geographical advantage, being adjacent to Hong Kong and Macau, fosters a complementary effect in the development of AI and robotics industries [2] - Collaborations with institutions such as Hong Kong University of Science and Technology and Macau University of Science and Technology have led to advancements in areas like big data modeling and robotics [2] Policy Recommendations - There is a call for enhanced government functions and the role of the People's Congress to promote high-quality development in the AI and robotics sectors [2] - Recommendations include strengthening core technology development, particularly in chips, and creating a comprehensive industrial planning framework [2] - The proposal also emphasizes the need for targeted policies to attract high-precision enterprises and the establishment of a legal framework to support the development of the AI and robotics industries [2]

Core Viewpoint - The company, Wolong Electric Drive, plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and international competitiveness [1][2]. Group 1: Company Strategy - Wolong Electric Drive aims to deepen its global strategy and improve its international image and competitiveness through the issuance of H-shares [2]. - The company has been implementing an internationalization strategy since 1998, establishing a global industrial layout through strategic acquisitions and technological integration [2]. - The company plans to fully promote its overseas strategy in 2025, focusing on personnel, products, supply chains, and capital going abroad [3]. Group 2: Financial Performance - In Q1 2025, the company achieved a revenue of 4.039 billion, a year-on-year increase of 7.95%, and a net profit of 268 million, up 20.45% [1][4]. - For the full year 2024, the company reported a revenue of 16.247 billion, a growth of 4.37%, and a net profit of 793 million, which is a significant increase of 49.63% [4]. - The company has set a target for 2025 to achieve a revenue of 16.383 billion and a net profit of 1.1 billion [7]. Group 3: Business Focus - The main business areas of Wolong Electric Drive include electric motors and control, with a significant focus on industrial motors and drives, which accounted for 55.80% of product revenue in 2024 [4]. - The company is also developing humanoid robots and has established a strategic investment in a robotics innovation company to enhance its capabilities in this area [5][6]. - The company has a strong emphasis on research and development, with R&D expenses amounting to 805 million in 2024, representing 4.95% of its revenue [6].

Core Viewpoint - The company is positioned as a one-stop precision manufacturing solution provider for smart terminals, focusing on vertical integration and horizontal expansion in the industry chain [1] Group 1: Business Development - The company has expanded its product lines by establishing subsidiaries for new materials such as ceramics and sapphire, and has entered the smartphone mid-frame processing business through acquisitions [2] - The company has initiated a smart terminal assembly project, achieving a full industry chain layout from raw material production to complete assembly, which supports revenue growth [2] Group 2: Automotive Electronics - Since 2015, the company has been deeply involved in the new energy vehicle market, establishing long-term partnerships with major manufacturers like Tesla, BMW, and BYD [3] - The company produces a variety of automotive electronic products, including vehicle-mounted glass and components, which are expected to become a significant growth driver [3] Group 3: Emerging Businesses - The company has developed core manufacturing processes for foldable screens and supplies key components to major clients [4] - A strategic partnership with Rokid for AI/XR glasses has been established, covering the entire production chain from design to assembly [4] - The company has launched smart retail terminals in collaboration with Alipay, showcasing its rapid production capabilities [4] - The company has been involved in the robotics sector since 2016, successfully delivering humanoid robots in partnership with Zhiyuan Robotics [4] Group 4: Financial Projections - Revenue projections for 2025-2027 are estimated at 92.16 billion, 113.24 billion, and 132.63 billion yuan, with year-on-year growth rates of 31.85%, 22.88%, and 17.12% respectively [5] - Net profit forecasts for the same period are 5.03 billion, 6.40 billion, and 7.57 billion yuan, with growth rates of 38.91%, 27.05%, and 18.35% [5] - Earnings per share (EPS) are projected to be 1.01, 1.28, and 1.52 yuan for 2025, 2026, and 2027 respectively [5]

| | 特定对象调研 □分析师会议  | | --- | --- | | 投资者关系活动 | □媒体采访 业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 红思客资产 杨岌、赵吉星；北斗星投资 吴文贵；亚太汇金基 | | | 金 滕涛；远东宏信 张洪滔；华润银行 郭常林；路友创投 何 | | 参与单位名称及 | | | 人员姓名 | 天祥；银河证券 杨权；金航保理 时文里；中企云链齐晓梅； | | | 香港星悦资本 褚琤玮；创通新科 沈利君；个人投资者 彭晓 | | | 国 | | 时间 | 2025 年 5 月 22 日 | | 地点 | 公司会议室 | | 上市公司接待人 | 公司董事、董事会秘书王丽春女士 | | 员姓名 | 公司集团市场副总裁徐东升先生 公司与投资者交流的主要内容如下： | | | 1、公司未来发展方向，公司的战略规划？ | | | 公司会持续增加在工业、新能源、汽车电子等市场领域的 | | 投资者关系活动 | 技术投入和资源倾向，同时进一步加强在光通讯、PC＆周边、 | | 主要内容介绍 | 服务器、机器人等细分新市场开拓，与更多 ...

深圳精智达技术股份有限公司 章 程 广东·深圳 二〇二五年五月 目 录 深圳精智达技术股份有限公司 章程 第一章 总 则 第一条 为维护深圳精智达技术股份有限公司（以下称"公司"或"本公司"）、 股东、职工和债权人的合法权益，规范公司的组织和行为，根据《中华人民共和国 公司法》 （以下称"《公司法》"）、 《中华人民共和国证券法》和其他有关法律、法规、 规章、规范性文件的规定，并结合公司实际情况，制订本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 公司系以发起方式设立的股份有限公司，公司在深圳市市场监督管理局注册登 记，取得营业执照，统一社会信用代码为 91440300576369572U。 第三条 公司于 2023 年 5 月 26 日经中国证券监督管理委员会（以下称"中国 证监会"）同意注册，首次向社会公众发行人民币普通股 2,350.2939 万股，于 2023 年 7 月 18 日在上海证券交易所科创板上市。 第四条 公司注册名称：深圳精智达技术股份有限公司； 公司英文名称：Shenzhen SEICHI Technologies Co., Ltd.。 第五条 公司住所：深圳 ...