香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 ZCZL Industrial Technology Group Company Limited 中創智領（鄭州）工業技術集團股份有限公司 （在 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 碼：00564） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 作 出。 茲載列中創智領（鄭 州）工業技術集團股份有限公司在上海證券交易所網站及 中 國 報 章 刊 登 公 告 如 下，僅 供 參 閱。 承董事會命 中創智領（鄭 州）工業技術集團股份有限公司 董事長 焦承堯 中 國，鄭 州，2026年3月30日 於本公告日期，本公司執行董事為焦承堯先生、賈浩先生、孟賀超先生及李開順 先 生；非 執 行 董 事 為 崔 凱 先 生；而 獨 立 非 執 行 董 事 為 季 豐 先 生、方 遠 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 ZCZL Industrial Technology Group Company Limited 中創智領（鄭州）工業技術集團股份有限公司 （在 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 碼：00564） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 作 出。 茲載列中創智領（鄭 州）工業技術集團股份有限公司在上海證券交易所網站及 中 國 報 章 刊 登 公 告 如 下，僅 供 參 閱。 承董事會命 中創智領（鄭 州）工業技術集團股份有限公司 董事長 焦承堯 中 國，鄭 州，2026年3月30日 於本公告日期，本公司執行董事為焦承堯先生、賈浩先生、孟賀超先生及李開順 先 生；非 執 行 董 事 為 崔 凱 先 生；而 獨 立 非 執 行 董 事 為 季 豐 先 生、方 遠 ...

Summary of Key Points from Conference Call Records Industry Overview - **High-end Equipment Industry**: Focus on advancements in humanoid robots and the impact of tungsten prices on the industry - **Commercial Aerospace**: Recognized as a pillar industry with significant policy support and development plans Company Insights 1. Starry Sky Map - Positioned in embodied intelligence ecosystem, planning to launch a consumer bipedal robot priced around 10,000 RMB in 2026 [1] - Achieved first place in Asia for the G0.5 model in the Behavior-1K evaluation, with R1 Pro hardware designated by top overseas AI teams [1][4] - International revenue accounts for one-third of total income, primarily from sales to top AI researchers [4] 2. UBTECH - Set a sales target of 5,000 humanoid robots for 2026, significantly up from 600 in 2025 [1][5] - New factory in Liuzhou with a capacity of 10,000 units per year to commence production in the second half of 2026 [5] - Plans to release a wheeled robot to cater to small and medium enterprises [6] 3. Songyan Power - A startup with a young team, focusing on consumer-grade humanoid robots for educational and family interaction [2] - Targeting a price point of around 10,000 RMB to penetrate the consumer market [2] 4. Yuejiang Robotics - Engaging in data training business and increasing R&D investment in emerging technologies [7] - Plans to go public and enhance software algorithms for collaborative robots [7] 5. Bay Robotics - Launching a tennis racket operating machine and a home helper robot in 2026, expecting a 10% revenue growth from 2025 [8] Market Dynamics 1. Tungsten Prices - Prices surged from approximately 700,000 RMB/ton to over 1,000,000 RMB/ton due to supply constraints and strong downstream demand [9][10] - Companies like Oke Yi are expected to see significant profit increases due to pre-purchased low-cost tungsten inventory [10][11] 2. Coal Machinery Industry - High oil prices are enhancing the economic viability of coal as an alternative energy source, supporting demand for coal machinery [12] - Anticipated stable coal production and high capacity utilization rates will sustain the coal machinery industry's growth [12] 3. Commercial Aerospace - The government has emphasized the importance of commercial aerospace and satellite internet in its 2026 plans, indicating strong future growth potential [13][14] - Significant advancements in satellite launches and manufacturing are expected, with a focus on low Earth orbit satellites [14] Investment Opportunities - **Tungsten Sector**: Companies with strong inventory positions and those benefiting from price transmission are likely to see enhanced profitability [10][11] - **Coal Machinery**: Firms with solid fundamentals and high dividend yields are recommended for investment [12] - **Commercial Aerospace**: Investment opportunities are concentrated in satellite manufacturing, application development, and rocket launch services [14][15]

Core Viewpoint - The manufacturing industry is viewed as the "ballast" of the economy, with discussions at the Henan Two Sessions focusing on the trends of innovation, intelligence, and sustainability in manufacturing [1]. Group 1: Manufacturing Industry Overview - Henan, as a major manufacturing province, has seven advanced industrial clusters and 28 key industrial chains, with a strong foundation in equipment manufacturing and food processing [3]. - The province has 450 "little giant" companies, 59 manufacturing champions, 12,800 national high-tech enterprises, and 30,000 technology-based SMEs [3]. - The government emphasizes technology innovation and digital transformation to elevate the manufacturing sector towards high-end, intelligent, and green development [3]. Group 2: Strategic Initiatives and Recommendations - The government report indicates that by 2026, Henan aims to strengthen its advanced manufacturing system and align with national high-quality development actions, supporting industries like new energy vehicles and modern food [5]. - Suggestions include creating a "platform for empowering private enterprise transformation" to connect academic technology with enterprises and stimulate innovation [3][4]. - The focus is shifting from scale expansion to quality enhancement, with an emphasis on intelligent upgrades in manufacturing [5]. Group 3: Technological Integration and Green Development - The integration of technology and industry is seen as a way to convert comparative advantages into competitive advantages [4]. - Proposals include launching an "AI + Henan Manufacturing" initiative to enhance sectors like equipment manufacturing and new materials, promoting smart factories and solutions [6]. - There is a growing emphasis on green development, with companies increasingly calculating their carbon footprints and promoting green energy usage [6].

Group 1 - The Henan Provincial Political Consultative Conference (PPCC) has made significant strides in promoting the modernization of Henan, guided by Xi Jinping's thoughts and directives [2][3][4] - The PPCC has focused on high-quality collaboration and effective governance, conducting 15 discussions and 32 research investigations, and submitting 1,228 proposals [4][5] - The PPCC has emphasized the importance of political direction and theoretical education, ensuring that members are aligned with the central government's policies and objectives [3][4] Group 2 - The "Smart Factory" project by Zhongchuang Zhiling has been recognized as a "Lighthouse Factory," marking a significant achievement in the machinery industry [6][7] - The factory is set to enhance production efficiency through intelligent automation and real-time data transmission, aiming for a production capacity of over 20,000 hydraulic supports annually [7][8] - The project is part of a broader initiative to drive the digital transformation of the coal mining machinery sector in Henan [6][8] Group 3 - The city of Xinyang is actively implementing measures to improve air quality, including the replacement of traditional vehicles with new energy vehicles, which has led to a significant reduction in emissions [19][22] - Xinyang has invested over 12 billion yuan in environmental upgrades, achieving ultra-low emissions across various sectors [19][21] - The city is focusing on precise management strategies to tackle pollution sources, including the establishment of monitoring systems and the promotion of clean energy alternatives [20][21]

Core Insights - The company has successfully constructed and is currently testing the automated assembly welding production line at its intelligent hydraulic support factory, which is set to enhance production efficiency and stability [1][2] - The intelligent hydraulic support factory has been recognized as the first "lighthouse factory" in the coal machinery industry by the World Economic Forum, highlighting its commitment to digital and intelligent transformation [1] - The project, covering an area of 73,800 square meters, includes two core production lines: an intelligent welding production line and an intelligent assembly production line, marking a significant industry benchmark [1][4] Group 1 - The automated assembly welding production line is a key component of the intelligent welding production line, integrating 5G and IoT technologies for real-time data transmission and remote control [2] - The welding process is critical for product quality, and its digitization and automation are expected to enhance production efficiency and market competitiveness [2] - The intelligent hydraulic support assembly line is designed to achieve high levels of automation and intelligence, improving the assembly process from component handling to quality inspection [2][4] Group 2 - The intelligent hydraulic support assembly line is the first of its kind in the industry, with all equipment installed and currently undergoing testing to ensure compliance with design specifications [4] - Once operational, the assembly line is projected to have an annual capacity of over 20,000 hydraulic supports, significantly transforming traditional assembly methods and boosting efficiency [4] - The project is considered a phase two initiative of the "lighthouse factory," reinforcing the company's leading position in the coal machinery sector and promoting the transition of the manufacturing industry in Henan towards intelligence and high-end development [4]

Core Viewpoint - The company is advancing its digital and intelligent transformation in the coal machinery sector, with the hydraulic support smart factory project set to enhance production efficiency and market competitiveness through automation and smart technologies [2][3][4]. Group 1: Project Overview - The hydraulic support smart factory project covers an area of 73,800 square meters and includes two core production lines: an intelligent welding production line and an intelligent assembly production line [2]. - The intelligent welding production line has completed construction and is currently in the debugging phase, focusing on optimizing equipment performance and welding process stability [2][3]. - The project is expected to commence production in the second half of this year, with the intelligent assembly line capable of assembling over 20,000 hydraulic supports annually [4]. Group 2: Technological Integration - The intelligent welding production line is built according to the "lighthouse factory" standards, integrating 5G communication and IoT technologies for real-time data transmission and remote control [3]. - The production process will be fully connected, allowing for visualization and traceability, which will provide precise data support for production decisions [3]. - The intelligent assembly line will automate and smarten the entire assembly process, from precise component handling to quality inspection [3][4]. Group 3: Industry Impact - The project is considered a second phase of the "lighthouse factory" initiative, establishing a foundation for the company to maintain its leading position in the coal machinery industry [4]. - It aims to promote the transformation of the coal machinery manufacturing industry towards intelligence, greenness, and integration, while also facilitating the upgrade of manufacturing in Henan province towards high-end and intelligent production [4].

Economic Overview - In 2025, Henan's GDP reached 66,633 billion yuan, with a year-on-year growth of 5.6% [1] - The total retail sales of social consumer goods in Henan for 2025 amounted to 29,090.5 billion yuan, also growing by 5.6%, surpassing the national average by 1.9 percentage points [8] Consumer Market Dynamics - A notable trend in Henan's consumer market is the rise of new consumption forces, exemplified by a popular tea drink flagship store in Zhengzhou, which emphasizes affordability with products like 2.5 yuan ice cream cones and 4 yuan lemonades [1][3] - The global beverage company has over 50,000 stores worldwide, becoming the largest fresh beverage enterprise, reflecting the emergence of new consumption forces in Henan [3] Manufacturing Sector Developments - Henan is home to 270,000 manufacturing enterprises, positioning itself as a "world factory" with a focus on high-end manufacturing [9] - The production capabilities in Henan have advanced significantly, with a coal machinery factory utilizing digital twin systems and achieving a production capacity increase from 8,000 tons to 20,000 tons for hydraulic supports [15][23] New Materials and Innovations - The rise of nylon production in Henan, particularly nylon 66, is transforming the region into a significant player in the new materials industry, with production capacity expected to reach 100,000 tons by 2025 [20][23] - The local industry is overcoming previous reliance on imported raw materials, marking a significant breakthrough in domestic production capabilities [23] Export and Global Integration - Henan's enterprises are increasingly integrating into global supply chains, with notable examples including a food company preparing to establish a factory in Malaysia and a crane manufacturing company expanding its international operations [26][28] - The diversification of Henan's foreign trade market is evident, with a significant increase in the quality and innovation of exported products [32]

Core Insights - The coal mining machinery industry in China is characterized by a diverse range of listed companies involved in various segments of the industry chain, including raw materials, manufacturing, and application in coal and related sectors [1][2][4]. Industry Overview - The coal mining machinery industry includes upstream raw materials and components, midstream manufacturing of coal mining equipment such as tunneling machines and hydraulic supports, and downstream applications primarily in the coal industry, which further serves sectors like thermal power, steel, chemicals, and construction [1]. Listed Companies Summary - Key listed companies in the coal mining machinery sector include: - **Tiandi Technology (天地科技)**: A leader in the coal equipment industry with a focus on research and manufacturing [3]. - **Zhongchuang Zhiling (中创智领)**: A global giant in comprehensive coal mining equipment with a leading market share in hydraulic supports [3]. - **SANY International (三一国际)**: A supplier of mining and logistics equipment with rapid growth in overseas markets [3]. - **Linzhou Heavy Machinery (林州重机)**: An energy equipment service provider specializing in coal mining machinery and military equipment [3]. Revenue and Business Layout - The revenue for major companies in the coal mining machinery sector for 2024 includes: - **Tiandi Technology**: 30.53 billion CNY [6]. - **Zhongchuang Zhiling**: 37.05 billion CNY [6]. - **SANY International**: 21.91 billion CNY [6]. - **Linzhou Heavy Machinery**: 1.68 billion CNY [6]. - Companies exhibit varying degrees of focus on coal mining machinery, with SANY International and Chuangli Group having over 85% of their revenue from this sector, while Tiandi Technology and Zhongchuang Zhiling derive about 51% of their revenue from coal machinery, indicating a more diversified business layout [8][10]. Market Distribution - SANY International has a significant international sales ratio of 67.16%, while Zhongchuang Zhiling has 32.41% from overseas markets, contrasting with other companies that primarily focus on domestic markets with over 92% of their sales [8][10]. Business Performance - The coal mining machinery industry shows strong market demand, with most companies reporting a sales-to-production ratio exceeding 90%, indicating a healthy match between supply and demand [11]. - Notable performance metrics include: - **Tiandi Technology**: Revenue of 13.87 billion CNY with a gross margin of 30.54% [12]. - **Zhongchuang Zhiling**: Revenue of 19.00 billion CNY with a gross margin of 23.99% [12]. - **SANY International**: Revenue of 21.14 billion CNY with a gross margin of 22.43% [12]. Future Development Plans - Companies are focusing on smart mining solutions and green technologies, with plans to enhance their product offerings and expand into international markets. Key initiatives include: - **Tiandi Technology**: Emphasizing the development of intelligent mining systems and AI applications [14]. - **Zhongchuang Zhiling**: Enhancing smart mining control systems and expanding global market share [14]. - **SANY International**: Focusing on the deployment of unmanned mining vehicles and upgrading intelligent excavation equipment [14].

Core Viewpoint - The hydraulic support system is highly effective, capable of bearing a weight of 12,000 kilonewtons, equivalent to the weight of 306 elephants, providing significant safety for miners [1] Group 1 - The hydraulic support operates using an emulsion liquid drive, enhancing its performance and reliability [1] - It works in conjunction with coal mining machines and scraper conveyors, forming a highly efficient underground operational trio [1] - The collaboration of these three components significantly boosts coal mining efficiency [1]