Core Insights - The article highlights the rapid growth of AI applications in the energy sector, particularly in the context of zero-carbon mining robots, with Boreton (01333) positioned as a leading player in this niche market [1][2]. Group 1: Policy and Market Drivers - Recent policies from the National Energy Administration, including the "Implementation Opinions on Promoting High-Quality Development of 'AI + Energy'," are driving the integration of AI in energy applications [1][2]. - The dual carbon policy is steering the transition of mining engineering towards renewable energy, making it a key focus area for zero-carbon initiatives [2]. Group 2: Company Developments - Boreton has secured a strategic cooperation agreement with Mingyang Mining to provide at least 1,000 electric unmanned mining vehicles, indicating a growing demand for electric and intelligent mining solutions [3]. - The company has received a significant order worth 118 million yuan from China Resources Cement, showcasing its strong client relationships and order pipeline [3][4]. Group 3: Technological Innovations - Boreton is collaborating with Huawei to develop a "networked energy storage technology," aiming to transform mining operations from energy consumers to clean energy producers [5]. - The company is also advancing its energy storage projects, evidenced by a recent contract with Guoxia Technology for energy storage system equipment, marking a significant step in its development [6]. Group 4: Market Recognition and Growth Potential - Boreton's innovative approach in AI and energy applications has led to its inclusion in the Hang Seng Composite Index, reflecting strong market recognition and potential for valuation growth [7]. - The company is expected to enhance its growth trajectory through its light storage energy services, which are seen as a new growth avenue [7].

Core Insights - The article highlights the rapid growth of AI applications in the energy sector, particularly focusing on Boreton as a leader in the zero-carbon mining robot industry, leveraging AI technology for autonomous mining solutions [1][7] - Boreton's strategic partnerships and contracts, including collaborations with major companies like Huawei and China Resources Cement, are driving its growth and market presence [5][6][4] Policy and Market Trends - The dual push from government policies, such as the recent guidelines from the National Energy Administration, is fostering high-quality growth in energy equipment, particularly in the context of zero-carbon initiatives [2] - The demand for zero-carbon mining robots is expected to rise significantly, with the market for new energy engineering machinery projected to maintain double-digit compound growth rates [2] Company Developments - Boreton has secured a strategic cooperation agreement with Mingyang Mining to provide at least 1,000 electric unmanned mining vehicles, indicating a strong order pipeline and commitment to electric and intelligent mining solutions [3] - The company has been recognized for its quality and service, receiving the "Quality Supplier" award from China Resources Cement, which reflects its strong performance in the mining sector [4] Technological Innovations - Boreton is exploring the zero-carbon economy by providing integrated green and intelligent operational solutions, including a partnership with Huawei to develop networked energy storage technology for mining applications [5][6] - The company is set to launch its self-developed autonomous mining vehicles, focusing on safety, efficiency, and environmental sustainability, which aligns with the industry's shift towards cleaner energy production [7] Market Recognition - Boreton's inclusion in the Hang Seng Composite Index in September indicates strong market recognition and potential for valuation growth amidst the AI application investment wave [7]

证券日报网讯电光科技（002730）9月25日在互动平台回答投资者提问时表示，公司目前主要业务是为 矿上提供智能化供电设备以及智能化系统，未来会密切关注机器人在矿山上实际运用发展，特别是智能 化系统运用需要配套的相关机器人产品。 ...

编号：20250925 | 投资者关系活动 | □特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | ☑ | 其他（重庆辖区投资者网上集体接待日活动） | | 参与单位名称及 | 线上投资者 | | 人员姓名 | | | 时间 | 2025 年 9 月 25 日 15:00-17:00 | | 地点 | 全景网"投资者关系互动平台"（http://ir.p5w.net） | | 上市公司接待人 | 财务负责人郑海江先生、董事会秘书冉华周先生、证券事务代 | | 员姓名 | 表林键先生 | | 问 | 1、公司的经营状况如何，为何股价跌成这样？ | | | 答：公司目前生产经营稳定。公司聚焦智能化矿山主业，积极 | | | 孵化矿山巡检机器人业务以打造新的利润增长点，通过持续提 | | | 升经营业绩夯实价值基础，适时采取积极的股东回报措施以提 | | | 升公司投资价值。 | | 问 投资者关系活动 | 2、今年 A 股市场机器人产业受到资本欢迎，市场前景广阔， | | | 国家也大力支持发展 ...

Core Viewpoint - The company is currently in the cultivation phase for its robotics division, which is not yet profitable and does not meet the conditions for capital injection [1] Group 1: Company Developments - The company is actively implementing the "AI+" initiative from the State-owned Assets Supervision and Administration Commission (SASAC) and has increased investments in AI and robotics in recent years, achieving notable progress [1] - The Xi'an Research Institute's "AI + Multi-level Mine Transparent Geology" project has been selected as one of the first 40 high-value strategic scenarios for AI by SASAC [1] - The Shanghai Coal Science Research Institute's "Coal Science Guardian Model" has been included in the Shandong Province's key AI development plan [1] Group 2: Robotics Innovations - Various subsidiaries are continuously developing different types of mining robots tailored to their specialties, enhancing the intelligence of existing products [1] - New products such as drilling robots and closed-slot robots have been developed, with prototypes already formed and in the process of being promoted for application [1] - The company plans to further strengthen AI-enabled applications to comprehensively enhance its level of intelligence [1]

Core Viewpoint - The article discusses the increasing number of accounting errors among listed companies, with over 40 companies correcting such errors in 2025, highlighting the distinction between unintentional accounting errors and intentional financial fraud [1] Group 1: Accounting Errors - Accounting errors are defined as omissions or misstatements in previous financial reports due to incorrect application of accounting standards, and they are considered unintentional [1] - Some companies have misused the term "accounting error" to cover up financial fraud, as seen in cases like Kangmei Pharmaceutical and Oriental Group [1] Group 2: Specific Company Adjustments - Keda Control has made accounting adjustments for multiple reporting periods, including annual and quarterly reports from 2022 to 2024, due to errors in revenue recognition related to its new energy charging and swapping business [2][3] - The adjustments were necessary because the company initially recognized revenue using the gross method instead of the net method, which is appropriate when the company does not have control over the electricity supplied [4] Group 3: Regulatory Guidance - The Ministry of Finance has provided practical guidance on revenue recognition for charging station businesses, indicating that companies should recognize revenue based on the net method when they do not have control over the electricity [5][8] Group 4: Company Performance - A company established in 2000 and listed in 2021 has reported a revenue of 434 million yuan in 2024, a year-on-year increase of 1.76%, but its net profit decreased by 37.42% to 34.51 million yuan [9] - The company has high accounts receivable, with the ratio of accounts receivable to revenue increasing over the last three years, indicating potential liquidity issues [9] - In the first quarter of 2025, the company reported a loss of 6.14 million yuan, attributed to increased marketing and R&D expenses [10] Group 5: Robotics Business Development - The company is focusing on the development of mining robots, with several models already in use in coal mines, and aims to enhance its technology for specialized mining applications [10] - However, the R&D expenditure for the robotics business was less than 5 million yuan in 2024, raising concerns about the commitment to this segment [11]

Summary of Conference Call Notes Industry Overview - The focus is on the AI robotics sector, particularly in the context of household applications and mining robots. The sector is expected to be a core theme for the year, driven by advancements in technology and market demand [1][1]. Key Company Insights - **Figure Robotics**: - Announced the commencement of household application testing for their robots in 2023, two years ahead of previous expectations [1]. - The CEO's statement indicates a strong commitment to the rapid development and deployment of AI robots in domestic settings [1]. - **Tesla**: - Elon Musk projected that Tesla's profits could increase tenfold over the next five years, reflecting confidence in the company's growth trajectory and potential in the robotics space [1]. Market Potential - The mining robotics sector is highlighted as a rapidly expanding B2B application area. - There are over 10,000 mines in the country, with the potential for each mine to replace traditional operations with 100 robots, each costing approximately 400,000 yuan. This creates a market opportunity exceeding 400 billion yuan [2]. - The mining regulatory authority has mandated a robot replacement rate of 20%-30% by 2026, further driving demand for mining robots [2]. Technological Developments - Companies like **Meiansen** are developing specialized coal mining models based on large AI models, integrating them with motion control systems from equipment manufacturers [3]. - There are five major modifications being implemented on mining robots to facilitate their deployment in the industry [4]. - Meiansen is also creating six comprehensive systems for mining operations, ensuring that robots are integrated into these systems, which establishes a high entry barrier for competitors [4]. Additional Insights - The rapid evolution of the robotics sector is underscored by the increasing number of applications in both B2B and B2C markets, with significant advancements being made in technology and regulatory support [1][2][4].