证券日报网讯 创世纪10月10日在互动平台回答投资者提问时表示，公司的钻铣加工中心、立式加工中 心、五轴联动加工中心等产品可用于人形机器人领域相关的传感器、关节部件、外框与骨架、灵巧手部 件、谐波减速器及其他核心零部件等结构件的精密加工，加工结构件的具体材质视客户加工需求而定。 （编辑 袁冠琳） ...

每经AI快讯，有投资者在投资者互动平台提问：公司向宇树科技持续提供数控机床外，是否还向宇树 科技供应人型机器人关节部件？清董秘认真回复。 创世纪（300083.SZ）10月10日在投资者互动平台表示，尊敬的投资者您好！公司主业为中高端数控机 床，公司的钻铣加工中心、立式加工中心、五轴联动加工中心等产品可用于人形机器人领域相关的传感 器、关节部件、外框与骨架、灵巧手部件、谐波减速器及其他核心零部件等结构件的精密加工。目前公 司暂未直接向宇树科技供应人形机器人零部件。感谢您的关注与支持！ （文章来源：每日经济新闻） ...

格隆汇10月10日丨创世纪(300083.SZ)在投资者互动平台表示，公司主业为中高端数控机床，公司的钻 铣加工中心、立式加工中心、五轴联动加工中心等产品可用于人形机器人领域相关的传感器、关节部 件、外框与骨架、灵巧手部件、谐波减速器及其他核心零部件等结构件的精密加工。目前公司暂未直接 向宇树科技供应人形机器人零部件。 ...

请务必阅读正文后的声明及说明 [Table_Title] 证券研究报告 / 公司深度报告 金属切削机床领先企业，未来成长空间广阔 报告摘要： [Table_Summary] 数控机床全产业链集团，金属切削类机床细分行业领先企业。乔锋智能 成立于 2009 年，是一家专业从事中高端数控机床研发、生产、销售和服 务为一体的国家级专精特新"小巨人"企业，是数控机床全产业链集团。 公司聚焦中高档数控机床领域，主营产品包括立式加工中心、龙门加工 中心、卧式加工中心等，应用于通用设备、消费电子、汽摩配件、模具、 航空航天、通讯等行业。2024 年公司实现营收 17.6 亿元，同比增长 21.02%，机床收入在我国金属切削机床企业中排名前列；归母净利润 2.05 亿元，同比增长 21.33%；2025H1 公司实现营收 12.14 亿元，同比增长 50.36%；归母净利润 1.79 亿元，同比增长 57.32%。 高端机床市场空间广阔，有望充分受益国产替代进程。我国机床市场具 有数千亿规模，但头部国产企业营收仍低于百亿元，缺乏行业巨头和标 杆。机床核心技术受制于发达国家不仅限制行业发展，还会限制制造业 升级，数控机床行业国 ...

（编辑 王雪儿） 证券日报网讯 创世纪9月25日在互动平台回答投资者提问时表示，公司主业为中高端数控机床，公司的 钻铣加工中心、立式加工中心、五轴联动加工中心等产品可用于人形机器人领域相关的传感器、关节部 件、外框与骨架、灵巧手部件、谐波减速器及其他核心零部件等结构件的精密加工。 ...

9月22日，乔锋智能跌0.73%，成交额2.28亿元。两融数据显示，当日乔锋智能获融资买入额2268.37万 元，融资偿还3093.95万元，融资净买入-825.57万元。截至9月22日，乔锋智能融资融券余额合计2.39亿 元。 截至6月30日，乔锋智能股东户数1.06万，较上期增加4.34%；人均流通股2279股，较上期减少4.16%。 2025年1月-6月，乔锋智能实现营业收入12.14亿元，同比增长50.36%；归母净利润1.79亿元，同比增长 56.43%。 分红方面，乔锋智能A股上市后累计派现1.09亿元。 机构持仓方面，截止2025年6月30日，乔锋智能十大流通股东中，香港中央结算有限公司位居第一大流 通股东，持股34.41万股，相比上期减少17.68万股。 责任编辑：小浪快报 融资方面，乔锋智能当日融资买入2268.37万元。当前融资余额2.39亿元，占流通市值的7.93%，融资余 额超过近一年90%分位水平，处于高位。 融券方面，乔锋智能9月22日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处 ...

Company Overview - JiaoFeng Intelligent Equipment Co., Ltd. is located in Dongguan, Guangdong Province, established on May 5, 2009, and listed on July 10, 2024. The company specializes in the research, production, and sales of CNC machine tools [1][2]. Financial Performance - For the first half of 2025, JiaoFeng Intelligent achieved operating revenue of 1.214 billion yuan, representing a year-on-year growth of 50.36%. The net profit attributable to the parent company was 179 million yuan, up 56.43% year-on-year [2]. - The company has distributed a total of 109 million yuan in dividends since its A-share listing [3]. Stock Performance - As of September 22, JiaoFeng Intelligent's stock price was 78.86 yuan per share, with a market capitalization of 9.523 billion yuan. The stock has increased by 85.03% year-to-date, but has seen a decline of 5.77% over the last five trading days [1]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on March 12, where it recorded a net purchase of 23.8215 million yuan [1]. Shareholder Information - As of June 30, the number of shareholders for JiaoFeng Intelligent was 10,600, an increase of 4.34% from the previous period. The average number of circulating shares per person decreased by 4.16% to 2,279 shares [2]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 344,100 shares, which is a decrease of 176,800 shares from the previous period [3]. Industry Context - JiaoFeng Intelligent operates within the mechanical equipment sector, specifically in general equipment and machine tools. The company is associated with concepts such as new energy vehicles, Industry 4.0, new industrialization, margin financing, and robotics [2].

Industry Trends - The machine tool industry is experiencing accelerated domestic substitution and internationalization, with imports slowing and exports growing rapidly. Domestic companies are achieving breakthroughs in sectors like new energy vehicles and consumer electronics, supported by policies that enhance market share and open overseas markets [2][3]. - The demand for machine tools is bolstered by policy support and a strong recovery in manufacturing, with significant growth in metal cutting machine tool production expected from 2023 to 2024 [3]. - The CNC (Computer Numerical Control) rate is increasing, presenting growth opportunities for CNC machine tool companies, as China's CNC rate is currently lower than that of developed countries [3][4]. - Market competition is intensifying, with market share concentrating among leading companies due to their advantages in capacity expansion, high-end technology development, and brand strength [3][4]. Company Performance - In the first half of 2025, the company reported strong sales performance, with the general equipment sector contributing approximately 36% to total revenue, showing a nearly 10% year-on-year growth [3][4]. - The consumer electronics sector has seen a dramatic increase, with revenue share rising from about 5% two years ago to over 20% in the first half of 2025, reflecting a growth of approximately 190% [3][4]. - The automotive parts sector, primarily driven by new energy vehicles, accounted for around 14% of revenue, with a year-on-year growth of about 60% [3][4]. - The mold industry contributed approximately 8% to revenue, with a significant year-on-year growth of around 160% [3][4]. - The engineering machinery sector, after several years of decline, has rebounded with a year-on-year growth of about 170%, contributing around 5% to total revenue [3][4]. Seasonal Characteristics - The machine tool industry does not exhibit strict seasonal characteristics, with the company's performance showing minor fluctuations across quarters. This stability is attributed to diverse downstream sectors and effective capacity planning [4][5]. Competitive Strategy - The concentration of market share among leading firms is a natural outcome of industry upgrades. The company leverages its platform advantages, product reputation, and technological expertise to build a differentiated competitive edge [5][6]. - The company has established a comprehensive product lineup in metal cutting machine tools and possesses a strong R&D team of over 250 personnel, enabling rapid responses to market demands [6][7]. - A robust sales service system with over 300 personnel ensures efficient customer service and tailored solutions, enhancing operational efficiency through integrated R&D, design, and production processes [6][7]. Liquid Cooling Market - The demand for liquid cooling plates, essential for AI servers and new energy vehicles, is rapidly increasing. The company's products, such as high-speed drilling and vertical machining centers, meet the high precision and efficiency requirements for liquid cooling plate processing [6][7]. - The company is actively enhancing its sales team to address the liquid cooling market needs and is optimizing equipment performance to align with technological advancements in liquid cooling processing [7].

Core Insights - The 22nd China-ASEAN Expo, themed "Digital Intelligence Empowering Development, Innovation Leading the Future," features over 3,200 exhibitors across a total area of 160,000 square meters, showcasing the latest achievements of the General Technology Group in the ASEAN market [2][3]. Group 1: Exhibition Highlights - The General Technology Group's exhibition includes three main areas: International Engineering, High-end Equipment, and Innovative Services, addressing the dual needs of ASEAN for infrastructure enhancement and intelligent manufacturing [3][5]. - The International Engineering section utilizes a combination of physical models and immersive VR experiences to showcase significant projects in Belt and Road Initiative countries, emphasizing the group's comprehensive service capabilities in international infrastructure and energy development [3]. - The High-end Equipment section highlights the group's focus on industrial upgrades and healthcare system improvements, featuring advanced products like the NeuViz Epoch Elite CT scanner, which is noted as the world's fastest 16cm spiral CT [5]. Group 2: Innovative Services - The General Technology Group emphasizes innovation in services as a core driver for technological transformation, utilizing virtual digital machine tools and VR technology to enhance user experience and understanding of complex industrial technologies [8]. - The exhibition also presents cutting-edge innovations such as low-altitude emergency rescue drones and intelligent medical waste disposal technologies, providing practical solutions for technological upgrades in ASEAN [8]. Group 3: Strategic Collaborations - During the expo, key delegations from ASEAN countries, including Indonesia and Bangladesh, engaged in deep interactions, enhancing strategic trust and laying a solid foundation for future collaborations [10]. - The "Hand in Hand with ASEAN" promotional exchange meeting showcased innovative cooperation results between China and ASEAN in international engineering and machine tool equipment, attended by around 200 representatives from various sectors [18][20]. - The signing of five cooperation agreements during the event, covering machine tool procurement and international medical services, reflects the commitment to deepen partnerships with ASEAN countries [23]. Group 4: Youth Engagement and Future Directions - A roundtable discussion involving youth representatives from ASEAN and China highlighted the unique value and mission of the younger generation in promoting green and low-carbon transitions in the China-ASEAN industrial chain [23][24]. - The General Technology Group plans to continue focusing on infrastructure construction and high-end equipment manufacturing in ASEAN, aiming to enhance cooperation with governments and enterprises in the region [24].

Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 244,148.52 million yuan, a year-on-year increase of 18.44% [2] - The net profit attributable to shareholders was 23,318.77 million yuan, reflecting a year-on-year growth of 47.38% [2] - The company has a negative retained earnings due to historical losses in precision structural components, which affects its ability to distribute dividends [4][5] Group 2: Market Position and Strategy - The company aims to maintain a high growth trajectory in the second half of the year, focusing on high-end machine tools and overseas market development [2] - The company is closely monitoring trends in the humanoid robot sector and is committed to innovation in technology and product development [3] - The establishment of a production base in Vietnam is expected to enhance global competitiveness and reduce operational costs [3] Group 3: Shareholder Engagement and Corporate Actions - As of September 10, 2025, the number of shareholders reached 99,568, an increase of 3,778 from the previous period [6] - The company is currently advancing a private placement of shares, pending approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [6] - The company is considering future share buybacks based on market conditions and stock performance [6]