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 Insights - Shanxi province plays a crucial role as a comprehensive energy base in China, with an average daily raw coal production exceeding 3.5 million tons, providing strong support for heating and power supply in North China [2] - The Huayang Group's first mine has an annual production capacity of 8.5 million tons and is recognized as one of the first intelligent demonstration coal mines in the country [2] Group 1 - The mining process has been significantly modernized, with the introduction of a 2.2-meter diameter cutting drum that operates like a cake cutter, allowing for efficient coal extraction [2] - The intelligent dust and temperature control system activates automatically during operations, enhancing safety and efficiency [2] - The shift from manual operation to remote control has reduced the number of personnel required by half while increasing daily coal output by 1,000 tons [2] Group 2 - Young miners, like Wang Shuai, are bringing new technologies and vitality to the industry, showcasing the strength of the new generation of workers [3]

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]

Core Insights - Shanghai Chuangli Group Co., Ltd. has signed a strategic cooperation framework agreement with Chongqing Chuanjiu Mining Construction Co., Ltd. to explore an integrated service model for intelligent mine construction and operation [1][2] - The partnership aims to combine Chuangli Group's advanced mining equipment and control systems with Chuanjiu's construction management capabilities to create a comprehensive coal mine management service [2] Company Overview - Chuangli Group is a leading enterprise in the coal machinery equipment sector with over 20 years of industry experience, holding multiple innovation platforms such as an academician workstation and a municipal technology center [1] - Chuanjiu Construction is a comprehensive management service company with top-level qualifications in mining engineering construction, covering over 10 provinces in China and managing numerous large-scale coal and non-coal mining projects [1] Collaboration Scope - The cooperation will focus on three core areas: integrating high-end mining equipment with construction services, resource collaboration through market channel sharing, and joint market expansion activities targeting key regions and customer groups [2] - The goal is to enhance business scope, cultivate new growth points, optimize business structure, and improve overall risk resistance [2] Industry Context - The coal industry is currently undergoing a critical phase of intelligent transformation, and the "equipment + construction" integrated service model aligns with industry development trends [2] - Successful implementation of this partnership could help Chuangli Group extend its industrial chain and increase service value, positioning it advantageously in the ongoing industry transformation [2]

Core Viewpoint - The coal industry is entering a new stage of high-end, clean, and intelligent development, focusing on the integration of energy security and green transformation, as well as traditional industries and new productive forces [2][3]. Group 1: Industry Transformation and Development - Major coal-producing regions in China, such as Inner Mongolia, Shanxi, and Shaanxi, are proposing new requirements and pathways for mining development in their "14th Five-Year" plans [3]. - The coal mining sector is shifting from quantity expansion to quality transformation, emphasizing technological and green development while addressing the challenges of traditional coal mining practices [3][5]. - The construction of coal supply bases in resource-rich western regions is crucial for national energy security, with Inner Mongolia's coal production expected to rise from 1.039 billion tons in 2021 to 1.299 billion tons by 2024 [5]. Group 2: Clean and Efficient Utilization - The phrase "promoting clean and efficient utilization of coal" is frequently mentioned in planning documents from major coal-producing areas, indicating a strong focus on integrating coal with electricity, new energy, and coal-based materials [5][6]. - The comprehensive utilization rates of coal gangue and mine water in large mining areas have reached 74.1% and 74.2%, respectively, while the land reclamation rate stands at 57% [8]. - The establishment of over 5,100 provincial-level green mines, accounting for 40.8% of operating mines, highlights the commitment to green mining practices [8]. Group 3: Advanced Manufacturing and Technology Integration - The integration of mining resource development with high-end manufacturing is a key trend, with regions like Inner Mongolia and Shanxi focusing on advanced manufacturing bases for green mining equipment [6][9]. - The intelligent mining sector is rapidly advancing, with the number of intelligent mining faces increasing from 494 in 2020 to 1,930, and projections indicate that intelligent mining capacity will exceed 50% by 2025 [10]. - Challenges remain in the practical application of intelligent technologies, particularly in older mining areas with complex resource conditions, necessitating tailored solutions for each mine [10][11]. Group 4: Future Industry and Technological Innovation - Regions are actively developing emerging industries and future-oriented technologies, with a focus on intelligent applications in underground coal mining [11]. - The push for "artificial intelligence + energy" innovations aims to establish energy technology innovation hubs and promote new energy service models [11]. - The ongoing development of intelligent, data-driven, and robotic industries is expected to enhance the operational efficiency of intelligent mines, leading to more consistent performance in mining operations [11].

Core Viewpoint - The article highlights the transformation of coal mining in Shanxi, particularly through the adoption of intelligent technology, which has significantly improved efficiency and safety in the industry [1][4]. Group 1: Technological Advancements - The introduction of intelligent equipment has changed the mining process, allowing for remote control of machinery, which enhances operational efficiency [3][4]. - The coal transportation capacity has increased from 800 tons per hour to 1800 tons due to new transportation methods, and effective coal production time has been extended by one hour daily [4]. Group 2: Workforce Transformation - The role of miners has evolved from manual labor to operating sophisticated machinery, with a focus on mental skills rather than physical strength [4][5]. - The educational requirements for miners have increased, with many now holding at least a college degree, and some even having postgraduate qualifications [4]. Group 3: Safety and Environment - The working conditions have improved significantly, with reduced coal dust exposure and cleaner environments in the mines, leading to a safer workplace for miners [4][5]. - The article emphasizes the importance of safety in mining operations, with a focus on ensuring that workers can operate safely and efficiently [5].

Core Insights - The coal mining machinery industry is experiencing a shift towards intelligent, green, and globalized operations, with major investments from leading companies and energy groups focusing on high-end equipment projects and technological collaborations [11]. Industry Overview - The coal mining machinery industry consists of three main segments: upstream (raw materials and components), midstream (manufacturing of coal mining equipment), and downstream (coal industry applications) [2][4]. - Upstream suppliers include companies like Benxi Steel and Hengli Hydraulic, while midstream manufacturers include Zhengzhou Coal Mining Machinery and SANY Heavy Industry [4][5]. - The downstream sector primarily consists of coal enterprises such as China Coal Energy and Datang Power [4][5]. Regional Distribution - Jiangsu Province is identified as the primary hub for coal mining machinery companies, with significant activity also in Shandong, Shaanxi, and Shanxi provinces [6]. - The coal mining machinery industry is well-established in Liaoning, Shanxi, and Beijing, covering all segments of the supply chain [9]. Investment Trends - Recent investments in the coal mining machinery sector focus on smart technology, green initiatives, and international expansion [11]. - Notable investments include: - In 2023, Shanxi Coal Machinery invested 2.1 billion yuan in a smart high-end coal machinery project, expected to generate an annual output value of 3 billion yuan [13]. - In 2023, Shaanxi Coal Group acquired Xuzhou Coal Mining Machinery for 1.8 billion yuan, increasing its market share in intelligent conveyor systems from 16% to 27% [13]. - In 2025, XCMG launched the world's first unmanned electric mining truck, aiming for zero-carbon operations [13].