Core Viewpoint - The company, Lingyi Zhizao, has made significant changes to its fundraising projects within a short period, reallocating funds towards the humanoid robot sector, which is currently a hot topic in the capital market [1][4][8]. Fundraising and Project Changes - In late 2024, Lingyi Zhizao completed a convertible bond issuance, raising a total of 2.137 billion yuan through the issuance of 21.374 million bonds, with the controlling shareholder subscribing to 61.11% of the total [1][2]. - The company announced a major adjustment to its fundraising projects on June 18, 2025, reducing the planned investments in several projects while increasing the budget for carbon fiber and heat dissipation precision components to 743 million yuan [4][8]. - The humanoid robot project has been allocated 50 million yuan, which is considered relatively low compared to other companies in the sector that have raised substantial amounts [8][10]. Project Necessity and Adjustments - The original fundraising plan included six major projects, such as the construction of manufacturing centers and production lines for various products [2][3]. - The necessity of the original projects was questioned after only six months, leading to significant budget cuts for several initiatives, including the Tianxin manufacturing center and smart wearable device production line [4][7]. - The company has indicated that it has existing technological capabilities in humanoid robotics, which it believes will support the new project despite the limited funding [8][10]. Industry Context and Strategic Moves - Lingyi Zhizao has a history of diversifying into new sectors, having previously entered the electric vehicle market and now venturing into humanoid robotics [11][12]. - The company has established itself as a supplier in the Apple supply chain and has connections with major automotive manufacturers through its acquisition of Jiangsu Kedasiteng [12][13]. - The financial performance of Jiangsu Kedasiteng shows promising revenue growth, which could enhance Lingyi Zhizao's market position post-acquisition [13].

每经记者 王晶 每经编辑 魏官红 4月21日晚间，"果链"企业领益智造（002600.SZ，股价7.43元，市值520.71亿元）发布公告称，公司拟 通过发行可转换公司债券及支付现金的方式向常州优融、上海迈环等8名交易对方购买其合计持有的江 苏科达66.46%股权。 "在汽车产业链中，从Tier2向Tier1转型能为企业带来显著的优势与发展机遇。Tier1供应商通常在产品研 发阶段就深度参与其中，这种长期且紧密的合作模式，能够大大增强客户黏性，保障业务的稳定性和持 续性。并且，在与整车厂商的合作过程中，领益智造也将能够更近一步接触前沿技术方向，加速技术创 新的进程。此外，领益智造还将与江苏科达形成互补的国内外客户资源，进一步拓宽新的客户渠道及应 用领域。"领益智造方面对记者详细介绍道。 金证评估出具的《资产评估报告》显示，江苏科达100%股权的评估值为5.05亿元，据容诚会计师事务 所出具的《江苏科达审计报告》，截至2024年12月31日，公司归属于母公司股东口径账面净资产为2.47 亿元，资产评估增值2.58亿元，增值率为104.06%。 同时，业绩承诺方常州优融和上海迈环已与领益智造签署附条件生效的《业绩 ...