Group 1 - The core inquiry from investors is whether Gree Electric Appliances can develop into an unmanned machine store featuring robots that explain product functions and serve customers 24/7 [2] - Gree Electric Appliances has stated on the investor interaction platform that the company is deeply engaged in the research of core components and key technologies for industrial robots [2] - The company has achieved breakthroughs in various areas including servo motors, servo drives, motion controllers, reducers, and robot dynamics, successfully developing a full range of products such as six-axis robots, SCARA robots, welding robots, and collaborative robots [2]

Core Viewpoint - Gree Electric Appliances is focusing on the research of core components and key technologies in industrial robots, achieving breakthroughs in various areas [1] Group 1: Technological Advancements - The company has made significant progress in servo motors, servo drives, motion controllers, reducers, and robot dynamics [1] - Gree Electric has successfully developed a full range of products including six-axis robots, SCARA robots, welding robots, and collaborative robots [1]

证券代码：002917 证券简称：金奥博 深圳市金奥博科技股份有限公司 投资者关系活动记录表 编号：2025-006 投资者关 系活动类 别 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 ■其他（2025年度深圳辖区上市公司投资者网上集体接待日活动） 参与单位 名称及人 员姓名 通过"全景路演"网站、"全景财经"微信公众号或"全景路演"APP 参与本次 投资者网上集体接待日活动的投资者 时间 2025年11月20日 地点 "全景路演"网站（https://rs.p5w.net）、"全景财经"微信公众号、 "全景路演"APP 上市公司 接待人员 姓名 董事长、总经理：明刚；副总经理、董事会秘书：周一玲； 财务总监：崔季红；独立董事：肖忠良。 投资者关 系活动主 要内容介 绍 为进一步加强与投资者的互动交流，公司参加由深圳证监局和中证中小投 资者服务中心指导、深圳上市公司协会与深圳市全景网络有限公司联合举办的 "2025 年度深圳辖区上市公司投资者网上集体接待日活动"。本次活动采用网 络远程的方式举行，就公司经营情况、发展战略及投资者关心的问题与投资者 进行了互动交 ...

Core Viewpoint - Shanghai's foreign trade demonstrates resilience and vitality, driven by proactive measures and a supportive business environment, with private enterprises playing a crucial role in export growth [1][5]. Group 1: Export Growth and Contributions - In the first three quarters of this year, Shanghai's foreign trade imports and exports increased by 5.4%, surpassing the national average by 1.4 percentage points [2]. - Private enterprises achieved an import and export volume of 1.32 trillion yuan, with a growth rate of 27.1%, raising their share of Shanghai's foreign trade to 39.5%, a record high [2]. - The "new three items" (electric vehicles, lithium batteries, solar cells) and industrial robots have shown rapid export growth, highlighting the strength of Shanghai's high-end manufacturing sector [2]. Group 2: Case Studies of Successful Companies - Xijing Technology has seen a 159% year-on-year increase in exports, driven by overseas orders for its autonomous vehicles, which are now operational in nearly 1,000 units across 28 countries and regions [2]. - New Era Technology, one of Shanghai's "robot four dragons," achieved nearly 50% export growth in the first three quarters, with over 1,200 units sold, thanks to its high-performance SCARA robots [3]. Group 3: Supportive Business Environment - The supportive business environment is crucial for private enterprises, as evidenced by successful negotiations with customs regarding product classification, which can significantly impact tax rates [4]. - A communication technology company saved millions in taxes through effective classification of its products, demonstrating the importance of government support in international trade [5]. - The proactive approach of customs authorities has helped companies navigate complex import and export regulations, leading to substantial cost savings and enhanced competitiveness in international markets [5].

Core Viewpoint - The smart logistics market in China is expected to exceed 1.3 trillion yuan by 2025, with a compound annual growth rate of 24%, driven by improvements in operational efficiency, cost management, and adaptability to changes in the logistics industry [1] Group 1: Industry Trends - The global smart logistics robot market is projected to reach 344.1 billion yuan by 2030, indicating steady growth in the sector [1] - The shift from automation to intelligence in logistics robots marks a new phase of development, focusing on companies and products that can stand out in this evolving landscape [1] Group 2: Technological Advancements - The CeMAT ASIA 2025 showcased leading companies like Hikvision Robotics, which presented new ecological products and comprehensive logistics automation solutions, reflecting industry trends towards ecological and intelligent development [3] - The competition in the mobile robot industry has shifted from hardware specifications to system efficiency and delivery capabilities, as core technologies mature [3][5] Group 3: Ecosystem Development - Hikvision Robotics is focusing on building an open ecosystem by extracting common elements from application scenarios and providing standard software and hardware interfaces for industry partners [5] - The future of the industry ecosystem requires not only serving large enterprises but also empowering small and medium-sized enterprises to meet diverse logistical needs [5] Group 4: Product Innovations - The EasyAMR product from Hikvision Robotics simplifies complex software and hardware capabilities into an "out-of-the-box" tool, enabling users to configure and deploy robots without professional training [7] - The new generation of STU box robots and other products demonstrate significant improvements in load capacity, efficiency, and adaptability to various operational scenarios [10][12] Group 5: Integration of Software and Hardware - Hikvision Robotics' hardware innovations are complemented by advanced AI-driven scheduling systems, enhancing warehouse configuration and retrieval efficiency [14][16] - The integration of various robotic systems into a cohesive operational framework is essential for achieving end-to-end supply chain optimization [19]

Core Viewpoint - The article highlights the growth trajectory of Huichuan Technology, emphasizing its transformation from a startup focused on frequency converters to a leading player in industrial automation, electric vehicles, and smart elevators, supported by capital market empowerment [1][2]. Company Growth and Capital Market Empowerment - Huichuan Technology was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in September 2010, with an initial revenue of 1.726 billion yuan, primarily in the industrial frequency converter sector [2]. - The company utilized capital market tools effectively, including a 2.487 billion yuan acquisition of Shanghai Best Electric in 2019, which expanded its offerings in the elevator industry [2]. - In 2021, Huichuan raised 2.105 billion yuan through a private placement to enhance its industrial automation capabilities and invest in smart factories and software platforms [2]. Incentive Mechanisms and Performance - Since its listing, Huichuan has implemented seven stock incentive plans and two employee stock ownership plans, covering various levels of the team [3]. - From 2013 to 2024, the company's total revenue surged from 1.726 billion yuan to 37.041 billion yuan, and net profit attributable to shareholders increased from 834 million yuan to 4.285 billion yuan, reflecting over 20 times and 4 times growth, respectively [3]. Technological Innovation and Market Position - Huichuan Technology has developed a range of core technologies, holding 2,886 patents and software copyrights by the end of 2024, with a focus on various layers of automation technology [4]. - The company achieved a research and development investment of 3.147 billion yuan in 2024, with a research expense ratio of 8.5%, and a team of 5,538 researchers [4]. - As of the end of 2024, Huichuan held the top market shares in several sectors: 28.3% in general servo systems, 18.6% in low-voltage frequency converters, and 27.3% in SCARA robots [5]. Strategic Growth Areas - Huichuan is focusing on three strategic areas: internationalization, dual-carbon energy management, and digitalization [6]. - The company aims to expand its international presence, targeting markets in Asia-Pacific, Europe, and the Americas, with overseas revenue reaching approximately 1.32 billion yuan in the first half of 2025, a 39% year-on-year increase [6]. - In line with the dual-carbon strategy, Huichuan is developing energy management solutions and aims to enhance its capabilities in clean energy and smart energy management [6]. ESG Integration - Huichuan has integrated ESG principles into its operations, completing green supply chain assessments for over 200 suppliers and receiving multiple ESG awards [7]. - The company is recognized for its commitment to low-carbon responsibility and transparent governance, contributing to its reputation as a leader in the industrial automation sector [7].

Core Insights - The article highlights the importance of listed companies in driving high-quality economic development, with a focus on the efforts of the Shenzhen Stock Exchange to enhance the quality of listed companies through systematic engagement and support [1] Company Growth and Development - Huichuan Technology was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in September 2010, with an initial revenue of 1.726 billion yuan, primarily focused on industrial frequency converters [2] - The company utilized capital market tools effectively, including a 2.487 billion yuan acquisition of Shanghai Best Electric in 2019, which allowed it to transition from a single product supplier to a comprehensive solution provider in the elevator industry [2] - In 2021, Huichuan Technology raised 2.105 billion yuan through a private placement to enhance its industrial automation capabilities and invest in smart factories and industrial software platforms [2] Performance and Financial Growth - Since its listing, Huichuan Technology has implemented multiple equity incentive plans, resulting in significant revenue growth from 1.726 billion yuan in 2013 to 37.041 billion yuan in 2024, and net profit growth from 0.834 billion yuan to 4.285 billion yuan during the same period [3] - The company achieved over 20 times revenue growth and four times net profit growth, establishing a positive cycle of talent incentives, technological breakthroughs, and performance growth [3] Technological Innovation and Market Position - Huichuan Technology has developed a range of core technologies, holding 2,886 patents and software copyrights by the end of 2024, with a focus on various layers of technology including information, control, drive, execution, and sensing [4][5] - The company maintained a high R&D investment of 3.147 billion yuan in 2024, with an R&D expense ratio of 8.5%, and a team of 5,538 researchers, leading to a dominant market position in several sectors [4][5] - In the industrial automation sector, Huichuan Technology holds a market share of 28.3% in general servo systems and 18.6% in low-voltage frequency converters, ranking first in the industry [5] Strategic Growth Areas - Huichuan Technology is focusing on three strategic areas: internationalization, dual-carbon energy management, and digitalization, to foster new growth drivers [6] - The company aims to expand its international presence in developed and emerging markets, targeting regions such as Asia-Pacific, Europe, and the Americas, with overseas revenue reaching approximately 1.32 billion yuan in the first half of 2025, a 39% year-on-year increase [6] - The dual-carbon energy management business leverages the company's expertise in power electronics to provide efficient and reliable energy solutions, aligning with national strategies for carbon neutrality [6] ESG Commitment - Huichuan Technology integrates ESG principles into its operations, completing green supply chain assessments for over 200 suppliers and receiving multiple ESG awards, reflecting its commitment to sustainable development [7] - The company’s growth story exemplifies how a technology-driven enterprise can leverage capital markets for technological breakthroughs, industrial expansion, and ecosystem development [7]

Core Viewpoint - Company focuses on high-end intelligent manufacturing and core control technology for industrial robots, with extensive experience in research and application [1] Group 1: Company Overview - Company specializes in the research and application of core control technologies and equipment for industrial robots [1] - Key technologies developed include motion controllers, visual navigation systems, and laser navigation systems [1] - Main robot products include six-axis industrial robots, parallel robots, collaborative robots, SCARA robots, column robots, and visual navigation AGV intelligent transfer vehicles [1] Group 2: Industry Applications - Company has successfully applied its robots in the civil explosives industry and has expanded applications to food, packaging, and fine chemicals sectors [1] - Currently, the company does not engage in humanoid robot business [1]

Group 1: Automation Solutions in Aerospace - KUKA China launched multi-scenario automation solutions targeting the aerospace industry, addressing production efficiency, capacity bottlenecks, and quality consistency challenges [1] - The solutions include a high-precision assembly system integrating CoboManip robotic arms, sealing systems, and quality inspection modules, achieving full automation from component handling to fuselage assembly with a positioning accuracy of 0.05mm and a payload capacity of 125kg [1] - The omniMove omnidirectional mobile platform, capable of carrying up to 90 tons, enhances space utilization and operational efficiency in the transportation of large aerospace components [1] Group 2: Automotive Industry Automation - KUKA has developed a flexible manufacturing system covering all process segments for the automotive industry, addressing the need for high load and inertia in integrated die-casting parts and battery packs [2] - The automotive automation solutions incorporate advanced technologies such as ServoGun spot welding, BestFit door installation, and AI-driven modules for collision avoidance and adaptive installation, ensuring high stability and adaptability [2] - KUKA provides end-to-end solutions for new energy vehicles, including lithium-ion and hydrogen fuel cell production processes, with robots known for high precision and stability [2] Group 3: Healthcare and Education Solutions - KUKA, through its subsidiary Swisslog Healthcare, offers smart healthcare solutions that cover drug development, laboratory testing, factory production, and hospital logistics, with applications in over 850 hospitals globally [3] - The healthcare logistics system includes automated material management solutions such as track-based transport and pharmacy automation, enhancing efficiency in hospital operations [3] - KUKA Education focuses on integrating industry and education, creating a new ecosystem for vocational training with German original textbooks and a certification system to empower students from learning to employment [3]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong performance relative to the market [6][8][9] Core Insights - The company reported a record high quarterly performance in Q2 2025, with H1 revenue reaching 503 million yuan, a year-on-year increase of 44.86%, and a net profit attributable to shareholders of 85.25 million yuan, up 39.96% year-on-year [5][8] - The automotive business shows strong growth potential, with significant contributions from actuator products, which generated 226 million yuan in revenue, a year-on-year increase of 77.41% [8] - The company is actively expanding into the robotics sector, having established a strategic partnership with Turing Robotics to develop core components for robots, indicating a new growth avenue [8] Financial Data and Profit Forecast - For 2025, the company expects total revenue of 1,078 million yuan, with a year-on-year growth rate of 30.4% [7] - The projected net profit for 2025 is 180 million yuan, reflecting a year-on-year increase of 30.7% [7] - The company's gross margin is expected to remain stable around 32.4% for 2025, with a return on equity (ROE) projected at 23.1% [7][8]