JINGXING PAPER(SZ:002067)2022-12-07 08:32Group 1: Industry Situation - The paper industry is facing significant challenges, closely tied to the economic climate. If the economy continues to decline, there is a possibility of further deterioration in the operating environment [2] - The company is considering a shift towards venture capital due to the difficulties in the paper business, but the large asset scale and recent fixed asset investments make immediate transformation challenging [4] Group 2: Investment in Intelligent Robotics - The company is optimistic about the intelligent robotics sector and has identified a local enterprise, Zhicheng Intelligent, as a suitable investment opportunity due to its manageable investment size and potential for growth [2] - Zhicheng Intelligent has a relatively weak sales capability and is still in the early stages of its robotics business, but the management team has made some technological preparations and has a recognized vision for the future [4] Group 3: Investment Strategy and Concerns - The company is currently engaged in diversified investments across sectors such as pharmaceuticals, environmental protection, and intelligent robotics, primarily due to concerns about the economic situation [4] - The company has a cautious approach towards the Boyuan project, which is still in the trial production phase, and will only proceed with due diligence after the project officially commences production and achieves sales [4]