BOSHI(SZ:002698)2023-08-31 00:20Group 1: Company Overview - The company, Harbin Boshi Automation Co., Ltd., is identified by the stock code 002698 and is referred to as Boshi Co. [1] - The investor relations activity was conducted via a conference call on August 30, 2023, at 15:30 [2]. Group 2: Financial Performance - The company reported a significant increase in R&D expenses, with a year-on-year growth of 84.60%, amounting to CNY 0.73 billion, which represents 5.29% of total revenue [6]. - The operating cash flow was negative at CNY 1.13 billion, primarily due to increased procurement and production activities, with inventory rising by CNY 1.39 billion compared to the beginning of the year [7]. Group 3: Market Demand and Product Development - The company is experiencing strong market demand for its products, particularly in the fields of digitalization and intelligent manufacturing solutions [5]. - The solid material post-processing business is expected to grow significantly, with potential market demand projected to multiply [5]. Group 4: R&D and Innovation - The company is focusing on the development of humanoid robots in collaboration with Harbin Institute of Technology, leveraging their strong technical foundation [9][10]. - The R&D team consists of approximately 30 academic leaders from Harbin Institute of Technology, working alongside Boshi Co. personnel [12]. Group 5: Future Outlook - The company aims to enhance its competitive edge through continuous R&D investment and innovation, positioning itself favorably in the industry [6]. - The strategy includes optimizing costs in the industrial application of humanoid robots to promote mass adoption [11].