Core Viewpoint - The establishment of the first embodied intelligence super factory in the Beijing-Tianjin-Hebei region by Lingyi iTech is a significant advancement in smart manufacturing and innovation in the area [1] Group 1: Factory Overview - The super factory will integrate smart manufacturing, research and development innovation, and lean production [1] - It aims to provide a one-stop embodied intelligent manufacturing service, covering precision structural components, core modules, and assembly testing [1] Group 2: Production Goals - The main factory design and renovation are planned to be completed within the year [1] - The factory is expected to achieve an annual production of 10,000 embodied intelligent robots this year, with a target of 500,000 units by 2030 [1] - The factory is positioned to set a global benchmark and lead the industry in terms of intelligence and automation [1]

Core Insights - The report identifies liquid cooling as a strategic investment opportunity, potentially replicating the success of optical modules and PCBs, with strong growth prospects driven by AI computing needs and stringent energy efficiency standards [2][3] - Liquid cooling is characterized by three main features: strong growth, complete narrative, and favorable odds, indicating a favorable market environment for investment [2] - The industry is transitioning from speculative hype to a high-growth phase with confirmed orders, as evidenced by significant order increases from key suppliers like Vidi Technology [3] Industry Trends - The liquid cooling industry is entering a high-growth phase with a 252% year-over-year increase in organic orders reported by Vidi Technology, highlighting strong market demand [3] - Major tech companies like NVIDIA and Google are adopting liquid cooling as a mandatory standard for their next-generation platforms, indicating a shift from optional to essential technology in AI computing [3] - The industry is witnessing a wave of mergers and acquisitions, with companies like Liying Intelligent Manufacturing acquiring liquid cooling suppliers to secure positions in the AI server supply chain [3] Liquid Cooling Industry Chain - The liquid cooling industry chain consists of three main segments: upstream components, midstream system integration and manufacturing, and downstream applications [4] - Upstream includes key technologies and components such as cooling fluids and CDU, which have high technical barriers and value [4] - Midstream integrates upstream components to provide complete liquid cooling server solutions, with technical integration capabilities as a core barrier [4] - Downstream focuses on high-performance data center operators and industry users driving the large-scale adoption of liquid cooling [4]

证券代码：002600 证券简称：领益智造 公告编号：2026-014 广东领益智造股份有限公司 关于为子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、担保情况概述 广东领益智造股份有限公司（以下简称"公司"）分别于 2025 年 12 月 5 日和 2025 年 12 月 22 日召开第六届董事会第二十二次会议和 2025 年第六次临时股东 会，审议通过了《关于公司及子公司 2026 年度担保事项的议案》。为保证公司 及其子公司的正常生产经营活动，2026 年度公司（含控股子公司）拟为公司及 子公司的融资或其他履约义务提供担保，预计担保总额度合计不超过人民币 4,000,000 万元。在上述担保额度内，公司管理层可根据实际经营情况对公司（含 控股子公司）对子公司、子公司对公司之间的担保额度进行调配，亦可对新成立 的子公司分配担保额度。具体内容详见公司于 2025 年 12 月 6 日在巨潮资讯网 （www.cninfo.com.cn）上披露的《关于公司及子公司 2026 年度担保事项的公告》。 二、担保进展情况 近日，公司、公司 ...

Core Insights - The launch of the Lingyi Intelligent Manufacturing's embodied intelligence super factory in Beijing marks a significant step in the company's strategy to integrate into the "All-domain Artificial Intelligence City" initiative in Beijing Yizhuang and aims to position the company among the "Top 3 global embodied intelligence hardware manufacturers" [1][3] Group 1: Factory Details - The factory, located in Xiaomi Smart Port, plans to achieve an annual production capacity of 10,000 embodied intelligent robots by 2026 and 500,000 units by 2030, establishing itself as a global benchmark for intelligent and automated manufacturing [3] - The factory will provide a one-stop manufacturing service for embodied intelligence, leveraging the company's strengths in precision manufacturing, full-process technology, and global supply chain [5][6] Group 2: Partnerships and Collaborations - Lingyi Intelligent Manufacturing signed cooperation agreements with initial partners such as Beijing Humanoid, Magic Atom, and Yuanluo Technology, focusing on technological collaboration, product co-creation, manufacturing system construction, and industrial ecosystem cultivation [3][5] - The collaboration aims to bridge the gap between the innovation chain and the industrial chain, facilitating the transition from technology research and development to commercial application [6] Group 3: Strategic Vision - The Beijing super factory is a key component of Lingyi's forward-looking layout in the embodied intelligence sector and is seen as a core support for the company's goal of becoming a top global player in this field [3][5] - The factory is expected to significantly enhance the company's core production capacity and product competitiveness, injecting strong momentum into high-quality development in Beijing [6]

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、担保情况概述 广东领益智造股份有限公司（以下简称"公司"）分别于 2025 年 12 月 5 日和 2025 年 12 月 22 日召开第六届董事会第二十二次会议和 2025 年第六次临时股东 会，审议通过了《关于公司及子公司 2026 年度担保事项的议案》。为保证公司 及其子公司的正常生产经营活动，2026 年度公司（含控股子公司）拟为公司及 子公司的融资或其他履约义务提供担保，预计担保总额度合计不超过人民币 4,000,000 万元。在上述担保额度内，公司管理层可根据实际经营情况对公司（含 控股子公司）对子公司、子公司对公司之间的担保额度进行调配，亦可对新成立 的子公司分配担保额度。具体内容详见公司于 2025 年 12 月 6 日在巨潮资讯网 （www.cninfo.com.cn）上披露的《关于公司及子公司 2026 年度担保事项的公告》。 二、担保进展情况 近日，公司、公司全资子公司领益科技（深圳）有限公司（以下简称"领益 科技"）和中国银行股份有限公司深圳布吉支行（以下简称"中国银行"）签订了 《保 ...

Core Insights - The launch of the Lingyi Intelligent Manufacturing Beijing Embodied Intelligence Super Factory aligns with national strategic initiatives, making it a significant project in the embodied intelligence industry [1] - The factory's location in Yizhuang, integrated with the local robotics industry ecosystem, highlights the advantages of industrial chain clustering and government policy support [1] - Lingyi Intelligent Manufacturing aims to enhance its core manufacturing capabilities and global presence, targeting to become one of the top three global manufacturers of embodied intelligent hardware [1] Summary by Sections - **Factory Launch and Strategic Importance** - The Beijing super factory is a key response to national strategic demands, marking a significant milestone in the embodied intelligence sector [1] - **Integration with Local Industry** - Situated in Xiaomi Smart Port, the factory benefits from the concentration of over a dozen robotics companies, facilitating efficient project execution from planning to order acquisition [1] - **Manufacturing Capabilities and Future Goals** - The factory is designed to meet the manufacturing needs of the Beijing-Tianjin-Hebei region with micron-level processing precision and comprehensive manufacturing capabilities, aiming to transfer expertise from consumer electronics to robotics [1] - **National Focus and Development Goals** - With strong national support for innovation in Yizhuang, Lingyi Intelligent Manufacturing plans to leverage the Beijing super factory as a foundation for future growth and innovation in the industry [1]

Core Viewpoint - The launch of the Beijing Embodied Intelligence Super Factory by Lingyi Manufacturing aligns with national strategies for technological self-reliance and future industry development [1] Group 1: Strategic Location and Industry Context - The factory is located in Yizhuang, a key area for high-tech industries and a national-level economic development zone, which is recognized as a core carrier for innovation in information technology [1] - Lingyi Manufacturing chose this location due to Yizhuang's complete industrial chain ecosystem, abundant scientific and technological resources, and forward-looking industrial planning [1] - The establishment of the factory is in line with the national strategy to accelerate the construction of an international technology innovation center and cultivate new productive forces [1] Group 2: Operational Goals and Industry Impact - The Beijing Super Factory leverages over 20 years of precision manufacturing experience to create a "research first, production later" industrial closed loop, addressing the industry's challenges of easy R&D but difficult mass production [1] - The factory's planning includes securing intention orders, signing core partners, establishing four global bases, and targeting a production capacity of 500,000 sets [1] - With strong support from the national level for Yizhuang's innovation development, the Beijing Super Factory is expected to become a significant engine for the large-scale and global development of the embodied intelligence industry [1]

Core Insights - The global humanoid robot industry is predominantly led by China, which houses over 110 companies, accounting for more than 50% of the total 220 humanoid robot manufacturers worldwide [1] - China excels in hardware and integration segments, while the US leads in the "brain" segment, focusing on AI models and software [4][5] - China has filed approximately five times more humanoid robot patents than the US, with a total of 7,705 patents, indicating a strong emphasis on innovation and technology development [6] - The competition among China, the US, and Japan in the humanoid robot industry is characterized by distinct strategies and market focuses [9] Industry Overview - Major listed companies in China's humanoid robot sector include Huichuan Technology, Sanhua Intelligent Control, Lens Technology, Hengli Hydraulic, Top Group, Linying Intelligent Manufacturing, Zoomlion Heavy Industry, and Jinli Permanent Magnet [1] - The global humanoid robot industry is expected to reach a market size of 861 billion yuan by 2027, with China aiming for a fully controllable supply chain and over 70% localization of core components [9][11] Competitive Landscape - Chinese companies like Zhiyuan Robotics and UTree Technology are rapidly advancing in mass production and cost control, while US firms like Boston Dynamics and Tesla focus on core technology breakthroughs [11][12] - The strategic direction for Chinese firms includes low-cost strategies to expand into consumer and industrial markets, while US companies are investing heavily in AI and technology development [11] - Japan's approach is centered on precision manufacturing and specialized components, targeting healthcare and industrial applications [9][11] Patent and Innovation - China leads in humanoid robot patent applications, with 7,705 patents compared to the US's 1,561 and Japan's 1,102, showcasing its dominance in core technology areas [6] - The focus of Chinese patents includes body structure, intelligent perception, and drive control, indicating a comprehensive approach to technology development [6] Market Projections - By 2027, the humanoid robot market is projected to achieve significant growth, with China aiming for a market scale of 861 billion yuan and the US targeting over 40% of the global market share [9][11]

Group 1 - Samsung Electronics is set to begin mass production of HBM4 as early as the third week of February, which will be used in NVIDIA's next-generation AI computing platform, Vera Rubin [2] - The storage industry is expected to see its value rise to $551.6 billion by 2026, driven by the AI boom, which is more than double the value of the foundry industry, projected to reach $218.7 billion [2] - Lingyi iTech has established an embodied intelligence super factory in Beijing, aiming for a production capacity of 10,000 units by 2026, expanding to 50,000 units by 2030 [2] Group 2 - Samsung Display is considering expanding its OLED panel production capacity in response to Apple's plans to launch the iPhone Flip, following the iPhone Fold [2]

Core Insights - Guangdong Lingyi Intelligent Manufacturing Co., Ltd. has launched a super factory in Beijing, which is a key component of its "embodied intelligence" strategy and aims to significantly boost its robot business by 2025 [1][4] Group 1: Factory and Production Capacity - The Beijing super factory is planned to have an annual production capacity of 500,000 units, with initial targets of 10,000 units in 2026 and 20,000 units in 2027 [5] - The factory will serve as a "manufacturing engine" for the Beijing-Tianjin-Hebei region's embodied intelligence industry [5] Group 2: Partnerships and Ecosystem - Lingyi Intelligent Manufacturing has signed partnership agreements with several companies, including Beijing Humanoid Robot Innovation Center and Magic Atom Robotics, to enhance its manufacturing capabilities [4] - The company aims to establish a global network of four major embodied intelligence manufacturing bases, including locations in Beijing, Chengdu, Dongguan, and India, to meet local and international market demands [4] Group 3: Technological Capabilities - The super factory will provide a one-stop manufacturing service, covering precision structural components, core modules, and complete machine assembly and testing [5] - Lingyi Intelligent Manufacturing offers comprehensive ODM services, allowing for customized hardware and software solutions tailored to client needs [6] Group 4: Strategic Goals and Market Position - The company is targeting to become one of the top three global manufacturers in the embodied intelligence hardware sector [4] - By 2025, Lingyi Intelligent Manufacturing plans to complete over 5,000 units of humanoid robot hardware and assembly services, showcasing its capabilities at international events like CES [5]