Core Viewpoint - The LeadeRobot annual list serves as a key indicator of the development of the Chinese robotics industry, highlighting both leading companies and innovative newcomers, and is based on rigorous selection by industry experts [1][2]. Group 1: Leading Companies List - The "LeadeRobot 2025 Annual List of Leading Chinese Robotics Companies TOP 50" features established companies that have demonstrated significant industry expertise across various sectors, including industrial robots, service robots, and humanoid robots [3]. - These leading companies are recognized for their technological advancements and their ability to provide complex solutions, integrating deeply into automated production lines and global supply chains [3]. - The publication of this list establishes a credible reference point for the industry, showcasing the solid foundation and deep accumulation of the Chinese robotics sector, which is expected to lead to higher quality advancements on the global stage [3]. Group 2: Emerging Stars List - The "LeadeRobot 2025 Annual List of Emerging Stars in the Era of Embodied Intelligence TOP 50" focuses on innovative companies that are early-stage explorers in the field of embodied intelligence, showcasing unique technological paths and strong growth potential [8]. - These emerging stars are characterized by their innovative algorithms, novel mechanical designs, and cutting-edge material applications, indicating a promising future for next-generation robotics technology [8]. - This list serves as a concentrated scan of industry innovation and provides direction for investment and collaboration, highlighting companies that target clear commercial scenarios with high growth and innovation capabilities [8]. Group 3: Influential Figures List - The "LeadeRobot 2025 Annual List of Influential Figures in the Chinese Robotics Industry" honors key leaders who drive the industry's evolution through strategic insights and entrepreneurial spirit [12]. - This list includes entrepreneurs who have successfully navigated development bottlenecks, scientists who have made breakthroughs in fundamental principles, and innovators who have transformed ideas into products [12]. - The recognition of these figures aims to establish role models within the industry, celebrating those who contribute significantly to the high-quality development of the Chinese robotics sector [12].

Group 1 - The mechanical sector has shown strong performance in 2025, with the Shenwan Mechanical Equipment Index rising by 36.11%, outperforming the Shanghai Composite Index by 19.74 percentage points and the Shenzhen Component Index by 8.78 percentage points [4][16][19] - In the first three quarters of 2025, the mechanical industry reported revenues of 15,135.34 billion yuan, a year-on-year increase of 7.35%, and a net profit attributable to shareholders of 1,080.76 billion yuan, up 16.80% year-on-year [4][22][27] - The public fund allocation ratio for the mechanical equipment sector increased by 0.25 percentage points in Q3 2025 compared to Q3 2024, indicating improved fundamentals and positive policy impacts [29] Group 2 - The equipment manufacturing industry has maintained export resilience, with significant growth in new overseas markets. From January to October 2025, the export delivery value of general equipment, specialized equipment, and transportation equipment reached 6,173.20 billion yuan, 5,319.30 billion yuan, and 4,124 billion yuan respectively, with year-on-year growth rates of 5.5%, 9.3%, and 24.20% [5][33][36] - The overseas sales of engineering machinery continued to grow, with a year-on-year increase of 11.84% in export value from January to October 2025, driven by technological innovation and diversified market strategies [37][41] - The motorcycle industry has established a strong competitive advantage in overseas markets, with exports reaching 1,101.85 million units and 7.278 billion USD in value from January to October 2025, reflecting a year-on-year increase of 22.28% and 28.2% respectively [42][43] Group 3 - The emergence of new manufacturing scenarios signifies a profound transformation from "single technology upgrades" to "systematic ecological restructuring," enhancing production efficiency, product quality, and innovation capabilities [5][46] - Human-shaped robots are expected to address customization challenges in traditional manufacturing, with a market space projected to expand significantly as they transition from industrial applications to household use [47][54] - The intelligent logistics equipment market in China is expected to grow rapidly, with a projected market size of 1,261 billion yuan in 2025, driven by advancements in IoT and AI technologies [64][72]

现场还宣读了《关于批准成立江苏省具身智能机器人标准化技术委员会的批复》，为江苏省具身智能机器人标准化技术委员会秘书处承担单位授印，并为 主任委员等颁发证书。来自苏州大学、上海机器人产业技术研究院、苏州职业技术大学、中国信息通信研究院人工智能研究所、埃斯顿酷卓科技有限公 司、天奇股份（002009）等单位的专家围绕具身智能技术前沿、产业实践、人才培养、标准建设、数据驱动等作主题报告。 校对潘政 据悉，南京拥有较好的工业机器人、软件产业基础以及省内较多的高校院所，埃斯顿酷卓、蔚蓝科技、南京天创等具备较大发展潜力。苏州在具身智能机 器人整机及关键零部件领域拥有魔法原子、绿的谐波等优势企业，吴中区是全省首批未来产业(人形机器人)先行集聚发展试点，已发布多款人形机器人。 无锡近几年引进和培育了优奇智能、软通天擎、巨蟹智能等行业领先的整机及零部件企业，正加快建设多个人形机器人产业园。常州集聚了鼎智科技、坤 维科技、富兴电机等成长性较强的关键零部件制造企业。 江苏省工信厅相关负责人表示，将以更大力度推进产业规划、短板攻关、平台建设、推广应用、产业活动等工作，指导联盟在促进产业对接、打响活动品 牌、做好人才和金融服务、推进标 ...

Core Viewpoint - Estun Automation's successful filing for a Hong Kong IPO marks a significant step in its strategy to establish an "A+H" dual capital platform, positioning the company to leverage the rapid growth of the global industrial automation market and China's manufacturing sector [1] Group 1: Technology-Driven Competitive Edge - Estun's core strategy is to achieve full control over the industrial chain, from key components to complete robots and industry solutions, underpinned by a strong technological foundation [2] - The company has significantly increased its R&D investment from 402 million yuan in 2022 to 503 million yuan in 2024, with R&D accounting for 12.5% of revenue, well above the industry average [4] - Estun has a robust R&D team of over 1,000 employees, holding 610 patents and 433 software copyrights, and has participated in multiple significant national projects, showcasing its technological strength [6] - The company has developed a 700kg heavy-duty industrial robot that has been recognized as a benchmark product in China, achieving 100% localization of core components [6] - Estun's robots have received the first TÜV CE functional safety certificate in China, enhancing its credibility in international markets, particularly in Europe [7] Group 2: Global Expansion Strategy - Estun's overseas revenue has consistently accounted for about 34% of total revenue, with gross profit contribution from international markets rising from 31.2% to 39.1% over three years, indicating strong market presence [10][11] - The company operates 75 service points and 7 manufacturing bases globally, with a new facility in Poland set to enhance its European production capabilities [12] - Strategic acquisitions have accelerated Estun's global expansion, including the purchase of high-end motion control and welding technology companies, which have strengthened its market position [12] Group 3: Dual Capital Platform for Long-Term Growth - The Hong Kong IPO is timely, coinciding with a booming global industrial robot market projected to grow from $14.7 billion in 2020 to $25.4 billion in 2024, with a CAGR of 15.4% [14] - Funds raised will be directed towards global capacity expansion, upstream and downstream investments, and R&D projects, particularly in integrating AI with robotics [15] - Estun is also venturing into humanoid robotics, aiming to lead in the field of embodied intelligence, with the launch of its second-generation humanoid robot [15] - The establishment of an innovation center aims to consolidate industry resources and accelerate the application of cutting-edge technologies [16] - The dual capital platform enhances Estun's international visibility and governance, allowing for more strategic resource allocation and long-term investment in technology [17]

Core Viewpoint - The company has received a notice from the China Securities Regulatory Commission regarding its plan to issue up to 177 million overseas listed common shares and list them on the Hong Kong Stock Exchange [1] Group 1 - The company intends to issue no more than 177 million shares for overseas listing [1] - The listing is planned to take place on the Hong Kong Stock Exchange [1] - The company must update its filing materials if the overseas issuance is not completed within 12 months from the date of the notice [1]

智通财经APP讯，埃斯顿(002747.SZ)公告，公司正在进行申请发行境外上市外资股(H股)并在中国香港 联交所主板挂牌上市的相关工作，公司于近日收到中国证券监督管理委员会出具的《关于南京埃斯顿自 动化股份有限公司境外发行上市备案通知书》。 ...

Group 1 - The China Securities Regulatory Commission has issued a notice regarding Nanjing Estun Automation Co., Ltd.'s overseas issuance and listing, with plans to issue no more than 176,765,200 overseas listed ordinary shares on the Hong Kong Stock Exchange [1] - Estun is recognized as a leading Chinese industrial robotics company, maintaining the highest shipment volume among domestic enterprises in the Chinese industrial robotics solutions market for several consecutive years [3] - According to Frost & Sullivan, Estun is projected to achieve a historic milestone in Q1 2025, surpassing foreign brands in domestic industrial robot shipments, becoming the first domestic robot company to lead the Chinese market [3] Group 2 - Financially, Estun reported revenues of approximately 3.881 billion RMB, 4.652 billion RMB, and 4.009 billion RMB for the years 2022, 2023, and 2024, respectively [3] - The company's net profits for the same years were approximately 184 million RMB, 134 million RMB, and a loss of 818 million RMB [3]

Group 1 - The core viewpoint of the news is that Nanjing Estun Automation Co., Ltd. plans to issue up to 176,765,200 overseas listed ordinary shares and list them on the Hong Kong Stock Exchange [1] - Estun is recognized as a leading domestic industrial robot company in China, maintaining the highest shipment volume among domestic enterprises in the industrial robot solutions market for several consecutive years [3] - According to Frost & Sullivan, Estun is expected to achieve a historic milestone in Q1 2025, surpassing foreign brands in domestic industrial robot shipments and becoming the first domestic company to lead the Chinese industrial robot solutions market [3] Group 2 - Financially, Estun reported revenues of approximately 3.881 billion RMB, 4.652 billion RMB, and 4.009 billion RMB for the years 2022, 2023, and 2024, respectively [3] - The net profits for the same periods were approximately 184 million RMB, 134 million RMB, and a loss of 818 million RMB for 2022, 2023, and 2024, respectively [3]

三、公司完成境外发行上市后 15 个工作日内，应通过中国证监会备案管理 信息系统报告发行上市情况。公司在境外发行上市过程中应严格遵守境内外有关 法律、法规和规则。 股票代码：002747 股票简称：埃斯顿 公告编号：2025-073号 南京埃斯顿自动化股份有限公司 关于发行境外上市外资股（H 股）获得中国证监会备案的公告 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。 南京埃斯顿自动化股份有限公司（以下简称"公司"）正在进行申请发行境 外上市外资股（H 股）并在香港联合交易所有限公司（以下简称"香港联交所"） 主板挂牌上市的相关工作（以下简称"本次境外发行上市"），公司于近日收到中 国证券监督管理委员会（以下简称"中国证监会"）出具的《关于南京埃斯顿自 动化股份有限公司境外发行上市备案通知书》（国合函〔2025〕2205 号）（以下 简称"备案通知书"）。备案通知书主要内容如下： 一、公司拟发行不超过 176,765,200 股境外上市普通股并在香港联交所上 市。 二、自备案通知书出具之日起至本次境外发行上市结束前，公司如发生重大 事项，应根据境内企业境外发行 ...

智通财经APP获悉，12月9日，中国证监会国际合作司发布《关于南京埃斯顿自动化股份有限公司境外发行上市备案通知书》。埃斯顿(002747.SZ)拟发行不 超过176,765,200股境外上市普通股并在香港联合交易所上市。 据招股书，埃斯顿是一家中国工业机器人企业。根据弗若斯特沙利文的资料，该公司在中国工业机器人解决方案市场的国产企业中，出货量连续多年保持第 一。根据同一机构的资料，该公司于2025年第一季度取得历史性突破，国内市场上工业机器人出货量超越外资品牌，成为首家登顶中国工业机器人解决方案 市场的国产机器人企业。 财务方面，于2022年度、2023年度以及2024年度，埃斯顿实现收入分别约为38.81亿元、46.52亿元、40.09亿元人民币;同期年内利润分别约为1.84亿元、1.34 亿元、-8.18亿元人民币。 ...