China Securities Co., Ltd.: SHOUCHENG (00697) The first national Siasun Robot & Automation technology experience store is set up to maintain a "buy" rating.

China Securities Co., Ltd. released a research report stating that SHOUCHENG (00697) is building an investment and operation business matrix in the infrastructure and technology asset fields, creating an innovative model of "asset cycle + digital operation." In the field of Siasun Robot&Automation, the company is promoting an integrated development path of "investment + operation + ecology" towards transforming into a comprehensive service platform enterprise. While the business has growth attributes, the company also has high dividend value attributes, with the bank being bullish on the company's development prospects. The bank expects the company to achieve revenues of HK$14.79 billion, HK$17.92 billion, and HK$21.43 billion, with net profits attributable to shareholders of HK$5.87 billion, HK$7.54 billion, and HK$9.09 billion in 2025-2027, maintaining a "buy" rating. On October 1, 2025, SHOUCHENG officially opened the first national Siasun Robot&Automation consumer scene with normalized operation - "Taozhuxin Zaoju" (tentative name) Siasun Robot&Automation technology experience store, located in Rongshi Square, Beijing, and also made a flash appearance at T3 Terminal of Capital Airport and Chunxi Road in Chengdu. The Siasun Robot&Automation technology experience store has built an integrated consumption loop of "selection - experience - delivery - service," showcasing over 200 Siasun Robot&Automation products for home companionship, education and entertainment, healthcare and wellness, sports and entertainment, among other scenarios. Consumers can experience firsthand, truly achieving "touchable, learnable, usable, portable." The Siasun Robot&Automation technology experience store is an important extension of the SHOUCHENG Siasun Robot&Automation industrial chain towards the consumer end. In the future, the company plans to open multiple Siasun Robot&Automation technology experience stores in core cities nationwide, forming an integrated consumption scenario through the linkage of online live streaming rooms and offline stores, promoting Siasun Robot&Automation to truly enter into millions of households.