Core Viewpoint - The implementation of anti-involution policies in the photovoltaic industry is expected to promote healthy and orderly development, leading to a gradual recovery in prices across various segments and an improvement in industry profitability [2] Industry Summary - The anti-involution policies are driving a gradual rebound in prices within the photovoltaic sector, which is anticipated to enhance the overall profitability of the industry [2] - As these policies deepen, the prices of silicon wafers are also expected to rise, contributing to the recovery of profitability in related businesses [2] Company Summary - The company has reported a return to profitability in the third quarter, attributed to the ongoing effects of anti-involution policies and internal cost reduction and efficiency improvement measures [2] - The company's cutting and processing services for silicon wafers are seeing a recovery in profitability, which is expected to further enhance the main business's profitability [2] - The company is committed to actively monitoring and responding to relevant anti-involution policies [2]

证券日报网讯高测股份11月14日在互动平台回答投资者提问时表示，公司复合金属腱绳产品目前尚未供 应给小鹏机器人，公司将不断实现产品优化升级，同时积极拓展海内外更多客户。 ...

Core Insights - Recently, Gaoce Intelligent (Shanghai) Robot Co., Ltd. was established with a registered capital of 100 million yuan [1] - The company is involved in the manufacturing of special operation robots, service consumer robots, and the research and development of intelligent robots [1] - Gaoce Intelligent is wholly owned by Gaoce Co., Ltd. through indirect shareholding [1]

Core Viewpoint - The recent anti-involution policies in the photovoltaic industry are expected to promote healthy and orderly development, leading to a gradual recovery in prices and profitability across various segments of the industry [1] Company Summary - The company acknowledges that the anti-involution policies are beneficial for its main business, as they contribute to the recovery of silicon wafer prices, which in turn enhances the profitability of its silicon wafer cutting and processing services [1] - The company reported a profit in the third quarter, indicating a positive trend in its main business profitability, which is anticipated to continue improving due to ongoing cost reduction and efficiency enhancement efforts [1] - The company is committed to actively monitoring and responding to the developments related to the anti-involution policies [1]

Core Viewpoint - The company, Gaoce Co., Ltd. (688556.SH), has developed a composite tungsten wire tendon rope that features a very small bending radius and a unique molecular structure design, providing superior wear resistance and fatigue performance, which is highly recognized by clients [1] Group 1: Product Features - The composite tungsten wire tendon rope offers a very small bending radius, enhancing its flexibility and usability in various applications [1] - The unique molecular structure design of the product contributes to improved wear resistance and fatigue performance, making it suitable for demanding environments [1] Group 2: Market Recognition and Demand - The product has received high recognition from clients, indicating strong market acceptance and potential for growth [1] - Several robotics-related clients are currently testing the product, which suggests a positive reception and potential for future orders [1] - The company has secured small batch sales orders from multiple clients and is engaged in in-depth R&D collaborations with leading domestic enterprises [1]

Core Viewpoint - The company has established a new subsidiary, Gaoce Intelligent (Shanghai) Robot Co., Ltd., focusing on the research, development, manufacturing, and sales of core components and processing equipment for humanoid robots, capitalizing on the growing market and policy incentives in the humanoid robot industry [1] Company Summary - The new subsidiary was set up on November 13, 2025, with a registered capital of 100 million yuan, funded by the company's wholly-owned subsidiary, Hainan Gaoce [1] - The company has developed a platform technology system consisting of precision cutting, precision grinding, and electroplating chemistry, demonstrating core capabilities for rapid migration of R&D scenarios [1] - The company has already customized products in the humanoid robot field, including dexterous hands with composite metal tendons, planetary roller screw grinding equipment, and reducers [1] - The establishment of the new robot company will allow for independent operation of robot-related businesses and enhance deep cooperation with customers and supply chain partners, further promoting the company's humanoid robot business strategy [1] Industry Summary - The humanoid robot industry is experiencing significant policy and market benefits, with a clear trend towards large-scale industrial development [1]

Core Viewpoint - The company has established a new subsidiary, Gaoce Intelligent (Shanghai) Robot Co., Ltd., focusing on the research, development, manufacturing, and sales of core components and processing equipment for humanoid robots, capitalizing on the growing market and policy incentives in the humanoid robot industry [1] Company Developments - The new company was set up on November 13, 2025, with a registered capital of 100 million yuan, funded by the company's wholly-owned subsidiary, Hainan Gaoce [1] - The establishment of the specialized robot company aims to operate independently and enhance collaboration with customers and supply chain partners, further advancing the company's humanoid robot business strategy [1] Industry Trends - The humanoid robot industry is experiencing significant policy and market benefits, with a clear trend towards large-scale industrial development [1] - The company has developed a robust technological foundation with three platform technology systems: precision cutting, precision grinding, and electroplating chemistry, enabling rapid migration of research and development scenarios [1] - The company has already customized products in the humanoid robot sector, including dexterous hands with composite metal tendons, planetary roller screw grinding equipment, and reducers [1]

Core Viewpoint - The company, Gaoce Co., Ltd. (688556.SH), has developed a composite tungsten wire tendon rope that features a very small bending radius and a unique molecular structure design, providing superior wear resistance and fatigue performance, which is highly recognized by clients [1] Group 1: Product Features - The composite tungsten wire tendon rope offers a very small bending radius, enhancing its flexibility and usability in various applications [1] - The unique molecular structure design of the product contributes to improved wear resistance and fatigue performance, making it suitable for demanding environments [1] Group 2: Market Recognition and Demand - The product has received high recognition from clients, indicating strong market acceptance and potential for growth [1] - Several robotics-related clients are currently testing the product, showcasing its relevance in the robotics industry [1] - The company has secured small batch sales orders from multiple clients, reflecting initial commercial success [1] Group 3: Collaboration and Development - The company is engaged in in-depth research and development collaborations with leading domestic enterprises, which may enhance its technological capabilities and market position [1]

Core Viewpoint - The company, Gaoce Co., Ltd. (688556.SH), has indicated that its composite metal tendon products are not currently supplied to Xiaopeng Robotics, while it aims to continuously optimize and upgrade its products and actively expand its customer base both domestically and internationally [1] Group 1 - The company has not yet supplied its composite metal tendon products to Xiaopeng Robotics [1] - The company is focused on product optimization and upgrades [1] - The company is actively seeking to expand its customer base in both domestic and international markets [1]

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