Core Viewpoint - The company, UBTECH Robotics, has secured its first procurement contract for humanoid robots in industrial manufacturing, marking a significant step in the commercialization of humanoid robots in automotive factories [1][3]. Group 1: Procurement Contract Details - UBTECH announced on April 27 that it signed a procurement contract for humanoid robots, specifically the Walker S1 and Walker C models, with a known automotive manufacturer, Dongfeng Liuzhou Motor [1][3]. - The contract involves a "small batch" of humanoid robots, with a total of 20 units to be deployed by Dongfeng Liuzhou Motor by mid-2025, representing the first mass entry of humanoid robots into automotive factories globally [3]. Group 2: Business Strategy and Goals - The procurement contract signifies a solid step towards the commercial application of humanoid robots in industrial settings, with the company planning to continue its focus on research and commercialization of humanoid robots [3]. - The CEO of UBTECH stated that the company aims to produce approximately 1,000 humanoid robots this year to gather more data in real customer environments [3]. Group 3: Financial Performance - In its annual report, UBTECH reported a total revenue of 1.305 billion yuan for 2024, reflecting a year-on-year increase of 23.7%, while the loss narrowed to 1.16 billion yuan from 1.265 billion yuan in 2023, a reduction of 8.3% [4][5]. - The gross profit increased from 3.328 billion yuan in 2023 to 3.74 billion yuan in 2024, representing a year-on-year growth of 12.4%, although the gross margin decreased from 31.5% to 28.7% [5].