Ge Long Hui·2025-07-21 07:21Core Viewpoint - The company has established a long-term partnership with a major North American client, enhancing its innovation capabilities and resilience against market cycles through collaborative development and ecosystem synergy [1] Group 1: Client Relationships - The company has a history of cooperation with its North American major client since the initial product generation, positioning itself as a core supplier [1] - Revenue from the North American major client has decreased as a percentage of total revenue, indicating growth in new clients, projects, and products [1] Group 2: Product and Service Offerings - The company collaborates with Rokid across multiple dimensions, providing a comprehensive range of services from design to assembly, leveraging its strong vertical integration capabilities [1] - In the robotics sector, the company has partnered with Zhiyuan Robotics to deliver the Lingxi X1 humanoid robot and has made strategic investments in related companies to enhance collaboration in technology innovation and cost optimization [1] Group 3: Market Position and Future Growth - The company aims to create the largest core manufacturing platform for embodied intelligent hardware in China, with plans to expand its product categories and services, driving rapid growth in its robotics business [1]