Group 1 - The core point of the article is that 德昌电机控股 (Dachang Electric) has established two joint ventures with 上海机电 (Shanghai Electric) to target the domestic humanoid robot market, leading to a stock price increase of over 3% [1] - The joint ventures include a design and manufacturing company where 德昌电机控股 holds a 51% stake and a sales company where 上海机电 holds the majority [1] - The products to be developed include key components such as waist, hip, knee, and ankle joints, as well as dexterous hand actuators and sensors [1] Group 2 - 国泰海通 (Guotai Junan) believes that 德昌电机控股's deep experience in motor design and manufacturing will be enhanced through collaboration with 上海机电, improving financial strength and capabilities in non-motor components [1] - The partnership is expected to strengthen 德昌电机控股's ability to develop core component systems for humanoid robots, indicating a positive long-term development outlook for the company [1]