Core Viewpoint - 德昌电机控股 has established two joint ventures with Shanghai Mechanical and Electrical, aiming to serve the domestic humanoid robot market, which is expected to enhance its capabilities in manufacturing core components for humanoid robots [1] Group 1: Company Developments - 德昌电机控股's stock rose over 3%, currently trading at 23.6 HKD with a transaction volume of 47.21 million HKD [1] - The joint ventures consist of a design and manufacturing company where 德昌电机控股 holds a 51% stake, and a sales company where Shanghai Mechanical and Electrical holds the majority [1] - The products to be developed include joints for the waist, hips, knees, and ankles, as well as dexterous hand actuators and sensors [1] Group 2: Industry Outlook - According to Cathay Haitong, 德昌电机控股 has a strong foundation in motor design and manufacturing, and the collaboration with Shanghai Mechanical and Electrical is expected to enhance its financial strength and capabilities in non-motor components [1] - The partnership is anticipated 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 in this sector [1]