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Core Viewpoint - 361 Degrees has entered a strategic partnership with Stand Robot to enhance the development of wearable robotics and smart materials, leveraging each other's strengths and resources [1][6]. Group 1: Strategic Partnership - The partnership aims to establish a strategic relationship in the fields of wearable robotics clothing, footwear, accessories, and smart materials [1][6]. - 361 Degrees plans to utilize its international market resources to assist Stand Robot in global sales of embodied intelligent robots, particularly in commercial applications [6][7]. - The collaboration goes beyond traditional product or technology supply, focusing on deep integration based on underlying research and development [6][7]. Group 2: Company Performance - For the first half of 2025, 361 Degrees reported a revenue of 5.705 billion RMB, an increase of 11% year-on-year [8][9]. - Gross profit reached 2.366 billion RMB, also up by 11.4% compared to the previous year [8][9]. - Net profit for the same period was 857.69 million RMB, reflecting an 8.6% increase year-on-year [8][9]. Group 3: Market Position and Expansion - As of June 30, 2025, 361 Degrees operated 5,669 stores in mainland China, with approximately 76% located in third-tier cities and below [9][10]. - The company has established 1,357 offline sales points in international markets, including a successful direct store in Kuala Lumpur, Malaysia [9][10]. - The introduction of super stores has strengthened the brand's differentiated advantage, with 49 such stores established by mid-2025 [10].