Core Viewpoint - Dechang Motor Holdings (00179) has seen its stock price increase by over 220% year-to-date, with a current rise of 9.5% to HKD 33.88, supported by strong trading volume of HKD 424 million [1] Group 1: Joint Ventures and Market Focus - In July, Dechang Motor Holdings announced the establishment of two joint ventures with Shanghai Mechanical (600835), aimed at serving the domestic humanoid robot market [1] - The joint ventures include a design and manufacturing company, where Dechang holds a 51% stake, and a sales company, where Dechang holds a 49% stake [1] - Planned products from these joint ventures include joints for the waist, hips, knees, and ankles, as well as dexterous hand actuators and sensors [1] Group 2: Sales and Growth Expectations - Despite a 2% decline in sales for the first quarter, Citigroup expects sales to recover in the second and third quarters due to a solid backlog of orders [1] - The company is experiencing positive momentum in the humanoid robotics market, which is anticipated to create larger business opportunities [1] Group 3: Diversification and Innovation - According to the company's annual report, Dechang Motor Holdings is focusing on differentiated and innovative drive system solutions, including robotics, warehouse automation, medical devices, electric bicycles, and high-precision manufacturing and measurement equipment [1] - The company plans to enter the AI server thermal management system business, which includes components like cooling pumps [1] - The newly launched DCP series liquid cooling pumps, set to debut in May 2025, are designed for modern data centers and AI server architectures, featuring high efficiency, low noise, and modular design [1]