Xiantong Stock(SH:603239) Zheng Quan Shi Bao Wang·2025-09-23 14:49Core Viewpoint - Zhejiang Xiantong has signed an investment cooperation framework agreement with Shanghai Haohai Xingkong Robot Co., Ltd., planning to invest 40 million yuan for a 10% stake, focusing on establishing a joint venture for robot production, which is unrelated to its current main business [1][2] Group 1: Investment and Joint Venture - The investment of 40 million yuan will allow Zhejiang Xiantong to hold a 10% stake in Haohai Xingkong [1] - A joint venture will be established to build a robot production base, with Zhejiang Xiantong as the controlling party [1] - This collaboration marks a new business direction for Zhejiang Xiantong, which may introduce operational uncertainties [1] Group 2: Company Background and Financials - Haohai Xingkong, founded in May 2025, focuses on mobile intelligent service robots in medical, educational, and commercial sectors, with a pre-investment valuation of 360 million yuan [2] - As of August 2025, Haohai Xingkong reported a main business revenue of 14.42 million yuan, with a profit total of -6,816 yuan [2] - Zhejiang Xiantong, established in 1994, specializes in automotive sealing parts and has a strong client base including major automotive manufacturers [2] Group 3: Recent Performance and Future Plans - In the first half of 2025, Zhejiang Xiantong achieved a revenue of 672 million yuan, a year-on-year increase of 21.10%, and a net profit of 107 million yuan, up 17.10% [3] - The company plans to invest approximately 1 billion yuan to expand production capacity, including a new project in the Xianju Economic Development Zone [3] - The new project aims to alleviate capacity bottlenecks and enhance product delivery capabilities, meeting the growing market demand [3]