Xiantong Stock(SH:603239) Zheng Quan Ri Bao Wang·2025-09-25 02:58Core Viewpoint - Zhejiang Xiantong has announced a partnership with Shanghai Haohai Xingkong Robot Co., Ltd. to establish a joint venture focused on the robotics sector, particularly in education, healthcare, and commercial applications [1][2]. Group 1: Joint Venture Details - The joint venture will have a registered capital of 20 million RMB, with Zhejiang Xiantong contributing 10.2 million RMB (51%) and Haohai Xingkong contributing 9.8 million RMB (49%) [1]. - The joint venture will focus on robot assembly, key component development, supply chain management, and after-sales services [1]. Group 2: Investment and Strategic Goals - Zhejiang Xiantong plans to invest 40 million RMB to acquire a 10% stake in Haohai Xingkong, which will support the establishment of a robot production base [1]. - The collaboration aims to leverage Zhejiang Xiantong's expertise in polymer materials and precision mold development to meet the lightweight structural needs of robots [2]. Group 3: Operational Synergies - The joint venture will provide complete production services for Haohai Xingkong's intelligent robots and will engage in core component development [2]. - Zhejiang Xiantong will manage production, quality control, and supply chain optimization, while Haohai Xingkong will contribute technology, patents, and market support [2][3]. Group 4: Leadership and Governance - The governance structure of the joint venture will feature a complementary leadership model, with Zhejiang Xiantong's former controlling shareholder serving as chairman and Haohai Xingkong's chairman as vice-chairman [3]. - This structure is designed to ensure efficient collaboration in strategy and execution [3]. Group 5: Market Context and Future Outlook - The partnership is seen as a significant move for Zhejiang Xiantong to diversify its business and explore new growth avenues in the robotics industry [2]. - The collaboration is expected to enhance product development and industrialization efficiency by integrating technology and manufacturing capabilities [3].