OLYMPIC(SH:603920) Ge Long Hui·2025-10-17 10:15Core Viewpoint - The company has developed a comprehensive technical capability in PCB products for humanoid robots, focusing on core control modules and drive systems, and is now entering the mass production phase with key partners in North America and China [1] Group 1: Collaboration and Development - Since 2020, the company has been collaborating with a leading North American humanoid robot enterprise on joint R&D, resulting in three generations of product iterations [1] - The company has established a technical moat in key indicators such as signal transmission stability and anti-interference [1] Group 2: Mass Production and Supply Chain - The company has reached a cooperation intention for product supply in the mass production phase and is preparing for key steps, including reserving dedicated production line capacity and completing supply chain coordination [1] - The first batch of mass production samples has been delivered and verified, with subsequent orders expected to be fulfilled as customer production capacity is released [1] Group 3: Domestic Market Expansion - In addition to its overseas advantages, the company is expanding into the domestic humanoid robot PCB market, having established partnerships with three leading domestic humanoid robot companies [1] - One project has entered the small batch supply stage, while another is in the late stage of sample verification, focusing on high-power drive module PCB products [1] Group 4: Future Investment and Growth - The company plans to increase R&D investment in the humanoid robot PCB field, with a focus on breakthroughs in high-density interconnection and lightweight substrate applications [1] - The goal is to deepen cooperation with domestic and international customers, gradually transforming the robotics-related business into a new growth driver for the company [1]