Core Viewpoint - Hongchang Technology (301008) is actively expanding its investment in high-quality joints, leveraging partnerships with several domestic humanoid robot companies and enhancing its ownership stake in the invested entity [1] Group 1: Company Developments - The core team of the invested high-quality joints comes from a well-known Japanese reducer company [1] - The company has established good cooperative relationships with several domestic humanoid robot companies, including Zhujie Power, Yushu, Wuba Intelligent, and Lens Technology [1] - The new manufacturing plant located in Pinghu has been preliminarily constructed, indicating progress in production capabilities [1] Group 2: Strategic Initiatives - The company has agreed on priority acquisition rights related to the investment in high-quality joints at the beginning of this year [1] - There have been multiple rounds of communication with relevant shareholders to actively promote an increase in the company's ownership stake in high-quality joints [1] - Frequent communications have occurred between the company's chairman and general manager with the leadership of Nidec Transmission in China, focusing on business alignment and deepening cooperation [1] - Future plans include a visit to the Japanese headquarters alongside Nidec Transmission's leadership [1]