Core Viewpoint - Zhenyu Technology plans to invest 2.11 billion RMB in humanoid robot precision module and component projects from 2025 to 2030, indicating a strategic shift towards robotics and precision manufacturing [1][2]. Investment Plans - The company intends to sign a strategic cooperation agreement with Ninghai County to establish precision component manufacturing and humanoid robot projects, with a total investment of 2.11 billion RMB [1]. - The first phase of the investment agreement is expected to be signed soon, and this investment does not constitute a related party transaction or a major asset restructuring [1]. Financial Performance - For the first three quarters of 2025, Zhenyu Technology reported a revenue of 6.593 billion RMB, a year-on-year increase of 31.47%, and a net profit attributable to shareholders of 412 million RMB, up 138.93% [1]. Product Development - The company has developed three main product series in the robotics sector, including reverse planetary roller screw, linear actuators, and dexterous precision components, which have received small batch orders from domestic and international clients [2]. - Zhenyu Technology believes it has a first-mover advantage in humanoid robot product development and small batch delivery, necessitating the construction of related production capacity in emerging fields [2]. Funding and Financial Health - The funding for the new investment will come from the company's own or self-raised funds, and the company’s financial condition is reported to be good, indicating that the investment will not adversely affect normal operations [2]. Project Timeline and Risks - The project construction will take time, and there is uncertainty in downstream demand. The revenue structure is not expected to change significantly in the short term after project completion [2]. - Initial phases of the project may experience underutilization of capacity, potentially impacting current profitability, but long-term benefits are anticipated as capacity utilization improves [2]. Termination of Electric Vehicle Investment - Zhenyu Technology has decided to terminate its investment in the core components of the electric vehicle power system by dissolving its wholly-owned subsidiaries, Taicang Vanster and Jiangsu Vanster [4]. - The company plans to relocate the production capacity of Taicang Vanster to a new facility in Suzhou, which will become the largest and most intelligent electric vehicle motor core production base in China [4]. Resource Optimization - The decision to terminate the Taicang project is aimed at resource integration, reducing management layers, and enhancing operational efficiency, with no detriment to the interests of the company or its shareholders [5].