Xiantong Stock(SH:603239) Zheng Quan Shi Bao Wang·2025-10-29 10:20Core Viewpoint - Zhejiang Xiantong is actively expanding into the robotics sector through investments and partnerships, indicating a strategic shift towards emerging business areas while maintaining its core operations in the automotive sealing strip industry [1][2] Group 1: Investment Agreements - The second largest shareholder, Li Qifu, signed an investment agreement with Qiteng Robotics to invest 130 million yuan in the company's increased registered capital of 1.9715 million yuan [1] - A supplementary agreement was also signed, stipulating that within seven months after the investment, Li Qifu will assist Zhejiang Xiantong in establishing an initial production capacity of over 1,000 Qiteng explosion-proof robots annually and provide technical worker training [1] - The agreements are described as intentions between Li Qifu and Qiteng Robotics, not formal orders, highlighting the preliminary nature of the investment [1] Group 2: Business Development - Zhejiang Xiantong is positioning itself in the robotics industry, which is considered an emerging business area, while its current production capacity and revenue in this sector remain uncertain [1] - The company emphasizes that the robotics business is not related to its main operations, which focus on supplying sealing strips to automotive manufacturers, indicating a diversification strategy [1] - In a previous announcement, Zhejiang Xiantong planned to invest 40 million yuan in Haohai Xingkong, acquiring a 10% stake, and establishing a joint venture focused on robotics-related business [2]