Core Viewpoint - The company plans to acquire a 24.3% stake in Ningbo Yinqiu Technology Co., Ltd. for 390 million yuan, enhancing its precision bearing production capacity and promoting the development of its robotics business [1] Group 1: Acquisition and Business Expansion - The acquisition aims to strengthen the company's precision bearing business, leveraging synergies to enhance collaboration in key areas such as automotive components and humanoid robot precision bearings [1] - Yinqiu Technology specializes in micro, small, and integrated precision bearings, serving major clients like Dyson, Nidec, Midea, Wolong Electric, and Gree, and holds a leading position in the precision bearing industry [1] - In the first half of 2025, Yinqiu Technology is projected to generate revenue of 560 million yuan and a net profit of 70 million yuan [1] Group 2: Globalization and Production Capacity - The company is accelerating its global layout, with production bases in Xinchang and Thailand, supporting future performance growth [1] - The Xinchang base is expected to gradually release production capacity in the second half of 2025, with an annual output of 6.29 million sets of high-end automotive bearings [1] - The Thailand base completed its second phase of investment in 2024, enhancing equipment utilization and progressing smoothly with the third phase of investment [1] Group 3: Robotics Sector Development - The company has established a robotics division to capitalize on the upcoming mass production in the robotics industry, which is expected to resonate with the automotive supply chain [2] - The company is expanding its product offerings to include harmonic reducers, actuator modules, and lead screws, leveraging its precision manufacturing capabilities [2] - The first production line for harmonic reducers has been launched, and the company is developing actuator modules in parallel [2] Group 4: Profit Forecast - The company is expected to see further growth in performance due to its global expansion and proactive positioning in the robotics sector [2] - Projected net profits for 2025, 2026, and 2027 are 220 million yuan, 260 million yuan, and 350 million yuan, respectively, with corresponding price-to-earnings ratios of 90, 76, and 57 times [2]