Zheng Quan Shi Bao Wang·2025-11-22 02:20Core Viewpoint - The company, Changying Precision (300115), is experiencing significant growth in its overseas human-shaped robot components, with a focus on expanding production capacity and increasing domestic customer engagement [1] Group 1: Overseas Market Performance - The company has primarily engaged with overseas brands, resulting in substantial revenue contributions, with two overseas brands generating 35 million RMB in the first half of the year [1] - From the beginning of the year to the end of August, the total value of delivered human-shaped robot transmission and structural components exceeded 80 million RMB [1] - New orders for overseas human-shaped robots are accelerating in the fourth quarter, indicating a positive trend in international demand [1] Group 2: Domestic Market Development - The company has established connections with over 30 domestic human-shaped robot clients, with revenue expected to gradually release starting from the first quarter of next year [1] - The focus of the company's projects is shifting from small to larger transmission components, reflecting an expansion in product offerings [1]