Core Viewpoint - Zhenyu Technology is making significant investments in the humanoid robot industry and expanding its production capabilities in lithium battery precision components and motor cores, with a total investment exceeding 20 billion RMB [2][5]. Group 1: Investment Plans - The company plans to issue convertible bonds to raise up to 1.88 billion RMB, with approximately 752 million RMB allocated for lithium battery precision component expansion, 282 million RMB for the first phase of humanoid robot precision module and component industrialization, and another 282 million RMB for the first phase of motor core expansion [3]. - The company is also investing 2.82 billion RMB in the first phase of the humanoid robot precision module project, which aims to produce key components for humanoid robots [4]. Group 2: Production Capacity - The lithium battery precision component expansion project is expected to achieve an annual production capacity of 659 million pieces once fully operational [3]. - The humanoid robot precision module project is projected to produce 210,000 sets of humanoid robot linear modules, 560,000 sets of planetary roller screws, and 640,000 sets of miniature ball screws annually [4]. - The motor core expansion project is anticipated to reach an annual production capacity of 2.4 million motor cores [4]. Group 3: Market Context - Zhenyu Technology is positioned to benefit from the global electrification trend, with the global power battery shipment volume reaching 1,051.2 GWh, a year-on-year increase of 21.5%, and expected to reach 3.33 TWh by 2030 [3]. - The company is also reinforcing its core business in motor cores, which are critical for the rapidly growing electric vehicle market as the penetration rate surpasses 50% [4]. Group 4: Financial Performance - The company's revenue has significantly increased from 750 million RMB in 2019 to an expected 7.129 billion RMB in 2024, nearly a tenfold growth over six years [6]. - In the first three quarters of 2025, the company reported a revenue of approximately 6.593 billion RMB, a year-on-year increase of 31.47%, with a net profit of about 412 million RMB, reflecting a growth of 138.93% [6].