Core Viewpoint - Company founder and CEO Zhou Jian has committed not to sell his personal holdings of 70.57435 million H-shares for 12 months starting December 29, 2025, marking his second voluntary lock-up commitment [1] - The company has announced a strategic acquisition of 43% stake in A-share listed company Fenglong Co., Ltd. for a total consideration of 1.665 billion yuan, aiming to enhance its industry chain layout and core competitiveness [1][2] Group 1 - The acquisition is expected to create business synergies by integrating the humanoid robot technology of the company with the manufacturing capabilities and supply chain resources of Fenglong Co., Ltd. [2] - The transaction will make Fenglong Co., Ltd. the company's first A-share subsidiary, positioning it favorably in the smart service robot industry [2] - The company plans to increase its industrial humanoid robot production capacity to 10,000 units by 2026, with Fenglong's manufacturing capabilities providing critical support [2] Group 2 - The company has accelerated the commercialization of its humanoid robots, with nearly 1.4 billion yuan in orders for 2025 and over 500 units of the industrial humanoid robot Walker S2 delivered this year [2] - The company’s production capacity has exceeded 1,000 units, and the upcoming launch of the Liuzhou Robot Super Smart Factory is expected to further boost production capacity [2]