Core Viewpoint - Huamin Co., Ltd. is diversifying into the robotics sector amid challenges in its photovoltaic business, indicating a strategic shift to explore new growth opportunities while maintaining its core operations in solar energy [1][3][8]. Group 1: Investment in Robotics - Huamin Co., Ltd. plans to invest up to 100 million yuan in Guangdong Tiantai Robotics Co., Ltd., acquiring approximately 8% of the company [1][2]. - This marks the second major cross-industry move for Huamin Co. in three years, following its entry into the photovoltaic sector [2]. - The company emphasizes that this investment is not merely financial but aims to leverage its existing market channels and technological capabilities from the solar industry to enhance the robotics business [2][3]. Group 2: Challenges in Photovoltaic Business - Huamin Co. has faced significant losses in its photovoltaic segment, with a reported net loss of 1.98 billion yuan in 2023 and continued losses into 2025 [6][7]. - The company’s photovoltaic business has struggled due to a price war in the industry, with silicon wafer prices dropping over 40% from their peak in 2023 [6][7]. - The performance of its subsidiary, Hongxin New Energy, has not met profit commitments, leading to a substantial financial burden on Huamin Co. [7]. Group 3: Future Strategy and Market Outlook - The company is optimistic about the robotics industry, citing a projected compound annual growth rate of over 80% in the Chinese humanoid robot market by 2035 [3]. - Huamin Co. aims to achieve synergy between its photovoltaic and robotics businesses, leveraging its existing resources and expertise to enhance competitiveness in both sectors [8][9]. - The company plans to focus on improving operational efficiency in its solar business while gradually developing its robotics segment, adopting a "light asset" approach to minimize financial risk [9].