Core Viewpoint - Company maintains a consistent R&D investment of approximately 20% of revenue, focusing on core technology iterations in motion control, servo, communication, and perception, while expanding applications in semiconductor, high-end CNC machine tools, and robotics [2] Group 1: R&D Investment - Company has historically invested around 20% of its revenue in R&D [2] - The focus of R&D investment is on core technologies such as motion control, servo, communication, and perception [2] Group 2: Market Trends - The manufacturing industry is transitioning towards advanced productivity and manufacturing as core structures, indicating a long-term development trend lasting five to ten years [2] - There is a notable emergence of high-end equipment characterized by micro-nano precision intelligence [2] Group 3: Strategic Opportunities - The ongoing evolution of internal control, servo core components, and control systems presents significant strategic opportunities for the company and its peers [2] - The company plans to maintain a high level of R&D intensity over the next three to five years to seize opportunities in semiconductor, high-end machine tools, and related fields for sustainable long-term growth [2]

Group 1: Robotics Market Opportunities - The company has focused on motion control core components and systems, with significant applications in various types of robots, including industrial and collaborative robots [3] - Revenue from motion control, servo, and drive control products in the robotics sector is approximately 10-20 million yuan, primarily from industrial and logistics robots [3] - The integration of AI large models with robotics presents high expectations for future development, prompting the company to explore high-value scenarios for product applications [3] Group 2: Semiconductor Equipment Progress - The semiconductor equipment sector has high technical difficulty and entry barriers, but the company has been involved in this field for over a decade [3] - Revenue from the semiconductor sector accounts for about 14% of the company's total revenue [3] - The company has established trust and accumulated application cases in the semiconductor field, with faster progress in back-end equipment compared to front-end equipment [3] Group 3: CNC Machine Tool Business - The CNC machine tool business has a large scale but low profit margins; however, China remains the largest market for high-end machine tools and systems [4] - The company's revenue from CNC machine tools and industrial laser equipment accounts for over 30% of total revenue, with recent breakthroughs in micron-level precision and five-axis processing [4] - The company competes directly with international peers in high-end machine tool control systems [4] Group 4: Strategic Focus Areas - The company prioritizes semiconductor equipment and high-end CNC sectors due to significant market demand and favorable competition dynamics [4] - The robotics sector is also a focus, with an emphasis on identifying high-value commercial applications to drive user engagement and feedback [4] - The company maintains a research and development investment of around 20% of revenue, focusing on core technologies and applications in semiconductor, CNC, and robotics fields [5]