Core Insights - The company achieved a revenue of HKD 1.215 billion in Q1-Q3 2025, representing a year-on-year increase of 30% [1] - The net profit attributable to shareholders reached HKD 488 million, up 22% year-on-year, indicating improved overall profitability [1] - The company is expanding its investment in the humanoid robot industry and has initiated a share buyback program to demonstrate confidence in long-term growth [2] Financial Performance - Revenue for asset operation was approximately HKD 783 million, a year-on-year increase of 16%, while asset financing revenue surged by 66% to HKD 432 million [1] - The gross profit margin for Q1-Q3 2025 was 45.35%, a slight decrease of 0.57 percentage points year-on-year, but remains at a high level due to operational efficiency [1] - The debt-to-capital ratio decreased to 10.9%, down 5 percentage points from the end of 2024, indicating improved financial stability [1] Industry Expansion - The company established the Shou Cheng Robot Advanced Materials Industry Co., Ltd. to invest systematically in advanced materials for robots and other synergistic industries [2] - A nationwide robotic technology experience store, "Tao Zhu New Manufacturing Bureau," was launched, along with additional stores at Beijing Capital International Airport and Chengdu Chunxi Road [2] - Strategic partnerships were formed with clients like Alter Automotive to promote the integration of robots in the automotive sector [2] Investment Outlook - The company maintains profit forecasts of HKD 590 million, HKD 770 million, and HKD 930 million for 2025-2027, with corresponding P/E ratios of 26, 19, and 16 times [3] - The stable core business and deepening involvement in humanoid robotics support a "buy" rating for the company [3]