Core Viewpoint - Shengyang Co., Ltd. (002580.SZ) is expanding into the "Huawei Harmony" ecosystem by establishing a joint venture named Open Source Harmony (Shandong) Digital Technology Co., Ltd. to enhance its presence in the open-source Harmony ecosystem [1][3]. Group 1: Joint Venture Details - The joint venture partners include Shandong Development Investment Holding Group Co., Ltd., Shandong Development Science and Technology Investment Co., Ltd., Shandong Expressway Bridge Investment Management Co., Ltd., and Shenzhen Kaihong Digital Industry Development Co., Ltd. [3] - The registered capital of the joint venture is 50 million yuan, with Shengyang contributing 5 million yuan for a 10% stake, while Shandong Development Group invests 15 million yuan for a 30% stake [3]. - Other partners, Shandong Development Science and Technology Investment, Shandong Expressway Bridge Investment, and Shenzhen Kaihong, each contribute 10 million yuan for a 20% stake [3]. Group 2: Strategic Importance - The establishment of the joint venture aligns with national strategic needs and policy directions, facilitating the intelligent upgrade of the energy industry [5]. - The collaboration is expected to leverage synergies among partners, effectively diversifying investment risks and enhancing resilience [5]. - Shengyang's existing market resources in energy infrastructure are well-suited to meet the development needs of the open-source Harmony ecosystem, promoting its application in the energy sector [5]. Group 3: Company Background and Financial Performance - Shengyang Co., Ltd. was founded in 1991 and listed on the Shenzhen Stock Exchange in 2011, primarily producing lithium-ion batteries and power systems [3]. - The company reported a revenue of 1.715 billion yuan for the first half of 2025, representing a year-on-year increase of 19.7%, and a net profit of 129 million yuan, up 12.61% year-on-year [5].

Group 1: Event Overview - The Fourth China-Central and Eastern European Countries Expo and International Consumer Goods Expo was held in Ningbo, Zhejiang Province from May 22 to 25 [1] - The Zhejiang Pavilion, covering 300 square meters, showcased over 20 leading enterprises from Zhejiang, highlighting the region's manufacturing capabilities [1] Group 2: Innovative Products - A silver robotic dog named Lingrui P1 was featured, designed for high load capacity (30 kg) and long endurance, suitable for dangerous environments like fire scenes and substations [2] - The BoLing Brain-Machine Technology Co., Ltd. presented the Cyber Lingke HC2 hand rehabilitation exoskeleton system, utilizing brain-machine interface technology for rehabilitation [3] Group 3: Global Expansion and Trade - Wanxiang Yiersan Co., Ltd. introduced two products, the Ultra fast-charging battery and a 48V power system, with a focus on global resource sharing and local production in Europe [4] - Ningbo Zhongji Huitong Group, a foreign trade service provider, reported serving over 10,000 enterprises with an export volume exceeding $1.8 billion in 2024 [5] - Zhejiang's trade with Central and Eastern European countries reached 182.7 billion yuan in 2024, with imports from these countries increasing by 64% since 2021 [5]