Core Viewpoint - The company has successfully launched a new type of low creep, high wear-resistant metal composite tendon for humanoid robots, which has already generated small batch orders [1] Group 1: Product Development - The company has developed a new tendon suitable for humanoid robot dexterous hands and other parts [1] - The research and development of humanoid robot planetary roller screw grinding equipment is progressing smoothly [1] Group 2: Business Progress - The reducer business is steadily advancing [1]

Group 1 - The core viewpoint of the article highlights that the company, Gaoce Co., Ltd. (688556.SH), is advancing its research and development of planetary roller screw grinding equipment for humanoid robots, leveraging its years of expertise in precision grinding technology [1] - The current market for planetary roller screw grinding machines is heavily reliant on imports, which are expensive and have long delivery times, indicating a strong demand for domestic alternatives [1] - There is a clear trend towards domestic substitution in the grinding machine market, driven by the urgent cost-reduction needs of screw manufacturers [1]

Core Viewpoint - The company is focusing on the development and customization of robotic components, particularly in collaboration with North American clients, with positive progress reported in various areas of its robotics business [1] Group 1: Robotics Business Development - The company has established Gaoce Intelligent (Shanghai) Robotics Co., Ltd. to concentrate on the research, manufacturing, and sales of humanoid robot core components and processing equipment [1] - The company is actively expanding its business in new low-creep, high-wear composite metal tendons for humanoid robots, having already formed small batch orders [1] - Progress in the development of grinding equipment for planetary roller screw mechanisms for humanoid robots is reported to be going smoothly [1] Group 2: Gearbox Business - The gearbox business is currently focused on customized research and development in collaboration with North American clients, with progress being reported as smooth [1] - However, the related products being developed in conjunction with clients are still in the very early stages, indicating potential uncertainty [1]

Group 1 - The company, Gaoce Co., Ltd. (688556.SH), is planning to develop humanoid robot planetary roller screw grinding equipment starting in the first half of 2025 [1] - The development is currently in the research and development stage and is progressing smoothly [1] - The process from product development to revenue generation typically involves multiple stages, including scheme design, detailed drawings, prototype manufacturing, and prototype testing [1] Group 2 - The company is enhancing technical communication with potential clients to actively promote subsequent progress [1]

Core Viewpoint - Gaoce Co., Ltd. has successfully listed on the A-share Science and Technology Innovation Board, marking a new chapter in the capital market and achieving significant growth through a focus on independent innovation and technology-driven development [1][3]. Group 1: Financial Performance - From 2020 to 2025, Gaoce Co., Ltd. has experienced explosive revenue growth, with a compound annual growth rate (CAGR) of 56.5% [3]. - The company has committed to annual cash dividends, with a total of 925 million yuan distributed to investors from 2020 to 2025, reflecting strong profitability [8]. Group 2: Research and Development - The period from 2020 to 2025 is characterized by continuous innovation, with Gaoce Co., Ltd. focusing on R&D as a driving force and efficiently implementing projects to enhance resilience in the industry cycle [9]. - The company has expanded its R&D capabilities, including the establishment of a research center and the launch of several production projects, such as the 320 million kilometers of diamond wire capacity and various silicon wafer processing capacities [9][12][14][16][18]. Group 3: Technological Advancements - Gaoce Co., Ltd. is committed to building a platform-based technology system in key areas such as precision cutting, grinding, and electroplating chemistry, transitioning from single-point breakthroughs to platform reuse [20]. - The company has made significant strides in the precision cutting sector with diamond wire cutting technology and is advancing in the precision grinding field with integrated solutions for semiconductor applications [20]. Group 4: Intellectual Property - As of June 30, 2025, Gaoce Co., Ltd. holds 947 valid patents and 99 software copyrights, representing a nearly fourfold increase in valid patents since its listing [24]. Group 5: Strategic Development - The period from 2020 to 2025 is marked by strategic evolution, with the company expanding horizontally and deepening vertically to achieve cross-material and cross-industry capability reuse [26]. - Gaoce Co., Ltd. aims to continue enhancing its R&D investment and technical innovation capabilities, solidifying its platform technology foundation and pursuing internationalization [28].