Core Insights - The company has achieved significant value appreciation in its investment fund focused on robotics, with the book value increasing over three times compared to the original investment cost [1][3] - The establishment of the Beijing Robotics Industry Development Investment Fund in December 2023 highlights the company's strategic focus on high-quality projects within the Chinese robotics industry [1][2] - The management emphasizes a "technology + industry" dual-driven development strategy, aiming to maintain steady operations in infrastructure asset management while strategically investing in technological innovation [1][2] Investment Strategy - The company plans to focus on three main areas over the next two to three years: specialized robots for medical and industrial applications, key components like joint modules and sensors, and consumer-grade robots for emotional companionship and home services [2] - As of the end of last year, the company had approximately RMB 4.368 billion in cash and cash equivalents, indicating a solid financial position to support ongoing strategic investments [2] - The management has no current financing pressure and aims to manage its capital structure prudently while remaining alert to high-quality project opportunities [2] Market Perception - The investor communication meeting received positive feedback from analysts and media regarding the performance of the robotics fund and the company's overall investment strategy [2] - Analysts believe that companies with long-term investment capabilities and stable operations will be more attractive in the current volatile capital market [2] - The chairman expressed confidence that China will produce globally influential robotics companies, and the company aims to support these firms in maximizing their value [3]