Core Viewpoint - Jingzhuan Technology is accelerating its overseas expansion as a leading manufacturer of precision forged gears, positioning itself in the new robotics sector through strategic investments and partnerships [1] Group 1: Financial Performance - The company is raising funds through private placements and convertible bonds to invest in projects such as differential assemblies and new energy electric drive components, leading to rapid capacity growth [1] - Revenue from assembly products is projected to reach 492 million yuan in 2024, representing a year-on-year growth of 18.84%, accounting for 24.3% of total revenue, making it the second-largest revenue source [1] Group 2: Strategic Initiatives - The company is strategically aligning with the trend of integrated solutions in the new energy vehicle sector, highlighting its growth certainty [1] - In 2025, the company plans to establish Jiangsu Pacific Intelligent Joint Company in partnership with Tianjin Aima, focusing on the development of robotic joint components [1] - The company has also invested in Wuhan Gelanruo Intelligent Robot Co., Ltd., successfully delivering module samples, which may open a second growth curve [1] Group 3: Market Position - As a leader in precision forged gears, the company continues to expand its product offerings and customer base, with new products like differential assemblies entering the scaling phase and accelerating overseas market deployment [1] - The company has received an initial coverage rating of "Buy" due to its ongoing expansion and market strategies [1]