Business Overview - The company focuses on the research, production, and sales of automotive motor technology and fluid technology products, aiming to become a global leader in automotive motor technology solutions [2] - The business is structured into four main units: motor business, electric module business, driving vision cleaning systems, and thermal management systems [2][3] - The main production base is located in Ningbo, with additional production facilities in locations such as Qingyuan, Shenyang, Wuhan, the USA, and Thailand to serve distant customers [3] Robotics Development - The company is actively expanding into the robotics sector, focusing on humanoid robots and robotic dogs, and is developing customized solutions based on harmonic magnetic field motor technology [4] Production Capacity and Market Strategy - The company is adjusting production capacity at its Thailand facility to better align with project priorities and market opportunities, aiming to enhance competitiveness and profitability in the passenger vehicle market [5] Research and Development Investment - The company prioritizes technological innovation and R&D investment, continuously optimizing resource allocation to maintain industry leadership [6] - Future R&D investment plans will be based on business strategy, market conditions, and project needs, with adjustments made as necessary for sustainable development [6] Supply Chain Risk Management - The company adopts a diversified customer structure and balanced business layout to mitigate supply chain risks associated with geopolitical factors [7] - Establishing overseas production bases helps the company respond effectively to changes in international trade policies [7] New Energy Vehicle Collaboration - The rapid development of the new energy vehicle industry is reshaping the competitive landscape, leading to increased demand for intelligent automotive components [8] - The company has established a strong customer base in the new energy vehicle sector and is actively seeking new clients to expand its market share [8]

Group 1 - The company issued a total of 327.59 million yuan in convertible bonds, with a maturity of 6 years and a face value of 100 yuan per bond [1][2] - The trading of the convertible bonds experienced significant price fluctuations, with a cumulative price increase exceeding 30% over two consecutive trading days [2][3] - The company confirmed that there are no undisclosed significant matters that could impact the trading price of the convertible bonds [3] Group 2 - The current conversion price for the bonds is set at 62.55 yuan per share, with a first-year coupon rate of 0.20% [2] - The company is exploring new markets such as humanoid robot motors and ADAS sensor cleaning systems, but current revenue from these products is minimal [2] - The company has not identified any undisclosed information that could significantly affect the trading price of the convertible bonds [3]