Summary of the Conference Call Company and Industry Overview - The conference call discusses the **Intelligent Manipulator** technology, specifically focusing on the **ZhiYuan Intelligent Hand** and its innovative design and market implications [2][4][19]. Key Points and Arguments - **Complex Drive Mechanism**: The ZhiYuan Intelligent Hand utilizes a comprehensive drive scheme combining motor screw rods, worm gears, and linkages to achieve complex motion control, particularly in thumb design with three components for grasping, bending, and stretching [2][3]. - **Layered Internal Structure**: The internal structure is divided into three layers, each with distinct functions: - Layer 110 for palm and finger drive - Layer 120 for bending drive components - Layer 130 for specific functional components like lateral drive and bending drive [2][7]. - **Worm Gear Utilization**: The extensive use of worm gears allows for effective space utilization, especially in the palm area, facilitating thumb extension control in confined spaces [2][10]. - **Linkage and Tendon System**: The hand employs a combination of linkages and tendons for finger control, featuring 12 motors, six worm shafts, five screw rods, nine tendons, and five linkages, enhancing dexterity and coordination for fine manipulation tasks [2][17]. - **Key Rope System**: The key rope system, made from flexible lubricated materials, reduces friction and enhances durability, with a focus on self-lubricating materials for performance optimization [4][13]. - **Market Expectations**: Anticipation of Tesla's new robot technology has driven stock prices of related companies up, highlighting the competitive barriers in the manipulator field, where companies with patents in hand drive and design hold a competitive edge [4][19]. - **ZhiYuan's Focus**: ZhiYuan is concentrating on data collection and robot training, with an open-source dataset initiative, indicating significant potential for future development despite a low profile [4][18]. Additional Important Insights - **Comparison with Other Technologies**: The ZhiYuan Intelligent Hand differs from competitors like Star Motion Era, which uses a modular design, while ZhiYuan's design is more integrated and complex [5]. - **Innovative Features**: The ZhiYuan Intelligent Hand, launched in 2024, offers two models with six and 19 degrees of freedom, showcasing a humanoid appearance and advanced functionality [6]. - **Future Research Recommendations**: For those interested in further exploring manipulator technology, a deep dive into relevant patents and their applications is suggested to better understand the field's dynamics and technical details [20].