Core Viewpoint - Zhejiang Fulai New Materials Co., Ltd. is transitioning from a "functional coating material supplier" to an "intelligent sensing solution provider" with a focus on developing electronic skin technology [14][20]. Group 1: Fundraising and Strategic Transition - The company has received approval from the Shanghai Stock Exchange for a private placement to raise up to RMB 710 million, aimed at expanding production of label printing materials, upgrading electronic-grade functional materials, and enhancing its R&D center [3][13]. - This fundraising is crucial for consolidating its traditional business while also injecting capital into the research and industrialization of electronic skin technology, which is seen as a "second growth curve" for the company [3][16]. Group 2: Technological Advancements - The company recently launched its third-generation electronic skin product, introducing the concept of "tactile intelligent TPU," which integrates flexible materials, chips, and algorithms into a single sensing system [5][18]. - This product features significant breakthroughs, including "chip-sensing integration," advanced algorithms, and an increased effective sensing area, enabling robots to perform edge computing and recognize object properties instantly [5][18]. Group 3: Global Expansion and Market Positioning - Fulai New Materials is accelerating its global strategy, with its wholly-owned subsidiary Apex Sensing LLC established in California, which has begun to secure small orders for electronic skin products in the North American market [6][19]. - The company has engaged with numerous robotics and dexterous hand companies, indicating a growing demand for its products and establishing itself as a key player in the global market for flexible sensors [6][19]. Group 4: Industry Context and Future Outlook - The flexible tactile sensing technology is considered essential for achieving safe and dexterous interactions in robotics, addressing the industry's challenge of having advanced cognitive capabilities without corresponding tactile feedback [20][21]. - By positioning itself at the intersection of material technology and artificial intelligence, the company aims to deliver not just components but a "perceptual entry point" for robots into the physical world, thus capitalizing on the burgeoning field of embodied intelligence [20][21].