Group 1: Financial Performance - In the first half of 2025, the company's product business revenue increased by 22.66% year-on-year, with a gross margin of 38.83%, showing slight growth compared to the previous year [2] - The industrial robot business revenue grew by 22.55% year-on-year, with self-produced multi-joint industrial robots seeing an impressive revenue increase of 80.86% [2] - The revenue from injection molding machines, supporting equipment, and automatic feeding systems decreased by 0.87%, while the revenue from supporting equipment and automatic feeding systems increased by 29.64% [3] Group 2: Product Development - The company's first humanoid robot product, "Xiao Tuo," is capable of autonomous reasoning and decision-making for complex tasks, demonstrating the potential of humanoid robots in industrial applications [4] - "Xiao Tuo" integrates a 3D camera and AI visual inspection system to identify the quality of injection molded parts in real-time, achieving full-process automation from inspection to operation [4] Group 3: Impact on CNC Machine Tool Business - The development of humanoid robots poses challenges in design, materials, and manufacturing processes, requiring complex components that can be efficiently produced using five-axis CNC machine tools [5] - The DMU/GMU400 and GMU600 models exhibit unique advantages and competitiveness in processing components for humanoid robots [5] Group 4: Future Strategies in Embodied Intelligence - The company plans to invest in three core technologies: controllers, servo drives, and visual technology, to build a multi-driven system integrating "scenes + data + AI" [6] - The focus will be on enhancing collaboration with AI large model vendors to promote the iterative development and industrial application of intelligent equipment in structured industrial scenarios [6] Group 5: Intelligent Motion Control System - The new generation X5 motion controller has undergone multiple iterations to achieve reliable commercial productization, supporting various mainstream AI computing platforms [7] - The application software platform adopts a cloud-edge-end architecture, providing over 500 underlying functional interfaces and deep integration with mainstream AI large models and simulation systems [8]

Core Viewpoint - 2024 is a critical year for the company, TuoSiDa, as it undergoes a significant transformation despite facing its first historical loss due to a substantial decline in revenue and a strategic shift towards product-focused operations [2][3][8] Group 1: Financial Performance - In 2024, TuoSiDa's revenue dropped by over 30%, resulting in the company's first-ever loss since its establishment, primarily due to a 54.22% contraction in its intelligent energy and environmental management systems business [2][3] - The company has proactively reduced low-margin, high-risk projects since late 2022, leading to a historical revenue decline in 2023 and continued reductions in 2024 [2][3] - Despite the loss, the company indicates an improvement in operational quality, suggesting a transition towards becoming a product-oriented company [2][3] Group 2: Business Structure and Strategy - TuoSiDa plans to focus on developing its core product lines, including robots, CNC machine tools, and injection molding machines, while gradually divesting from non-core businesses [3][4] - The intelligent energy and environmental management systems business saw a revenue decline of over 90% in Q1 2025, while other business segments experienced a revenue growth of over 23% [3][4] - The company’s product business now accounts for a larger share of total revenue, with a 15.62 percentage point increase in contribution and a 37.43% overall gross margin [4] Group 3: Product Performance - The industrial robot segment achieved a revenue of 27,531.64 million yuan in 2024, marking a 12.50% year-on-year growth, with a gross margin of 47.53% [4] - The injection molding machine and related equipment business generated 51,121.47 million yuan in revenue, reflecting an 18.67% increase due to various market factors [5][6] - The sales of electric injection molding machines saw a significant increase, with order volume up by approximately 150% and shipment volume up over 300% [6] Group 4: Technological Advancements - TuoSiDa is positioned as a comprehensive player in the robotics industry, integrating upstream core components, midstream industrial robots, and downstream automation systems [7] - The company has launched the new X5 robot motion control platform, which serves as a critical component in bridging the gap between embodied intelligence and robotics [7][8] - TuoSiDa is collaborating with major tech companies to enhance its capabilities in embodied intelligence, creating a closed-loop system for data-driven product evolution [7][8]