Group 1: Company Developments - Tianming Technology announced its entry into the robotics sector by signing a cooperation development agreement with Hangzhou Zhongzhi High Intelligent Technology Co., Ltd, focusing on key technologies for robotic drive joints and electric pedal drive joints [3] - The total development budget for the collaboration is estimated to be between 15.25 million and 21.65 million yuan [3] - Tianming Technology plans to establish the "Tianming Technology Robotics Research Institute" to recruit and train talent for its robotics research and industrialization efforts [3][4] Group 2: Market Reaction - Following the announcement of its transformation into a robotics concept stock, Tianming Technology's share price surged, opening high and rising over 19% at one point, ultimately closing up 14.98% at 19.19 yuan per share, with a total market capitalization of 2 billion yuan [5] Group 3: Industry Context - The robotics sector remains a hot topic in the capital market, with several companies listed on the Beijing Stock Exchange involved in this industry, including Juneng Co., which focuses on intelligent manufacturing and has been actively engaging with institutional investors regarding its robotics initiatives [2][6] - Juneng Co. reported that nearly 80% of its revenue comes from the automotive sector, with approximately 23% of that from new energy vehicle-related business [7]

Group 1: Revenue Growth - The main sources of revenue growth in 2024 are the sales of winches and electric pedals, with significant growth in winch sales compared to the previous year [4] - Other business income, which saw a high growth rate, primarily comes from R&D income for domestic automotive OEMs, with costs covered by the OEMs for new models or additional demands [4] Group 2: Domestic Market Development - The domestic business growth is mainly driven by the automotive OEM market, with increased demand from partners like Great Wall Motors and Jiangling Motors [5] - The electric pedal product is currently applied in the Jiangling Ford model and is expected to expand its market share in the domestic aftermarket [5] Group 3: International Sales Strategy - The company's overseas products are sold mainly under its own or joint brands, with no involvement in cross-border e-commerce [6] - Development of electric pedal samples for the Tesla Cybertruck has been completed, and the company is awaiting feedback from potential partners [6] Group 4: Investment Projects and Dividends - The construction of investment projects is nearing completion, with the main structures and installations finished, and factory acceptance expected by mid-year [7] - The proposed dividend plan for 2024 is to distribute a cash dividend of 5 yuan (including tax) for every 10 shares, pending approval at the annual shareholders' meeting [8]