Group 1 - Wan'an Technology announced an investment of RMB 20 million in Tongchuan Technology to support the development of core components for robots [2] - The investment will increase Tongchuan Technology's registered capital from RMB 77.36 million to RMB 81.23 million, with Wan'an Technology holding a 2.72% stake post-investment [2] - Prior to the investment, Tongchuan Technology had a pre-investment valuation of RMB 700 million [2] Group 2 - Tongchuan Technology, established in May 2012, focuses on the research and production of harmonic reducers and mechatronic joint technology [3] - The company has gained recognition from several well-known robot clients due to its product performance and cost competitiveness [3] - Wan'an Technology aims to leverage this investment to expand its strategic focus from smart electric vehicles to the robotics sector [3] Group 3 - As of December 31, 2024, Tongchuan Technology's total assets were approximately RMB 121.63 million, with net assets of about RMB 59.46 million [4] - By June 30, 2025, total assets increased to approximately RMB 169.72 million, with net assets of about RMB 99.43 million and revenue of approximately RMB 36.13 million, although the company reported a loss of RMB 24,620.93 [4] - Wan'an Technology expresses confidence in the long-term prospects of the embodied intelligent robotics sector despite potential operational risks [4]