Group 1 - The company has established a joint venture with Zhiyuan Robotics to focus on high-end intelligent manufacturing equipment in the consumer electronics and new energy sectors [1] - The company has completed a strategic investment in Zhejiang Zhidong Robotics, which specializes in commercial intelligent cleaning robots, aiming for innovation in AI and robotics integration [1] - The company provides structural components and assembly services for various humanoid robot companies, including head modules, joint modules, dexterous hands, and torso shells [1] Group 2 - The company has secured a share of head modules and structural components with a leading North American robotics client, with dexterous hands and structural components currently in the sample submission process [1] - As the North American client accelerates the development of new models, the company is expected to achieve large-scale production and supply of related modules and structural components [1]

Core Viewpoint - The company has established a long-term partnership with a major North American client, enhancing its innovation capabilities and resilience against market cycles through collaborative development and ecosystem synergy [1] Group 1: Client Relationships - The company has a history of cooperation with its North American major client since the initial product generation, positioning itself as a core supplier [1] - Revenue from the North American major client has decreased as a percentage of total revenue, indicating growth in new clients, projects, and products [1] Group 2: Product and Service Offerings - The company collaborates with Rokid across multiple dimensions, providing a comprehensive range of services from design to assembly, leveraging its strong vertical integration capabilities [1] - In the robotics sector, the company has partnered with Zhiyuan Robotics to deliver the Lingxi X1 humanoid robot and has made strategic investments in related companies to enhance collaboration in technology innovation and cost optimization [1] Group 3: Market Position and Future Growth - The company aims to create the largest core manufacturing platform for embodied intelligent hardware in China, with plans to expand its product categories and services, driving rapid growth in its robotics business [1]