Group 1 - The company, Jinbaize, stated on November 26 that there is currently no direct business cooperation with Foxconn Group [1] - Jinbaize has established a joint venture, Hangzhou Baifu Internet of Things Technology Co., Ltd., with Hon Hai Precision Industry Co., Ltd. (Foxconn's subsidiary), where Jinbaize holds a 70% stake [1] - The main business of the joint venture focuses on integrated product manufacturing (IPM) and the development of science and technology services [1]

Core Viewpoint - The company, Jinbaize (301041), has established a joint venture with a subsidiary of Industrial Fulian, focusing on integrated product manufacturing and technology innovation services [1] Group 1: Company Developments - The joint venture, named Hangzhou Baifu Internet of Things Technology Co., Ltd., is 70% owned by Jinbaize [1] - The main business of the joint venture includes the manufacturing of integrated products (IPM) and the expansion of technology innovation services [1] Group 2: Business Performance - The company reports that orders across various business sectors remain relatively stable [1] - Detailed performance metrics will be disclosed in the company's upcoming periodic report [1]