Group 1 - The company has been actively engaging in the robotics industry, with ongoing stable shipments of products such as chess-playing robots and desktop companion robots [1] - The company has signed strategic cooperation agreements with partners like Tom Cat and Fule New Materials to deepen collaboration in the consumer AI companion robot sector [1] - The company is also in preliminary cooperation discussions with a leading robotics firm in Beijing for joint production of robotic systems [1] Group 2 - The subsidiary, Weier New Power, is conducting R&D and testing for robotic joint motors for multiple potential clients in the robotics field [1] - A large oilfield company has increased the number of operational units based on the stable performance and energy savings of a new motor prototype provided by the company [1] - The company has successfully passed tests for robotic dog motor components, resulting in small batch orders from a client [1] Group 3 - The company is collaborating with Tsinghua University on the development of key components for humanoid robots, including dexterous hands and motor control systems [2] - The first generation of dexterous hands has been delivered to the company, with the second generation expected to be installed and delivered soon [2] - The company has four main product lines, with a significant focus on R&D investment in smart wearables, smart home products, and robotics, while maintaining lower investment in more mature lines like electroacoustic products and health appliances [2]

Core Viewpoint - The company is actively advancing its product offerings in the robotics sector, particularly in consumer-grade AI companion robots, and has established strategic partnerships to enhance its market position [1] Group 1: Product Development - The company is experiencing stable and continuous shipments of its chess-playing robots and desktop companion robots [1] - Projects such as golf cart robots and tennis robots are being actively promoted [1] Group 2: Strategic Partnerships - The company has signed strategic cooperation agreements with Tom Cat (300459) and Fulei New Materials (605488) to collaborate in the consumer-grade AI companion robot field [1] - A preliminary cooperation intention has been established with a leading robotics company in Beijing, focusing on the production and manufacturing of complete robots [1]

Group 1: Company Overview and Internationalization - The company has established its first production base in Vietnam in 2019, covering an area of approximately 8,000 square meters, and achieved its first profit in 2024 after operating at a loss due to special circumstances since 2020 [4] - A second production base in Vietnam, covering about 12,000 square meters, was established in March 2025 and began operations in June 2025, achieving profitability in August 2025 [4] - The company plans to transfer 30% of its business related to audio products and hair appliances to the Vietnam production bases [4] - The company is actively seeking to optimize its overseas supply chain by exploring other countries with labor advantages to mitigate the impact of trade policy uncertainties [3] Group 2: Research and Development - The company maintains a stable R&D investment level of over 5% of its annual revenue, with a total of 1,285 patents and software copyrights as of mid-2025 [7] - R&D efforts are focused on four main product lines: audio products, health appliances, smart wearables, and smart locks, with varying investment levels based on maturity and development stage [7] - The company emphasizes technology-driven development as a core strategy, aiming to strengthen its technological leadership [7] Group 3: Product Development and Market Position - The company is collaborating on various robotics projects, including chess-playing robots and desktop companion robots, with ongoing stable shipments [6] - The axial magnetic field motor developed by the company offers advantages such as lightweight design, improved tire durability, reduced road wear, and enhanced energy efficiency [6] - The company has established strategic partnerships with major clients for the development of consumer-grade smart companion robots and is exploring further collaborations in the robotics sector [6]