Core Viewpoint - Company is advancing into the robotics sector, driven by the anticipated growth in the humanoid robot market and the demand for precision mechanical components [1][2] Group 1: Company Strategy and Developments - Company is one of the largest suppliers of precision structural components for power batteries in China and has been involved in the research and production of these components since early on [1] - In June of last year, the company invested in Shenzhen Kemei Innovation Robotics Technology Co., Ltd. to capitalize on the future development prospects of humanoid robots in industrial applications [1] - The latest investor relations activity indicates that the company aims to provide comprehensive solutions through innovative R&D, aligning with the trend of downstream clients entering the robotics field [1] Group 2: Collaboration and Market Needs - The company has adopted a joint venture approach to enter the robotics market, addressing the diverse needs of market demand and product design [2] - The collaboration is intended to leverage both parties' strengths, ensuring product competitiveness and accelerating business expansion [2] - The company is focusing on the R&D and production of key components such as high-precision reducers and joint modules required for humanoid robots, with a strategy to dynamically optimize based on customer needs [2] Group 3: Material Innovation - The company has developed a PEEK material solution in response to customer demands for lightweight, impact-resistant, and easy-to-assemble characteristics [2] - The company possesses a proprietary PEEK material formulation system, allowing it to offer specialized lightweight solutions tailored to customer requirements [2]

Group 1: Financial Performance - The company achieved a revenue of 12.03 billion CNY in 2024, representing a year-on-year growth of 14.44% [2] - The net profit for 2024 was 1.472 billion CNY, showing a year-on-year increase of 20.46% [2] - In Q1 2025, the company reported a revenue of 3.022 billion CNY, which is a 22.55% increase compared to the same period last year, with a net profit of 387 million CNY, up by 25.51% [2] Group 2: Growth Drivers - The company is one of the largest suppliers of precision structural components for power batteries in China, with extensive technical experience and manufacturing capabilities [3] - The growth in the new energy sector, deepening strategic partnerships, and steady demand from high-quality customers are expected to enhance order quality and scale, further improving profitability [3] - The company is actively expanding into high-precision reducers and joint modules related to humanoid robots, which are anticipated to provide new growth opportunities [3] Group 3: Industry Outlook - The power battery industry has been experiencing strong growth, driven by policy support, technological advancements, and increasing market demand [3] - The expansion of downstream application scenarios and breakthroughs in battery technology are expected to sustain rapid industry development and broad market prospects [3] - Humanoid robots are moving from laboratory settings to commercial applications, showcasing significant market potential and application prospects due to ongoing government support and advancements in AI, biomimicry, and new materials [3]

Group 1: Keda Li - Keda Li focuses on core transmission systems for robots and aims to be a technology leader in key components for global robotics [1] - The company has developed a complete technology system from material research to intelligent manufacturing, including high-precision reducers and smart joint modules [1] - Keda Li provides financial and technical support to its partner, Kemei Innovation, which has made breakthroughs in humanoid robot core joint drive technology [1] Group 2: Aohua Endoscopy - Aohua Endoscopy will implement new accounting standards in 2024, leading to a decrease in gross margin [2] - The company reported overseas revenue of 161 million, indicating a growing focus on international markets [2] - Aohua Endoscopy is increasing R&D investment to enhance product performance and clinical recognition, particularly in the soft endoscope sector [2] Group 3: XJ Electric - XJ Electric achieved operating revenue of 17.089 billion and net profit of 1.117 billion in 2024, marking a year-on-year growth of 11.09% [3] - The company is optimizing its revenue structure, with a decline in low-margin new energy and system integration segments, while high-margin DC transmission revenue is increasing [3] - XJ Electric is expanding its international market presence, particularly in South America, the Middle East, Southeast Asia, Africa, and Europe, in line with the Belt and Road Initiative [3]