Core Insights - The company is making significant progress in the development of harmonic reducers, with the flexible wheel's material utilization rate projected to increase from the industry average of 35% to approximately 80% [2] - The company plans to establish a production line in China and is also considering investment in a production line for key components of harmonic reducers at its U.S. subsidiary [2] - The company is leveraging its expertise in DWI (Drawn Wall Ironing) technology, traditionally used in the production of beverage can manufacturing, to innovate the production process of harmonic reducer flexible wheels [2] Company Developments - The research and development of the flexible and steel wheels for harmonic reducers is progressing smoothly [2] - The company has developed a precision cold stamping process that allows for near-net shaping of the flexible wheel's thin-walled cup structure and tooth features, preserving the internal fiber flow of the material [2] - The cold working hardening effect is utilized to enhance the strength and fatigue life of the products [2] Industry Context - The humanoid robot industry is still in the exploratory phase of technology development and market application, presenting various uncertainties and risks [2]