Core Viewpoint - Weike Technology has established long-term partnerships with renowned companies in the field of frameless motors, including Nidec, Kollmorgen, and THOMSON LINEAR, supplying various products such as robot motor insulation end caps, gear motors, and housings, which utilize PET reinforced materials with excellent mechanical properties and high melting points [1] Group 1: Partnerships and Collaborations - The company collaborates with global transmission enterprises like DANFOSS and Linak to develop self-lubricating PEEK T-screws and PPS screws [1] - A partnership with Danish computer liquid cooling system company Asetek has led to the development of core injection-molded components for racing AI simulation cockpits and gaming computer water cooling radiators, all of which have achieved mass production [1] Group 2: Product Characteristics - The products supplied by Weike Technology are characterized by good mechanical performance, scratch resistance, corrosion resistance, excellent insulation, and high melting points, aligning with the trend of lightweight materials replacing steel [1]

Core Viewpoint - Weike Technology (301196.SZ) has established long-term partnerships with renowned global companies in the field of motor technology and robotics, focusing on the supply of advanced materials and components for various applications [2] Group 1: Partnerships and Collaborations - The company collaborates with well-known global companies such as Nidec, Kollmorgen, and Thomson Linear, supplying products like robot motor insulation ends, gear motors, and housings [2] - Weike Technology also partners with leading transmission companies like Danfoss and Linak to develop self-lubricating PEEK materials for T-type screws and PPS screws [2] - Additionally, the company works with Asetek, a Danish company known for liquid cooling systems, to develop core injection-molded components for racing AI simulation cockpits and gaming computer water cooling systems [2] Group 2: Product Characteristics - The products supplied by Weike Technology utilize PET reinforced materials, which exhibit excellent mechanical properties, scratch resistance, corrosion resistance, good insulation, and high melting points [2] - These products align with the trend of lightweighting through the substitution of plastic for steel [2] - The aforementioned products have already achieved mass production and sales [2]

Core Viewpoint - Jiangsu Leili is advancing its layout in the humanoid robot sector while maintaining strong growth in its core micro motor and component business, despite a slight decline in net profit in 2024 [1][2]. Financial Performance - In 2024, the company achieved revenue of 3.519 billion yuan, a year-on-year increase of 14.38%, while net profit attributable to shareholders was 294 million yuan, a decrease of 7.14%. The net profit excluding non-recurring items was 301 million yuan, an increase of 3.53% [1]. - In Q1 2025, the company reported revenue of 908 million yuan, a year-on-year increase of 25.81%, and net profit attributable to shareholders of 94 million yuan, up 28.15% [1]. Product Development and Innovation - Jiangsu Leili has adopted an "Electric Motor+" strategy, expanding its product offerings to include precision gearboxes, sensors, and drive control systems, with several new products entering mass production in non-home appliance sectors in 2024 [1][2]. - The company has developed a comprehensive motion control system solution for humanoid robots, including linear joints, rotary joints, and dexterous hands, and is focusing on high-precision sensors and control components through external investments and collaborations [2][3]. Strategic Partnerships - Jiangsu Leili has established a partnership with Blue Technology, a leading quadruped robot company in China, to supply joint actuators for quadruped robots and enhance resource integration for product development and cost reduction [3]. Global Expansion and Market Strategy - The company is enhancing its overseas production capacity and sales network to mitigate the impact of U.S.-China trade tensions, with approximately 18% of its revenue coming from the U.S. market in 2024 [4]. - Jiangsu Leili has established R&D and manufacturing bases in North America, Europe, Southeast Asia, South Korea, and Hong Kong, with a completed expansion of its Vietnam factory and a new factory in Mexico set to begin production in 2025 [4].

Group 1 - The core business of the company is the research, production, and sales of micro motors, with key products including linear actuators, voice coil motors, hybrid stepper motors, and DC motors [1] - In the fiscal year 2024, the company achieved operating revenue of 224 million yuan, a decrease of 20.80% compared to the previous year, and a net profit attributable to shareholders of 38.70 million yuan, down 52.17% year-on-year [1] - The decline in operating revenue is primarily due to a significant drop in sales of voice coil motors, which were previously used in invasive ventilators, affected by the end market and existing inventory consumption [1] Group 2 - The company is focusing on the development of humanoid robot components, which are currently in the R&D and sample testing phase, with no mass production yet, indicating significant uncertainty in future development [2] - The company is actively enhancing its product platform layout for humanoid robots, including the development of hollow cup motors, frameless motors, precision gearboxes, and various integrated planetary module products for robotic arms [2] - Collaborations with multiple domestic and international clients in the humanoid robot supply chain are underway [2]