KDL(SZ:002850)2025-08-28 01:14Group 1: Product Development and Innovation - The company focuses on three main product directions: harmonic reducers, joint modules, and cycloidal reducers [2][3] - In the harmonic reducer sector, the company is developing lightweight products using aluminum-steel composites and special PEEK materials, receiving positive market feedback, especially in humanoid robotics [2][3] - The joint module is being enhanced through self-developed technologies to improve torque-to-weight ratio and energy efficiency, with energy consumption reduced by 50% compared to previous models [3][4] Group 2: Competitive Advantages - The company has established strong partnerships with key players like Weichuang Electric for technology training and production, enhancing overall capabilities [4] - There is significant room for innovation in the structure and material selection of harmonic reducers, giving integrated manufacturers an edge in optimizing joint module business [4][5] - The integration of resources from Keda Li, Taiwan Mengli, and Taiwan Mengying has created a global service network, facilitating customer cooperation [5] Group 3: Market Dynamics and Challenges - The sample testing cycle for customers typically lasts at least 1-2 months, with ongoing adjustments needed due to rapid advancements in humanoid robotics technology [6] - The production lines for cycloidal reducers can be shared with harmonic reducers, utilizing wire cutting technology to enhance precision and rigidity [7] - The company's reducers are designed to be lightweight, energy-efficient, and high in transmission efficiency, with aluminum-steel reducers being 30%-60% lighter than standard products while maintaining strength and improving heat dissipation [7]