Xiangming Intelligent: Some products have already used rare earth materials. The company's products have not yet been applied in the UAV or large aircraft industries.

On July 7, Sunmec fluctuated rangebound. By 9:55 a.m. on the 7th, Sunmec remained unchanged at 26.57 yuan per share.

When asked, "What is the company's layout in rare earths?", Sunmec responded on the investor interaction platform on July 4 that the company's product positioning is efficiency and intelligence, and rare earths are important raw materials in efficient motors and componentized products. Some of the company's products already use rare earth materials.

Sunmec also stated on the investor interaction platform on July 4 that the company's products have not yet been applied in the drone or large aircraft industries.

Records of institutional surveys disclosed by Sunmec on June 11 show:

1. How does the German subsidiary strategize its layout?

Sunmec stated: The company's overseas revenue accounted for over 30% in 2024, with product exports covering more than 30 countries and regions worldwide. Europe is the company's main product export region, and the German subsidiary serves as the core fulcrum in the European market, primarily undertaking functions such as customer project tracking, technical support, and market information collection to assist the company in expanding its European business. The company's capital increase in the German subsidiary aims to expand the local team size, improve customer response efficiency, support new product R&D, and enhance competitiveness in the European market.

2. How to empower the humanoid robot field?

Sunmec stated: Humanoid robots are a new field with significant impact on the future market, and the company is actively involved in the development of this field with motion joint modules. The company has invested in Japan's BR Company, integrating a senior R&D team from the Japanese robotics industry, and through capital cooperation, integrating the main supply chain of motion joint modules. In July 2024, the company participated in the investment and establishment of Changzhou Xianghan Embodied Intelligence Equipment Co., Ltd., which engages in the R&D, production, and sales of industrial/humanoid robot joint motion modules and related systems and software.In the future, with the acceleration of humanoid robot mass production, the company will rely on the joint venture company's humanoid robot joint module business to extend its products into high-value-added fields such as service robots and medical robots.

Records of institutional surveys disclosed by Sunmec on June 10 show:

1. Company development stage and business transformation

Sunmec responded: Company development stage: From 1995 to 2005, the company's main business focused on AC asynchronous motors, DC brushless/brushed motors as core products, applied in fields such as HVAC, home appliances, and automobiles. It established a micro-motor R&D system, laying the foundation for the company's customized development capabilities. From 2005 to 2025, the company has laid out a "motor+" strategic transformation, adding new products such as magnetic coupling pumps, precision reduction and transmission, control components, and software systems, providing modular solutions and developing integrated intelligent brushless DC motors. In terms of market expansion, the company's domestic coverage spans over 20 provinces and cities, with exports to more than 30 countries in Europe, America, and Asia. In 2025, the company's product layout will extend into the intelligent industry, with the establishment of a joint venture company entering the field of R&D, production, and sales of industrial robots and humanoid robot joint motion modules, as well as related systems and software. Meanwhile, the company will expand the proportion of intelligent and information-based products, transitioning towards system integration and global R&D for its products.

2. What was the composition of the company's main business revenue in 2024 and what are the future development trends?

Xiangming Intelligent responded: In 2024, motor products accounted for 46.82% of the company's revenue, mainly including DC brushless/brushed motors and AC asynchronous motors, applied in industrial equipment, NEVs, and other fields. Fan products accounted for 50.26%, mainly including AC external rotor fans and brushless fans, applied in data centers, wind power equipment, NEV thermal management systems, and other fields. Intelligent components and others accounted for 2.92%, including emerging businesses such as driver assemblies, various components, and cluster control systems. The company's products have a wide range of applications, with brushless motors and fans featuring high efficiency and energy-saving characteristics. As a core basic industry in the industrial sector, the development prospects of the motor industry are closely tied to major global trends such as energy transformation, intelligent upgrades, and green manufacturing. Traditional manufacturing of motors as key components will continue to inject new vitality. With the continuous expansion of the NEV market and the increase in thermal management demand, the company's thermal management system products are expected to further expand their market share. With the continuous development of communication technologies such as 5G, there is a sustained demand for the construction and upgrading of communication base stations and data centers, and the company is expected to continue expanding its business in the communication field. With the rapid development of the robotics industry, products in this field are expected to become an important business growth point for the company in the future. Automotive electronics and healthcare are also important growth points for the company's business.

According to Xiangming Intelligent's 2024 annual report, the company achieved a total operating revenue of 509 million yuan in 2024, a year-on-year decrease of 12.45%. Net profit attributable to shareholders was 29.3015 million yuan, a year-on-year decrease of 28.60%.

Xiangming Intelligent previously released its Q1 2025 report, showing that in the first quarter of this year, the company's operating revenue was 120 million yuan, a year-on-year increase of 9.1%. Net profit attributable to shareholders was 7.11 million yuan, a year-on-year increase of 12%.