Hongchang Technology: Currently, the order size of reducers is small, and the revenue scale is also small.

Announcement of abnormal fluctuations in the stock trading of Hongchang Technology, the company has noticed that the market has shown a high level of interest in the concept of humanoid robots recently. The company disclosed the situation of its related business in the "2025 Interim Report". In the first half of 2025, the company invested 30 million yuan in Hangzhou Liangzhi Joint Technology Co., Ltd., holding 30% of the company's shares. The company focuses on the industrial chain of humanoid robots, mainly engaged in the research, development, production, and sales of harmonic reducers, planetary reducers, and joint modules. It is important to remind investors that due to the limited production scale and research and development testing progress of downstream customers, the current order size is relatively small, and the revenue scale is also small. Please pay attention to investment risks, make rational decisions, and invest cautiously.