Hongchang Technology (301008.SZ) has released an announcement regarding abnormal stock price movements. The announcement highlights that the market has recently shown significant enthusiasm for the concept of humanoid robots. In the first half of 2025, Hongchang Technology made a strategic investment of 30 million yuan to acquire a 30% equity stake in Hangzhou Liangzhi Joint Technology Co., Ltd. This company is primarily engaged in the humanoid robot industry chain, specializing in the research and development, production, and sales of reducers and joint modules—key components in robotic systems. However, due to the ongoing progress in mass production and research & development testing by downstream customers, the scale of currently executed orders and the corresponding revenue generated by Hangzhou Liangzhi Joint Technology Co., Ltd. remain relatively modest. In light of this, Hongchang Technology advises investors to exercise caution, be mindful of potential risks, and make rational investment decisions.