Xingyu Shares is making steady progress in expanding its overseas production capacity, while also actively venturing into the robotics sector. During the first half of the year, the company reported a net profit attributable to shareholders of RMB 669 million, marking a 5.3% decline year-on-year. For the second quarter, the net profit attributable to shareholders was RMB 314 million, representing an 18.3% decrease year-on-year and an 11.5% drop quarter-on-quarter. Xingyu Shares continues to offer supporting services for domestic luxury vehicle models. Meanwhile, the construction of its Phase II factory in Serbia is proceeding without a hitch. In July, the company inked a strategic cooperation agreement with Kingfa Science & Technology regarding innovative materials for robotics. Moreover, products integrated with its robotics hardware solutions made their debut at WAIC 2026. Xingyu Shares is poised to capitalize on its technological prowess amassed in the intelligent automotive lighting domain to cultivate the robotics business as a secondary growth engine. Orient Securities has revised its EPS projections for Xingyu Shares from 2026 to 2028 to RMB 5.47, RMB 6.89, and RMB 8.06, respectively. Drawing on the average 19x PE of comparable companies in 2026, it sets a target price of RMB 103.93 and upholds a 'Buy' recommendation.