ZHIWEI Intelligence announced on November 11 that its embodied intelligence business currently consists solely of embodied intelligence controller products. In the first three quarters of 2026, revenue from this segment—including controller products and related solutions provided to Zhiyuan Robotics—remained relatively small, accounting for less than 1% of the company's total operating revenue. Given the rapid technological iteration in the embodied intelligence industry, it remains uncertain whether the company's technology roadmap can maintain its leading position and whether its products will gain market acceptance. The robotics business contributes minimal revenue and profit and will not materially affect the company's operating performance in the short term. As the computing power business continues to expand, the company's assets and liabilities will grow in tandem, and its asset-liability ratio will remain at a relatively high level in the near term. Financial data for the third quarter of 2026 show that the company's asset-liability ratio stood at 78.05%. Should future business expansion and capital investment fall short of expectations, this could impact the company's capital turnover, solvency, and operational stability. Investors are advised to be mindful of these risks and to make rational, prudent investment decisions.
