Zhongzhong Technology has issued a stock trading anomaly announcement clarifying that its core business remains the R&D, process design, manufacturing, technical services, and sales of intelligent rolling equipment and complete production lines for the metallurgical sector. Its flagship products include fully automated rolling lines for hot-rolled sections, strip steel, bars and wire rods, and medium-thick plates, along with supporting spare parts. The company is classified under the special equipment manufacturing industry, and its main business has not changed.
Addressing recent market buzz around the humanoid robot concept, the company stated that it does not engage in the R&D of general-purpose humanoid robot bodies, does not manufacture such bodies, and generates no related sales revenue. Its subsidiary, Zhongzhong Lingxi, operates on a small scale and is currently loss-making. The subsidiary's main business is flexible automated production lines. As of the end of the third quarter, its recognized revenue was extremely low, not exceeding 1 million yuan.
