Fenda Tech(002681) 中国经营报·2025-03-29 05:08Core Viewpoint - Shenzhen Fenda Technology Co., Ltd. has signed a technology development contract with Tsinghua University to enhance its capabilities in humanoid robotics and artificial intelligence, despite a significant decline in R&D spending over the past two years [1][3]. Group 1: Partnership with Tsinghua University - The collaboration aims to leverage Tsinghua University's research resources to improve Fenda's R&D strength and smart manufacturing capabilities [3]. - The contract includes the development of key components for humanoid robots, focusing on expanding application scenarios, upgrading core components, and optimizing AI algorithms [2]. - Fenda will provide robot-related components for testing and development, with a total project budget of 7.98 million yuan [2]. Group 2: Previous Collaborations - Prior to the agreement with Tsinghua University, Fenda had signed a strategic cooperation framework agreement with Shanghai Feixi Robotics to enhance automation and smart production levels [5]. - The partnership with Feixi Robotics involves assisting in product cost reduction and quality improvement, as well as developing adaptive robotics [5]. Group 3: R&D Investment Trends - Fenda's R&D spending has decreased significantly, with 2023 expenditures nearly halved compared to the peak in 2021, dropping from 306 million yuan in 2021 to 158 million yuan in 2023 [7]. - The R&D investment as a percentage of revenue has also declined, from 7.34% in 2021 to 5.47% in 2023 [7]. - The company has not paid cash dividends for six consecutive years, with cumulative losses of 887 million yuan since its listing [9]. Group 4: Future Directions - Fenda aims to explore other AI applications and diversify its product line to capture a larger market share [6]. - The company is focusing on attracting high-quality talent and enhancing its R&D capabilities to improve its competitive position in the market [8].