Daye Co., Ltd. (603278.SH): Robotic tendon rope products are currently not mass-produced and have not generated substantial revenue

Zhitong Finance App News, Daye Co., Ltd. (603278.SH) issued a stock price change announcement stating that the company is concerned about commercial aerospace concepts in the recent market. After the company's self-inspection, the company increased the capital of Hubei Sanjiang Aerospace Jiangbei Machinery Engineering Co., Ltd. (“Jiangbei Company”) in cash on June 30, 2021, and pledged “Jiangbei Company” for an additional registered capital of 26.2 million yuan. After the capital increase was completed, it held 4.216% of Jiangbei Company's shares. Currently, the net profit scale is small. The above investment of the company is a financial investment. Since the company's equity share is relatively small, there is little impact on the company's performance due to its small share share and few dividends.

The company is concerned that in the recent market, the company is also involved in “humanoid robot concept stocks” related content. The company's main business is still mainly R&D, production and sales of bezel steel wire, steel cord, and hose steel wire. The company's robot tendon rope products have not yet been mass-produced, generating no substantial revenue, and there is significant uncertainty about the future of the company's related business in terms of technology research and development, product competitiveness, and profitability.