HK Stock Market Move | Johnson Electric (00179) rose more than 3%, partnering with Shanghai Mechanical & Electrical Industry to enter the humanoid Siasun Robot & Automation joint field. The institution is optimistic about the company's long-term development prospects.

JOHNSON ELEC H (00179) rose more than 3%, as of press time, up 2.83% to 23.6 Hong Kong dollars, with a turnover of 47.2116 million Hong Kong dollars. On the news front, recently, according to an announcement by JOHNSON ELEC H, the company has set up two joint venture companies with Shanghai Mechanical & Electrical Industry. The design and manufacturing company is owned 51% by JOHNSON ELEC H, while the sales company is majority-held by Shanghai Mechanical & Electrical Industry, with Dechang Electric holding 49% stake. The main purpose of establishing the two joint venture companies is to serve the domestic humanoid Siasun Robot & Automation market. The products to be developed include waist, hip, knee, and ankle joints, as well as dexterous hand actuators and sensors. Guotai Haitong believes that Dechang Electric has accumulated deep expertise in motor design and manufacturing, and working with Shanghai Mechanical & Electrical Industry will strengthen its financial strength and ability in non-motor components. The ability to develop core components for humanoid Siasun Robot & Automation is expected to be further enhanced. The firm is optimistic about the long-term development prospects of JOHNSON ELEC H in the field of humanoid Siasun Robot & Automation component manufacturing.