Sitong New Metal to partner with Weijing Intelligent, entering robotics industry

Hebei Sitong New Metal Material Co. (Sitong New Metal) has signed a strategic cooperation agreement with Beijing Weijing Intelligent Technology Co. (Weijing Intelligent) to jointly advance the humanoid robot industry. Sitong New Metal will leverage its expertise in high-end aluminum alloy materials, forging, die-casting, and CNC machining to supply Weijing Intelligent with high-performance aluminum alloy materials and lightweight components for humanoid robots. Additionally, Sitong New Metal will provide assembly and support services for Weijing Intelligent’s robot products, aiming to accelerate mass production.

Weijing Intelligent will contribute its visual perception, recognition algorithms, and AI decision-making technologies to offer visual inspection and standardized operation solutions for Sitong New Metal’s smart factories, enhancing production efficiency and quality. The partnership also involves establishing a "Robotics Manufacturing Lightweight Materials and Components R&D Laboratory" to drive shared technological advancements. This framework agreement, signed on October 9, 2025, also outlines a future equity cooperation between the two companies.

Concurrent with this strategic move, Sitong New Metal issued its Q3 2025 report on its convertible bonds, "Sitong Convertible Bond." During the quarter, the convertible bonds saw a reduction of 68 units (totaling 6,800 yuan), converted into 361 shares. As of September 30, 2025, 899,730,600 yuan of convertible bonds remain. The conversion price was adjusted to 18.66 yuan per share, effective June 23, 2025, following the company's 2024 profit distribution.