Fulian plans to raise no more than 1.022 billion yuan through a private placement to fund projects such as the development of key metal components for embodied intelligent robots.

On the evening of March 17, Fuliwang (688678) announced that the company plans to raise no more than 1.022 billion yuan (including the principal) through a private placement, with the net proceeds after deducting relevant issuance costs intended for the industrialization project of key metal components in high-end manufacturing, the R&D project of key metal components for embodied intelligent robots, and to supplement working capital.

According to the disclosure, the industrialization project of key metal components in high-end manufacturing plans to invest 743 million yuan, intending to expand the capacity of MIM precision metal components through land acquisition, the construction of new production bases, and the purchase of high-end manufacturing equipment, while enhancing its business layout in the field of embodied intelligent robots, forming the capability for mass production of components such as micro planetary roller screws, dexterous hand joints, and body joints of embodied intelligent robots, actively seizing market development opportunities for embodied intelligent robots. Upon completion, the project will help the company respond timely to customer production demands, create a diversified growth curve, improve profitability and risk resistance, and achieve long-term sustainable development goals.

Fuliwang stated that the company will undertake the construction of this project, acquiring land and building new production bases to expand the production operating area, while simultaneously introducing equipment such as injection molding machines, sintering furnaces, and continuous furnaces to promote the upgrading of MIM processes and enhance production efficiency, thereby expanding the production scale of MIM precision metal components to meet the growing downstream market and customer order demands. Upon completion, the project will enhance the company’s business response speed, ensure supply stability and timely delivery, thus establishing closer cooperative relationships with downstream customers and providing sufficient capacity reserves for the company’s future market expansion and business development.

At the same time, the project will establish new sites and purchase high-end manufacturing equipment such as external round grinding machines, external thread grinding machines, internal thread grinding machines, and horizontal machining centers, forming the capability for mass production of products like micro planetary roller screws, dexterous hand joints, and body joints, providing reliable and stable precision component products to support the fine operations and high-load tasks of embodied intelligent robots.

The R&D project for key metal components of embodied intelligent robots plans to invest 72.885 million yuan. The project intends to improve the existing R&D environment and infrastructure conditions through the purchase of advanced experimental and testing equipment, while also introducing professional technical talent to enhance the company’s technological innovation capabilities. Additionally, the project will continue to advance the company’s basic research and application development of core components such as micro screws for dexterous robotic fingers and micro precision reducers, strengthen related cutting-edge technology reserves, and conduct ongoing research and development around key performance and industry challenges such as high precision, long life, and low noise, promoting the transformation of R&D results, product implementation, and innovation upgrades, thereby enhancing the company’s business competitiveness and promoting sustainable development.

Fuliwang indicated that the core components of embodied intelligent robots are key to driving performance upgrades and mass production, integrating complex technologies such as mechanical structures, materials science, electronic control, and sensors, with stringent requirements for product accuracy, load capacity, stability, and service life, posing high demands on the R&D design and testing capabilities of manufacturing enterprises. Meanwhile, with sustained business growth and an expanding talent pool, the company’s existing R&D infrastructure, instruments, and experimental environment are unable to meet the rapidly developing business needs. Against this backdrop, it is necessary for the company to build a more advanced R&D center with improved software and hardware conditions, providing the necessary R&D environment for the continuous development of its main business and deeper layout in the embodied intelligent robot business.

On the evening of the 17th, Fuliwang also disclosed its 2025 annual report, showing that during the reporting period, the company achieved operating income of 1.972 billion yuan, an increase of 53.46% compared to the same period last year; achieved a net profit attributable to the parent company of 55.2117 million yuan, an increase of 1.26% compared to the same period last year; achieved a net profit after deducting non-recurring gains and losses of 46.1065 million yuan, an increase of 19.68% compared to the same period last year.

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