Fengmao Says Robot and Liquid-Cooling Businesses Still in Customer Validation

Fengmao Co. (301459.SZ) disclosed in its investor relations record on Nov. 11 that it attaches strategic importance to emerging fields such as robotics and liquid cooling. However, these businesses are still in customer validation and small-batch supply, and their contribution to the company's revenue in the same period remains very low. The company noted that the businesses are still in an early expansion phase, suggesting commercialization and scale-up have not yet been achieved. The disclosure provides investors with a clearer view of the timeline: while Fengmao is positioning for new growth areas, near-term financial impact is limited, and progress will depend on customer certification and order ramp-up. The company did not provide specific revenue figures or customer names in the available abstract.