Nanshan Zhishang said on its Oct. 29 conference call that its humanoid-robot
business remains in the customer cultivation and certification phase and has not
produced scaled revenue. In the near term the company is focusing on tech
refinement, sample iteration and customer certification while prioritizing
supply‑chain positioning. It expects accelerated industrialization of humanoid
robots to drive system‑wide demand for actuation tendon cables, flexible
encapsulation/overmolding and wear‑resistant protective materials, and says its
materials layout and technical base give it an early‑mover advantage for future
growth.