Cixing Shares Signs Industry-University-Research and Strategic Cooperation Agreements to Enter the Electronic Skin Sector

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Cixing Shares signed two agreements at an exchange meeting on August 19, officially entering the new smart fabric sector for humanoid robot electronic skin and related applications. The company signed a Strategic Cooperation Framework Agreement on Industry-University-Research for the Smart Wearable Industry with Hangzhou Guorui Microfiber, Kuangda Technology, Mingxin Xuteng, the College of Textiles and Clothing at Qingdao University, the School of Computer Science and Artificial Intelligence at Wuhan Textile University, and the Jiaxing Research Institute of Southern University of Science and Technology. It also signed a Strategic Cooperation Agreement with Mingxin Xuteng to build an integrated collaborative system covering materials, equipment, and processes. The company has independently developed the world's first specialized computerized flat knitting machine for warp and weft composite knitting used in the preparation of knitted flexible electronic skin, capable of composite knitting with up to 32 different materials, with mass production costs significantly lower than traditional patch-type sensing solutions. Cixing Shares sold nearly 32,000 computerized flat knitting machines in 2025, with a global market share exceeding 30 percent and an annual production capacity of 45,000 units. Guosheng Securities expects its net profit attributable to the parent company to be 302 million yuan, 426 million yuan, and 577 million yuan respectively from 2026 to 2028.

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Developed world's first specialized knitting machine for electronic skin, entering new sector.

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