TECO Showcases Complete TJM Series Robotic Joint Modules at Taiwan Expo in Japan

Yifan Transmission released an equity change announcement on the evening of October 8. The company's actual controller Liu Jincheng plans to transfer 5% of his shares through a negotiated transfer, with the transferee being the Guolian Tianyi Flexible Allocation No. 11 collective asset management plan under Guolian Asset Management. The transfer price is 24.2 yuan per share, and the total transaction consideration is approximately 113 million yuan. The subject of this transaction is 4.665 million unrestricted tradable shares. Before the transfer, Liu Jincheng held 33.56% of Yifan Transmission's shares. After the transfer is completed, his shareholding will drop to 28.56%, and he will remain the controlling shareholder and actual controller of the listed company. The transaction will not trigger a mandatory tender offer, nor will it change the control of the listed company. The asset management plan under Guolian Asset Management, as the transferee, is a financial investor and does not seek control. It has committed not to reduce its holdings within 12 months after the share transfer is completed. The transfer still needs to pass compliance review by the Shenzhen Stock Exchange before the transfer registration can be processed, so there is some uncertainty. The announcement stated that the reason for the transfer is the actual controller's personal capital needs, while also aiming to introduce medium- and long-term institutional investors who recognize the company's intrinsic value. The cashed-out funds belong to the actual controller personally and will not be injected into the listed company. Against the backdrop of pressure on the main business, the company achieved revenue of 118 million yuan in the first half of 2026, down 8.54% year-on-year, and net profit attributable to the parent of 25.87 million yuan, down 30.98% year-on-year. Among these, energy storage geared motor revenue was 78 million yuan, down 10.63% year-on-year, and RV geared motor revenue was 17 million yuan, down 12.55% year-on-year.

Mecka AI has raised $60 million in Series B funding led by Sequoia Capital, with backing from Nvidia, Microsoft's M12 and Qualcomm, as it builds technology to help robots understand and operate in the physical world. CEO and cofounder Josh Gao said robotics is entering a deep learning era in which compute, algorithms and data must come together, and that Mecka's work centers on digitizing the physical world, from the pressure required to interact with objects to how a dropped cup shatters. He said the company's business spans three stacks in robotics: hardware, including force sensors that Mecka designs, manufactures and produces at scale; software; and operations, with Mecka distributing and running logistics internationally to reach different scenarios and edge cases. Gao also noted that Tony Xu, the founder of DoorDash, is among Mecka's backers. He said the new funding will go toward laying infrastructure, including hundreds of gigabytes of upload bandwidth in some regions, and toward hiring top-tier robotics talent across infrastructure, operations and hardware. Gao compared the data challenge to Tesla spending a decade to solve autonomous driving, noting that robotics involves many dozens of degrees of freedom, even within the hand, making the scale of data required exponential.

Efort announced on September 30 that the company and its controlling subsidiary Qizhi Robot received a total of 65 million yuan in government subsidy funds for the phased acceptance of a lead project, accounting for 13.08% of the company's most recent audited net profit attributable to the parent. This subsidy is a government grant related to income and is expected to have a certain positive impact on the company's future profit. The specific accounting treatment and its impact on the current year's profit and loss remain subject to the results confirmed by the auditor's annual audit. Efort is mainly engaged in the research, development, production, and sales of core underlying technologies and components for intelligent robots, intelligent robots, and system integration. The 2026 semi-annual report shows that during the reporting period, the company achieved total operating revenue of 656 million yuan, a year-on-year increase of 28.93%; net profit attributable to the parent was a loss of 56.9258 million yuan, compared with a loss of 152 million yuan in the same period last year; non-GAAP net profit was a loss of 110 million yuan, compared with a loss of 159 million yuan in the same period last year; net cash flow from operating activities was 27.1218 million yuan, compared with negative 171 million yuan in the same period last year.