The logic: actuators are roughly 33‑60% of a humanoid’s bill of materials – the single biggest cost bucket – and assembly is a scale, integration and cost game rather than a proprietary‑IP game, which is Sanhua’s home turf given its motor‑manufacturing scale and cost base. An outside analyst ranks our actuator assembly as its ‘adoption‑certainty’ pick on that logic, a forward‑looking bet, not a current market‑share fact. Our disclosure shows the actuator business is emerging and pre‑mass‑production, and the humanoid market is pre‑volume, so no one is dominant yet.