SHANGHAI, July 17, 2026 /PRNewswire/ — Joyson Electronics (600699.SH/0699.HK) announced at the 2026 World Artificial Intelligence Conference (WAIC) a suite of robotic component solutions, including a dexterous robotic hand, solid-liquid hybrid battery, third-generation AI head assembly, electronic skin, and an embodied AI brain – alongside its latest achievements in industrial settings training and application. In addition, the company’s robot controller products are already in volume production and being delivered to leading robotics firms.

Dexterous Robotic Hand Integrates Multiple Industry-Exclusive Technologies; AI Head Assembly Ready for Rapid Mass Production

The dexterous robotic hand is often regarded as the “crown jewel” of robotics – owing to its high level of integration across a broad range of frontier disciplines, among them bionics, flexible sensing, MEMS, and advanced materials – and its significant commercial value.

At WAIC, Joyson Electronics introduced its first fully in-house developed “TeleHand” series of dexterous hand solutions. The TeleHand Professional Edition features an industry-exclusive “in-palm integration + hybrid actuation” architecture, directly addressing key challenges such as standalone integrity, tactile sensing, compliant manipulation, and fine motion control.

With 20 degrees of freedom, the TeleHand integrates three actuation modes – direct drive, tendon-driven, and linkage – within the palm. This design not only combines the precision of direct drive with the compliance of tendon-driven mechanisms, but also delivers higher transmission efficiency and lighter weight, enabling easy adaptation to various robotic platforms.

The TeleHand is equipped with Joyson Electronics’ in-house developed actuators and force-tactile sensing technologies, including:

• Ultra-compact, high-torque-density miniature frameless actuators, which reduce volume by nearly 50% and weight by approximately 30% compared to conventional models, while delivering 2–3 times higher torque density than industry-standard hollow-cup motors of the same diameter.
• In-house developed force and tactile sensing technology (electronic skin), featuring industry-exclusive natively decoupled three-dimensional force sensing, achieving resolution beyond human tactile limits, with high sensitivity, proximity detection, ultra-thin form factor, and flexibility – suitable for diverse dexterous hand and embodied intelligence applications.

The TeleHand PHINO platform’s native unified multimodal fusion architecture minimizes information loss and offers strong generalization capabilities, enabling the TeleHand to perform precision industrial operations while seamlessly supporting service-oriented interactive scenarios. In addition to the Professional Edition, Joyson Electronics also launched a cost-effective Basic Edition, which offers industrial-grade reliability and real-world deployment advantages through in-house factory batch deployment.

Meanwhile, Joyson Electronics unveiled its third-generation AI head assembly, which integrates perception, motion, and system-level capabilities to deliver more natural head movements and emotional expression. Designed with a production-ready mechatronic architecture, it enables rapid support from concept design and prototype validation to mass production. Its modular and platform-based design further allows for agile product customization and iteration to meet diverse customer requirements.

Joyson Electronics Debuts Embodied AI Brain; Controllers Already Shipping to Leading Customers

In the robotics “brain” domain (cerebrum and cerebellum), Joyson Electronics’ automotive-grade edge-side physical AI platform – its robot controller products – has already achieved commercial deployment and is now in volume production for leading robotics customers.

Furthermore, Joyson Electronics unveiled its embodied AI brain solution (EAOS + EAPC) – a unified, software-hardware-integrated platform designed for cross-form-factor and cross-scenario adaptability. The solution aims to make robots “easier to use, truly productive, and capable of autonomous evolution.”

The Embodied AI PC (EAPC) adopts an external form-factor design, built on a fused cerebrum-cerebellum controller architecture, with computing power ranging from 40 TOPS to 2070 TFLOPS, meeting diverse requirements from entry-level to flagship embodied AI systems. The product features a modular, integrated design with a compact footprint and superior thermal efficiency, enabling cross-platform and cross-environment adaptability. Leveraging Joyson Electronics’ automotive supply chain and manufacturing capabilities, the solution also offers significant cost competitiveness.

On the software side, the Embodied AI Operating System (EAOS) comprises three core subsystems:

• World Model – responsible for “understanding”, encoding multimodal signals into unified state representations and using dynamic predictors to simulate and preview scenarios within the system.
• Agentic OS – responsible for “action”, formulating high-level strategies, decomposing complex tasks, dynamically orchestrating sub-agents, invoking skill libraries and tools, and translating decisions into precise motions across dexterous hands, robotic arms, and mobile chassis.
• Memory System – responsible for “evolution,” managing working memory for real-time context, episodic memory for past experiences, and skill memory for accumulated learned capabilities.

The EAOS enables robots to execute long-horizon, complex tasks and achieve autonomous evolution – translating into tangible productivity gains. To date, Joyson Electronics’ embodied AI brain has been deployed in real-world settings, including select industrial scenarios and automated charging.

Solid-Liquid Hybrid Battery: The Optimal Power Solution for Embodied Intelligence

Conventional energy solutions for embodied intelligence face multiple challenges – limited endurance, large footprint, long recharging times, and insufficient power capacity to support instantaneous high-current discharge. Battery safety also remains a critical factor for widespread adoption. The industry requires a fundamental breakthrough that simultaneously balances energy density, power density, and safety.

Solid-liquid hybrid batteries (semi-solid-state batteries) offer the optimal power solution for embodied intelligence and represent the only technological pathway capable of addressing all the above energy challenges at the current stage. At WAIC, Joyson Electronics introduced its “Crystal Energy” multi-form solid-liquid hybrid battery solution, delivering high performance and reliability:

• Energy density significantly increased to 380 Wh/kg
• Overall endurance improved by approximately 60%
• Cycle life exceeding 2,000 cycles
• Wide operating temperature range from -20°C to 60°C
• Supports both wired and wireless charging, reaching 80% capacity in just 30 minutes

Complementing this is the Crystal Energy Ultra-Control BMS, which operates across a wide temperature range of -40°C to 105°C, featuring real-time cell monitoring, automotive-grade safety protection, and full-lifecycle health management – comprehensively enhancing the safety, durability, and energy efficiency of robotic power systems. Additionally, Joyson Electronics unveiled its first gallium nitride (GaN) motor driver, achieving conversion efficiency exceeding 95% while reducing size by 40% – positioning it at the forefront of the industry.

With robotics standing on the cusp of large-scale commercialization, Joyson Electronics is advancing its “self-development + investment” dual-drive strategy, expanding its presence in embodied intelligence, and accelerating breakthroughs in key technologies. Looking ahead, Joyson Electronics will leverage its global R&D, manufacturing capabilities, and industrial settings to drive the reliable, scalable, and cost-effective commercialization of robotic core components, helping accelerate the industry’s transition to mass adoption.

HONG KONG, July 18, 2026 /PRNewswire/ — CCSC Technology International Holdings Limited (the “Company” or “CCSC”) (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced its financial results for the fiscal year ended March 31, 2026.

Mr. Kung Lok Chiu, Chief Executive Officer and Director of the Company, commented, “Fiscal year 2026 demonstrated the resilience of our business and the continued strength of our core operations. During the fiscal year, gross profit increased by 1.6% to $5.1 million, with gross profit margin improving to 29.3% from 28.3% in the prior fiscal year, supported by our continued focus on cost management and operational efficiency. We also recorded encouraging growth across selected products and markets, with revenue from connectors increasing by 5.7% and revenue from Asia increasing by 4.4%.

“During the fiscal year, we advanced several strategic initiatives designed to broaden our capabilities and strengthen our market position. We launched eNaviX, our carbon footprint and energy management system for small and medium sized enterprises, expanding our offerings into carbon management and Environmental, Social and Governance (ESG) solutions. We also commenced construction of our new European supply chain management center in Merosina, Serbia, in January 2026, which is expected to be completed and ready for operational use in December 2026 and will serve as the headquarters of our European supply chain operations.

“Looking ahead, we remain focused on enhancing our product portfolio, deepening customer relationships and improving operational flexibility as we pursue sustainable growth and long-term value for our shareholders. We believe our ongoing strategic initiatives will further strengthen our market position and support the Company’s next phase of development.”

Fiscal Year Ended March 31, 2026 Financial Highlights

• Revenue was $17.3 million for the fiscal year ended March 31, 2026, compared to $17.6 million for the fiscal year ended March 31, 2025.
• Gross profit increased by 1.6% to $5.1 million for the fiscal year ended March 31, 2026, from $5.0 million for the fiscal year ended March 31, 2025.
• Gross profit margin was 29.3% for the fiscal year ended March 31, 2026, increased from 28.3% for the fiscal year ended March 31, 2025.
• Net loss was $4.8 million for the fiscal year ended March 31, 2026, compared to $1.4 million for the fiscal year ended March 31, 2025.
• Basic and diluted loss per share was $1.94 for the fiscal year ended March 31, 2026, compared to $1.22 for the fiscal year ended March 31, 2025.

Fiscal Year Ended March 31, 2026 Financial Results

Revenue

Total revenue was $17.3 million for the fiscal year ended March 31, 2026, which decreased by 1.9% from $17.6 million for the fiscal year ended March 31, 2025.

The following table sets forth revenue by interconnect products:

Revenue generated from cables and wire harnesses decreased by 2.4%, to $16.0 million for the fiscal year ended March 31, 2026, from $16.4 million for the fiscal year ended March 31, 2025. The decrease was primarily driven by lower sales volume, which was partially offset by the increase in the overall average selling prices of the Company’s cables and wire harness products.

Revenue generated from connectors increased by 5.7%, to $1.3 million for the fiscal year ended March 31, 2026, from $1.2 million for the fiscal year ended March 31, 2025. The increase was primarily attributable to the increase in the overall average selling prices of the Company’s connectors, partially offset by a decrease in sales volume.

The following table sets forth the disaggregation of revenue by regions:

Revenue generated from Europe decreased by 3.8%, to $10.6 million for the fiscal year ended March 31, 2026, from $11.0 million for the fiscal year ended March 31, 2025. The decline stemmed from modest sales decreases in Denmark and Bulgaria, which were partially offset by slight revenue growth in Hungary and the Netherlands.

Revenue generated from Asia increased by 4.4%, to $5.6 million for the fiscal year ended March 31, 2026, from $5.3 million for the fiscal year ended March 31, 2025. This increase was primarily driven by a sales increase in Mainland China of $0.7 million and a sales increase in the Association of Southeast Asian Nations, or ASEAN, of $0.1 million, and was partially offset by a sales decrease in Hong Kong, China of $0.5 million.

Revenue generated from the Americas decreased by 11.2%, to $1.2 million for the fiscal year ended March 31, 2026, from $1.3 million for the fiscal year ended March 31, 2025. This decrease was primarily due to a sales decrease in North America of $0.2 million.

Cost of Revenue

Cost of revenue decreased by 3.2%, to $12.2 million for the fiscal year ended March 31, 2026, from $12.6 million for the fiscal year ended March 31, 2025, which was generally in line with the decrease in total revenue.

Inventory costs amounted to $8.5 million for the fiscal year ended March 31, 2026, compared to $8.6 million for the fiscal year ended March 31, 2025. The decrease in the Company’s inventory costs was primarily due to an 11.9% decrease in the total sales volume from approximately 31.3 million units in the fiscal year ended March 31, 2025 to approximately 27.6 million units in the fiscal year ended March 31, 2026.

Labor costs amounted to $2.8 million for the fiscal year ended March 31, 2026, compared to $3.1 million for the fiscal year ended March 31, 2025. The decrease in labor costs was mainly attributable to lower production volumes driven by decreased sales and the Company’s efforts to reduce labor costs.

Gross Profit and Gross Margin

Gross profit increased by 1.6%, to $5.1 million for the fiscal year ended March 31, 2026, from $5.0 million for the fiscal year ended March 31, 2025.

Gross profit margin increased by 1.0%, to 29.3% for the fiscal year ended March 31, 2026, from 28.3% for the fiscal year ended March 31, 2025, primarily due to a reduction in fixed costs per unit as a result of the Company’s efforts in reducing labor costs.

Operating Expenses

Operating expenses increased by 22.6%, to $8.5 million for the fiscal year ended March 31, 2026, from $7.0 million for the fiscal year ended March 31, 2025. The expense increase was primarily due to the increase in selling expenses of $0.5 million, the increase in general and administrative expenses of $0.01 million, and the increase in research and development expenses of $1.1 million.

Net Loss

Net loss increased by 240.7%, to $4.8 million for the fiscal year ended March 31, 2026, from $1.4 million for the fiscal year ended March 31, 2025.

Basic and Diluted Loss per Share

Basic and diluted loss per share was $1.94 for the fiscal year ended March 31, 2026, compared to $1.22 for the fiscal year ended March 31, 2025.

Financial Condition

As of March 31, 2026, the Company had cash of $4.1 million, compared to $3.7 million as of March 31, 2025.

Net cash used in operating activities in the fiscal year ended March 31, 2026 was $4.5 million, compared to $1.0 million in the fiscal year ended March 31, 2025.

Net cash used in investing activities in the fiscal year ended March 31, 2026 was $1.4 million, compared to $0.9 million in the fiscal year ended March 31, 2025.

Net cash provided by financing activities in the fiscal year ended March 31, 2026 was $6.3 million, compared to net cash used in financing activities of $0.05 million in the fiscal year ended March 31, 2025.

About CCSC Technology International Holdings Limited

CCSC Technology International Holdings Limited is a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products. The Company specializes in customized interconnect products, including connectors, cables and wire harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The Company produces interconnect products under both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) models for manufacturing companies that produce end products, as well as electronic manufacturing services companies that procure and assemble products on behalf of such manufacturing companies. The Company has a diversified global customer base located in more than 25 countries throughout Asia, Europe and the Americas. For more information, please visit the Company’s website: http://ir.ccsc-interconnect.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue,” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Factors that could cause actual results to differ materially include, without limitation, risks and uncertainties described in the Company’s Annual Report on Form 20-F for the fiscal year ended March 31, 2026, filed with the United States Securities and Exchange Commission on July 17, 2026, and in the Company’s other filings with the United States Securities and Exchange Commission. Investors are encouraged to review the Annual Report on Form 20-F in its entirety for a more complete discussion of the risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements.

For more information, please contact:

CCSC Technology International Holdings Limited
Investor Relations Department
Email: ir@ccsc-interconnect.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

SHANGHAI, July 18, 2026 /PRNewswire/ — As Pakistan enters its annual monsoon season, accurate forecasts are crucial to protecting lives and livelihoods. Powered by artificial intelligence, China’s MAZU meteorological system is helping Pakistan detect early warning signs and issue faster alerts for potential extreme weather events.

“Using this platform, we can make more accurate predictions of floods, droughts and other extreme weather events,” said Furrukh Bashir, head of the Research and Development Department at the Pakistan Meteorological Department. “We look forward to seeing more products like this that can benefit people around the world.”

Deployed in multiple countries, the system shows how AI can help address global challenges. Through open-source models, technology cooperation and international initiatives, China is working to make AI more accessible and ensure its benefits reach more people worldwide.

At the opening ceremony of the 2026 World Artificial Intelligence Conference and High-Level Meeting on Global AI Governance in Shanghai on Friday, Chinese President Xi Jinping called on countries to uphold a people-centered approach and work together to build a fair and inclusive global AI governance system.

“China, as a responsible major country, is always committed to providing international public goods relating to AI,” Xi said.

Making AI a shared opportunity through openness

At the conference, Xi announced a series of measures to support global AI development, including helping 30 countries utilize the MAZU meteorological system, providing 5,000 AI training opportunities for developing countries over the next five years, and establishing international AI application cooperation centers with ASEAN, the League of Arab States, the African Union, the Community of Latin American and Caribbean States, the Shanghai Cooperation Organization and BRICS.

China has also embraced open-source development to promote more inclusive global AI growth.

Chinese models such as DeepSeek and Alibaba’s Qwen have gained global attention for their high efficiency, affordability and openness, enabling developers and businesses to adapt AI technologies at lower costs. Official data shows that China’s open-source AI models have recently surpassed 10 billion cumulative downloads worldwide.

In Africa, for example, DeepSeek’s open-source approach allows developers to freely download and fine-tune AI systems, helping strengthen local digital capabilities and foster homegrown innovation across the continent.

The approach has also significantly lowered costs. With pricing of just $0.27 per million input tokens and $1.10 per million output tokens, DeepSeek has reduced the entry barriers by more than 90% compared with some mainstream Western AI models, enabling more African users and businesses to participate in the digital transformation.

“China, as a developing country, understands the aspirations of many Global South countries for economic development and technological progress,” said Zhang Weiwei, deputy director of the Institute for World Peace and Security Studies at the China Institute of International Studies.

Zhang said that China’s open-source AI models enable countries to develop applications faster and at lower costs, allowing more developing nations to benefit from technological advancement.

Promoting global cooperation to bridge the AI divide

With AI technologies’ rapid development, global AI divide is widening. The World Bank’s Digital Progress and Trends Report 2025 highlighted significant gaps between high-income and middle- and low-income countries in AI systems and computing capacity. Meanwhile, global data center resources remain highly concentrated in developed economies, with Africa accounting for less than 1% of global capacity.

To address these widening gaps, Xi called on countries to help developing nations enhance AI capabilities, bridge the digital divide and build a globally accepted governance framework to ensure that emerging technologies benefit humanity as a whole.

China has long advocated for a fair and inclusive global AI governance system. In 2023, it proposed the Global AI Governance Initiative, followed by the AI Capacity-Building Action Plan for Good and for All in 2024 and the AI+ International Cooperation Initiative in 2025. These efforts aim to promote responsible AI development and help bridge the digital divide.

China has also worked to create platforms for international cooperation. It launched the Center for Global AI Innovative Governance (CGAIG) and the Group of Friends for International Cooperation on AI Capacity Building, bringing together countries to strengthen dialogue, share knowledge and enhance capacity building.

The signing of the agreement establishing the World Artificial Intelligence Cooperation Organization in Shanghai on Thursday marked another step toward advancing global AI cooperation and promoting the safe, equitable and beneficial development of artificial intelligence.

From open-source models and AI training programs to global governance initiatives, China is working to make artificial intelligence a shared driver of innovation and development, ensuring that the benefits of this transformative technology, once enjoyed by only a few, reach more countries and communities.

https://news.cgtn.com/news/2026-07-17/China-vows-to-make-AI-a-driver-for-shared-prosperity-amid-AI-gap-1OQR3INoGdy/p.html