FORTIOR (01304) surged over 9%, and as of press time, the stock rose 8.95% to HK$197.2, with trading volume reaching HK$88.61 million. According to public information, FORTIOR is a chip design company specializing in the design and development of BLDC motor drive control chips. According to Frost & Sullivan data: the Group is China's first chip design manufacturer focusing on BLDC motor drive control chip design; and as of December 31, 2023, the Group held a 4.8% market share (by revenue) in China's BLDC motor main control and drive chip market, ranking sixth, and the Group is the only Chinese enterprise among the top ten companies in this market. Notably, in January this year, the company announced the signing of a "Cooperation Framework Agreement" with Sanhua Holdings to establish a joint venture, in which Sanhua Holdings intends to hold 50% equity in the joint venture, while the company intends to hold 36% equity. This cooperation focuses on cutting-edge technology research in hollow cup motors (slotless permanent magnet AC motors), aiming to break through key technological bottlenecks and deepen industrial applications. Great Wall Securities believes that the company holds a leading position in the BLDC motor drive control chip field, and joined the Guangdong Humanoid Robot Innovation Center in 2024, which is expected to benefit from the growth driven by humanoid robot mass production.