SIASUN(SZ:300024) Jin Rong Jie·2025-04-01 04:15Core Viewpoint - The human-shaped robot industry is experiencing heightened attention, but there are mixed opinions on its current direction and viability, particularly regarding the focus on entertainment robots versus practical applications [1][2]. Group 1: Industry Trends - The popularity of humanoid robots surged after a viral performance, but concerns were raised about the sustainability of this trend, with some investors withdrawing from the sector [1]. - Notable figures in the industry, including the CEO of UBTECH, expressed skepticism about the current focus on entertainment robots, suggesting that this is not the true path for humanoid robotics [2]. Group 2: Company Performance - UBTECH reported a revenue of 1.305 billion RMB for 2024, marking a 23.7% increase year-over-year, while reducing losses to 1.16 billion RMB, an 8.3% improvement from the previous year [4][5]. - The company saw significant growth in its consumer robotics and custom industry solutions, with revenues increasing by 88.1% and 126.1%, respectively [4][5]. Group 3: Market Position and Future Outlook - Despite a strong revenue report, UBTECH's stock did not see a significant increase post-earnings release, reflecting market skepticism [4]. - The stock price has fluctuated significantly, reaching a peak of 328 HKD per share before dropping to a historical low of 40.8 HKD [5]. - UBTECH aims to produce approximately 1,000 humanoid robots in 2024, with a long-term goal of scaling production to between 5,000 and 10,000 units by 2025 [8].