SIASUN(SZ:300024) Xi Niu Cai Jing·2025-05-09 05:32Industry Overview - The introduction of exoskeleton robots in popular tourist attractions during the "May Day" holiday highlights a significant shift of this technology from specialized fields like medical and industrial applications to consumer markets [1] - Exoskeleton robots integrate multiple technologies including artificial intelligence, sensing, ergonomics, power, and electronics, indicating a broad market potential [1] - The continuous advancement in exoskeleton technology is expected to expand its applications in various fields such as medical rehabilitation, military, industrial, and transportation [1][2] Market Dynamics - The demand for rare earth materials is sharply increasing due to the expansion of exoskeleton production capacity, alongside innovations in lightweight materials like aluminum and titanium alloys that accelerate commercialization [1] - The commercial model of exoskeleton robots is characterized by "scene segmentation, technology empowerment, and ecological linkage," with different strategies for medical, industrial, consumer, and military markets [6] Market Forecast - According to Open Source Securities, the global market for exoskeleton robots is projected to reach $14.67 billion by 2030, with a compound annual growth rate (CAGR) of 42.2% [7] - If considering various fields including medical rehabilitation and industrial assistance, the overall market size could exceed 100 billion yuan by 2030, positioning the exoskeleton robot industry as a highly promising sector alongside humanoid robots [7] Company Insights - Several A-share listed companies are involved in the exoskeleton robot sector, benefiting from advancements in AI and industrial control technologies [8] - Meihu Co., Ltd. (603319) reported a revenue of 1.977 billion yuan in 2024, a year-on-year increase of 3.65%, with a net profit of 166 million yuan, down 23.48% [9] - Hongchang Technology (301008) achieved a revenue of 1.027 billion yuan in 2024, up 16.09%, but its net profit decreased by 38.93% [13] - Huayi Technology (688071) generated 423 million yuan in revenue in 2024, a 20.36% increase, but reported a net loss of 46.73 million yuan [17] - Zhenjiang Co., Ltd. (603507) had a revenue of 3.946 billion yuan in 2024, a 2.71% increase, with a net profit of 178 million yuan, down 2.99% [20] - Explorer (300005) launched a lower limb exoskeleton product in 2024, achieving a revenue of 1.592 billion yuan, a 14.44% increase, and a net profit of 107 million yuan, up 48.50% [22]