SIASUN(SZ:300024) 3 6 Ke·2025-06-10 01:24Core Insights - The window of opportunity in the robotics industry is rapidly closing, particularly for humanoid robots, as investors have become decisive in their project engagements [1][2] - The growth of humanoid robots is reaching a bottleneck, prompting attention towards the complex supply chain behind them [3][4] - Companies like Zero Difference Cloud Control (零差云控) have emerged as valuable players in the robotics supply chain, focusing on high-precision components such as joints and encoders [4][5] Company Overview - Zero Difference Cloud Control was established in 2016 and specializes in manufacturing high-reliability, high-precision core components for robots, including joints and encoders [4] - The company has achieved a valuation exceeding 1 billion yuan, supported by multiple rounds of financing from notable investors [4] - Its products are utilized across various sectors, including industrial, collaborative, surgical, logistics, and humanoid robots, with over 2,000 clients globally [5] Market Demand and Growth - The revenue composition of Zero Difference Cloud Control shows that nearly 50% comes from industrial, logistics, and medical applications, while humanoid robot sales account for about 15% and are growing rapidly [5] - The demand for robotic joints in China is projected to reach 2.2417 million units in 2024, with expectations to grow to 4.8201 million units by 2030, potentially exceeding a market size of 68.927 billion yuan [5] Product Features and Innovations - Zero Difference Cloud Control's joints are designed to meet the increasing demand for smaller, lighter, and more reliable components in humanoid robots, with a focus on cost reduction for consumer interaction scenarios [5][15] - The company's eRob series joints feature high precision and responsiveness, with absolute positioning accuracy of ±15 arc seconds, making them suitable for applications requiring high precision, such as medical robots [9][14] Competitive Landscape - The market for robotic joints is characterized by the coexistence of harmonic and planetary gear reducers, each with distinct advantages and limitations [6][14] - Harmonic reducers offer high precision and compact design, which aligns well with the requirements of humanoid robots, while planetary reducers are more cost-effective and suitable for heavy-duty applications [13][14] Production and Supply Chain - Zero Difference Cloud Control aims for complete localization of its core components, with most being sourced from domestic suppliers, except for some chips [18] - The company has established multiple production facilities to ensure quality control and precision in its products, conducting thorough testing before market release [18]