ESTUN AUTOMATION(SZ:002747) 智通财经网·2025-06-29 06:01Core Viewpoint - Estun Automation Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with Huatai International as its sole sponsor [1] Company Overview - Estun is a leading enterprise in China's industrial robotics sector, consistently ranking first in domestic shipments of industrial robot solutions for several years [4] - The company achieved a historic milestone in Q1 2025 by surpassing foreign brands in domestic industrial robot shipments, becoming the first domestic company to lead the market [4] - Estun follows an "All Made By Estun" strategy, focusing on the independent R&D and production of core automation components and motion control systems, aiding various industries in their automation and digital transformation [4] Market Strategy - The company aims to transition from a follower to a leader in the global automation market centered around industrial robots, leveraging domestic supply chain advantages and focusing on technological leadership and cost optimization [4] - Estun is accelerating the integration of AI and robotics technology, striving to evolve from a traditional industrial robot leader to a global smart robotics frontrunner [4] Competitive Advantage - Estun has established a differentiated competitive advantage through strategic global acquisitions and in-house developed core technologies, creating a multi-brand matrix and covering various application scenarios [6] - As of June 20, 2025, the company operates 75 service outlets globally and has seven manufacturing bases in key domestic and international markets, ensuring efficient customer response and consistent quality [6] Financial Performance - In the fiscal years 2022, 2023, and 2024, Estun reported revenues of approximately CNY 3.88 billion, CNY 4.65 billion, and CNY 4.00 billion respectively [6][7] - The net profits for the same periods were approximately CNY 184 million, CNY 134 million, and a loss of CNY 818 million, indicating a significant decline in profitability in 2024 [6][7]