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越疆(02432.HK):协作机器人+具身智能 双轮驱动!
Ge Long Hui·2025-07-10 18:18

Group 1 - The core viewpoint of the articles highlights the successful listing of Shenzhen Youjiang Technology Co., Ltd. on the Hong Kong Stock Exchange, marking it as the first domestic collaborative robot stock, with a focus on the development and commercialization of collaborative robots since its establishment in 2015 [1] - The company has established a comprehensive product matrix, integrating education, industrial growth, and consumer strategies, which has led to a stable revenue growth in the education sector, the highest revenue share from industrial applications, and the fastest growth in the consumer sector [1][2] - Youjiang has developed three competitive advantages: full-stack self-research capabilities, a safety technology revolution with its proprietary SafeSkin technology, and a service ecosystem that transforms traditional after-sales service into long-term partnerships for productivity upgrades [2] Group 2 - The company has launched the DobotAtom humanoid robot, priced from 199,000 yuan, featuring dexterous operation and bipedal walking capabilities, which enhances commercial efficiency by leveraging existing collaborative robot technology [2] - Revenue projections for the company are estimated at 506 million yuan, 674 million yuan, and 869 million yuan for the years 2025 to 2027, with net profits expected to turn positive by 2027 [3] - The company's current market valuation reflects lower price-to-sales ratios compared to comparable companies, indicating potential for growth as it benefits from the collaborative and humanoid robot industry trends [3]