又一家机器人公司 冲刺A股IPO

Company Overview - Sichuan Tianlian Robot Co., Ltd. (referred to as "Tianlian Robot") signed a counseling agreement with Huazhang Securities for its initial public offering (IPO) on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 25, 2023, with the Sichuan Securities Regulatory Bureau accepting the filing materials on July 30, 2023 [3] - Tianlian Robot's core products include harmonic reducers and several self-developed humanoid robots, such as T1 PRO, T1 Ultra, T1 mini, and C1s [3][4] - The company was established in 2012 and listed on the New Third Board in 2015, currently classified as an innovative tier enterprise on that board [3] Financial Performance - In 2024, Tianlian Robot achieved a revenue of 29.91 million yuan, representing a year-on-year growth of 39.81%, while the net profit attributable to shareholders was a loss of 14.27 million yuan, reducing losses by 23.95% year-on-year [3] Market Position - Tianlian Robot ranks among the top five in the domestic market share for harmonic reducers, and is one of the top three among domestic brands [6] - The company has seen a compound annual growth rate (CAGR) of approximately 29% in harmonic reducer shipments from 2020 to 2024, with shipment volumes of 19,962 units in 2020, 33,534 units in 2021, 40,759 units in 2022, 38,758 units in 2023, and 55,723 units in 2024 [6] Product Development - The T1 PRO humanoid robot features 81 degrees of freedom and is approximately 1.6 meters tall, with all key components, including harmonic reducers and ultra-lightweight integrated joints, developed in-house [8] - Tianlian Robot's humanoid robot was selected as one of the first batch of iconic product chain leaders in Sichuan Province, recognized for its potential as a future product [8] Strategic Partnerships - The company has established strategic cooperation agreements with several listed companies, including a partnership with ZTE Corporation to showcase the "Tina" humanoid robot at the World Mobile Communications Conference [9][10] - Tianlian Robot signed a strategic cooperation agreement with Lihua Xing to enhance automation manufacturing and testing in robotics, aiming to increase market share for both parties [10] Industry Context - The establishment of the Sci-Tech Innovation Board's growth tier is seen as a significant boost for hard-tech companies, allowing those in the technology development phase to access the capital market more easily [11][12] - The new policies aim to support technology companies that are in the pre-profit stage, enhancing market stability and providing a controlled environment for incremental reforms [12]