Ningbo PIA Automation (SH:688306) Xin Lang Cai Jing·2025-08-04 07:57Core Viewpoint - The company, Ningbo Junpu Intelligent Manufacturing Co., Ltd., is actively expanding its operations in the fields of humanoid robots, automotive thermal management, and new industrialization, benefiting from the depreciation of the RMB [2][4]. Group 1: Company Operations - The company has established a joint venture with Zhiyuan Robotics to co-develop, produce, and sell general humanoid robot bodies, while also supplying components to Zhiyuan Robotics [2]. - The company has completed a significant project for Procter & Gamble, marking its largest investment in intelligent manufacturing equipment for electric shavers over the past decade, and is expanding its client base to include major automotive and industrial companies [2][3]. - As of the first half of 2023, the company signed new orders worth 1.109 billion yuan, with a total order backlog of 3.978 billion yuan [3]. Group 2: Financial Performance - The company reported a revenue of 329 million yuan for the first quarter of 2025, a year-on-year decrease of 31.20%, while the net profit attributable to the parent company was -30.165 million yuan, showing a year-on-year increase of 21.19% [9]. - As of the end of March 2025, the company's overseas revenue accounted for 71.98%, benefiting from the depreciation of the RMB [4]. Group 3: Market Position - The company specializes in the research, production, sales, and service of complete assembly and testing intelligent manufacturing equipment, industrial robots, and digital intelligent software, serving well-known manufacturers in various sectors [3][9]. - The company is classified under the mechanical equipment industry, specifically in automation equipment, and is involved in several concept sectors including automotive parts and humanoid robots [9].