SIASUN(SZ:300024) Qian Zhan Wang·2025-09-09 08:54Core Insights - The Chinese government is focusing on high-end, intelligent, green, and integrated development to upgrade traditional industries, resulting in significant advancements in manufacturing and technology [2] - China has become the largest downstream application market for industrial robots globally, accounting for nearly 40% of the market share in 2023 [2][4] - The domestic industrial robot market is witnessing a shift towards local brands, with several Chinese companies entering the top ranks, indicating a deepening phase of domestic substitution [4][6] Group 1: Industrial Development - The Ministry of Industry and Information Technology has supported 46 cities in implementing new technology transformation pilot projects, leading to the establishment of over 230 excellent smart factories and 1,260 5G factories [2] - The comprehensive energy consumption of products like steel and cement has reached advanced global levels, with green electrolytic aluminum production exceeding 10 million tons annually [2] - Traditional manufacturing brands have significantly improved their reputation, with 18 companies entering the global top 500 brands last year [2] Group 2: Market Trends - The domestic industrial robot industry has developed competitive advantages, with companies like Efort, Estun, Huichuan, and Siasun making it into the top 10 sales rankings [4] - The overall market size of the Chinese industrial robot industry is expected to exceed 77 billion yuan by 2030, indicating continued growth potential [6] Group 3: Technological Challenges - Despite advancements, the application of industrial robots is limited to 20%-30% of total industrial demand, highlighting the need for further integration of AI in decision-making and control layers [9] - Current industrial robots primarily rely on traditional programming methods, lacking autonomy and versatility in non-predefined scenarios [9] - Achieving natural language-driven robot control remains a key goal, necessitating breakthroughs in critical technologies such as large language models [9]