SIASUN(SZ:300024) Jin Tou Wang·2025-09-15 09:41Core Insights - The advancement of robotics technology in China is being applied across various industries, with companies seeking new growth opportunities beyond domestic markets [1] - Yarbo, a Shenzhen-based company, has gained significant attention for its hybrid snow-clearing and lawn-mowing robots, which can operate in extreme cold and blizzards [1] - The company has raised $3.45 million on Kickstarter in just two years, setting a record for consumer robotics funding, and has delivered its first batch of 1,000 units [1] - The U.S. accounts for approximately 60% of Yarbo's market share, with minimal direct competition, while the demand for snow-clearing robots is substantial in North America and Europe due to legal requirements [1] Industry Overview - Chinese-developed snow-clearing robots are more intelligent and advanced compared to foreign counterparts, featuring smart navigation in complex environments and advanced battery management for extreme conditions [2] - The global snow removal equipment market was valued at approximately $2.5 billion in 2022, with an expected annual growth rate of 4.5% to 5.5%, projected to reach nearly $4 billion by 2029 [2] - Since early 2025, the Chinese robotics industry has seen 534 investment deals, totaling approximately 74.4 billion RMB (around $10.4 billion) [2] - While gasoline-powered snow removal machines currently dominate the market, battery-powered devices are gaining popularity due to their lightweight and safety features, creating potential opportunities for Chinese companies [2]