SIASUN(SZ:300024) Ge Long Hui·2025-10-16 00:59Core Insights - The article highlights the challenges faced by China's agriculture sector due to urbanization and an aging rural population, leading to a significant decline in rural workforce and an increase in the aging rate [1] - The global trend of labor shortage in agriculture is driving the adoption of agricultural robotics, presenting new growth opportunities for agri-tech companies [1] - The company XAG Technology is positioned as a leader in the agricultural robotics market, particularly in the post-planting management segment, which has low mechanization rates [1][3] Industry Overview - China's rural population is projected to decrease from 510 million in 2020 to 460 million by 2024, with an aging rate rising from 17.7% to 18.7% during the same period [1] - The mechanization rates for tillage, sowing, and harvesting in China are expected to reach 87%, 65%, and 70% respectively by 2024, while the post-planting management mechanization is only at 12% [1] - The OECD forecasts a 2.0% annual decline in agricultural workforce among its member countries from 2020 to 2030, indicating a global trend towards automation in agriculture [1] Company Positioning - XAG Technology has achieved a revenue growth of 73.40% year-on-year, reaching 1.066 billion yuan in 2024, and holds a market share of 10.7% globally and 18.0% in China [3] - The company has developed a comprehensive smart agricultural ecosystem, integrating aerial and ground robotics, IoT systems, and mobile applications for remote management [3][4] - XAG's innovation is supported by a robust supply chain and a strong technical foundation, with over 420 R&D personnel and more than 2,600 patents [4] Market Strategy - XAG has established a "knowledge-intensive network" to penetrate the fragmented farmer market, utilizing a dealer system for sales, training, and maintenance [6] - The company has built a dealer network covering over 900 counties in China, enhancing market reach and service capabilities [6][7] - XAG's international expansion is supported by partnerships with major organizations, allowing for a broad market presence across nearly 60 countries [7] Future Outlook - The upcoming IPO in Hong Kong is expected to provide XAG with new capital and industry momentum, positioning the company for a new growth phase as demand for agricultural automation continues to rise [8]