SIASUN(SZ:300024) Hua Xia Shi Bao·2025-10-17 13:36Core Insights - The company aims to design humanoid robots with a lifecycle of approximately three years, estimating that the cost of deploying a robot to replace two or three shifts of workers could become comparable or even more economical than traditional labor costs [2][7] - The launch of the new generation industrial interactive humanoid robot, ZhiYuan Spirit G2, marks a significant advancement in hardware performance, control precision, and interactive intelligence compared to its predecessor, G1 [3][5] - The company has secured substantial commercial orders, including a multi-billion yuan framework order from Longqi Technology and a significant contract with Junsheng Electronics, indicating a strong momentum in the commercialization of humanoid robots [5][6] Product Development - The ZhiYuan Spirit G2 features enhanced flexibility and efficiency, allowing it to perform tasks that previously required two robots with just one, thanks to its improved design and capabilities [3][4] - The G2 is a wheeled humanoid robot, chosen for its advantages in stable environments, while bipedal robots are reserved for more complex terrains [4][5] - The company has reported a significant increase in delivery volume, achieving thousands of units delivered from January to September this year compared to the previous year [5][6] Market Strategy - The company anticipates that overseas revenue will account for over 30% of total revenue next year, driven by high labor costs and automation demand in developed markets [8] - A global expansion strategy is underway, focusing on building a distribution network and collaborating with local partners for design, production, and sales [8] - The company emphasizes a multi-supplier strategy to ensure supply chain stability and production capacity [6]