SIASUN(SZ:300024) 智通财经网·2025-10-29 07:51Core Insights - The Chinese robotics industry is experiencing robust growth driven by recovering domestic and international demand, supportive policies, and continuous product performance improvements, indicating a historical opportunity for development [1] - The report suggests focusing on leading companies in both complete machines and components that have market advantages and strong performance certainty [1] Industrial Robots - In September 2025, China's industrial robot production reached 76,300 units, marking a year-on-year increase of 28.3%; from January to September 2025, production totaled 594,800 units, up 29.8% year-on-year [2] - The rapid growth in industrial robot production significantly outpaces the overall industrial value-added growth, reflecting strong industry demand and sustained growth momentum [2] - The increase in production is attributed to domestic manufacturing enterprises investing more in industrial robots to address rising labor costs and upgrade their industries, alongside strong demand from emerging sectors like new energy vehicles and lithium batteries [2] Service Robots - In September 2025, the production of service robots was 1.7127 million units, with a year-on-year growth of 4.7%; for the first nine months of 2025, production reached 13.501 million units, up 16.3% year-on-year [3] - The cumulative production for the first three quarters maintained a double-digit growth, indicating a solid market demand and deepening application penetration across various industries [3] - The service robot market is expanding, with applications moving from sectors like healthcare and logistics to agriculture and emotional companionship, promoting an ecosystem that integrates hardware, software, and services [3]