SIASUN(SZ:300024) Chan Ye Xin Xi Wang·2025-10-31 01:13Core Insights - The article discusses the emergence and growth of smart cooking machines in China's restaurant industry, driven by the need for automation and efficiency in cooking processes [1][5][12] Industry Overview - Smart cooking machines utilize artificial intelligence to automate cooking processes, offering functions such as frying, boiling, and steaming [2][4] - The Chinese restaurant market is substantial, with revenues reaching 27,480 billion yuan in the first half of 2025, reflecting a 4.3% year-on-year growth [1][5] Market Dynamics - The smart cooking machine market in China is projected to exceed 30 billion yuan by 2024 and is expected to surpass 110 billion yuan by 2030 [1][6] - The industry is currently characterized by a focus on B-end (business) applications, with commercial use leading the way while home use is still in exploratory stages [1][8] Challenges and Opportunities - The restaurant industry faces rising labor costs and a shortage of skilled chefs, with labor costs accounting for 22.2% of total expenses [6] - Smart cooking machines present solutions to enhance cooking efficiency, reduce labor costs, and ensure consistent food quality [1][6] Investment Trends - There has been a surge in investment in smart cooking machine companies, with significant funding rounds reported in 2025, including a multi-million dollar investment in companies like 不停科技 and 橡鹿科技 [11][12] Future Development Trends - Future growth in the smart cooking machine sector is expected to focus on three key areas: collaboration between software and hardware, cost reduction through mass production, and the development of tailored solutions for specific cooking scenarios [12]