SIASUN(SZ:300024) Feng Huang Wang·2025-11-12 11:34Core Viewpoint - The collaboration between Giant Legend and Yushu Technology aims to establish a joint venture, Yuxing Entertainment Technology Co., Ltd., focusing on the development of interactive smart robot products for the entertainment industry, integrating IP content with technology [1][2]. Group 1: Joint Venture and Collaboration - Giant Legend's subsidiary, Xingchuangyi (Kunshan) Cultural Entertainment Co., Ltd., and Yushu Technology's subsidiary have signed a joint venture agreement to create Yuxing Entertainment Technology Co., Ltd., with each holding 50% equity [1]. - The joint venture will focus on creating globally influential entertainment interactive smart robots and commercial concert performances [1]. Group 2: Product Development and Market Strategy - Giant Legend will handle IP planning, design, AI interaction, and media promotion, while Yushu Technology will focus on robot design, production, and technical development [1]. - The collaboration aims to strategically enter the smart robot industry, merging IP content with smart hardware to promote a new "IP + Robot + AI" integration model [1]. Group 3: Market Response and Financial Impact - Following the announcement, Giant Legend's stock price surged over 18%, closing at 8.99 HKD per share, with a total market capitalization of approximately 8.1 billion HKD [2]. - The company has secured two orders totaling 120 million RMB for the "Giant Dog" robot, indicating strong market interest and potential revenue generation [4]. Group 4: Consumer Market Potential - The demand for high-end, emotionally engaging robots is increasing, with a focus on transforming robots into entertainment companions [5]. - The "Giant Dog" robot is priced at 20,000 RMB, which may limit its accessibility to average consumers, highlighting a challenge for market penetration [5][6]. Group 5: Industry Trends and Future Directions - The trend is shifting towards consumer-grade robots, with a need for cost reduction and enhanced emotional connectivity to appeal to the end-user market [5][6]. - Companies must focus on building brand standards, ensuring safety and privacy, and innovating technology to create competitive advantages in the evolving robotics landscape [6].