SIASUN(SZ:300024) 智通财经网·2026-01-04 13:19Company Overview - Stand Robot (Wuxi) Co., Ltd. is a leader in industrial intelligent mobile robot solutions, focusing on empowering smart factories across various industrial scenarios [4] - The company is recognized as a pioneer in providing integrated intelligent robot solutions and has a market share of 3.2% among the top four industrial intelligent mobile robot solution providers in China as of December 31, 2024 [4] - Stand Robot has over 400 global clients, many of whom are leaders in their respective fields, and ranks second in the 3C sector (market share of 2.9%) and automotive sector (market share of 4.7%) [4] Technology and Innovation - The company is one of the few in the industry to achieve full-stack technology development independently and is a pioneer in industrial intelligent robot system engineering and proprietary robot operating systems [5] - Stand Robot has been among the first to release simultaneous localization and mapping (SLAM) technology, leading in positioning, navigation, control, and perception technologies [5] - The robots are equipped with group intelligence capabilities supported by world models and multi-robot collaboration technology, enhancing their efficiency and stability [5] Financial Performance - Stand Robot's revenue for the fiscal years 2022, 2023, and 2024 was approximately 96.3 million, 162.2 million, and 251 million RMB, respectively [6] - The company reported losses of approximately 128 million, 100 million, and 45.5 million RMB for the same fiscal years [7] - For the nine months ending September 30, 2024, the revenue was approximately 157.1 million RMB, with a loss of approximately 56.6 million RMB [6][7] Industry Overview - The global market for industrial intelligent mobile robot solutions is expected to grow from 16,600 units in 2020 to 60,800 units by 2024, with a compound annual growth rate (CAGR) of 38.4% [9] - The market size in terms of revenue is projected to increase from 5.8 billion RMB in 2020 to 15.3 billion RMB in 2024, with a CAGR of 27.2% [9] - In China, the market for industrial intelligent mobile robot solutions is expected to grow from 6,400 units in 2020 to 34,500 units by 2024, with a CAGR of 52.3% [10] Shareholding Structure - The shareholding structure is centered around founder Wang Yongkun, with notable external shareholders including Xiaomi Group and Bohua Capital [14] - Wang Yongkun directly holds 12.8% of the shares and indirectly controls 14.3% through an employee stock ownership platform [14] - Xiaomi Group holds 8.4% through the Beijing Xiaomi Smart Manufacturing Fund, while Bohua Capital's Liangxi Investment holds 14.29% [14]