SIASUN(SZ:300024) Qian Zhan Wang·2026-01-09 03:46Core Insights - The robot industry is a key pillar of China's "Manufacturing Power" and "Digital China" strategies, supporting automation upgrades in manufacturing and providing new supplies in sectors like healthcare and elderly care [2][4] - The production of industrial robots in China is projected to grow from 212,000 units in 2020 to 602,700 units by 2025, with a peak growth rate of 71.23% in 2021, followed by a decline of -3.07% in 2023 [2] - Service robots are expected to see production increase from 6.762 million units to 15.57 million units by 2025, with a significant growth rate of 48.02% anticipated in 2025 [2] Industry Overview - The robot industry value chain consists of upstream components (controllers, servo systems, precision reducers), midstream robot production (industrial, service, special robots), and downstream applications in various sectors [4] - The profit margins for core technology sectors like AI and machine vision range from 38% to 70%, while downstream medical services show a wider profit margin variation of 22% to 73% [4] Xiamen's Policy Environment - Xiamen's robot industry is a focal point for advanced manufacturing and intelligent upgrades, supported by multiple policies aimed at fostering growth [8][12] - Key policies include the 2018 directive identifying robots as a priority for development and the 2022 inclusion of the robot industry in advanced manufacturing initiatives [8][12] Industry Growth and Trends - Xiamen's robot industry has seen a rapid increase in registered companies, with 3,022 new firms added in 2025, marking a 2.5-fold increase since 2018 [22] - The service robot production peaked at approximately 238,000 units in 2021 but fell to 57,000 units in 2023, indicating a cyclical growth pattern [20] - The city ranks first in Fujian province for the number of national-level enterprise technology centers, which are crucial for innovation in the robot industry [25] Future Development Plans - Xiamen aims to establish itself as a leading hub for the robot industry, targeting an artificial intelligence industry scale of over 60 billion yuan by 2027 [27][30] - Future plans will focus on key industrial sectors, innovative technology systems, regional collaboration, and supportive policies to enhance the robot industry's growth [30]