SIASUN(SZ:300024) Zhi Tong Cai Jing·2026-01-19 04:34Company Overview - Jiu Wu Intelligent Technology Co., Ltd. is a leading company in China's intelligent embodied industrial robotics sector, holding a market share of 5.9% as of 2024 [4] - The company has developed the JOS robotic operating system, one of the first in China to integrate perception, motion control, and planning, enabling robots to adapt to various tasks [4] - Jiu Wu Intelligent is among the few suppliers capable of designing intelligent embodied industrial robots for sectors such as clean energy technology, electronics and semiconductors, and optical modules [4] Technological Capabilities - The company's solutions incorporate advanced AI capabilities for intelligent perception, decision-making, and control in complex industrial environments [5] - Jiu Wu Intelligent has a fully independent stack of robotic technology, covering core software, algorithms, and essential hardware components [5] - As of September 30, 2025, the R&D team consists of 168 professionals, accounting for 40.6% of the total workforce [5] Customer Base - The company has sold over 11,000 intelligent embodied industrial robots to 156 customers across 16 industrial sectors, including 48 listed companies [6] - The customer retention rate during the historical record period was 72.7%, surpassing the industry average for suppliers of intelligent embodied industrial robotics solutions in China [6] Financial Performance - Revenue for the fiscal years 2023 and 2024 is projected to be approximately RMB 207 million and RMB 366 million, respectively [7] - The profit for the fiscal year 2024 is estimated at RMB 9.13 million, with a projected profit of RMB 32.64 million for the following year [7] Industry Overview - The global market for embodied AI robotic solutions is expected to grow from RMB 37.8 billion in 2020 to RMB 82 billion by 2024, with a CAGR of 21.3% [9] - The Chinese market for embodied AI robotic solutions is projected to expand from RMB 12.5 billion in 2020 to RMB 28.7 billion by 2024, with a CAGR of 23.1% [9] - The intelligent embodied industrial robotics solutions market is anticipated to grow significantly, with a global market size expected to reach RMB 1,033 billion by 2029, reflecting a CAGR of 52.8% from 2024 to 2029 [12] Market Dynamics - The demand for intelligent embodied industrial robotics solutions is accelerating due to rapid expansion in lithium battery and photovoltaic manufacturing capacities [18] - The clean energy technology sector is expected to see its market size grow from RMB 400 million in 2020 to RMB 1.9 billion by 2024, with a CAGR of 48.0% [18] - The electronics and semiconductor sector is projected to grow from RMB 200 million in 2020 to RMB 1 billion by 2024, with a CAGR of 44.8% [21]