LEAD INTELLIGENT(SZ:300450) 智通财经网·2026-01-25 12:46Core Viewpoint - XianDao Intelligent is a leading smart equipment company providing solutions across various emerging industries, including lithium batteries, photovoltaic cells, and smart logistics, aiming to facilitate the transition to highly automated factories and enhance production efficiency [4][5]. Company Overview - XianDao Intelligent delivers manufacturing equipment and solutions across diverse applications such as lithium batteries, photovoltaic cells, 3C manufacturing, smart logistics, hydrogen production, fuel cell production, automotive manufacturing, and laser precision processing [4]. - The company has established strong partnerships with leading clients in the industry and holds a solid market position in the new energy sector [5]. Market Position - According to Frost & Sullivan, the global new energy smart equipment market is projected to account for approximately 15% of the global smart equipment market by 2024, with XianDao Intelligent being the second-largest supplier in this segment, holding a market share of 2.9% [5]. - XianDao Intelligent is the largest supplier of lithium battery smart equipment globally, with a market share of 15.5%, and also the largest in China with a market share of 19.0% [5]. Product Offerings - In the lithium battery sector, XianDao Intelligent's products cover various applications, including electric vehicles, energy storage, and consumer electronics, addressing different battery technologies and forms [7]. - The company provides comprehensive solutions for photovoltaic manufacturing, including equipment for module and cell production, and has successfully delivered GW-level solutions in advanced photovoltaic technologies [8]. Competitive Landscape - The global lithium battery smart equipment market is expected to grow from RMB 49.8 billion in 2024 to RMB 137.2 billion by 2029, with a compound annual growth rate (CAGR) of 22.5% [9]. - Conversely, the global photovoltaic smart equipment market is projected to decline from RMB 176.9 billion in 2024 to RMB 131.3 billion by 2029, with a CAGR of -5.8% [9]. - The global smart logistics equipment market is anticipated to grow from RMB 133.9 billion in 2024 to RMB 338.1 billion by 2029, with a CAGR of 20.3% [9]. Financial Performance - XianDao Intelligent's revenue for the fiscal years 2022, 2023, and the first nine months of 2024 and 2025 were approximately RMB 13.84 billion, RMB 16.48 billion, RMB 11.71 billion, and RMB 10.39 billion, respectively [9][10]. - The net profit for the same periods was approximately RMB 2.32 billion, RMB 1.77 billion, RMB 0.27 billion, and RMB 1.16 billion, respectively [9][10].