ESTUN AUTOMATION(SZ:002747) Zhi Tong Cai Jing·2026-02-24 01:57Core Viewpoint - Nanjing Estun Automation Co., Ltd. (Estun) is set to list on the Hong Kong Stock Exchange, maintaining its position as the leading domestic company in China's industrial robot shipment volume for several consecutive years [1][4]. Company Overview - Estun is a leading enterprise in China's industrial robotics sector, focusing on the research, development, manufacturing, and sales of industrial robots, intelligent manufacturing systems, and automation core components [4][5]. - The company has achieved a historic milestone by surpassing foreign brands in industrial robot shipments in the domestic market by the first half of 2025, becoming the first domestic robot company to top the market [4]. Market Position - According to Frost & Sullivan, Estun ranks sixth among all manufacturers globally and in China by revenue in the industrial robotics sector, with market shares of 1.7% and 2.0% respectively for 2024 [4]. - The company offers a comprehensive range of products, including general-purpose and specialized robots, which can perform high-precision tasks independently [5]. Financial Performance - For the fiscal years ending December 31 and the nine months ending September 30, Estun reported revenues of approximately RMB 3.88 billion, RMB 4.65 billion, RMB 4.01 billion, and RMB 3.80 billion for 2022, 2023, 2024, and 2025 respectively [6][7]. - The company recorded profits of approximately RMB 184 million, RMB 134 million, a loss of RMB 818 million, and a profit of RMB 30 million for the same periods [6][7]. Strategic Advantages - Estun has established a competitive edge through strategic global acquisitions and self-developed core technologies, creating a multi-brand matrix and covering various application scenarios [6]. - As of September 30, 2025, the company operates 75 service outlets globally and seven manufacturing bases, ensuring efficient customer response and consistent quality [6].