ESTUN AUTOMATION(SZ:002747) 机器人大讲堂·2025-09-17 11:13Core Viewpoint - The article highlights the strong growth momentum of Estun in the industrial robot market, driven by the recovery in demand and the acceleration of domestic substitution, as evidenced by its financial performance and market leadership in China [1][3]. Financial Performance - Estun's revenue for the first half of 2025 reached 2.549 billion yuan, representing a year-on-year growth of 17.50% [1]. - The company achieved a market share of 10.5% in the Chinese industrial robot market, surpassing foreign brands for the first time [1]. Market Strategy - Estun employs a "general + segmented" market strategy, focusing on customized development for niche markets and expanding application scenarios in sectors such as new energy, metal processing, automotive, electronics, and welding [1]. - The company is involved in the construction of several "lighthouse factories" in the lithium battery, photovoltaic, coal machinery, and engineering machinery industries [1]. Technological Innovation - Estun has made significant advancements in high-end equipment manufacturing, particularly in automotive manufacturing, rail transit, and aerospace, enhancing its high-end manufacturing capabilities [1][12]. - The company has developed a complete solution for automotive manufacturing, integrating robots with various processes such as stamping, welding, and intelligent handling [1][12]. Product Development - Estun launched a globally leading 700KG industrial robot, which features self-developed dynamic algorithms and lightweight structural design, suitable for heavy-duty applications [3]. - The company is set to introduce a 1200KG six-joint robot, filling a gap in the domestic market for high-load robots [3]. Quality and Certification - Estun's robots have achieved multiple authoritative certifications, including a 120,000-hour MTBF certificate and compliance with international safety standards, ensuring high reliability and stability for automotive applications [4]. Automotive Applications - Estun has made comprehensive breakthroughs in automotive spot welding, developing specialized robots that significantly enhance production efficiency and quality [6][9]. - The company has established solid partnerships with major automotive manufacturers, providing intelligent manufacturing solutions across various production stages [11]. Aerospace and Rail Transit - Estun is expanding into the aerospace and rail transit sectors, contributing to the intelligent production lines for key components and achieving significant technological breakthroughs [12][14]. - The company is involved in the construction of automated production lines for rail transit, enhancing efficiency and meeting modern production demands [12]. Future Outlook - Estun aims to deepen its investment in industrial robot technology and enhance its core competitiveness in high-end manufacturing applications [16]. - The company plans to leverage its domestic supply chain advantages to optimize cost structures and build global service and product delivery capabilities [16].