Core Viewpoint - Estun has maintained its position as the leading player in China's industrial robot market for two consecutive quarters, achieving a market share of 10.5% by the first half of 2025, which has contributed to an increase in the domestic production rate of industrial robots to 55.3% [1][3]. Group 1: Core Competitiveness Upgrade - The integration of AI and robotics has led to the development of industrial intelligent bodies, enhancing usability and deployment ease through solutions like teach-free welding and visual-guided random grabbing [5]. - Estun's NGC control platform and ERI implementation control platform support high openness for secondary development, facilitating multi-robot collaboration and real-time data processing [5]. - The evolution of intelligent robots is transforming ordinary workers into skilled technicians, particularly in low-density application scenarios, thereby expanding the market size for robots [5]. Group 2: Scene-based Process Integration - The incorporation of AI technology has broadened the application scenarios for robots, while advancements in scene-based software are crucial for deepening these applications [6]. - Estun's certification of its explosion-proof spraying robot in July 2025 demonstrates its capability to cover various processes in metal processing, establishing a strong foundation for entering the automotive sector [6]. - The strategy of combining horizontal processes with vertical industries allows Estun to offer modular solutions tailored to customer needs, marking a significant shift from single machine sales to comprehensive solutions [6]. Group 3: Equal Opportunities for Domestic and Foreign Brands - China's robot industry has emerged as a core player in the global market, enhancing competitiveness and ensuring the safety of the domestic industrial chain [7]. - By the end of 2024, Estun will have established 75 business outlets globally, with the completion of its Poland factory, creating a supply chain structure that includes three overseas and five domestic production bases [7]. - The shift from following to surpassing foreign brands reflects the robust competitiveness of China's robot industry [7]. Group 4: Market Transformation - The transformation in the Chinese robot market is driven by high quality, high-value scenarios, and the integration of intelligent technologies, shifting industrial robots from mere programming devices to self-judging equipment [9]. - This evolution allows for the realization of flexible production advantages in multi-category, small-batch manufacturing, leveraging the universal applicability and low entry barriers of AI technology [9].

在全球制造业智能化转型的浪潮中，中国工业机器人行业正迎来结构性变化。一方面，"智能化升级"与"设 备更新"政策红利持续释放，加速机器人向下沉市场渗透；另一方面，国产机器人技术平台不断升级，向汽 车、医药等高端场景开拓。 01 国产品牌登顶中国机器人市场第一 工业机器人作为推动全球制造业转型的关键驱动力，近年来取得了飞速的发展，中国工业机器人市场销量 从2015年的6.1万台增长至2024年的29.4万台，中国更是连续10多年稳居全球最大机器人市场宝座。随 着智能制造产业的发展，中国机器人市场进入调整期，行业迈入新增长阶段。 2015-2024年中国工业机器人整体市场销售规模推移（台） 数据来源：MIR DATABANK 注：*工业机器人产品包括：≤20kg 6-axis（包括其他垂直多关节）、>20kg 6-axis （包括其他垂直多关节） 、 据MIR DATABANK最新数据统计， 2025年Q1，中国工业机器人整体市场销量同比增长11.6%，国产机 器人渗透率同比提升2个百分点 。 埃斯顿机器人实现近20%的同比增长，占比中国机器人市场份额10.3% （注：含埃斯顿酷卓的市场份额） ， 成为首个登顶中国 ...