Industry Overview - The rapid development of artificial intelligence and key component technologies is driving significant breakthroughs in robotics research, with applications expanding from manufacturing to service, consumer, and security sectors [1] - The global humanoid robot market is expected to exceed $20 billion by 2030, with a CAGR of 77.83% from 2026 to 2030, while China's humanoid robot market is projected to reach $5 billion by 2030 [1] Company Strategy - Zhongjian Technology has historically focused on garden machinery exports, establishing a robust marketing network and after-sales service system across Europe, America, Australia, and Asia [2] - The company is transitioning from gasoline-powered equipment to intelligent devices, driven by advancements in SLAM, RTK, and lithium battery technologies [3] - Zhongjian Technology has increased its R&D investment in lithium battery garden equipment and established subsidiaries to enter the intelligent robotics sector [3][5] Competitive Advantage - Strong R&D capabilities are considered the core competitive advantage for robotics companies, with a need to extend influence along the supply chain to enhance resource integration and cost control [1][3] - Chinese companies have significant advantages in manufacturing capabilities, engineer availability, and cost, which are crucial for competing in the global market [3] Financial Performance - Zhongjian Technology's R&D expenses reached 72.68 million yuan in 2024, more than doubling year-on-year [5] - The company's overall gross margin has improved from 18% to approximately 30% due to the integration of automation solutions with traditional garden machinery [6] Product Development - The company has developed a product matrix that includes intelligent garden robots, quadrupedal robots, wheeled robots, and bipedal robots, supported by dedicated R&D teams [4][7] - Effective solutions for practical issues, such as autonomous positioning for intelligent lawn mowers, have been achieved through innovative yet cost-effective methods [7] Market Opportunities - Zhongjian Technology is focusing on expanding its product offerings in high-demand areas such as garden robots, waste collection, tennis training, and security inspections, with some products achieving gross margins of 70% or higher [8]