Core Viewpoint - The article highlights the upcoming IPO of Jeka Robotics, which is set to become the first A-share listed company focused on collaborative robots in China, reflecting the success of the "1+6" policy in the Sci-Tech Innovation Board [1] Industry Overview - The collaborative robot market is emerging as a key driver in the intelligent manufacturing sector, addressing the challenges faced by traditional industrial robots in adapting to the needs of small and medium-sized enterprises [2] - The market for collaborative robots is projected to grow rapidly, with estimates suggesting a global market size of $6.8 billion by 2029, equivalent to nearly 500 billion RMB [4] Company Positioning - Jeka Robotics has quickly risen to a leading position in the global collaborative robot market, currently ranking second in global sales and first in China, with a market share of 8.2% in 2023 [5][8] - The company has established a comprehensive technical system covering core components, machine design, and application scenarios, creating significant competitive barriers [7] Product Development and Performance - Jeka Robotics has developed a diverse product matrix, including the Zu series, Pro series, C series, Mini series, and K series, catering to various market needs and application scenarios [9][12] - The company achieved a sales volume of 4,681 units in 2023, with projections to increase to 7,462 units in 2024, indicating strong market demand [8] Financial Performance - Jeka Robotics has shown significant revenue growth, with projected revenues of 281 million RMB, 350 million RMB, and 400 million RMB from 2022 to 2024, reflecting a compound annual growth rate of 19.42% [12] - The company has also increased its R&D investment, with R&D expenses rising to 21.53% of revenue by 2024, significantly above the industry average [13] Market Trends and Future Outlook - The collaborative robot market is expected to expand beyond industrial applications into sectors such as healthcare, logistics, and education, driven by the need for flexible manufacturing solutions [17][18] - Jeka Robotics plans to raise 676 million RMB through its IPO to expand production capacity, aiming to reach an annual output of 40,000 units by 2030 [19]

苦等两年，节卡股份终于要上会了。 2025年1-6月，节卡股份经审阅的收入为17,393.15万元，归属于母公司股东的净利润为-1,996.56万元，同比下滑513.55%。 8月1日，上交所官网显示，节卡股份科创板IPO将于8月8日接受上交所上市委审核。 自2023年5月9日正式向上交所递交科创板招股书，节卡股份IPO审核已历经多次中止。时至今日，公司仍处于"烧钱"阶段，"造血"之路道阻且长。 持续盈利遥遥无期 机器人产品可根据应用领域分为工业机器人和服务机器人。其中，协作机器人（Collaborative robot）是一种能够与人类在同一空间内协同工作或互动的机器 人，属于广义上的工业机器人在具体细分应用场景下的分支。 节卡股份成立于2014年，公司主要从事协作机器人整机产品的研发、生产、销售，并从事包括集成设备及自动化产线在内的机器人系统集成业务。 根据招股书，2022年至2024年，节卡股份实现营业收入分别为28,077.75万元、34,955.62万元和40,043.16万元，营收增速逐年放缓，由2022年时的59.68%经 由2023年的24.50%，进一步放缓至2024年的14.55%。 此外 ...