Core Viewpoint - Sichuan Tianlian Robot Co., Ltd. (referred to as "Tianlian Robot") has signed a counseling agreement with Huazhang Securities for its initial public offering (IPO) on the Shanghai Stock Exchange's Sci-Tech Innovation Board, marking a significant step towards its market debut [1]. Group 1: Company Overview - Tianlian Robot's core product is the harmonic reducer, and it has developed several humanoid robots, including T1 PRO, T1 Ultra, T1 mini, and C1s [1]. - The company was founded in 2012 and listed on the New Third Board in 2015, currently classified as an innovative tier enterprise [1]. - In 2024, Tianlian Robot achieved revenue of 29.91 million yuan, a year-on-year increase of 39.81%, while its net profit attributable to shareholders was a loss of 14.27 million yuan, a year-on-year reduction in loss of 23.95% [1]. Group 2: Market Position and Products - Tianlian Robot ranks among the top five in the domestic market share for harmonic reducers, and is one of the top three among domestic brands [6]. - The harmonic reducer is a precision reduction device known for its lightweight and high precision, often referred to as the "king of joints," providing stable and powerful output for robot joints [7]. - The company’s harmonic reducer shipment volumes from 2020 to 2024 were 19,962 units, 33,534 units, 40,759 units, 38,758 units, and 55,723 units, with a compound annual growth rate of approximately 29% [7]. Group 3: Strategic Collaborations - Tianlian Robot has established strategic partnerships with several listed companies, including a collaboration with ZTE Corporation to showcase the "Tina" humanoid robot at the World Mobile Communications Conference [11]. - The company signed a strategic cooperation agreement with Lihexing to enhance automation manufacturing and testing in the robotics sector [12]. - Another agreement with Guansheng Co. focuses on developing high-quality, low-cost robotic bearing products, leveraging Tianlian Robot's expertise in nano-wear-resistant technology [12]. Group 4: Industry Context - The humanoid robot sector is experiencing a surge in IPO applications, with at least 13 companies applying for listings on the Hong Kong Stock Exchange this year [1]. - The establishment of the Sci-Tech Innovation Board's growth tier aims to support technology companies that are in the development phase and may not yet be profitable, enhancing market access for such firms [14][15].

Company Overview - Sichuan Tianlian Robot Co., Ltd. (referred to as "Tianlian Robot") signed a counseling agreement with Huazhang Securities for its initial public offering (IPO) on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 25, 2023, with the Sichuan Securities Regulatory Bureau accepting the filing materials on July 30, 2023 [3] - Tianlian Robot's core products include harmonic reducers and several self-developed humanoid robots, such as T1 PRO, T1 Ultra, T1 mini, and C1s [3][4] - The company was established in 2012 and listed on the New Third Board in 2015, currently classified as an innovative tier enterprise on that board [3] Financial Performance - In 2024, Tianlian Robot achieved a revenue of 29.91 million yuan, representing a year-on-year growth of 39.81%, while the net profit attributable to shareholders was a loss of 14.27 million yuan, reducing losses by 23.95% year-on-year [3] Market Position - Tianlian Robot ranks among the top five in the domestic market share for harmonic reducers, and is one of the top three among domestic brands [6] - The company has seen a compound annual growth rate (CAGR) of approximately 29% in harmonic reducer shipments from 2020 to 2024, with shipment volumes of 19,962 units in 2020, 33,534 units in 2021, 40,759 units in 2022, 38,758 units in 2023, and 55,723 units in 2024 [6] Product Development - The T1 PRO humanoid robot features 81 degrees of freedom and is approximately 1.6 meters tall, with all key components, including harmonic reducers and ultra-lightweight integrated joints, developed in-house [8] - Tianlian Robot's humanoid robot was selected as one of the first batch of iconic product chain leaders in Sichuan Province, recognized for its potential as a future product [8] Strategic Partnerships - The company has established strategic cooperation agreements with several listed companies, including a partnership with ZTE Corporation to showcase the "Tina" humanoid robot at the World Mobile Communications Conference [9][10] - Tianlian Robot signed a strategic cooperation agreement with Lihua Xing to enhance automation manufacturing and testing in robotics, aiming to increase market share for both parties [10] Industry Context - The establishment of the Sci-Tech Innovation Board's growth tier is seen as a significant boost for hard-tech companies, allowing those in the technology development phase to access the capital market more easily [11][12] - The new policies aim to support technology companies that are in the pre-profit stage, enhancing market stability and providing a controlled environment for incremental reforms [12]

Group 1 - Sichuan Tianlian Robot Co., Ltd. (referred to as "Tianlian Robot") has signed a counseling agreement with Huazhang Securities for its initial public offering (IPO) on the Sci-Tech Innovation Board [4] - The company specializes in harmonic reducers and has developed several humanoid robots, including T1 PRO, T1 Ultra, T1 mini, and C1s [4][9] - In 2024, Tianlian Robot reported revenue of 29.91 million yuan, a year-on-year increase of 39.81%, while its net profit attributable to shareholders was a loss of 14.27 million yuan, a year-on-year reduction in loss of 23.95% [4] Group 2 - The company ranks among the top five in the domestic market for harmonic reducers, and is one of the top three among domestic brands [9] - The harmonic reducers produced by Tianlian Robot are primarily used in SCARA robots, collaborative robots, service robots, and humanoid robots, with a compound annual growth rate of approximately 29% from 2020 to 2024 [9] - The T1 PRO humanoid robot features 81 degrees of freedom and has achieved full self-research and production of its core components [11] Group 3 - Tianlian Robot has established strategic partnerships with several A-share companies to enhance collaboration in research and production [14] - The company was recognized as one of the first batch of iconic product chain enterprises in Sichuan Province, with its humanoid robot selected as one of the ten future products for development [11] - The establishment of the Sci-Tech Growth Layer aims to support technology companies that are in the pre-profit stage, enhancing their access to capital markets [16]