TOPSUN(SZ:002779)2024-08-22 07:32Group 1: Company Overview and Strategy - Zhejiang Zhongjian Technology Co., Ltd. has adjusted its development strategy to embrace the artificial intelligence sector, establishing subsidiaries focused on intelligent machinery [2][3] - The global market size for the landscaping machinery industry is estimated to be between $30 billion and $40 billion [3] - In the first half of 2024, the company achieved a revenue of 477 million yuan, representing a year-on-year growth of 35.37%, maintaining an annual growth rate of over 30% for two consecutive years [3] Group 2: Product Development - The company showcased its latest product, an intelligent lawn mowing robot, at the 2024 Beijing World Robot Conference, featuring autonomous mapping, planning, and AI obstacle avoidance capabilities [3][4] - The first quadruped robot, model Lingrui P1, is designed for inspection, reconnaissance, and security applications, equipped with a self-developed large language model [4] Group 3: Strategic Partnerships - In March 2024, the company invested in 1X Holding AS, a well-known humanoid robot technology company, to explore deep strategic cooperation beyond equity investment [4] - The partnership aims to leverage both companies' strengths to enhance the development of humanoid robots and expand market channels [4] Group 4: Market Expansion - The company has established partnerships with major U.S. retailers such as Home Depot and Lowe's, and plans to enhance its online sales through Amazon starting in 2024 [5] - A capital increase of $2 million is planned for its U.S. subsidiary, TOPSUN USA INC., to improve sales channels and after-sales service capabilities in North America [5]