EFORT(SH:688165)2024-09-12 07:40Group 1: Company Performance - In the first half of 2024, the company's robot sales volume increased by approximately 29% year-on-year, primarily driven by electronic manufacturing and general industry, while solar and lithium battery sectors saw significant declines [3] - The company's domestic and international revenue accounted for approximately 56% and 44% respectively in the first half of 2024 [3] - The system integration business revenue decreased by 18.84% year-on-year due to the disposal of a subsidiary and proactive risk control measures [4] Group 2: Product and Market Development - The company offers a full range of robots covering payloads from 3kg to 400kg, with over 60 models catering to various industries such as photovoltaic, 3C, new energy, automotive, and food [4] - The company achieved over 100% growth in arc welding applications, with intelligent welding business shipments increasing by nearly 150% [3] - The company's market share in industrial robots reached 5.4% in the first half of 2024, with shipment volume growing by 29%, significantly outpacing the industry average growth rate of 5% [8] Group 3: Future Outlook and Strategy - By 2030, China's industrial robot market is expected to reach 700,000 units, with domestic robots accounting for over 80% of the market share [9] - The company plans to build a super factory to address overcapacity risks and enhance production capabilities, with an expected annual output of 50,000 high-performance industrial robots in the first phase [9] - The company aims to improve gross margins through focused strategies, scale effects, and cost control measures [11] Group 4: Challenges and Competitive Landscape - The industrial robot industry faces intense competition due to a large number of participants and low entry barriers, leading to a need for companies to enhance cost control and optimize supply chains [8] - The company has experienced operational losses in overseas markets, but plans to restructure and improve operational efficiency to enhance the quality of overseas business [7] - The company is actively engaging in joint research on dexterous hands with universities, expecting to launch new multi-degree-of-freedom dexterous hands by the end of 2024 [12]