EFORT(SH:688165)2024-11-21 10:16Group 1: Company Overview and R&D Progress - The company established a joint venture, Qizhi (Wuhu) Intelligent Robot Co., with national and local funds to focus on intelligent and open robotic systems, aiming for disruptive technological innovation [1][2] - The humanoid robot prototype is under development, with a planned release in the first half of 2025 [2] - The company collaborates with Tsinghua University and other institutions to enhance its R&D capabilities in intelligent perception chips and humanoid motion learning algorithms [2][3] Group 2: Acquisition and Market Strategy - The successful acquisition of CMA, EVOLUT, and WFC enhances the company's technical capabilities and expands its service offerings in spray painting and polishing solutions [3] - The company employs strategies like "European subsidiary promotion" and "following customers abroad" to penetrate international markets, leveraging historical customer resources [3] Group 3: Financial Performance and Market Challenges - In the first three quarters of 2024, the company's revenue decreased due to intensified market competition and delays in overseas projects, but the industrial robot shipment volume increased by 20.13% compared to the previous year [4] - The company has improved its gross margin through a focused strategy and cost control measures, with R&D investment rising by 2.75 percentage points year-on-year [4][5] Group 4: Future Plans and Production Capacity - By 2030, the Chinese industrial robot market is expected to reach 700,000 units, with domestic robots accounting for over 80% of the market share [5] - The company plans to build a super factory with an initial capacity of 50,000 high-performance industrial robots per year, scaling up to 100,000 units upon full completion [5]