STEP(SZ:002527)2024-11-24 11:56Group 1: Company Overview and Market Position - Shanghai Xinshi Electric Co., Ltd. is ranked fourth in domestic industrial robot sales and tenth globally in the first half of 2024 [1] - The company’s SCARA robots are ranked second domestically and fourth globally [1] Group 2: Product Development and Market Strategy - The company has expanded its product line to include semiconductor robots, which are now used in the production of wafer fabs for simulation chips, power chips, and sensor chips [1] - In the first half of 2024, the company held a conference themed "Building New Quality Productivity, Hand in Hand to Create a New Journey," inviting over 100 partners to discuss new channel cooperation models [2] Group 3: Component Sourcing and Domestic Market Trends - The core components of the robots include controllers, servo systems, and reducers, with the company self-researching and supplying its controllers and servo drives [2] - In the first three quarters of 2024, the cumulative sales of industrial robots reached approximately 216,000 units, a slight increase of 5% year-on-year, primarily driven by the electronics, home appliances, and metal products industries [2] - Domestic manufacturers' market share increased to 51.6%, with a year-on-year growth rate of 21.1% [2] Group 4: Market Growth and Product Performance - Collaborative robots saw a year-on-year growth of 29.9%, attributed to the flexibility of domestic manufacturers in responding to market demands [2] - The growth rate for six-axis robots under 20kg was only 1.2%, while those over 20kg remained flat, indicating intense market competition [2] - SCARA robots experienced a slight growth of 6.8% due to the cyclical recovery in the downstream electronics industry [2]