EFORT(SH:688165)2024-12-30 07:33Group 1: Company Performance - The company's industrial robot shipment volume increased by 20.13% year-on-year, significantly surpassing the overall market growth rate [2] - The shipment volume growth primarily came from electronic manufacturing (approximately 30%) and general industry (over 40%), while new energy sectors like photovoltaics and lithium batteries saw a significant decline, accounting for about 20% [2] Group 2: Revenue Composition - As of Q3 2024, domestic and international revenues each accounted for approximately 50% of total revenue, with over 90% of domestic revenue coming from complete robot systems [2] - International revenue was primarily from system integration services, mainly serving overseas automotive manufacturers such as Stellantis, Volkswagen, and BMW, with over 90% of this revenue derived from these services [2] Group 3: Strategic Focus and Adjustments - The company is adopting a focused strategy in its domestic operations, allocating more resources to replicable and reusable directions, with a core emphasis on robotics within the entire industry chain [5] - In international operations, the company aims to control the scale of integration business, reduce customer concentration, and strategically adjust loss-making businesses, such as selling 51% control of its Brazilian subsidiary to enhance profitability [5] Group 4: Research and Development Initiatives - The company is actively developing humanoid robots, with prototypes expected to be released in the first half of 2025 [3] - The subsidiary, Qizhi Robotics, is focused on intelligent and open systems for robots, leveraging years of technological accumulation and forming partnerships with institutions like Tsinghua University for research collaboration [3]