SIASUN(300024)2025-03-04 15:19Summary of Conference Call on Northeast Electric New and Yush Robot Cooperation Company and Industry Involved - Company: Northeast Electric New (梅安森) - Industry: Mining Robotics and Automation Key Points and Arguments 1. Cooperation with Yush Robot - Northeast Electric New is collaborating with Yush Robot, a leading high-tech company, focusing on B-end industrial quadruped robots with a weight of approximately 60 kg and a load capacity of 40 kg. The robots can operate for 4 hours on a single battery charge and have a running speed of 6.5 m/s, with walking speeds between 1.5 to 2 m/s, making them suitable for mining inspections [1][8]. 2. Expansion of Mining Scenarios - The national policy for mining scenario expansion has not yet been released. Currently, five categories with 38 types have been published, and the expansion will increase to 111 types. This expansion will focus on mobile work positions such as mechanical maintenance, safety inspections, and monitoring roles, which will be enhanced through the integration of robots and smart mining management platforms [2][10]. 3. Mining Robot Application Progress - In non-coal mining applications, Yush Robot meets general mining requirements without significant modifications. Northeast Electric New plans to expedite applications in non-coal mines, targeting inspection management needs in areas like belt transport tunnels and long-distance channels [3][9]. - For coal mines, there is a strong demand for robots, but modifications are necessary to meet explosion-proof standards. The company plans to first promote applications in non-coal mines before adapting the robots for coal mining [3][4]. 4. Industry Competitive Advantages and Barriers - The mining robot market has significant potential, with over 60% of frontline jobs in coal mining being suitable for automation. Northeast Electric New has over 20 years of industry experience, accumulating extensive data and knowledge about operational requirements and standards, which provides a solid foundation for product application [6][12]. 5. Product Development and Technology - The company has invested in intelligent mining construction since 2014 and has developed a safety model in collaboration with Shanghai Artificial Intelligence Institute. This includes over 50 small programs that can be integrated into robots for various tasks [13][14]. - The pricing for Yush industrial robots is currently around 400,000 to 500,000 yuan, but costs are expected to decrease significantly as development progresses, potentially dropping to around 200,000 yuan [17]. 6. Safety and Industry Trends - The coal mining industry experienced a rebound in the death rate per million tons in 2023 due to various factors, including the rapid advancement of automation and the challenges in adapting safety measures. However, with increased regulatory oversight, the death rate is expected to decline in 2024, creating a favorable environment for the adoption of mining robots [15][16]. 7. Market Size and Demand - The non-coal mining sector is large, with over 17,000 operational mines in China. Each mine may require 20 to 50 robots, indicating substantial market potential for automation solutions [18]. 8. Collaboration and Development Process - The collaboration with Yush Robot involves joint development projects with non-coal mining groups, focusing on integrating monitoring, communication, and navigation technologies into a B-end platform tailored for specific mining scenarios [9][19]. Other Important but Overlooked Content - The need for explosion-proof modifications for coal mining robots is emphasized, with the company possessing the necessary expertise to implement these changes, although collaboration with Yush Robot is essential for successful adaptation [14][19].