China Leadshine Technology (SZ:002979)2025-05-09 10:06Group 1: Company Performance - In 2024, the company achieved a revenue of 1.584 billion CNY, a year-on-year increase of 11.93% [4] - The net profit attributable to shareholders was 200.5 million CNY, up 44.67% year-on-year, while the net profit excluding non-recurring items was 196.1 million CNY, an increase of 57.61% [4] - The overall market size of the OEM automation industry exceeds 100 billion CNY, with the overall automation market in China nearing 300 billion CNY in 2024 [6][7] Group 2: Market Challenges and Strategies - The automation industry is facing a 5% year-on-year decline in market size due to insufficient effective demand and significant downturns in the photovoltaic and lithium battery sectors [4] - The company plans to achieve a revenue growth of 20%-30% and a net profit growth of 30%-50% by 2025 [6] - The company is focusing on enhancing its marketing strategy by introducing over 200 new channel partners and establishing more than 30 offices in major cities [4][6] Group 3: Industry Trends and Opportunities - The humanoid robot market is projected to reach approximately 2.76 billion CNY in 2024, growing to 10.471 billion CNY by 2026, and potentially reaching 300 billion CNY by 2035 [6][9] - The global market for dexterous hands in humanoid robots is expected to reach 32.06 billion CNY by 2030, with a compound annual growth rate of 81.2% [9] - The company is leveraging government policies aimed at fostering "new quality productivity" to drive growth in the automation sector [6] Group 4: Product Development and Innovation - The company is focusing on core products such as servo systems, stepper systems, and control technology, providing comprehensive motion control solutions [5] - The establishment of subsidiaries like Shanghai Leisai Robot Technology Co., Ltd. and Shenzhen Agile Drive Control Technology Co., Ltd. aims to enhance product offerings in high-density motors and dexterous hands [7][9] - The company is actively developing a "brain" for robotic motion control systems, with several products already in the R&D phase [8]