SIASUN(SZ:300024)2025-07-19 14:57Summary of Key Points from the Conference Call Industry Overview - The report focuses on the China industrial robot industry and its performance in the Asia Pacific region, highlighting solid growth trends in production and shipments of industrial robots [1][4]. Core Insights - Growth in Shipments: In June, shipments of industrial robots from global players such as ABB, Fanuc, Kuka, and Yamaha in China increased by 19% year-over-year (YoY), compared to a mere 2% increase in the first five months of 2025 [7]. - Production Momentum: China's industrial robot production maintained a strong growth rate of 38% YoY in June, up from 32% YoY in the first five months of 2025. This growth is attributed to sectors such as automotive, 3C (computer, communication, and consumer electronics), and exports [7]. - Demand from 3C Sector: There was an acceleration in shipments to the 3C sector, particularly for clients like BYD Electronics and projects related to Apple in India and Southeast Asia. The demand for industrial robots in this sector was slightly stronger than expected, indicating a positive trend [7]. Additional Important Information - Localization Trend: The report notes that the trend towards localization in the industrial robot market remains strong, which is crucial for future growth and sustainability [7]. - Analyst Ratings: The report includes various companies within the industrial sector, with ratings such as Overweight (O) and Equal-weight (E) assigned to several firms, indicating a generally positive outlook for the industry [55][57]. - Investment Banking Relationships: Morgan Stanley has ongoing investment banking relationships with several companies in the industrial sector, which may influence their research and recommendations [14][15]. This summary encapsulates the key points regarding the performance and outlook of the industrial robot industry in China, highlighting significant growth metrics and trends that could present investment opportunities.