ESTUN AUTOMATION(SZ:002747)2025-09-12 14:29Group 1: Company Overview and Strategy - The company is focusing on humanoid robots, achieving breakthroughs in key technologies, and aims to integrate AI with robotics for practical applications [3][4]. - The company has developed a control system architecture for AI applications, enhancing compatibility and scalability for industrial automation [4]. - The company has invested in Nanjing Estun Co., Ltd. and its subsidiary, Coolzhu, to strengthen its humanoid robot capabilities and product offerings [5]. Group 2: Financial Performance - In the first half of 2025, the company achieved a sales revenue of CNY 2.549 billion, a year-on-year increase of 17.50% [8]. - Revenue from industrial robots and intelligent manufacturing systems reached CNY 2.092 billion, up 26.54%, while core automation components revenue declined by 11.50% to CNY 456 million [8]. - Domestic revenue was CNY 1.800 billion, growing by 25.31%, while overseas revenue was CNY 749 million, increasing by 2.18% [8]. Group 3: Market Position and Growth - The company’s industrial robot shipments surpassed foreign brands for the first time, capturing a market share of 10.5% in China [8]. - The industrial automation market is experiencing a recovery, with significant growth in the automotive, electronics, and lithium battery sectors [9]. - The company anticipates continued growth in the industrial robot market due to trends in automation and domestic substitution [9]. Group 4: Research and Development - The company is increasing R&D investment in high-barrier industrial robot applications, focusing on competitive products for emerging industries [10]. - Ongoing development in embodied intelligence technology aims to enhance the integration of AI and robotics, addressing customer needs for usability, performance, and safety [10]. Group 5: Future Plans and Listings - The company submitted an application for H-share listing on the Hong Kong Stock Exchange on June 27, 2025, pending regulatory approvals [6][7]. - The second-generation humanoid robot, Codroid 02, is currently undergoing small-scale verification in industrial settings [12].