Kinco Automation( Shanghai) (SH:688160)2024-04-03 10:24Group 1: Company Overview and Market Position - Shanghai Buke Automation Co., Ltd. has established a strong presence in the robotics industry, focusing on mobile robots and providing tailored solutions based on customer needs [3]. - The company has seen continuous growth in its mobile robotics sector, with applications in AGV/AMR, collaborative robots, construction robots, medical robots, and agricultural robots [3]. - The market share for the company's products has been steadily increasing, driven by trends such as population aging and the growing adoption of robots [3]. Group 2: Product Development and Innovation - The company has developed its third-generation frameless torque motor, achieving a 20% increase in torque and a 30% reduction in weight compared to the second generation, with competitive pricing and technology advantages [4]. - Sales of the frameless torque motor have nearly doubled in 2023, making it one of the fastest-growing products in the company's portfolio [4]. - The company is exploring applications for the frameless torque motor beyond robotics, including in medical devices, semiconductor equipment, and renewable energy sectors [4]. Group 3: Financial and Operational Strategy - For 2024, the company plans to increase R&D investment while maintaining a reasonable expense ratio [4]. - The "Intelligent Manufacturing Production Base Construction Project" is underway, with the first factory expected to be completed in 2024, leading to increased capital expenditure and gradual capacity expansion [4]. - The company aims to enhance product competitiveness and build a high-performance team to support its strategic goals [4]. Group 4: Industry Engagement and Customer Relationships - The company has established deep connections with clients in the medical imaging sector, providing specialized servo drives, motors, and touch screens [4]. - By collaborating with leading companies in the medical imaging industry, the company has been able to innovate and improve product offerings, thus expanding its market share [5]. - The high certification costs in the medical imaging industry result in long product lifecycles, providing stability for the company's strategic focus [4].