Kinco Automation( Shanghai) (SH:688160)2024-03-01 10:36Group 1: Company Performance - The company's revenue in the robotics sector continues to grow steadily, but there has been a decline in sales revenue from the machine IoT and general automation sectors, leading to a slight overall revenue decrease. [5] - The net profit margin decreased by approximately 33% due to increased R&D and sales expenses from expanding teams. [5] Group 2: Market Outlook - The company maintains a cautiously optimistic outlook for 2024, focusing on the development trends in the robotics industry and actively exploring overseas markets for new profit growth points. [5] - The current order demand aligns with the company's expectations, while the recovery of downstream demand in the general automation sector is still under observation. [5] Group 3: International Sales - In the first three quarters of 2023, overseas revenue accounted for about 17%, primarily from European and Asian markets. [5] - The company plans to enhance its overseas market expansion in 2024, particularly targeting Southeast Asia and the Americas, with considerations for establishing overseas offices. [5] Group 4: Product Development - The company's servo wheel product integrates four main components, providing specialized power modules for mobile robots under 600 kg, saving 30% in installation space and 50% in installation time. [5] - The company is developing its own gearbox production capabilities to stabilize the supply chain and improve product compatibility. [5] Group 5: Technology and Innovation - The frameless torque motor is primarily used in collaborative robots, with the company having developed three generations since 2017, gaining market recognition and technical experience. [5] - The frameless torque motor employs a unique encapsulation technology, providing a competitive edge in innovation. [5]