Kinco Automation( Shanghai) (SH:688160)2024-01-12 10:31Group 1: R&D Investment - The company's R&D expenditure has increased in the first three quarters, primarily due to the expansion of the R&D team and the increase in the number of projects [2][3] - The company has optimized its Integrated Product Development (IPD) model, enhancing product quality across various product lines [3] - New products launched include DToolsPro software, the FUTURE series, and the GREEN series human-machine interfaces, along with increased investment in servo systems and PLCs [3][4] Group 2: Market Expansion - In 2023, the company has intensified its overseas market expansion, with overseas revenue accounting for approximately 17%, mainly from Europe and Asia [3] - Future focus will be on Southeast Asian markets such as Vietnam, Indonesia, and Japan, as well as increased efforts in the Americas [3][4] Group 3: Robotics Sector - The company sees significant potential in the robotics industry, particularly in industrial mobile robots (AGV/AMR), where it holds a competitive advantage [4] - Other promising areas include medical robots, agricultural robots, and bionic robots, with ongoing collaboration with clients for co-development [4] - The company maintains confidence in the market potential for frequency converters and PLCs, having launched a series of new products in these categories [4]