EFORT(SH:688165)2023-12-12 10:06Group 1: Company Overview - The company is Efort Intelligent Equipment Co., Ltd., with stock code 688165 [1] - The investor relations activity took place on December 8, 2023, in Shanghai [2] Group 2: Industry Competition - The industrial robot industry is facing intense competition, leading manufacturers to enhance cost control and optimize supply chains [3] - The acceptance of domestic robots is increasing among end customers, driven by cost control and safety considerations [3] Group 3: Market Outlook - Investment in the photovoltaic sector is expected to decline, while the 3C electronics industry may see a recovery in Q1 or Q2 of 2024 [4] - The lithium battery sector is in an adjustment phase, presenting a growth opportunity for the company as it has a small market share [4] Group 4: Company Advantages - Efort's robots are widely used in the photovoltaic industry, particularly in battery cell handling, meeting high precision requirements [4] - The company has a strong background in the automotive sector, enhancing its application capabilities in that field [4] Group 5: Profitability Measures - The management team is focused on improving operational performance through strategies such as resource concentration on core capabilities and promoting key robot products [5] - The company aims to increase market share of complete robot products and leverage economies of scale [5] Group 6: Integration Business - As of the first three quarters of 2023, the integration business accounted for approximately 51% of the company's revenue, primarily from the overseas automotive sector [6] - Domestic integration business is being scaled back, retaining only core simulation and design capabilities while transferring some overseas design work to better control costs [6]