ESTUN AUTOMATION(SZ:002747)2023-11-17 09:31Group 1: R&D Investment - The company maintains R&D investment at approximately 10% of sales revenue for several years [3] - Focus areas include new product development, localization of components, software usability, and high-barrier applications like automotive welding and gluing [3] - The second phase of the robotics smart industrial park includes a reliability testing center to enhance product reliability to international standards [3] Group 2: Solar Industry Outlook - The solar industry experienced rapid growth in the first half of the year, with a slowdown in the second half [4] - The industry is expected to maintain a stable development trend despite potential structural adjustments due to its long supply chain and rapid technological iterations [4] - The company leverages its full industry chain layout and autonomous core technology to support solar enterprises in upgrading and expanding overseas [4] Group 3: Cloos Overseas Orders - Cloos's overseas business is developing well, with sufficient orders on hand and rapid growth in subsidiaries located in China, Turkey, Eastern Europe, and the United States [5] Group 4: Gearbox Supplier Situation - The company selects gearbox types based on product requirements and application scenarios, continuously introducing domestic suppliers [5] - Harmonic gearboxes have achieved basic localization, with increasing collaboration with multiple suppliers [5] - The supply of gearboxes meets production needs while diversifying the supply chain [5] Group 5: Investor Relations - The company adheres to information disclosure regulations, ensuring the accuracy and completeness of disclosed information [6] - Investors participating in the on-site research signed a commitment letter as per the requirements of the Shenzhen Stock Exchange [6]