FORE(SZ:301368)2023-09-18 08:17Group 1: Company Performance - The company's revenue decreased by 17.28% year-on-year in the first half of the year, primarily due to a decline in the first quarter, while the second quarter showed a 39.28% increase compared to the first quarter [2] - The company has sufficient orders on hand and full capacity utilization [1] Group 2: Market Outlook - The global robotics market is expected to exceed $65 billion by 2024, with humanoid robots gaining popularity [2] - The cost distribution of key components in robotics includes 15% for controllers, 20% for servo motors, and 35% for precision reducers [2] - Domestic harmonic reducer industry is expected to grow rapidly due to government policy support and market demand [2] Group 3: Future Revenue Growth - Future revenue growth is anticipated to come from five key areas: smart home drives, new energy transmission gears, cockpit intelligence drives, precision reducers (harmonic), and lightweight pneumatic tools [3] - The company plans to focus on precision reducers (harmonic), new energy transmission gears, and cockpit intelligence drives for future revenue increments [3] Group 4: Research and Development - As of June 30, 2023, the company holds 50 patents, including 11 invention patents, and has 15 invention patents pending [3] - The R&D investment as a percentage of revenue slightly increased by 0.51% compared to the previous year, with an upward trend expected as product development continues [3]