Transferred from: Prospective Industry Research Institute

Major listed companies in the industry: Eston (002747.SZ), Robotics (300024.SZ), Topstar (300607.SZ), EFORT (688165.SH), Inovance Technology (300124.SZ), Ecovacs (603486.SH), Roborock (688169.SH), Nine Company (689009.SH), TINAVI (688277.SH), etc

The core data of this paper: the industrial chain of the robot industry; Heat map of the distribution of enterprises in the robot industry; investment trends of enterprises in the robot industry, etc

Panoramic combing of the industrial chain of the robot industry: coordinated development of upstream, midstream and downstream

The

robot industry chain mainly develops core components and software systems, including servo systems, reducers, controllers, AI chips, sensors, etc., and software systems include artificial intelligence, SLAM, operating systems, etc.; The midstream is the manufacture of complete robots, including industrial robots and service robots; The downstream of the industrial chain is mainly oriented to end users and market applications, among which, the downstream of industrial robots is based on the specific needs of the terminal industry, which is mainly used to realize the processes or functions of welding, assembly, testing, handling, spraying, etc.; The industry applications are mainly the application of industrial robots in terminal industries with high demand for automation and intelligence, such as automobiles and electronics; The downstream of service robots are users and individual consumers in application scenarios such as education, entertainment, medical care, cleaning, security, catering, and fire protection.

At present, the core components of the upstream of the robot industry are basically monopolized by the giants of international robot manufacturers, such as green harmonics, double-ring transmission, Ziguang Guowei, etc., and representative software system enterprises such as iFLYTEK, TZTEK Technology, Yuncong Technology, etc.; The representative enterprises of industrial robots in the middle of the industrial chain include Estun, SIASUN Robotics, Topstar, etc., and the representative enterprises of service robots include Ecovacs, TINAVI, Roborock, etc.; Representative enterprises of downstream industrial robot system integration include Ruisong Technology, Jiangsu Beiren, etc., with rich application scenarios and a wide range of application fields and a large number of enterprises.

Regional heat map of the industrial chain of the robot industry: Guangdong has the strongest competitiveness

From the perspective of the regional distribution of enterprises related to China's robot industry chain, Guangdong Province, Jiangsu Province, Zhejiang Province, Shanghai, Sichuan Province and other places have gathered more supporting enterprises, and the industrial agglomeration effect is good. The representative robot enterprises in Guangdong include Inovance Technology, Topstar, etc., and the corresponding upstream enterprises include Jingchuang Technology, Shenzhen SEG, Inovance Technology, Guangzhou CNC Equipment Co., Ltd., etc.; Jiangsu, Zhejiang, and Shanghai in the Yangtze River Delta region are also rich in related enterprises, bringing together representative enterprises such as Eston, Kaierda, Green Harmonic, and Chengtian Technology.

Comparison of the performance of representative enterprises in the robot industry

From the perspective of robot business revenue, Estun business revenue in the field of industrial robots is leading, and Ecovacs is leading in revenue in the field of service robots; In terms of gross profit margin, TINAVI Medical Robot has strong profitability, with a gross profit margin of 96.78% in the first half of 2024, followed by Nine Company, Topstar and Ecovacs; From the perspective of R&D investment, Huazhong CNC, CITIC Heavy Industries and other companies have invested a lot, while TINAVI's R&D investment accounts for the highest proportion, reaching 76.70%; From the perspective of production and sales, Roborock, Ecovacs and other companies in the field of service robots have high production and sales, and Estun is leading in the field of industrial robots.

The latest investment trends of representative companies in the robotics industry

From the perspective of foreign investment of enterprises, enterprises mainly enhance their technological research and development strength, expand their regional layout, expand their business scale, and improve their market competitiveness through investment methods such as capital increase of subsidiaries, investment in the construction of subsidiaries, and mergers and acquisitions. From 2023 to 2024, the foreign investment of major listed companies in China's robot industry is summarized as follows:

For more research and analysis of this industry, please refer to the "China Robot Industry Market Prospect and Investment Strategic Planning Analysis Report" of the Prospective Industry Research Institute

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