EFORT(688165)2024-11-27 07:35Group 1: Company Overview and R&D Progress - The company established Qizhi (Wuhu) Intelligent Robot Co., Ltd. in collaboration with national funds, focusing on intelligent and open robotic systems [2] - The humanoid robot prototype is expected to be released in the first half of 2025, with ongoing development on dexterous hand projects [2] - The company leverages its technological accumulation in robotics and collaborates with Tsinghua University and the University of Science and Technology of China for research [3] Group 2: Market Position and Strategy - The company aims to develop a general intelligent base for robots, with short-term products including industrial and humanoid robots [3] - In Q3 2024, overseas subsidiaries generated over 90% of their revenue from system integration services, primarily for foreign automotive manufacturers [5] - The domestic market share of Chinese industrial robots increased from 31% in 2019 to 45% in 2023, with projections to exceed 50% in the first half of 2024 [6][7] Group 3: Competitive Landscape and Future Outlook - The Chinese industrial robot market is projected to reach 700,000 units, with domestic brands expected to capture over 80% market share by 2030 [7] - The company achieved a market share of 5.4% in the industrial robot sector in the first half of 2024, with a year-on-year shipment growth of 29%, significantly above the industry average of 5% [7] - The industry is experiencing increased competition and consolidation, with leading companies benefiting from product, technology, and service advantages [7]