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Macquarie: Demand for industrial automation and Siasun Robot&Automation in China is recovering, and domestic substitution is rapidly breaking through.
The trend of intelligent upgrading in China's manufacturing industry is irreversible, and domestic manufacturers are moving from "replacement" to "leading," bringing long-term investment value to the Industry Chain upstream and downstream.
Direct coverage of the Earnings Conference for the Siasun Robot&Automation Industry: The localization rate of the supply chain is accelerating, while the industrial sector still faces fierce competition.
① Many companies participating in the performance briefing stated that currently, the core or most supply chain links have been localized, while a small number of links that require imports are actively planning localization solutions; ② From the perspective of the overall Siasun Robot&Automation Industry, the competition in the industrial robot industry is fierce, and in 2024, a situation of "growth in quantity without growth in revenue, and growth in revenue without growth in profit" may occur.
In the first quarter, Hechuan Technology (688320.SH) reported a net loss of 26.9391 million yuan.
On April 26, Gelonghui reported that Hechuan Technology (688320.SH) released its quarterly report, achieving total operating revenue of 0.23 billion yuan in the first quarter of 2025, a year-on-year increase of 11.77%; Net income attributable to shareholders of the parent company was -26.9391 million yuan, with a loss increase of 11.9299 million yuan compared to the same period last year; EPS was -0.19 yuan.
Zhejiang Hechuan Technology Co., Ltd. 2024 Annual Report
Summary of the 2024 Annual Report of Zhejiang Hechuan Technology Co., Ltd.
Zhejiang Hechuan Technology Co., Ltd. Report for the first quarter of 2025