Industry News | This leading garden machinery company is actively building a robot platform, fully benefiting from the explosion of downstream demand and opening up new growth poles
Zhongjian TechnologyThe company is an excellent enterprise in domestic landscaping machinery, with main products including gasoline and lithium-ion landscaping machinery, used for the repair and maintenance of landscaping.
1、 Leading enterprise in garden machinery, laying out humanoid robots to open up new growth poles
The company relies on its manufacturing experience and channel advantages to accelerate its entry into the field of robotics. In the field of humanoid robots, the company invested in 1XHolding AS in March 2024. Currently, 1X is actively preparing for the release of the new generation bipedal robot NEO and the implementation of a new round of financing plans.
In the field of quadruped robotic dogs, the company established a holding subsidiary, Jiangsu Jianmi Intelligent Robot Co., Ltd., in May 2024 and launched its first quadruped robot brand, Lingrui Model P1. The product has taken shape and will be launched on the market as planned. Humanoid robots are in a 0-1 explosive stage, and the company is expected to fully benefit from the downstream demand explosion and open up new growth poles through the platform of humanoid robots and quadruped robot dogs.
Landscape machinery refers to the mechanical tools and equipment used for landscaping and maintenance, mainly for maintaining lawns, gardens, or courtyards. According to statistics, the global market size of garden machinery was approximately 34.7 billion US dollars in 2021, and is expected to reach 45 billion US dollars by 2025, with a CAGR of 7%. From a market perspective, the United States and Europe have long been at the center of demand and supply in the landscape machinery product market. Intelligent lawn mowing robots have solved the pain points of traditional lawn mowers, enabling automatic obstacle avoidance, solving messy mowing, responding to complex environments, and developing lawn care plans. The market demand is rapidly growing.
The company mainly focuses on overseas markets, with a market share of 89% in 2023. Benefiting from overseas destocking and demand explosion, the revenue growth rate has significantly increased in recent years. In the first three quarters of 2024, the company achieved a revenue of 621 million yuan, a year-on-year increase of 31%. In 2023, the company established Shanghai Zhongzhong Gaoke Robot Co., Ltd. and formed a leading R&D team in the industry, specializing in the research and development of new generation lawn mowing robot products, laying the foundation for the company's transformation towards intelligent manufacturing.
Article source: Reprinted from Securities Times Wealth Information