Multiple A-share listed companies enter the robotics track

Since November, several A-share listed companies such as Jiangsu Yunyi Electric Co., Ltd. (hereinafter referred to as “Yunyi Electric”), Guangdong ReDe Intelligent Technology Co., Ltd. (hereinafter referred to as “ReDe Intelligent”), and Zhejiang Yonggui Electric Co., Ltd. (hereinafter referred to as “Yonggui Electric”) have entered the robotics sector through establishing subsidiaries, capital increases, signing cooperation agreements, and other methods. These efforts involve core component research and development, application in specific scenarios, and ecological collaboration across multiple directions.

Yu Fenghui, senior researcher at Pangu Think Tank (Beijing) Information Consulting Co., Ltd., told Securities Daily: “This trend is driven by the deep alignment of industry maturity and market demand, marking the transition of China’s robotics industry from technological validation to large-scale development. Substantial progress has been made in domestic core component localization, with key technology costs effectively reduced. Coupled with targeted policies supporting high-end manufacturing, this creates an excellent window for listed companies to enter. The capital advantages and industrialization capabilities of these companies are becoming the core drivers of further industry growth.”

Diversified Development Paths

Specifically, on November 18, Yunyi Electric announced that it plans to invest 100 million yuan of its own funds to establish a wholly owned subsidiary, Nanjing Yunyi Robotics Co., Ltd. (tentative name), holding 100% equity. The core logic of this investment is to leverage the technological similarities between automotive and robotics design and manufacturing processes, utilizing the company’s control technology advantages to expand product applications into the robotics field.

On November 14, ReDe Intelligent announced that it plans to invest 10 million yuan to increase its stake in Shenzhen Yutuo Intelligent Co., Ltd., which will result in holding 2.3% of its shares. Shenzhen Yutuo Intelligent is a leader in the power plant robot niche, with core products including track-based inspection robots, already covering five major power generation groups. This investment will help ReDe Intelligent quickly accumulate robotics technology, expand related business, and further strengthen its overall competitiveness centered on intelligent control, establishing long-term development advantages.

Win-win cooperation has become a mainstream industry trend. On November 12, Yonggui Electric announced that it signed a framework cooperation agreement with Zhiyuan Innovation (Shanghai) Technology Co., Ltd. The two parties will leverage their respective core advantages through resource sharing, complementarity, and strong alliances to achieve mutual benefits. They will jointly explore applications of connectors and wiring harnesses in humanoid robots, as well as innovative applications of humanoid robots in connector manufacturing and upstream/downstream industries.

Additionally, several other listed companies such as Jiangsu NuTaige Technology Group Co., Ltd. and Dongmu New Materials Group Co., Ltd. are accelerating their布局 in the robotics sector.

Lin Xianping, executive deputy secretary-general of the China Urban Expert Think Tank Committee, told Securities Daily: “From the strategic paths of related listed companies, the market has moved beyond short-term speculative thinking and is now focusing on deep cultivation of niche industries. Traditional manufacturing companies are leveraging technological similarities to extend into new fields, while tech firms are focusing on breakthroughs in specific scenarios. This differentiated approach reduces trial-and-error costs, accelerates industry chain collaboration, enhances resilience, and creates a dual-driven pattern of core component breakthroughs and scenario application implementation.”

Continuous Improvement of Industry Ecosystem

Behind the intensive布局 of listed companies in robotics is a coordinated support system involving policies, markets, and technology, laying a solid foundation for industry development.

Policy-wise, a “national guidance + local support” linkage system has been established. The national industrial and information technology authorities have held forums emphasizing greater efforts to promote technological and industrial innovation integration, enhancing core competitiveness. They focus on implementing major national science and technology projects and key R&D plans, strengthening innovation platforms, and nurturing tech-based enterprises and incubators. Initiatives to develop emerging industrial sectors, such as humanoid robots, IoT, and high-end instrumentation, are also underway. The Ministry of Industry and Information Technology’s “Guiding Opinions on the Innovative Development of Humanoid Robots” clearly defines the development direction for this disruptive product. At the local level, efforts include improving supporting infrastructure, providing talent subsidies, and increasing R&D support to optimize the industrial ecosystem.

Continuous market demand release fuels industry growth. According to QYResearch (Beijing Hengzhou Bozhi International Information Consulting Co., Ltd.), global robot sales reached $27.64 billion in 2024 and are expected to rise to $81.56 billion by 2031, with a compound annual growth rate (CAGR) of about 18% from 2025 to 2031.

Support systems at the technological and ecological levels are also improving. Cross-sector technology reuse is becoming a key trend; for example, BYD has transferred its automotive “three-electric” technology to robotics R&D, while Yunyi Electric and others are extending their existing technological expertise into robotics. Industrial clusters in Nanjing, Shanghai, and other regions, with comprehensive infrastructure and abundant talent, are accelerating regional collaborative innovation.

Yu Fenghui further stated: “The combined support of policies, markets, and technology has ushered in a golden era for the robotics industry. Clear development directions from national policies, vast market potential, and cross-sector technological integration and localization breakthroughs lower entry barriers. Listed companies actively entering the field are not only creating growth opportunities for themselves but also enhancing the industry ecosystem through capital and technological iterations, accelerating the virtuous cycle of ‘technological breakthroughs—scenario implementation—scale growth.’”

Despite the promising outlook, the industry still faces multiple challenges. According to interviews, some core technologies are still in the critical development stage, performance and processing accuracy of key components can be improved, and some areas have yet to generate scaled revenue. Macroeconomic fluctuations and rapid technological iterations may impact project progress. Talent shortages, especially multi-disciplinary compound talents, are acute. Additionally, supply chain coordination efficiency and industry standardization still need improvement, which may restrict large-scale development.

Bai Wenxi, chairman of Zhonghe Kunlun (Beijing) Asset Management Co., Ltd., told Securities Daily: “Facing these challenges, companies need to maintain strategic focus. They should continue tackling key technological bottlenecks, leverage localization trends for breakthroughs, and foster talent through university-industry cooperation and cross-sector recruitment. Industry leaders should take the lead in formulating standards and promoting efficient supply chain collaboration. Rational planning and persistent effort are essential to gaining a competitive advantage in the industry.”