Siasun Robot&Automation Co.,Ltd.
300024.SZ · SHZ
Company research
Siasun Robot & Automation Co., Ltd. (300024.SZ) is one of China's largest and most influential high-tech robotics companies, founded in 2000 and headquartered in Shenyang, Liaoning, and listed on the Shenzhen Stock Exchange since 2009. The company develops, manufactures, and integrates a comprehensive range of robotic solutions — including industrial, mobile, collaborative, special, and service robots — alongside advanced automation systems such as automated guided vehicles (AGVs), intelligent logistics platforms, automated storage and retrieval systems (AS/RS), electronics assembly lines, and automated vertical warehouses. Serving key industries including automotive, new energy, 3C electronics, semiconductor, and engineering machinery, Siasun combines core robot hardware, software, and engineering integration to deliver end-to-end intelligent manufacturing solutions. With products exported to approximately 40 countries and regions, the company employs around 3,378 staff and holds a market capitalization of approximately CNY 23.8 billion, cementing its position as a cornerstone of China's industrial automation landscape.
Research reports
Analyzes the 2026 Q1 results, emphasizing revenue decline, a sharply deteriorating net margin, higher selling/administrative/financial expenses as a share of sales, and deeply negative operating cash flow, and concludes that the company’s long history of weak ROIC and multiple loss years makes it a generally unattractive target for value investors while urging close monitoring of cash and financing risks.
Tencent News / 证券之星价投圈财报分析工具 · October 27, 2025机器人（300024）2025年三季报简析：净利润同比下降59.96%Reviews 2025 Q3 performance, noting mid‑single‑digit revenue contraction for the year-to-date, a steep year‑on‑year drop in net profit and margins, rising three-fee ratio, negative operating cash flow per share, and a decade of weak ROIC with several loss years, and frames the business model as fragile with heightened cash‑flow and financial‑expense risks for long‑term investors.
证券之星AI财报解析（Stockstar / 证券之星） · August 27, 2025机器人（300024）2025年中报：业绩下滑，现金流承压，研发投入加大Provides a structured mid‑2025 analysis detailing slight revenue decline but larger net loss, margin compression and negative operating cash flow, dissects cost and three-fee dynamics, breaks down segment revenues and margins (highlighting stronger semiconductor equipment profitability versus weaker automation lines), and discusses industrial‑robot market growth and the company’s increased R&D in semiconductor equipment and embodied intelligence while cautioning that cash‑flow and profitability must improve to support sustainable development.