On March 30, Eston (002747.SZ) released its 2025 annual report and ESG report, achieving revenue of 4.888 billion yuan, a year-on-year increase of 21.93%; net profit attributable to the parent company was 44.9722 million yuan, a year-on-year increase of 105.55%.
During the reporting period, the company comprehensively optimized its governance, activated new productivity through innovation, turned losses into profits, and received an AAA ESG rating from the National Securities Index, demonstrating strong growth resilience.
In 2025, the industrial robot industry will bottom out and rebound due to the dual drive of policy support and manufacturing transformation, and the domestic substitution process will accelerate.
According to data from the National Bureau of Statistics, the national industrial robot output in 2025 will be 773,100 sets, a year-on-year increase of 28%. The industry has entered a period of rapid development, with exports increasing by 48.7% year-on-year, exceeding imports for the first time, marking my country becoming a net exporter of industrial robots.
As a leading domestic industrial automation company, Estun leads the industry with its competitive advantages in the entire industry chain covering “core components + complete robots + solutions”, and its market share is rapidly increasing.
Data shows that the company will achieve sales revenue of 4.888 billion yuan in 2025, a year-on-year increase of 21.93%, of which industrial robots and intelligent manufacturing systems revenue is 3.997 billion yuan, a year-on-year increase of 31.80%, and the growth potential is gradually released.
According to MIR Rui Industrial Data, the company will continue to top the domestic industrial robot market share in 2025, ranking first for eight consecutive years. It surpassed foreign brands for the first time during the year and became the top of China’s industrial robot shipments, achieving rapid expansion of application scenarios in the fields of automobiles, electronics, lithium batteries and other fields.
It is worth noting that thanks to the optimization of the governance system and the improvement of production energy efficiency, the company has achieved a double jump in revenue and profitability, and its fundamentals have been effectively improved.
During the reporting period, the company achieved non-net profit of RMB 7.2806 million, a year-on-year increase of 100.87%, turning losses into profits and entering a period of steady growth.
The company’s net operating cash flow was 507 million yuan, a year-on-year increase of 788.37%, a record high. At the same time, the asset-liability ratio dropped by 2.78 percentage points year-on-year, and the sales period expense ratio dropped by 9.44 percentage points year-on-year, laying a solid foundation for long-term high-quality development and empowering the digital and intelligent transformation of domestic manufacturing.
Estun adheres to the “All Made By Estun” strategy and has built a full industry chain layout from automation core components, industrial robots to intelligent manufacturing systems.
The company’s products cover 96 industrial robots with loads from 3kg to 1200kg. The core components are independently controllable. Products such as motion control systems and servo systems run through the industrial automation information layer, control layer, drive layer and execution layer, providing customers with full life cycle solutions.
According to the 2025 annual report, the company invested 476 million yuan in R&D throughout the year, accounting for 9.74% of revenue. It added 51 new software copyrights and 74 authorized patents. By the end of the year, it had a total of 634 authorized patents, including 279 invention patents, and R&D and engineering technicians accounted for 29.68%.
Relying on a strong R&D and technology system, the company has determined the market strategy of “universal + segmented”, continuously expands application scenarios, drives the development of industrial robots to full categories, high precision, heavy loads, and scenario-based aspects, and builds core product competitiveness barriers with customized, high-quality industrial automation solutions.
In terms of general technology, the company has launched a new generation of iER series intelligent industrial robots, which reconstruct the underlying operating system with the self-developed Juliet robot language, connect the data interface, perception module and control core, comprehensively improve the robot’s intelligent analysis and decision-making capabilities, and create an open intelligent ecosystem.
In the subdivision field, Eston breaks through the bottleneck of ultra-heavy load technology and fills the domestic gap by self-developed 1,200KG ultra-large load robots; creates full-process intelligent solutions for automobile manufacturing around various process stages such as welding, gluing, and handling, and applies high-precision six-axis robots to the production lines of many leading car companies in batches; it is deeply involved in the construction of the world’s first photovoltaic “lighthouse factory”, building a global ultra-high-speed lithium battery production line, and broadening the boundaries of intelligent manufacturing.
At the same time, the company also integrates green concepts into corporate development and promotes the implementation of green, intelligent and efficient “double carbon” goals through technological empowerment.
The company comprehensively promotes distributed photovoltaic power generation on the rooftops of the three major factory areas to achieve clean energy substitution, and establishes a recycling system for old equipment to reduce resource waste.
In addition, through the smart factory operation capabilities of the E-care and E-Noesis digital platforms, the company can diagnose faults in real time, improve product quality, comprehensively improve operational energy efficiency, and inject AI momentum into the company’s high-quality development.
Globalization is one of Eston’s core strategies. The company has established 75 service outlets around the world, covering major manufacturing regions such as Europe, America, and Asia. It has multiple international certifications such as CE and UL, and has established an international marketing and technical team.
In 2025, the company will accelerate its overseas production capacity layout, complete the construction of the Polish factory, and promote the export of high-value products overseas. Through the “Local for Global” model, it will give full play to China’s supply chain efficiency advantages and overseas localization service capabilities, and continue to make breakthroughs in markets such as Europe and Southeast Asia.
Operating data shows that the company’s overseas revenue in 2025 will be 1.463 billion yuan, a year-on-year increase of 6.8%, and the gross profit margin will increase by 4.09 percentage points to 36.75%.
It is worth mentioning that the company has recently been successfully listed on the main board of the Hong Kong Stock Exchange, becoming the first “A+H” listed company in the domestic industrial robot field.
This milestone breakthrough provides sufficient financial support for the company’s overseas business expansion, technology research and development investment and global resource integration, and is expected to further enhance its international brand image and financing capabilities.
Taking advantage of the dual capital platform, the company will deepen cooperation with global leading customers, strengthen global market layout, and demonstrate China’s power on the world stage through technological empowerment and value co-creation.
Looking forward to the future, with the help of the “A+H” dual capital platform, Estun will continue to consolidate the competitive advantages of the entire industry chain, accelerate global layout and release overseas production capacity, empower the digital and intelligent transformation of the manufacturing industry with technological innovation, and steadily move towards the strategic goal of “from following to surpassing”.
