After deducting the relevant issuance costs, the raised funds of China Great Power will be used for the robot body components, accessories and intelligent execution unit production line project, the construction and upgrading project of South China Technology research and development Center, and supplementary working capital.

Gaogong Robot noted that this announcement (revised draft) is an update of the financial data, the main assumptions of financial calculation and the impact of this issue on the company’s main financial indicators based on the announcement of the “Plan to Issue Convertible Corporate Bonds to Unspecified Objects” (hereinafter referred to as the “original plan”) issued by China Dali on August 25.

For example, the announcement of the original plan shows that from 2020 to January to June 2023, the operating income of China Great Power De is 76,057,300 yuan, 952,973,800 yuan, 897,595,500 yuan and 53,987,909 yuan, respectively; The net profit was 70,431,200 yuan, 81,394,700 yuan, 66,341,800 yuan and 3,257,500 yuan, respectively.

The revised draft mainly adds the performance of the third quarter, and the announcement shows that from 2020 to January to September 2023, Zhongda’s operating income is 76,057,300 yuan, 952,973,800 yuan, 897,595,500 yuan and 82,200.53 yuan, respectively; The net profit was 70.431,200 yuan, 81.3947 million yuan, 63.341,800 yuan and 57.278,800 yuan, respectively.

Zhongdade said that the raised funds and investment projects are centered on the company’s main business, which is conducive to further expanding the company’s business, consolidating and developing competitive advantages in the industry, and has good market development prospects and economic benefits. The smooth implementation of the relevant fundraising projects will also effectively improve the technical level and production scale of the company’s intelligent execution unit, and accelerate the company’s layout in the field of robotics.

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For example, the total investment of robot body components, accessories and intelligent execution unit production line project is 429 million yuan, and it is planned to raise 370 million yuan. The planned products include robot components, integrated intelligent execution units, large RV reducer and various types of deceleration motors.

Since 2013, the domestic industrial robot industry has made remarkable progress. According to the data of the High-tech Robot Industry Research Institute (GGII), from 2013 to 2023E, the compound annual growth rate of domestic robot production was 37.53%, and the compound annual growth rate of sales was 23.99%.

Under this trend, China vigorously Germany actively layout the production of robot components, and increase the construction of precision reducer capacity.

In December 2021, in the “Proposal on Using raised Funds to replace pre-invested raised projects and self-raised funds that have paid issuance fees” issued by China Great Power Germany, the “Intelligent execution unit production base project” appeared for the first time.

It is understood that the intelligent execution unit refers to the mechatronics integrated products formed by the combination and collocation of core components such as drivers, servo motors, precision reducers, etc., which are widely used in intelligent transmission and control fields such as robots, automated assembly lines, and industrial machines.

In line with the development trend of miniaturization, integration and integration of the industry, at present, Zhongda has formed a product architecture of reducer + motor + drive integration around industrial automation and industrial robots. Launched “precision planetary reducer + servo motor + drive” integrated machine, “RV reducer + servo motor + drive” integrated machine, “harmonic reducer + servo motor + drive” integrated machine and other modular products.

Zhongdade said that through this investment project, the company can effectively integrate existing products, make full use of the company’s product advantages and technical advantages in the field of intelligent drive core components, extend the industrial chain through the integration of intelligent execution unit products and robot components, and build intelligent manufacturing core components product system. Further expand the company’s strategic layout.

Facts have proved that mechatronics as a product development strategy of China Great Power Germany, its product form intelligent execution unit has increased significantly since its launch in 2021.

China Great Power 2023 semi-annual report shows that the intelligent execution unit in the first half of 2023 operating income of 241 million yuan, accounting for 44.66% of operating income, an increase of 80.11%.