On the evening of April 29, Giant Wheel Intelligence released its 2023 annual report. The report shows that the company will achieve an operating income of 803 million yuan in 2023. In 2023, the company made a major breakthrough in RV reducers and continued to improve the product spectrum.

In recent years, with the rapid development of intelligent manufacturing and high-end equipment fields such as industrial robots and high-end CNC machine tools, RV reducer has become a widely used precision reducer in the field of high precision transmission. Giant wheel intelligent many years ago has begun to layout the field of robotics, robotics and intelligent equipment business as the company’s focus on the development of emerging business, the company focused on the RV reducer segments of domestic alternatives, continue to accelerate the speed of scientific and technological innovation, in 2023 to achieve a major breakthrough in technology.

PPC902CE101 The annual report shows that the technical indicators of the high-precision RV reducer, the core components of the robot developed and produced by the company, have reached the international advanced level, and a number of specification series have begun mass production, with the basic conditions for the localization of the robot RV reducer. The “Precision cycloidal pinwheel reducer /JLRV40E” produced by the company and submitted for inspection has obtained the CR product certification issued by China Automobile Testing Technology Co., LTD. (National Robot Testing and Evaluation Center). The company is one of the first two domestic enterprises to obtain the certification, filling the gap in the field of China’s robot CR certification, and promoting the mutual recognition of China’s intelligent equipment key parts product certification with the world’s advanced countries.

At present, the company’s RV reducer is mainly used in multi-joint industrial robots of 20 kg and above, industrial robots external axes, CNC machine tools and high precision turntables. The products include more than 30 varieties such as E series, C series and T series, which meet the mainstream robot applications of 6KG to 600KG, and is one of the domestic RV reducer brands with high technical quality and complete specifications.

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The proportion of domestic industrial robot body supporting core parts localization has steadily increased, and the company’s RV reducer has ushered in a good opportunity for development. Statistics from the High-tech Robot Research Institute (GGII) show that in 2023, all the core parts of industrial robots are domestic about 64%, all the core parts are imported only 6%, and the remaining 30% are partially domestic and partially imported, which is significantly higher than the 5% share of all the core parts in 2015.

PPC902CE101 It is understood that the company’s RV reducer can reach the “domestic replacement” import level in terms of high precision, high stability, durability and consistency, and is to break the monopoly of high precision RV reducer foreign brands of high-quality “domestic manufacturing”. At present, the company has established business relations with a number of industrial robot manufacturing enterprises, automation enterprises, customized research and development, sales of different specifications of RV reducer, core parts of the domestic replacement trend, the company’s RV reducer is expected to grow rapidly.

In addition, the potential space for humanoid robots is huge, according to the humanoid robot industry Research Report, it is expected that in 2026, China’s humanoid robot market size exceeds 10 billion, reaching 10.471 billion yuan, and in 2030, it is expected to grow into a 100 billion market, with a market size of 119.46 billion yuan. Institutions believe that humanoid robot key parts products are currently low localization rate, small market capitalization companies are expected to ride the wind and grow into large market capitalization giants. Under the huge market space, giant wheel intelligence as the core parts of the industrial chain is expected to benefit.

Looking to the future, the localization rate of core parts of industrial robots is gradually increasing, humanoid robots are gradually commercialized from 0 to 1, and domestic parts suppliers such as giant Wheel Intelligence are expected to gain more market share. The company will also continue to carry out continuous iteration and innovation of technology, actively insight into market opportunities, develop core robot parts such as RV reducer business, and expand customer base.