Analysts predict a surging demand for exoskeleton robots across diverse sectors, including healthcare, industry, elderly care, outdoor activities, and consumer markets, marking an accelerated commercialization process.

Continuous advancements in technology, integrating sensors, control systems, bionic mechanisms, and novel materials, have significantly enhanced the performance of exoskeleton robots, making them more versatile and adaptable to a wide range of applications.

The application domains of exoskeleton robots are continually expanding, from medical rehabilitation and industrial assistance to elderly care and outdoor leisure, fueling a growing market demand.

Technological innovations and large-scale production are anticipated to further reduce the cost of exoskeleton robots, leading to lower unit prices and a market space estimated to surpass 100 billion yuan.

Value Breakdown of Each Link in the Exoskeleton Robotics Industry Chain

Upstream: Approximately 40%

This segment involves the production of core components such as reducers, sensors, and motors, characterized by high technical barriers and significant potential for domestic substitution. Key players in this field include Green Harmonic in harmonic reducers, Hanwei Technology in force sensors, and Kele in servo systems, poised to benefit from the expanding exoskeleton robot market.

Midstream: Approximately 30%

Manufacturers of complete exoskeleton systems must navigate challenges such as clinical certification in medical scenarios and cost control in consumer markets. Chengtian Technology, for example, has significantly lowered costs through technological innovations in consumer-grade exoskeleton robots, promoting market penetration.

Downstream: Approximately 30%

Demand primarily stems from elderly care institutions, industrial logistics enterprises, and scenic spot operators, whose procurement needs drive flexible growth in the industry chain. Taikang Home in elderly care and JD.com and SF Express in industrial logistics play pivotal roles in promoting the application and market expansion of exoskeleton robots.

Corporate Growth Capacity in the Exoskeleton Robotics Industry Chain

Corporate growth capacity reflects a company's ability to sustainably expand its asset scale, profitability, and market share amidst changing market conditions, indicating its future development prospects.

This article is part of the [Growth Capacity] section of the Corporate Value series, analyzing 19 enterprises across the exoskeleton robotics industry chain. Evaluation metrics include compound revenue growth, compound growth of non-deductible net profit, and compound growth of net operating cash flow.

Note: The data is historical and does not predict future trends; it serves for static analysis only and does not constitute investment advice.

No. 10 Wolong Electric Drive

Industry Segment: Motors

Growth Capacity: Compound revenue growth of 4.37%, compound growth of non-deductible net profit of 33.13%, compound growth of net operating cash flow of -5.89%

Performance Forecast: Latest forecast mean for net profit is 1.076 billion yuan, with a forecast mean growth rate of 35.68%

Main Products: Industrial motors and drives, contributing 69.38% of profits with a gross margin of 29.90%

Company Highlights: Wolong Electric Drive has deployed solutions encompassing bionic robot inspection systems, high-altitude emergency delivery systems, and exoskeleton assistance systems.

No. 9 Electric Broadcasting Media

Industry Segment: Marketing Agency

Growth Capacity: Compound revenue growth of -0.47%, compound growth of non-deductible net profit of -51.54%, compound growth of net operating cash flow of 68.87%

Performance Forecast: Latest forecast mean for net profit is 257 million yuan, with a forecast mean growth rate of 167.88%

Main Products: Game revenue, contributing 50.89% of profits with a gross margin of 73.98%

Company Highlights: Electric Broadcasting Media's business spans cultural tourism, investment, advertising, and gaming. Its subsidiary, Dachen Fortune Capital Investment, has invested in Chengtian Technology, specializing in intelligent exoskeleton robots.

No. 8 Meihu Corporation

Industry Segment: Chassis and Engine Systems

Growth Capacity: Compound revenue growth of 3.65%, compound growth of non-deductible net profit of -26.96%, compound growth of net operating cash flow of 62.50%

Performance Forecast: Latest forecast mean for net profit is 258 million yuan, with a forecast mean growth rate of 55.32%

Main Products: Diesel engine oil pumps, contributing 46.43% of profits with a gross margin of 36.37%

Company Highlights: Meihu Corporation continuously introduces emerging business applications such as lawn mowing robots, industrial robots, exoskeleton robots, humanoid robot joint modules, and LiDAR motors.

No. 7 Keywise

Industry Segment: IT Services

Growth Capacity: Compound revenue growth of 19.55%, compound growth of non-deductible net profit of 100.86%, compound growth of net operating cash flow of 27.49%

Performance Forecast: Latest forecast mean for net profit is 328 million yuan, with a forecast mean growth rate of 30.25%

Main Products: Industrial automation, contributing 84.79% of profits with a gross margin of 44.70%

Company Highlights: Keywise specializes in supplying industrial automation, informatization, intelligent technology, products, and solutions. The company aims to establish a comprehensive service robot product line, including exoskeleton robots, with a focus on orthopedics.

No. 6 Everwin Precision

Industry Segment: Consumer Electronics Equipment

Growth Capacity: Compound revenue growth of 21.47%, compound growth of non-deductible net profit of -80.94%, compound growth of net operating cash flow of 12.14%

Performance Forecast: Latest forecast mean for net profit is 134 million yuan, with a forecast mean growth rate of 557.32%

Main Products: Functional products, contributing 47.87% of profits with a gross margin of 22.36%

Company Highlights: Everwin Precision's main products include protective products, carbon fiber products, and die-cut structural parts. The company's carbon fiber products are increasingly being utilized in exoskeleton robot structural components.

No. 5 Jinggong Technology

Industry Segment: Other Special Equipment

Growth Capacity: Compound revenue growth of 12.25%, compound growth of non-deductible net profit of -14.15%, compound growth of net operating cash flow of 410.43%

Performance Forecast: Latest forecast mean for net profit is 368 million yuan, with a forecast mean growth rate of 150.17%

Main Products: Carbon fiber equipment, contributing 63.18% of profits with a gross margin of 43.98%

Company Highlights: Jinggong Technology's offerings include carbon fiber equipment, new energy equipment, special equipment for building materials and textiles, components and precision processing, and polyester recycling equipment. The company is actively researching and developing exoskeleton robot projects.

No. 4 Toread

Industry Segment: Sportswear

Growth Capacity: Compound revenue growth of 14.44%, compound growth of non-deductible net profit of 252.83%, compound growth of net operating cash flow of -44.90%

Performance Forecast: Latest forecast mean for net profit is 193 million yuan, with a forecast mean growth rate of 81.32%

Main Products: Outdoor clothing, contributing 69.89% of profits with a gross margin of 49.74%

Company Highlights: Toread has emerged as a leading enterprise in the domestic outdoor products industry. The company's lower limb exoskeleton technology enables human-computer interaction and intelligent recognition.

No. 3 iFLYTEK

Industry Segment: Horizontal General Software

Growth Capacity: Compound revenue growth of 18.79%, compound growth of non-deductible net profit of 59.36%, compound growth of net operating cash flow of 613.40%

Performance Forecast: Latest forecast mean for net profit is 959 million yuan, with a forecast mean growth rate of 71.26%

Main Products: Smart education, contributing 53.27% of profits with a gross margin of 54.94%

Company Highlights: iFLYTEK's core business revolves around artificial intelligence technology research, product development, and industry applications. The company has launched adaptive walking exoskeleton robots and a family of accompanying digital avatars.

No. 2 Zhenjiang Co.

Industry Segment: Wind Power Components

Growth Capacity: Compound revenue growth of 2.71%, compound growth of non-deductible net profit of -5.13%, compound growth of net operating cash flow of 27.50%

Performance Forecast: Latest forecast mean for net profit is 340 million yuan, with a forecast mean growth rate of 91.04%

Main Products: Wind power, contributing 75.10% of profits with a gross margin of 23.84%

Company Highlights: Zhenjiang Co.'s primary business includes wind power equipment and photovoltaic/solar thermal equipment components. Its subsidiary, Haipuman Robotics, specializes in researching intelligent control algorithms and bionic design for exoskeleton assistance robots.

No. 1 Emerging Equipment

Industry Segment: Aviation Equipment

Growth Capacity: Compound revenue growth of 10.82%, compound growth of non-deductible net profit is negative, compound growth of net operating cash flow is negative

Performance Forecast: Latest forecast mean for net profit is 52 million yuan, with a forecast mean growth rate of 175.15%

Main Products: Airborne equipment, contributing 84.88% of profits with a gross margin of 25.17%

Company Highlights: Emerging Equipment's core business revolves around aviation equipment products utilizing servo control technology. The company's exoskeleton robot products are currently in the research and development phase.