On November 28th, the leader of the machine vision industry, Sitaike, went public today.
Since its establishment, Sitaike has been deeply involved in the field of machine vision detection equipment. Through continuous independent research and technological innovation in the fields of 3D light source technology, image processing underlying and application layer algorithms, AI artificial intelligence algorithms, high-precision three-axis mechanical platforms, and other integrated mechanical, electrical, and optical technologies, it has built a leading technological reserve in the field of machine vision.
Sitaike is a high-tech enterprise specializing in the research and development, production, and sales of machine vision inspection equipment, and has been recognized as a national level “specialized, refined, and innovative” small giant enterprise. The company’s terminal product field covers consumer electronics, automotive electronics, lithium batteries, semiconductors, communication equipment, etc. The products have been recognized by downstream well-known manufacturers such as Foxconn, Desai Battery, Hikvision, and Hongxin Electronics.
The company achieved operating revenue of 253 million yuan/356 million yuan/387 million yuan respectively from 2020 to 2022; Realized a net profit attributable to the parent company of 78 million yuan/117 million yuan/116 million yuan. In the latest reporting period, from Q1 to Q3 of 2023, the company achieved a revenue of 272 million yuan, a year-on-year decrease of 9.18%, and a net profit attributable to the parent company of 83 million yuan, a year-on-year decrease of 12.61%. The company expects to achieve a net profit attributable to shareholders of the parent company of approximately 103 million to 110 million yuan in 2023, a change of -11.87% to -5.42% compared to the same period last year.
Analysis of the Machine Vision Industry Chain At present, among machine vision equipment manufacturers, Tianzhun Technology, Juzi Technology, and Meiya Optoelectronics have shown strong market competitiveness. Representative companies for machine vision system integrators include Lingyunguang and Jingce Electronics, while representative companies for machine vision system solutions include Mecamand and Achu Technology. In the upstream hardware field of the machine vision industry chain, Lianchuang Electronics, Hikvision Robotics, Oppot, and Beijing Junzheng are typical manufacturers in the fields of optical lenses, industrial cameras, light source equipment, and image processing, respectively.In 2021, the booming development of logistics and warehousing, as well as the new energy industry, has driven the expansion demand of related enterprises. The demand for visual inspection products has increased significantly. According to GGII data, the size of China’s machine vision market in 2021 was 13.816 billion yuan (excluding the scale of automation integration equipment), a year-on-year increase of 46.79%. Among them, the 2D visual market size is about 12.665 billion yuan, and the 3D visual market size is about 1.151 billion yuan; The recovery of traditional industrial products has also brought vitality to machine vision, with a clear growth trend.The machine vision industry in China has emerged with the development of China’s industrialization process. China is becoming one of the most active regions in the world for the development of machine vision, with applications covering almost all fields of the national economy. In 2021, the demand for visual inspection products has increased significantly due to downstream demand growth in logistics and warehousing, new energy industries, and other industries. According to data from the Institute of Advanced Robotics Industry, the size of China’s machine vision market reached 13.816 billion yuan in 2021, with a year-on-year increase of 12.665 billion yuan in the 2D vision market and approximately 1.151 billion yuan in the 3D vision market. According to GGII’s prediction, the size of China’s machine vision market will reach 46.9 billion yuan by 2025, with a compound growth rate of 36% from 2021 to 2025. Based on the growth of the Chinese machine vision industry market size and the prediction of the Institute of Advanced Robotics Industry, it is expected that the Chinese machine vision industry will continue to maintain high-speed growth from 2026 to 2028. Among them, as 2D vision gradually upgrades to 3D vision, the conservative prediction is that the 3D vision market will grow at a growth rate of 50% and the 2D vision market will grow at a growth rate of 10%. By 2028, the market size of China’s machine vision industry will reach 83.7 billion yuan.”The machine vision industry is gradually maturing, and the market size is rapidly developing with the growth of China’s manufacturing and industrial robotics markets. From the perspective of the industrial chain, the products covered by machine vision in the upstream, midstream, and downstream empower thousands of industries and become an indispensable force in promoting the development of the robotics industry.” said Lu Hanchen, Director of the High Tech Robotics Industry Research Institute.
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