Nine Thai Fund interpretation: the field of robotics or industry outbreak

: Recently, the robot-related field has received more attention. In the two national conferences just concluded, Premier Li Keqiang mentioned artificial intelligence for the first time in the government work report, and the field of artificial intelligence represented by the robot industry was also included in the National Thirteenth Five-Year Plan for Scientific and Technological Innovation. in. All kinds of signs may indicate that the relevant fields are entering a period of important development opportunities and the industry is breaking out soon. And with artificial intelligence entering the national strategic level, it gradually became the darling of capital.

According to statistics, as of November 2016, the total financing amount of 1485 artificial intelligence companies worldwide was as high as US$8.9 billion. With the help of capital, robots have become one of the biggest investment outlets in the past two years.

What is the development trend in the field of robotics in the new Third Board market? What are the advantages of comparing with the relevant target in A shares? Li Shiqiang, head of the high-end manufacturing (Aikey, Net Worth, Information) group of the Industrial Investment Division of the Nine Thai Fund, interpreted this in all directions.

The new three-board robot field subdivision complete tenderable more

"Robots are an important area of ​​artificial intelligence. As an important carrier of artificial intelligence, robots are broadly divided into industrial robots and service robots," Li Shiqiang said. "In the industrial field, robots are mainly used in automobile manufacturing and 3C electronics. The production of consumer goods, plastics and rubber products, etc. Service robots are mainly used in professional applications or in personal and family needs, such as sweeping robots, remote control drones, etc."

Li Shiqiang believes that the companies involved in the relevant concept fields in the New Third Board are mainly located in the integrated application of the middle and lower reaches of the entire robot industry chain, with a wide range of applications and diversification of solutions, etc. There are many investments and alternatives, such as A shares. There are also many related robotic targets, such as Huichuan Technology and other listed companies, but compared with A-shares, there are many investment targets in the field of artificial intelligence in the New Third Board, and the industry sector is subdivided into segments and professional and targeted. The solutions provided are also more diverse."

Li Shiqiang pointed out that "there are robot companies specializing in agricultural, medical, anti-drug, power patrol and other solutions in the New Third Board, and there are relatively few companies in such A segmented companies."

Robot field or industry outbreak period

Li Shiqiang said that compared with other sectors, the valuation of the relevant targets of the new three-board robots is not low, and they have a certain degree of premium, because the industry has received a high degree of attention.

“We believe that the robotics industry will continue to develop rapidly in the future. The main points are as follows:

First, benefit from the demographic structure. At present, the aging of China’s population is serious, and the inflection point of the demographic dividend has already emerged. Robots are replacing the labor force to a certain extent.

Second, benefit from consumption upgrades. With the gradual increase in per capita income of citizens, many new consumer demands and growth points will be generated. Service robots are born under this large market background, such as sweeping robots, unmanned remote controls, and so on.

Third, benefit from national policies. The "China Made 2025" program document clearly stated that the future will focus on the development of a new generation of information technology industry, high-end CNC machine tools and robots, aerospace equipment, marine engineering equipment and high-tech ships, advanced rail transportation equipment, energy-saving and new energy vehicles ( Aki, net worth, information, electric equipment, agricultural machinery, new materials, biomedicine, and high-performance medical devices are among the ten key areas. ”

"By benefiting from future industrial and consumer upgrades, the robotics industry may usher in explosive growth. Our team will continue to focus on and closely track leading companies in related fields, and provide investors with high quality targets for future high growth potential in the industry. ."

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