“Science and Technology Innovation Board Daily”, December 13 (Reporter Wu Xuguang) At the performance briefing for the third quarter of 2023, Tang Ye, chairman and general manager of Baichu Electronics, told the “Science and Technology Innovation Board Daily” reporter and some investors that from the beginning of the year to the end of the third quarter reporting period, the company's revenue increased 51.91% year-on-year compared to the same period last year, mainly due to the continuous expansion of new markets and further optimization of the product structure. The number of orders for the laser processing control system business continued to grow during the reporting period.

Baichu Electronics is mainly engaged in R&D, production and sales of laser cutting control systems. The main products include tracking control systems, board control systems, bus control systems and other related supporting products.

Financial reports show that in the first three quarters of 2023, Baichu Electronics achieved operating income of about 991 million yuan, an increase of 51.91% over the previous year, and net profit of about 570 million yuan, an increase of 47.99% over the previous year. Among them, the third quarter achieved operating income of about 330 million yuan, an increase of 35.52% over the previous year, and net profit of 210 million yuan, an increase of 51.42% over the previous year.

At the performance meeting, Zhou Yi, deputy general manager and director of Baichu Electronics, said that in terms of medium and low power products, board card systems still rank first in the domestic market share; in terms of high-power products, the trump combination of bus systems and intelligent cutting heads not only continues to expand the technical advantages in high-power scenarios through synergy effects, but also further drives the continuous increase in domestic market share.

However, Baichu Electronics' third-quarter results declined slightly compared to the second quarter, and net profit fell 8.63% month-on-month. In response, Zhou Wei explained that according to the industry's past experience, the second quarter was the highest point for the entire industry.

In fact, in recent years, due to the influence of the external macroenvironment, the current overall market for traditional businesses such as medium and low power systems has maintained a certain level of growth, but the growth rate has slowed down somewhat. For Baichu Electronics, it is necessary to find new incremental markets.

The intelligent welding robot business is one of Baichu Electronics' future strategic directions.

According to Baichu Electronics' additional distribution plan, the demand for welders in steel structure factories in China is about 200,000. It is estimated that each device is replaced by 2 manual workers, corresponding to 100,000 units of automated equipment. Based on the unit price of 280,000 yuan for intelligent welding robots, the long-term market size of intelligent welding robots is expected to reach 28 billion yuan.

Tang Ye, chairman and general manager of Baichu Electronics, said in introducing the latest developments in the company's intelligent welding robot project that since this year, Baichu Electronics has maintained integration with many welding industries and technical communication and communication with target end users, focusing on developing solutions for industries such as construction steel structures and towers to meet the delivery standards of terminal steel structure manufacturers.

Zhou Yi did not give a positive response to the company's potential intended customers and mass production plans in the field of intelligent welding robots. He only stated that while its intelligent welding control system project is progressing normally, it has completed large-scale model weld rapid extraction and parameter batch generation technology to optimize visual scanning trajectories and welding trajectories. In addition, the research and development project for an intelligent robot control system for the welding of complex steel components is progressing normally, and a dual-engine collaborative distribution algorithm has been implemented, which can automatically distribute weld work tasks in a balanced manner for the Longmen Double Airport scenario.

“The company remains optimistic about the medium- to long-term development prospects of the welding business. The welding system can expand into more industrial fields, and the welding robot system has a large margin of profit. In the next 1-2 years, with the implementation of more projects and product promotion, it is expected to become a new profit growth point for the company.” Zhou Wei added.

According to the official public account of Baichu Electronics, the intelligent welding control system solution launched by the company is “eye and brain integration”, that is, a fully self-developed FSWELD intelligent welding system based on graphics, visual technology and robot kinematics. The functions include digital twin (3D model data analysis, automatic weld extraction) and parametric modeling (the software comes with parametric model functions for commonly used beef legs), which can solve the problems of chaotic cutting, recruitment difficulties, and mixed workpieces in industries such as steel structures, ships, and heavy industries.