“Science and Technology Innovation Board Daily”, March 27 (Reporter Zhu Ling) Buke Co., Ltd. released its 2023 annual report on the evening of March 26. Financial reports show that for the full year of last year, the company achieved operating income of 506 million yuan, a year-on-year decrease of 6.09%; net profit to mother of 606.834 million yuan, a year-on-year decrease of 33.36%; deducted non-net profit of 538.16,600 yuan, a year-on-year decrease of 37.96%; and basic earnings per share of 0.72 yuan, a decrease of 33.33% from the previous year. The company plans to distribute a cash dividend of 3 yuan for every 10 shares to all shareholders.

Regarding changes in performance, Buke Co., Ltd. said that it was mainly affected by fluctuations in demand in the downstream market, and the general automation industry's revenue declined markedly. Although the company's sales in the robotics industry continued to grow, overall revenue fell 6.09% year on year. At the same time, in order to improve the company's competitiveness, the company has increased investment in R&D expenses and sales expenses.

By industry, the robotics industry achieved sales revenue of 189 million yuan last year, an increase of 30.60% over the previous year, accounting for about 37% of revenue, making it the largest business segment of Buke Co., Ltd.

However, with the exception of the robotics industry, the revenue of the three other industry segments of Buke Co., Ltd. has declined to varying degrees. Affected by the decline in demand for downstream orders, the general automation industry, which was originally the largest industry sector of Buke Co., Ltd., experienced a major revenue decline last year. Last year, it achieved sales revenue of 123 million yuan, a sharp drop of 29.75% over the previous year, making it Buke's third-largest industry sector.

However, the machine IoT industry, the original third-largest industry sector, achieved sales revenue of 157 million yuan last year, a year-on-year decrease of 7.40%, making it the second largest industry sector of Buke Co., Ltd. Last year, the medical imaging equipment industry was affected by short-term fluctuations in order demand from downstream customers, achieving sales revenue of 34.8692 million yuan, a year-on-year decrease of 21.42 percent.

In the robotics industry, Buke Co., Ltd. launched new products last year, such as modular mobile robot kits, standardized steering and walking power kits for unmanned forklifts, and industrial 6-axis robotic servo systems.

In response to institutional research in March of this year, Buke Co., Ltd. stated that the company believes the robot industry will maintain a steady growth trend. Among them, the industrial robot stock market is very large, and the company's sales in this direction are still relatively small, which is one of the key breakthroughs in the future; industrial mobile robots (AGV/AMR) are the company's main market in the robot industry and have a certain competitive advantage. In the future, the company will continue to increase its investment in this field to maintain its current advantage.

However, with regard to the field of humanoid robots that the market is concerned about, Buke Co., Ltd. did not provide a detailed introduction in the annual report; it only stated that the company is actively expanding the application of products in fields such as bionic robots to further increase the company's market share in the robotics industry.

It is worth noting that Buke's frameless torque motors sold more than 10,000 units last year, making them one of the company's fastest-growing single products. According to Buke Co., Ltd., the product is mainly used in the fields of collaborative robots and bionic robots, and the main sales contribution comes from collaborative robots.

Looking ahead to this year's market, Buke Co., Ltd. said in response to institutional research that the company will maintain an optimistic and cautious attitude towards 2024 as a whole. The company believes that the robot industry will maintain a steady growth trend, and will also actively lay out overseas markets to find new profit growth points. At the same time, the company is also closely monitoring the pace of recovery in downstream demand in the general automation industry. The current order demand situation is in line with the company's expectations.

In terms of overseas markets, Buke Co., Ltd. said it will focus on the Southeast Asian market, such as Vietnam, Indonesia, Japan and South Korea. At the same time, it will also increase its efforts to expand the American market and consider setting up overseas offices to further strengthen communication and stickiness with overseas customers.