Baoxin Software released a post-market announcement, saying that the board of directors of Baoxin Software approved the cash increase of not more than 197 million yuan to hold Shanghai Turing Intelligent Robot Co., LTD. (hereinafter referred to as “Turing Robot”).

The announcement said that the capital increase and share expansion of Turing robot, the development of the domestic robot industry as an opportunity, at the same time in order to strengthen the missing links of Baosin software’s own industrial chain, the formation of independent high-end industrial robot brands, break the monopoly of international brands on the high-end heavy-duty industrial robot market, and cut into the imported high-end robot localization alternative market.

Gao Gong Robot observed that in recent years, robots have become one of the areas where Baoxin Software focuses on layout and continues to increase investment.

According to the “2023 semi-annual Report” of Baoxin Software, in the first half of 2023, Baoxin Software comprehensively improved its high-end automation business capabilities, “both soft and hard”, continued to increase investment in robot, PLC, process model and other fields, solved the “jam” problem, helped the industrial wisdom upgrade, and ensured that the key core technology was autonomous and controllable.

Baoxin Software is promoting the realization of large-scale and standardized robot settling in “Baoluo Cloud”, providing platform operation services; Accelerate the promotion and application of business models, and actively plan the layout of the robot industry; Launch a batch of new product research and development and the first set of research, and constantly improve the core competitiveness of robot business.

In addition, Baoxin Software is iteratively optimizing the new generation of multi-core PLC master control products, further focusing on the research and development and innovation of the basic core software of industrial control, realizing the large-scale application of a number of key projects, gradually improving the substitution capability in the steel industry, and actively leading the establishment of domestic industrial control software and system localization ecology.

Through this capital increase, Baosin Software will penetrate the layout of the robot industry, form industrial synergy, achieve capability beyond, grasp the broad market and era of imported robot localization replacement, and achieve leapfrog development.

Turing Robotics was founded in 2007 and funded by Shanghai Jiao Tong University. At present, Turing robot has complete independent intellectual property rights, the existing products cover a full range of high-precision industrial six-axis robots from 1kg to 500kg, and the application covers many industries such as auto parts processing, new energy, 3C digital and so on.

The announcement shows that the research achievements of Turing robots in mechanics and kinematics algorithms and the capabilities of mechanical transmission and industrial design will form strong industrial collaboration with the existing robot application engineering experience of Baoxin Software to further enhance the technical capabilities of Baoxin Software.

In 2016, Turing Robotics acquired the Italian veteran robotics company R.R.Obotica (hereinafter referred to as “RRR Italy”). Italy RRR was founded in 1978, with more than 45 years of industrial robot product development and technical experience advantages, with high-end heavy-duty robots as the core products, has formed core parts, vertical multi-joint industrial robots, collaborative robots, SCARA robots and automated production lines and other multiple product matrix.

The cooperation between Baoxin Software and Turing Robots may produce synergies in the automation field of steel and other industries.

On the one hand, in the 45 years since its establishment, RRR Italy has successfully supplied its European customers with more than 2,000 industrial applications. After 14 consecutive months of full load and high-intensity field verification, the relevant heavy-duty robot products fully meet the performance requirements of the iron and steel metallurgy and equipment manufacturing industry for high-precision heavy-duty robots.

On the other hand, Baoxin Software is actually controlled by China Baowu and controlled by Baosteel, which has a strong industrial foundation and rich application scenarios in the natural steel industry. In addition, Baoxin software provides the entire process of steel and related industries with industrial robots as the representative of equipment intelligent overall solutions and full life cycle services.

Compared with 2022, Baoxin Software’s performance this year has been excellent, maintaining stable growth. From January to September 2023, the operating income of Baoxin software reached 8.818 billion yuan, an increase of 15.23%; Net profit returned to the mother reached 1.871 billion yuan, an increase of 22.33%; Net profit deducted from non-return to the mother reached 1.80 billion yuan, an increase of 22.48%.

The announcement said that in the future, the formation of application cases in China Baowu through Baoxin software will greatly enhance the visibility of its products, and enter key national industries such as mining, steel, non-ferrous metallurgy, equipment manufacturing, and metal processing as an independent domestic brand.