According to the prospectus, Yue Jiang Technology specializes in the development, manufacturing and commercialization of collaborative robots, and enjoys a leading position in technology. According to the Insight Consulting report, in terms of shipments in 2023, Yuejiang Technology ranks the top two in the global collaborative robot industry, and ranks first among all collaborative robot companies in China, with a global market share of 13.0%.

MAESTRO-60X714 According to the same source, with self-developed full-stack collaborative robot development technology and self-developed design and development of key components, the company has the richest portfolio of collaborative robots in terms of load capacity, shaft type and use scenarios to meet the different needs of customers in a variety of use scenarios. Yuejiang Technology has been leading the industry in innovation, especially introducing SafeSkin, an industry-leading flexible electronic skin technology, in terms of cobot safety measures and AI functions, and launching the first commercial AI-enabled cobot supported by the X-Trainer, an AI cobot enabling platform.

As of June 17, 2024, Yujiang Technology has launched a total of 27 collaborative robot models in 4 series, which can meet a large number of use scenarios in many fields such as manufacturing, retail, medical health, STEAM education, and scientific research.

In terms of industry, the collaborative robot industry is currently in a period of rapid growth. The global collaborative robot market size increased from $467 million in 2019 to $1,040 billion in 2023, with a CAGR of 22.2%, and a CAGR of 36.6% from 2023 to 2028. The growth rate of the global collaborative robot industry far exceeds that of the traditional industrial robot industry.

Yuejiang Technology is good at creating cutting-edge innovations with interdisciplinary research and development capabilities to raise the performance standards of collaborative robots. SafeSkin’s own flexible e-skin technology enables the company’s collaborative robots to operate at a safe speed of 1 m/s during human-computer interaction while detecting approaching objects within a range of 15 cm, which is four times the industry standard of 0.25 m/s, according to the research report.

MAESTRO-60X714 According to the same sources, X-Trainer, Yue Jiang’s market-first AI-enabled collaborative robot platform, is equipped with high-quality data acquisition capabilities, low time lag (140% faster end-to-end response), and broad learning capabilities that are far more efficient than comparable systems. As of June 17, 2024, Yuejiang Technology has obtained 186 invention patents, 302 utility model patents and 125 design patents, some of which have won authoritative awards in the industry.

In terms of finance, in 2021, 2022 and 2023, the revenue of Yuejiang Technology is about 174 million yuan, 241 million yuan and 287 million yuan, respectively. During the same period, the losses were about 41.756 million yuan, 52.477 million yuan and 103 million yuan respectively.

Data show that Shenzhen Yue Jiang Technology Co., Ltd. was founded in 2015, by Shandong University graduate student Liu Peichao founded, as of the latest feasible date, Mr. Liu controls 31.08% of the voting rights of the company’s shareholders’ meeting, It consists of 26.62% of its direct beneficial ownership, 3.50% of its beneficial ownership in Yue Jiang Limited Partnership (controlled by Mr. Liu as general Partner) and 0.96% of its beneficial ownership in Qin Mo Limited Partnership (controlled by Mr. Liu as general Partner).