Aobi Zhongguang Targets Massive Robotics Market with Strategic Technology and Manufacturing Investments

In-depth Technology and Industry Application: Aobi Zhongguang Targets the Robot Market with Huge Potential

On the evening of February 5, Aobi Zhongguang announced that its application for the issuance of A-shares to specific entities for the fiscal year 2025 has been approved by the Shanghai Stock Exchange.

Recently, Aobi Zhongguang released a second revised plan for its private placement, indicating that there has been no change in the direction of fundraising projects or the total investment amount. The “Robot AI Vision and Spatial Perception Technology R&D Platform Project” has a total investment of 1.796 billion yuan, with 858 million yuan planned to be raised, while the “AI Vision Sensor and Intelligent Hardware Manufacturing Base Construction Project” will maintain its planned fundraising amount at 122 million yuan.

As the fundraising plan progresses steadily, Aobi Zhongguang, after several years of substantial research and development investment and market expansion, is beginning to see a strong reversal in its performance. The company’s recent forecast for the 2025 annual performance indicates an expected revenue of approximately 940 million yuan, representing a year-on-year increase of about 66.53%. The net profit attributable to shareholders of the parent company is expected to be around 123 million yuan, achieving profitability. Additionally, in the first three quarters of 2025, Aobi Zhongguang’s net cash flow from operating activities reached 118 million yuan, starkly contrasting with the net outflows in 2023 and 2024.

The company stated that based on the improvement in both performance and cash flow, it has further clarified its development focus in the new industrial cycle. “The company is firmly optimistic about the development of embodied intelligence and three-dimensional digitalization in the artificial intelligence industry, and continues to invest in R&D innovation, leading the industry frontier, and becoming a key player in the global robot industry ecosystem.”

Where Will the Fundraising Be Directed?

Aobi Zhongguang’s current fundraising aims are very clear: focusing on the “R&D platform” and “manufacturing base,” corresponding to the two dimensions of technology depth and industry application.

On the R&D side, the company plans to build a “Robot AI Vision and Spatial Perception Technology R&D Platform.” This platform is not just an upgrade of a single product line; instead, it aims to create a comprehensive technological hub covering chips, optics, algorithms, systems, and manufacturing processes around robotics and spatial intelligence. The company has explicitly stated that it will focus on core areas such as robotic vision, multimodal perception, and high-precision 3D scanning, forming reusable and scalable technological capabilities to support the intelligent upgrade of embodied intelligence, three-dimensional digitization, and traditional industries.

Over the past few years, Aobi Zhongguang has left a profound impression with its dedication to R&D, which can even be described as “lavish.” Since its establishment in 2013, the company has consistently maintained high R&D investment, even during periods of business losses, emphasizing its commitment to technological innovation. Since 2019, the company has invested over 2 billion yuan in R&D, with R&D expenses accounting for over 20% of its revenue in the first three quarters of this year.

As of now, Aobi Zhongguang has grown into one of the few companies globally with a comprehensive layout in mainstream 3D vision perception technologies such as structured light, binocular, dTOF, iToF, and Lidar, forming a full-stack technical capability from chips to algorithms to hardware. By the first half of 2025, the company had applied for nearly 2,000 patents, maintaining its position in the top tier of global intellectual property reserves in the 3D perception field, alongside tech giants like Apple, Microsoft, and Intel. With its self-developed deep engine digital chips and dedicated light-sensitive analog chips, Aobi Zhongguang has successfully promoted the industrialization of 3D vision sensors, providing foundational support for various applications.

On the manufacturing side, the “AI Vision Sensor and Intelligent Hardware Manufacturing Base” will take on dual tasks of capacity expansion and manufacturing upgrades. On one hand, it will conduct intelligent technological renovations on Aobi Zhongguang’s existing production lines by either self-researching or introducing smart/automated production equipment and management systems, optimizing production processes, enhancing overall equipment efficiency and capacity utilization, and upgrading existing production lines. On the other hand, it will expand new automated production lines, focusing on increasing the capacity of consumer-grade application devices and visual sensors.

It is worth noting that this manufacturing base will not only serve its own products but will also offer flexible production compatible with various technological routes, providing OEM services for robots and various intelligent terminal customers. This means that Aobi Zhongguang’s manufacturing capabilities will extend towards a more systematic and platform-oriented direction, potentially enhancing its depth of participation in the industrial chain.

The company stated that Aobi Zhongguang currently has manufacturing operations laid out in both China and Vietnam. The intelligent manufacturing base located in Shunde, Guangdong, has the capacity to produce millions of sensors and hundreds of thousands of terminals, while the Vietnam factory is expected to commence production in May 2026, offering flexible OEM services, material procurement, and manufacturability design (DFM) analysis services.

Currently, Aobi Zhongguang has provided OEM services for companies developing therapeutic robots, smart lawn mowers, humanoid robots, warehouse robots, and cleaning robots, helping these firms significantly reduce production costs and shorten time-to-market.

Aiming for the Enormous Future Potential of the Robotics Industry

If the fundraising answers the question of “where to invest,” the market is more concerned with where Aobi Zhongguang’s future growth will come from. Currently, Aobi Zhongguang holds a leading position in multiple niche markets. The company reports that its market share in domestic service robots, as well as in the Korean commercial and industrial mobile robot 3D vision sectors, exceeds 70%, and it aims to secure a competitive share in markets such as Europe, America, and Japan within the next 1-2 years.

The company believes that the current phase of robot industry development resembles the dawn of large-scale industrialization seen around the year 2000 in the internet sector. From the demand side, robots are evolving from single-function capabilities to becoming “smarter and more generalized.” Whether it is service robots, mobile robots, or future humanoid robots, the need for environmental perception, spatial understanding, and three-dimensional interaction will continue to rise, and 3D vision is the core infrastructure for this capability.

Capacity planning indicates that within the next five years, Aobi Zhongguang aims to increase its annual production capacity for 3D vision sensors and consumer-grade application devices to 5 million units and 2 million units, respectively. Once this fundraising project is completed, the company’s annual capacity for 3D vision sensors and consumer-grade application devices will increase by 1 million units and 530,000 units, respectively. The company stated, “This capacity expansion is a proactive layout by Aobi Zhongguang to match the future rapid growth trend of business and to address potential shortages in production resources. In recent years, the company has strongly felt that new industry clients in the robotics field enter the mass production application stage every year. In the first half of 2025, domestic robot business revenue grew by nearly 100% year-on-year. In the future, as technology matures and intelligence improves, more and more robotic applications will emerge in various production and daily life sectors, leading to exponential growth in the robotics industry. We aim to capture 60%-70% of this vast market size in the next 5, 10, and 20 years.”

From an industry perspective, 2024 is expected to be the year of true explosion for the 3D vision industry. Previously, the limited application scenarios of 3D technology and weak market demand led to the high costs of 3D vision technology not being covered by market returns, trapping the industry in a cycle of “no downstream, only investment.” According to data, as of 2022, the scale of China’s machine vision market was 17.065 billion yuan, of which 3D vision accounted for only 1.84 billion yuan, or 10.8%. However, after 2024, with the rapid development of fields such as automated mobile robots (AMR), 3D printing, humanoid robots, robotic arms, dexterous hands, and smart lawn mowers, the demand for real-time depth perception in high-level automation scenarios will surge, leading to increased demand for 3D vision.

Currently, Aobi Zhongguang has gained strong recognition and favor from its clients. Since 2025, the company has added over 400 new robotics clients and has collaborated with more than 1,000 robotics companies, including TianGong Robotics, ZhiYuan, XingChen Intelligent, Pudu Technology, UVD Robots, RoboCare, and Twinny. Beyond the core robotics sector, Aobi Zhongguang’s visual capabilities have deeply integrated into various aspects of daily life and industrial production. In the field of biometrics, the company’s technology has been applied in offline retail, self-service kiosks, dining, medical, and transportation payment scenarios, facilitating the widespread adoption of facial recognition payment through Alipay and the “tap” application, while also covering identity verification scenarios such as medical insurance verification and smart locks. In the industrial sector, 3D vision technology has enabled micrometer-level scanning and detection functions, applicable in product inspection and quality control processes.

A diversified business structure is already reflected in Aobi Zhongguang’s financial data. From 2022 to 2024, the company achieved a compound annual growth rate of 26.98% in revenue, surpassing the average compound annual growth rate of 7.92% for comparable companies in the industry during the same period. In 2024, the company’s revenue increased by 56.79% year-on-year, and in the first nine months of 2025, it increased by 103.5%, maintaining a trend of rapid growth. In a response to an inquiry letter for review issued in September 2025, the company noted that in light of the latest market demand and competitive landscape in the 3D vision industry, as well as its ample technological reserves, it expects revenue growth rates of 54.27%, 56.25%, 40.00%, and 37.14% for the years 2025 to 2029, respectively.

From a profitability perspective, Aobi Zhongguang is expected to turn positive in both net profit attributable to the parent company and net profit after deductions in 2025, marking a critical shift from “investment in technological innovation” to “transformation of business results.” Overall, this fundraising is not merely a single financing action but rather a systematic layout around long-term technical routes, manufacturing capabilities, and industrial cycles. As the robotics industry approaches large-scale applications, the company has chosen to continue deepening its foundational capabilities, which may be its core judgment regarding the next growth curve.