Han’s Laser (大族激光, 002008.SH), a leader in the Chinese market for laser equipment and automation, recently incorporated a new intelligent robotic subsidiary in Guangzhou.
Business registry information revealed that the new company, named Han’s “mopai” (no official English name is revealed yet; pinyin spelling is used instead), was up and running in February 11 this year, with a reported capital base of 5 million yuan (US$728,500).
Its business scope includes the manufacturing and sale of industrial robot, production of new energy equipment, specialized equipment, and sale of electronic specialized equipment, among others.
The new unit was 100% owned by Han’s lithium-ion battery arm, which is itself an affiliate of Han’s Laser.
Han’s Laser consists of Han’s Motion (大族精密传动), Han’s Robot (大族机器人) and Han’s Lithium Power (大族锂电).
In 2019, Han’s Laser dominated the domestic laser equipment industry with a 12.6% market share, far ahead of the second-placed Huagong Technology (华工科技, 000988.SH), which represented 2.8% of the market.
The founding of the new robotic venture complements the business of Han’s Robot and signals the parent’s aspirations to further expand into new growth categories and become an ecosystem player, according to a company statement.
Nonetheless, the statement didn’t specify the division of labor or areas of differentiation between the duo.
According to public information, Han’s Motion specializes in the manufacturing and sales of precision reducers and devices, robotic systems, and electromechanical equipment. Its products are widely applied in robotics, telecommunications, semiconductor, medical device and testing equipment, among other industries.
Han’s Robot, which manufacturers in Foshan of Guangdong Province and has a R&D center in Shenzhen, is focused on the development, production and sale of smart cobots and automated guided vehicle (AGV), with its clients mainly coming from industry, healthcare, logistics, education and services sectors.