[Ggrobot Li Huizhen] Greatoo （002031.SZ）Accelerated its Pace of Intelligent Manufacturing

Recently, Greatoo announced that the company is going to increase its investment to 195 million yuan in Greatoo (Guangzhou) Intelligent Technology Research Institute Co.,Ltd (short for Greatoo (Guangzhou) Research Institute). The investment comes from the funds the company raised by itself. With this investment, the registered capital of Greatoo (Guangzhou) will be 200 million yuan.

Greatoo expressed that the investment can supplement the original capital of Greatoo (Guangzhou) Research Institute, enlarging the institute’s business of industrial robots and automation, which meets the company’s need of long-term strategy and the development of its business in the future.

“Greatoo (Guangzhou) Research Institute is the company’s major base where the company makes researches on industrial robots and high-end intelligent equipment.” Greatoo’s employees in charge of the company’s Securities Department said to GG Robots

It’s worth mentioning that Greatoo whose main business is inventing and producing radial tire molds has already stepped into the area of industrial robots. What’s more. The company has clearer idea and faster pace to develop the business.

In 2010, Greatoo started to research automatic manipulator and develop the business of intelligent manufacturing like industrial robots, unit control systems, RV reducers, flexible production line and the dispatching systems of intelligent workshops.

In 2013, Greatoo increased the capital to 100 million yuan in the projects of industrial robots and the industrialization of the complete equipment of intelligent and automatic production line and set up the Business Division of Robots.

Besides, Greatoo introduced that the company has already organized professional education activities with Tsinghua University’s basic industries training center.

According to Greatoo’s annual report in 2014, the sales and production of intelligent manufacturing equipment increased to 200%. The company expressed it gradually expands the market of series of robotic products and has more and more orders from customers.

It’s worth mentioning that in 2014, the first automation line of industrial robots Greatoo designed for Zhongce Rubber Group Co.,Ltd came into use.

Men Chao, who is in charge of Greatoo’s national enterprise technology center, positively evaluated that in the future, Greatoo will bring out the automatic solutions for tire industries. With Greatoo as an example, many rubber industries will follow Greatoo.

Insiders thought that for rubber industries, robotic production lines have obvious advantages: saving costs and solve the problem of employment.

Besides, Greatoo has strategic cooperation with HEAVEN-SENT Capital Management Group Co.,Ltd in capital market, planning to have clearer ideas to merger and acquire foreign and domestic market and increasing the company’s operating efficiency, which will strengthen the company’s robotic business.