Siasun revenue climbs, boosted by high-tech and global expansion

** Siasun Robot & Automation (SZSE:300024) reported FY2024 revenue of CNY 4.13 billion, a 4.33% increase, while reporting a total asset value of CNY 11.99 billion. Amid global economic uncertainty, Siasun's growth reflects strategic investment in high-growth areas like semiconductors, new energy, and automotive, as well as successful expansion into international markets. FY2024 saw continued investment in R&D (CNY 301 million), resulting in 752 patents. Siasun is committed to high-tech and innovative practices, including implementation of new accounting standards as of 2024. Several key management positions also transitioned, reflecting internal corporate structure and culture changes. Key international initiatives included expansions to new facilities in Europe, Southeast Asia, and North America. Despite a FY2024 net loss attributable to shareholders of CNY 193.68 million, Siasun is committed to becoming a globally competitive leader in automation solutions.