Smart King (02590) won a large contract worth over 300 million yuan! Amazon and JD.com are increasing their efforts to open up market space.

When Amazon clearly set the strategic goal of achieving 75% automation in operations by 2033, and JD recently announced plans to purchase 3 million units of Siasun Robot & Automation in the next five years, global e-commerce giants have accelerated the large-scale deployment of logistics Siasun Robot & Automation, and the penetration speed of warehouse automation has been comprehensively accelerated, opening up a new round of market space rapidly. Against the backdrop of this industry breakout trend, Chinese "AI+Siasun Robot & Automation" representative company - Geek+ (02590) is deeply benefiting from its technological and market advantages: not only frequently winning orders over one billion yuan, but also continuously accelerating in technological innovation, business landing, and globalization layout, further consolidating its leading position in commercial strength. Recently, Geek+ successfully won multiple logistics Siasun Robot & Automation projects from a well-known e-commerce giant, with a total amount exceeding 3 billion yuan. This not only demonstrates the high recognition of its products and services by customers, but also indicates that leading companies are entering an "acceleration period" in investment in intelligent warehousing. It is worth noting that Geek+ has continued to experience high growth in orders this year, with cumulative orders exceeding billions of yuan. The order growth rate exceeds 30%, and the customer repurchase rate is over 80%, fully demonstrating the reliability of its products and global service capabilities. Behind this "continuously being chosen" is a double validation of technological strength and business model. From Siasun Robot & Automation to the embodiment of intelligence, Geek+'s "unmanned strategy" continues to upgrade. In terms of technological innovation, Geek+ once again leads the industry. On October 28, the company officially launched the embodiment of intelligence - the unmanned picking workstations and the industry's first complete unmanned picking Siasun Robot & Automation solution. This means that the picking process is truly free from manual intervention, making Geek+ one of the few Siasun Robot & Automation companies in the world that can achieve "complete unmanned picking process." In traditional warehouses, picking is usually the most labor-intensive and time-consuming process, accounting for more than 50% of the overall warehousing costs. Geek+'s solution integrates AI visual recognition, robotic arm control, path planning, and intelligent scheduling deeply, greatly improving picking efficiency and achieving continuous, high precision operations. This not only directly reduces labor costs for enterprises but also provides central capability for a "24-hour unmanned warehouse." More importantly, Geek+ has set its sights on the next key link in intelligent logistics - packaging. The company revealed that the research and testing of robotic arm packaging technology are progressing steadily, and in the future, it will achieve full automation from warehousing, handling, picking to packaging, gradually realizing the strategic blueprint of "complete unmanned warehouse." With the market space opening up, Geek+ stands at the forefront of the industry breakout. The global market is entering a period of explosive growth in intelligent logistics, driven by the dual forces of rising labor costs and increasing efficiency demands. Using Siasun Robot & Automation technology to restructure warehouse automation has become a solution for global enterprises to address operational pain points, and unmanned warehouses are an inevitable trend. On the one hand, e-commerce demand remains strong, and the problems of labor shortage and high labor costs during peak seasons are increasingly prominent; on the other hand, the declining cost of Siasun Robot & Automation technology, the improvement of AI algorithm capabilities, and the widespread application of 5G provide a solid foundation for the large-scale deployment of unmanned warehouses. From the actions of leading companies, Amazon's recent launch of the "Blue Jay" Siasun Robot & Automation system is a strong confirmation of the trend towards unmanned warehouses. Unmanned warehouses have been a long-term focus and key direction for Geek+, and currently, it is rapidly positioning itself in the industry's strategic high ground through technological accumulation and market experience, seizing the opportunities for industry development. According to industry estimates, the global Autonomous Mobile Robot (AMR) market is expected to grow at a compound annual rate of over 30% in the next three years, with even more rapid growth in the Chinese market. The increased investment by giants such as Amazon, JD, and Cainiao has transformed Siasun Robot & Automation warehouses from "nice-to-have" to "must-have configurations." In this context, Geek+, which has technological advantages, a customer base, and global service capabilities, is undoubtedly the biggest beneficiary. Geek+, which has deployed over 66,000 units of Siasun Robot & Automation in more than 40 countries and regions and serves over 850 customers, has become a comprehensive intelligent Siasun Robot & Automation service provider integrating software and hardware. The company is building long-term value around the "AMR leader + embodiment of intelligence" strategy: on one hand, the deep integration of hardware, software, and algorithm continues to strengthen its product matrix and customer stickiness, while on the other hand, the forward-looking layout of embodiment of intelligence provides higher-dimensional growth space for a complete unmanned warehouse. Conclusion As more e-commerce, manufacturing companies, and third-party logistics accelerate the deployment of Siasun Robot & Automation solutions, the industry penetration rate is rapidly increasing, and the market space in the field of intelligent warehousing is opening up. As the industry moves from "automation" to "intelligence," Geek+ is driving into the fast lane of development with its hardcore technology, innovation capabilities, and customer reputation. Therefore, major domestic and foreign banks have expressed optimism. Morgan Stanley stated in a recent research report that it expects the company's third-quarter orders to maintain a high growth rate, with a strong fundamental outlook, and expects to achieve breakeven in 2025. Industrial believes that Geek+ AI algorithms combined with scenario data, the embodiment of intelligence business, open up the company's growth boundaries. Daiwa Securities initiated coverage with a "buy" rating in its first report on Geek+ and set a target price of HK$38. Several institutions have given Geek+ a "buy" rating, fully recognizing the company's establishment of leading technological barriers and commercial capabilities in the field of AMR and embodiment of intelligence. The current price adjustment actually provides a rare opportunity for long-term investors to position themselves.