WillItSurvive
Robotics and industrial automation · subsidiary of Shenyang Institute of Automation, Chinese Academy of Sciences · China

Siasun Robot & Automation

siasun.com ↗

State-backed Chinese maker of industrial robots now pivoting into humanoid robotics.

Losing its protection
Assessed 24 July 2026 · Evidence as of 24 July 2026
The structural protection is eroding.
On the recordSince 24 July 2026 · Checkable from August 2026 · Every call on the record Checkpoint: H1 2026 earnings release: does the industrial-robot segment stop declining and does humanoid revenue appear
The call

Siasun's core robot business is shrinking while it bets on humanoids in a Chinese market already packed with well-funded rivals.

Siasun makes industrial robots and is trying to build humanoids, but its traditional robot business dropped nearly in half in the first half of 2025 while losses grew. It faces intense competition from newer Chinese rivals like UBTech and Unitree who are already shipping humanoids in much larger numbers, plus AI-powered software platforms like JAKA that make programming robots easier and cheaper, which cuts into Siasun's profits. The real test will come when Siasun reports actual humanoid sales numbers in the coming quarters, if they are as low as skeptics suspect, the company may be protected by government support but not by real market demand.

Why
01
AI pressure: JAKA (AI-native cobot platform). JAKA's AI-driven grasp learning threatens to undercut the programming labor margins Siasun's industrial arms depend on. Could AI do the core job? Only partly.
02
Bigger players: UBTech (U1 humanoid) and Unitree. UBTech has 13,000+ pre-orders for its U1 humanoid, launching into the same crowded China humanoid race Siasun just entered. Could a giant copy it? Probably.
03
What protects it. Status as a state-backed national robotics champion with deep government ties, patents, and an installed base across nearly half of Fortune Global 500 manufacturers.
What would change this call
Siasun's Q2/H1 2026 earnings show whether industrial-robot revenue decline stops or continues. Reveals if core business is stabilizing or still being displaced by rivals like JAKA.
Siasun reports actual humanoid unit shipments or OEM contracts, not just R&D announcements. Shows whether the humanoid pivot is generating real revenue or remains PR-only.
UBTech's U1 humanoid delivers on its 13,000+ pre-orders by mid-2026. Would confirm a domestic rival converting demand faster than Siasun in the same market.
Key numbers
  • FY2025 revenue CNY 4.12B, roughly flat YoY (2025-12-31)
  • FY2025 net loss CNY 398-440M, wider than FY2024 (2025-12-31)
  • Q1 2026 revenue down 8.42% YoY to CNY 630M (2026-03-31)
Named risks
  • Core industrial-robot segment revenue fell 46.1% in H1 2025 with no confirmed stabilization yet. Severity: high
  • FY2025 net loss widened to roughly CNY 398 to 440 million despite flat revenue. Severity: high
  • Humanoid pivot enters an oversaturated field of 140-plus domestic competitors and 330-plus models as of 2026. Severity: high
  • Thin analyst coverage (1 tracked analyst per Yahoo Finance, Sept 2025) with Sell rating on Investing.com increases sentiment volatility. Severity: medium
  • Headcount figures conflict across sources, suggesting data transparency issues for outside evaluators. Severity: low
Rivals, as read in July 2026
RivalDirectionEvidence
JAKAlosing toAI-native teach-free cobot platform erodes Siasun's programming-heavy segment, reported 2026
UBTechlosing toOver 13,000 pre-orders for U1 humanoid launched June 2026, outpacing Siasun's humanoid PR-stage launches
Estun, EFORT, Dobot, Elite Robotsgaining onDomestic peers cited alongside 46.1% collapse of Siasun's core industrial-robot segment, H1 2025
SamsungcontestingLaunched dedicated robotics division July 21, 2026, entering humanoid space Siasun just pivoted into
Unitree, Galbot, Noetix, Magic AtomcontestingPart of 140-plus domestic humanoid competitors and 330-plus models crowding China's 2026 market
Questions people ask
Is Siasun Robot & Automation profitable in 2026?
No. Siasun posted a widening net loss of roughly CNY 397.9 to 440 million for FY2025 (ended Dec 31, 2025), worse than FY2024, while revenue stayed nearly flat at about CNY 4.12 billion. Q1 2026 revenue also fell 8.42% year over year to CNY 630.34 million.
Could AI replace Siasun's robotics business?
Not entirely. AI threatens Siasun's teach-and-repeat programming and integration labor, where rivals like JAKA offer AI-native cobots with high grasp success from minimal training data. But Siasun's physical manufacturing, 737 patents (as of June 30, 2025), and state-linked customer relationships resist pure software replacement.
Is Siasun's core industrial robot business shrinking?
Yes. Siasun's industrial-robot segment revenue fell 46.1% in H1 2025 to CNY 270 million, even as automated assembly and system integration revenue rose 44.6% to CNY 739 million in the same period, showing a business mix shifting away from core robotics.
Who is Siasun's biggest competitor?
Domestically, Estun, EFORT, JAKA, Dobot and Elite Robots compete in industrial robots and cobots. In the crowded humanoid race, Siasun faces UBTech (over 13,000 U1 pre-orders as of June 2026), Unitree, Galbot, and newly entered Samsung, which launched a robotics division July 21, 2026.
Is Siasun state owned or state backed?
Siasun was spun out of the Shenyang Institute of Automation, Chinese Academy of Sciences, on April 30, 2000. Its largest shareholder, Shenyang Zhongke Tiansheng Automation Technology Co., an SIA-linked vehicle, held roughly 25.2% of shares as of September 30, 2025.
Has Siasun launched humanoid robots?
Yes. Siasun established its Embodied Intelligence Research Institute on April 30, 2025, and unveiled a humanoid family (Songxing, Songyi, RICO, dual-arm platform) at the August 2025 World Robot Conference, plus Rico MR73A/MR73B wheeled humanoids launched July 9, 2025.
Timeline
  • 2026-07-21Samsung launches dedicated Robotics division, new competitive entrant in humanoid space
  • 2026-06-01UBTech launches U1 humanoid, claims over 13,000 pre-orders
  • 2026-03-31Q1 2026 revenue CNY 630.34 million, down 8.42 percent year over year
  • 2025-12-31FY2025 revenue about CNY 4.12 billion, net loss widens to roughly CNY 398 to 440 million
  • 2025-08-01Siasun unveils humanoid robot family at World Robot Conference in Beijing
  • 2025-07-09Launches Rico MR73A/MR73B wheeled humanoids with 38 driving joints
  • 2025-06-30H1 2025 industrial-robot segment revenue falls 46.1 percent to CNY 270 million
  • 2025-04-30Establishes Embodied Intelligence Research Institute for LLM and humanoid R&D
  • 2024-12-31Founder Qu Daokui retires from executive role after 24-plus years
  • 2009-10-30IPOs on Shenzhen Stock Exchange ChiNext board as ticker 300024
Revision history
24 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
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