EFORT

埃夫特 / 埃夫特智能机器人股份有限公司

A Chinese industrial-robot maker transitioning toward embodied intelligence, supplying robot arms and factory-automation systems for automotive and general manufacturing.

SSE: 688165 (STAR Market, A shares)
Profile as of September 14, 2026
#139 in the AsiaAI Tech Index
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EFORT is attempting to move from conventional industrial automation toward embodied intelligence. Its assets are a domestic robot platform and automotive integration experience, but its central constraint is that greater unit volume and AI investment have not yet protected pricing, revenue, or profitability amid intense competition.

Key figures

Revenue FY2025: 932.1294 million Chinese yuan
Revenue growth FY2025: -32.12%
Operating margin FY2025: Not disclosed
Net income FY2025: Loss of 497.0 million Chinese yuan
R&D spend FY2025: 194.1965 million Chinese yuan
Capital expenditure FY2025: Not disclosed
Market capitalization 2026-09-14: 7.58 billion Chinese yuan Estimate
R&D share of revenue FY2025: 20.83%
Robot-business sales volume growth FY2024: More than 30%
Robot bodies revenue share FY2026 market-data classification: 68.52%

Overview

EFORT is a Wuhu-based industrial-robot maker founded in 2007. It sells industrial robot bodies and core components, while also delivering manufacturing-system integration for automotive and other industrial customers.

Its practical differentiation is its combination of robot-body design, selected core components, application engineering, and systems integration. It can sell a robot arm or configure a complete welding, painting, assembly, logistics, or conveying line. This matters in automotive installations where engineering, commissioning, and service are part of the purchasing decision.

The AI angle

EFORT’s AI relevance is primarily in embodied intelligence and industrial automation. Its products include six-axis industrial robots, SCARA robots, collaborative robots, welding robots, painting robots, palletizing robots, and robot-based production systems.

The company’s stated embodied-intelligence work centers on robot technology foundations, skill libraries, robot operating-system capabilities, and development tools. The commercial route to AI revenue is therefore through intelligent-robot bodies and integrated factory applications that can use machine perception, motion control, and embodied-AI software. AI exposure is not reported as a distinct revenue share.

EFORT matters most in the edge AI and enterprise applications layers because its industrial robot bodies and integration systems are the physical layer through which embodied-AI functions can enter factory workflows.

Technology and moat

The harder-to-copy elements of EFORT's business are accumulated application know-how, safety and quality qualification in automotive production lines, integration engineering, customer-site commissioning, and software-motion-control integration. These are meaningful barriers for a new entrant, but they do not establish an exclusive technical position comparable with the proprietary controller ecosystems and global installed bases of top-tier international suppliers.

Its embodied-intelligence strategy could improve product differentiation if it produces repeatable robot skills, lower deployment costs, and reliable factory applications. However, it remains early-stage from an investor perspective because AI-related revenue, customer adoption, and product economics are not separately disclosed.

Five-pillar assessment

Scale and market position: A domestic Chinese industrial robot maker with meaningful volume but facing intense price competition and declining revenue.
Technology and R&D: Differentiated by application engineering and systems integration, but lacks the proprietary controller ecosystems of top-tier international rivals.
Supply-chain centrality: Serves automotive and industrial customers, relies on imported advanced automation components, and is backed by Wuhu municipal capital.
Financial momentum: Weakening near-term trajectory with a 32.12% revenue decline in FY2025, widening net losses, and negative operating cash flow.
Governance and quality: Publicly listed on the STAR Market with state-influenced ownership and concentrated executive authority under a combined Chairman and General Manager.

Supply chain and relationships

EFORT depends on servomotors, reducers, controllers, electrical-control components, machine vision, industrial software, sensors, semiconductors, and machining capacity. Named critical upstream suppliers are not disclosed, but its dependence on imported or internationally supplied high-performance motion-control and industrial-control components remains structurally relevant.

Its systems-integration business serves automotive customers, including overseas original-equipment manufacturers, with welding, riveting, logistics, conveying, painting, and general-automation production lines. Public reporting does not identify named major robot customers or quantify revenue from specific AI or humanoid-robot customers.

Customers

JD.comStrategic cooperation covering intelligent unmanned-warehouse AGVs and industrial robots

Partners

JD.comStrategic cooperation covering intelligent unmanned-warehouse AGVs and industrial robots

Competitors

FANUCInferredCompetes in industrial robot arms and automotive automation
ABBInferredCompetes in industrial robotics and automation systems
KUKAInferredCompetes in automotive and general-industrial robotics
Yaskawa ElectricInferredCompetes in industrial robot bodies and motion-control-driven automation
Estun AutomationInferredCompetes in China's industrial-robot market
Inovance TechnologyInferredCompetes in industrial automation and domestic robotics
Siasun Robot & AutomationInferredCompetes in industrial robots and intelligent-manufacturing systems
STEP ElectricInferredCompetes in domestic industrial automation and robotics

Geopolitics and risk

EFORT's primary geopolitical risk stems from its reliance on imported advanced automation components and software. Tighter export controls on industrial software, high-performance semiconductors, automation components, or robot-related technology could raise costs, delay supply, or constrain access to overseas equipment.

Additionally, the company faces regional exposure through its European systems-integration business, which saw a sharp revenue decline in FY2025 as automotive customers delayed investment and reduced budgets.

Risk matrix
Risk	Severity	Why it matters
China industrial-robot price competition	High	Industry competition and low-price strategic orders reduced realized pricing and gross margin.
European automotive investment slowdown	High	European systems-integration revenue fell about 53.60% in FY2025 as customers delayed projects.
Embodied-AI commercialization risk	High	AI-related revenue is not separately disclosed and the company remains loss-making despite rising R&D.
Imported-component exposure	Medium	Industrial robots depend on advanced reducers, servos, controllers, sensors, and semiconductors.
Export-control escalation	Medium	Tighter controls could raise costs or constrain access to overseas equipment.
Automotive-sector concentration	Medium	Demand is sensitive to vehicle-platform investment cycles and factory-capex delays.
Project-execution and working-capital risk	Medium	Turnkey integration projects have longer delivery cycles and can create cash-flow risk.
State-linked shareholder and policy exposure	Medium	Wuhu-linked investment entities are significant shareholders, increasing exposure to industrial-policy priorities.

Governance and ownership

EFORT is a Shanghai STAR Market listed company without a weighted voting-rights structure. Its board leadership combines the Chairman and General Manager roles in You Wei, which concentrates strategic and executive authority in one person.

The company is state-influenced rather than wholly state-owned. Wuhu-linked investment entities are significant historical shareholders, which can support strategic alignment but can also increase exposure to industrial-policy priorities and related governance scrutiny.

What to watch

Whether FY2026 robot-body revenue recovers despite the FY2025 pricing reset.
Whether the European systems-integration business resumes project delivery.
Whether embodied-intelligence R&D produces separately disclosed products, customer deployments, orders, or revenue.
Whether the proposed Shengpu acquisition receives regulatory clearance and closes.
Whether operating cash flow improves after FY2025 net operating cash outflow.

Recent developments

August 19, 2026Disclosed a revised proposal to acquire 100% of Shengpu Co., Ltd. for approximately 1.07 billion Chinese yuan.
April 14, 2026Released its FY2025 annual report, reporting revenue of 932.1294 million Chinese yuan and a net loss of 497.0 million Chinese yuan.
June 12, 2025Stated that its FY2024 robot-business sales volume grew by more than 30%.

Coverage on AsiaAI.FYI

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About this profile

Compiled with AI-assisted research from company filings, market data, and published reporting as of September 14, 2026, then reviewed by AsiaAI.FYI. Figures marked Estimate are not company-reported. Check primary filings before relying on any number.

Confidence: B. Core FY2025 revenue, net loss, and R&D figures are company-reported, but full FY2025 segment revenue, named customers and suppliers, and standard operating margin are not disclosed in the cited extracts.

Main sources: EFORT FY2025 annual report and summary; Shanghai Stock Exchange issuer profile; EFORT investor-relations records; FY2025 performance report; Market-data sources.

All 60 sources

Position in the AI stack

Supplies the physical industrial robots and factory-automation systems through which embodied-AI functions can enter factory workflows.

Legal name: EFORT Intelligent Robot Co., Ltd.
Formerly: Efort Intelligent Equipment Co., Ltd.
Headquarters: Wuhu, China
Founded: 2007
Leadership: You Wei / 游玮, Chairman and General Manager
Employees: 1,198 (2024-12-31)
Ownership: Publicly listed
Listings: SSE: 688165 (STAR Market, A shares)
Business: Industrial robots and systems integration
Sector: Industrial Automation & Robotics
Website: efort.com.cn