JAKA

节卡机器人 / 节卡机器人股份有限公司

A Chinese collaborative-robot manufacturer developing edge-AI and embodied-intelligence systems for factory automation and physical workflows.

Private company
Profile as of September 14, 2026
Not ranked: no published revenue or market capitalisation
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JAKA offers a credible industrial-automation platform with significant deployment experience in China. However, its terminated IPO, negative adjusted profitability, and intense competition from global and domestic robotics vendors present substantial risks.

Key figures

Revenue FY2024: RMB400.4 million
Revenue growth FY2024: 14.55%
Operating margin FY2024: Not disclosed
Net income FY2024: RMB6.2 million
R&D spend FY2024: RMB86.2 million (21.53% of revenue)
Capital expenditure FY2024: Not disclosed
Latest private valuation Pre-IPO (before May 2023): RMB3.5 billion
Robot-system revenue share FY2024: 93.47%
Authorized patents December 2025: 321
Collaborative-robot capacity 2022: 5,000 units

Overview

JAKA Robotics was founded in 2014 and operates as a mainland Chinese manufacturer of collaborative robots and industrial automation systems. The company provides lightweight robotic arms, wireless control systems, and end-to-end application configurations for factory workflows. Its products are deployed across automotive, electronics, precision processing, and food packaging industries for tasks such as welding, machine tending, and flexible assembly.

JAKA has expanded its footprint beyond China, establishing subsidiaries in Japan, Germany, Malaysia, and the United States to capture international demand. Despite its growth and a planned IPO on the Shanghai STAR Market, the company withdrew its listing application in December 2025 and remains a private entity controlled by founder Li Mingyang. Its core business model focuses on providing integrated hardware and software solutions that enable manufacturers to automate complex physical tasks without requiring extensive robotics expertise.

The AI angle

JAKA participates in the AI value chain at the physical automation layer, translating perception and control into physical work on production lines. Its core offerings include the JAKA EVO industrial embodied-intelligence platform, machine-vision components, and force-control tools that enable adaptive grasping and AI-assisted task planning.

AI demand reaches JAKA through factory automation spending rather than data-center capital expenditure. Manufacturers adopting edge AI for industrial processes purchase its integrated robot systems to automate complex workflows. While JAKA does not supply AI compute, foundation models, or cloud infrastructure, its collaborative robots serve as the critical edge devices that execute AI-driven decisions in physical environments. Robot-system business accounted for 93.47% of its FY2024 revenue, demonstrating its reliance on hardware deployments. The company's AI relevance is therefore narrower and more cyclical than that of direct AI-compute suppliers, as it depends heavily on factory capital-expenditure cycles and the broader adoption of smart manufacturing technologies.

Technology and moat

JAKA's defensibility stems from its accumulated integration knowledge across industrial applications rather than a single differentiated semiconductor or AI-model asset. Deploying a robot arm requires complex integration with tooling, safety systems, motion programs, vision calibration, and programmable logic controllers. This application-specific deployment experience creates switching friction for existing customers.

The company supports its technology base with 321 authorized patents and participation in 26 industry standards as of December 2025. Its comparative advantage in China relies on local manufacturing, cost positioning, and end-to-end deployment support. However, standard collaborative-robot hardware is not structurally scarce, and JAKA faces intense competition from global incumbents with larger installed bases and broader third-party developer ecosystems. Catching up requires a rival to replicate safety validation, controller performance, and customer qualification experience.

Five-pillar assessment

Scale and market position: A growing Chinese collaborative-robot vendor with tens of thousands of deployments globally, though smaller than established industrial robotics incumbents.
Technology and R&D: Strong integration capabilities, 321 authorized patents, and an emerging embodied-intelligence platform, but lacks exclusive core AI or semiconductor IP.
Supply-chain centrality: Secured deployments with major manufacturers like Toyota, Schneider Electric, and SAIC Motor, supported by a network of over 300 partners.
Financial momentum: Achieved 14.55% revenue growth in FY2024, but faces negative adjusted profitability, rising customer receivables, and a terminated IPO.
Governance and quality: Founder-controlled private company with limited transparency following the withdrawal of its Shanghai STAR Market IPO application.

Supply chain and relationships

JAKA depends on a supply chain of industrial components, including servo motors, reducers, encoders, controllers, machine-vision components, and force sensors. The company does not publicly disclose its specific current component suppliers, exposing it to potential risks if access to advanced electronic or motion-control inputs is restricted.

Downstream, JAKA sells to major industrial and automotive manufacturers. It publicly names Toyota, Schneider Electric, CRRC, Luxshare Precision, and SAIC Motor as customers or users of its systems. The company also relies heavily on distribution and systems-integrator relationships, such as its partnership with automation solutions distributor Jinhe, to deploy its robots in factory environments. If JAKA ceased shipping, customers would need to replace cobot arms and controllers, likely turning to competitors like Universal Robots or ABB.

Customers

ToyotaIndustry leader using JAKA robot solutions
Schneider ElectricIndustry leader using JAKA robot solutions
CRRCMajor automotive and parts customer
Luxshare PrecisionIndustry customer using JAKA robot solutions
SAIC MotorIndustry customer using JAKA robot solutions
Xingyu Automotive Lighting SystemsMajor customer in automotive components

Partners

JinheDistributor providing integrated automation solutions

Competitors

Universal RobotsInferredGlobal reference competitor in collaborative robots
ABBInferredCompetes in industrial and collaborative robots
FANUCInferredCompetes in industrial robot deployment
KUKAInferredCompetes in integrated production-line automation
AUBO RoboticsInferredMainland Chinese collaborative-robot supplier
Elite RobotsInferredMainland Chinese collaborative-robot supplier
Techman RobotInferredCompetes in vision-integrated collaborative robotics
Han's RobotInferredCompetes in Chinese collaborative robots

Geopolitics and risk

JAKA's primary geopolitical exposure involves export controls and component access. Because industrial robots rely on advanced motion-control, sensing, and electronic inputs, broader restrictions on technology exports to China could raise costs, lengthen qualification cycles, or limit access to critical components.

The company is actively expanding overseas, with operations in Japan, Germany, Malaysia, and the United States. This international footprint requires navigating diverse regulatory environments, including product-safety, cybersecurity, and data-governance requirements across different jurisdictions. Overseas growth also demands local service capacity and product certification to compete effectively against established Japanese and European robotics suppliers. JAKA must balance its ambitions for global market share against the complexities of operating cross-border service networks.

Risk matrix
Risk	Severity	Why it matters
Collaborative-robot competition	High	Operates in a crowded market with established global and domestic competitors.
Low and volatile profitability	High	FY2024 adjusted net income was negative, leaving little margin for pricing pressure.
Customer receivables	High	Accounts receivable reached 40.84% of FY2024 revenue.
IPO financing loss	Medium	Terminated STAR Market IPO removes planned funding for capacity and R&D.
Export controls and component access	Medium	Restrictions could limit access to advanced electronic and motion-control inputs.
Overseas-market execution	Medium	International growth requires local service capacity and product certification.
Manufacturing-cycle exposure	Medium	Factory capital-expenditure slowdowns can defer robot purchases.
Regulatory and data-security exposure	Medium	Cross-border operations face diverse cybersecurity and data-governance rules.

Governance and ownership

JAKA is an independent private company with no controlling shareholder. Founder and chairman Li Mingyang serves as the legal representative and actual controller. The company has received backing from financial investors including Temasek, CITIC Capital, and Hejun Group.

Governance transparency is limited compared to listed peers. JAKA filed for an IPO on the Shanghai STAR Market, but the exchange cancelled its scheduled review hearing in August 2025. The company and its sponsor officially withdrew the application in December 2025, removing a planned source of public capital and reducing the availability of regular audited financial disclosures.

What to watch

Whether JAKA files a new IPO application in another market following its STAR Market termination.
Whether FY2025 and FY2026 revenue maintains double-digit growth.
Whether net income excluding non-recurring gains turns sustainably positive.
Whether the JAKA EVO industrial embodied-intelligence platform produces measurable revenue.
Whether overseas subsidiaries convert distribution footprints into disclosed international sales growth.
Whether the company identifies major component suppliers to clarify its supply chain.

Recent developments

December 31, 2025Reported 321 authorized patents and 26 industry standards established.
December 19, 2025JAKA and its sponsor withdrew the STAR Market IPO application.
August 7, 2025Shanghai Stock Exchange cancelled the scheduled IPO review hearing.
June 30, 2025STAR Market IPO materials updated with FY2024 financial data.
May 2025Held the 2025 Global Ecosystem Partner Conference.

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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. Financial data and corporate identity are well sourced from IPO filings, but current private ownership, component suppliers, and post-2024 financials are weak.

Main sources: Shanghai Stock Exchange IPO filing and inquiry materials; JAKA corporate profile and product information; JETRO foreign-investment reporting; Company funding announcement.

All 35 sources

Position in the AI stack

Supplies collaborative robots, vision systems, and embodied-intelligence platforms that execute AI-driven physical tasks at the industrial edge.

Legal name: JAKA Robotics Co., Ltd.
Headquarters: Shanghai, China
Founded: 2014
Founders: Li Mingyang
Leadership: Li Mingyang, Founder, Chairman, Legal Representative, and Actual Controller
Employees: More than 500
Ownership: Private company
Business: Collaborative robots and industrial embodied intelligence
Sector: Industrial Automation & Robotics
Website: jaka.com