Innovation Empowers Embodied Intelligence: SSE-listed Companies Promote Industrial Transformation In Multiple Dimensions

Translated from Economic Information Daily, by Zhang Wen

In 2024, companies listed on the Shanghai Stock Exchange (SSE-listed companies) demonstrated strong R&D capabilities, with total R&D spending exceeding one trillion yuan—accounting for nearly 40% of all corporate R&D expenditure nationwide. Among them, the total R&D investment of physical enterprises on the SSE Main Board was about 920 billion yuan, which had doubled in five years; 723 companies invested more than 100 million yuan in R&D, and the R&D investment of 831 companies continued to grow, providing impetus for industrial upgrading. At a time when embodied intelligence has become a new engine for industrial upgrading, SSE-listed companies are constantly breaking through core technologies and launching innovative products with their technological accumulation and R&D investment.

Core technologies lead the development of embodied intelligence industry

In the field of embodied intelligence, many companies have shown their strengths. With the accumulation of mechanical sensor technology, Keli Sensing Technology (Ningbo) Co., Ltd. has launched six-dimensional force sensors such as the robot "tactile nerve", which uses advanced decoupling technology to reduce the inter-dimensional coupling error to less than 1.0%. Will Semiconductor Co., Ltd. Shanghai is dedicated to innovation in the field of image sensors. Its products such as OG09A10 use a number of advanced technologies for high-speed machine vision, and its performance in high-end smartphones and automotive autonomous driving has increased by more than 20%. Shanghai Moons' Electric Co., Ltd. has conquered core technologies in the robot joint module, and the performance of its coreless motor has reached the international advanced level, showing significant advantages in both domestic and foreign markets.

Continuous investment builds a solid foundation for embodied intelligence industry

R&D investment is the cornerstone of technological innovation. From 2020 to 2024, the R&D expenses of Shanghai Moons' Electric Co., Ltd. increased from 152 million yuan to 242 million yuan, and the proportion of investment increased to more than 10%. The R&D expense ratio reached 10.14% in the first quarter of 2025. In the past two years, Keli Sensing Technology (Ningbo) Co., Ltd. has invested a total of about 20 million yuan in sensor R&D in the field of embodied intelligence, accounting for about 10% of its total R&D investment. It has also established a full-time team of robot sensors to support R&D by relying on the supply and manufacturing system of the entire industry chain.

Wide application promotes the transformation of embodied intelligence industry

Embodied intelligence technology has a wide range of applications and far-reaching impact. The six-dimensional force sensor of Keli Sensing Technology (Ningbo) Co., Ltd. optimizes industrial robot movements and assists medical rehabilitation. The image sensor of Will Semiconductor Co., Ltd. Shanghai has expanded its share in the smartphone and automotive autonomous driving fields, and its automotive image sensor products ranked second in global market share in 2024. Wolong Electric Group Co., Ltd. cooperates with Commercial Aircraft Corporation of China, Ltd. and other parties in the field of electric aviation. Relevant products are mainly used in urban air transportation, emergency rescue, logistics and transportation scenarios.

SSE-listed companies lead the upgrading of the embodied intelligence industry through core technology breakthroughs, continuous R&D investment and extensive market applications, promote the deep integration of this technology with various industries, and inject new momentum into high-quality economic development.

The above information is provided for reference purposes only and does not constitute investment advice.