Harbin Institute of Technology is one of the earliest companies engaged in robotics research in China. It has a state key laboratory of "Robot Technology and Systems," and another robot company "Boss shares" has been listed in 2012. Liu Zhenjiang stated that in the early days of its establishment, Harbin City Government invested 100 million yuan in land and factory buildings to invest in HIT Robot Group, holding only 5% of the shares; Heilongjiang Provincial Government also contributed 100 million yuan to 5% of the shares. He said that this is to support the HIT Group in the future to obtain a higher premium in the capital market, to facilitate companies to introduce more social capital to participate in financing, the realization of the motherboard IPO or backdoor listing. Liu Zhenjiang said that as a new robot manufacturing company, HIT Robot Group has developed rapidly. He also said that in the future, he will continue to support the HIT Group in mergers with other small-scale robot companies to restructure and expand the overall size of the group. The White Paper of the Robotics Industry 2016 published by the Institute of Equipment Industry of the Cadillac Institute shows that the size of China's industrial robot manufacturers is generally small, with 90% of the companies being under 100 million yuan, even if the leading enterprise Shenyang Xinsong achieved sales revenue in 2015. It was 1.69 billion yuan, but it was still relatively small compared with similar international companies with sales revenues of more than 10 billion yuan, such as Yaskawa, Fanuc, and Kuka. Bai Xianglin, vice president of HIT Robot Group, also stated that the company is actively preparing for listing. According to him, in terms of Industry 4.0, the company’s production of intelligent lithium-ion battery production line technology is mature. The E-Jiao smart factory used in the pharmaceutical industry has already started production and can complete a set of standardized manufacturing systems for Chinese traditional medicines. In terms of machine R&D, Harbin Robot Group has established two drone companies responsible for R&D of industrial-grade drones for plant protection and police patrols. In terms of serving robots, the company’s food delivery robots have been put on the market. use. Currently, the HIT Robot Group has launched more than 20 types of high-tech products and has applied for more than 300 patents, attracting dozens of teams to join and developing more than 10 holding subsidiaries. Among them, Hagong Industrial Co., Ltd., Xiao Shentong Technology Co., Ltd., Tianyu Rehabilitation Medical Robot Co., Ltd., and Yixiang Innovative Technology have started mass production.
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