Jinbei Auto: Robot Assembly Revenue Reaches 500,000 Yuan, Remains Negligible

Jinbei Automotive (600609) issued an announcement on Nov. 10 about abnormal trading in its shares, seeking to clarify the scale and scope of its robot-related business after market attention focused on the sector.

The company said its subsidiary Jinzhi Variable Robot Technology (Shenyang) Co. provides robot product assembly services to Variable Robot Technology (Shenzhen) Co. Core components for the service are purchased externally, and Jinbei mainly handles the assembly step rather than core component development or patented technology.

Jinbei added that the product design, core research and development, and patent technologies for the robot products all rely on Variable Robot. The assembly business has generated revenue of 500,000 yuan so far, a very small share of the company’s overall revenue, with limited impact on its performance.

The disclosure underscores that Jinbei’s role in the robotics supply chain is currently limited to assembly, while the partner controls key technology. For investors, the main takeaway is that robot-related revenue remains negligible and is unlikely to materially change the company’s business structure in the near term.