{
  "rows": [
    {
      "company": "Shanghai STEP Electric",
      "hq_country": "China",
      "website": "https://en.stepelectric.com/",
      "status": "active",
      "what_it_builds": "Shanghai STEP Electric Corporation (上海新时达电气股份有限公司, SZSE 002527; controlled by Haier Group since 2025) makes industrial robots, motion control and servo drives, with elevator control as its legacy core. Its humanoid line is wheeled: the 'Xinda' (新达) wheeled humanoid, about 1.7 m tall with dual-arm, multi-camera and AGV chassis, is deployed at Haier's Chongqing refrigerator factory for door-hinge lubrication, material handling and inspection. On 29 Dec 2025 it launched the SYNDA R1, which it calls an industrial embodied-intelligence robot; the company says its embodied range has wheeled and bipedal humanoid lines.",
      "what_it_builds_source": "https://finance.sina.com.cn/roll/2025-12-29/doc-inhenrqi0026630.shtml",
      "founded_year": "1995",
      "founded_source": "https://www.stepelectric.com/Introduction.html",
      "funding_usd": "120796654",
      "funding_basis": "public company",
      "funding_source": "http://vip.stock.finance.sina.com.cn/corp/view/vISSUE_RaiseExplanationDetail.php?stockid=002527&id=639569",
      "funding_note": "Only one completed equity raise is summed: the 2010 SZSE A-share IPO, listed 2010-12-24 (qianzhan listing date), 50,000,000 shares at CNY 16 = CNY 800,000,000 gross (10jqka and the listing-document search snippet give net about CNY 761.09m; gross used per brief). Converted at PBOC central parity 6.6227 CNY/USD for 2010-12-31, the nearest published rate I could open; the 2010-12-23 rate was not retrieved, so this is not the announcement-date rate. No pre-IPO rounds found. Excluded: (1) Haier's CNY 2.5bn purchase of a controlling stake (Yicai, 2025-02-17), which is secondary share purchases from founders (66.3m shares at CNY 19.61) and does not go to the company; (2) planned 152.5m-share private placement to Haier Cosmoplat at CNY 7.99 (about CNY 1.2185bn, Yicai reports it as 'raised'), not completed: the April 2026 supplementary legal opinion still treats it as pending. Valuation date is 2026-11-03 close.",
      "latest_funding_date": "2010-12-24",
      "valuation_usd": "997077173.72",
      "latest_model": "SYNDA R1 (industrial embodied-intelligence robot); the wheeled humanoid 'Xinda' (新达) is the robot in the Haier deployment",
      "latest_model_year": "2025",
      "latest_model_source": "https://finance.sina.com.cn/stock/t/2025-12-29/doc-inhenmhm0092405.shtml",
      "units_shipped": null,
      "units_shipped_source": null,
      "units_shipped_note": "No published humanoid shipment or delivery count found. The only figure in the 29 Dec 2025 launch coverage is an annual capacity of 10,000 industrial robots, which is capacity and not shipments; the Haier deployment coverage gives no unit count.",
      "as_of": "2026-11-04"
    }
  ],
  "sources": [
    "https://finance.sina.com.cn/roll/2025-12-29/doc-inhenrqi0026630.shtml",
    "https://finance.sina.com.cn/stock/t/2025-12-29/doc-inhenmhm0092405.shtml",
    "https://finance.sina.com.cn/tech/roll/2025-10-24/doc-infuykxq8558707.shtml",
    "https://www.stepelectric.com/Introduction.html",
    "https://en.stepelectric.com/",
    "https://www.yicaiglobal.com/news/chinese-factories-opt-for-wheels-over-legs-as-humanoid-robots-fall-out-of-favor/",
    "https://www.yicaiglobal.com/news/haier-acquires-industrial-robot-manufacturer-step-electric-for-usd345-million-latter-hitting-daily-limit-up",
    "http://vip.stock.finance.sina.com.cn/corp/view/vISSUE_RaiseExplanationDetail.php?stockid=002527&id=639569",
    "https://stock.qianzhan.com/hs/gongsixinxi_002527.sz.html",
    "https://www.pbc.gov.cn/zhengcehuobisi/125207/125217/125925/2929357/2849595/index.html",
    "https://quote.cfi.cn/quote11435_002527.html",
    "https://wise.com/us/currency-converter/usd-to-cny-rate"
  ]
}