Eston and BOE Sensors have a joint venture of 150 million yuan to deploy servo business

On November 19, 2025, Eston issued an announcement to disclose major cooperation: the company plans to sign an "Investment Cooperation Agreement" with Suzhou BOE Sensing Technology Co., Ltd.(referred to as Suzhou BOE Sensing) to jointly fund the establishment of a joint venture company to focus on servo related business. Deep cultivation and expansion in the field. This joint venture is not only a deep integration of the superior resources of both parties, but also targets the broad market space in the pan-semiconductor and display fields. It aims to make the servo business bigger and stronger through collaborative efforts and strengthen the competitive advantages of the industry.
According to the announcement, the joint venture company to be established by the two parties is tentatively named Suzhou BOE Drive Technology Co., Ltd.(ultimately based on the industrial and commercial registration name), with a registered capital of 150 million yuan.
根据公告，双方拟设立的合资公司暂定名为 "苏州京东方驱动技术有限公司"（最终以工商登记注册名称为准），注册资本达 15,000 万元。In terms of equity structure, Suzhou BOE Sensing invested 90 million yuan in cash, holding 60% of the joint venture company; Eston invested 60 million yuan in cash, accounting for 40% of the shares.
合资公司的业务定位清晰，将主营通用伺服产品、直线驱动产品、精密驱控产品 —— 这三类产品均为自动化设备领域的核心部件，广泛应用于泛半导体制造、显示面板生产、工业机器人等高端场景。It is noteworthy that after the establishment of the joint venture company, Eston also plans to sign the "Technology Licensing and Technical Services Agreement" with the company to provide the joint venture company with the technical licenses and supporting technical services required for production and operations, with the relevant transaction amount reaching 50 million yuan., providing solid support for the joint venture company's technology implementation and business development.
The core logic of this cooperation lies in the high complementarity between Eston and Suzhou BOE Sensing in the business field, forming a two-way enabling pattern of technology + resources.
此次合作的核心逻辑，在于埃斯顿与苏州京东方传感在业务领域的高度互补性，形成 "技术 + 资源" 的双向赋能格局。
从埃斯顿来看，公司长期专注于自动化核心部件及运动控制系统、工业机器人及智能制造系统，核心产品涵盖金属成形机床自动化完整解决方案、运动控制系统、机器人专用伺服系统等，在伺服技术研发、生产制造及工业场景应用方面积累了深厚的技术积淀与丰富的实践经验，能够为合资公司提供成熟的技术支撑与产业化能力。
而苏州京东方传感作为京东方全资子公司北京京东方传感有限公司控股的企业，背靠京东方在显示产业、物联网领域的庞大生态资源，其主营业务覆盖物联网技术服务、工业设计服务、集成电路芯片制造、通信设备制造等，在泛半导体、显示面板等领域拥有广泛的客户资源与市场渠道。Although judging from financial data, Suzhou BOE Sensing will still be at a loss from 2022 to 2024 (The operating income was 31.9227 million yuan, 126 million yuan, and 84.0334 million yuan respectively, and the net profit was-9.1216 million yuan, -39.5086 million yuan, and-57.803 million yuan respectively), but relying on BOE's industrial ecology, its resource integration capabilities and channel advantages in the target market are still significant.
双方的合作，将实现埃斯顿的 "技术硬实力" 与苏州京东方传感的 "产业资源优势" 深度融合，一方面让埃斯顿的伺服技术快速对接泛半导体、显示领域的核心需求，另一方面也为苏州京东方传感的业务布局注入高附加值的核心部件产品，形成协同发展的良性循环。
Regarding this joint venture, Eston made it clear that the core goal is to integrate the superior resources of both parties, carry out close cooperation on servo-related businesses, increase the sales scale of servo products between both parties in the pan-semiconductor and display fields, strengthen the competitive advantages of the industry, and jointly develop more A broad market space to make the servo business bigger and stronger.
对于此次合资，埃斯顿明确表示，核心目标是整合双方优势资源，针对伺服相关业务开展紧密合作，提高双方在泛半导体、显示领域的伺服产品销售规模，加强行业竞争优势，共同开拓更为广阔的市场空间，做大做强伺服业务。
从市场背景来看，随着泛半导体产业的快速发展与显示技术的持续迭代（如 TCL 华星等企业在印刷 oled、Micro-LED 等领域的技术突破与量产推进），高端伺服产品的市场需求正持续增长。As the core power source of automated production equipment, the servo system directly affects the operating accuracy and efficiency of the equipment. It is an indispensable key component in high-end scenarios such as pan-semiconductor manufacturing and display panel production.
此次双方成立合资公司，正是瞄准这一细分市场的增量机遇：借助苏州京东方传感在显示、泛半导体领域的渠道资源，快速打开伺服产品的市场销路;依托埃斯顿的技术优势，打造符合高端场景需求的高品质伺服产品，形成差异化竞争优势。Through this cooperation, the two parties are expected to accurately cut into high-growth segments in the highly competitive servo market, achieve rapid increase in sales scale, and at the same time promote the development of servo business towards higher quality and broader market space.