Smooth Integration Of Cloos Allows Accelerated Penetration Into High-end Market Management shared upbeat guidance on its CNC system and motion control/servo system business, as well as the robust order wins ytd by its Cloos brand. Riding on the robust sales momentum, Estun is now targeting to become one of the tier-1 industrial robots brands by 2025. Estun sees limited pressure from supply shortages and cost hikes, and surprisingly managed to raise its ASP to partially pass through the costs. Maintain BUY with a higher target price of Rmb44.60.