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Estun Automation (S
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 4 suppliers, 6 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
2015 IPO prospectus (招股说明书), risk-factors section on supplier concentration. Delem (Netherlands, est. 1976) supplies the CNC control units for the shearing/bending-machine numerical-control systems that were Estun's core product line pre-robotics-pivot — Estun's largest supplier by far in every disclosed period, non-related-party. Historical baseline, not a claim about current sourcing; Estun's 2019 CLOOS acquisition and shift toward servo/robotics post-dates this filing.
2015 IPO prospectus top-5 customer table. Estun's
English rendering of 爱克（苏州）机械有限公司 is the prospectus's own transliteration convention, not independently confirmed against an English-language corporate record.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
Every exposure is read as a buyer dependency; the top 2 are its binding chokepoints.
As a buyer, policy pressure across its consumed materials is flat.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.