SIASUN(SZ:300024) Zheng Quan Shi Bao Wang·2025-06-02 13:13Core Viewpoint - Shenzhen Ledong Robotics Co., Ltd. has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, aiming to become a leading player in the intelligent robotics industry, particularly focusing on visual perception technology [1][2][3] Group 1: Company Overview - Founded in 2017, Ledong Robotics is a full-stack intelligent robotics company based on perception intelligence, specializing in visual perception technology and its applications across various intelligent robotics scenarios [1] - By 2024, Ledong Robotics is projected to be the largest intelligent robotics company globally based on visual perception technology, with over 6 million smart robots equipped with its technology [1][2] - The company has achieved the highest shipment volume of DTOF laser radar in the industry, exceeding 720,000 units in 2024 [1] Group 2: Growth Strategies - Ledong Robotics is actively developing a second growth curve through smart lawn mowers, leveraging its visual perception technology to penetrate markets in Europe, America, and Australia [2] - The first generation of smart lawn mowers is expected to achieve mass production in 2024, with sales projected to exceed 10,000 units in the first year [2] - The second generation of smart lawn mowers, incorporating AI models for scene recognition and boundary detection, is set for mass production in 2025, with steady monthly sales growth since early 2025 [2] Group 3: Financial Performance - The company's revenue from 2022 to 2024 is projected to grow from 234 million RMB to 467 million RMB, while net losses are expected to decrease from 73.13 million RMB to 56.48 million RMB during the same period [2] - Ledong Robotics has completed multiple rounds of financing, attracting investments from notable institutions, including a 1.79% stake held by a company controlled by Alibaba's CEO [2] Group 4: IPO Fund Utilization - The net proceeds from the IPO will primarily be used to enhance R&D in intelligent robotics visual perception technology, upgrade AI algorithms, and optimize product offerings [3] - Funds will also support brand building and international expansion to increase the global customer base and strengthen the company's position as a leading robotics firm [3] - Additional allocations include optimizing production capacity, exploring potential investments and acquisitions, and general corporate purposes [3]