Venture(US:VEMLY) Zheng Quan Shi Bao Wang·2025-06-03 10:17Core Viewpoint - Sanrui Intelligent Technology Co., Ltd. is preparing for an IPO on the Shenzhen Stock Exchange, aiming to leverage its strong growth in the drone and robotics power system manufacturing industry, which has seen significant revenue increases and a robust product lineup [1][2][5]. Group 1: Financial Performance - The company projects revenues of 831 million yuan in 2024, with a compound annual growth rate (CAGR) of 51.59% from 2022 to 2024, achieving revenues of 362 million yuan in 2022 and 534 million yuan in 2023 [2]. - The net cash flow from operating activities has been positive for the years 2022 to 2024, with net profits increasing year-on-year during the same period [2]. Group 2: Market Position - Sanrui Intelligent ranks second in the global market share for civil drone electric power systems (excluding power batteries), following DJI, and is recognized as one of the most competitive companies in the industry [2]. - The company serves approximately 1,800 customers globally, with products sold in over 100 countries and regions across Asia, Europe, America, and Africa [2]. Group 3: Technological Strength - The company holds 13 core technologies with independent intellectual property rights, including integrated power module technology and thermal management efficiency optimization [3]. - As of April 30, 2025, Sanrui has 357 authorized domestic patents, 4 overseas invention patents, and 26 registered software copyrights, all related to its main business [3]. Group 4: Product Portfolio - Sanrui has developed a diverse product matrix with over 300 products across more than 50 series in the drone electric power system sector, applicable in various fields such as agriculture, industrial inspection, and emergency rescue [4]. - In the robotics power system sector, the company offers over 60 products across more than 10 series, achieving significant breakthroughs in humanoid robots and exoskeletons [4]. Group 5: Future Plans - The company plans to raise approximately 769 million yuan through the IPO to enhance production capacity, invest in R&D, and upgrade information technology and smart warehousing [5]. - Sanrui aims to expand its product matrix and improve product performance while focusing on long-term development in the power system industry [6].