Core Viewpoint - Beijing Jizhi Technology Co., Ltd. (Jizhi) aims to become the world's first publicly listed company focused on autonomous mobile robots (AMR) for warehousing, despite years of continuous losses [1][2] Group 1: Company Overview - Jizhi was established in 2015 and is headquartered in Beijing, specializing in one-stop warehousing robot solutions using advanced robotics and AI technology to enhance logistics efficiency across various industries [1] - The company has maintained its position as the largest global provider of AMR solutions for six consecutive years, with approximately 56,000 AMRs delivered to over 40 countries and around 800 end customers, including 63 Fortune 500 companies [1] Group 2: Financial Performance - From 2021 to 2023, Jizhi reported revenues of 790 million yuan, 1.452 billion yuan, and 2.143 billion yuan, with growth rates of 83.90% and 47.57% in 2022 and 2023, respectively [2] - The net losses for the same period were -1.05 billion yuan, -1.567 billion yuan, and -1.127 billion yuan, with adjusted net losses of -763 million yuan, -815 million yuan, and -444 million yuan [2] - In the first half of 2024, revenue growth slowed significantly to 4.63%, with revenue of 782 million yuan compared to 747.81 million yuan in the same period of 2023, while net loss narrowed to -550 million yuan [2] Group 3: Business Strategy and Market Position - Jizhi attributed the revenue decline in the first half of 2024 to a reduction in its Robotics as a Service (RaaS) business line, which previously generated significant income [2] - The company has reduced its R&D expenses, which contributed to the narrowing of losses in 2023 and the first half of 2024, with R&D spending consistently lower than sales and marketing expenses [3] - Despite being the leading AMR solution provider globally with a market share of 6.0%, Jizhi's lead over the second competitor is only 0.4 percentage points, indicating a fragmented market with relatively low technological barriers [3]
IPO雷达｜极智嘉港股IPO获备案，三年多累亏超40亿元，营收增速骤降，研发投入缩减
Sou Hu Cai Jing·2025-06-17 04:29