Roborock(SH:688169) Zhong Guo Jing Ying Bao·2025-06-21 20:37Core Viewpoint - Stone Technology plans to issue shares overseas and list on the Hong Kong Stock Exchange to expand financing channels and optimize its capital structure, aiming to support its business expansion and enhance financial stability [2][4] Financing and Market Conditions - The company aims to leverage the Hong Kong market for broader financing opportunities, which is seen as a favorable listing window due to recent market recovery and supportive government policies [2][5] - Stone Technology's revenue is projected to grow steadily from 66.29 billion yuan in 2022 to 119.45 billion yuan in 2024, with a significant increase of 86.22% in Q1 2025 compared to the same period last year [2][3] Business Performance - In 2024, Stone Technology reported a revenue of 119.45 billion yuan, a 38% increase year-on-year, while net profit decreased by 3.64% to 19.77 billion yuan [3] - The company sold 3.45 million robotic vacuum cleaners in 2024, achieving a 32.9% year-on-year growth, holding a 16% market share globally, ranking second after iRobot [5][6] Strategic Goals - The listing is expected to enhance global brand recognition and competitiveness, allowing the company to tap into international markets and attract diverse investors [4][6] - Stone Technology plans to deepen its global strategy, diversify its product offerings, and strengthen supply chain integration to improve operational efficiency and profitability [6][7] Product and Service Development - The company aims to innovate and expand its product range beyond robotic vacuums and washing machines to include other smart appliances, enhancing user experience through advanced technology [6][7] - Emphasis will be placed on brand building and service quality to increase customer loyalty and trust, alongside a commitment to data security and privacy protection [7][8]