极智嘉通过港股上市聆讯：业绩持续高速增长，亏损大幅收窄

Core Viewpoint - Beijing Jizhi Technology Co., Ltd. (referred to as "Jizhi") is seeking to list on the Hong Kong Stock Exchange (HKEX) to expand its global business and attract foreign investment, having previously planned an IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board [1][3]. Company Overview - Jizhi was established in February 2015, with a registered capital of approximately 1.159 billion RMB. The main shareholders include VERTEX GROWTH FUND PTE.LTD. and NHTV Swarm Company (Hong Kong) Limited [3][4]. - The company is led by Zheng Yong, who serves as the Executive Director, Chairman, and CEO, along with other executives including Li Hongbo (CTO) and Liu Kai (VP) [4]. Business Model and Market Position - Jizhi provides Autonomous Mobile Robot (AMR) solutions aimed at enhancing warehousing and industrial handling scenarios. As of 2024, it has become the largest global provider of warehousing fulfillment AMR solutions, delivering approximately 56,000 units to over 40 countries and regions [5][6]. - The company holds a 9.0% market share in the global warehousing fulfillment AMR solutions market and about 1% in the global warehousing automation solutions market [5]. Financial Performance - Jizhi's revenue for 2022, 2023, and 2024 was approximately 1.452 billion RMB, 2.143 billion RMB, and 2.409 billion RMB, respectively. The gross profit for the same years was about 256 million RMB, 659 million RMB, and 837 million RMB, while net losses were approximately 1.567 billion RMB, 1.126 billion RMB, and 831 million RMB [5][6][8]. - The company's AMR solutions revenue accounted for 85.9%, 99.1%, and 99.7% of total revenue in 2022, 2023, and 2024, respectively [8]. - Revenue from markets outside mainland China contributed significantly, with figures of approximately 1.021 billion RMB, 1.647 billion RMB, and 1.737 billion RMB, representing 70.3%, 76.8%, and 72.1% of total revenue [9].