翼菲科技报考港股上市：营收增长、持续亏损，多名股东临场退出

Company Overview - Zhejiang Yifei Intelligent Technology Co., Ltd. (referred to as "Yifei Technology") has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, with Agricultural Bank of China International as the sole sponsor [1][3] - Yifei Technology is a comprehensive industrial robotics company focused on the design, research and development, manufacturing, and commercialization of industrial robots, providing integrated robotic solutions primarily in the light industry sector [3][4] - The company was established in June 2012 and is ranked fifth among domestic suppliers of industrial robots and related solutions focused on the light industry in China, according to a Frost & Sullivan report [3] Financial Information - Yifei Technology's registered capital is approximately RMB 55.09 million, with major shareholders including Zhang Sai and CBC Broadband Capital [3][4] - The company has undergone multiple rounds of financing since its inception, raising a total of RMB 1.4 billion in E-round financing in March 2025 and RMB 1.04 billion in Pre-IPO financing in May 2025 [5][6] - Revenue figures for Yifei Technology for the years 2022, 2023, and 2024 are approximately RMB 162.21 million, RMB 201.17 million, and RMB 268.01 million, respectively, with corresponding gross profits of RMB 43.25 million, RMB 36.87 million, and RMB 71.02 million [10][11] Ownership Structure - Zhang Sai, the founder, controls approximately 25.07% of the voting rights in Yifei Technology, including direct holdings and interests through partnerships [4][5] - The company has seen changes in its shareholder structure, with several investors exiting and new ones entering during recent financing rounds [8][10] Business Performance - The primary revenue sources for Yifei Technology include robotic solutions and robotic bodies, with revenues from robotic solutions accounting for approximately 95.0%, 87.2%, and 79.2% of total revenue in 2022, 2023, and 2024, respectively [11] - The company reported net losses of approximately RMB 57.55 million, RMB 111.06 million, and RMB 71.50 million for the years 2022, 2023, and 2024 [10][12]