乐动机器人冲刺港股IPO “激光雷达”企业为何发力割草机器人？

Core Insights - Shenzhen Ledong Robot Co., Ltd. is pursuing an IPO in Hong Kong, primarily focusing on LiDAR technology while also expanding into the lawn mowing robot sector [1][4] Financial Performance - From 2022 to 2024, the company's total revenue increased from 233 million yuan to 467.3 million yuan, reflecting a compound annual growth rate (CAGR) of 41.4% [2] - Despite revenue growth, the company reported net losses of 73.1 million yuan, 68.5 million yuan, and 56.5 million yuan for the respective years [2] Product Offerings - Ledong Robot's LiDAR products include dToF LiDAR, triangulation LiDAR, solid-state linear LiDAR, single-point LiDAR, 3D structured light sensors, ultrasonic sensors, and four-eye matrix vision sensors [2] - The dToF technology, which measures distance by directly assessing the time of flight of light, is highlighted as a key feature of the company's offerings [2][3] Market Expansion - The company has positioned itself as the first provider to commercialize consumer-grade MINI dToF radar, targeting applications in household, commercial, and industrial robots [4] - In 2024, revenue from lawn mowing robots is projected to reach 23.27 million yuan, a significant increase from 63,000 yuan in 2023, accounting for 5% of total revenue [4] Industry Trends - The global lawn mowing robot market is expected to exceed $1.5 billion in 2024 and reach $3.9 billion by 2029, with a CAGR of 21% [5]