仙工智能IPO：报告期连续亏损 反馈意见需说明新增股东入股价格合理性

Core Viewpoint - XianGong Intelligent has received feedback from the Securities Regulatory Commission regarding its overseas listing, requiring clarification on the reasonableness of the share prices for new shareholders and potential conflicts of interest. The company has reported continuous losses from 2022 to 2024, despite being a leading global manufacturer of robot controllers [2][6]. Group 1: Company Performance - XianGong Intelligent is recognized as the largest intelligent robot company focused on control systems, integrating global supply chain resources to provide comprehensive solutions for robot development and usage [3]. - The company has ranked first in global robot controller sales for two consecutive years (2023-2024) and has established the world's first large-scale open platform for intelligent robots [3]. - The company has reported losses for three consecutive years, with losses of 32.26 million RMB in 2022, 47.70 million RMB in 2023, and 42.31 million RMB in 2024 [3][4]. Group 2: Financial Metrics - Revenue for 2022 was 184.32 million RMB, projected to increase to 249.02 million RMB in 2023 and 339.32 million RMB in 2024, reflecting a growth rate of 35.1% and 36.3% respectively [4][5]. - Gross profit margins were 46.8% in 2022, increasing to 49.2% in 2023, but expected to decline to 45.9% in 2024 [4][5]. - The company’s operating cash flow was negative in 2024, with a net cash flow from operating activities of -24.96 million RMB [5]. Group 3: Regulatory Feedback - The Securities Regulatory Commission has requested additional information regarding the company's technology export activities and compliance, as well as the rationale behind the share prices of new shareholders [6]. - The company is also required to clarify the compliance of its implemented equity incentive plans, including the relationships of participants with other stakeholders and the fairness of pricing [6]. Group 4: Future Plans - The funds raised will be used to advance research and development in cutting-edge AGI and embodied intelligence technologies, build a multifunctional center for R&D and operations, and invest in the robot industry chain [7]. - The company aims to establish a global sales system to enhance market share and support international business growth, focusing on brand awareness and customer support networks [7].