SIASUN(SZ:300024) Zhi Tong Cai Jing·2025-08-28 09:10Core Viewpoint - Shenzhen Bomengwei Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor [1]. Company Overview - Bomengwei Technology is a leading provider of special space robots for pipeline networks in China, offering comprehensive solutions that include robots, AI platforms, engineering technology solutions, and UV-cured repair hoses [4]. - The company ranks first among participants in the Chinese market for special space robots by revenue in 2024, according to a Frost & Sullivan report [4]. - Bomengwei Technology aims to provide full lifecycle robot and AI solutions for special spaces, covering various types of pipeline networks and critical nodes such as water treatment plants and pump stations [4]. Business Focus - The company has focused its R&D on two core areas: special space robots and AI intelligent algorithms, achieving rapid commercialization and launching several industry benchmark products [5]. - Bomengwei Technology has developed a vertically integrated value chain in the global special space robot industry, offering products and solutions that encompass detection, cleaning, repair, motors, AI, and UV-cured repair hoses [5]. - The company has expanded its business to 15 countries and regions, serving over 4,000 clients as of August 19, 2025 [5]. Financial Performance - The company reported revenues of approximately RMB 162.31 million, RMB 214.65 million, RMB 249.08 million, and RMB 62.36 million for the years ending March 31, 2022, 2023, 2024, and 2025, respectively [8]. - The net profits for the same periods were RMB 22.39 million, RMB 30.64 million, RMB 40.15 million, and RMB 10.05 million [8].