博铭维递表港交所 5家股东以相对低价退出

Core Viewpoint - Shenzhen Bomengwei Technology Co., Ltd. has submitted an application to the Hong Kong Stock Exchange, showing continuous revenue growth from 2022 to Q1 2025, despite a significant increase in trade receivables and notes receivable, which exceeded 30% of total assets by the end of Q1 2025 [1][4]. Financial Performance - Bomengwei's revenue for the years 2022, 2023, 2024, and Q1 2025 was 162 million, 214 million, 249 million, and 62 million respectively, with profits of 22.39 million, 30.64 million, 40.15 million, and 10.046 million respectively [4]. - The revenue contribution from the robotics and AI platform business decreased from 73.8% in 2022 to 53.4% in Q1 2025 [5]. Shareholder Activity - Prior to the IPO application, Bomengwei raised approximately 1.8 billion yuan in a private placement, while several shareholders exited the company, with three shareholders' share transfer prices reflecting valuations of only a few hundred million yuan [3][9]. - Notable investors include Shenzhen Zhengxuan Investment Co., Ltd., which has been involved since 2015, holding 12.50% of shares, and Shenzhen Zhengxuan Qianhai Growth Technology Investment Fund, holding 2.94% [6][8]. Stock Structure Changes - On August 26, 2025, Bomengwei conducted a share issuance, increasing its registered capital from 44.1318 million to 44.3784 million yuan, with a valuation of approximately 1.8 billion yuan [9]. - Several shareholders, including Zhijing Kechuang and Lihua Huari, opted to exit before the IPO, with share transfer prices significantly lower than the recent private placement valuation [10][11].