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专精农业无人机,极飞科技向港交所提交上市申请
Guan Cha Zhe Wang·2025-09-25 14:29

Company Overview - Guangzhou XAG Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with Huatai International as the exclusive sponsor [1] - XAG Technology has a strong focus on smart agriculture and drone technology, particularly in agricultural automation [3] Market Presence - XAG's distribution network covers 1,007 counties in China and its products are available in 70 countries and regions globally, with 466 farms utilizing XAG's smart agriculture solutions [3] - The company achieved a 100% year-on-year growth in overseas market performance in 2024, with overseas revenue accounting for approximately 30% to 40% of total revenue [6] Financial Performance - XAG's revenue for the years 2022, 2023, and 2024 was approximately 605 million RMB, 614 million RMB, and 1.066 billion RMB, respectively, with a profit and total comprehensive income of -254 million RMB, -133 million RMB, and 70.4 million RMB for the same periods [9] - As of June 30, 2025, the company reported a profit of 130 million RMB [9] Industry Position - XAG is ranked second in the global agricultural robot and agricultural drone markets with market shares of 10.7% and 17.1%, respectively [9] - The global agricultural drone market is projected to grow from $4.98 billion in 2023 to $23.78 billion by 2032, with a compound annual growth rate of 18.5% from 2024 to 2032 [9] Future Outlook - The agricultural drone market in China is expected to exceed 2.6 billion operational acres in 2024, creating a market scale of approximately 13 billion RMB in the aerial protection service industry [10]