SIASUN(SZ:300024) 智通财经网·2025-09-28 22:58Core Viewpoint - Tianjin Wangyuan Environmental Technology Co., Ltd. (Wangyuan Technology) has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities International as the sole sponsor [1] Company Overview - Wangyuan Technology is a rapidly growing global leader in the research, design, production, and marketing of pool cleaning robots, holding a strong brand value [4] - According to a report by Zhaoshang Consulting, the company ranks among the top three globally and first in China in terms of self-manufactured product shipment volume for pool cleaning robots as of 2024 [4] - The company is recognized as the pioneer and largest supplier of cordless pool cleaning robots globally [4] Product Offering - Wangyuan Technology offers a comprehensive range of pool cleaning robots, including cordless, corded, and handheld models, designed for cleaning pool floors, walls, and surfaces [4] - As of September 22, 2025, the company has 48 major models in its product lineup, featuring advanced technologies such as underwater acoustic positioning, AI vision, 3D modeling, autonomous navigation, and automatic debris collection [4] Market Reach - The company's pool cleaning robots have been shipped to 60 countries and regions worldwide [5] Financial Performance - Revenue figures for Wangyuan Technology are as follows: approximately 318 million RMB in 2022, 378 million RMB in 2023, 544 million RMB in 2024, and 379 million RMB for the first half of 2025 [5][6] - Profit figures for the same periods are approximately 97.9 million RMB, 60.8 million RMB, 70.5 million RMB, and 61.1 million RMB respectively [5][6] - The gross profit margin has shown an upward trend, increasing from 53.4% in 2022 to 65.2% in the first half of 2025 [6]