SIASUN(SZ:300024) Zheng Quan Shi Bao Wang·2025-09-29 07:14Core Viewpoint - Weiyi Intelligent Manufacturing Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming to become the first publicly listed company in the industrial embodied intelligence robotics sector in Hong Kong [1] Company Overview - Established in 2018, Weiyi Intelligent Manufacturing is a leading company in the domestic industrial embodied intelligence robotics market, developing products that can autonomously perceive, learn, make decisions, and execute complex tasks through a self-developed full-stack software and hardware system [1] - The company has achieved rapid growth and commercial scale, serving over 25 Fortune 500 companies and initiating overseas expansion into markets such as Portugal, the United States, and Germany, with plans to enter Japan, Singapore, and Malaysia by June 30, 2025 [1] Financial Performance - Total revenue increased from 221 million yuan in 2022 to 600 million yuan in 2024, representing a compound annual growth rate (CAGR) of 64.7%, with flagship product "industrial embodied intelligence robots" driving a CAGR of 183.4% [2] - The company has achieved profitability in 2024 and the first half of 2025, benefiting from a high gross margin exceeding 50% and low deployment costs associated with its industrial embodied intelligence robot product line [2] Industry Context - The industrial automation sector has faced significant bottlenecks, including high deployment costs, long debugging cycles, and a lack of flexibility, which have limited its penetration in the manufacturing industry [2] - The introduction of embodied intelligence into robotics allows for the integration of artificial intelligence, enabling robots to understand dynamic environments and adapt to complex tasks, thus opening up new market opportunities [2] Technological Innovation - Weiyi Intelligent Manufacturing has developed a comprehensive intellectual property portfolio with over 700 proprietary rights and has been recognized as a national key specialized "little giant" enterprise [3] - The company has received multiple prestigious awards for technological innovation and has been certified as "internationally leading" by the Ministry of Industry and Information Technology and the Ministry of Science and Technology in 2024 [3] Market Position - According to a report by ZhiShi Consulting, Weiyi Intelligent Manufacturing is the largest supplier of industrial embodied intelligence robots in China based on 2024 revenue [3] - The company has been included in Forbes' list of China's top 50 AI technology companies and ranked first in IDC's 2024 report on the market share of AI visual industrial robots in China [3] Funding and Future Plans - Weiyi Intelligent Manufacturing has completed multiple rounds of financing, with shareholders including various national funds and well-known investment institutions [3] - The net proceeds from the IPO will be used for core technology research and development, establishing localized overseas sales and service networks, strategic investments and acquisitions, expanding production capacity, and general corporate purposes [3]