SIASUN(SZ:300024) Zheng Quan Ri Bao Wang·2025-09-29 07:45Core Insights - Weiyi Intelligent Manufacturing Technology Co., Ltd. has submitted its IPO application to the Hong Kong Stock Exchange, with Dongfang Financing as the sole sponsor [1] - Established in 2018, the company specializes in industrial embodied intelligent robots, aiming to reshape the future of manufacturing through advanced technology [1] - Weiyi Intelligent has achieved significant market recognition, being the largest supplier of industrial embodied intelligent robots in China by 2024 revenue, and has been listed in Forbes' Top 50 AI Technology Companies in China [1] Financial Performance - The company has experienced rapid revenue growth, with total revenue projected to increase from 220 million yuan in 2022 to 600 million yuan in 2024, representing a compound annual growth rate (CAGR) of 64.7% [2] - The flagship product, the "Industrial Embodied Intelligent Robot," is a key growth driver, with revenue expected to surge from 33.8 million yuan in 2022 to 270 million yuan in 2024, reflecting a CAGR of 183.4% [2] - Weiyi Intelligent has achieved profitability in 2024 and the first half of 2025, distinguishing itself in a capital-intensive industry due to its high gross margin exceeding 50% and low deployment costs [3] Market Expansion - The company has successfully served over 25 Fortune 500 companies and leading international manufacturers, addressing critical industry challenges across various sectors, including 3C electronics, automotive manufacturing, new energy, fast-moving consumer goods, and semiconductors [2] - Weiyi Intelligent is expanding its overseas business, targeting markets in the United States, Germany, Portugal, Japan, Singapore, and Malaysia, while maintaining its leadership position in the Chinese market [2] - By June 30, 2025, the company aims to expand its client base to 200 across various industries, establishing a robust and diversified customer foundation [2] Use of IPO Proceeds - The net proceeds from the IPO will be allocated to core technology research and development, enhancing the intelligence and performance of the industrial embodied intelligent robot products [3] - Funds will also be used to establish localized overseas sales and service networks, deepen global business layouts, and pursue strategic investments and acquisitions to create an open and win-win application ecosystem [3] - Additionally, the proceeds will support the expansion of production capacity and serve as operational funds for general corporate purposes [3]