SIASUN(SZ:300024) 2 1 Shi Ji Jing Ji Bao Dao·2025-09-29 10:19Core Viewpoint - Weiyi Intelligent Manufacturing Technology Co., Ltd. (Weiyi) has submitted its prospectus to the Hong Kong Stock Exchange for a main board listing, aiming to capitalize on its position as a leading supplier of industrial embodied intelligent robots in China [1][2]. Financial Performance - Weiyi's revenue has grown rapidly from 221 million yuan in 2022 to an expected 600 million yuan in 2024, reflecting a compound annual growth rate (CAGR) of 64.7%. In the first half of 2025, revenue surged by 187% to 412 million yuan compared to the same period in 2024 [3]. - The company achieved profitability in 2024 and the first half of 2025, with operating profit increasing from a loss of 91.31 million yuan in 2022 to 56.39 million yuan in 2024, and reaching 43.40 million yuan in the first half of 2025 [3]. Product Lines and Growth - Weiyi has three main product lines: EIIR products, AI-enabled intelligent products, and modular products. The high-value EIIR products, with a gross margin exceeding 50%, have become the core growth driver, with their revenue share increasing from 15.3% in 2022 to 53.6% in the first half of 2025 [4]. - Revenue from EIIR products grew from 34 million yuan in 2022 to 2.718 billion yuan in 2024, with a CAGR of 183.4% [4]. Technological Advancements - Weiyi aims to address the limitations of traditional robotic arms by developing industrial embodied intelligent robots that integrate perception, driving, control, algorithms, and cloud services. This innovation allows for highly flexible and generalized products that can be deployed quickly [6]. - The company has successfully implemented solutions in various industries, achieving significant improvements in efficiency and quality, such as reducing processing time from 70 minutes to 18 minutes in a specific application [6]. Market Expansion - Starting in 2025, Weiyi plans to expand its overseas business, targeting markets in Europe and North America, and has already served over 25 Fortune 500 companies and international industry leaders [7].