SIASUN(SZ:300024) Jing Ji Guan Cha Wang·2025-10-05 05:41Core Viewpoint - Beijing Yunji Technology Co., Ltd. is accelerating its listing process on the Hong Kong Stock Exchange, having passed the hearing in just 10 days, and is expected to become the first "robot service intelligent body" listed on the exchange, marking a significant step into the international capital market [2] Company Overview - Founded in 2014, Yunji Technology focuses on the research and commercialization of robot service intelligent bodies, primarily targeting the hotel sector with products for delivery, reception, and food service [6] - The company has launched three generations of delivery robots, covering over 34,000 hotels globally, with a peak daily online presence of 36,000 units and over 500 million cumulative services [6] Technology and Product Development - Yunji Technology has achieved a key transition from single-function robots to customized scenarios and complex intelligent coordination, establishing a core competitive advantage in "embodied intelligence + AI" [4] - The company's intelligent applications include HDOS, a virtual assistant with various functionalities, and YJ-Platform, which integrates HDOS into existing workflows [4] Market Position and Financial Performance - As of 2023, Yunji Technology holds a 9% global market share and a 12.2% domestic market share in the hotel service robot sector, ranking first in the industry [7] - The company's revenue for 2022, 2023, and 2024 is projected to be 161 million, 145 million, and 245 million yuan respectively, with a compound annual growth rate of 23.2% [6] - The net loss is expected to decrease from 365 million yuan in 2022 to 185 million yuan in 2024 [6] Future Growth Potential - The Chinese robot service intelligent body market is projected to grow to 13.5 billion yuan by 2029, with a compound annual growth rate of 29.3% from 2024 to 2029, indicating a high growth potential for the company [7] - The company has completed eight rounds of financing, raising a total of 1.202 billion yuan from various investors, including Alibaba and Tencent [7]