SIASUN(SZ:300024) Xin Lang Cai Jing·2025-10-08 06:14Core Viewpoint - Beijing Yunji Technology Co., Ltd. is launching an IPO to raise approximately HKD 660 million, focusing on AI-enabled robotic services and solutions for various applications, primarily in the hotel industry [3]. Company Overview - The company is offering 6.9 million shares at a price of HKD 95.6 per share, with the listing scheduled for next Thursday [3]. - Last year, the company generated revenue of HKD 240 million, representing a year-on-year increase of 68.6%, with a net loss of HKD 180 million, which is a 30% reduction compared to the previous year [3]. Revenue Breakdown - The majority of the company's revenue, approximately 83%, comes from the hotel sector, with last year's revenue from this segment amounting to HKD 200 million, reflecting a year-on-year growth of 47% [3]. Funding and Investment - The company has completed eight rounds of financing, attracting investments from notable firms such as Lenovo Capital, Alibaba, Tencent, and Ctrip [3]. - Post-IPO, it is expected that Lenovo Capital, Alibaba, Tencent, and Ctrip will hold approximately 3.8%, 2.65%, 8.18%, and 2.42% of the shares, respectively [3]. Use of Proceeds - The net proceeds from the IPO, estimated at HKD 590 million, will be allocated as follows: about 60% for enhancing R&D capabilities, around 30% for expanding commercialization efforts in China and abroad, and the remaining 10% for working capital and other general corporate purposes [3].