大疆最强竞争对手拟赴港IPO！

Core Viewpoint - XAG Technology, a leading agricultural robotics company and a strong competitor to DJI, has officially submitted its listing application to the Hong Kong Stock Exchange, aiming to leverage international platforms for funding and global investor outreach [1][3]. Company Overview - XAG Technology was founded by a group of technology enthusiasts and has grown to become one of the top two agricultural robotics and drone companies globally [1]. - The company previously attempted to list on the Shanghai Stock Exchange's Sci-Tech Innovation Board in November 2021 but withdrew its application in May 2022 due to market conditions and strategic planning [1]. Market Position - According to Frost & Sullivan, XAG Technology holds a market share of 10.7% in the global agricultural robotics sector and 17.1% in the agricultural drone industry, ranking second in both categories [3][7]. - In China, XAG Technology's market share is 20.8%, also placing it second in the agricultural drone market [9]. Product Development - XAG Technology has expanded its product matrix to include agricultural unmanned vehicles, autonomous farming devices, and smart IoT solutions for farms, enhancing its capabilities in precision agriculture [6]. - The company has developed mobile applications for remote operation and real-time monitoring of its agricultural robots, creating a comprehensive solution for unmanned agricultural practices [6]. Financial Performance - XAG Technology's revenue increased from RMB 604.54 million in 2022 to RMB 614.50 million in 2023, with a projected growth to RMB 1.07 billion in 2024, marking a 73.4% increase [12]. - The company recorded a net loss of RMB 254.19 million in 2022, which narrowed to RMB 132.67 million in 2023, and is expected to achieve a net profit of RMB 70.41 million in 2024 [13]. Leadership and Shareholding - The founder and CEO, Peng Bin, has a significant influence on the company, holding 29.01% of the voting rights directly and an additional 13.95% through a controlled entity [16][18]. - Notable investors include SoftBank Vision Fund, which holds 12.86%, and other prominent firms such as Innovation Works and Baidu-related Baishan Investment [17]. Future Plans - The funds raised from the IPO will primarily be allocated to the research and development of agricultural robotics and the expansion of the global sales and service network [18].