"机器人服务智能体第一股"云迹科技登陆港股，首日高开低走

Core Viewpoint - Yunji Technology has successfully listed on the Hong Kong Stock Exchange, becoming the fourth company under the specialized technology listing rules, and is recognized as the "first stock of robot service intelligence" [1] Group 1: IPO Details - Yunji Technology's IPO involved a global offering of 6.9 million shares at an issue price of HKD 95.6 per share, raising approximately HKD 660 million, with a net amount of about HKD 590 million [1] - The IPO was highly sought after, with the public offering being oversubscribed by 5,657.20 times and the international offering oversubscribed by 18.62 times [1] - On its first trading day, the stock opened up 49.37% but closed with a gain of 26.05%, and the following day saw a further decline of 11.2% [1] Group 2: Company Overview - Founded in 2014, Yunji Technology focuses on commercial service robots, primarily serving the hotel sector, with major clients including Marriott, InterContinental, and Hyatt [2] - The company holds a 13.9% market share in China's hotel service robot market, leading the industry as of 2023 [2] - By May 2025, Yunji Technology's robots are expected to be deployed in over 34,000 hotels and more than 150 hospitals globally [2] Group 3: Financial Performance - Yunji Technology achieved a compound annual growth rate (CAGR) of 23.2% in revenue from 2022 to 2024, with projected revenue of CNY 245 million in 2024 [2] - The company's gross margin improved from 24.3% to 43.5%, while losses have been narrowing year by year [2] - The revenue from non-hotel scenarios is rapidly increasing, with its share rising from 4.9% in 2023 to 17% in 2024, and new contracts in this area increased by 79.1% year-on-year [2] Group 4: Government Support and Ecosystem - The Hong Kong government played a significant role in Yunji Technology's listing process, actively introducing the advantages of Hong Kong in the AI and robotics sectors [2] - The company established its international headquarters and R&D center in Hong Kong shortly after the government's engagement [2] - The Hong Kong Innovation and Technology Bureau highlighted the growing trend of technology companies setting up operations in Hong Kong, showcasing the integration of capital markets with the real economy [3]