SIASUN(SZ:300024) 智通财经网·2025-12-02 00:49Core Viewpoint - Shenzhen Ledong Robotics Co., Ltd. has submitted its application for listing on the Hong Kong Stock Exchange, with Haitong International and Guotai Junan International as joint sponsors [1]. Company Overview - Ledong Robotics is a leading global full-stack intelligent robotics company based on perceptual intelligence, focusing on visual perception technology and providing a comprehensive range of intelligent robotics applications and products [3]. - The company is projected to have over 6 million intelligent robots equipped with its visual perception technology by 2024, making it the largest in the world in this sector based on projected revenue [3]. Business Growth Drivers - The primary growth driver for the company is its visual perception technology and products, which form a comprehensive product matrix, including innovative laser radar products [3]. - The intelligent lawn mower segment is emerging as a secondary growth driver, with the company successfully developing and mass-producing fully intelligent lawn mower products [3]. International Expansion - The company is strategically expanding its overseas operations, establishing R&D and production bases in Shenzhen and Suzhou, and setting up operational centers in Singapore, Hong Kong, and Germany, along with production partnerships in Vietnam [4]. Client and Market Reach - Ledong Robotics has established close partnerships with over 300 robotics and related companies, reaching end-users in more than 50 countries and regions [6]. - The company has a strong client retention rate, with net revenue retention rates of approximately 113.0%, 145.0%, and 169.0% for the years 2023, 2024, and the first half of 2025, respectively [6]. Financial Performance - The company reported revenues of approximately 234 million RMB, 277 million RMB, 467 million RMB, and 386 million RMB for the years 2022, 2023, 2024, and the first half of 2025, respectively [7]. - Gross profits for the same periods were approximately 63.9 million RMB, 71.1 million RMB, 91.3 million RMB, and 98.3 million RMB [8].