乐动机器人冲击港股IPO

Core Viewpoint - Shenzhen Ledong Robot Co., Ltd. has submitted its IPO application to the Hong Kong Stock Exchange, reporting over 200 million yuan in losses over the past three years, with a significantly lower gross margin compared to peers [1][2] Group 1: Company Overview - Ledong Robot is a leading global full-stack intelligent robot company based on perception intelligence, focusing on visual perception technology [1] - The company aims to have over 6 million intelligent robots equipped with its visual perception technology by 2024, positioning itself as the largest in this sector [1] Group 2: Financial Performance - In 2024, Ledong Robot's revenue from visual perception products reached 341 million yuan, more than doubling year-on-year, accounting for 73.02% of total revenue [2] - The gross margin for visual perception products is only 15.2%, significantly lower than competitors such as Opto and Obit, which have gross margins of 42% and 64%, respectively [2] - Revenue figures for Ledong Robot from 2022 to 2025 (first half) are as follows: 234 million yuan, 277 million yuan, 467 million yuan, and 386 million yuan, with corresponding gross margins of 27.3%, 25.7%, 19.5%, and 25.4% [2] - Cumulative losses over three years exceed 212 million yuan, with annual losses of 73.13 million yuan, 68.49 million yuan, 56.48 million yuan, and 13.78 million yuan [2]