SIASUN(SZ:300024) Sou Hu Cai Jing·2025-12-04 10:31Core Viewpoint - Cloud-based technology company Yunji Technology officially listed on the Hong Kong Stock Exchange on October 16, 2025, becoming the "first stock of robotic service intelligence" and viewing the listing as a "new starting point" rather than an endpoint [2][5]. Company Overview - Yunji Technology has developed a culture of "self-use" where products are first utilized internally, allowing employees to provide feedback for continuous improvement [5][6]. - The company has deployed its robots in 331 administrative regions across China, covering over 34,000 hotels, 150 hospitals, and numerous factories and commercial buildings, completing over 500 million service instances in 2024 [6]. Innovation and Development - The company emphasizes user value and practical problem-solving rather than showcasing technology for its own sake [5][10]. - Yunji Technology has iterated its robot chassis design 18 times to meet industry standards and has embraced 4G technology to ensure continuous connectivity for its robots [7][9]. - The company is transitioning from a hardware-centric model to an integrated solution provider that combines hardware, software, and data [12]. Market Expansion - Yunji Technology initially focused on the hotel sector but has expanded into hospitals, factories, and retail, with a future focus on community services [10][13]. - The company is actively pursuing international markets, particularly in Southeast Asia and the Middle East, using Hong Kong as a strategic base for expansion [13]. Technological Advancements - The company is shifting its technology focus from "laser radar" to "vision-based" systems, significantly reducing training costs and enabling more complex operations [10][11]. - Yunji Technology has accumulated a substantial patent portfolio, including 405 invention patents, 327 utility model patents, and 253 design patents, reflecting its commitment to continuous innovation [14]. Future Vision - The company is developing "general operational intelligence" for robots, enabling them to perform complex tasks such as grabbing, placing, and cleaning [15]. - The goal is to scale and commercialize these capabilities, integrating robots into everyday life to solve real-world problems [15][16].