Zheng Quan Shi Bao Wang·2025-12-10 00:56Company Overview - Woan Robotics has submitted a listing application to the Hong Kong Stock Exchange, with Cathay Securities and Huatai International as joint sponsors [1] - According to a Frost & Sullivan report, Woan Robotics is the largest AI-enabled home robot system provider globally, with a market share of 11.9% based on retail sales in 2024 [1] - The company focuses on AI-enabled home robot systems, integrating research and development, production, and sales across various household applications such as smart control, household chores, smart housekeeping, elderly care, security, and energy management [1] Product Innovation - Woan Robotics has launched several innovative products, including the SwitchBot Bot in 2017, SwitchBot Curtain in 2020, SwitchBot Lock in 2022, and the commercialized enhanced mobile robot SwitchBot S10 in 2023 [1] - As of November 30, 2025, the company holds 312 global patents, including 56 invention patents [1] User Engagement and Market Reach - The SwitchBot App has over 3.5 million registered users, with more than 10.7 million connected devices [1] - Woan Robotics products are sold in over 90 countries and regions, available in more than 2,000 offline retail stores, with approximately 55.9% of registered users connecting two or more products [1] Industry Growth - The global smart home market is projected to grow from 1,000.5 billion yuan in 2024 to 1,462.4 billion yuan by 2029 [2] - The global home robotics market is expected to expand from 257.7 billion yuan in 2024 to 436.5 billion yuan by 2029 [2]