SIASUN(SZ:300024) 智通财经网·2025-12-16 23:14Core Viewpoint - Woan Robotics (Shenzhen) Co., Ltd. is preparing for its IPO on the Hong Kong Stock Exchange, with Cathay Securities and Huatai International as joint sponsors [1]. Company Overview - Woan Robotics is a global provider of home robot systems, focusing on markets in Japan, Europe, and North America, aiming to build an ecosystem centered around smart home robot products [4]. - The company offers a wide range of home robot categories designed for various household scenarios, including enhanced execution robots, perception and decision systems, and other smart home products and services [4]. Product Innovation and R&D - The company has launched multiple innovative products in the home robot system industry, establishing a strong intellectual property portfolio with 311 patents, including 56 invention patents, as of December 11, 2025 [5]. - A significant portion of the workforce, 43.4%, is dedicated to R&D, with R&D expenses projected to account for approximately 20% of the company's revenue from 2022 to 2024 [5]. Market Presence and User Engagement - Woan Robotics has a robust global presence, with over 3.5 million registered users on the SwitchBot App and more than 10.8 million devices connected to the app [6]. - The company's products are available in over 2,000 offline retail stores worldwide, demonstrating strong consumer loyalty and brand positioning [7]. Financial Performance - The company's revenue for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, are approximately CNY 275 million, CNY 457 million, CNY 610 million, and CNY 396 million, respectively [8]. - The net profit/loss for the same periods shows a trend from a loss of CNY 86.98 million in 2022 to a projected profit of CNY 27.9 million in 2025 [9].