Core Viewpoint - OneRobotics (Shenzhen) Co., Ltd. is set to launch its global IPO on December 30, 2023, on the Hong Kong Stock Exchange, with a strong cornerstone investor lineup securing over HKD 700 million in subscriptions, representing 50% of the offering [1] Group 1: Company Overview - OneRobotics is recognized as the world's largest provider of AI embodiment home robot systems, driven by its robust technological foundation and deep research background from Harbin Institute of Technology [4] - The company has developed three major AI embodiment technology systems, including robot positioning and environment construction, AI machine vision control, and distributed neural control network technology, applicable across various product scenarios [2] Group 2: Product Innovations - The company has launched groundbreaking products such as Acemate, the world's first AI tennis robot, which has been recognized as one of the best inventions by TIME magazine for 2025 [4] - Another notable product is Kata Friends, the first locally deployed large model AI companion robot, which has won multiple innovation awards [5] - OneRobotics is also developing a humanoid household robot aimed at performing complex household tasks, with the first product expected to launch in January 2026 [7] Group 3: Financial Performance - OneRobotics has achieved significant revenue growth, with projected revenues exceeding RMB 600 million in 2024 and a compound annual growth rate (CAGR) of 49% from 2022 to 2024 [8] - The company turned profitable in the first half of 2025, reporting a profit of approximately RMB 27.9 million, indicating a successful business model [8] - The gross margin reached 54.2% in the first half of 2025, reflecting strong product value and cost control [8] Group 4: Market Potential - The global household robot market is expected to reach approximately RMB 436.5 billion by 2029, with a CAGR of 11.1% from 2024 to 2029, driven by an aging population and increasing demand for home robots [9] - OneRobotics is well-positioned to benefit from this market expansion due to its technological advantages and proven product capabilities [9] Group 5: Future Growth Strategy - The company plans to allocate 66.5% of the IPO proceeds to enhance R&D capabilities, focusing on key technologies related to its AI embodiment home robot systems [10] - Other funds will be used to expand sales channels, increase brand awareness, and support general operational needs [10] - The IPO marks a significant milestone in the company's journey, showcasing a clear path driven by technology, product innovation, and sustainable profitability [10]