SIASUN(SZ:300024) Jin Rong Jie·2025-12-19 02:31Group 1 - The company, Woan Robotics, officially launched its global public offering on December 18, with plans to list on the Hong Kong Stock Exchange on December 30, aiming to raise approximately HKD 1.8 billion by offering 22.22 million H shares at a price range of HKD 63 to HKD 81 per share [1][5] - The IPO has received support from several cornerstone investors, who collectively subscribed to approximately HKD 700 million of the offering shares, with notable contributions from Hillhouse's HACF at USD 30 million, Cithara at USD 20 million, and others [3] - Woan Robotics, founded in 2015 by alumni of Harbin Institute of Technology, positions itself as a global provider of AI-enabled home robotics systems, covering various household scenarios with a product matrix that includes smart control, housekeeping, elder care, and energy management [3][4] Group 2 - The company is recognized as the largest AI-enabled home robotics system provider globally, holding an 11.9% market share according to a report by Frost & Sullivan, and is the only company with a comprehensive range of home robot categories [3] - Financial projections indicate revenue growth from CNY 275 million in 2022 to CNY 610 million in 2024, with a compound annual growth rate of 49.0%, and a year-on-year revenue increase of over 44% to CNY 396 million in the first half of 2025 [4] - The net proceeds from the IPO are expected to be approximately HKD 1.505 billion, with plans to allocate about 66.5% for R&D enhancement, 19.8% for expanding sales channels and brand recognition, 3.8% for repaying bank loans, and the remaining 10% for general operational expenses [5]