协作机器人越疆拟H回A 会选何种路径？

Core Viewpoint - The company YUEJIANG (2432.HK), known as the "first stock of collaborative robots," has completed its IPO counseling filing with the Shenzhen Securities Regulatory Bureau, aiming to enhance its competitiveness and achieve long-term development goals through an A-share listing plan [2][3]. Group 1: Company Overview - YUEJIANG was established on July 30, 2015, with a registered capital of 439.9554 million yuan [3]. - The controlling shareholder is Liu Peichao, who directly holds 21.79% of the company's shares and has control over 25.43% of the voting rights through partnerships [3]. - The company operates in the general equipment manufacturing industry (C34) [3]. Group 2: Financial Performance - In the first half of 2023, YUEJIANG reported a revenue of 153 million yuan, representing a year-on-year increase of 27.08%, while the net loss narrowed by 31.75% to 40.87 million yuan [4]. - For the year 2024, the company expects revenue to reach 374 million yuan, a year-on-year growth of 30.3%, with a net loss of 95.36 million yuan, which is a 7.6% reduction compared to the previous year [5]. Group 3: Business Developments - YUEJIANG has launched several new products, including the industrial-grade humanoid robot Dobot Atom and the consumer-grade robotic dog Rover X1 [6]. - The company has formed strategic partnerships with various firms, including a commitment from Lens Technology to purchase 1,000 humanoid robots by 2025 and a collaboration with Green Source Group to apply 5,000 robotic dogs in smart stores [6]. - YUEJIANG is also exploring innovative applications of robotics in vehicle cleaning and maintenance through a partnership with Cao Cao Mobility [6]. Group 4: Market Position and IPO Plans - YUEJIANG's stock price reached a high of 83.8 HKD per share earlier this year, closing at 37.88 HKD per share on December 31, with a total market capitalization of 16.666 billion HKD [8]. - The company is likely to adopt the third set of standards for the ChiNext board to return to the A-share market, which does not require profitability but mandates a minimum market value of 5 billion yuan and recent annual revenue of at least 300 million yuan [7][9].