极智嘉解禁在即！基石投资者表态不减持

Core Viewpoint - Geek+ is set to unlock its first share restriction period post-IPO on January 9, 2026, with only 3.28% of total shares involved, while major shareholders have a 12-month lock-up period [2] Group 1: Company Developments - The largest cornerstone investor, Xiong'an Fund, has confirmed no plans to reduce its holdings, indicating confidence in the company's long-term value [4] - Geek+ has recently relocated its headquarters to Xiong'an, aligning with local industrial ecosystems [4] - The company was included in the Hang Seng Composite Index on December 8, 2025, reflecting its market recognition in terms of size and liquidity [5] Group 2: Financial Performance - In the first half of 2025, Geek+ reported revenue of 1.025 billion yuan, a year-on-year increase of 31%, and a gross profit of 360 million yuan, up 43.1% [6] - The adjusted EBITDA turned positive for the first time, recording 11.62 million yuan, with net losses narrowing by 94% [6] Group 3: Order and Market Growth - The company signed new orders worth 1.76 billion yuan in the first half of 2025, a 30.1% increase year-on-year, with a significant 237% growth in orders for the SkyCube solution [8] - Geek+ has maintained its position as the global leader in the autonomous mobile robot (AMR) market for seven consecutive years, with over 66,000 robots delivered across more than 40 countries [8] Group 4: International Expansion - Overseas revenue reached 815 million yuan in the first half of 2025, accounting for 79.5% of total revenue, with an overseas gross margin of 46.2% [10] Group 5: Technological Advancements - Geek+ has developed a comprehensive AI technology architecture, including proprietary algorithms capable of managing over 5,000 robots simultaneously [11] - The company launched the Robot Matrix platform, which standardizes hardware and software interfaces, significantly reducing product development cycles [13] Group 6: Market Outlook - The global AMR market is projected to grow at a compound annual growth rate of 33% from 2024 to 2029, with the market size expected to exceed 162 billion yuan by 2029 [13]