SIASUN(SZ:300024) Zheng Quan Shi Bao Wang·2026-01-19 13:13Core Viewpoint - The company, Jiu Wu Intelligent Technology Co., Ltd., is seeking to go public on the Hong Kong Stock Exchange, aiming to capitalize on the growing demand for intelligent embodied industrial robots in China, with a significant market growth forecast ahead [1][4]. Company Overview - Jiu Wu Intelligent was established in 2017 and is recognized as one of China's leading companies in the intelligent embodied industrial robot sector, focusing on designing, developing, and deploying robots with perception, decision-making, and interaction capabilities [2]. - The company ranks second in the Chinese market for intelligent embodied industrial robot solutions, holding a market share of 5.9% as of 2024 [2]. Technology and Products - The company has developed a proprietary full-stack robotic technology, which includes core software and algorithms for robot perception, planning, control, and complex cluster scheduling, as well as critical hardware components like LiDAR, robotic arms, controllers, and drivers [2]. - Jiu Wu Intelligent's JOS robotic operating system, launched in 2018, is one of the first in China to integrate perception, motion control, and planning, enabling robots to perform various tasks [2]. Market Performance - The company has sold over 11,000 intelligent embodied industrial robots to 156 clients across 16 industrial sectors, including 48 listed companies or their subsidiaries [3]. - Revenue projections indicate that the company will generate 2.07 billion yuan in 2023 and 3.66 billion yuan in 2024, with profits of 9.13 million yuan and 32.64 million yuan, respectively [3]. Market Growth and IPO Plans - The intelligent embodied industrial robot market in China is expected to grow from 5.1 billion yuan in 2024 to 53.2 billion yuan by 2029, with a compound annual growth rate of 59.6% [4]. - The funds raised from the IPO will primarily be allocated to technology research and development, production facility construction, sales service network expansion, and strategic investments from 2026 to 2030 [4]. Shareholding Structure - The company's chairman and CEO, Wang Hongjun, holds 4.87% of the shares, while other major shareholders include Tunan Investment, Jiu You Intelligent, and Ju Chuang Intelligent, collectively holding 34.47% [4][5]. - Sequoia Capital holds an 11.34% stake in the company, while Shangrong Capital, through its subsidiaries, holds a combined 2.34% [5].