“酒店里的机器人”冲刺港股IPO

Core Viewpoint - Cloud technology company Yunji Technology is preparing for an IPO on the Hong Kong Stock Exchange, marking its transition from A-share to H-share listing after three years [2][3]. Group 1: Company Overview - Yunji Technology, founded in January 2014, focuses on the application and technology development of commercial robots, aiming to build a leading global service intelligent body ecosystem [5]. - The company has developed three generations of robot products, with the "Run" and "Gege" series leading in sales, and the newly launched "UP" series being one of the first multi-modal robots globally [12]. Group 2: Financial Performance - In the reporting period from 2022 to 2024, Yunji Technology's revenue was approximately 1.61 billion, 1.45 billion, and 2.45 billion, with a compound annual growth rate (CAGR) of about 23.2% [16]. - The company recorded gross profits of approximately 392.71 million, 391.57 million, and 1.06 billion, with a CAGR of about 64.6% and gross margins increasing from 24.3% to 43.5% [16]. - Despite the revenue growth, the company reported net losses of approximately 365 million, 265 million, and 185 million, with adjusted net losses narrowing at a CAGR of 65.7% [17]. Group 3: Investment and Valuation - Major investors in Yunji Technology include Alibaba, Tencent, and Lenovo, with the company's valuation exceeding 4 billion in 2021 [4][8]. - The company has completed multiple financing rounds, with the latest D round raising 580 million, leading to a post-money valuation of 4.08 billion [8]. Group 4: Market Position and Product Offerings - Yunji Technology ranks first globally in the hotel scene for robot service intelligent bodies, with over 36,000 robots online at peak times in 2024 [15]. - The company's product and service offerings include robot and functional kits, AI digital systems, and intelligent applications, with revenue from robot kits accounting for 77.2% of total revenue in the latest reporting year [14]. Group 5: Research and Development - The company has invested significantly in R&D, with expenditures of approximately 67.76 million, 69.44 million, and 57.39 million from 2022 to 2024, representing 42.0%, 47.8%, and 23.4% of total revenue respectively [7]. - Yunji Technology holds 979 registered patents and 487 patent applications in China, showcasing its strong R&D capabilities [7].