这家特殊空间机器人公司要上市，毛利率近50%

Core Viewpoint - Shenzhen Bomengwei Technology Co., Ltd. is planning to go public on the Hong Kong Stock Exchange, with the funds raised aimed at enhancing R&D capabilities, strategic investments, and global market expansion in the field of special space robots and AI solutions [1][4]. Company Overview - Established in 2014, Bomengwei Technology specializes in providing special space robots for pipeline operations, offering comprehensive solutions that include robotics, AI platforms, engineering technology solutions, and UV-curable repair hoses [3][6]. - The company has developed a closed-loop, full lifecycle operational solution for various types of pipelines, including drainage, water supply, and gas pipelines [3]. Market Potential - The demand for robots is increasing due to public service upgrades and advancements in intelligent manufacturing, with the industrial robot market projected to reach $19 billion in 2024 and $43.2 billion by 2030 [4]. - The service robot market is expected to grow from $29.5 billion in 2024 to $66.4 billion by 2030, with a CAGR of 14.4% [4]. - The special robot market, although smaller, is the fastest-growing segment, anticipated to grow from $11.5 billion in 2024 to $29.2 billion by 2030, with a CAGR of 16.7% [4]. Competitive Position - According to Frost & Sullivan, Bomengwei Technology ranks first among participants in the Chinese market for pipeline special space robots by revenue [4]. - The company is the only player in the global market that offers a complete range of products and solutions covering detection, cleaning, repair, and AI integration, achieving vertical integration of the industry value chain [4]. Financial Performance - For the reporting period from 2022 to the first quarter of 2025, Bomengwei Technology's revenue and net profit showed steady growth, with revenues of 162 million, 214 million, 249 million, and 62 million yuan, and corresponding net profits of 22.39 million, 30.64 million, 40.15 million, and 10.04 million yuan [6]. - The company's gross margin remained high, at 46.4%, 48.1%, 49.5%, and 48.1% during the same period [7]. Shareholding Structure - The controlling shareholder, Dai Yi, directly holds 32.72% of the shares and has a total holding of 45.1% through various employee and investment platforms [7].