今天，腾讯投的女总裁敲钟了

Core Viewpoint - Cloud technology company Yunji Technology has officially gone public on the Hong Kong Stock Exchange, raising approximately HKD 590 million, with a significant opening increase of 49.37%, reaching a market capitalization of nearly HKD 10 billion [2][12]. Company Overview - Yunji Technology was founded in 2014 by Zhi Tao, a graduate of Xi'an Jiaotong University, and has since deployed robots in over 34,000 hotels, as well as in hospitals, factories, and apartments [2][9]. - The company’s revenue primarily comes from three sources: sales or leasing of robots and functional suites, subscription-based services under an AI digital system, and direct sales to individual customers, with robot product sales accounting for over 70% of total revenue [10][12]. Financial Performance - For the fiscal years 2022 to 2024, Yunji's revenue figures were approximately RMB 161.28 million, RMB 145.15 million, and RMB 244.77 million, respectively, with gross profits of RMB 39.27 million, RMB 39.16 million, and RMB 106.42 million, indicating a gross margin increase from 24.3% to 43.5% [8][10]. - Despite the growth in revenue, the company has not yet achieved profitability, reporting losses of RMB 365.42 million in 2022, RMB 264.52 million in 2023, and RMB 184.96 million in 2024, although losses are showing signs of narrowing [12][10]. Market Trends - The demand for service robots in the hotel industry surged during the COVID-19 pandemic, leading to a significant increase in orders for Yunji Technology's robots, which partnered with over 1,300 hotels in 2020 [7][12]. - The current IPO wave in the robotics sector is characterized by numerous companies seeking to go public, with over 15 robotics companies having disclosed their prospectuses on the Hong Kong Stock Exchange this year [19][20]. Investment Landscape - Yunji Technology has attracted significant investment from notable venture capital and private equity firms, including Tencent and Alibaba, with a total of RMB 5 billion raised in its last funding round before the IPO [14][15]. - The company’s investment history reflects a strong backing from various investors, with significant stakes held by firms such as Beidou Capital and Anhui Artificial Intelligence Company [16].