机器人公司，排队冲港股

Core Viewpoint - The article discusses the increasing trend of robotics companies seeking to go public on the Hong Kong Stock Exchange (HKEX), highlighting the challenges and opportunities within the industry, particularly for companies like Ledong Robotics, which is facing significant losses despite revenue growth [5][6][17]. Group 1: Company Overview - Ledong Robotics has submitted its IPO application to HKEX twice within six months, indicating a strong interest in public listing despite ongoing financial losses [5][8]. - The company reported revenues of 234 million yuan, 277 million yuan, and 467 million yuan for 2022, 2023, and 2024 respectively, with a 97% year-on-year revenue growth in the first half of 2023 [8][9]. - Despite revenue growth, Ledong Robotics has faced net losses of 73.13 million yuan, 68.49 million yuan, and 56.48 million yuan for the same years, with a loss of 1.378 million yuan in the first half of 2023 [6][9]. Group 2: Market Dynamics - Over 30 robotics companies have submitted IPO applications to HKEX, with only a few successfully listing, indicating a competitive and challenging environment for new entrants [5][15]. - The HKEX offers a more flexible listing process for unprofitable tech companies, making it an attractive option for robotics firms that require significant upfront investment [15][16]. - The international appeal of HKEX enhances the brand image of listed companies, potentially aiding in global partnerships and talent acquisition [16]. Group 3: Investment Landscape - Ledong Robotics has attracted notable investors, including prominent venture capital firms and Alibaba's CEO, indicating strong market confidence in its technology and growth potential [11][13]. - The company is focusing on developing its visual perception technology, which is crucial for its product offerings, including various types of service robots [9][10]. - The influx of robotics companies into HKEX raises concerns about the overall self-sustainability of the industry, as many firms struggle with profitability despite high levels of investment [17].