超40家VC押注，深之蓝冲击“中国水下机器人第一股”

Core Viewpoint - The article highlights the progress of Deep Blue Technology Co., Ltd. towards its IPO, aiming to become the first publicly listed underwater robotics company in China, with a fundraising target of 1.5 billion yuan [2]. Group 1: Company Overview - Deep Blue Technology has transitioned to "acceptance of guidance" status in its IPO process, with CICC as the guiding institution, after submitting its IPO guidance record in October 2023 [2]. - The company was founded by Wei Jiancang, who identified a gap in the domestic underwater robotics market in 2013, leading to the development of indigenous underwater robots [2]. - The product matrix includes cable-controlled underwater robots, autonomous vehicles, and underwater gliders, which have been successfully utilized in critical fields such as marine scientific research and emergency rescue [3]. Group 2: Financial Performance - Deep Blue Technology has seen strong revenue growth, with revenues of 141 million yuan, 235 million yuan, and 251 million yuan from 2022 to 2024, reflecting a compound annual growth rate of 33.23% [5]. - As of mid-2025, the company reported revenues of 141 million yuan, matching its total revenue for 2022, indicating significant market penetration in both consumer and industrial sectors [5]. - Despite cumulative undistributed profits of -622 million yuan by mid-2025, the net loss has been narrowing, from 134 million yuan in 2022 to 6.7 million yuan in the first half of 2025, with expectations of profitability by 2026 [5]. Group 3: Market Dynamics - The global underwater robotics market is experiencing explosive growth, with China's market size increasing from 1.24 billion yuan in 2018 to 6.27 billion yuan in 2022, projected to exceed 30 billion yuan by 2027 [6]. - The underwater robotics market is categorized into defense, industrial, and consumer segments, with high barriers to entry in the defense and industrial sectors, while the consumer market is highly competitive [6]. - Key technological areas for future competition include acoustic sensors and navigation systems, which are critical for operational stability and core competitiveness in the underwater robotics industry [6]. Group 4: Industry Outlook - The rise of Deep Blue Technology reflects the growing interest and investment in the underwater robotics sector, which is supported by government initiatives and capital market trends [4]. - The company’s IPO is seen as a significant milestone that will contribute to the development of the domestic underwater robotics industry, transitioning from a follower to a leader in the global market [6].