星标 ★ IPO日报 精彩文章第一时间推送 11月28日，上海仙工智能科技股份有限公司（下称"仙工智能"）递表港交所，拟主板上市，独家保荐人为中金公司。这是公司继今年5月递表失效后 的再一次申请。 IPO日报注意到，这家由浙大学霸赵越"弃医从工"创立的公司，近三年营收复合年增长率达35.8%，科沃斯机器人参投。 张力制图 营收复合年增长率达35.8% 招股书显示，仙工智能成立于，是一家以控制系统为核心的智能机器人公司，为客户提供机器人开发、获得、使用的一站式解决方案。仙工智能的控制系 统包括内置于机器人本体的控制器和运行于云端的软件。 2025年2月，仙工智能推出全地形机器人，此机器人支援在室内外复杂地面运行。2025年4月，仙工智能推出SRC-1000系列控制器，该控制器扩展了对更 广泛机器人类型的支持。仙工智能亦推出配备SRC-5000控制器的新型具身智能机器人系列，包括轮式人形机器人。2025年5月，仙工智能将视觉语义地 图、VLA和端到端导航模型整合到仙工智能的智能叉车和轮式人形机器人中。 根据咨询机构灼识咨询，按2024年的收入计，仙工智能在全球工业智能机器人市场排名第八，在中国市场排名第五，市场份 ...

Group 1 - The founder and CEO of Laifen Technology publicly responded to criticism from a former employee and a media influencer regarding a product comparison video, highlighting concerns about industry trust and corporate anxiety during transformation [2] - Huge Dental Limited's IPO application in Hong Kong has expired after six months, indicating potential challenges in the dental materials market [3] - Shenzhen Metro's response to a request for support of Lingnan Tong card suggests technical compatibility issues, recommending the use of "Traffic United" card instead [4][5] Group 2 - Apple is reportedly developing a new operating system called "Charismatic," which may integrate elements from tvOS and watchOS, expected to launch with future smart home and desktop products [5] - Heytea is set to fully launch on Taobao Flash Sale, expanding its reach in the instant retail market with over 4,000 stores [6] - Alibaba and Ant Group have launched the "City Knight Orange Plan," aimed at providing better incentives and protections for delivery riders across various platforms [7] Group 3 - AVIC Optoelectronics has products applied in the industrial robotics sector, indicating a strategic focus on high-end manufacturing [8] - Chengdu's inbound tourism has surged by over 31% during the World Universiade, with key tourist destinations seeing increased traffic [9] - Wuhan's car replacement policy will be suspended starting August 19, 2025, affecting consumer behavior in the automotive market [10] Group 4 - Yupa Direct Recruitment has completed the strategic acquisition of "Jigongjia," a construction labor service platform, to strengthen its market position and prevent competitive threats [11] - Artist Fan Zeng has reassured the public of his well-being after recent rumors, indicating the impact of public perception on personal branding [12] - Keda Li's subsidiary Kemen is testing high-precision reducers with several quality clients, showcasing advancements in robotics technology [14]

Core Viewpoint - The company is actively expanding its high-end manufacturing business in the civilian sector, with products currently applied in the industrial intelligent robotics field and collaborations with leading enterprises [1] Company Summary - The company, 中航光电 (Aviation Industry Corporation of China Optoelectronics), is focusing on high-end manufacturing in the civilian market [1] - The company has developed products that are utilized in the industrial intelligent robotics sector [1] - Collaborations are being established with several leading enterprises in the industry [1]

Core Viewpoint - Tesla has launched a Robotaxi pilot service, which has positively impacted domestic T-chain robotics concept stocks. Meanwhile, Stand Robot (Wuxi) Co., Ltd. is seeking an IPO on the Hong Kong Stock Exchange, indicating a growing interest in the industrial intelligent mobile robot sector [1]. Company Overview - Stand Robot was established in 2016 and is based in Wuxi, Jiangsu, with its headquarters in Shenzhen. The founding team consists of alumni from Harbin Institute of Technology, with key figures including CEO Wang Yongkun and CTO Li Hongxiang [3][4]. - The company focuses on providing intelligent mobile robot solutions for various industrial scenarios, aiming to empower smart factories [4][19]. Financial Performance - Stand Robot's revenue has shown growth, with figures of 96.3 million RMB in 2022, 162.2 million RMB in 2023, and 250.5 million RMB in 2024. The gross profit margin has improved from 12.9% in 2022 to 38.8% in 2024 [9][10]. - Despite revenue growth, the company has not yet achieved profitability, reporting cumulative losses of 273 million RMB over three years. The net losses were 128 million RMB in 2022, 100 million RMB in 2023, and 45 million RMB in 2024 [9][10][8]. Market Position and Competition - Stand Robot holds a market share of approximately 3.2%, making it the fifth largest provider of industrial intelligent mobile robot solutions globally. The industry is characterized by intense competition, with major players including Hikvision Robotics and Geek+ [13][17][18]. - The global market for industrial intelligent mobile robot solutions is projected to grow from 5.8 billion RMB in 2020 to 15.3 billion RMB in 2024, with a compound annual growth rate (CAGR) of 27.2% [14][17]. Challenges - The company faces pricing pressure due to competition, as some rivals may resort to price cuts to gain market share. Additionally, Stand Robot's high accounts receivable and sales expenses indicate limited bargaining power within the supply chain [12][19]. - The company has experienced significant accounts receivable, with figures of 29 million RMB in 2022, 51.8 million RMB in 2023, and 93.4 million RMB in 2024, representing 30% to 37.3% of revenue [12].