Company Overview - Stand Robot (Wuxi) Co., Ltd. has submitted its prospectus to the Hong Kong Stock Exchange, aiming to become the first "industrial embodied intelligence stock" in Hong Kong [1] - The company is a leading global provider of industrial intelligent mobile robot solutions, focusing on empowering smart factories across various industrial scenarios [1] - Stand Robot has established partnerships with over 400 major enterprises, including Xiaomi Automotive, Foxconn, and OPPO [1] Market Potential - The global market for industrial intelligent mobile robot solutions is projected to grow from 15.3 billion yuan in 2024 to 81.4 billion yuan in 2029, with a compound annual growth rate (CAGR) of 39.8% [2] - The market for industrial embodied robot solutions is expected to increase from 1.4 billion yuan in 2024 to 15.2 billion yuan in 2029, with a CAGR of 61.1% [2] Financial Performance - Stand Robot's revenue has shown growth, increasing from 96 million yuan in 2022 to 251 million yuan in 2024, with the majority of revenue coming from robot solutions [2] - The revenue contribution from robot solutions was 88.6%, 87.6%, and 91% for the years 2022, 2023, and 2024, respectively, with gross margins improving from 10.2% to 35.4% during the same period [2] - Robot sales are projected to rise from 725 units in 2022 to 1,932 units in 2024 [2] Losses and Investment - Despite revenue growth, the company has reported annual losses of 128 million yuan, 100 million yuan, and 45.14 million yuan from 2022 to 2024, primarily due to high R&D and market expansion costs [3] - R&D expenses accounted for 18.5%, 21.2%, and 19.8% of revenue during the same period [3] - The company has completed multiple rounds of financing, achieving a pre-IPO valuation of 2.1 billion yuan, with significant investors including Xiaomi and Bohua Capital [3] Fundraising Plans - The funds raised from the IPO will be allocated to four main areas: R&D investment, sales and service network expansion and brand promotion, development of production capacity and new production lines, and general corporate purposes and working capital [3]