Core Insights - Zhongjian Technology has submitted a listing application to the Hong Kong Stock Exchange, with Ping An Securities (Hong Kong) and Guotai Junan Securities (Hong Kong) as joint sponsors [1] Company Overview - Zhongjian Technology is a high-tech enterprise primarily engaged in the research, design, production, and sales of outdoor power equipment, including wheeled outdoor equipment (such as riding and push lawn mowers) and handheld outdoor tools (such as chainsaws and brush cutters) [1] - The company ranks among the top ten outdoor power equipment manufacturers in China based on global revenue projections for 2024 [1] Market Potential - The global outdoor power equipment market is substantial and continues to grow, expected to reach USD 32 billion by 2029 [1] - The smart lawn mower and intelligent robot markets show significant potential, with projected compound annual growth rates of 51.8% and 118.9% from 2024 to 2029, respectively [1] Business Expansion - Zhongjian Technology is expanding its business scope by focusing on the research and manufacturing of advanced intelligent robots, having successfully launched its first smart lawn mower, UNICUT H1, and quadruped robot, Lingrui P1, in August 2024 [1]

Core Viewpoint - Zhejiang Zhongjian Technology Co., Ltd. has submitted an application to list on the Hong Kong Stock Exchange, positioning itself as a leading manufacturer in the outdoor power equipment sector in China, with plans to expand into the intelligent robotics market [1][3]. Company Overview - The company specializes in the research, design, production, and sales of outdoor power equipment and has established itself as a significant player in the industry through continuous technological innovation and high product quality [3]. - Zhongjian Technology has developed an intelligent lawn mowing robot, marking its entry into the smart robotics sector, while also focusing on advanced intelligent robot development [3][5]. - The company exports its products to over 50 countries and regions, with a significant portion of sales coming from Europe and North America, serving various applications such as landscaping, lawn care, agriculture, and urban management [3][5]. Product Portfolio - The product range includes wheeled outdoor equipment suitable for efficient mowing tasks, featuring strong power systems and enhanced operational comfort, with key products being riding mowers and push mowers [4]. - Handheld outdoor tools are designed for ease of use and efficiency, catering to home gardening and professional landscaping needs, including chainsaws, brush cutters, blowers, and hedge trimmers [4]. - The company has developed multiple proprietary brands, including "TOPSUN" and "Zhongjian," to diversify revenue sources and reduce reliance on single products or markets [4]. Financial Performance - Revenue figures for the company show a growth trajectory, with revenues of RMB 512.43 million in 2022, RMB 666.62 million in 2023, and projected revenues of RMB 970.89 million in 2024 [9]. - The net profit for the same periods was approximately RMB 27.41 million in 2022, RMB 48.12 million in 2023, and is projected to reach RMB 61.51 million in 2024 [10]. - Research and development expenditures have also increased, reflecting the company's commitment to innovation, with R&D spending of RMB 28.35 million in 2022, RMB 30.60 million in 2023, and projected to rise to RMB 72.68 million in 2024 [11]. Industry Overview - The global outdoor power equipment market is substantial and continues to grow, with a projected market size of USD 25.7 billion in 2024, expected to reach USD 32 billion by 2029, reflecting a compound annual growth rate (CAGR) of 4.5% [12]. - The smart lawn mower market is anticipated to experience rapid growth, with projections indicating an increase from USD 1.2 billion in 2024 to USD 9.9 billion by 2029, representing a remarkable CAGR of 51.8% [12][14]. - The intelligent robotics market is also on the rise, expected to grow from USD 500 million in 2024 to USD 27.4 billion by 2029, with a CAGR of 118.9% [15].