从A股到港交所。 《投资者网》 吕子禾 1月19日，港交所官网显示，苏州玖物智能科技股份有限公司正式递表申请上市，中金公司与花旗担任联席保荐人。值得注意的是，此时距离 该公司公告终止长达三年的A股上市辅导进程，尚不足一个月。 这一"急转舵"的资本操作，让这家头顶"中国智能具身产业机器人市场第二"光环的企业，其基本面成色与发展前景成为热议焦点。 业务单一困局 作为中国智能具身产业机器人领域的参与者，玖物智能凭借先发优势在细分赛道占据了一席之地。根据弗若斯特沙利文数据，按2024年智能具 身产业机器人解决方案收入计，其在国内市场排名第二，市场份额5.9%；按该解决方案在清洁能源技术领域的收入计，排名中国第一。然 而，光鲜排名背后，是业务结构高度集中的潜在风险。 招股书披露的财务数据呈现出快速增长的态势。2023年至2024年，公司收入从2.07亿元增长76.9%至3.66亿元，净利润从913.3万元激增257.4% 至3263.9万元；2025年前三季度收入进一步增至4.10亿元，较2024年同期的2.398亿元增长71.1%，净利润为2546.8万元，同比增长69.4%。在多 数机器人企业仍处于"烧钱"阶段时， ...

机器人前瞻1月19日报道，玖物智能递交招股书，准备在港交所上市，中金公司、花旗为联席保荐人。 玖物智能成立于2017年，总部位于苏州，是一家以智能移动机器人为核心的"机器人+"解决方案供应商，主要为工业领 域设计、开发及部署具备感知、决策及交互能力的多形态智能具身产业机器人。 根据弗若斯特沙利文的资料，按2024年智能具身产业机器人解决方案的收入计，公司在中国排名第二，市场份额为 5.9%。清洁能源技术领域排名第一。 2022年2月，该公司曾向中国证监会江苏监管局提交了A股上市辅导备案申请，但未有进展。玖物智能称，综合评估当 时整体市场环境、自身业务发展阶段及资金需求后，其决定于2025年12月22日终止A股辅导并转向港交所寻求H股上 市。 01.九个月营收超4亿元，净利润2547万元 2023年、2024年和2025年1-9月，玖物智能分别实现营业收入2.07亿元、3.66亿元、2.40亿元、4.10亿元。 同期，该公司毛利分别为4660万元、9303万元、1.32亿元，毛利率为22.5%、25.4%、32.1%。 玖物智能在2023年、2024年和2025年1-9月的年内\期内利润分别为913万元、326 ...

Core Viewpoint - Suzhou Jiuwu Intelligent Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, aiming to capitalize on its position as a leading player in the intelligent embodied industrial robotics sector in China [1][3] Group 1: Company Overview - Jiuwu Intelligent is recognized as a pioneer in the intelligent embodied industrial robotics solutions industry in China [3] - The company developed the JOS robotic operating system in 2018, which is one of the first systems in China to integrate perception, motion control, and planning, enabling robots to perform various tasks [3] - Jiuwu Intelligent is among the few suppliers that design intelligent embodied industrial robots for sectors such as clean energy technology, electronics and semiconductors, and optical modules [3] Group 2: Market Position - According to Frost & Sullivan, Jiuwu Intelligent ranks second in China in terms of revenue from intelligent embodied industrial robotics solutions, holding a market share of 5.9% as of 2024 [1] - The company is ranked first in the clean energy technology sector and fourth in the electronics and semiconductors sector based on revenue generated from intelligent embodied industrial robotics solutions [3]

Group 1 - The core viewpoint of the article is that Suzhou Jiuwu Intelligent Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, positioning itself as a leading company in the intelligent embodied industrial robot sector in China [1][4] - According to Frost & Sullivan, Jiuwu Intelligent ranks second in China's intelligent embodied industrial robot solutions market with a market share of 5.9% as of 2024 [1] - The company is recognized as a pioneer in the intelligent embodied industrial robot solutions industry in China, having developed the JOS robotic operating system in 2018, which integrates perception, motion control, and planning [4] Group 2 - The launch of the JOS system has established a comprehensive technical support system, enabling the large-scale deployment and commercialization of intelligent embodied industrial robots across various fields [4] - Jiuwu Intelligent is among the first suppliers to design intelligent embodied industrial robots for sectors such as clean energy technology, electronics and semiconductors, and optical modules [4] - The company holds the top position in the clean energy technology sector and ranks fourth in the electronics and semiconductors sector in terms of revenue generated from intelligent embodied industrial robot solutions in China, according to Frost & Sullivan [4]