Core Viewpoint - Guangzhou XAG Technology Co., Ltd. has submitted an application for H-share listing on the Hong Kong Stock Exchange, focusing on agricultural robots to enhance production efficiency and address labor shortages in agriculture [1][2]. Group 1: Company Overview - XAG Technology specializes in agricultural robots, including drones, unmanned vehicles, autonomous farming devices, and IoT equipment for smart farms, aiming to improve agricultural productivity through technological innovation [1][2]. - The company ranks second globally in the agricultural robot and agricultural drone sectors with market shares of 10.7% and 17.1% respectively for the year 2024 [2]. Group 2: Financial Performance - Revenue figures for XAG Technology are projected as follows: 605 million RMB in 2022, 615 million RMB in 2023, 1.066 billion RMB in 2024, and 745 million RMB for the first half of 2025. Profitability is expected to shift from losses of 254 million RMB in 2022 and 133 million RMB in 2023 to a profit of 70 million RMB in 2024 and 130 million RMB in the first half of 2025 [3][4]. Group 3: Use of Proceeds from IPO - The funds raised from the IPO will be allocated to the research and development of agricultural robots, enhancing market share and brand recognition, expanding global sales and service networks, and establishing a new headquarters for management and innovation activities [5].