Core Viewpoint - The company addresses investor concerns regarding its stock incentive plans and dividend policies, emphasizing that the design of these plans is based on various economic factors and that there is no internal benefit transfer harming shareholder interests [1]. Group 1: Stock Incentive Plans - The company has launched three stock incentive plans since 2021, with performance targets based on revenue, absolute net profit, and net profit growth, which investors question for their coherence and achievability [1]. - The 2021 stock incentive plan was designed considering the economic situation and aimed to capitalize on market opportunities, with performance targets met in 2021 and 2022 [1]. - In 2023, the company did not meet performance targets due to strategic adjustments focusing on high-margin businesses, leading to the repurchase and cancellation of unachieved stock incentives [1]. Group 2: Dividend Policy - The company has not issued dividends since 2017 and has focused on stock incentives, with each incentive priced close to the regulatory 50% line [1]. - The company states that it cannot distribute dividends due to not meeting relevant cash dividend conditions, asserting that this does not harm shareholder interests [1]. - Future stock incentive plans will emphasize profit performance indicators to align more closely with investor needs, reflecting the company's ongoing efforts to enhance profitability [1].

当你走进酒店，看见站在电梯C位的机器人，或许早已不再惊讶；在房间点好外卖，坐等机器人送上门，也不过稀疏平常之事……在这个人人都期待机器 人走进百姓家的时代，第一批机器人已勤勤恳恳在酒店打工多年，甚至将要捧出一家上市公司。 此外，云迹科技自2014年7月成立以来共完成八轮融资，腾讯、联想、阿里、沸点资本先后参与投资。 近日，中国酒店机器人市场占有率超12%的云迹科技，正式向港交所递交招股书，拟以"特专科技公司"身份冲刺港股主板上市。在过去十年，这家公司把 酒店送物机器人铺进3万家酒店。 然而，公开数据显示，其过去三年在营收5亿多元的情况下，净亏损累计超8亿元。与此对应的是，在社交平台，不少消费者对酒店机器人充满怨言。 酒店机器人背后的大boss 回首送餐机器人的爆发期，大概始于2020年前后。据餐饮大数据研究服务机构NCBD（餐宝典）2020年统计分析数据显示，2019年中国送餐机器人市场规 模仅为2.2亿元，而2020年送餐机器人规模已经高达到12亿元左右，增速有5倍以上。预计在2025年接近150亿元。 彼时，这条赛道上涌现出不少玩家，既有新松机器人、穿山甲机器人等老牌机器人公司，也有包括优地科技、擎朗智能 ...

Core Insights - Cloud Robotics aims to liberate humans and allow them to engage in more fulfilling activities, as stated by CEO Zhi Tao [1] - Founded in January 2014, Cloud Robotics has faced significant challenges, including substantial financial losses despite achieving market leadership in hotel service robots [1][4] Company Overview - Cloud Robotics was established with a focus on commercial robot applications and technology development, particularly in the hotel sector to refine product capabilities [1][3] - The company launched the "RUN" series of robots in 2015, which gained traction due to the rise of food delivery apps, leading to increased orders from hotels [3] Market Performance - The service robot market experienced explosive growth, reaching a market size of 28.38 billion yuan in 2020, with a year-on-year growth of 37.4% [3] - By 2023, Cloud Robotics reported that its revenue from the hotel sector surpassed that of similar domestic and international companies, achieving market shares of 9% and 12% in global and Chinese hotel scenes, respectively [3] Financial Challenges - Despite generating over 500 million yuan in revenue from 2022 to 2024, Cloud Robotics accumulated net losses exceeding 800 million yuan [4] - The company has faced a price war, with the price of the "RUN" series robots dropping from 23,200 yuan in 2022 to 13,100 yuan in 2024, a decrease of 43.8% [6] - The introduction of the "UP" series robots in 2023 saw a price reduction of 60%, leading to a selling price of 22,300 yuan [6] Competitive Landscape - The entry of traditional appliance companies like Haier into the hotel robot market has intensified competition, forcing Cloud Robotics to engage in price reductions to maintain market share [8] - The reliance on external integrations for core algorithms and a reduction in R&D spending from 69 million yuan in 2023 to 57 million yuan has hindered technological advancement [8] Future Prospects - Cloud Robotics has received over 1.2 billion yuan in funding from notable investors like Alibaba and Tencent, indicating confidence in its business model and potential for future returns [9] - The company is now focusing on expanding its product applications to hospitals and communities to seek new growth opportunities, which could enhance revenue and innovation investments [12]