招股说明书显示，博铭维是一家管网特殊空间机器人提供商，提供涵盖机器人及AI平台、工程技术解 决方案及紫外光固化修复软管的综合解决方案予下游客户，并处于应用AI进行智能化协同的前沿。公 司致力于为特殊空间全场景提供全生命周期机器人和AI解决方案，提供闭环、全生命周期的管网特殊 空间运维解决方案。公司的解决方案涵盖排水管道、中水管道、供水管道、原水管道、海水管道、供热 管道及燃气管道等管网特殊空间以及水厂及泵站等管网关键节点特殊空间。 自成立以来，博铭维将研发工作聚焦于两大核心方向，即特殊空间机器人及AI智能算法，精准锚定特 殊空间领域，并快速实现商业化突破，推出多款行业标杆产品。 根据弗若斯特沙利文报告，博铭维已发展成为一家产品及解决方案涵盖检测、清疏、修复、电机、AI 及紫外光固化修复软管的公司，实现行业价值链的垂直整合。博铭维在海外市场拓展中实现了商业模式 的快速落地，稳步迈向特殊空间机器人及AI技术领域的国际领先地位。截至目前，博铭维的产品及解 决方案已广泛应用于15个国家和地区，服务超过4000家客户。 根据招股说明书，2022年、2023年、2024年以及2025年一季度，博铭维的营业收入分别为1.6 ...

Core Viewpoint - Shenzhen Bomengwei Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor [1]. Company Overview - Bomengwei Technology is a leading provider of special space robots for pipeline networks in China, offering comprehensive solutions that include robots, AI platforms, engineering technology solutions, and UV-cured repair hoses [4]. - The company ranks first among participants in the Chinese market for special space robots by revenue in 2024, according to a Frost & Sullivan report [4]. - Bomengwei Technology aims to provide full lifecycle robot and AI solutions for special spaces, covering various types of pipeline networks and critical nodes such as water treatment plants and pump stations [4]. Business Focus - The company has focused its R&D on two core areas: special space robots and AI intelligent algorithms, achieving rapid commercialization and launching several industry benchmark products [5]. - Bomengwei Technology has developed a vertically integrated value chain in the global special space robot industry, offering products and solutions that encompass detection, cleaning, repair, motors, AI, and UV-cured repair hoses [5]. - The company has expanded its business to 15 countries and regions, serving over 4,000 clients as of August 19, 2025 [5]. Financial Performance - The company reported revenues of approximately RMB 162.31 million, RMB 214.65 million, RMB 249.08 million, and RMB 62.36 million for the years ending March 31, 2022, 2023, 2024, and 2025, respectively [8]. - The net profits for the same periods were RMB 22.39 million, RMB 30.64 million, RMB 40.15 million, and RMB 10.05 million [8].