Core Insights - The Hong Kong Stock Exchange announced that Changzhou Weiyi Intelligent Manufacturing Technology Co., Ltd. (Weiyi Intelligent) has officially submitted its listing application to the main board [1] - Weiyi Intelligent, established in 2018, is a leading company in the industrial embodied intelligence robotics sector, focusing on reshaping the future of manufacturing through advanced technology [1] - The company has developed industrial robots capable of autonomous perception, learning, decision-making, and executing complex tasks, providing flexible and intelligent solutions to customers [1] Company Overview - Weiyi Intelligent has completed multiple rounds of financing, with shareholders including various investment institutions such as Industrial Mother Machine Fund and Deep Venture Capital [1] - The company has over 700 independent intellectual property rights and has been recognized as a key "little giant" enterprise by the national specialized and innovative program [1] - In 2024, Weiyi Intelligent's core R&D projects received certification from the Ministry of Industry and Information Technology and the Ministry of Science and Technology, achieving "international leading" status [1] Market Position - According to a report by Zhaoshang Consulting, Weiyi Intelligent is the largest supplier of industrial embodied intelligence robots in China based on 2024 revenue [1] - The company ranks first in the IDC report on the market share of AI vision industrial robots in China for 2024 [1] Financial Performance - Weiyi Intelligent's revenue has grown from 221 million RMB in 2022 to 600 million RMB in 2024, representing a compound annual growth rate (CAGR) of 64.7% [2] - The company has achieved profitability in 2024 and the first half of 2025, making it one of the few leading enterprises in the industry to do so [2] IPO Plans - The net proceeds from the IPO are intended for core technology R&D, enhancing the intelligence and performance of industrial embodied intelligence robots [2] - The funds will also be used to establish localized overseas sales and service networks, deepen global business layout, and for strategic investments and acquisitions [2] - Additionally, the proceeds will support the expansion of production capacity and serve as working capital for general corporate purposes [2]