在此赛道红利释放的关键节点，国内工业智能机器人领域的核心玩家——斯坦德机器人(无锡)股份有限公司(简称"斯坦德")于2026年1月4日向港交所主板递 交上市申请，中信证券(香港)、国泰君安国际担任联席保荐人。该公司曾于2025年6月23日递表港交所。 工业智能化升级浪潮下，工业智能机器人尤其是工业具身智能赛道正迎来高速增长。作为AI技术落地智能制造、高端制造领域的核心载体，该赛道受益于 3C电子、汽车、半导体等下游行业的自动化需求激增，叠加AGI技术突破带来的"单机智能向群体智能"跃迁机遇。据灼识咨询数据，全球工业具身智能机器 人解决方案市场规模于2024年达到14亿元(人民币，下同)，预计2029年将进一步增至152亿元，成为智能制造升级的"增量引擎"。 工业智能移动机器人解决方案领军企业 招股书显示，斯坦德为工业智能移动机器人解决方案的领导者，致力于赋能多种工业场景中的智慧工厂。公司亦是提供工业具身智能机器人解决方案的先行 者。公司可量身定制整合技术平台、智能机器人及智能协同系统的一站式机器人解决方案。 据灼识谘咨询的资料，截至2024年12月31日的年度，按销量计算，斯坦德为中国四大工业智能移动机器人解 ...

工业智能移动机器人解决方案领军企业 工业智能化升级浪潮下，工业智能机器人尤其是工业具身智能赛道正迎来高速增长。作为AI技术落地智能制造、高端制造领域的核心载体，该赛道受益于 3C电子、汽车、半导体等下游行业的自动化需求激增，叠加AGI技术突破带来的"单机智能向群体智能"跃迁机遇。据灼识咨询数据，全球工业具身智能机器 人解决方案市场规模于2024年达到14亿元（人民币，下同），预计2029年将进一步增至152亿元，成为智能制造升级的"增量引擎"。 在此赛道红利释放的关键节点，国内工业智能机器人领域的核心玩家——斯坦德机器人（无锡）股份有限公司（简称"斯坦德"）于2026年1月4日向港交所主 板递交上市申请，中信证券（香港）、国泰君安国际担任联席保荐人。该公司曾于2025年6月23日递表港交所。 招股书显示，斯坦德为工业智能移动机器人解决方案的领导者，致力于赋能多种工业场景中的智慧工厂。公司亦是提供工业具身智能机器人解决方案的先行 者。公司可量身定制整合技术平台、智能机器人及智能协同系统的一站式机器人解决方案。 据灼识谘咨询的资料，截至2024年12月31日的年度，按销量计算，斯坦德为中国四大工业智能移动机器人解 ...

2025年12月，上海仙工智能科技股份有限公司（以下简称"仙工智能"）再次向香港联交所递交招股书， 寻求主板上市。作为全球机器人控制器销量冠军，仙工智能在技术领先与市场扩张的背后，是三年半累 计亏损超1.7亿元的财务窘境。此次IPO既是其突破资金瓶颈的关键一步，亦是对其商业模式可持续性的 一次严峻考验。 仙工智能成立于2020年，凭借自主研发的SRC系列控制器为核心，构建了"控制器+软件+机器人"的一站 式解决方案。据灼识咨询数据，其控制器在2023-2024年连续全球销量第一，市占率达23.6%，适配超 300种零部件，服务全球35个国家及地区的1600余家客户。2022年至2024年，公司营收复合增长率达 35.7%，2024年营收增至3.39亿元，机器人整机业务占比攀升至69.5%，成为主要增长引擎。 技术壁垒是仙工智能的核心竞争力。其控制器集成视觉-语言-动作（VLA）算法、3D SLAM导航等技 术，定位精度达±2mm，并通过开放平台模式吸引超1500家集成商参与生态共建。在AGI（通用人工智 能）与具身智能领域，公司已推出SRC-5000系列控制器，支持人形机器人自主决策，抢占技术前沿。 此外，公 ...

Core Viewpoint - Stand Robot (Wuxi) Co., Ltd. has submitted its prospectus to the Hong Kong Stock Exchange, aiming for an IPO as a specialized technology company in the industrial intelligent mobile robot sector [1] Financial Performance - Stand Robot's revenue has shown growth over the past three years, with figures of RMB 96.275 million in 2022, RMB 162.166 million in 2023, and projected RMB 250.522 million in 2024 [2][3] - The gross profit for the same years was RMB 12.382 million, RMB 51.169 million, and RMB 97.158 million respectively, indicating a significant increase in profitability [2][3] - The company has reported continuous net losses, with figures of RMB -128 million in 2022, RMB -100.348 million in 2023, and projected RMB -45.144 million in 2024 [2][3] Research and Development - Stand Robot has invested in R&D, with expenditures of RMB 55.525 million in 2022, RMB 56.098 million in 2023, and a projected RMB 36.611 million in 2024 [2][3] Use of Proceeds - The net proceeds from the IPO are intended to strengthen R&D, expand sales and service networks, enhance brand promotion, and develop new production lines [4]

Group 1 - Technology companies are increasingly heading to the Hong Kong stock market, with 5 companies having passed hearings and 155 in process as of May 29, many seeking to raise over $1 billion [1] - The Hong Kong IPO market has seen 27 companies listed this year, raising a total of HKD 77.12 billion, with notable performances from companies like CATL and Heng Rui Medicine [1] - The acceleration of companies going public in Hong Kong is driven by business expansion needs and supportive policies, enhancing the global positioning of Chinese enterprises [1] Group 2 - The Hong Kong Stock Exchange has introduced tailored listing rules for specialized technology companies, allowing those not meeting standard conditions to list under Chapter 18C [2] - The "Tech Company Fast Track" initiative aims to streamline the listing process for specialized technology and biotech firms, with several companies already submitting applications [2] - As of now, 10 companies have submitted applications under Chapter 18C, indicating a growing interest in the Hong Kong market [2] Group 3 - A-share companies from sectors like semiconductors and renewable energy are planning to optimize financing channels and expand international business through Hong Kong IPOs [3] - Recent regulatory improvements in overseas listing policies are facilitating better access for Chinese tech companies to global capital markets [3] - The introduction of new listing rules is expected to attract more high-quality tech firms to the Hong Kong market, enhancing their global presence [3] Group 4 - The Hong Kong stock market is experiencing improved liquidity and valuation, with a convergence in the AH share premium rate [4] - The AH share premium index has decreased significantly from 151.61 in September 2022 to 131.65 as of May 29, indicating a narrowing price gap between A-shares and H-shares [5] - Net inflows from southbound funds into Hong Kong stocks have reached HKD 641.30 billion this year, significantly surpassing the previous year [5]