Core Viewpoint - Zhongding Intelligent (Wuxi) Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with Guotai Junan International as the sole sponsor [1] Company Overview - Zhongding Intelligent is a mature provider of intelligent in-warehouse logistics and automation solutions in China, focusing on integrating management software with various logistics equipment [2][3] - The company's core products include intelligent in-warehouse logistics solutions that coordinate the movement and storage of goods in warehouses, factories, and production lines [3][4] Market Position - In 2024, Zhongding Intelligent ranked fourth in the Chinese intelligent in-warehouse logistics solutions industry with a market share of 1.7%, second in the industrial sector with a 3.2% share, and first in the new energy lithium-ion battery sector with a 22.1% share [3] - The industrial sector accounted for nearly 50% of the Chinese intelligent in-warehouse logistics solutions market in 2024, while the new energy lithium-ion battery sector represented about 6% [3] Financial Performance - Revenue for Zhongding Intelligent was approximately RMB 1.643 billion in 2022, RMB 1.695 billion in 2023, and projected to be RMB 1.798 billion in 2024, with a decline to RMB 746 million in the first half of 2025 [5][7] - Profit figures were RMB 70.58 million in 2022, RMB 78.18 million in 2023, and RMB 88.63 million in 2024, with a decrease to RMB 66.29 million in the first half of 2025 [5][7] - The gross profit margin decreased from 14.1% in 2022 to 12.9% in the first half of 2024, but increased to 19.3% in the first half of 2025 [5][6] Industry Overview - The global intelligent in-warehouse logistics solutions market is projected to grow from RMB 300.8 billion in 2020 to RMB 471.1 billion in 2024, with a compound annual growth rate (CAGR) of 11.9% [8] - The market is driven by increasing demands for supply chain efficiency, cost control, and service quality, alongside rising labor costs [8][9] - In China, the intelligent in-warehouse logistics solutions market is expanding due to the growth of e-commerce logistics, new energy industries, and the push for intelligent upgrades in manufacturing [9]

Company Overview - Zhongding Intelligent (Wuxi) Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Guotai Junan International as its sole sponsor [1] - The company is a leading provider of intelligent in-plant logistics and warehouse automation solutions in China, focusing on integrating management software with various logistics equipment [3] Market Position - In terms of revenue for 2024, Zhongding Intelligent ranks fourth in the Chinese intelligent in-plant logistics solutions industry with a market share of 1.7%, second in the industrial sector, and first in the new energy lithium-ion battery sector [3] Financial Performance - The company's revenue for 2022, 2023, and 2024 is approximately RMB 1.643 billion, RMB 1.695 billion, and RMB 1.798 billion respectively, with net profits of RMB 70.58 million, RMB 78.18 million, and RMB 88.63 million [5][6] - The overall gross profit margin decreased from 13.4% in 2022 to 12.8% in 2023, and further to 12.2% in 2024, primarily due to strategic price reductions to enhance competitiveness [7] Sector Contributions - The new energy sector accounted for over 75% of the company's intelligent in-plant logistics solutions revenue during the reporting period [3] - The gross profit margin for new energy solutions decreased in 2023 but is expected to improve to 16.2% in 2024 due to a stronger market position in securing high-margin contracts [7]