Core Viewpoint - Shenzhen Bomengwei Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as its 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 [3][4] - The company ranks first among market participants in China for revenue from special space robots in 2024, according to a Frost & Sullivan report [3] - Bomengwei Technology aims to provide full lifecycle robot and AI solutions for special space applications, covering various types of pipeline networks and key nodes such as water treatment plants and pump stations [3] Business Segments - The company focuses on two core areas: special space robots and AI intelligent algorithms, achieving rapid commercialization with several industry benchmark products [4] - The business is divided into three main segments: 1. Robots and AI Platform: Research, design, manufacturing, and commercialization of detection robots, clearing robots, non-excavation repair robots, and AI management platforms [4] 2. Engineering Technology Solutions: Integrated solutions for pipeline inspection and non-excavation repair, leveraging the advantages of robotic products and AI capabilities [5] 3. UV-Cured Repair Hoses: Production and sales of high polymer materials for non-excavation pipeline repairs [6] 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 in 2022, 2023, 2024, and 2025, respectively [7] - Corresponding profits for the same periods were RMB 22.39 million, RMB 30.64 million, RMB 40.15 million, and RMB 10.05 million [7][8]