销售纯电自动驾驶矿车属于伯镭科技的主力业务智车，根据灼识咨询的资料，在自动驾驶矿卡解决方案 提供商中，伯镭科技是业内唯一拥有自主生产设施的供应商，同时也是充换电一体矿卡的独家提供商。 智车业务主要通过三种方式获得营收，除了向终端客户直接销售车辆，还包括向租赁公司销售车辆以及 销售iDrive自动驾驶系统在内的自动驾驶解决方案。以招股书披露的2023年、2024年及去年前三季度业 绩为准，智车业务营收分别为5788.7万元、1.49亿元、2.91亿元，营收占比分别为83.2%、87.2%、 92.4%。 相比2024年前三季度，伯镭科技在去年前三季度销售的自动驾驶矿卡数量从0增至136辆，这也成为智车 业务营收同比增长1298.6%的主要原因。对于136辆矿卡的车型比例以及采用自有品牌模式的运营原 因，北京商报记者通过官方渠道对伯镭科技进行采访，但截至发稿对方未予回应。 不过，伯镭科技方面在招股书中表示，公司聘请第三方供应商提供产品制造所需的零部件及组件，也与 合同制造商合作，由其负责车辆及其他产品的制造、组装与测试工作。同时在风险因素板块提到，"公 司依赖第三方供应商制造、组装及测试我们的产品，会削弱我们对产 ...

关注我，让学习成为一种信仰 ！ 无人矿卡赛道，还是太疯狂。 智驾的风，终于刮到了最接地气的无人驾驶矿卡赛道。 当城市智驾还在反复论证"能不能跑"，矿区已经用真金白银给出答案：这个曾被贴上"冷门""土味"标签的重工业领域，在2025 年彻底迎来资本狂欢，一年吸金超29亿元！ 单笔融资动辄数亿元，产业资本、金融资本、上市公司扎堆入场，硬生生把一个粉尘飞扬的赛道，捧成了隐秘却真实的黄金赛 道。 正是在这股资本洪流中，一家名字并不大众的公司被迅速推到台前。近日，上海伯镭智能向港交所递交上市申请，正式冲击港 股。 就在IPO消息披露前夕，公司刚完成超10亿元融资，其中比亚迪罕见出手，战略押注1亿元。 更具冲突感的是，这家正在冲击资本市场的工业智能公司，背后站着的，并不是传统矿业巨头，而是一位85后工程师创业者。 按常规性思维，矿山和智能驾驶根本不应该属于同一个语义场。前者灰尘弥漫、环境恶劣；后者高精尖、充满算法与传感器。 但伯镭的故事，却证明了"看似不相关的两个世界"，恰恰是最能相互成就的。 小编|璞羽 隶属|我爱学习俱乐部编辑部 1月29日，上海伯镭智能科技股份有限公司向港交所递交招股书，拟在港交所主板上市。 伯镭科 ...

Group 1 - The core point of the article is that Shanghai Berai Intelligent Technology Co., Ltd. has officially submitted its listing application to the Hong Kong Stock Exchange, with CITIC Securities and CITIC Jinshi International serving as joint sponsors [1] - The submission comes just six days after the company received a strategic investment of 100 million yuan from BYD, indicating strong backing from an industry giant as it aims to enter the capital market [1] Group 2 - Berai Technology is recognized as the world's first company to deploy a fleet of fully electric autonomous mining trucks in mining areas, positioning itself as a leading provider of zero-carbon unmanned mining solutions globally [3] - According to data from Zhaoshang Consulting, the company is projected to be the largest provider of fully electric autonomous mining trucks in terms of shipment volume and revenue in 2024, and ranks as the second-largest provider of autonomous mining truck solutions in China [3] - In the domestic market for electric autonomous mining trucks, Berai Technology holds a market share of 55.3% in shipment volume and 32.6% in revenue, maintaining its position as the industry leader [3]

Group 1 - The core viewpoint of the article is that 伯镭科技 (Bolei Technology) is preparing for an IPO on the Hong Kong Stock Exchange, focusing on its strengths in electric autonomous mining trucks while facing significant financial challenges, including substantial losses and declining profit margins [2][3]. - Founded in 2015 and headquartered in Shanghai, the company operates under a "unmanned + electrification" strategy, with three main business segments: intelligent vehicles, intelligent mining solutions, and unmanned transportation services [2]. - By 2024, 伯镭科技 is projected to be the largest provider of electric autonomous mining trucks globally, holding a 55.3% market share in China's electric mining truck shipments [2][3]. Group 2 - The company's main revenue driver is its 智车 (Intelligent Vehicle) business, which is expected to account for 92.4% of total revenue by 2025, with revenues increasing from 57.9 million yuan in 2023 to 291 million yuan in the first nine months of 2025 [3]. - 伯镭科技's flagship product, the 伯镭电牛145, is the largest pure electric autonomous mining truck globally, with a cost reduction of 33.5% per cubic meter compared to traditional fuel trucks [3]. - The company operates under a heavy asset model, which involves significant capital investment in vehicle design and production, leading to high operational costs and financial strain [5][6]. Group 3 - 伯镭科技's gross margin has significantly declined, dropping from 48.4% in 2024 to 16.1% in the first three quarters of 2025 due to changes in customer profiles and sales strategies [6]. - The company plans to build a new production and testing center in Huzhou, Zhejiang, to enhance its manufacturing capabilities and achieve a data-driven operational model [7]. - The company has established a leading position in the battery swapping infrastructure, with nine battery swap stations planned by 2024, allowing for quick battery changes in under six minutes [7]. Group 4 - 伯镭科技 faces a unique challenge with its customers also acting as suppliers and investors, leading to a high concentration of revenue and procurement from a few key clients [8][9]. - In 2024, the top five customers accounted for 97.7% of the company's revenue, while the top five suppliers represented 84.3% of its procurement [9]. - The strategic partnership with BYD, which invested 100 million yuan for a 3.78% stake, is expected to enhance collaboration in core areas such as batteries and electronic controls [8].

星标★IPO日报 精彩文章第一时间推送 截至2025年，伯镭科技在新疆准东某露天矿同时部署了超过120辆伯镭电牛145自动驾驶矿卡。 业绩方面，2023年—2024年，伯镭科技实现收入分别为6956.5万元、1.71亿元；年内亏损分别为3247.9万元、6098.6万元。 2025年前三季度，公司实现收入为3.15亿元，同比增长819.9%；期内亏损为5866.6万元，而上年同期亏损为4562.2万元。 1月29日，上海伯镭智能科技股份有限公司（下称"伯镭智能"）正式向港交所递交申请，拟主板上市，中信证券与中信建投国际为联席保荐人。 IPO日报注意到，作为全球最大的纯电自动驾驶矿卡提供商，此次递表前，伯镭智能刚刚在1月23日获得了比亚迪的1亿元战略投资。 最大纯电自驾矿卡提供商 伯镭科技成立于2015年，是一家自动驾驶矿卡解决方案提供商，推行"无人化+电动化"的一体化战略，推动矿业向绿色、智能转型。 根据咨询公司灼识咨询的资料，于2024年，按出货量及收入计，伯镭科技是全球最大的纯电自动驾驶矿卡提供商，而按采用公司解决方案的矿山累计数量 计，截至2024年12月31日，其是全球最大的电动及自动化矿山解决方案提 ...

Core Viewpoint - Shanghai Boonray Intelligent Technology Co., Ltd. (Boonray Technology) is preparing for an IPO on the Hong Kong Stock Exchange, focusing on autonomous mining truck solutions and aiming to transform the industry through an integrated strategy of "automation + electrification" [1][2]. Business Overview - Boonray Technology, established in 2015, is a leading provider of autonomous mining truck solutions, emphasizing a strategy that integrates automation and electrification to drive industry transformation [2]. - The company has developed three synergistic business segments: Intelligent Vehicles, Intelligent Mining, and Intelligent Transportation [4]. Intelligent Vehicles - The Intelligent Vehicles segment focuses on the sales of fully electric autonomous mining trucks used in enclosed environments, which has been the largest revenue source for the company [5]. - Boonray Technology is the only supplier in the industry with its own production facilities and is the exclusive provider of integrated charging and swapping solutions for mining trucks [5]. - The company has achieved mass production of autonomous mining trucks and has secured orders for over a thousand units from leading mining service companies [5]. - By 2024, Boonray Technology is projected to be the largest global provider of electric autonomous mining trucks by shipment volume and revenue [5]. Intelligent Mining - The Intelligent Mining segment positions the company as a total contractor for smart mining solutions, offering an integrated solution covering the entire mining operation process from loading to transportation and energy replenishment [8]. - The company provides a comprehensive smart mining management platform, remote control systems for mining equipment, and intelligent charging and swapping systems [8]. Intelligent Transportation - The Intelligent Transportation segment offers unmanned transportation services for mining operations, relying on a self-invested and operated integrated system [9]. - Boonray Technology has established the first fully automated mining project in the industry, which has been operating safely 24/7 for nearly four years and has achieved unit-level profitability [9]. Financial Performance - For the fiscal years 2023, 2024, and the first nine months of 2025, Boonray Technology reported revenues of RMB 69.57 million, RMB 170.84 million, and RMB 315.21 million, respectively, with corresponding net losses of RMB 32.48 million, RMB 60.99 million, and RMB 58.67 million [15][16]. Shareholder Structure - Prior to the IPO, the largest shareholder group, led by Mr. Hu Xinyi and Dr. Yang Yang, collectively holds approximately 34.07% of the shares [11][12]. Management Team - The board of directors consists of 8 members, including 3 executive directors: Mr. Hu Xinyi (Chairman and CEO), Dr. Yang Yang (CTO), and Mr. Zhan Zhiyong (Vice President) [14].

智通财经APP获悉，据港交所1月29日披露，上海伯镭智能科技股份有限公司(简称：伯镭科技)向港交所主板递交上 市申请书，中信证券、中信建投国际为其联席保荐人。 公司围绕无人矿山运输这一核心，构建了三大协同业务板块，包括智车、智矿及智运。 智车 智车业务主营在封闭环境中使用的纯电自动驾驶矿卡的销售，于往绩记录期间是公司最大的收入来源。公司为矿山 服务企业、矿主及矿卡原始设备制造商等客户提供伯镭纯电自动驾驶矿卡及解决方案。 公司的智车业务收入主要通过以下方式产生：向终端客户直接销售车辆；向租赁公司销售车辆，随后该等已售予租 赁公司的车辆将通过固定期限租赁安排由租赁公司出租予终端客户；及销售包括公司的iDrive自动驾驶系统在内的自 动驾驶解决方案。 智矿 智矿业务的收入来源于整体解决方案套装，涵盖设备销售、安装调试以及运维服务费。此模式与智车分部形成协同 效应，主要服务于大型矿山企业，客户包括矿山服务企业及矿主。 智运 公司的智运业务为矿山提供无人运输服务，于2022年首次提供智运服务。采用公司智运服务的矿山项目，已成为公 司在产品及解决方案稳定性与可靠性等方面能力的标杆示范。 公司简介 招股书显示，伯镭科技致力 ...