12月9日，港交所官网显示，卧安机器人(深圳)股份有限公司(OneRobotics (Shenzhen) Co., Ltd. 下称：卧 安机器人)更新招股书。数据显示，2022-2024年，公司实现营业收入分别为2.746亿元、4.573亿元、 6.099亿元，三年复合年增长率(CAGR)高达49.0%。2025年上半年营收3.963亿元，同比涨幅超44%，业 绩增长势头迅猛。 卧安机器人目前已构建起活跃的用户生态，SwitchBot App全球注册用户突破350万，连接设备超1070万 台，超过55.9%的用户连接两款及以上产品，印证了其强大的用户粘性与品牌号召力。 卧安机器人作为首家于AI具身家庭机器人系统行业推出并将多款创新产品商业化的公司，通过强大的 技术实力及持续的大量研发投资，保持着源源不断的创新力。招股书显示，截至最近可行日期，卧安机 器人的研发团队成员达271人，占员工总数的比例为43.2%。同时，2022年至2024年，卧安机器人研发 开支始终保持约占公司收入的20%，公司在全球拥有312项专利，其中包括56项发明专利。 尤为引人瞩目的是，卧安机器人自主研发的全球首款AI网球机器人Acema ...

Core Viewpoint - Woan Robotics (Shenzhen) Co., Ltd. has officially submitted its IPO application to the Hong Kong Stock Exchange, aiming to become the "first AI embodied robot stock" [2][12]. Company Overview - Founded in 2015 by graduates from Harbin Institute of Technology, Woan Robotics focuses on AI embodied home robot systems and has developed a product ecosystem with 42 SPUs across seven categories [2][3]. - The company has gained significant traction in overseas markets, particularly in Japan and Europe, where it has a larger market share than domestic competitor Xiaomi [2][12]. Financial Performance - Woan Robotics reported revenues of RMB 2.75 billion, RMB 4.57 billion, and RMB 6.10 billion for 2022, 2023, and 2024 respectively, with a compound annual growth rate (CAGR) of 49.0% [12]. - Gross profits for the same years were RMB 0.94 billion, RMB 2.31 billion, and RMB 2.94 billion, achieving a CAGR of 83.1% [12]. - Despite revenue growth, the company has incurred net losses of RMB 86.98 million, RMB 16.38 million, and RMB 3.07 million for the respective years, primarily due to increased sales, distribution, and R&D expenses [12][13]. Market Position - Woan Robotics is recognized as the largest global supplier of AI embodied home robot systems, holding a market share of 11.9% as of 2024 [13][14]. - The company has established a strong presence in various segments, ranking first in finger robots and curtain robots, and fourth in door lock robots by retail sales [13]. Sales Channels - The majority of Woan Robotics' sales (over 95%) are generated from international markets, with Japan being the largest contributor [14][16]. - The company has developed a comprehensive sales and distribution network, leveraging platforms like Amazon to reach over 90 countries [14][16]. Funding and Valuation - Woan Robotics has undergone multiple funding rounds, increasing its valuation from RMB 20 million at the angel round to RMB 4.048 billion after the C round [7][12]. - The latest funding round before the IPO saw an investment of RMB 70 million from Brizan Ventures [6][12]. Use of IPO Proceeds - The funds raised from the IPO will be primarily allocated to enhancing R&D capabilities, expanding sales channels, increasing brand awareness, and general operational purposes [18].