来源：猎云精选；文/邵延港 近日，农业无人机巨头极飞科技正式向港交所递表，华泰国际担任独家保荐人。这是自2022年5月撤回科创板IPO后，极飞科技第二次向资本市场发起冲 击。 极飞科技源自一群极客的梦想，在确立无人机的植保应用场景之后，业务就一直在此扎根。十八年后的今天，极飞科技通过深度融合先进机器人、智能化、 新能源技术，打造了一系列具有高精度作业能力、效率效益远高于人力劳动和传统农机的智能农业机器人，通过机器人代人的方式解决世界农业生产中无人 种地的问题。 根据弗若斯特沙利文的资料，2024年度极飞科技以10.7%和17.1%的市占率于世界农业机器人和农业无人飞机行业分别排名第二，排在第一位的则是极飞科 技最重要的竞争对手——大疆。 作为明星独角兽，极飞科技的背后，还有着软银、百度、高瓴及创新工场等众多明星机构的加持。 值得注意的是，与前次冲击上市时相比，极飞科技在2024年实现扭亏。但2025年上半年，极飞科技却有些增长乏力。 跨过亏损鸿沟，极飞科技再度闯关IPO 2021年11月，极飞科技向科创板递交上市申请，却于半年后终止了A股上市计划。 据悉，在前次IPO申请中，极飞科技进行过一轮问询，在审核问询 ...

「IPO全观察」 栏目聚焦首次公开募股公司，报道企业家创业经历与成功故事，剖析公司商业模式 和经营业绩，并揭秘VC、CVC等各方资本力量对公司的投资加持。 作者丨巴里 编辑丨关雎 图源丨极飞科技 近日，广州极飞科技股份有限公司（以下简称 "极飞科技"）正式向港交所递交上市申请，启动港股 IPO 进程。 这并非极飞科技首次冲刺资本市场 —— 2021 年 11 月，公司曾谋求在科创板上市，后在 2022 年 5 月因战略调整主动撤回申请。 极飞科技聚焦于打造农业机器人，目前其产品线已覆盖农业无人机、农业无人车、农机自驾仪以及物联网智慧农场系统等。 在资本层面，极飞科技已获得多轮融资，投资机构阵容强大，包括高瓴创投、百度资本、软银愿景基金、联通广新基金、创新工场和广州越秀资本等。 据弗若斯特沙利文研究数据显示，截至 2024 年，极飞科技在全球农业机器人市场及农业无人机领域的市场份额分别达到 10.7% 与 17.1% ，在这两个 细分领域均位列全球第二。 2024 年，公司成功实现扭亏为盈，录得净利润 7040 万元， 2025 年前六个月利润为 1.3 亿元，同比增长 49.1% 。 福建 80 后博士 瞄准 ...

近日，来自广东广州的广州极飞科技股份有限公司（简称"极飞科技"）拟在香港联交所主板挂牌上市， 华泰国际担任其独家保荐人。这次其二度冲刺资本市场，极飞科技曾于2021年申请科创板上市、但因战 略调整与2022年5月主动撤回。 极飞科技的产品主要包括农业无人机（比如能自动喷药、撒肥的飞天机器人）、农业无人车（在地上跑 的耕地机器）、农机自驾仪（给拖拉机装上"自动驾驶"脑子）和智能农场设备（用传感器监控土壤、水 分啥的）等。 其无人机一天能喷上千亩地，比人工快10倍，还省30%的农药和90%的水，这样农民省钱、省力。 根据弗若斯特沙利文的资料，于2024年度极飞科技以10.7%和17.1%的市占率在世界农业机器人和农业 无人飞机行业分别排名第二。 站在2025年的时间节点，让我们来看看农业机器人有哪些新的市场需求？ 01 命运，在2013年迎来了转折。 极飞科技创始人彭斌，1982年出生于福建三明，自小就对航模与机器人有着近乎痴迷的热爱。 从西安电子科技大学毕业后，他成为程序员，连续三年斩获微软MVP奖项，还担任了微软（广州） NET俱乐部主席等职务，成为业内小有名气的技术专家。 但在代码与程序之外，飞行始终是他无 ...

Core Viewpoint - Guangzhou XAG Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with Huatai International as the sole sponsor, indicating a significant step towards public offering in the agricultural robotics sector [1] Company Overview - Established in 2007, XAG Technology is a global leader in agricultural robotics, aiming to enhance agricultural productivity through advanced robotics, intelligent technology, and renewable energy [1] - The company develops a range of intelligent agricultural robots, including agricultural drones, unmanned vehicles, autonomous driving instruments, and smart farm IoT products, addressing the critical issue of "unmanned farming" [1] Financial Performance - For the fiscal years ending December 31, 2022, 2023, and 2024, and for the six months ending June 30, 2025, XAG Technology reported revenues of approximately 605 million RMB, 614 million RMB, 1.066 billion RMB, and 745 million RMB respectively [1] - The company's profit and total comprehensive income for the same periods were approximately -254 million RMB, -133 million RMB, 70.407 million RMB, and 130 million RMB, indicating a transition from losses to profitability [1] Investment History - Since its inception, XAG Technology has completed seven rounds of financing, with the most recent round occurring in July 2023, where it received strategic investment from the Kai Investment Industrial Fund [1]

Core Viewpoint - Jifei Technology has submitted a listing application to the Hong Kong Stock Exchange, with Huatai International as its sole sponsor [1] Company Overview - Jifei Technology is a global leader in agricultural robotics, aiming to enhance agricultural productivity [1] - According to Frost & Sullivan, Jifei ranks second in the global agricultural robotics and agricultural drone industry for the year 2024, with market shares of 10.7% and 17.1% respectively [1] Product Offerings - The company integrates robotics, intelligence, and new energy technologies to develop a range of smart agricultural robots, including agricultural drones, unmanned agricultural vehicles, autonomous farming machinery, and smart farm IoT products [1] - Jifei's agricultural drones are among the first in China to be applied in agricultural production, capable of addressing complex terrains and providing efficient, flexible, and environmentally friendly solutions to industry challenges such as labor shortages and excessive pesticide use [1] - The agricultural unmanned vehicles are designed to meet diverse farming needs in economic crop planting scenarios and complement the agricultural drones [1] Recognition and Achievements - In 2025, Jifei was recognized as a national key "little giant" enterprise and in 2024 as a national manufacturing single champion enterprise [1]

Core Viewpoint - Guangzhou XAG Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Huatai International as its sole sponsor [1]. Company Overview - XAG Technology is a leading global agricultural robotics company focused on enhancing agricultural productivity. It ranks second in the global agricultural robot and agricultural drone markets with market shares of 10.7% and 17.1% respectively for the year 2024, according to Frost & Sullivan [3]. - The company has developed a range of intelligent agricultural robots that integrate advanced robotics, smart technology, and renewable energy, addressing the significant global agricultural challenge of labor shortages [3]. Product Development - In less than a decade, agricultural drones have become essential in Chinese agriculture. XAG Technology has expanded its product offerings to include agricultural unmanned vehicles, autonomous farming devices, and smart farm IoT products [9]. - The agricultural drones developed by the company can perform precise spraying, intelligent sowing, and field monitoring, even in complex terrains such as paddy fields, orchards, and hilly areas, providing efficient, flexible, and environmentally friendly solutions [9]. - The agricultural unmanned vehicles complement the drones by meeting diverse farming needs in economic crop planting scenarios, featuring functions like precise pesticide spraying and agricultural material transportation [10]. - The company has also developed autonomous driving devices for tractors, transplanters, and harvesters, allowing for automated and precise agricultural operations [11]. Financial Performance - The company reported revenues of approximately RMB 605 million, RMB 614 million, RMB 1.066 billion, and RMB 745 million for the years 2022, 2023, 2024, and the first half of 2025 respectively. The profit and total comprehensive income for the same periods were approximately -RMB 254 million, -RMB 133 million, RMB 70.4 million, and RMB 130 million [11][12].

据招股书，极飞科技是一家全球领先的农业机器人公司，以提升农业生产效率为使命。根据弗若斯特沙 利文的资料，2024年度该公司以10.7%和17.1%的市占率于世界农业机器人和农业无人飞机行业分别排 名第二。通过深度融合先进机器人、智能化、新能源技术，该公司打造了一系列具有高精度作业能力、 效率效益远高于人力劳动和传统农机的智能农业机器人，持续通过机器人代人的方式解决世界农业生产 最大的需求——无人种地问题，引领产业革命。 经过18年在农业机器人研发、销售等领域的深耕，该公司于2025年获工业和信息化部认定为重点小巨人 企业，并于2024年获工业和信息化部认定为国家级制造业单项冠军企业，并取得了诸多显著成就，重点 如下： 智通财经APP获悉，据港交所9月25日披露，广州极飞科技股份有限公司(简称：极飞科技)向港交所主板 递交上市申请，华泰国际为其独家保荐人。 不到十年时间，农业无人飞机已成为中国农业生产中不可或缺的设备。凭借对不同作业任务和地形下农 作物管理多样化需求的深刻理解，以及在农业无人飞机研发中的底层技术，该公司进一步拓展了产品矩 阵，推出农业无人车、农机自驾仪及智能农场物联网产品。该公司亦开发移动应用程 ...

Group 1 - The 2025 Bund Conference in Shanghai showcases advancements in artificial intelligence across various sectors, featuring nearly 200 companies and over 30 new technology products [1] - Fudan University's Fuxi meteorological model provides global weather forecasts for the next 15 days, aiding agricultural production with precise data on temperature, wind speed, and precipitation [2] - AI is expected to significantly reshape society and drive industrial upgrades and economic structural changes, as stated by Zhang Hongjiang, a partner at Source Code Capital [2] Group 2 - AI is enhancing healthcare with applications like Fourier's "Smart Rehabilitation Port," which uses upper limb rehabilitation robots, and Ant Group's AI health application AQ, which mimics a doctor's diagnostic process [2] - Ant Group's CEO, Han Xinyi, emphasizes that AI in healthcare aims to provide personalized and accurate recommendations, although AI will not replace doctors in the foreseeable future [2] - Experts at the conference noted the deep integration of AI across various industries and sectors [2] Group 3 - The integration of AI and robotics is giving rise to the embodied intelligence industry, which involves three stages: perception, planning, and control [4] - Future AI is expected to learn through real-world interactions, evolving from a data-driven learner to an experiential explorer [4] - Challenges in embodied intelligence development include data collection and quality issues, as well as difficulties in aligning models with robotic control modalities [4] Group 4 - The current state of AI is likened to a desert with only a few opportunities, indicating a potential for explosive growth in the field [5] - The conference featured demonstrations of robots engaging in activities like boxing, showcasing the practical applications of AI and robotics [5]

Core Insights - The article highlights the rapid growth of drone exports from Guangzhou, particularly in the agricultural sector, with a reported increase of 252% year-on-year in the first five months of 2025, surpassing 6,134 units exported, with over 50% being agricultural protection drones [1] - Guangzhou's innovative "four ones" service system, which includes a streamlined approval process, is facilitating the international expansion of local drone companies [1][2] Export Facilitation - The establishment of a green channel and whitelist mechanism has significantly reduced the export license approval time from two months to a much shorter duration, which is crucial for companies to secure international orders [2] - Guangzhou XAG Technology Co., Ltd., a leading smart agriculture technology company, is leveraging these government initiatives to enhance its export efficiency and compliance [2][3] Market Expansion - The 137th Canton Fair has introduced a service robot section, attracting international buyers and showcasing XAG's latest agricultural drone technologies [4] - Government efforts are also focused on enhancing financial support for drone companies, with tailored financing solutions that have resulted in reduced loan interest rates, thereby accelerating research and development [4] Industry Ecosystem Development - Guangzhou is actively building a comprehensive ecosystem for drone exports, supported by policies and initiatives aimed at fostering innovation and compliance in the low-altitude economy [6] - The city has implemented 16 new policies to support business growth and has conducted numerous policy briefings to assist over 4,000 companies [4][6]