智通财经APP获悉，1月9日，中国证监会发布《境外发行上市备案补充材料要求(2026年1月5日—2026 年1月9日)》。中国证监会国际司共对10家企业出具补充材料要求，其中，要求丰疆智能补充说明股权 架构搭建及返程并购的合规性等事项。据港交所9月26日披露，FJD Inc.(简称"丰疆智能")向港交所主板 提交上市申请书，摩根士丹利和中金公司为联席保荐人。 证监会请丰疆智能补充说明以下事项，请律师核查并出具明确的法律意见： 一、关于股权架构搭建及返程并购的合规性。请说明(1)持股5%以上的股东是否履行《关于境内居民通 过特殊目的公司境外投融资及返程投资外汇管理有关问题的通知》(37号文)的外汇登记，以及境内机构 股东是否履行对外投资等境内监管程序；(2)红筹架构搭建过程中，涉及收购境内主体的，请说明交易 对价、定价依据、税费缴纳等情况，是否符合《关于外国投资者并购境内企业的规定》；(3)境内运营 主体历史上涉及减资的，请说明交易对价、定价依据及公允性，相关决策程序履行及税费缴纳情况，是 否涉及虚假出资、抽逃出资，是否符合《公司法》和税收相关法律法规；(4)股权架构搭建及返程并购 过程符合当时有效的外汇管理、 ...

1月9日，中国证监会发布《境外发行上市备案补充材料要求(2026年1月5日—2026年1月9日)》。中国证 监会国际司共对10家企业出具补充材料要求，其中，要求丰疆智能补充说明股权架构搭建及返程并购的 合规性等事项。据港交所9月26日披露，FJD Inc.(简称"丰疆智能")向港交所主板提交上市申请书，摩根 士丹利和中金公司（601995）为联席保荐人。 证监会请丰疆智能补充说明以下事项，请律师核查并出具明确的法律意见： 二、请根据《监管规则适用指引——境外发行上市类第2号：备案材料内容和格式指引》要求，详细说 明发行人及境内运营主体设立情况及设立以来股本和股东变化情况，包括但不限于增资入股、股份转让 及相关价款支付情况；穿透说明持股5%以上股东的基本情况，境外私募基金中是否存在境内投资人； 律师就发行人及境内运营主体设立及历次股权变动是否合法合规发表核查意见。 招股书显示，FJD Inc.是一家全球机器人解决方案及相关赋能技术的供应商，透过为现实世界构建数字 化模型，并为农业与畜牧业、建筑业、物业管理业等关键工作流程带来自动化转型，从而释放人类潜 能。公司自主研发的软硬件集成系统将劳动力从重复性及繁琐任务中 ...

Core Viewpoint - The agricultural sector is facing labor shortages and rising costs, leading to increased interest in agricultural robots as a solution to enhance efficiency and reduce operational costs [1][2]. Company Overview - FJD Inc. (丰疆智能) is a leading supplier of robotic solutions, focusing on digital modeling and automation across agriculture, livestock, construction, and property management [2][3]. - The company has become the third-largest supplier of agricultural automatic navigation systems and the second-largest in the aftermarket segment, with market shares of approximately 8.5% and 16.9% respectively for 2024 [2][3]. Business Segments - The agricultural and livestock solutions segment has historically been the main revenue driver, but its revenue contribution has decreased from 94.7% in 2022 to an estimated 73.3% in the first half of 2025 [3][5]. - The construction solutions segment has emerged as a new growth engine, with revenue increasing from 893.8 thousand RMB in 2022 to 8,280.7 thousand RMB in 2024, raising its revenue share from 1.8% to 14.5% [3][5]. - The property management solutions segment has shown explosive growth, with revenue share increasing from 2.5% in 2022 to 9.5% in the first half of 2025 [4][5]. Financial Performance - The company's revenue has steadily increased, reaching 5.04 billion RMB in 2022, 5.30 billion RMB in 2023, and projected at 5.70 billion RMB for 2024 [5][6]. - Gross profit margins have improved significantly, from 29.0% in 2022 to 65.7% in the first half of 2025, attributed to a focus on high-margin products [6][7]. - Despite revenue growth, the company has faced losses, amounting to 3.33 billion RMB in 2022 and reducing to 1.51 billion RMB in the first half of 2025 [6][7]. Market Potential - The global market for agricultural robotics is expected to grow from approximately $7.6 billion in 2020 to $13.5 billion by 2024, with a compound annual growth rate (CAGR) of 15.4% [7][10]. - The construction robotics market is projected to expand from $1.8 billion in 2020 to $3.3 billion by 2024, with a CAGR of 16.4% [10][13]. - By 2029, the agricultural robotics market is expected to reach $27.6 billion, with a CAGR of 17.2%, while the construction robotics market is anticipated to grow to approximately $12 billion, with a CAGR of 29.5% [7][10]. Strategic Outlook - FJD Inc. is well-positioned to capitalize on the growing demand for automation and intelligent solutions in agriculture, construction, and property management, with a clear long-term growth trajectory [13].

Core Viewpoint - FJD Inc. has submitted a listing application to the Hong Kong Stock Exchange, with Morgan Stanley and CICC acting as joint sponsors [1] Company Overview - FJD Inc. is a global supplier of robotic solutions and related enabling technologies, focusing on automating workflows in agriculture, construction, and property management to enhance human potential [3] - The company has developed integrated hardware and software systems that free labor from repetitive tasks, allowing them to focus on work requiring human insight, judgment, and creativity [3] - FJD aims to provide user-friendly robotic solutions that address critical pain points in target industries, helping end-users improve efficiency and business growth [3] Market Position - FJD has rapidly developed into a global leader in the agricultural robotics market, ranking as the third-largest supplier of agricultural automatic navigation system kits and the second-largest supplier of aftermarket kits, with market shares of approximately 8.5% and 16.9% respectively in 2024 [3] Financial Performance - FJD's revenue for the fiscal years 2022, 2023, 2024, and the first half of 2025 was 504 million, 530 million, 570 million, and 358 million RMB respectively [4] - The company reported losses of 333 million, 471 million, 334 million, and 151 million RMB for the same periods [4] - The gross profit for the fiscal years 2022, 2023, 2024, and the first half of 2025 was 146 million, 284 million, 367 million, and 235 million RMB respectively [6]

Core Viewpoint - FJD Inc. has submitted a listing application to the Hong Kong Stock Exchange, with Morgan Stanley and CICC as joint sponsors, indicating its intention to expand its presence in the global robotics solutions market [1][3]. Company Overview - FJD Inc. is a global supplier of robotic solutions and related enabling technologies, focusing on automating workflows in agriculture, construction, and property management to enhance human potential [3]. - The company has developed integrated hardware and software systems that free labor from repetitive tasks, allowing them to focus on work requiring human insight, judgment, and creativity [3]. - FJD aims to provide user-friendly robotic solutions that address critical pain points in target industries, thereby improving efficiency and job satisfaction for end-users [3]. Market Position - FJD has rapidly developed into a leader in the agricultural robotics market, ranking as the third-largest supplier of agricultural automatic navigation system kits and the second-largest supplier of aftermarket kits, with market shares of approximately 8.5% and 16.9% respectively in 2024 [3]. Financial Performance - FJD's revenue for the fiscal years 2022, 2023, 2024, and the first half of 2025 was reported as 504 million, 530 million, 570 million, and 358 million RMB respectively [4][6]. - The company incurred losses of 333 million, 471 million, 334 million, and 151 million RMB for the same periods [4][6]. - Gross profit figures for the same years were 146 million, 284 million, 367 million, and 235 million RMB for the first half of 2025 [6].

Core Viewpoint - FJD Inc. has submitted an application for a mainboard listing on the Hong Kong Stock Exchange, aiming to expand its market presence and enhance its research and development capabilities in the robotics sector [1][3]. Company Overview - FJD Inc. is a global supplier of robotic solutions and enabling technologies, focusing on automating workflows in agriculture, construction, and property management to enhance human productivity [1]. - The company was founded by Wu Di in December 2017 and has rapidly developed into a leader in the agricultural robotics market, becoming the third-largest supplier of agricultural automatic navigation system kits and the second-largest supplier of aftermarket kits in 2024, with market shares of approximately 8.5% and 16.9% respectively [2]. Financial Performance - The company's revenue for the fiscal years 2022, 2023, 2024, and the first half of 2025 is projected to be 504 million, 530 million, 570 million, and 358 million respectively, while the losses for the same periods are expected to be 333 million, 471 million, 334 million, and 151 million [2]. Use of Proceeds - The funds raised from the listing will be utilized to expand the product matrix, explore untapped market potential, and continuously enhance research and development capabilities to strengthen core technologies and product offerings [3].