Core Viewpoint - The company, 极智嘉, is set to launch its IPO with a global offering of 140,353,000 H-shares, aiming to raise significant capital and attract strong cornerstone investors, indicating robust market confidence in its long-term value [1][2]. Group 1: IPO Details - The IPO period is from June 30 to July 4, with a proposed share price of HKD 16.80 per share [1]. - The offering includes 14,035,400 shares for public sale in Hong Kong (approximately 10%) and 126,317,600 shares for international sale (approximately 90%), with an additional 15% over-allotment option [1]. - The shares are expected to start trading on the Hong Kong Stock Exchange on July 9, 2025, under the stock code "02590" [2]. Group 2: Company Performance and Market Position - 极智嘉 is projected to be the largest provider of warehouse fulfillment AMR solutions globally by 2024, maintaining this leading position for six consecutive years [2]. - The company's revenue is expected to grow from CNY 790 million in 2021 to CNY 2.41 billion in 2024, reflecting a compound annual growth rate (CAGR) of 45% [2]. - Gross profit is anticipated to increase from CNY 80 million in 2021 to CNY 840 million in 2024, with a CAGR of 118.5%, and the gross margin is expected to reach 34.8% in 2024 [2]. Group 3: Global Strategy and Technological Advancements - The company has strategically targeted global markets, with over 70% of its revenue in 2024 coming from outside mainland China [3]. - It has delivered approximately 56,000 AMRs to over 40 countries and regions, establishing a strong international presence [3]. - The company has developed industry-leading technologies, including the Robot Matrix platform and a large-scale multi-robot scheduling system, enhancing its competitive edge [3]. Group 4: Investment Opportunity - The company leverages its technological moat to achieve large-scale commercial applications, providing investors with growth opportunities in the intelligent logistics transformation wave [4].