8月22日，深圳市光明区人工智能孵化器揭牌仪式暨应用场景发布活动举行，光明区首个人工智能"零租 孵化器"——"光引粒・人工智能创想空间"在华强科技生态园揭牌成立。本次活动在产业空间拓展、应 用场景发布、优质企业引进、创业智囊储备、算力资源配置等方面取得了一系列成果。 首批意向入驻企业签约 "光引粒・人工智能创想空间"位于华强科技生态园9栋15-18层，首期规划超1万平方米，提供拎包入 驻、最高3年免租场地。据悉，该孵化器采用"市场主导、政策支持"方式建设运营，并引入深圳理工大 学作为技术合作方，共同打造孵化器品牌"光引粒"，为入驻企业提供创业指导、场景拓展、融资支持、 技术协同等培育服务。 活动现场，万屏时代、枢途科技、速博达、智坤动力、塔其米、为思润华科技、纳智传感科技等作为首 批意向入驻企业登台签约，开启"零租孵化器"赋能企业成长、助力产业升级之路。 聘请首批人工智能创业导师 创业导师将为人工智能初创企业在资金支持、资源对接、技术攻关等方面提供创业指导服务，助力优质 人工智能科技项目成果转化，不断提高市场竞争力。 发布人工智能应用场景清单 为加速人工智能技术赋能千行百业，本次活动聚焦"AI+工业""AI+ ...

Core Viewpoint - Woan Robotics is preparing for an IPO, focusing on smart home robotics and claiming to be the largest AI-driven home robotics system provider globally, with a market share of 11.9% as of 2024 [1][2]. Financial Performance - Revenue projections for Woan Robotics from 2022 to 2024 are 275 million RMB, 457 million RMB, and 610 million RMB, respectively, indicating a compound annual growth rate (CAGR) of 49.0% [2]. - Gross profit for the same period is projected to be 94 million RMB, 231 million RMB, and 316 million RMB, with a CAGR of 83.1% [2]. - Gross margins are expected to improve from 34.3% in 2022 to 51.7% in 2024 [2]. - The company is nearing breakeven, with an adjusted net loss rate of 0.5% in 2024 and positive adjusted EBITDA of 5.81 million RMB in 2023 and 26.08 million RMB in 2024 [2]. Research and Development - R&D expenditures from 2022 to 2024 are projected at 62 million RMB, 89 million RMB, and 112 million RMB, with a CAGR of 34.7% [2]. - As of June 3, 2025, the R&D team consists of 219 members, accounting for 50.7% of total employees, and the company holds over 269 patents, including 43 core innovation patents [2]. Market Presence - Woan Robotics primarily targets overseas markets, with revenue distribution in 2024 expected to be 57.7% from Japan, 21.4% from Europe, and 15.9% from North America [3][4]. - The company faces risks related to its reliance on foreign markets, including currency fluctuations and tariff pressures, with a projected exchange loss of 6.5 million RMB in 2024 due to yen depreciation [4][5]. Sales Channels - In 2024, 64.2% of Woan Robotics' revenue is expected to come from Amazon channels, with 35.8% from Amazon VC wholesale and 28.4% from Amazon SC third-party seller channels, indicating a high dependency on Amazon [5][6]. Supply Chain Challenges - Despite its market presence, Woan Robotics sources 90% of its raw materials from China, leading to concerns about supply chain resilience amid increasing competition from tech giants like Google and Amazon in the home robotics sector [7].

Core Viewpoint - If Woan Robotics successfully lists in Hong Kong, it will become the world's first stock for AI embodied home robots, holding a leading market share of 11.9% in the AI embodied home robot system sector according to Frost & Sullivan [2] Group 1: Company Overview - Woan Robotics was founded in 2015 by two alumni from Harbin Institute of Technology and has submitted its listing application to the Hong Kong Stock Exchange ten years later [2] - The company has generated revenues of 275 million yuan, 457 million yuan, and 610 million yuan from 2022 to 2024, approaching breakeven in 2024 with an adjusted net loss rate of 0.5% [2] - The company’s revenue is primarily derived from AI embodied home robot system products and other smart home products and services, with the former including dexterous robots and enhanced mobile robots [2] Group 2: Product and Market - Woan Robotics has a product matrix covering seven categories with a total of 42 standard product units (SPUs), including various types of service robots sold in over 90 countries and regions [3] - From 2022 to 2024, the Japanese, European, and North American markets contributed 95.5%, 95.6%, and 95% of the company's total revenue, with Japan being the largest market [3] - The sales and distribution network includes direct-to-consumer (DTC) channels, retail channels, and distribution channels, with significant sales through major e-commerce platforms like Amazon [3] Group 3: Financial Performance - The net losses for Woan Robotics from 2022 to 2024 were 86.934 million yuan, 16.287 million yuan, and 2.674 million yuan, primarily due to R&D and sales expenses [5] - The adjusted EBITDA was negative in 2022 but turned positive in 2023 and 2024, with figures of 5.814 million yuan and 26.081 million yuan respectively [5]

（文/陈济深 编辑/张广凯） 3月30日晚，"人形机器人第一股"优必选发布2024年业绩报告。 报告显示， 2024年优必选总营收13.05亿元，同比增长23.7%；实现毛利3.74亿元，同比增长12.4%，毛 利率为28.7%，较去年下降了2.8个百分点；期内净亏损11.60亿元，同比收窄8.3%，经调整EBITDA 为-6.09亿元，较2023年的-5.16亿元亏损同比扩大18.0%。 就在去年年底，当优必选新一代工业版人形机器人Walker S和优必选创始人周剑在港交所舞台一起敲响 铜锣时，被称为"人形机器人第一股"的优必选给人无限的遐想，然而目前来看，优必选似乎离盈利越来 越远了。 值得注意的是，市场关注的人形机器人领域并非优必选收入增长的关键，在3月31日的业绩交流会上， 优必选首席财务官兼董事会秘书张钜表示，公司去年人形机器人收入约3500万元。优必选投资者关系负 责人陈建泉则表示，2024年交付的人形机器人是10台。 对于公司持续亏损的现状，陈建泉表示："盈亏平衡不是我们现阶段追求的最重要目标，更大的方向性 （目标）是要让人形机器人从'天上飘着'的状态变为真正落地。" 财报公布后隔日，公司宣布继 ...