Core Viewpoint - FJD, a supplier of robotic solutions and enabling technologies, has submitted its prospectus for an IPO on the Hong Kong Stock Exchange after raising a total of 1.176 billion RMB in multiple funding rounds [1]. Funding and Valuation - FJD completed a 400 million RMB financing round in October 2020, achieving a post-money valuation of 2 billion RMB, with an approximate share price of 1.8688 RMB [2]. - In November 2021, FJD raised 70 million USD in Series B funding, resulting in a post-money valuation of 624 million USD and a share price of approximately 0.4913 USD [2]. - The company raised 39 million USD in a B-1 round in November 2023, with a post-money valuation of 663 million USD, maintaining the same share price of 0.4913 USD [2]. Company Background - FJD was founded in December 2017 and focuses on creating digital models for the real world, facilitating automation in key workflows across agriculture, construction, and property management [6]. - The founder, Dr. Wu Di, has a background in system engineering and has held significant positions in various technology companies before establishing FJD [3]. Financial Performance - For the first half of 2025, FJD reported revenue of 358.276 million RMB, a 49.2% increase from 240 million RMB in the same period the previous year, with a loss of 151 million RMB compared to a loss of 198 million RMB in the prior year [4][9]. - Projected revenues for 2022, 2023, and 2024 are 500 million RMB, 530 million RMB, and 570 million RMB, respectively, with corresponding gross profits of 146 million RMB, 284 million RMB, and 367 million RMB [7]. Product Offerings - FJD launched several innovative products, including a 3D excavator guidance system in 2021, a high-performance 3D laser radar scanner in 2022, and various autonomous robots for agricultural and construction applications [6][7]. Shareholder Structure - The largest shareholder, including Dr. Wu and Simple Mindset, controls approximately 23.59% of the voting rights, with Tencent holding 16.47% and other investors like Dongfeng and various funds holding significant stakes [10][13].