Core Viewpoint - Ledong Robotics is a leading global full-stack intelligent robotics company based on perception intelligence, focusing on visual perception technology and its applications in various scenarios [5][8]. Company Overview - Ledong Robotics was founded in 2017 by Zhou Wei and Guo Gaihua, both graduates of Huazhong University of Science and Technology [7]. - The company is headquartered in China and is strategically expanding its overseas market presence, with R&D and production bases in Shenzhen and a technical support center in Suzhou [7]. - Ledong has established partnerships with over 300 robotics and related companies, reaching end-users in more than 50 countries and regions [7]. Market Potential - The global intelligent robotics market is projected to grow from RMB 158.3 billion in 2020 to RMB 369 billion in 2024, with a compound annual growth rate (CAGR) of 23.6% [8]. - The market is expected to further expand to RMB 1,005.8 billion by 2029, with a CAGR of 22.2% from 2024 to 2029 [8]. Technology and Products - Ledong Robotics has a comprehensive product matrix for intelligent robotics visual perception technology and has pioneered several innovative laser radar products [5]. - The company’s visual perception technology is expected to enable over 6 million intelligent robots by 2024, making it the largest company in this sector based on revenue [5]. Financial Performance - Ledong's revenue increased from RMB 234 million in 2022 to RMB 277 million in 2023, and is projected to reach RMB 467 million in 2024 [12]. - The gross profit rose from RMB 63.9 million in 2022 to RMB 71.1 million in 2023, with further growth expected to RMB 91.3 million in 2024 [12]. - The company reported a net loss of RMB 73.1 million in 2022, which decreased to RMB 68.5 million in 2023, and is projected to further reduce to RMB 56.5 million in 2024 [14]. R&D and Future Plans - R&D expenses were RMB 96.7 million in 2022, accounting for 41.4% of revenue, and are expected to decrease to RMB 51 million in 2025, representing 13.2% of revenue [14]. - The funds raised from the upcoming IPO will be allocated to enhance visual perception technology, brand building, international expansion, production capacity optimization, and exploring potential investments and acquisitions [14].

Core Viewpoint - Ledong Robotics has submitted its IPO application to the Hong Kong Stock Exchange, aiming to leverage its expertise in intelligent robot visual perception technology for growth in the rapidly expanding smart robotics market [1][3]. Company Overview - Ledong Robotics, established in 2017 and converted to a joint-stock company in 2022, focuses on developing intelligent robot infrastructure centered around visual perception technology [3]. - The company provides visual perception products and complete intelligent robot solutions for various applications, including cleaning robots, lawn mowers, service robots, and logistics robots [3]. Financial Performance - Ledong Robotics reported revenues of 234 million yuan, 277 million yuan, and 467 million yuan for the years 2022, 2023, and 2024, respectively, with a 97% year-on-year revenue growth in the first half of the current year, totaling 386 million yuan [3][4]. - Despite revenue growth, the company has been operating at a loss, with net losses of 73.13 million yuan, 68.49 million yuan, and 56.48 million yuan projected for 2022, 2023, and 2024, respectively, and a loss of 13.78 million yuan in the first half of this year [4]. Market Potential - The global smart robotics market is projected to grow from 158.3 billion yuan in 2020 to 369 billion yuan by 2024, with a compound annual growth rate (CAGR) of 23.6%, and expected to reach 1,005.8 billion yuan by 2029, with a CAGR of 22.2% from 2024 to 2029 [8]. - Ledong Robotics is positioned as the largest company globally in the visual perception technology sector for intelligent robots, with over 6 million units expected to be equipped with its technology by 2024 [3][8]. Investment and Funding - Ledong Robotics has attracted significant investment from notable capital firms, completing multiple funding rounds since its inception, with the latest being a Series C round in February 2022 [6][8]. - Investors include prominent names such as Deep High-tech Investment, Hupu Capital, and Yuanjing Capital, indicating strong market confidence in the company's potential [6]. Future Plans - The funds raised from the IPO are intended to enhance research and development in intelligent robot visual perception technology, upgrade AI algorithms, optimize product offerings, and expand production capacity and overseas market presence [9].

Core Viewpoint - Ledong Robotics has submitted its IPO application to the Hong Kong Stock Exchange, aiming to leverage its expertise in intelligent robot visual perception technology for growth in the rapidly expanding smart robotics market [1][2]. Group 1: Company Overview - Ledong Robotics, established in 2017, focuses on the research and development of intelligent robot visual perception technology and has transitioned to a joint-stock company in 2022 [2]. - The company specializes in creating intelligent robot infrastructure centered around visual perception, enabling various applications such as cleaning robots, delivery robots, and inspection robots [2]. - By 2024, Ledong Robotics is projected to be the largest global company in intelligent robots utilizing visual perception technology, with over 6 million units expected to be deployed [2]. Group 2: Financial Performance - Ledong Robotics reported revenues of 234 million yuan, 277 million yuan, and 467 million yuan for the years 2022, 2023, and 2024, respectively, with a significant year-on-year revenue growth of 97% in the first half of 2023 [2][3]. - Despite revenue growth, the company has faced continuous net losses, with figures of 73.13 million yuan, 68.49 million yuan, and 56.48 million yuan for 2022, 2023, and 2024, respectively, and a loss of 13.78 million yuan in the first half of 2023 [3]. - The product gross margin has declined from 27.3% in 2022 to 19.5% in 2024, although it rebounded to 25.4% in the first half of 2023 [3]. Group 3: Investment and Market Potential - Ledong Robotics has attracted significant investment from notable capital firms, completing multiple financing rounds since its inception, with the latest being a Series C round in February 2022 [4]. - The global smart robotics market is expected to grow from 158.3 billion yuan in 2020 to 369 billion yuan by 2024, with a compound annual growth rate (CAGR) of 23.6%, and projected to reach 1,005.8 billion yuan by 2029 [6]. - The competitive landscape in the intelligent robot visual perception technology sector is intense, with leading players establishing significant technological barriers through advanced environmental perception and decision-making algorithms [6]. Group 4: IPO Fund Utilization - The funds raised from the IPO are intended to enhance research and development in intelligent robot visual perception technology, upgrade AI algorithms, optimize product offerings, and expand production capacity and overseas market presence [7].