作者 | 黄昱 编辑 | 周智宇 7月9日，港交所首次迎来了6面铜锣同时排开的历史性场面，其中有一半铜锣为AI相关企业而敲响。这是AI相关企业掀起上 市热潮的缩影。 今年以来，港股迎来新一波上市热潮，其中AI相关企业延续去年科技指数热点成为重要引擎。 近日，第一太平戴维斯中国区估值及专业顾问服务主管黄国钧在与华尔街见闻的独家对话中提到，今年赴港上市的AI相关企 业数量激增，其所服务的赴港上市客户中，AI相关企业数量也有明显增加。 他指出，去年至今已有超过20家AI相关企业申请港交所上市，其中不乏估值超过10亿美元的"独角兽"正在排队递表。 从AI解决方案提供商云知声到"自动驾驶独角兽"地平线，从"杭州AI六小龙"之一的群核科技到乐动机器人，这些企业涵盖语 音交互、自动驾驶、机器人控制、AI芯片等多个前沿领域。 据悉，港交所目前已有超过160家企业排队申请上市，其中Al相关企业占比逐渐上升，数量上比过去明显更多。 AI相关公司上市潮的背后，有港交所政策的明确支持。港交所《上市规则》第18C章节自2023年3月正式推出，并根据资本市 场环境于2024年8月就18C上市条件进行了调整，较大幅度降低了相关企业以港股1 ...

Group 1: Transformation of Guangdong Manufacturing - Guangdong has transformed from a "world factory" to a "smart manufacturing highland," showcasing technological advancements in various sectors such as autonomous driving, drones, and smart equipment [1] - The province has maintained its position as the leading region in GDP for 36 consecutive years, with high-tech manufacturing value added increasing by 10.2% in 2024, accounting for 32.0% of the total industrial value added [1] Group 2: Growth of the Drone Industry - Guangdong's drone industry is rapidly advancing, with over 15,000 companies in the low-altitude economy, generating a market size exceeding 100 billion yuan [2] - Shenzhen's low-altitude aerospace industry achieved double-digit growth in 2024, while Zhongshan's drone sector generated over 5.7 billion yuan in sales [2] Group 3: Robotics and Automation - Guangdong has become China's largest intelligent robot industry cluster, with revenues exceeding 90 billion yuan in 2024 [6] - The Guangdong Intelligent Robot Research Institute and Shenzhen AI and Robotics Research Institute are fostering innovation and application in the robotics sector [7] Group 4: Financial Support for Innovation - Since 2022, Guangdong has signed strategic cooperation agreements with 23 national financial institutions, resulting in 233 specific cooperation projects worth 1.31 trillion yuan [16] - The province's technology credit balance grew by 23% in 2024, with private equity and venture capital management numbers leading the nation [17] Group 5: Talent Development and Education - Guangdong is implementing the "Million Talents Gather in South Guangdong" initiative to attract graduates and various talents, with over 1.2 million job openings identified [19] - The province has established 28 city-level industry-education joint bodies and 216 open regional industry-education integration practice centers [21]

Core Viewpoint - The Hong Kong stock market is rapidly becoming a prime location for domestic robotics companies to raise funds, with 10 robotics and related industry companies filing for IPOs this year [1][2]. Group 1: Market Dynamics - The favorable financing environment in Hong Kong, characterized by a higher acceptance of emerging technology companies and lower listing thresholds, has attracted robotics firms [2][7]. - The clustering of robotics companies in Hong Kong reflects their critical development phase, necessitating capital market support to accelerate commercialization [2]. Group 2: Company Positioning - Companies are strategically positioning themselves as leaders in their respective niches, with firms like Geek+ aiming to be the "first stock" in the AMR (Autonomous Mobile Robot) sector, while others like Standee Robotics target industrial intelligent mobile robots [3][4]. - Geek+ is recognized as the global leader in warehouse fulfillment AMR solutions, with a projected revenue ranking it as the largest provider by 2024, serving 806 global clients and delivering 56,000 units [3]. - Standee Robotics is positioned as the fifth largest provider of industrial intelligent mobile robots, holding a market share of 3.2% [3]. Group 3: Financial Performance - Many of the recently listed robotics companies are currently unprofitable, with seven out of ten companies applying for IPOs reporting losses, highlighting the competitive and high-investment nature of the industry [6][7]. - Specific losses include Geek+ and Estun, each projected to lose over 800 million RMB in 2024 due to limited demand and increased competition in the mobile warehousing and manufacturing sectors [6]. - The overall market for industrial robots in China is expected to decline by 5% in 2024, influenced by reduced investments in downstream sectors like photovoltaics and lithium batteries [6]. Group 4: Strategic Importance of IPOs - Listing on the Hong Kong stock exchange provides essential funding for robotics companies to enhance technology development, market expansion, and brand building [7]. - The ability of Hong Kong to accommodate unprofitable companies for IPOs offers a significant opportunity for robotics firms that require substantial upfront investment [7]. - The relatively short IPO process in Hong Kong is a key factor driving robotics companies to seek listings there, facilitating the formation of a comprehensive robotics sector that attracts investor attention [7].

开栏的话 习近平总书记在致全国青联十四届全委会和全国学联二十八大的贺信中指出，以中国式现代化全面推进 强国建设、民族复兴伟业，青年大有可为。当代青年生逢其时、重任在肩，既是亲历者、见证者，更是 生力军、突击队。即日起，本报开设"争做新时代好青年"专栏，展现我省青年在科技创新前沿、乡村振 兴舞台、绿色发展一线、社会服务基层、卫国戍边前线等领域拼搏不息、绽放芳华的昂扬精神风貌，为 奋力书写挺膺担当的青春篇章而不忘初心、拼搏奋斗的感人故事。 "时代将加快推进高水平科技自立自强的责任赋予青年，而河南的创新创业生态为青年实现理想提供了 沃土。"7月3日，正在北京参加全国青联十四届全委会的全国青联委员、中原动力智能机器人有限公司 联合创始人兼CEO林杰告诉记者，他带领的这支平均年龄仅28岁的青年团队，正是秉承"始于中原，驱 动世界"的愿景，从而不断攻克技术难题，将研发成果转化为百余个标杆项目。 中原动力是中原科技城首批签约入驻的企业，自2020年5月正式运营至今，公司先后被认定为国家高新 技术企业、国家科技型中小企业、河南省专精特新中小企业、河南省人工智能机器人研发创新平台，这 些都离不开深厚的技术积淀和强大的人才团队。 ...

Group 1 - The core viewpoint of the news is that Hongdao Investment has conducted research on a listed company, Zhimi Intelligent, focusing on its business segments and revenue distribution [1] - Zhimi Intelligent's revenue breakdown shows that the industry terminal business accounts for 64.38%, ICT infrastructure business 15.65%, industrial IoT business 3.75%, and intelligent computing business 7.46% [1] - The company is developing multiple products based on various chip platforms for its robotics controller business and is paying attention to companies in the robotics supply chain [1] Group 2 - The intelligent computing business provides high-performance infrastructure lifecycle services and plans to offer flexible computing power leasing services through the HT computing power service cloud platform [1] - Zhimi Intelligent's proprietary brand business covers multiple application areas, with major clients including Aopu Te, BYD, and Li Auto [1] - Hongdao Investment, founded in March 2010, is a well-known private equity investment fund in China, with a strong team and a successful track record in investment management [2]

证券代码：001339 证券简称：智微智能 深圳市智微智能科技股份有限公司 投资者活动记录表 编号：2025-009 投资者关系活动类别 ☑特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他（线上会议） 参与单位名称及 人员姓名 平安基金 薛冀颖 中银国际证券 杨思睿 北京鸿道投资 方云龙 时 间 2025/7/1 地 点 公司会议室 上市公司接待 人员姓名 董事会秘书 张新媛 IRD 汪伟杰 投资者关系活动 主要内容介绍 一、公司基本情况介绍 深圳市智微智能科技股份有限公司（股票代码：001339） 是国内领先的智联网硬件产品及解决方案提供商，国家高新 技术企业，国家"专精特新"小巨人企业。公司秉承"构建数 智底座，共创智能未来"的使命，致力于为产业数智化发展 提供强大的硬件底座，全面推动智联网场景化应用。公司构 建了基于多场景的产品定义、多形态的产品研发、柔性制造 与供应链、数智化信息化管理体系等核心能力。 智微智能基于自主研发和新技术的应用，不断优化产品 结构，完善产品方案。智微智能主营业务覆盖行业终端（如 PC、OPS、云终端等）、ICT 基础设施（服务 ...

证券代码：300916 证券简称：朗特智能 | 3、中美关税政策的变动对公司的经营会有什么影响？ | | --- | | 答：目前公司直接出口美国的占比较小，4%左右，因 | | 此关税的直接冲击并不显著。 | | 4、泰国工厂规划6月进入生产阶段，主要供应哪些产 | | 品？ | | 答：泰国工厂将主要供应PCBA产品以及成品类产品， | | 包括感应垃圾桶、洗手液、电动工具、卷纸机、香薰机、 | | 激光雕刻机等。 | | 5、当前消费电子业务营收占比44%（2024年），其中 | | 雾化控制器平台贡献显著。未来是否计划将雾化控制器 | | 技术扩展至其他雾化新场景？ | | 答：公司目前的雾化控制器主要应用于电子烟，公司将 | | 充分利用自身在雾化控制器技术方面的优势，积极拓展雾 | | 化医疗和雾化美容等新场景，为公司创造新的业务增长 | | 点，同时也为消费者提供更多优质的产品和服务。 | | 6、消费电子业务毛利率为12.26%，是否通过技术升级 | | （如AI算法集成）或客户结构优化（如高端品牌合作） | | 提升利润率？ | | 答：针对消费类电子业务，公司未来会通过技术升级， | | ...

今年以来，国产机器人迎来融资、上市潮。6月19日，在春晚舞台惊艳亮相的宇树科技近期从更名到股 改再到完成C轮融资交割，频频被传即将IPO；6月16日，仓储机器人极智嘉更新招股书，欲冲刺"全球 仓储AMR第一股"；6月6日，智能清洁机器人石头科技宣布拟赴港上市。 截至2024年12月31日，仙工智能控制器适配超过300种零部件，并支持超过1500家集成商与终端客户。 截至目前，基于仙工智能平台部署的机器人已经超过1000种款型，覆盖3C、汽车、自动化设备、新能 源、半导体、工程机械、生物医药等超过20个细分行业。 5月30日，专注于智能机器人视觉感知技术及产品研发设计的乐动机器人向港交所递交上市申请书，拟 在主板挂牌上市。尽管乐动机器人已量产了两代割草机器人以期打造第二增长曲线，但乐动机器人的最 大营收仍自于其传感器和算法模组等视觉感知产品。2022—2024年，视觉感知产品分别给乐动机器人贡 献了97.8%、99.1%和94%的营收。根据灼识咨询数据，以2024年收入计，乐动机器人在以视觉感知为核 心的智能机器人公司，全球市场份额1.6%，排名第一，排名第二、三位的公司市场份额分别是1.5%和 1.4%。 6 ...

仙工智能成立之后，便迅速推出了集导航、功能安全于一体的安全型机器人控制器SRC-3000FS，完美 匹配欧美市场客户需求，并于2024年深入具身智能领域，推出一体化具身智能控制器。2022年，仙工智 能全系列企业数字化软件上市，目前已形成了覆盖"设备控制—物流调度—数据可视化"的完整数字化体 系，包含M4智能物流管理系统、Meta可视化系列产品，全面提升企业数字化能力。 本报记者袁传玺 在科技革命的浪潮中，智能机器人正以颠覆性姿态重塑人类生产与生活图景。作为人工智能与机械工程 的结晶，智能机器人突破传统自动化边界，通过深度学习、环境感知与自主决策能力，在工业制造、医 疗护理、公共服务等领域展现出前所未有的适应性与创造力。 近日，以控制系统为核心的智能机器人公司——上海仙工智能科技股份有限公司（以下简称"仙工智 能"）在港递交招股书，计划通过18C章程在港挂牌上市，这也使其成为第一家以18C章程公开赴港上市 的上海特专科技企业（香港交易所为特定高科技领域企业设立的上市分类）。 6月5日，仙工智能创始人兼CEO赵越在接受《证券日报》记者专访时表示，IPO募集的资金，将助力公 司推进尖端AGI（通用人工智能）及具身 ...

Core Insights - The article highlights the journey of Chengdu Kanop Robot Technology Co., Ltd., which has evolved from a small startup to a national-level specialized "little giant" in the industrial robotics sector, reflecting the broader development of China's industrial robot market [1][2][6]. Company Development - Founded in 2012 by a group of five young entrepreneurs, Kanop started with an initial capital of 500,000 yuan and has grown to over 400 employees, producing more than 60 types of complete machines [2][5]. - The company initially focused on developing key components, specifically controllers, which are essential for industrial robots, allowing them to establish a foothold in a market dominated by international giants [3][4]. Market Strategy - Kanop faced challenges in finding market opportunities but eventually secured its first client through persistent efforts, including direct engagement and on-site support [4][5]. - The company capitalized on the growing domestic demand for industrial robots, achieving significant market share in the controller segment by 2018, becoming a "hidden champion" in this niche [5][12]. Transformation and Innovation - In 2017, Kanop made a strategic decision to transition from component manufacturing to producing complete machines, aiming to meet the needs of small and medium enterprises [7][10]. - The company invested two years in developing welding robots, which were well-received in the market, leading to over 1,000 orders in 2019 [11][12]. Technological Advancements - Kanop emphasizes continuous innovation, with a focus on enhancing the flexibility and precision of its robots, achieving positioning accuracy comparable to international standards [13][14]. - The company has developed over 60 types of robots and aims to integrate AI technology into its products, with plans to launch humanoid robots and smart automation solutions [13][14]. Global Expansion - Kanop's products are now exported to over 20 countries, with export revenue accounting for nearly 20% of total output [14]. - The company is also involved in talent cultivation through partnerships with universities, contributing to the development of a robust industrial robotics ecosystem in Chengdu [14].