Core Viewpoint - Ledong Robotics, a company focused on intelligent robot vision perception technology, has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, aiming to become a leader in the global market for vision-based intelligent robots [2][3]. Group 1: Business Overview - Founded in 2017 and headquartered in Shenzhen, Ledong Robotics specializes in developing intelligent robot infrastructure centered around vision perception technology [2]. - The company is recognized as the largest global player in the vision perception technology sector for intelligent robots, based on projected revenue for 2024 [2]. - Ledong Robotics offers a product portfolio that includes vision perception sensors, algorithm modules, and intelligent lawn mowers, with significant revenue contributions from each segment [3]. Group 2: Financial Performance - Revenue is projected to grow from 234 million yuan in 2022 to 467 million yuan in 2024, driven by rapid sales increases in vision perception products [3]. - The sales volume of vision perception products is expected to rise from 2.11 million units in 2022 to 7.96 million units in 2024, with the first-generation intelligent lawn mower selling over 10,000 units in its first year [3]. - Despite revenue growth, the company has faced continuous losses, with net losses of 73.1 million yuan, 68.5 million yuan, and 56.5 million yuan from 2022 to 2024, primarily due to heavy investments in R&D and market penetration strategies [4]. Group 3: R&D and Future Plans - Ledong Robotics holds over 600 patents, with more than 300 being core invention patents, establishing a technological moat in key areas such as robot navigation and machine vision [5]. - The company plans to use the funds raised from the IPO to enhance R&D in vision perception technology, upgrade AI algorithms, expand production capacity, and explore potential investment opportunities for global expansion [5].