深耕细分市场持续盈利 近日，特种机器人企业深圳市博铭维技术股份有限公司（以下简称"博铭维机器人"）首次向港交所递交 了IPO申请，计划在港股主板上市。根据招股书披露，博铭维机器人此前已经完成数轮融资，股东包括 紫荆科创、正轩投资、深哈基金等。 今年5月，深圳乐动机器人股份有限公司向港交所递交上市申请书。招股书显示，乐动机器人成立于 2017年，总部位于深圳，是一家专注于智能机器人视觉感知技术及产品研发设计的全栈式智能机器人公 司。根据灼识咨询的资料，以2024年营业收入计算，乐动机器人是全球最大的以视觉感知技术为核心的 智能机器人公司。 招股书显示，业绩方面，2022年、2023年及2024年，乐动机器人营业收入分别为2.34亿元、2.77亿元和 4.67亿元，2022年至2024年的年复合增长率约为41.4%。虽然收入高速增长，乐动机器人过去三年却持 续亏损，2022年、2023年及2024年公司净亏损分别为7313.2万元、6849.1万元、5648.3万元，分别占相 关年度收入的31.3%、24.8%及12.1%。 6月，卧安机器人（深圳）股份有限公司向港交所提交上市申请书。卧安机器人成立于2018年， ...

Core Viewpoint - Woan Robotics is preparing for an IPO in Hong Kong, aiming to raise funds to enhance R&D capabilities and expand its global market presence [1] Group 1: Company Overview - Woan Robotics is a global provider of AI-enabled home robot systems, focusing on creating an ecosystem centered around smart home robot products [1] - The company's product brand is SwitchBot, which allows users to interact with products via the SwitchBot App [2] Group 2: Financial Performance - The company's revenue increased from 275 million yuan in 2022 to 610 million yuan in 2024, with a compound annual growth rate (CAGR) of 49% [2] - Gross profit margin improved from 34.3% in 2022 to 51.7% in 2024, with gross profit rising from 94 million yuan to 316 million yuan, reflecting a CAGR of 83% [2] - Sales and distribution expenses as a percentage of revenue decreased from 37.2% in 2022 to 28.2% in 2024, while administrative expenses fell from 7.6% to 5.3% [3] Group 3: Market Position and Expansion - Woan Robotics holds an 11.9% market share, making it the largest provider of AI-enabled home robot systems globally, according to retail sales projections for 2024 [2][5] - The company has expanded its sales network to over 90 countries, with significant revenue contributions from Japan (57.7%), Europe (21.4%), and North America (15.9%) [4] - Revenue from the European market grew from 46 million yuan in 2022 to 130 million yuan in 2024, with a CAGR of 68%, while North American revenue increased from 47 million yuan to 97 million yuan, with a CAGR of 43% [4]