据《华夏时报》记者不完全统计，今年上半年共有13家机器人公司向港交所递交上市申请。7月9日，仓储物流机 器人极智嘉(02590.HK)在港交所挂牌上市，首日收盘17.7港元/股，涨5.36%。 机器人纷纷赴港上市与整个港股市场氛围浓烈有关。香港特区政府财政司司长陈茂波近日表示，上半年香港市场 共完成了42宗IPO项目，募资总额超过1070亿港元，较2024年全年规模增长约22%，暂列全球第一。此外，申请赴 港IPO的企业数量也在快速增加，至今已收到约200起申请，较年初数据倍增。 "机器人们"争先恐后涌向港股市场。 此外，港交所"特专科技上市新规"(18C章)允许未盈利科技企业上市，收入门槛降至2.5亿港元。当前递表港交所的 机器人企业普遍深陷亏损，在这13家递表的机器人企业中，仅石头科技、兆威机电（003021）、三花智控 （002050）、广和通（300638）四家盈利。 多数企业仍未实现盈利 最新上市的机器人企业极智嘉在IPO中发售共1.614亿股H股，募资总额为27.12亿港元，是迄今为止规模最大的机 器人企业H股IPO。招股书显示，极智嘉2022年至2024年的营收分别为14.52亿元、21.43亿 ...

01 本周上市企业： 美国东部时间7月8日，来自香港的建筑分包商——Masonglory，成功登陆美国纳斯达克。该公司通过其运营子公司在香港开展业务，主要提供湿作业(wet trades)服务，包括批灰（抹灰）、铺砖等建筑施工环节，同时也涵盖其他辅助性建筑服务。其主要客户为房地产开发和土木工程项目的总承包商。此次 IPO，Masonglory共发行150万股股份，募集资金600万美元。截至定稿，该公司市值为7042万美元。 财经印刷服务供应商Rich Sparkle正式登陆纳斯达克上市 美国东部时间7月8日，来自香港的财经印刷服务供应商——Rich Sparkle，成功在纳斯达克挂牌上市。该公司为包括香港联合交易所上市公司及拟上市公 司在内的广泛客户提供设计及印制高质量财经印刷材料等服务。在2024年，该公司为超过190间上市公司提供服务，涵盖排版、校对、翻译、设计及印刷 等全面解决方案。透过度身订造的顾问服务，协助客户有效传达企业形象与财务信息，同时提升披露质量并确保符合法规要求。此次IPO，Rich Sparkle共 发行125万股股票，募集资金500万美元。截至定稿，该公司市值为4588万美元。 泛亚洲 ...

郑勇，一位在创业道路上摸爬滚打十年的企业家，终于迎来了他的高光时刻。他创立的极智嘉公司在港交所成功上市，成为全球AMR仓储机器人 领域的首家上市公司。此次IPO，极智嘉以每股16.8港币的价格发行股票，募集资金净额达到22.06亿港币，公司总市值超过218亿港币。 与极智嘉同日上市的还有五家公司，共同见证了港股IPO市场的繁荣。今年上半年，港股市场迎来了44只新股，募资总额超过1000亿港币。极智 嘉的香港公开发售部分获得了133.62倍的超额认购，国际配售部分也获得了30.17倍的认购，成为今年港股市场上国际配售倍数最高的前三名之 一，同时也创下了港股科技板块的最高国际配售倍数纪录。众多主权财富基金、国际长线基金、科技专项基金以及对冲基金都积极参与了认购。 极智嘉的IPO不仅是机器人企业历史上规模最大的H股IPO，也是今年以来香港市场上规模最大的非"A+H"科技企业IPO。开盘后，极智嘉的股价冲 高0.95%，达到16.96港元/股，市值达到220亿港元。 回顾郑勇的创业历程，2014年是一个重要的转折点。当时，他作为新天域资本的高级投资经理，在一次考察亚马逊仓库物流项目时，被正在全面 推广的机器人深深震撼 ...

7月9日，全球智能机器人企业极智嘉（股票代码：2590.HK）在香港交易所主板挂牌上市，标志着该公 司正式成为全球AMR仓储机器人市场首家上市企业。极智嘉首日开盘报16.9港元/股，收盘为17.7港元/ 股，略高于此前发售价16.80港元，市值超233亿港元。 据悉，极智嘉最终在本次IPO中发售共1.614亿股H股，募资总额为27.1162亿港元，是迄今为止规模最大 的机器人企业H股IPO，也是今年以来香港市场规模最大的非"A+H"科技企业IPO。其中，香港公开发售 超额认购133.62倍，国际配售获30.17倍认购，是今年港股最高倍数的国际配售Top 3，创下港股科技板 块最高国际配售倍数纪录。基石投资者包括国际资本巨头、顶级风投、国资力量与产业龙头，反映出资 本市场对于机器人赛道的战略共识。 最新数据显示，截至2025年4月30日的四个月，极智嘉录得订单收入10.16亿元，较2024年同期增加 33.4%，同期的收入录得同比增长。极智嘉认为，该增长反映了来自电商、第三方物流和制造业等核心 垂直领域的复购终端客户和新终端客户的持续强劲需求。"我们预期于2025年产生亏损净额，部分归因 于非经常性和非现金项目 ...

Group 1 - Zhongyuan Expressway's wholly-owned subsidiary, Bingyuan Investment Holdings, successfully listed its investment in Geek+ (stock code: 02590.HK) on the Hong Kong Stock Exchange, marking it as the "first global stock of autonomous mobile robots in warehousing" [1] - Bingyuan Investment holds approximately 6.1815 million shares of Geek+ through the Sailin Huihong Fund, which is expected to yield good investment returns for Zhongyuan Expressway based on the closing price of HKD 17.7 per share on the listing day [1] Group 2 - Geek+ is recognized as a national-level manufacturing single champion and is a global leader in the smart logistics robot sector, maintaining the top market share in the global AMR (Autonomous Mobile Robot) solutions for warehousing for six consecutive years [3] - The company's AMR solutions are widely applied across various industries, including retail, manufacturing, and logistics, serving over 800 global clients, including many Fortune 500 companies, and covering more than 40 countries and regions [3] - Geek+ demonstrates strong growth momentum with a projected revenue compound annual growth rate (CAGR) of 45% from 2021 to 2024 and has established a leadership position in high-end markets in Europe and the United States [3] - The global AMR market is entering a rapid development phase, and the listing will provide Geek+ with a broader development platform [3] Group 3 - Bingyuan Investment was established in 2008 with a registered capital of 700 million yuan, fully funded by Zhongyuan Expressway, and is one of the early domestic investment institutions operating in a market-oriented manner [3] - The investment platform focuses on equity investment in strategic emerging industries, particularly in technology innovation enterprises [3] - Zhongyuan Expressway plans to continue leveraging Bingyuan Investment's professional operations to contribute to the development of new productive forces [3]

极智嘉 2024 年总收入达 24 亿元，其中仓储履约机器人业务贡献 22 亿 元，客户复购率超 70%，海外收入占比超 70%。规模效应提升，经调 整净利润率收窄至-3.8%，接近盈亏平衡。 极智嘉采用不同投票权架构，联合创始人团队持股 21%，但投票权超 68%。IPO 计划募资 23-31 亿港元，净募资额 22-29 亿港元，预计 2025 年 7 月 9 日在港交所主板上市。 极智嘉提供 AMR 解决方案，应用于仓储履约和工业搬运，已向全球 40 多国交付 5.6 万台机器人。AMR 解决方案由机器人、仓储设施及专有软 件构成，该业务收入占比达 99.7%。 IPO 前，极智嘉共进行 11 轮融资，股权结构分散。此次 IPO 全球发售 1.4 亿股 B 类普通股，基准情形下净募资额 22 亿港元。四位基石投资人 认购 30%新股，禁售期 6 个月。 仓储自动化解决方案市场随电商增长而扩张，年均增速超 10%。AMR 占比虽小，但增速较高，受益于技术进步和降本，以及对订单履约能力 的需求提升，年复合增长率约为 30%。 极智嘉 20250708 摘要 极之嘉公司的融资历史及未来发展预期如何？ 在 IP ...

将投中网设为"星标⭐"，第一时间收获最新推送 一场"非共识"的前瞻性胜利。 来源丨 投中网 今天，极智嘉（Geek+）正式登陆港交所，荣登全球AMR仓储机器人第一股。 财务数据显示，这家行业头部明星企业的毛利率从2022年的17.7%提升至2024年的34.8%，2024 年终端客户复购率达74.6%。按2024年公司收入24.09亿元人民币计，极智嘉已成为全球最大的仓 储履约AMR解决方案提供商，且已连续六年保持该领先地位。在中国科技企业普遍陷入内卷式竞争 的背景下，这些数字显得尤为亮眼。 在极智嘉的早期资方中，我们又看到了一个熟悉的VC身影：祥峰投资。这家专注早期"硬科技"投资 的新加坡背景VC，早在2017年便投资了极智嘉的A+轮融资，其后更是在2018年和2022年持续加 注。 "非共识"的前瞻性胜利 2015年，机器人赛道的投资远不如今天热门。在那个扎堆投互联网项目的时代，祥峰已提前10年布 局机器人及智能制造赛道，并将其列为主要投资方向之一。 当前势头正劲的几家创新科技企业，如极智嘉、芯驰、宇树、松灵等，祥峰都是在pre-A轮或A轮的 融资中布局，这几家企业的成功，无疑证实了祥峰 对全球产业格局变 ...

Core Insights - The article highlights the successful IPO of Geek+ (极智嘉), marking it as the first global AMR (Autonomous Mobile Robot) warehousing robot company to be listed on the Hong Kong Stock Exchange, raising a net amount of HKD 2.206 billion with a market capitalization exceeding HKD 21.8 billion [1][9] - The company has achieved significant milestones in its growth trajectory, including a strong customer base and impressive financial performance, positioning itself as a leader in the AMR solutions market [9][10] Company Overview - Geek+ was founded by Zheng Yong, who was inspired by the advancements in robotics during a visit to an Amazon warehouse in 2014. He later recruited a CTO with extensive experience in robotics to help establish the company [2][3] - The founding team has maintained a stable ownership structure, with Zheng Yong holding 38.14% of the shares, indicating a willingness to share profits among the founders [3][5] Growth and Funding History - The company received its first investment of RMB 10 million from Xinyi Technology, followed by additional funding from Volcano Stone and Gao Rong Venture Capital, totaling RMB 42.5 million at a post-investment valuation of RMB 210 million [5] - Geek+ expanded internationally, entering markets in Japan, Germany, and the United States, and completed multiple funding rounds, with a valuation reaching USD 1.16 billion by 2020 [6][7] Financial Performance - As of 2024, Geek+ has become the largest provider of warehousing fulfillment AMR solutions globally, with a market share of 9% and a customer base of 800, including 63 Fortune 500 companies [9][10] - The company reported revenues of RMB 14.52 billion in 2022, RMB 21.43 billion in 2023, and projected RMB 24.09 billion in 2024, with a compound annual growth rate of 45% from 2021 to 2024 [11][12] Market Position and Competitive Landscape - Geek+ has established a strong foothold in the AMR market, with a focus on warehousing solutions, while facing competition from companies like Hikvision and Exotec [15][17] - The global demand for warehousing fulfillment AMR solutions is projected to grow significantly, with the market size expected to reach RMB 100 billion by 2029, reflecting a compound annual growth rate of 32.4% [15][17] Commercialization Success - The company has successfully navigated the challenges of commercialization in the robotics sector, achieving significant sales and establishing itself as a leader in the B2B robotics market [16][17] - Geek+ has demonstrated a strong customer retention rate, with a repurchase rate of approximately 74.6% in 2024, indicating the effectiveness of its solutions in the supply chain [10][11]

募集总额为 27.1162 亿港元。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据 IPO早知道消息， 北京极智嘉科技股份有限公司 （以下简称 " 极智嘉 "）于7月8日晚间在港交 所发布了《 最终发售价及分配结果公告 》。 根据公告， 极智嘉 本次 IPO最终发行1.614亿股 H 股（鉴于投资者认购火爆，故行使 15%的超额 配售权），原计划发行1.404亿股 H 股。其中，香港公开发售获 133.62倍认购，国际发售获30.17 倍认购。 值得注意的是， 30.17倍的国际认购已是今年港股最高倍数的国际配售之一——除 极智嘉 外，今年 另两家获得超 30倍 国配 的港股 IPO是蜜雪冰城和布鲁可这两家后市表现颇为可观的消费企业；宁 德时代的港股IPO国配倍数为15.2倍。 以每股 16.8港元的发行价计算，极智嘉最终通过本次IPO募集资金总额为 27.1162 亿港元， 创下 了 迄 今 为 止 机 器 人 企 业 港 股 IPO 募 资 规 模 的 最 高 记 录 ， 也 是 今 年 以 来 香 港 市 场 规 模 最 大 的 非"A+H"科技企业IPO ...

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].