Group 1 - Beijing Jizhijia Technology Co., Ltd. (Jizhijia) officially listed on the Hong Kong Stock Exchange on July 9, with a pre-green shoe issuance scale of approximately $345 million and a post-green shoe scale of about $397 million assuming full exercise of the green shoe option [2] - This project is the largest IPO of a robotics company in Hong Kong to date and the largest technology company IPO in the Hong Kong market since 2025 for non-A-share listed companies [2] - CICC acted as the joint sponsor and coordinator for the project, effectively managing the execution and leveraging its deep understanding of the technology sector to assist Jizhijia in completing the listing preparations efficiently [2] Group 2 - CICC's involvement in this project exemplifies its commitment to supporting Chinese technological innovation and the overseas expansion of manufacturing, helping quality private enterprises enhance their competitiveness through capital operations [3] - Jizhijia is a leading provider of autonomous mobile robot (AMR) solutions, focusing on enhancing supply chain efficiency in warehousing and industrial handling scenarios [3] - As of the end of 2024, Jizhijia has served approximately 800 end customers globally, making it the provider with the largest customer base for warehousing fulfillment AMR solutions worldwide [3]

Group 1: Company Overview - Beijing Jizhi Technology Co., Ltd. (referred to as "Jizhi") plans to issue approximately 140 million H-shares at a price of HKD 16.8 per share, with the total fundraising expected to be around HKD 23.52 billion and net proceeds of approximately HKD 22.06 billion [1][3] - Jizhi was established in February 2015, with a registered capital of approximately RMB 1.159 billion. The major shareholders include VERTEX GROWTH FUND PTE.LTD. and NHTV Swarm Company (Hong Kong) Limited [3][4] Group 2: Business Model and Market Position - Jizhi provides Autonomous Mobile Robot (AMR) solutions aimed at enhancing warehouse fulfillment and industrial handling scenarios. It has become the largest provider of warehouse fulfillment AMR solutions globally as of 2024 [5] - As of December 31, 2024, Jizhi has delivered approximately 56,000 AMRs to over 40 countries and regions, capturing a 9.0% market share in the global warehouse fulfillment AMR solutions market [5] Group 3: Financial Performance - Jizhi's revenue for the years 2022, 2023, and 2024 was approximately RMB 1.452 billion, RMB 2.143 billion, and RMB 2.409 billion, respectively. The gross profit for the same years was approximately RMB 256 million, RMB 659 million, and RMB 837 million [6][7] - The company reported net losses of approximately RMB 1.567 billion, RMB 1.127 billion, and RMB 831 million for the years 2022, 2023, and 2024, respectively, indicating a narrowing of losses over the years [8]

Core Viewpoint - Beijing Jizhi Technology Co., Ltd. (referred to as "Jizhi") is seeking to list on the Hong Kong Stock Exchange (HKEX) to expand its global business and attract foreign investment, having previously planned an IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board [1][3]. Company Overview - Jizhi was established in February 2015, with a registered capital of approximately 1.159 billion RMB. The main shareholders include VERTEX GROWTH FUND PTE.LTD. and NHTV Swarm Company (Hong Kong) Limited [3][4]. - The company is led by Zheng Yong, who serves as the Executive Director, Chairman, and CEO, along with other executives including Li Hongbo (CTO) and Liu Kai (VP) [4]. Business Model and Market Position - Jizhi provides Autonomous Mobile Robot (AMR) solutions aimed at enhancing warehousing and industrial handling scenarios. As of 2024, it has become the largest global provider of warehousing fulfillment AMR solutions, delivering approximately 56,000 units to over 40 countries and regions [5][6]. - The company holds a 9.0% market share in the global warehousing fulfillment AMR solutions market and about 1% in the global warehousing automation solutions market [5]. Financial Performance - Jizhi's revenue for 2022, 2023, and 2024 was approximately 1.452 billion RMB, 2.143 billion RMB, and 2.409 billion RMB, respectively. The gross profit for the same years was about 256 million RMB, 659 million RMB, and 837 million RMB, while net losses were approximately 1.567 billion RMB, 1.126 billion RMB, and 831 million RMB [5][6][8]. - The company's AMR solutions revenue accounted for 85.9%, 99.1%, and 99.7% of total revenue in 2022, 2023, and 2024, respectively [8]. - Revenue from markets outside mainland China contributed significantly, with figures of approximately 1.021 billion RMB, 1.647 billion RMB, and 1.737 billion RMB, representing 70.3%, 76.8%, and 72.1% of total revenue [9].