Core Viewpoint - Weiyi Intelligent Manufacturing Technology Co., Ltd. (Weiyi) has submitted its prospectus to the Hong Kong Stock Exchange for a main board listing, aiming to capitalize on its position as a leading supplier of industrial embodied intelligent robots in China [1][2]. Financial Performance - Weiyi's revenue has grown rapidly from 221 million yuan in 2022 to an expected 600 million yuan in 2024, reflecting a compound annual growth rate (CAGR) of 64.7%. In the first half of 2025, revenue surged by 187% to 412 million yuan compared to the same period in 2024 [3]. - The company achieved profitability in 2024 and the first half of 2025, with operating profit increasing from a loss of 91.31 million yuan in 2022 to 56.39 million yuan in 2024, and reaching 43.40 million yuan in the first half of 2025 [3]. Product Lines and Growth - Weiyi has three main product lines: EIIR products, AI-enabled intelligent products, and modular products. The high-value EIIR products, with a gross margin exceeding 50%, have become the core growth driver, with their revenue share increasing from 15.3% in 2022 to 53.6% in the first half of 2025 [4]. - Revenue from EIIR products grew from 34 million yuan in 2022 to 2.718 billion yuan in 2024, with a CAGR of 183.4% [4]. Technological Advancements - Weiyi aims to address the limitations of traditional robotic arms by developing industrial embodied intelligent robots that integrate perception, driving, control, algorithms, and cloud services. This innovation allows for highly flexible and generalized products that can be deployed quickly [6]. - The company has successfully implemented solutions in various industries, achieving significant improvements in efficiency and quality, such as reducing processing time from 70 minutes to 18 minutes in a specific application [6]. Market Expansion - Starting in 2025, Weiyi plans to expand its overseas business, targeting markets in Europe and North America, and has already served over 25 Fortune 500 companies and international industry leaders [7].

Core Viewpoint - Weiyi Intelligent Manufacturing Technology Co., Ltd. (Weiyi Intelligent) has submitted its listing application to the Hong Kong Stock Exchange, with Dongfang Securities (International) as the sole sponsor [1][3]. Company Overview - Weiyi Intelligent is a leading company in the field of embodied intelligent robots, aiming to reshape the future of manufacturing through advanced technology [3]. - The company provides ready-to-use, highly flexible, and intelligent embodied intelligent robot (EIIR) products and solutions to global customers [3]. Financial Performance - The company has demonstrated strong financial growth, with revenues increasing from approximately RMB 33.8 million in 2022 to about RMB 272 million in 2024, reflecting year-on-year growth rates of 237.5% and 138.2% respectively [3]. - The revenue contribution from EIIR products rose from 15.3% in 2022 to 53.6% in the first half of 2025, indicating its significance as a revenue driver [3]. - Gross margin for the EIIR business line improved from 45.7% in 2022 to 54.1% in the first half of 2025, showcasing the company's strong growth potential and profitability [3]. Market Position and Product Lines - Weiyi Intelligent is one of the first companies globally to achieve large-scale commercialization of embodied intelligent robots across various complex industrial scenarios, including 3C electronics, automotive manufacturing, new energy, fast-moving consumer goods, and semiconductors [4]. - The company has developed three complementary product lines: - EIIR products that integrate AI for flexible production without manual programming [4]. - AI-enabled intelligent products focused on visual perception, data analysis, and process optimization [6]. - Modular products that standardize core technologies for independent sales, enhancing market penetration [6]. Data Assets - The company has accumulated the largest unstructured precision database in the industry, exceeding 15TB and containing over 1 billion records, which serves as a significant competitive advantage [6]. International Expansion - Starting in 2025, Weiyi Intelligent will officially launch its overseas expansion strategy, targeting markets in Europe, the United States, Japan, Singapore, and Malaysia [6]. - The company has already served over 25 Fortune 500 and leading international enterprises, securing multiple direct delivery orders overseas [6]. Revenue and Profitability - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 was approximately RMB 221 million, RMB 434 million, RMB 600 million, and RMB 411 million respectively [7]. - The net profit/loss for the same periods was approximately -RMB 92 million, -RMB 114 million, RMB 15.7 million, and RMB 6.7 million [7].