有望进一步提升估值与流动性。 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，卧安机器人（06600.HK）日前正式获纳入港股通名单，并自今日（2026年 3 月9日）起生效，内地投资者可通过沪港通、深港通渠道便捷投资卧安机器人股票。 卧安机器人专注于打造通用家庭机器人大脑及具身机器人产品。依托自研 VLA、VLM、自建数据采 集场以及部分关键核心零部件能力，卧安机器人持续提升具身模型的泛化能力，并推动其在垂直场景 中的商业化落地，形成模型、数据与商业化持续增强的增长飞轮。 本次被纳入港股通名单，标志着资本市场对卧安机器人公司实力、长期价值的认可，有望显著提升卧 安机器人的股票活跃度与市场关注度，进一步提升其估值与流动性。 2025年12月30日，卧安机器人正式登陆港交所主板，成为"全球AI具身家庭机器人第一股"，获得 高瓴、中国东方等基石投资者的支持，绿鞋后融资规模18.7亿港元。上市后短短一个月，卧安机器 人的股价累计上涨超145%，市值突破400亿港元。 值得一提的是， 卧安机器人不仅是今年以来港股市场表现最好的机器人公司，也是商业化落地最 ...

Core Viewpoint - Woan Robotics (6600.HK) has officially listed on the Hong Kong Stock Exchange, becoming the first "AI-embodied home robot" stock, with an IPO price of HKD 73.8 and a fundraising scale of approximately HKD 1.8 billion. The stock price rose over 24% within three days of listing, reaching a market capitalization of over HKD 20 billion [1]. Company Overview - Woan Robotics was founded in 2015 by alumni from Harbin Institute of Technology, led by Li Zhichen and Pan Yang, focusing on developing embodied home robot products from specific household scenarios [3][4]. - The company has attracted significant investment from notable institutions, including Hillhouse Capital and Source Code Capital, with the involvement of "DJI's godfather" Li Zexiang accelerating its development [3][6]. Financial Performance - In the first half of 2025, Woan Robotics achieved profitability, recording a profit of CNY 27.9 million [9]. - The company reported a compound annual growth rate of 49% in revenue over the past three years, with revenue increasing from CNY 270 million in 2022 to CNY 610 million in 2024. In the first half of 2025, revenue reached CNY 396 million, a 44% increase from CNY 275 million in the same period last year [8]. Product Development and Market Strategy - Woan Robotics has established a product layout that includes smart control, household labor, smart housekeeping, elderly care, safety protection, and energy management, with products like the SwitchBot Curtain and K10+ [7]. - The company plans to launch its first humanoid home robot in January 2026, targeting applications such as clothing sorting, dish cleaning, and meal preparation assistance, which will represent a new growth curve [7]. Market Presence - The company has a global market focus, with significant sales in North America, Japan, and Europe. Japan has been the largest market, contributing around 60% of revenue over the past three years [8]. - In the first half of 2025, revenue from Europe and North America accounted for 17.2% and 11.7%, respectively [8]. Investment and Future Outlook - Approximately 66.5% of the funds raised from the IPO will be used to enhance R&D capabilities and develop key technologies related to AI-embodied home robot systems [10]. - Analysts note that Woan Robotics possesses high growth and high gross margin advantages, which, combined with the scarcity premium in the sector, may further elevate the company's valuation ceiling [10].