Core Viewpoint - The article discusses the IPO plans of Luoshi Robotics, highlighting its growth, business model, and strategic partnerships, particularly with Xiaomi, as well as its competitive positioning in the robotics industry [4][18]. Company Overview - Luoshi Robotics, headquartered in Shandong, is the only Chinese company capable of mass-producing both industrial and collaborative robots, ranking third among domestic manufacturers and seventh globally in multi-joint robot sales by 2024 [4][11]. - The company has established a comprehensive product line, offering 10 series and 27 models of industrial robots, with payloads ranging from 4 kg to 220 kg [24]. Founder's Background - The founder and CEO, Tuo Hua, has a strong academic and professional background in robotics, having worked with major companies like Ericsson and IBM before co-founding Luoshi Robotics in 2014 [7][9]. Business Strategy - Initially focused on robot control systems, the company pivoted to lightweight industrial robots, targeting the automotive parts industry and labor-intensive sectors like 3C [10][11]. - Luoshi Robotics has successfully collaborated with major clients, including Xiaomi and Bosch, providing automation solutions for various industries [13][18]. Financial Performance - The company has shown significant revenue growth, with projected revenues of 1.53 billion, 2.67 billion, and 3.25 billion RMB from 2022 to 2024, reflecting a compound annual growth rate of 46% [27]. - Despite revenue growth, Luoshi Robotics is still in a loss-making phase, with net losses of 2.38 billion, 1.57 billion, and 1.92 billion RMB during the same period [28]. Investment and Funding - Luoshi Robotics has raised over 1.5 billion RMB in funding since its inception, with a recent valuation of 5.295 billion RMB, supported by various venture capital and government funds [14][17]. - The company plans to use IPO proceeds to enhance R&D capabilities, expand its product offerings, and improve production efficiency [28]. Market Outlook - The collaborative robot market is expected to grow at a compound annual growth rate of 35%, with a projected market size of 7.5 billion USD by 2027, indicating a promising future for Luoshi Robotics [29].