以下文章来源于36氪出海 ，作者常薇倩 36氪出海 . 36氪出海（letschuhai.com）是关注出海的行业媒体，为企业跨境提供海外咨询及专业服务，同时运营着超万人的出海生态社群。 三家赴港上市的公司，正从不同维度定义着中国机器人在全球自动化革命中的角色。 机器人代替人力的场景，如今已遍布世界。 其中，应用广泛、技术成熟的，当属穿行在仓库与工厂里的自主移动机器人（Autonomous Mobile Robot, AMR）。在全球供应链迁移与人力成本攀升的 驱动下，这个细分市场正急速膨胀。据灼识咨询，全球 AMR 解决方案市场规模预计将于2029年增长至1621亿元人民币，复合年增长率高达33.1%。 市场加速扩大的过程中，一批行业上下游的中国企业逐步成长为了行业领导者。它们完成了技术验证与商业模式的打磨，也凭借产品力与技术优势，在全 球市场占据了一定份额。 2025年，一个标志性的动向是：多家头部机器人企业不约而同奔赴香港上市。这其中，既有在全球仓储 AMR 领域连续六年称霸的解决方案提供商 极智 嘉（Geek+） ，也有专注于打造"机器人大脑"核心控制器的 仙工智能（Seer Robotics） ，还 ...

Core Viewpoint - Stand Robot aims to lead the flexible transformation of the industrial sector through mobile robot cluster technology, positioning itself as a global leader in industrial intelligent mobile robot solutions [1][2]. Company Overview - Founded in 2016, Stand Robot focuses on providing customized one-stop robot solutions, including a core robot technology platform, multifunctional industrial intelligent robot products, and the all-in-one intelligent collaborative system, RoboVerse [1]. - The company's philosophy for robot solutions is encapsulated in "1+N+S=∞," indicating the infinite possibilities in smart manufacturing [1]. Market Position - According to Zhaoshang Consulting, Stand Robot ranks as the fifth largest provider of industrial intelligent mobile robot solutions globally and the fourth in industrial embodied intelligent robot solutions by 2024 sales volume [3]. - The company is a leading provider in several high-tech sectors, ranking second in the 3C industry and automotive sector, and fifth in the semiconductor industry by shipment volume [3]. Technological Advancements - Stand Robot has made significant breakthroughs in positioning, navigation, control, and perception technologies, enabling robots to possess intelligence, efficiency, stability, and safety [3]. - The RoboVerse system is highlighted as a core strength, allowing for simulation of digital factory scenarios and effective robot deployment [4]. Client Base and Sales Performance - Stand Robot has commercialized its robot solutions, serving over 400 clients, including major companies like Xiaomi Automotive and Foxconn, with a key customer retention rate exceeding 60% [6]. - Robot sales are projected to grow from 725 units in 2022 to 1,932 units in 2024, with 650 units shipped in the first four months of 2023 [6]. International Expansion - Since 2019, Stand Robot has strategically expanded its global presence, with international sales accounting for 10.2% of total revenue in 2022, increasing to 12.5% in 2023, and projected to reach 24.1% in 2024, marking a growth of 136.3% over three years [7]. Financial Performance - Stand Robot's revenue has shown significant growth, with figures of 96.275 million RMB in 2022, 162.166 million RMB in 2023, and projected 250.522 million RMB in 2024, reflecting a compound annual growth rate of 61.3% [9][10]. - Despite revenue growth, the company has reported net losses for three consecutive years, with losses decreasing from 128 million RMB in 2022 to 45.144 million RMB in 2024 [9][10]. Future Plans - The company plans to use funds raised from its IPO to enhance its core technology platform, expand sales and service networks, develop production capabilities, and support operational growth [15].

Core Viewpoint - The robotics sector is experiencing significant growth, with multiple companies, including Stand Robot, preparing to enter the Hong Kong stock market amid rising interest in robotics stocks [1][3]. Group 1: Company Overview - Stand Robot, established in 2016, is a leading provider of industrial intelligent mobile robot solutions, focusing on smart factories across various industrial scenarios [3]. - The company plans to raise funds through its IPO to enhance its core technology platform, expand its sales and service network, and develop new production capabilities [2][3]. Group 2: Market Position and Technology - According to data from Zhaoshang Consulting, Stand Robot is projected to be the fifth largest provider of industrial intelligent mobile robot solutions globally by sales in 2024, and the second largest in the 3C and automotive sectors [3][4]. - Stand Robot is one of the few companies in the industry to have developed a proprietary operating system for industrial robots and has made advancements in simultaneous localization and mapping (SLAM) technology [4]. Group 3: Financial Performance - Stand Robot's revenue has shown rapid growth, increasing from 9.6 million RMB in 2022 to 25.1 million RMB in 2024, with a compound annual growth rate (CAGR) of 61.3%, significantly outpacing the market's CAGR of 26.8% [6]. - Despite the revenue growth, the company has not yet achieved profitability, with losses decreasing from 128 million RMB in 2022 to 45.1 million RMB in 2024 [7]. Group 4: Strategic Expansion - Since 2019, Stand Robot has been strategically expanding its global presence, with overseas revenue growing at a CAGR of 150% from 2022 to 2024 [7]. - The company has a diverse customer base, serving over 400 clients, including major firms like Xiaomi and Foxconn, with a customer retention rate exceeding 60% [4][5].

Core Insights - Stand Robot has submitted its IPO application to the Hong Kong Stock Exchange, with CITIC Securities and Guotai Junan International as joint sponsors [1] - The company is a leading global provider of industrial intelligent mobile robot solutions, focusing on smart factories across various industrial scenarios [1] - Stand Robot launched its first humanoid embodiment intelligent robot, DARWIN, in May, featuring over 23 degrees of freedom and an innovative omnidirectional chassis [1] - According to Zhaoshang Consulting, Stand Robot ranks as the fifth largest provider of industrial intelligent mobile robot solutions globally by sales in 2024 [1] Company Overview - Stand Robot is recognized as one of the first companies to develop simultaneous localization and mapping (SLAM) technology and visual language action (VLA) models for industrial applications [2] - The company has a diverse customer base across various industries, particularly in high-tech sectors such as 3C, automotive, and semiconductors [2] - Major clients include manufacturers directly applying the robot solutions in their factories and system integrators who incorporate the company's products into broader automation solutions [2] Financial Performance - Stand Robot's revenue for 2022, 2023, and 2024 is projected to be approximately 96.27 million, 162 million, and 251 million RMB, respectively, with corresponding losses of 128 million, 100 million, and 45.14 million RMB [3] - The gross profit margins for the same years are expected to be 12.9%, 31.6%, and 38.8% [3] - The company plans to use the funds raised from the IPO for enhancing its core technology platform, expanding sales and service networks, developing production capabilities, and general corporate purposes [3]