不到半个月时间里，第5家机器人公司在港股递表。 三位浙大校友创业，打造了一家以"机器人大脑"为核心业务的公司——上海仙工智能，并计划通过18C章程，在港交所主板挂牌上市。 所谓18C章程，就是港交所考虑到特专科技企业普遍存在高研发投入、长盈利周期的特点，在2023年专门为这类公司量身定制的上市规则，之前黑芝麻智 能就是通过这种方式成功上市。 如今，成立时间不过5年，这家公司已经跃居行业龙头，成为"机器人大脑"的全球销冠，估值翻了10倍。 主攻"大脑"的机器人公司 上海仙工智能（以下简称"仙工"），是一家以控制系统为核心的智能机器人公司。 控制系统类似于机器人的"大脑"，一般由控制器和软件构成。 控制器负责机器人本体的感知定位、智能决策和运动控制，云端软件则负责向机器人下达任务指令。 在机器人行业，仙工的资历其实算不上老。从2020年正式成立，至今不过6年时间，仙工却已将业务迅速膨胀，范围覆盖全球超过30个国家和地区。 据灼识咨询数据，在全球机器人控制器出货量中，仙工已经连续两年排名第一。 深究其飞速成长的原因，或许可以总结成一个关键词：适配性强。 仙工的核心业务，现在已经被整合为"控制器+软件+机器人"的一站 ...

Core Viewpoint - The market is highly focused on embodied intelligence, with significant capital movements and interest from various companies in the sector [1] Company Overview - Shanghai XianGong Intelligent Technology Co., Ltd. (XianGong Intelligent) has filed for listing on the Hong Kong Stock Exchange, focusing on "robot brains" [2] - Founded in 2020, XianGong Intelligent has completed four rounds of financing, with notable investors including Ecovacs, IDG, Yinshi Capital, and Haolan Capital [2] - The company aims to address three major pain points in humanoid robots: limited data, weak feedback, and low controllability, by developing mature control systems [2] Financial Performance - XianGong Intelligent has shown revenue growth from RMB 180 million in 2022 to RMB 340 million in 2024, with a compound annual growth rate (CAGR) of 35.7% [10] - Despite revenue growth, the company has recorded continuous net losses, amounting to RMB 30 million, RMB 50 million, and RMB 40 million for the years 2022, 2023, and 2024 respectively [11] - The gross profit margin has remained above 45%, indicating a strong position within the intelligent robotics industry [10] Market Potential - The global intelligent robotics market is projected to exceed RMB 277.8 billion in 2024 and reach RMB 708.5 billion by 2029, with a CAGR of 20.6% from 2024 to 2029 [8] - XianGong Intelligent is expected to rank first globally in robot controller sales by 2024, with a market share of 23.6% [7] Strategic Focus - The company is focusing on providing integrated solutions that include controllers, software, and robots to meet diverse customer needs [7] - XianGong Intelligent plans to expand its business internationally, targeting high-growth regions and flagship clients, particularly in Europe and North America [13]