Group 1 - The company, Woan Robotics, has passed the main board listing hearing at the Hong Kong Stock Exchange, with joint sponsors being Guotai Junan and Huatai International [1] - Woan Robotics is a global provider of home robot systems, focusing on markets in Japan, Europe, and North America, aiming to build an ecosystem centered around smart home robot products [1] - The product range includes enhanced execution robots (such as door locks, curtains, finger robots, and multifunctional home robots), perception and decision-making systems (like smart hubs, sensors, and cameras), and other smart home products and services [1] Group 2 - As of December 11, 2025, the company holds 311 patents globally, including 56 invention patents, with a research and development team constituting 43.4% of the total workforce [2] - From 2022 to 2024, approximately 20% of the company's revenue is allocated to research and development expenses [2] - The company has a significant global presence, with products sold in over 90 countries and regions, more than 3.5 million registered users of the SwitchBot App, and over 10.8 million connected devices, with about 55.9% of users connecting two or more products [2] - The home robot system integrates artificial intelligence, robotics, and IoT technology to achieve autonomous learning and intelligent decision-making, providing real-time environmental perception, multifunctional device collaboration, and edge intelligence processing, outperforming traditional standalone smart home devices and ordinary home robots [2] - The company offers a wide range of products across seven categories, covering 47 SPUs, and has established a comprehensive omnichannel sales network through e-commerce platforms, direct-to-consumer websites, retailers (including Amazon), and distribution channels [2]

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Post Hearing Information Pack, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Post Hearing Information Pack. Post Hearing Information Pack of OneRobotics (Shenzhen) Co., Ltd. 臥 安 機 器 人（ 深 圳 ）股 份 有 限 公 司 (the ''Company'') ...

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Core Viewpoint - The article highlights the increasing trend of robotics companies, including Woan Robotics, seeking to go public in the Hong Kong stock market, indicating a growing interest and investment in the robotics sector. Company Overview - Woan Robotics is a global provider of AI-enabled home robotics systems, focusing on creating an ecosystem centered around smart home robot products, with a market share of 11.9% as of 2024 [1][2]. - The company has launched several innovative products, including the world's first finger robot, curtain robot, fingerprint door lock robot, and enhanced mobile robot, showcasing a strong growth trajectory in sales [2]. Financial Performance - Woan Robotics reported revenues of RMB 275 million, RMB 457 million, and RMB 609 million for the years 2022, 2023, and 2024, respectively, with net profits improving from losses of RMB 86.93 million in 2022 to a projected loss of RMB 3.07 million in 2024 [3][4]. - The adjusted EBITDA turned positive for the first time in 2023, reaching RMB 5.81 million, and is expected to grow to RMB 26.08 million in 2024 [2]. Product and Market Focus - The majority of Woan Robotics' revenue comes from enhanced execution robots, with projected revenue of approximately RMB 348 million from this category in 2024, accounting for nearly 60% of total revenue [3]. - The company primarily targets overseas markets, with Japan, Europe, and North America contributing 95% of its revenue, and Japan alone accounting for 57.7% [4]. Funding and Valuation - Woan Robotics has undergone 14 rounds of financing since its establishment in 2015, with the latest C round raising RMB 70 million in May 2025, increasing the company's valuation from RMB 160 million in 2017 to RMB 4.05 billion [5][7]. - The company is backed by notable investors, including Brizan Ventures V and various robotics research institutions, with key shareholders holding approximately 44.53% of the company [7][8].

Company Overview - Woan Robotics (Shenzhen) Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Guotai Junan and Huatai International as joint sponsors [1] - The company is a global provider of AI-enabled embodied home robot systems, aiming to build an ecosystem centered around smart home robot products [3] - Woan Robotics is recognized as the largest provider in the AI-enabled embodied home robot system market, holding a market share of 11.9% based on retail sales in 2024 [3] Product and Innovation - The company has launched several innovative products, including the world's first finger robot SwitchBot Bot in 2017, the first curtain robot SwitchBot Curtain in 2020, and the first fingerprint door lock robot SwitchBot Lock in 2022 [4] - As of November 30, 2025, Woan Robotics holds 312 patents globally, including 56 invention patents, reflecting its strong focus on R&D and product innovation [4] User Engagement and Market Reach - The SwitchBot App has over 3.5 million registered users, with more than 10.7 million devices connected to the app, indicating strong consumer loyalty and brand positioning [5] - The company's products are sold in over 90 countries and regions, available in more than 2,000 offline retail stores worldwide [5] Financial Performance - The company reported revenues of RMB 275 million, RMB 457 million, RMB 610 million, and RMB 396 million for the fiscal years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [6] - Gross profits for the same periods were RMB 94.14 million, RMB 231 million, RMB 316 million, and RMB 215 million [7] - The gross profit margins have improved from 34.3% in 2022 to 54.2% in the nine months ending September 30, 2025 [10] Industry Overview - The global adoption rate of AI has surpassed 70%, driving demand for smart home products and the home robotics industry [12] - The global smart home market is projected to reach RMB 1,000.5 billion by 2024, with the home robotics market expected to grow from RMB 213.3 billion in 2022 to RMB 257.7 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.9% [12] - The market for AI-enabled embodied home robot systems is anticipated to grow from RMB 2.2 billion in 2022 to RMB 5.9 billion in 2024, with a CAGR of 63.7% [14]

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of OneRobotics (Shenzhen) Co., Ltd. 臥 安 機 器 人（ 深 圳 ）股 份 有 限 公 司 (the ''Company'') (A joint stock company incorporated ...

Core Viewpoint - Woan Robotics, established in 2015, is set to list on the Hong Kong Stock Exchange, focusing on AI-enabled home robotics and has developed a comprehensive product ecosystem [2][4]. Group 1: Company Overview - Woan Robotics is a leading provider of AI-enabled home robotics systems, with a product matrix covering seven categories and 42 models, aimed at various applications including smart control and elderly care [4]. - The company has launched several pioneering products, including the world's first finger robot and curtain robot, and plans to release an average of 10 new or upgraded products annually from 2022 to 2024 [4]. Group 2: Market Presence - Over 95% of Woan Robotics' revenue comes from Japan, Europe, and North America, with respective compound annual growth rates (CAGR) of 44.7%, 68.1%, and 42.5% from 2022 to 2024 [5][6]. - The SwitchBot brand has become a well-known name in the global smart home industry, leading in retail sales in Japan since 2022 [5]. Group 3: Financial Performance - Revenue figures for Woan Robotics from 2022 to 2024 are projected at RMB 274.6 million, RMB 457.3 million, and RMB 609.9 million, with a CAGR of 49.0% [10]. - Gross profit is expected to grow from RMB 94 million in 2022 to RMB 316 million in 2024, with a gross margin increasing from 34.3% to 51.7% [10]. Group 4: Sales Channels - Direct-to-consumer (DTC) channels are a key growth driver, with revenue from DTC channels growing at a CAGR of 73.3% from 2022 to 2024, increasing its share of total revenue from 36.9% to 49.8% [9]. - Amazon channels contributed 64.2% of total revenue in 2024, highlighting the importance of e-commerce in Woan Robotics' sales strategy [10]. Group 5: Research and Development - The company has invested significantly in R&D, with expenditures rising from RMB 62 million in 2022 to RMB 112 million in 2024, representing a CAGR of 34.7% [11]. - As of June 2025, Woan Robotics holds over 269 patents, including 43 core innovation patents, indicating a strong focus on technological advancement [11]. Group 6: IPO Plans - The net proceeds from the IPO will primarily be used to enhance R&D capabilities, expand sales channels, and improve global brand recognition [13].

Core Viewpoint - Woan Robotics (Shenzhen) Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with Guotai Junan International and Huatai International as joint sponsors [1]. Company Overview - Woan Robotics is an AI-driven home robotics system provider, focusing on creating an ecosystem centered around smart home robot products under the brand name SwitchBot. Users can interact with products via the SwitchBot App to meet various household needs [4]. - According to a report by Frost & Sullivan, Woan Robotics is the largest AI-driven home robotics system provider globally, with a market share of 11.9% based on retail sales in 2024. It is the only company with a comprehensive range of home robot categories in the household scenario [4]. Product Portfolio - The company offers a product range under the SwitchBot brand, which includes seven categories covering 42 Stock Keeping Units (SKUs). Notable products include the SwitchBot Bot (launched in 2017), SwitchBot Curtain (2020), SwitchBot Lock (2022), and SwitchBot S10 (2023) [5]. - As of June 3, 2025, the SwitchBot App has over 3.1 million registered users, with more than 9.1 million devices connected to the app. Approximately 55.2% of registered users have connected two or more SwitchBot products, indicating strong consumer loyalty and brand positioning [5]. Financial Performance - The company primarily sells products to end customers, retailers, and distributors. Revenue from the top five customers for the years ending December 31, 2022, 2023, and 2024 was RMB 164 million, RMB 229.3 million, and RMB 289.1 million, accounting for 59.6%, 50.2%, and 47.4% of total revenue, respectively [6]. - For the fiscal years 2022, 2023, and 2024, Woan Robotics reported revenues of approximately RMB 275 million, RMB 457 million, and RMB 610 million, with corresponding net losses of RMB 86.98 million, RMB 16.38 million, and RMB 3.07 million [6][7]. Summary of Financials - The summarized financial performance for the years ending December 31 is as follows: - Revenue: RMB 274.6 million (2022), RMB 457.3 million (2023), RMB 609.9 million (2024) - Gross Profit: RMB 94.1 million (2022), RMB 230.5 million (2023), RMB 315.6 million (2024) - Net Loss: RMB 86.98 million (2022), RMB 16.38 million (2023), RMB 3.07 million (2024) [7].