Company Overview - Megatech Technology Co., Ltd. submitted its prospectus to the Hong Kong Stock Exchange for an IPO, with Morgan Stanley, Huatai International, Deutsche Bank, and Jianyin International as joint sponsors [1] - Founded in 2016, Megatech is a leading provider of autonomous intelligent systems in China's robotics application sector, valued at over 10 billion [1][3] - The company has completed nine rounds of financing prior to the IPO submission [1] Financial Performance - Revenue is projected to grow from 455 million yuan in 2022 to 930 million yuan in 2024, with a compound annual growth rate (CAGR) of 43.0% [2] - The smart laboratory business is expected to increase from 161 million yuan in 2023 to 295 million yuan in 2024, a year-on-year growth of 83.0% [2] - The intelligent manufacturing business is anticipated to rise from 502 million yuan in 2023 to 635 million yuan in 2024, a year-on-year growth of 26.5% [2] - Despite revenue growth, the company has incurred cumulative losses exceeding 2.2 billion yuan from 2022 to 2024, with an adjusted net loss margin improving from 71.2% in 2022 to 46.3% in 2024 [2] Financing History - The company completed its angel round of financing in June 2017, followed by a series of funding rounds, including a $65 million Series B round led by WuXi AppTec in May 2021 [3] - As of the prospectus submission, Megatech has completed eight rounds of financing with a strong shareholder base, including notable investment firms and industry giants [3] - The company achieved a valuation exceeding $1 billion after its Series C financing in 2022, entering the "unicorn" category [3] Core Business Segments - Megatech focuses on autonomous intelligent systems, with two main business segments: smart laboratories and intelligent manufacturing [4] - In the smart laboratory sector, the company offers comprehensive services for the life sciences industry, enhancing automation and efficiency through proprietary intelligent systems [4] - The intelligent manufacturing segment, supported by partnerships with industrial giants, targets high-end manufacturing sectors, contributing significantly to revenue growth [4] Industry Trends - The global autonomous intelligent systems robotics market is experiencing rapid growth, projected to expand from 31.8 billion yuan in 2020 to 114.3 billion yuan in 2024, with a CAGR of 37% [5] - The Chinese robotics industry is entering a phase of technological innovation and large-scale application, with significant demand for high-end talent in the field [5] - Government policies are encouraging increased R&D investment in intelligent robotics, positioning the sector as a strategic emerging industry [5] Use of IPO Proceeds - The funds raised from the IPO are intended for technology and product R&D, capacity expansion, sales network enhancement, and brand building [6][7] - The company also aims to seek strategic alliances and investment opportunities through the proceeds [7]

Core Viewpoint - Smartkem has entered into a preliminary Joint Development Agreement (JDA) with Manz Asia to co-develop next-generation dielectric ink solutions for advanced packaging manufacturing, particularly for AI chip applications [1][2] Company Overview - Smartkem is focused on revolutionizing electronics with a new class of transistors using proprietary advanced semiconductor materials, specifically TRUFLEX® semiconductor polymers, which enable low-temperature printing processes [4][5] - The company has a strong intellectual property portfolio, including 140 granted patents across 17 families, 14 pending patents, and 40 codified trade secrets [6] Industry Context - The collaboration aims to address critical bottlenecks in advanced computer and AI chip packaging by combining Smartkem's semiconductor materials with Manz's precision inkjet technology [2] - The demand for AI computing is driving the need for advancements in 12" wafer-level packaging and large-area panel packaging, which could transform data center infrastructure [2] Joint Development Agreement Details - The JDA is focused on developing scalable, high-performance solutions that enhance manufacturing paradigms, aiming for higher yield and lower cost per packaged chip [2] - The agreement is preliminary and non-binding, with no assurance of a definitive agreement or project outcome [3] Manz Asia Overview - Manz Asia is a leading manufacturer of advanced semiconductor equipment, specializing in CoPoS technology for panel-level packaging [7][8] - The company provides comprehensive equipment solutions that enhance production efficiency and optimize process quality in semiconductor packaging [9]

详细会议介绍参看往期文章： （点击蓝字跳转） 报名开启｜顶流期刊征+2025智能机器人关键技术大会盛会将至！ 展览展示｜抢位2025智能机器人关键技术大会！高曝光商务合作虚位以待，共赴解锁新机遇 9大期刊联合征文｜投稿2025智能机器人关键技术大会，年底正刊发表！ 上半年以来，港股属实"热闹"。机器人相关的企业陆陆续续向港交所递交招股书。近期，像乐动机器人、斯坦德 机器人、兆威机电、仙工智能、埃斯顿、石头科技、卧安机器人等悉数向冲击港股。 6月26日消息， 镁伽科技有限公司（简称"镁伽科技"）正式向港交所递交招股书。 根据招股书披露，此次募资将 主要用于技术及产品研发、扩大产能、拓展销售网络、开展战略合作与投资，以及补充营运资金等一般性公司用 途。 中国机器人技术应用领域领先的自主智能体提供商 镁伽科技成立于2016年，是 中国机器人技术应用领域领先的自主智能体提供商 ，致力于在智慧实验室与智能制造 场景中，为企业提升生产力并推动创新。 依托机器人自动化技术与AI领域感知、构思及执行的专有技术，镁伽科技的多功能自主智能体具备独立完成复杂 任务的能力，让人力得以解放，专注于实验室与制造场景中的高价值任务，助力企 ...

Core Viewpoint - Megatech, a domestic robotics unicorn, has submitted its listing application to the Hong Kong Stock Exchange, with joint sponsors including Morgan Stanley, Huatai International, Deutsche Bank, and Jianyin International [2]. Company Overview - Founded in 2016 and headquartered in Hangzhou, Megatech has developed into a leading provider of autonomous intelligent systems in China's robotics technology application field, with a registered capital of $100 million [5]. - The company defines its robots as multifunctional autonomous intelligent systems capable of independently completing complex tasks in various scenarios, including laboratories and advanced manufacturing [5][8]. Financial Performance - Megatech's revenue for 2022, 2023, and 2024 is projected to be 450 million RMB, 660 million RMB, and 930 million RMB, respectively, with a compound annual growth rate (CAGR) of 43% from 2022 to 2024 [13][14]. - Despite revenue growth, the company has reported cumulative losses exceeding 2.2 billion RMB over the same period, with annual losses of 760 million RMB, 740 million RMB, and 780 million RMB [13][14]. - Research and development (R&D) costs are the primary expense, accounting for 74%, 46.4%, and 42.4% of revenue from 2022 to 2024 [14]. Market Position - Megatech ranks first among domestic suppliers of autonomous intelligent systems in the smart laboratory sector, with projected revenue of 930 million RMB in 2024 [8]. - The company has completed nine rounds of financing, with a valuation exceeding $1 billion after a $300 million Series C round in 2022 [8]. Product and Technology - Megatech's autonomous intelligent systems integrate and analyze vast amounts of environmental data, supporting real-time decision-making and precise operations [9]. - The company has developed over 450 patents and submitted more than 550 patent applications, focusing on core technologies in perception, reasoning, and execution [18][20]. Customer and Supplier Dynamics - The top five customers contributed over half of Megatech's revenue, with significant overlap between suppliers and customers [21][25]. - The company has over 880 clients, with the revenue from the top five customers accounting for 52.5%, 57.4%, and 56.2% of total revenue from 2022 to 2024 [21][22]. Leadership and Ownership - The founding team and related entities hold approximately 16.08% of Megatech's issued share capital, with major shareholders including Sinovation Ventures and Joy Capital [28][30]. - The executive team consists of experienced professionals with backgrounds in engineering and management, previously working at listed companies in the instrumentation sector [34][35]. Industry Outlook - The global robotics technology market is projected to reach 3.7 trillion RMB in 2024, with a compound annual growth rate of 12.1% from 2024 to 2030 [39]. - Megatech focuses on vertical applications in life sciences, energy chemicals, integrated circuits, and new energy, aiming for significant breakthroughs in these high-demand sectors [39].

2022年至2024年收入复合年增长43.0%。 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， 镁伽科技有限公司 （以下简称 " 镁伽科技 "）于2025年6月25日正式向港交 所递交招股说明书，拟主板挂牌上市，摩根士丹利、华泰国际、德意志银行和建银国际担任联席保荐 人。 成立于 2016年的 镁伽科技 作为一家 自主智能体提供商，致力于在智慧实验室与智能制造场景中为 企业提升生产力并推动创新 —— 依托机器人技术自动化与 AI领域感知、构思及执行的专有技术， 镁伽科技的多功能自主智能体擅长独立完成 复杂 任务，让人力得以解放，专注于实验室与制造场景 中的高价值工作任务，助力企业驾驭智能化转型，为下一代科研、制造等领域发展做好前瞻 布局 。 从发展历程来看， 镁伽科技 于 2016年从 生命科学智慧实验室领域 切入， 2019年 将业务与产品 扩展至消费级集成电路产业 ， 2020年 拓展至餐饮领域 ； 2021年 拓展至新能源领域 ；后于今年 扩 展至农业应用领域。 根据灼识 咨询 的资料，以 2024年智慧实验室场景产生的收入 计算 ，镁 ...

只要主机平台上宣布会免"EA Sports FC"系列，我都会忍不住去下载回来踢两局，然后踢两局会变成踢更多局，直到每年9月，这一代游戏的生命自然终 止，我才能彻底摆脱在游戏里"上班"的悲惨命运。这种网游式设计的东西太容易沉迷，所以今年，我只是在睡不着的时候点开某个直播看两场网友对局。 也挺好，我用不着砸手柄，还能省下很多时间做别的事儿。 我认真思考过，自己投入大量时间去玩"FC"系列，到底有什么好处？想来想去，最大的好处其实是能大量熟悉欧洲乃至西亚联赛的知名球员，他们在哪 个队、有什么技术特点等等。虽然EA总是被嘲笑不懂足球，但起码大差不差，还是能了解很多球队和球员新赛季的变化。相反，在现实里，我已经没有 太多时间去看五大联赛的比赛，即使看，也经常是开着声音助眠，留下的印象只能说聊胜于无。 EA对足球的理解确实比以前精进了，阵型的不同、战术设置的变化都能对比赛产生巨大影响，数值好的球员更是可能决定比赛胜负。这会给我们一些直 观的体验：就算现实里你从来没有真正踢过足球，至少也能明白，球员的意识、体能、个人技术水平和球队战术等因素是如何影响战局的。 当然，如果你是"足球经理"系列粉丝，你肯定会说"足球经理"比" ...

Core Insights - Smartkem has received a UK patent for a new method of MicroLED display manufacturing, enhancing efficiency and sustainability in the production process [1][2] - The patented method allows for selective removal of MicroLEDs from a source wafer, significantly reducing material waste and production costs compared to traditional methods [2][3] - Smartkem's IP portfolio includes 140 granted patents across 17 families, indicating a strong position in the semiconductor materials market [2][6] Company Overview - Smartkem is focused on developing advanced transistor technology using proprietary semiconductor materials, aiming to revolutionize the electronics industry [4] - The company's TRUFLEX® semiconductor polymers enable low-temperature printing processes compatible with existing manufacturing infrastructure, targeting low-cost, high-performance displays [4] - Smartkem operates R&D facilities in Manchester, UK, and provides prototyping services at the Centre for Process Innovation in Sedgefield, UK [5] Manufacturing Process - The new MicroLED manufacturing method involves preparing a MicroLED wafer, applying an adhesion layer, and selectively transferring only necessary LEDs to a display substrate [2][3] - This approach allows the source wafer to be reused multiple times, leading to lower display costs compared to traditional monolithic methods [3]

足球游戏市场又多一个新IP，上架首日就吸引了100万玩家。 与艺电体育（EA Sports）开发的《FC》系列与科乐美开发的《实况足球》（eFootball）系列不同，这款叫做"重赛"（Rematch）的新作，不以模拟真实足 球为卖点，而是被戏称为"功夫足球"的幻想类足球游戏。 而《重赛》并非唯一一款近期受到关注的足球游戏。公测近一年、2024年上市在主机平台正式发售的《UFL》，终于在6月9-16日启动PC版试玩测试，并 在蒸汽游戏商城（Steam）的"Steam Next Fest"活动期间，成为玩家数量排名第九的试玩版游戏。 同时，《重赛》也没有能力值机制。让自己控制的球员变强的唯一方法，就是玩家更熟悉游戏的键位操作并能够更准确地输入。 而使《重赛》变成"功夫足球"的机制，则在于游戏中没有犯规判定。当玩家处于"控球"状态时，对手只要靠近玩家并按下抢断键就能破坏玩家的控球。因 此各类充满视觉冲击力的飞铲和身体碰撞效果，让球权交换的过程充满"格斗"的味道。 整体来看，《重赛》承接着近十年前《火箭联盟》（Rocket League）开拓的市场，进一步挖掘幻想类足球游戏的发展潜力。两者都试图用基于科幻主题 而来 ...

Brings Proven Commercial Leadership, Reimbursement Expertise, and Global Market Insight to Support Next Phase of Growth Across Medical and Dental SegmentsROSELAND, N.J., May 19, 2025 (GLOBE NEWSWIRE) -- Milestone Scientific Inc. (NYSE: MLSS), a leading developer of computerized drug delivery instruments that provide painless and precise injections, today announced that Shanth Thiyagalingam, BMedSc, MMKTG, MBA, has joined its Board of Directors, effective May 14, 2025. Mr. Thiyagalingam brings more than 20 y ...

Reports Increased CompuFlo® Adoption Following Assignment of Favorable Medicare Payment Rates; Expands Federal Outreach Following FSS Contract AwardROSELAND, N.J., May 15, 2025 (GLOBE NEWSWIRE) -- Milestone Scientific Inc. (NYSE: MLSS), a leading developer of computerized drug delivery instruments that provide painless and precise injections, today provided a business update and reported financial results for the first quarter ended March 31, 2025. Neal Goldman, Chairman and Interim Chief Executive Officer ...