Core Viewpoint - The pool cleaning robot sector is gaining significant attention from the capital market, with Tianjin Wangyuan Intelligent Technology Co., Ltd. applying for a listing on the Hong Kong Stock Exchange, aiming to become the first publicly listed company in China focused on pool cleaning robots [1][3]. Industry Overview - The global pool robot market is projected to grow from USD 980 million in 2024 to USD 1.94 billion by 2029, with a compound annual growth rate (CAGR) of 14.7% [1]. - The market in China is transitioning from a niche to a consumer-grade market, indicating increasing demand and potential for growth [1]. Company Performance - Wangyuan Technology is the largest supplier of pool cleaning robots in China and ranks among the top three globally for cordless pool cleaning robots [1]. - The company's revenue increased from RMB 317.694 million in 2022 to RMB 543.535 million in 2024, with a 42% year-on-year growth in the first half of 2025 [7][9]. - Gross profit margin improved from 53.4% in 2022 to 65.2% in the first half of 2025, while net profit margin decreased from 30.8% in 2022 to 16.1% in the first half of 2025 [7][8]. Business Strategy - The company is shifting from OEM production to its own brand products, which has contributed to the increase in gross profit margin but has also led to a decline in net profit margin [8]. - In 2024, sales from branded products accounted for 72.4% of total revenue, up from 6.0% in 2022 [8][9]. Market Dynamics - The pool cleaning robot market is seeing increased activity from various companies, with significant investments being made, such as Beatbot's recent RMB 1 billion financing round [11]. - The market is characterized by a strong export focus, with over 97% of Wangyuan's products sold internationally across 60 countries [9]. Future Outlook - The increasing number of private pools globally, estimated at over 28 million, is driving demand for pool cleaning robots, particularly in developed markets like the U.S. [12]. - Companies are beginning to explore domestic market opportunities in China, with brands like iGarden planning to expand their presence [12].

记者丨 吴立洋 高江虹 编辑丨高梦阳 泳池机器人赛道正被资本市场所重视。 9月28日，天津望圆智能科技股份有限公司正式向港交所主板递交上市申请书，中信建投国际 担任独家保荐人。这家以泳池清洁机器人为核心业务的企业，正冲刺 "中国泳池机器人第一 股" 。 据灼识咨询报告，按2024年自制产品出货量计算， 公司不仅是中国排名第一的泳池清洁机器 人供应商，更是全球最大的无缆泳池清洁机器人供应商，位居全球前三。 近期相关企业也越来越活跃。9月23日，泳池清洁机器人品牌星迈创新Beatbot宣布完成新一轮 10亿元人民币的融资；出海大卖的菲亚兰德集团旗下的iGarden品牌也在试水国内市场。The Business Research数据显示，2024年全球泳池机器人市场规模已达9.8亿美元，预计至2029年 将攀升至19.4亿美元，年复合增长率达14.7%。 综合来看，泳池机器人在国内正从小众市场步入消费级市场。 转战港股 值得注意的是，此前望圆科技曾计划登陆深市主板， 但在被中信建投一实习生在社交平台分 享其实习经历，泄露包括望圆科技等3家公司的IPO材料后 ，其于2024年3月撤回公开发行股 票并在主板上市的申请。 ...

（原标题：望圆科技递表港交所，冲刺中国泳池机器人第一股） 21世纪经济报道记者 吴立洋 高江虹 泳池机器人赛道正被资本市场所重视。 9月28日，天津望圆智能科技股份有限公司正式向港交所主板递交上市申请书，中信建投国际担任独家保荐人。这家以泳池清洁机器人为核心业务 的企业，正冲刺"中国泳池机器人第一股"。 据灼识咨询报告，按2024年自制产品出货量计算，公司不仅是中国排名第一的泳池清洁机器人供应商，更是全球最大的无缆泳池清洁机器人供应 商，位居全球前三。 近期相关企业也越来越活跃。9月23日，泳池清洁机器人品牌星迈创新Beatbot宣布完成新一轮10亿元人民币的融资；出海大卖的菲亚兰德集团旗 下的iGarden品牌也在试水国内市场。The Business Research数据显示，2024年全球泳池机器人市场规模已达9.8亿美元，预计至2029年将攀升至19.4 亿美元，年复合增长率达14.7%。 综合来看，泳池机器人在国内正从小众市场步入消费级市场。 转战港股 值得注意的是，此前望圆科技曾计划登陆深市主板，但在被中信建投一实习生在社交平台分享其实习经历，泄露包括望圆科技等3家公司的IPO材 料后，其于202 ...