IPO News | Standard Robotics submits Hong Kong Stock Exchange as the world's fifth largest industrial intelligent mobile robot solution provider

The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on June 23, Standard Robotics (Wuxi) Co., Ltd. (hereinafter: Standard Robot) submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Securities and Guotai Junan International as co-sponsors.

According to the prospectus, Standard Robotics is the world's leading provider of industrial intelligent mobile robot solutions and is committed to empowering smart factories in various industrial scenarios. At the same time, it is also a pioneer in providing industrial embodied intelligent robot solutions. The company's tailor-made one-stop robotics solutions include a core robotics platform, a multi-functional industrial intelligent robot product line, and RoboVerse, an all-in-one intelligent collaboration system.

According to Insight Consulting, for the year ended December 31, 2024, the group is the world's fifth largest industrial intelligent mobile robot solution provider and the fourth largest industrial embodied intelligent robot solution provider in terms of sales volume. The company's high-quality solutions have been recognized and adopted by more than 400 customers around the world, many of whom are leading companies in their respective fields. According to Insight Consulting's 2024 shipment volume, the company is one of the world's largest providers of industrial intelligent mobile robot solutions in many high-tech fields, ranking second in the computer, communications and consumer electronics (3C) industry, second in the automotive industry, and fifth in the semiconductor industry.

According to Insight Consulting, the company is one of the few companies in the industry to independently develop full-stack technology. The company is a pioneer in industrial intelligent robot system engineering in China, and is also one of the first companies in China to independently develop proprietary operating systems suitable for industrial intelligent robots. According to Insight Consulting, the company has become one of the first companies to release simultaneous positioning and mapping (SLAM) technology. According to the same source, the company was also one of the first companies in the industry to develop visual language action (VLA) models for industrial scenarios. The company's cutting-edge breakthroughs in positioning, navigation, control, and sensing and operation technology give robots intelligence, efficiency, stability and safety. With the support of world models and multi-robot collaboration technology, robots are capable of group intelligence.

Based on industry-leading robotics and artificial intelligence (AI) technology, as well as proprietary data obtained from actual industrial scenarios, the company is the first company in China to implement a world model and group intelligence for industrial robot systems. According to Insight Consulting, the company is one of the few companies capable of dispatching more than 2,000 robots in a single simulation scenario. Generally, there will be no more than 500 robots in a single real industrial scenario. With cutting-edge technology, the company is at the cutting edge of robotics technology, providing efficient solutions for various industrial scenarios.

The company's robotics solutions have already been commercialized. The company has a diverse customer base in various industries, particularly high-tech industries such as 3C, automotive, and semiconductors. The company's customers are mainly manufacturers that apply the company's robotic solutions directly in their plants. Customers also include system integrators who integrate the company's robotics products into a wider range of automation solutions by adding components, software, and custom engineering to serve the customer's end application. Customers are mainly in mainland China.

In 2022, 2023 and 2024, Standard Robotics achieved revenue of approximately RMB 96.275 million, RMB 162 million, and RMB 251 million respectively; losses during the same period were approximately RMB 128 million, RMB 100 million, and RMB 45.144 million respectively.