Futu News reported on December 20 that the third technology company to list on the Hong Kong Stock Exchange under the Chapter 18C is a specialized technology company. $DOBOT (02432.HK)$ The dark market opened flat today, currently up 6.38%, reported at 20 Hong Kong dollars, with a transaction amount of 1.7175 million HKD and a total market value of 8 billion HKD.

Market source: Futu Securities.

Company Overview.

Shenzhen Yuyuan Technology Co., Ltd. was established in 2015 by Liu Peichao, a graduate student from ShanDong University. The company is dedicated to the research and application innovation of intelligent robots, focusing on the research, production, sales, and service of intelligent robotic arms and other intelligent hardware products. Yuyuan Technology has developed the world's first desktop collaborative robot and is the first robot company to have a product matrix with a load capacity of 0.5 to 20 kg.

According to a report by Zhaoshang Consulting, Yuyuan Technology's collaborative robots have topped the export rankings in China for six consecutive years. From 2021 to 2023, Yuyuan Technology has sold over 47,000 collaborative robots globally, covering more than 80 countries and regions, including major overseas markets such as the USA, EU, Japan, and Southeast Asia. Based on the shipment volume in 2023, Yuyuan Technology ranks among the top two in the global collaborative robot industry and is ranked first among all collaborative robot companies in China, with a global market share of 13.0%.

Financial Overview

In terms of financial overview, according to the prospectus, Yuejiang Technology's revenue for 2021, 2022, and 2023 was approximately 0.174 billion yuan, 0.241 billion yuan, and 0.287 billion yuan, respectively. In 2021, 2022, and 2023, the company recorded gross profits of approximately 88.08 million yuan, 98.22 million yuan, and 0.125 billion yuan, as well as losses for the same years/periods of 41.76 million yuan, 52.48 million yuan, and 0.103 billion yuan.

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Editor/Jamie