LeDong Robotics listed on the Hong Kong Stock Exchange, opening up 100%, Alibaba CEO Wu Yongming listed as a shareholder

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Abstract generation in progress

Leju Finance Wu Wenting On May 11, LeDong Robotics (01236.HK) was listed on the Hong Kong Stock Exchange, with Haitong International and Guotai Junan International serving as the joint sponsors. Its opening price was HKD 52.75, up 100.11%, and its total market capitalization was approximately HKD 17.583 billion.

LeDong Robotics is one of the companies that has a product matrix of intelligent robot visual perception technology, covering a range of innovative laser radar products for smart robots.

The company’s intelligent visual perception products are installed in widely used complete robots (such as robot vacuum cleaners, lawn mowing robots, hospitality service robots, restaurant delivery robots, inspection robots, and logistics robots). By closely seizing the surge in the global smart lawn mowing robot market, the company developed efficiently and successfully mass-produced fully intelligent lawn mowing robot products.

According to the prospectus, from 2023 to 2025, LeDong Robotics achieved revenues of 277 million yuan, 467 million yuan, and 748 million yuan, respectively; and annual losses of 68.491 million yuan, 56.483 million yuan, and 62.501 million yuan, respectively.

It is worth noting that since its establishment, LeDong Robotics has completed multiple rounds of financing. Before the IPO, Alibaba CEO Wu Yongming was listed among the shareholders, and Wu Yongming’s affiliated company Yuanjing Dingheng held a 1.79% stake.

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