SHENZHEN DOBOT CORP LTD Declares Proposed Listing on Main Board of The Stock Change of Hong Kong Restricted
Funding Highlights
– Player at the Frontline of the Booming Cobot Alternate
– Grand Learn and Construction Capabilities Guided by a Long-termist Mindset
– Proprietary Corpulent-stack Technologies Overlaying All of the Key Aspects within the Cobot Construction Cycle
– Comprehensive Product Matrix Catering to a Wide Array of Consume Cases
– Winning Commercialization Underscored by Global Footprint and Clientele
– Visionary and Experienced Administration Team
HONG KONG, Dec 13, 2024 – (ACN Newswire) – SHENZHEN DOBOT CORP LTD (“DOBOT” or the “Company”, collectively with its subsidiaries, collectively referred because the “Community”) has currently presented the info of the proposed checklist of its shares on the Main Board of The Stock Change of Hong Kong Restricted (“HKEx”) (the “Part Provide”).
DOBOT plans to offer a total of 40,000,000 shares, arena to over-half choice, comprising 2,000,000 Public Provide Shares and 38,000,000 Inserting Shares, at an Provide Label fluctuate between HK$18.80 and HK$20.80 per Provide Part. The Public Provide opened at 9:00 a.m. on Friday, December 13 and shut at 12:00 noon on Wednesday,December 18. The half results will doubtless be presented on Friday, December 20. Dealings in H shares on HKEx are expected to beginning on Monday, December 23, below the inventory code 2432.HK.
Guotai Junan Capital Restricted and ABCI Capital Restricted are the Joint Sponsors. Joint Bookrunners are Guotai Junan Securities (Hong Kong) Restricted, ABCI Capital Restricted, China PA Securities (Hong Kong) Company Restricted,Shenwan Hongyuan Securities (H.Okay.) Restricted and TradeGo Markets Restricted.
Company Overview
DOBOT is one among leading companies that specializes in the vogue, manufacturing and commercialization of collaborative robots, or frequently identified as“cobots.” DOBOT is a top 2 participant within the world cobot industry and the No.1 participant among all Chinese language cobot companies, with a world market portion of 13.0% as measured by cargo quantity in 2023, in response to the CIC Sage. The realm cobot industry is at a nascent stage of vogue, whose market dimension accounted for below 2% of the world robot industry in the case of earnings in 2023. Based fully mostly on the identical source, the Community ranked seventh within the world cobot industry with a world market portion of three.6% in the case of world earnings generated from cobots in 2023.
The Community is focusing on industry innovation, particularly in cobot safety measures and AI capabilities, by introducing the versatile e-pores and skin technology, SafeSkin, and launching AI-empowered cobots underpinned by its AI cobot empowering platform, X-Coach. As of 6 December 2024, the Community supplied a total of 27 cobot units in four series, catering to various snarl cases in manufacturing, retail, healthcare, STEAM training, scientific learn settings and many extra. At some level of the Note File Duration, the Community sold a total of over fifty three,000 cobots globally.
Enterprise Model and Market Outlook
Cobots are robots with operational robotic hands intended for declare human-robot interaction or collaboration within a shared space or where humans and robots are working in proximity. DOBOT is essentially engaged within the shape,vogue, manufacturing and commercialization of cobots. Its cobot merchandise are adopted by world customers for various snarl cases in manufacturing, retail, healthcare, STEAM training, scientific learn settings and many extra. All of the cobot merchandise are designated Specialist Technology Products. The Community adopted a transaction[1] essentially based mostly model for the gross sales of the cobot merchandise.
The realm cobot market dimension has grown significantly from US$466.6 million in 2019 to US$1,039.5 million in 2023,at a CAGR of 22.2%, and is expected to be triumphant in US$4,950.0 million by 2028, at a CAGR of 36.6% from 2023 to 2028.In particular, China is taking half in an additional and further well-known role within the world cobot market, with its portion within the world cobot market projected to amplify from 26.3% in 2023 to 37.2% in 2028, at a CAGR of 46.5% from 2023 to 2028.The proliferation of AI applied sciences is expected to further trail up the adoption of cobots in extra snarl cases. The Community believes DOBOT is smartly positioned to hang the mountainous market different.
Financial Highlights
The total earnings of the Community used to be approximately RMB174.3 million, RMB241.0 million, RMB286.7 million for FY2021, FY2022, FY2023, respectively, at a CAGR of 28.3% and elevated by 9.6% from RMB109.9 million within the six months ended June 30, 2023 to RMB120.5 million within the six months ended June 30, 2024. The Community’s export quantity of cobots has consistently ranked first in China for six consecutive years, in response to the CIC Sage.
The Community recorded atrocious earnings of RMB88.1 million, RMB98.2 million, RMB124.8 million, and RMB52.8 million in 2021, 2022, 2023 and the six months ended June 30, 2024, respectively. The atrocious earnings margin in 2021, 2022 and 2023 used to be 50.5%, 40.8%, 43.5% and 43.9%, significantly above the industry practical. The smartly-known margin profile is basically attributable to the world distribution community and a world clientele. In 2021, 2022, 2023 and the six months ended June 30, 2024, in one other country markets contributed Forty eight.1%, 58.1%, 59.1% and 61.4% of the total earnings, respectively. The price benefits also stem from the proprietary vogue of key parts and in-house kind and vogue of key parts as smartly as economies of scale as calls for for the merchandise continue to grow, coupled with the continuing ramp-up of the production depraved in Rizhao, Shandong. Being a predominant port metropolis, Rizhao’s proximity to the port significantly reduces transportation expenses, facilitating atmosphere pleasant world export of the merchandise. The favorable margin profile now no longer simplest improves the financial performance but also affords us extra flexibility in marketing and marketing technique tailored to an additional and further aggressive landscape.
In 2021, 2022 and 2023, the Community had losses for the year of RMB41.8 million, RMB52.5 million and RMB103.3 million, respectively, and within the six months ended June 30, 2023 and 2024, the Community had losses for the length of RMB51.7 million and RMB59.9 million, respectively. This essentially attributes to the indisputable truth that the Community is within the stage of growing the Community’s industry and operations within the impulsively growing cobot market and are continuously investing in learn and vogue.
Aggressive Strengths
As one among the leading companies within the cobot industry, the Community believes that its success is attributable to the following aggressive strengths: Within the inspiration, DOBOT is one among the leading gamers at the frontline of the booming cobot industry, which has been known by world-smartly-known customers for its smartly-known technical capabilities and product power, and has resulted in a choice of advance technological improvements, especially in cobot safety measures and AI capabilities. At the identical time, the Community adheres to the lengthy-termist mindset and guides its product R&D, and the Community’s learn and vogue initiatives are geared against sustainable sing and enduring impact. Leveraging its interdisciplinary learn and vogue capabilities, the Community has develop into one among few within the world cobot industry, in response to the CIC Sage, that maintain developed proprietary beefy-stack applied sciences that quilt your total key functions within the cobot vogue cycle. As well, the Community has a comprehensive product matrix catering to a giant fluctuate of snarl cases; Extra importantly, below the management of its skilled administration group, the Community continues to spice up its market portion throughout the winning commercialization of its world industry and customers.
Speak Systems
In future, the Community pursues the next suggestions to further grow the industry: (1) continue to advance technology vogue, including further investing within the learn and vogue of proprietary key parts of cobots, investing within the learn and vogue of AI applied sciences, further enhancing its movement control algorithms, and building a beefy-perception technology architecture to spice up the perception and interaction capabilities of our cobots and continue to toughen the protection measures in human-robot collaboration to meet the necessities in various snarl cases; (2) continue to spice up the Community’s product providing and ecosystem to glean its aggressive edge in comprehensive product offerings by further upgrading unique merchandise and launching new merchandise; (3) toughen production capabilities and ability to streamline provide chain administration by introducing developed manufacturing applied sciences and instruments to the production lines; (4) further toughen the Community’s gross sales community to spice up world attain. The Community plans to assign three in one other country subsidiaries in Thailand, Mexico and United Arab Emirates to take the industry alternatives; and (5) selectively pursue strategic collaboration, funding and acquisition alternatives to combine industry sources that might maybe furthermore serve the Community acquires new applied sciences, boost gross sales channels and tap into new industries where most of doable customers maintain their designated cobot integrators or suppliers.
Mr. Liu Peichao, Founder, Controlling Shareholder, Chairman of the Community’s Board, executive Director and long-established supervisor of DOBOT concluded, “We’re cushty to ogle this critical milestone within the Community’s historical previous.During the Community’s checklist on the Main Board of HKEx, we are able to tap into the global capital markets. This can now no longer simplest expand the Community’s capital and shareholder depraved, but can even provide us with capital to fund the Community’s expansion conception, that will lastly pork up the Community’s inform within the industry and further toughen the Community’s aggressive benefits, thereby utilizing the Community’s lengthy-term vogue.”
“Having a gape forward, we are committed to further growing and consolidating the Community’s inform within the collaborative robotics industry. The sing rate of the world collaborative robot industry will some distance exceed the expansion rate of the worn industrial robot industry. It is miles expected that the popularization of AI technology will further trail up the adoption of cobots in extra snarl cases. With appreciable sing and the Community’s private beefy-stack technology, we detect forward to capturing the world cobot market different to glean our leading inform within the industry and style elevated worth for the shareholders.”
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Subject: Press release summary
Source: SHENZHEN DOBOT CORP LTD
Sectors: Electronics, Engineering, Synthetic Intel [AI], Automation [IoT]
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