The initial public offering for LDROBOT (01236), hailed as the first listed company specializing in spatial intelligent robotics, is currently underway. Based on comprehensive market data, the retail portion of the offering has generated a staggering margin financing amount of HKD 339.378 billion from securities firms. With the public offering aiming to raise HKD 100 million, this represents an oversubscription rate of approximately 3,392.78 times. LDROBOT plans a global offering of 33.333 million H-shares, with 10% allocated to the Hong Kong public offering. The price range has been set between HKD 24 and HKD 30 per share, with a board lot of 200 shares, making the minimum investment per lot approximately HKD 6,060.5. The company is expected to list on May 11, with Haitong International and Guotai Junan International acting as joint sponsors.

According to its prospectus, LDROBOT is a globally leading, perception-intelligence-based, full-stack intelligent robotics company. The company has established an intelligent robotics infrastructure centered on visual perception, which it applies across various robotic application scenarios. It offers both visual perception products and complete intelligent robotic systems. In 2024, the number of intelligent robots equipped with the company's visual perception technology surpassed 6 million units. Data from CIC indicates that based on 2024 revenue, LDROBOT is the world's largest intelligent robotics company focused on visual perception technology.

Financially, LDROBOT has demonstrated a consistent pattern over the past three years, characterized by sustained high revenue growth, accelerating profitability, and steadily improving operational quality. The company reported revenue of RMB 277 million in 2023, which increased significantly to RMB 467 million in 2024, marking a 69% year-on-year growth. Revenue further climbed to RMB 748 million in 2025, a 60% increase compared to the previous year. The primary sources of this revenue are sales of visual perception products and robotic lawn mowers. Notably, the proportion of the company's overseas revenue surged from 4% in 2024 to 18.4% in 2025, highlighting significant success in its international market expansion efforts.