DOBOT (02432) rose nearly 7% during the morning trading session. At the time of writing, the stock was up 5.39%, trading at HK$32.04, with a turnover of HK$75.14 million. On the news front, the Shenzhen Stock Exchange website indicates that the Growth Enterprise Market (GEM) IPO application of Hong Kong-listed company DOBOT Technology has been accepted by the exchange. It is noteworthy that DOBOT Technology is not yet profitable and plans to apply for listing under the third set of GEM listing standards. The acceptance of its GEM IPO application marks the first instance of a Hong Kong-listed company from the Greater Bay Area returning to the A-share market via the Shenzhen exchange. With this move to list on the GEM, DOBOT Technology clearly aims to further strengthen its position in the embodied AI sector. According to the prospectus filing materials, the company plans to issue up to 48.88 million shares, aiming to raise RMB 1.2 billion. The funds will be primarily allocated towards the research and development of humanoid robots, the industrialization of multi-legged robots, upgrades to the marketing network, and supplementing working capital.