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SHENZHEN DOBOT CORP LTD Broadcasts Proposed Itemizing on Major Board of The Inventory Change of Hong Kong Restricted

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Funding Highlights

– Participant on the Frontline of the Booming Cobot Business
– Sturdy Analysis and Growth Capabilities Guided by a Lengthy-termist Mindset
– Proprietary Full-stack Applied sciences Protecting All of the Key Points within the Cobot Growth Cycle
– Complete Product Matrix Catering to a Huge Array of Use Circumstances
– Profitable Commercialization Underscored by International Footprint and Clientele
– Visionary and Skilled Administration Staff

HONG KONG, Dec 13, 2024 – (ACN Newswire) – SHENZHEN DOBOT CORP LTD (“DOBOT” or the “Firm”, collectively with its subsidiaries, collectively referred because the “Group”) has just lately introduced the small print of the proposed itemizing of its shares on the Major Board of The Inventory Change of Hong Kong Restricted (“HKEx”) (the “Share Supply”).

DOBOT plans to supply a complete of 40,000,000 shares, topic to over-allotment possibility, comprising 2,000,000 Public Supply Shares and 38,000,000 Inserting Shares, at an Supply Worth vary between HK$18.80 and HK$20.80 per Supply Share. The Public Supply opened at 9:00 a.m. on Friday, December 13 and shut at 12:00 midday on Wednesday,December 18. The allotment outcomes can be introduced on Friday, December 20. Dealings in H shares on HKEx are anticipated to begin on Monday, December 23, underneath 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) Firm Restricted,Shenwan Hongyuan Securities (H.Ok.) Restricted and TradeGo Markets Restricted.

Firm Overview

DOBOT is one in every of main corporations that makes a speciality of the event, manufacturing and commercialization of collaborative robots, or generally referred to as“cobots.” DOBOT is a high 2 participant within the world cobot trade and the No.1 participant amongst all Chinese language cobot corporations, with a world market share of 13.0% as measured by cargo quantity in 2023, in response to the CIC Report. The worldwide cobot trade is at a nascent stage of growth, whose market dimension accounted for lower than 2% of the worldwide robotic trade when it comes to income in 2023. Based on the identical supply, the Group ranked seventh within the world cobot trade with a world market share of three.6% when it comes to world income generated from cobots in 2023.

The Group is specializing in trade innovation, notably in cobot security measures and AI capabilities, by introducing the versatile e-skin know-how, SafeSkin, and launching AI-empowered cobots underpinned by its AI cobot empowering platform, X-Coach. As of 6 December 2024, the Group supplied a complete of 27 cobot fashions in 4 sequence, catering to quite a few use instances in manufacturing, retail, healthcare, STEAM training, scientific analysis settings and lots of extra. In the course of the Observe File Interval, the Group bought a complete of over 53,000 cobots globally.

Enterprise Mannequin and Market Outlook

Cobots are robots with operational robotic arms meant for direct human-robot interplay or collaboration inside a shared house or the place people and robots are working in proximity. DOBOT is primarily engaged within the design,growth, manufacturing and commercialization of cobots. Its cobot merchandise are adopted by world clients for varied use instances in manufacturing, retail, healthcare, STEAM training, scientific analysis settings and lots of extra. All the cobot merchandise are designated Specialist Expertise Merchandise. The Group adopted a transaction[1] based mostly mannequin for the gross sales of the cobot merchandise.

The worldwide cobot market dimension has grown considerably from US$466.6 million in 2019 to US$1,039.5 million in 2023,at a CAGR of twenty-two.2%, and is anticipated to achieve US$4,950.0 million by 2028, at a CAGR of 36.6% from 2023 to 2028.Particularly, China is taking part in an more and more necessary function within the world cobot market, with its share within the world cobot market projected to extend 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 anticipated to additional speed up the adoption of cobots in additional use instances. The Group believes DOBOT is properly positioned to seize the substantial market alternative.

Monetary Highlights

The entire income of the Group was roughly 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 Group’s export quantity of cobots has constantly ranked first in China for six consecutive years, in response to the CIC Report.

The Group recorded gross revenue 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 gross revenue margin in 2021, 2022 and 2023 was 50.5%, 40.8%, 43.5% and 43.9%, considerably above the trade common. The excellent margin profile is basically attributable to the worldwide distribution community and a world clientele. In 2021, 2022, 2023 and the six months ended June 30, 2024, abroad markets contributed 48.1%, 58.1%, 59.1% and 61.4% of the full income, respectively. The fee benefits additionally stem from the proprietary growth of key parts and in-house design and growth of key parts in addition to economies of scale as calls for for the merchandise proceed to develop, coupled with the continued ramp-up of the manufacturing base in Rizhao, Shandong. Being a serious port metropolis, Rizhao’s proximity to the port considerably reduces transportation prices, facilitating environment friendly world export of the merchandise. The favorable margin profile not solely improves the monetary efficiency but in addition affords us extra flexibility in advertising and marketing technique tailor-made to an more and more aggressive panorama.

In 2021, 2022 and 2023, the Group had losses for the yr of RMB41.8 million, RMB52.5 million and RMB103.3 million, respectively, and within the six months ended June 30, 2023 and 2024, the Group had losses for the interval of RMB51.7 million and RMB59.9 million, respectively. This primarily attributes to the truth that the Group is within the stage of increasing the Group’s enterprise and operations within the quickly rising cobot market and are constantly investing in analysis and growth.

Aggressive Strengths

As one of many main corporations within the cobot trade, the Group believes that its success is attributable to the following aggressive strengths: Firstly, DOBOT is likely one of the main gamers on the frontline of the booming cobot trade, which has been acknowledged by world-renowned clients for its excellent technical capabilities and product power, and has led to a lot of advance technological improvements, particularly in cobot security measures and AI capabilities. On the identical time, the Group adheres to the long-termist mindset and guides its product R&D, and the Group’s analysis and growth initiatives are geared in the direction of sustainable progress and enduring influence. Leveraging its interdisciplinary analysis and growth capabilities, the Group has change into one in every of few within the world cobot trade, in response to the CIC Report, which have developed proprietary full-stack applied sciences that cowl all the important thing points within the cobot growth cycle. As well as, the Group has a complete product matrix catering to a wide selection of use instances; Extra importantly, underneath the management of its skilled administration workforce, the Group continues to develop its market share by way of the profitable commercialization of its world enterprise and clients.

Development Methods

In future, the Group pursues the next methods to additional develop the enterprise: (1) proceed to advance know-how growth, together with additional investing within the analysis and growth of proprietary key parts of cobots, investing within the analysis and growth of AI applied sciences, additional bettering its movement management algorithms, and constructing a full-perception know-how structure to develop the notion and interplay capabilities of our cobots and proceed to boost the protection measures in human-robot collaboration to satisfy the necessities in varied use instances; (2) proceed to develop the Group’s product providing and ecosystem to take care of its aggressive edge in complete product choices by additional upgrading current merchandise and launching new merchandise; (3) improve manufacturing capabilities and capability to streamline provide chain administration by introducing superior manufacturing applied sciences and gear to the manufacturing strains; (4) additional fortify the Group’s gross sales community to develop world attain. The Group plans to ascertain three abroad subsidiaries in Thailand, Mexico and United Arab Emirates to grab the enterprise alternatives; and (5) selectively pursue strategic collaboration, funding and acquisition alternatives to combine trade sources which will assist the Group acquires new applied sciences, develop gross sales channels and faucet into new industries the place most of potential clients have their designated cobot integrators or suppliers.

Mr. Liu Peichao, Founder, Controlling Shareholder, Chairman of the Group’s Board, government Director and common supervisor of DOBOT concluded, “We’re happy to witness this vital milestone within the Group’s historical past.By means of the Group’s itemizing on the Major Board of HKEx, we are going to faucet into the worldwide capital markets. This is not going to solely broaden the Group’s capital and shareholder base, however can even present us with capital to fund the Group’s growth plan, which is able to lastly strengthen the Group’s place within the trade and additional improve the Group’s aggressive benefits, thereby driving the Group’s long-term growth.”

“Trying forward, we’re dedicated to additional creating and consolidating the Group’s place within the collaborative robotics trade. The expansion fee of the worldwide collaborative robotic trade will far exceed the expansion fee of the normal industrial robotic trade. It’s anticipated that the popularization of AI know-how will additional speed up the adoption of cobots in additional use instances. With appreciable progress and the Group’s personal full-stack know-how, we stay up for capturing the worldwide cobot market alternative to take care of our main place within the trade and create higher worth for the shareholders.”

For additional enquiries, please contact Vivid Communications Worldwide Restricted:

Ms. Kung 
Cell: (852) 46371627
E-mail: ir@brightcommns.com


Matter: Press launch abstract


Supply: SHENZHEN DOBOT CORP LTD

Sectors: Electronics, Engineering, Synthetic Intel [AI], Automation [IoT]

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