上市捷报丨沙利文助力深圳市优必选股份有限公司成功赴港上市(9880.HK)

Shenzhen Ubuy Co., Ltd. (Stock Code:9880.HK) on2023year12month29The company successfully listed on the Main Board of the Hong Kong Capital Market. It is a well-known Chinese robotics company dedicated to the design, production, commercialization, sales, marketing, and research and development of intelligent service robots and solutions. Frost & SullivanFrost & Sullivan,Frost & Sullivan, referred to below as the 'Frost & Sullivan Group', provides exclusive industry advisory services for Shenzhen Youbixuan Co., Ltd.'s listing. We hereby extend our warmest congratulations on its successful listing.

Shenzhen Youbuy Co., Ltd. (hereinafter referred to as 'Youbuy') was established on2023year12month29The company plans to go public on the 1st of July1,128.210,000 sharesHstocks, among which90%For international distribution,10%For public offering. The final issue price is RMB per share.90HK$, net proceeds from global offering approximately9.06HK$10 billion.

During the process of listing in Hong Kong this time, Frost & Sullivan mainly undertook the following tasks: helping the issuer accurately and objectively understand its positioning in the target market, using objective market data to discover, support, and highlight the issuer's competitive advantages, assisting the issuer, investment banks, and other intermediaries in completing the relevant parts of the prospectus (such as overview, competitive advantages and strategy, industry overview, business, and other important chapters), helping the issuer complete communication with the Hong Kong Stock Exchange and investors, assisting investors in quickly understanding the market ecosystem and competitive landscape, and assisting the issuer in completing feedback on various industry-related issues from the Hong Kong Stock Exchange, etc.

Investment highlights

The company is a well-known provider of intelligent service robots and solutions in China;

The company has independently developed a full-stack technology in the field of intelligent robots;

The company has successfully commercialized products and services for various application scenarios by applying core technologies to humanoid robots;

According to a report by Frost & Sullivan:

press2022In terms of annual revenue, the company ranks third in China's intelligent service robot and intelligent service robot solutions industry;

press2022In terms of annual revenue, the company is China's largest provider of educational intelligent robots and intelligent robot solutions;

The company is the first in China to commercialize a bipedal humanoid robot of real human size.

Global intelligent service robots

andMarket Overview of Intelligent Service Robot Solutions

The active development of the robotics industry has become a national strategy for many developed and emerging economies. Specifically, the continuous upgrading of robotics technology, the decreasing price of intelligent service robots, and the growing willingness of downstream customers to pay for intelligent service robots and their solutions are driving the widespread adoption of robots, accelerating the rapid growth of the global market for intelligent service robots and their solutions. In addition, labor shortages and rising labor costs have further accelerated the rapid penetration of intelligent service robots and their solutions. According to a Frost & Sullivan report, in terms of sales revenue, the global market for intelligent service robots and their solutions has grown from2018year114USD billion growth to2022year235billion US dollars, with a compound annual growth rate during this period of19.8%.

Looking ahead, according to the Frost & Sullivan report, with the expansion and maturation of the types and functions of intelligent service robots and their solutions, it is expected that the global market for intelligent service robots and their solutions will reach628billion US dollars2022Year-end2028The compound annual growth rate for the year is17.8%.

Source: Frost & Sullivan report

China's intelligent service robots and

Market Overview of Intelligent Service Robot Solutions

The Chinese government has introduced a series of favorable policies, such as those initiated by the Ministry of Industry and Information Technology and multiple other Chinese government departments2023year1Monthly release of “Robots+The 'Application Action Implementation Plan' is being developed to promote the development of the robotics industry. As a result, market participants in China's intelligent service robot and intelligent service robot solution industries have begun to gather and collaborate. In addition, China's strong market demand provides more opportunities and confidence for intelligent service robot and intelligent service robot solution companies to launch innovative products and services. According to a Frost & Sullivan report, in terms of sales revenue, the market for intelligent service robots and intelligent service robot solutions in China is composed of2018Renminbi in [year]193RMB 100 million increased to2022Renminbi in [year]516Yuan, with a compound annual growth rate for this period of27.9%.

In recent years, the penetration rate of intelligent service robots and intelligent service robot solutions in China has remained low. The low penetration rate of the intelligent service robot and intelligent service robot solution industry can be attributed to several factors, including:(i)High cost: The development and deployment costs of intelligent service robots and intelligent service robot solutions are relatively high, making them unaffordable for many enterprises and consumers;(ii)Limited functionality: Many intelligent service robots and solutions have limited capabilities and have not yet been able to perform complex tasks that humans can undertake, which results in a lower attractiveness to potential users;(iii)Lack of awareness: Many enterprises and consumers are unaware of the potential benefits of using intelligent service robots and intelligent service robot solutions, or they may not know how to use them effectively; and(iv)Technical challenges: Developing and deploying intelligent service robots and solutions may face challenges, requiring specialized technical skills and expertise, which are not widely available.

Looking ahead, it is expected that cutting-edge artificial intelligence technologies will significantly impact the development of China's intelligent service robot and intelligent service robot solution markets in the coming years, and further explore the application scenarios of intelligent service robots and their solutions in China. In addition, for personal use in non-commercial tasks/The continuous upgrade of the appearance and functionality of smart service robots for household use, coupled with attractive applications offered at competitive prices, will further stimulate individuals/The growth of the home intelligent service robot and intelligent service robot solution market. According to a Frost & Sullivan report, since2022Year-end2028In [year], the market scale of intelligent service robots and intelligent service robot solutions in China will reach RMB1,832yuan, with a compound annual growth rate of23.5%.

Source: Frost & Sullivan report

Chinese intelligent service robot

Competitive landscape of the solution industry

According to the Frost & Sullivan report, the competition in China's intelligent service robot solutions industry is fierce and fragmented. However, only a few participants in the industry can offer full-stack core technologies (including computer vision, voice interaction, servo drives, motion planning and control laboratories, as well as positioning navigation). According to the Frost & Sullivan report, the company ranks third in China's intelligent service robot and intelligent service robot solutions industry (2022The annual revenue is [X] billion, and it is one of only two companies among the top five that possess full-stack technical capabilities.

Source: Frost & Sullivan report

China's Intelligent Educational Robots and

Market Overview of Intelligent Robot Solutions

Educational intelligent robots and intelligent robot solutions(i)Refers to educational robots and robot solutions that use artificial intelligence technology in the teaching process, excluding general hardware such as computers and projectors;(ii)Composed of intelligent education robots and supplementary software, as well as intelligent robot solutions (such as AI smart education platforms and AI education courses);(iii)Used as a teaching tool to assist students in learningSTEAMCourses such as artificial intelligence and programming learning; and(iv)Designed to serve enterprise-level customers as its downstream clients, including schools and educational institutions, rather than individual consumers. According to a Frost & Sullivan report, the market scale of China's education intelligent robots and intelligent robot solutions industry, measured by sales revenue, has risen from2018Renminbi in [year]10RMB billion increased2022Renminbi in [year]23yuan, since2018Year-end2022The compound annual growth rate for the year is23.1%.

According to the Frost & Sullivan report, looking ahead, with the government's promotion of artificial intelligence education and the expansion of AI laboratories and programming laboratories in schools, the market base for intelligent educational robots and intelligent robot solutions will continue to expand. It is expected that the market size will reach2028The year will reach Renminbi70yuan, since2022Year-end2028The compound annual growth rate for the year is expected to be20.4%.

Source: Frost & Sullivan report

China's Intelligent Educational Robots and

Competitive landscape of intelligent robot solution industry

According to a Frost & Sullivan report, the competitive landscape of China's education intelligent robots and intelligent robot solutions industry is relatively fragmented, with more than50Market participants. By2022In terms of revenue for the year, the company ranked first, accounting for22.5%Market share. The following table provides information on the top five participants in the China education intelligent robot and intelligent robot solutions industry:

Source: Frost & Sullivan report

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Frost & Sullivan company inTMTThe firm has rich research experience and has assisted well-known enterprises in successfully listing on the capital market. Successful listing cases include: Beike Micro 2149.HK), Weier Co., Ltd.(SIX: WILL)Cnlink Technology （ NASDAQ:ICG ), smalliRobotNASDAQ: AIX), Jinshan Cloud Holdings 3896.HK), Haojing Technology2440.HK), Xuanwu Cloud Technology2392.HK), Huitongda9878.HK), innovative wisdom2121.HK), Shangtang Technology0020.HK), Qinhuai DataNASDAQ:CD), Mingyuan Cloud0909.HK), Genesis Group1849.HK), WeCom Group2013.HK), Wankala Union (1762.HK), Yaxin Technology1675.HK), Hongya Holdings1723.HKAurora MovingNASDAQ:JG), Jingguan Holdings8606.HK), Qiyi Technology1739.HK), WeCom Finance (2003.HK), Huifu Tianxia(1806.HK),Atlinks（8043.HK),Zioncom（8287.HK),ISP Global（8487.HK),Vobile（3738.HK), Aibo Technology2708.HK),iClick（NASDAQ:ICLK), Shengye Capital6069.HK), Anling International8410.HK), Anke Systems8353.HK), Junmeng International8062.HK), Feisida8342.HK),Future Data（8229.HK) and Asiy Backup8290.HK) etc.