New stock news | Extremely Intelligent Jia (02590) IPO raised a record amount in the Hong Kong stock market, with an oversubscription of more than 30 times, attracting active subscriptions from sovereign wealth funds, many international long-term funds, and others.

Global warehousing leader Siasun Robot&Automation, Jizhijia-W (02590), officially disclosed the final offer price and allocation results announcement on the Hong Kong Stock Exchange. Jizhijia's IPO raised over HK$2.71162 billion, making it the largest Hong Kong-listed Siasun Robot&Automation company so far, and also the largest non-"A+H" technology company IPO in the Hong Kong market this year. The market subscription was exceptionally hot, with a public offering in Hong Kong oversubscribed by 133.62 times, and an international offering oversubscribed by 30.17 times. Sovereign wealth funds, numerous international long-term funds, top technology funds, and hedge funds all actively participated in the subscription. In addition, Jizhijia's IPO attracted a strong lineup of cornerstone investors, including international top long-term investment institutions under PRU - Eastspring, Arc Avenue focusing on investment opportunities in China, AVIC Siasun Robot&Automation, and Yige held by the cross-border giant Zongteng Group, with a total subscription amount of approximately US$91.30 million (approximately HK$7.167 billion). The hot market subscription clearly demonstrates the capital market's strategic consensus on the warehousing Siasun Robot&Automation track, as well as its recognition of Jizhijia's commercialization capabilities and technological value! It is reported that Jizhijia will be officially listed on the HKEX main board tomorrow (July 9), becoming the "first global AMR warehousing Siasun Robot&Automation stock". As the world's largest provider of warehousing and fulfillment AMR Siasun Robot&Automation solutions, Jizhijia, with its leading position in the industry for six consecutive years, mature commercialization capabilities, profitable recovery capabilities across cycles, and a global layout covering more than 40 countries, has become a rare hard technology target on the Hong Kong stock market. Jizhijia's continued strong business growth further highlights its commercial advantages. The company's revenue increased from HK$790 million in 2021 to HK$2.41 billion in 2024, with a compound annual growth rate of 45%. With revenue exceeding HK$2.4 billion in 2024, it has become the largest in terms of scale among Hong Kong-listed ToB Siasun Robot&Automation companies to date. What's worth noting is the sharp rise in profitability - gross profit increased from HK$80 million in 2021 to HK$840 million in 2024, with a compounded growth rate of 118.5%. The gross profit margin further increased to 34.8% in 2024. Adjusted EBITDA losses for 2024 significantly narrowed to HK$25 million, while adjusted net loss narrowed to 3.8%, demonstrating strong operational resilience and continued blood-making ability, potentially turning losses into profits. In addition to the financial highlights of "high scale, high growth, low losses", Jizhijia's international layout is also impressive. According to data from Zuo Shi Consulting, as of December 31, 2024, Jizhijia has the most extensive global business in the AMR market, with over 70% of overseas income in 2024 and business presence in more than 40 countries. The company has delivered 56,000 AMRs and has 48 global service stations and 13 spare parts centers, making it one of the few Chinese technology companies leading in high-end European and American markets. Jizhijia has also pioneered several industry-leading technologies. For example, the company's self-developed Siasun Robot&Automation general technology platform, Robot Matrix, provides underlying support for the rapid iteration and customized deployment of AMR devices, significantly improving research and development efficiency and system compatibility. Its self-developed large-scale multi-machine mixed scheduling system supports over 5,000 devices operating cooperatively in a single warehouse, and has various "thousand-unit" projects globally, surpassing the industry average. Looking ahead, with the acceleration of global supply chain intelligence, the industry's prospects are even broader. According to industry forecasts, in the coming years, the Chinese autonomous mobile Siasun Robot&Automation (AMR) market will rapidly develop at a compound annual growth rate of over 30%. Against this backdrop, Jizhijia, with its first-mover advantage and technological accumulation, is poised to continue benefiting from this wave of intelligence.