New stock news | Siasun Robot & Automation has passed the hearing of the Hong Kong Stock Exchange. The home Siasun Robot & Automation system products have been commercialized.

According to the disclosure of the Hong Kong Stock Exchange on December 16th, Woi An Siasun Robot & Automation (Shenzhen) Co., Ltd. (referred to as Woi An Siasun Robot & Automation) has conducted a market hearing on the main board of the Hong Kong Stock Exchange, with Guotai Haitong and Huatai International as joint sponsors. According to the prospectus, Woi An Siasun Robot & Automation is a global provider of household Siasun Robot & Automation systems, focusing particularly on the Japanese, European, and North American markets, and is committed to building an ecosystem centered around smart household Siasun Robot & Automation products. According to a report by Frost & Sullivan, the company is a global leader in providing household Siasun Robot & Automation systems, offering a wide range of household Siasun Robot & Automation categories designed for various household scenarios. The company's products mainly include (i) enhanced executive Siasun Robot & Automation, including flexible skill Siasun Robot & Automation (such as door lock Siasun Robot & Automation, curtain Siasun Robot & Automation, and finger Siasun Robot & Automation), enhanced mobile Siasun Robot & Automation (such as multifunctional household Siasun Robot & Automation) and motion Siasun Robot & Automation; (ii) perception and decision-making systems, including intelligent central hubs, smart sensors, and smart cameras; and (iii) other smart home products and services, such as lighting, power tools, and smart appliances. The company is driven by technology research and development and product innovation, leveraging the advantages of an integrated industry chain covering research and development, production, and sales, continuously enhancing the application and penetration of household Siasun Robot & Automation technology in a wide range of household scenarios (covering smart control, household chores, smart housekeeping, elderly care, security protection, and energy management), and continuously improving the depth of household scenario coverage and the smart autonomous learning and decision-making capabilities of Siasun Robot & Automation to provide users with a rich and complete ecosystem for smart home living. As a global practitioner in the household Siasun Robot & Automation systems industry, the company has introduced multiple products, while also establishing a strong intellectual property asset base and maintaining a significant amount of research and development investment. The company has launched several innovative products in the household Siasun Robot & Automation systems industry and commercialized them. In 2017, the company launched SwitchBotBot; in 2020, SwitchBotCurtain was launched, followed by SwitchBotLock in 2022, and the enhanced mobile Siasun Robot & Automation SwitchBotS10 was launched in 2023. As of the last practicable date (December 11, 2025), the company has 311 patents globally, including 56 invention patents, which represent significant technological developments. The company has built a strong research and development team, accounting for 43.4% of the total number of employees as of the last practicable date. The company's steadfast commitment to innovation is also reflected in a significant investment in research and development, with research and development expenditures accounting for approximately 20% of the company's revenue from 2022 to 2024. The company's rise as a global operator is reflected in its broad global influence, high user engagement, and extensive product coverage in different markets and demographics. Building on its technological foundation, the company has established a complete ecosystem that closely connects innovative products with global users. As of the last practicable date, since its launch, the company's SwitchBotApp has registered over 3.5 million users, with over 10.8 million devices connected to the company's SwitchBotApp. During the historical period, the company's products were sold to over 90 countries and regions globally, and as of the last practicable date, they were available for purchase in over 2,000 offline retail stores worldwide. As of the last practicable date, approximately 55.9% of all registered SwitchBotApp users had connected two or more SwitchBot products to the SwitchBotApp, demonstrating widespread adoption of the company's product ecosystem, showcasing consumer loyalty and strong brand positioning. The company's household Siasun Robot & Automation system represents a fundamental advancement compared to traditional standalone smart home devices and ordinary household Siasun Robot & Automation. In contrast, standalone smart home devices only provide basic smart control without interconnectivity, while ordinary household Siasun Robot & Automation are operated based on preset programs or simple commands, but the company's household Siasun Robot & Automation system integrates artificial intelligence, Siasun Robot & Automation, and IoT technology to achieve autonomous learning and smart decision-making. The company's system mimics human behavior characteristics, including hands, feet, eyes, skin, and brains, to achieve real-time environmental perception, multi-functional equipment collaboration, and edge intelligence processing through decision-making intelligence hubs. The company offers a comprehensive product portfolio covering seven categories of 47 SPUs. The company has established an extensive omnichannel sales and distribution network, which includes DTC channels through e-commerce platforms and self-owned websites, retail channels (including major international retailers such as Amazon), and distribution channels. The company's widespread brand recognition is evidenced by the SwitchBotApp, which has a large and growing user base, with millions of registered users and connected devices, demonstrating a high customer retention rate and strong brand positioning in the expanding smart home ecosystem. Financially, for the fiscal years ending in 2022, 2023, 2024, and the six months ending June 30, 2025, the company's revenues were approximately RMB 275 million, RMB 457 million, RMB 610 million, and RMB 396 million, respectively; while during the same period, the annual net profit was -RMB 86.983 million, -RMB 16.376 million, -RMB 3.074 million, and RMB 27.903 million, respectively.