New stock news | Beijing Roborock Technology (688169.SH) has filed with the Hong Kong Stock Exchange and has sold approximately 20 million units of intelligent sweeper Siasun Robot & Automation.

According to the disclosure on December 31 by the Hong Kong Stock Exchange, Beijing Roborock Technology Co., Ltd. (referred to as: Beijing Roborock Technology) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC and J.P. Morgan acting as its joint sponsors. Company Profile The prospectus shows that Beijing Roborock Technology (688169.SH) is a global leader in the field of intelligent floor sweeping robots and automation. During the reporting period, about 90% of the company's revenue came from the sales of intelligent floor sweeping robots and automation, and the company is continuously expanding into new product categories, such as floor washing machines and washing and drying machines. The global sales volume of the company's intelligent floor sweeping robots and automation increased from approximately 2,246,000 units in 2022 to approximately 3,449,000 units in 2024, with a compound growth rate of 23.9%. During the period from 2016 to 2024, the global sales volume of the company's intelligent floor sweeping robots and automation was approximately 20 million units. According to data from Zhi Shi Consulting, in 2024, Beijing Roborock Technology is the world's top brand in terms of GMV and sales volume in the field of intelligent floor sweeping robots and automation. According to the same source, the company had a global market share of 23.4% in terms of GMV in the global market for intelligent floor sweeping robots and automation in 2024. As of September 30, 2025, the company's products have been sold in 96 self-operated stores in 15 official Beijing Roborock Technology stores and major e-commerce platforms worldwide. The number of distributors around the world has nearly doubled from 2022 to 2024. As of September 30, 2025, the company's products have entered households in over 170 countries and regions. The market for intelligent home cleaning products is experiencing rapid growth. Among the major categories of intelligent home cleaning products, intelligent floor sweeping robots and automation stand out as the largest segment market with strong growth potential. According to Zhi Shi Consulting, the global market size of intelligent floor sweeping robots and automation in terms of GMV is expected to reach $25.2 billion in 2029, with a compound annual growth rate of 22.0% from 2024 to 2029, higher than the compound annual growth rate of 5.8% for the global home cleaning products market. Financial Information Revenue In 2022, 2023, 2024, and the nine months ending September 30, 2025, the company's revenue amounted to approximately RMB 6.611 billion, RMB 8.639 billion, RMB 11.918 billion, and RMB 12.055 billion respectively. Profit In 2022, 2023, 2024, and the nine months ending September 30, 2025, the company recorded annual/periodic profits of approximately RMB 1.183 billion, RMB 2.051 billion, RMB 1.977 billion, and RMB 1.038 billion respectively. Industry Overview The global market size of home cleaning products based on GMV increased from $105.5 billion in 2020 to $122.1 billion in 2024, with a compound annual growth rate of 3.7%. It is expected to reach $162 billion by 2029, with a compound annual growth rate of 5.8% from 2024 to 2029. Intelligent floor sweeping robot and automation market Among the major categories of intelligent home cleaning products, intelligent floor sweeping robots and automation are the largest segment market with strong growth potential. The global market size of intelligent floor sweeping robots and automation based on GMV increased from $4.4 billion in 2020 to $9.3 billion in 2024, with a compound annual growth rate of 20.6%. It is expected to further increase to $25.2 billion by 2029, with a compound annual growth rate of 22.0% from 2024 to 2029. The global sales volume of intelligent floor sweeping robots and automation increased from 14.3 million units in 2020 to 20.6 million units in 2024, with a compound annual growth rate of 9.6%. It is expected to further increase to 43.2 million units by 2029, with a compound annual growth rate of 15.9% from 2024 to 2029. In terms of market size, China, the United States, Japan, South Korea, and Germany are the top five markets for intelligent floor sweeping robots and automation in 2024. Competitive Landscape The global market for intelligent floor sweeping robots and automation is relatively concentrated. In 2024, the top five brands' products of intelligent floor sweeping robots and automation accounted for 73.1% in terms of GMV and 61.5% in terms of sales volume. In 2024, the company's intelligent floor sweeping robots and automation accounted for a market share of 23.4% in terms of GMV and 16.7% in terms of sales volume, ranking first in both indicators in the global intelligent floor sweeping robots and automation industry. Board of Directors Information The company's board of directors consists of 8 directors, including 3 executive directors, 1 non-executive director, and 4 independent non-executive directors. The term of office for directors is 3 years, and they may be re-elected for additional terms once their term has expired. According to relevant laws and regulations in China, the term of office for independent non-executive directors shall not exceed six years. Ownership Structure As of December 23, 2025, Mr. Chang Jing holds 20.99% of the company's shares. Intermediary Team Joint Sponsors: J.P. Morgan Securities (Far East) Limited; CITIC SEC (Hong Kong) Limited. Company Legal Advisors: For Hong Kong and U.S. law: Clifford Chance; For Chinese law: Commerce & Finance Law Offices. Joint Sponsors Legal Advisors: For Hong Kong and U.S. law: Milbank LLP; For Chinese law: Tian Yuan Law Firm. Auditors and Reporting Accountants: Ernst & Young. Industry Consultants: Zhi Shi Industry Consulting Co., Ltd. Compliance Consultants: Liger Corporate Finance Limited.