小米加持！这家U30创立的公司重启港股IPO

福布斯01-05

近日，斯坦德机器人（无锡）股份有限公司（以下简称：斯坦德机器人）更新招股书。这家由2019年福布斯中国30 Under30入选者王永锟领衔的企业，正式重启港股IPO冲刺之路。斯坦德机器人成立于2016年，是全球领先的工业智能移动机器人解决方案提供商。公司依托“1+N+S=∞”的理念，凭借自主研发的核心技术平台、多功能工业智能机器人产品系列及RoboVerse智能协同系统，为3C、汽车、半导体等行业...

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The U30-founded company restarts Hong Kong stock IPO","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81810":0.6,"91048":1.96,"HXXD.SI":0.6,"01810":0.9,"MIUmain":0.6},"content_text":"近日，斯坦德机器人（无锡）股份有限公司（以下简称：斯坦德机器人）更新招股书。这家由2019年福布斯中国30 Under30入选者王永锟领衔的企业，正式重启港股IPO冲刺之路。斯坦德机器人成立于2016年，是全球领先的工业智能移动机器人解决方案提供商。公司依托“1+N+S=∞”的理念，凭借自主研发的核心技术平台、多功能工业智能机器人产品系列及RoboVerse智能协同系统，为3C、汽车、半导体等行业提供定制化一站式服务。公司创始人王永锟毕业于哈尔滨工业大学航天学院自动化专业，硕士期间便深耕机器人技术领域。此外，公司核心管理团队呈现明显的“哈工大基因”，联合创始人李洪祥同样毕业于该校计算机科学与技术专业，目前全面负责企业产品研发管理工作。资本层面，斯坦德机器人自成立以来便备受资本青睐，并接连完成多轮融资，小米、博华资本、梁溪投资等知名资本均在其股东阵营之列。值得一提的是，2023年，斯坦德机器人从小米获得C轮前投资1.5亿元。全球工业智能移动机器人解决方案产业较为分散，根据灼识咨询数据，按2024年全球工业智能移动机器人解决方案的相关机器人销量计，行业前五大参与者合计占据48.4%的市场份额，斯坦德机器人以3.2%的市场份额位列全球第五、中国第四。公司累计服务全球超400家客户，其中包括多家行业龙头企业。2022年至2024年度以及2025年前九个月，前五大客户合计收益分别占总收益的26.0%、36.8%、41.3%及40.5%。从招股书披露的财务数据来看，2022年至2024年，斯坦德机器人营收规模从9627.5万元攀升至2.505亿元，三年复合增长率超60%；2025年前九个月，公司营收延续增长态势，达到1.88亿元，同比增幅为19.7%。盈利能力方面，毛利率持续改善，从2022年的12.9%提升至2025年前九个月的44.7%。不过，受研发投入、股份支付等因素影响，公司仍处于亏损状态：2022年至2024年净亏损分别为1.28亿元、1.00亿元、4514万元，2025年前九个月净亏损1.63亿元。当前，工业移动机器人行业仍整体处于投入期。同为工业移动机器人领域企业——仙工智能，也于一个月前更新招股书。财务数据显示，2022年至2024年，仙工智能营收从1.84亿元增长至3.39亿元，三年复合增长率为35.8%；其毛利率分别为 46.8%、49.2%、45.9%，2025 年上半年进一步升至 45.4%，略高于斯坦德机器人同期水平，不过同样未能摆脱亏损局面。而于2025年7月完成IPO的极智嘉则具备显著规模优势，该公司2024年营收达24.09亿元，2025年上半年营收10.25亿元，同比增长31.0%；且2025年上半年经调整净亏损同比收窄94.0%，，经调整EBITDA实现转正，正逼近盈利拐点。此次冲击港股，斯坦德机器人计划将募资用于核心技术研发、销售网络扩展、产能提升及营运资金补充。需要注意的是，公司未来发展仍面临行业竞争加剧、客户集中度较高、持续盈利压力等挑战，未来能否在资本市场实现稳健发展，仍有待市场检验。封面来源：公司官网","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2601029440","isCrawlerRequest":true}