HONGKONG, May 11th 2026 —— CIC extends our warmest congratulations to Shenzhen LDROBOT Co., Ltd. (01236. HK) on its successful listing on the Main Board of the Hong Kong Stock Exchange today.
CIC's Collaborative Journey to the Listing
Throughout the listing process, CIC provided end-to-end support to the company and its sponsors:
Drafted and compiled the industry overview chapter of the prospectus, laying a solid research foundation for the formal listing application.
Assisted in responding to inquiries from regulatory authorities, ensuring comprehensive and accurate disclosure.
Refined listing application materials continuously to meet stringent market and regulatory requirements.
LDROBOT offered a total of 33,333,400 H shares globally.
Hong Kong public offering: 296,740 valid applications, oversubscribed by 6,707.66 times — the second-highest oversubscription for a Main Board listing in 2026 to date.
International offering: oversubscribed by 9.54 times, reflecting strong investor demand.
SHENZHEN LDROBOT CO., LTD. is a world-leading full-stack intelligent robotics company built on perceptual intelligence. With visual perception technology at its core, it has built a full-stack technology ecosystem spanning underlying R&D to upper-layer application deployment. It is known as “the first spatial intelligence robotics stock”.
According to CIC's Research, by 2024 revenue, LDROBOT is the world’s largest intelligent robotics company focused on visual perception technology. In 2025, the number of intelligent robots equipped with its visual perception technology exceeded 9 million units, and dToF LiDAR shipments surpassed 720,000 units, ranking first in the industry.
LDROBOT focuses on R&D of underlying intelligent robotics technologies and has established an intelligent robotics infrastructure centered on visual perception. The company operates a dual-engine business model: Visual Perception Products + Intelligent Robotic Lawn Mowers.
Visual Perception Products (First Growth Curve)
LDROBOT has built a full product portfolio of intelligent robotics visual perception solutions, including dToF LiDAR and solid-state line LiDAR. These are deployed in a wide range of applications:
Home service robots: robotic vacuum cleaners, robotic lawn mowers
Commercial service robots: room service robots, food delivery robots
Industrial robots: inspection robots, logistics robots
According to CIC, during the Track Record Period, LDROBOT served:
7 out of the world’s top 10 home service robot manufacturers
All of the world’s top 5 commercial service robot companies
Group customer retention rates:
2023: ~84.0%
2024: ~90.0%
2025: 100.0%
Intelligent Robotic Lawn Mowers (Second Growth Curve)
Building on years of visual perception expertise:
2024: Launched first-generation intelligent robotic lawn mower; sales exceeded 10,000 units in the first year.
2025: Launched second-generation model enhanced with AI large models for scene recognition; full-year revenue reached RMB 137 million, up 488% year-on-year.
The company has expanded globally, with products reaching end-users in more than 50 countries and regions.
Global Intelligent Robotics Perception Technology Market Overview
The global intelligent robotics perception technology market is growing rapidly, with visual perception being the most widely adopted and highest-penetration segment.
Drivers and Trends of the Global Intelligent Robotics Perception Industry
Based on CIC’s research, key drivers and trends include:
Technological Breakthroughs in Deep Software-Hardware Integration: Advances in AI have greatly improved the dynamic analysis accuracy of visual perception systems in complex environments, optimizing motion control and path planning. Optimizations in high-performance image sensors and LiDAR meet demands for efficient, stable perception across diverse scenarios.
Multi-Modal Perception Collaboration: Visual perception is evolving from single-mode to multi-modal fusion, integrating audio, tactile, and other sensory data to significantly improve accuracy, decision reliability, and operational flexibility in dynamic unstructured environments.
AGI-Driven Advancement: The development of AGI is enabling robots to move beyond rule-based tasks to understand complex semantics and adapt to unstructured environments. As the starting point of the robotics cognitive loop, visual perception is shifting from basic data collection to high-dimensional information integration and intelligent decision-making.
Higher Requirements from Increasing Robot Intelligence: As robots become more intelligent, visual perception must deliver stronger environmental understanding, object recognition, and dynamic adaptation. For example, in home robots (e.g., vacuum cleaners), visual perception is critical for identifying furniture, wires, small objects, and floor types (carpet, wood), and adjusting cleaning routes to avoid entanglement or collisions.
Rapid Large-Scale Adoption Across Industries: In 2024, global intelligent robot shipments exceeded 27 million units. Widespread deployment in manufacturing, logistics, healthcare, security, and household sectors is driving mass-scale adoption. Visual perception systems have become core to performance upgrades and application expansion.
As a seasoned Industry Consultant, CIC offers services such as market sizing, competitive analysis, and enterprise value verification, etc., with global experience in advising "first-in-sector" IPOs in various TMT sectors.
From IPO preparation to listing hearings, CIC unearths the true intrinsic value of enterprises and translates it into actionable insights for successful capital market landing. Prior to LDROBOT, CIC has supported leading enterprises in successful listings both domestically and overseas, including Horizon Robotics, BasisAI, RoboSense, Hesai Group, Geek+, Dobot, and more.
CIC Reports are now available on Bloomberg and FactSet portals.
About CIC
CIC is a professional consulting firm offering tailored end-to-end support across the full investment and financing lifecycle. The firm boasts a world-leading track record in guiding landmark first-in-sector IPOs across global markets, alongside unrivaled reach and in-depth coverage capabilities across specialized niche market segments.
CIC helps enterprises refine scalable business models and craft compelling capital narratives to enable seamless access to global capital markets, while serving as a trusted due diligence partner to investment institutions. It delivers granular industry insights and direct access to subject matter experts, empowering clients to identify high-value opportunities and mitigate critical risks effectively.
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