New Stock News | HuanChuang Technology submits application to the Hong Kong Stock Exchange as a leading company in the global space perception solutions for robotic vacuum cleaners

According to the Hong Kong Stock Exchange's disclosure on September 29, Shenzhen HuanChuang Technology Co., Ltd. (abbreviated as: HuanChuang Technology) has submitted a listing application to the main board of the Hong Kong Stock Exchange, with joint sponsors being China International Capital Corporation and Guotai Junan Securities (Hong Kong).

The prospectus shows that HuanChuang Technology is a global leader in high-precision spatial perception solutions, building an intelligent spatial perception system with AI technology to provide high-precision algorithms and related hardware for intelligent robots. According to data from ZhiShi Consulting, based on 2024 revenue, the company is a leader in the global spatial perception solutions field for robotic vacuum cleaners, maintaining a leading position in revenue and shipment volume in the laser radar product sector for robotic vacuum cleaners in 2024, with a shipment volume of approximately 8 million units and a market share exceeding 50% based on shipment volume. Since its establishment, the cumulative shipment volume has exceeded 25 million units. With this strong momentum, the company continues to grow steadily in the first half of 2025, with total shipments of laser radar and line laser sensors exceeding 5 million units and 2 million units, respectively.

Over the years, the company has built one of the most comprehensive and commercially scalable spatial perception product matrices in the field of intelligent robots. After years of technological development and product iteration, the company offers a diversified product matrix covering traditional triangulation laser radar, dTOF laser radar, 3DTOF laser radar, and line laser sensors, capable of meeting the differentiated needs of various fields such as intelligent robots, XR, and industrial inspection. The company is also one of the few in the intelligent robot industry that possesses both self-developed sub-millimeter level AI spatial data processing chip design and core spatial perception AI algorithm capabilities. Through its innovative consumer-grade CIS combined with self-developed ASIC chip technology solution, the company has redefined the cost-efficiency boundary of robotic spatial perception technology, achieving lower cost advantages, higher positioning accuracy, and commercial scalability.

The company's technological framework is deeply rooted in core spatial perception AI algorithms, empowering intelligent robots to accurately perceive their surrounding environment and form a comprehensive spatial understanding capability, thus achieving true embodiment. Despite the inherent challenges of spatial perception posed by variations in lighting conditions, materials, textures, and object features, the company's self-developed AI-enabled solutions can significantly enhance environmental adaptability, stability, and anti-interference capabilities. The company's advanced AI algorithms and self-developed chips support sub-millimeter level high-precision measurement calculations. With automatic image signal processing and AI-enhanced ranging technology, the company has achieved excellent stability and accuracy under various materials and lighting conditions, ensuring robust performance in any environment. The company continuously improves its solutions through a vast simulation environment that replicates physical world scenarios, while its wireless update feature allows for regular upgrades based on customer feedback and changing market demands, helping intelligent robots better understand and respond to their surrounding environment with increasing precision The company's strong technological innovation capabilities, comprehensive spatial perception solution matrix, and customer-oriented product development and manufacturing system have established a leading market position in the intelligent robotics industry, achieving lasting win-win relationships with major clients. The company has established long-term relationships averaging over five years with major clients in the intelligent robotics field and is a core supplier for four of the top five robotic vacuum companies, having received excellent supplier awards from these companies for several consecutive years. Through continuous technological iteration and rigorous market validation, the company has consolidated its leading position in the intelligent robotics spatial perception technology market. Leveraging its technological capabilities, the company is also expanding into new areas such as robotic lawn mowers and pool cleaning robots.

In terms of finances, for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, HuanChuang Technology achieved revenues of approximately RMB 146 million, RMB 332 million, RMB 433 million, and RMB 292 million, respectively; annual losses were RMB 28.695 million, RMB 883,000, RMB 31.375 million, and RMB 4.157 million, respectively.