LD Robot Files Hong Kong IPO: Visual Perception Leader Eyes Global Growth

Leading global full-stack intelligent robotics company LD Robot has filed for an IPO on the Hong Kong Stock Exchange, seeking a main board listing. The company plans to deploy proceeds toward strengthening R&D in robotic visual perception technology, brand development and international market expansion, manufacturing capacity enhancement, and pursuing strategic investment and acquisition opportunities.

LD Robot boasts one of the industry's most comprehensive visual perception technology portfolios and stands as the world's first company to commercialize consumer-grade MEMS dTOF radar. As a pioneer in robotic laser navigation solutions, it ranks among the few full-stack robotics companies with proprietary control over core technologies across the entire value chain.

source: OFweek

Visual perception technology and products form LD Robot's primary growth engine. The company launched the world's first consumer-grade Mini dTOF radar, deployed across residential, commercial, industrial, healthcare, and educational applications. In 2024, over 6 million intelligent robots incorporated its visual perception technology—leading among companies capable of both designing and developing complete robotic systems. Its dTOF LiDAR shipments exceeded 720,000 units, securing the top market position.

Intelligent lawn mowing robots represent LD Robot's second growth trajectory. The company successfully brought its first-generation robotic mowers to market in 2024, achieving breakthrough sales of over 10,000 units in its inaugural production year. Building on this momentum through technological innovation and product iteration, LD Robot launched second-generation robotic mowers into production in 2025.

The company's investor roster reflects strong institutional confidence. Since inception, LD Robot has completed four funding rounds backed by prestigious investors including Shenzhen Hi-Tech Investment, YuanJing Capital (founded by Alibaba co-founder Joseph Tsai), CICC PE, China Unicom CICC, Huaye Tiancheng, and Source Code Capital.

Financially, LD Robot generated revenues of RMB 234 million, RMB 277 million, and RMB 467 million from 2022-2024 respectively, representing a compound annual growth rate of approximately 41.4%. Net losses for the same period totaled RMB 73.1 million, RMB 68.5 million, and RMB 56.5 million respectively, while gross margins stood at 27.3%, 25.7%, and 19.5%. Based on 2024 revenue, LD Robot ranks as the world's largest visual perception-focused intelligent robotics company, commanding a 1.6% market share.

Regarding the net losses, LD Robot attributes them to essential investments during its expansion phase, encompassing product innovation and development, technological upgrades, production scaling, and marketing initiatives for new product lines.