GH-Tech has completed its name change: A new phase, Hongzi Robot sets sail

According to Zhitong Finance APP, on May 6th, GH-Tech (00370) announced that the name change was approved by the shareholders' meeting, meaning it will change from GH-Tech Holdings Limited to Hong Kong Robotics Group Holding Limited, with the English name also changing to Hong Kong Robotics Group Holding Limited. Previously, on April 10th, the company had announced its intention to change its name, and within less than a month, it was implemented, highlighting the management's efficient execution.

This name change aligns with the company's current business transformation direction and marks the beginning of its accelerated transition into the artificial intelligence sector, guiding the company to actively develop: on one hand, it aims to reshape the market's brand impression and recognition of the company, and on the other hand, it seeks to attract greater attention in the investment and financing market, bringing financing convenience and a re-evaluation.

In fact, AI + humanoid robots is GH-Tech's initial attempt to explore business transformation. Since the beginning of this year, the company has rapidly advanced the implementation of artificial intelligence scenario projects. Looking at the timeline, on March 6th, the company announced a joint venture with industry unicorn DaTa to establish Hong Kong Robotics through restructuring in Hong Kong. By March 28th, the restructuring of Hong Kong Robotics was completed, and on the 24th of that month, it signed the Chongming Island Artificial Intelligence Health Project "Hong Kong Robotics Health Demonstration Zone Project" with the People's Government of Haiyong Town, Haimen District, Nantong City, with the project implementation pace far exceeding market expectations.

The application scenarios for humanoid robots are rich, including industrial manufacturing, consumer electronics, government agencies, educational institutions, elderly care institutions, and household use, among many other industry scenarios. Among these, household scenarios are the most accessible application scenarios, requiring higher technological maturity. Currently, applications have been implemented in various scenarios, including automotive manufacturing and educational institutions.

On April 19th of this year, the world's first humanoid robot half marathon was held in Beijing's Yizhuang, with TianGong Ultra, Songyan Power N2, Yushu G1, and Zhuoyide XO2 humanoid robots participating in the race, indicating that AI + humanoid robots have entered the stage of large-scale commercialization. Investment institutions are very optimistic about the industry's prospects. In terms of household scenarios, Morgan Stanley estimates that by 2050, the global household humanoid robot market will reach 84.2 million units, with sales reaching USD 4.7 trillion.

GH-Tech is responding to the trend of the times by increasing its layout in artificial intelligence, with humanoid robots as the core track, rapidly implementing projects and meeting the conditions for large-scale mass production:

Firstly, DaTa, as a strategic shareholder, holds a 49% stake in Hong Kong Robotics and will fully support the company's project development; secondly, DaTa owns more than 1,800 registered patents and software rights under the company and/or its affiliates, covering the "brain," "cerebellum," and motion control and collaboration systems of humanoid robots. Within two years after the agreement, the ownership of intellectual property rights will be transferred to Hong Kong Robotics China in phases; additionally, GH-Tech and DaTa will leverage their industry-leading position and customer resource advantages to promote project mass production and delivery, providing capacity support and order acquisition needs.

Currently, there has been progress in orders. GH-Tech's cooperation with the local government of Nantong City on the "Hong Kong Robotics Health Demonstration Zone Project" aims to create a benchmark for "AI Robots + Health" in the Yangtze River Delta, providing space for order acquisition. DaTa has promised that Hong Kong Robotics will achieve audited revenue of no less than 500 million yuan by 2025 In addition, the company is actively expanding into the artificial intelligence sector by establishing a joint venture with Zhongke Bianyi to enter the AI + education field. Zhongke Bianyi has committed to establishing 10 AI education bases in the first year of the joint venture, with operating revenue not less than 120 million yuan.

Education is also one of the main application scenarios for robots, and the two joint ventures have business synergies. For GH-Tech, this not only lays out a new track in artificial intelligence (education) but also brings business opportunities for Hong Kong-style robots through the demand for learning robots. Looking at peers, leading humanoid robot companies represented by UBTECH have successfully applied humanoid robots in various fields such as automotive manufacturing, hotels, and education, and industry application scenarios are gradually being released.

In fact, both humanoid robots and AI education are very promising development tracks, each with the conditions for large-scale commercialization. GH-Tech's rapid completion of layouts in these two tracks fully demonstrates the management's optimism about the application of artificial intelligence and confidence in the company's development. After the completion of the name change, the company will use the two joint ventures as a breakthrough for transformation, accelerating the pace of transformation and achieving performance metamorphosis.

Undoubtedly, 2025 will be the explosive year for AI + humanoid robots, and the industry will continue to be in a high-growth phase in the coming years. Referring to the valuation trajectory of new energy vehicles, trillion-level leading enterprises will emerge. As a currently popular investment theme, humanoid robot targets are relatively scarce, and their valuations are high. After the official name change, GH-Tech's market recognition is gradually increasing, presenting a significant valuation advantage and is worth a shot