卧安机器人 (06600.HK) 2026智通财经夏季路演大会
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会议摘要
OM Robotics, Inc., which focuses on home AI mechanical systems, launched a product line that includes humanoid nanny robot H1H1, tennis robot and companion robot. The company uses the advanced VLA model combined with the world model to achieve robot autonomous action, leading the technology. Product pricing strategy between mobile phones and cars, designed to spread to ordinary families. At present, the main revenue comes from the Japanese market, is actively expanding the North American and European markets, plans to expand sales through the leasing model and e-commerce platform. It is estimated that the global market penetration rate of 1% can achieve a market size of 2.5 billion US dollars.
会议速览
The market positioning, product lines and technical barriers of AI home robots are introduced, with emphasis on innovative products such as humanoid nanny robots, tennis robots and companion robots, as well as the key role of brain technology in robot iteration.
The dialogue elaborates the three iterative stages of the brain technology of the family robot: from the basic rule state machine to the vertical model reinforcement learning, to the cutting-edge VLA visual language action model combined with the world model, emphasizing the characteristics and limitations of each stage, and the current research is committed to improving the generalization ability of the robot and the integration direction of the success rate.
The company adheres to a one-brain multi-line strategy, using self-developed brain and world models, combined with advanced perception technology and distributed neural networks, to achieve multi-form applications of robots. By collecting various forms of robot data, the brain model is continuously optimized to improve environmental understanding and task execution ability. Emphasize data-driven innovation, build a three-dimensional digital twin environment, achieve precise positioning and environmental awareness, and promote the application of robotics in many fields such as home and business.
This paper introduces the innovative brain architecture of One Model 1.7, emphasizing the event model, the prefrontal decision-making mechanism, and the unique video representation transmission technology. By transforming the upper-level understanding into the execution-level instructions, the robot's efficient and accurate action control is realized, and the technical direction ahead of the international level is demonstrated.
The innovation of robot model is discussed, including the introduction of film and television representation optimization, micro-action structure training and successful memory module, which achieves up to 99% model score and 66% robustness improvement. It is successfully applied to daily operation, fine hand movements and high dynamic scenes, showing the efficient landing ability beyond international standards.
Discusses the main challenges facing the robotics industry, including data scarcity, cost control and safety issues, and how to improve safety through wheeled design and reduce the price to the $10,000 level to promote products to the home market. At the same time, the comparison with North American competitors is mentioned, and the advantages in terms of safety and cost control are emphasized.
Through the full stack self-research components and optimization of software algorithms, the robot manufacturing cost is effectively reduced, cost-effective product design is realized, and software is used to make up for the lack of hardware accuracy to ensure product performance.
The dialogue detailed the uniqueness of the company's self-developed robot technology, emphasized the importance of high-quality real-machine data collection, and the key role of data in the commercialization of robots, and finally mentioned the 1 million hours of high-quality data collected by the company and its contribution to model training.
The dialogue focused on building a leading model brain company in China, emphasizing three core advantages: first, to reduce costs and increase efficiency through algorithm-driven hardware, reaching a wider market; The second is to build a high-barrier data advantage, especially real machine data, and cooperate with Shenzhen municipal government to establish the country's first data collection factory to realize rapid data training and sharing. The third is to gather experienced elite teams in the industry, including R & D personnel from top research institutions and external expert resources to jointly promote AI-driven innovation.
The dialogue introduced three main products: intelligent tennis robots, which have the ability to play independently and do not need venue infrastructure, and are expected to have annual sales of over 100 million yuan; AI coach software, which analyzes actions through cameras and provides personalized teaching; Home service robots, including actuators and perception layers, can learn independently and provide life services. The Japanese market has outstanding performance. The products cover two major areas of sports entertainment and home assistants, showing the deep integration of technology and life.
The dialogue explored the market prospects of companion robots, including their successful pre-sale in Japan and features such as autonomous mobility and emotion recognition. It highlights the huge potential for robots to replace the traditional nanny and pet market, which is expected to reach 100 billion US dollars worldwide. Financial data show that revenue increased by nearly 50% last year and gross profit increased by 2.3. Despite the impact of listing fees, cash flow is healthy. It plans to use funds for market expansion rather than immediate profits, aiming to become the world's leading market within three years.
Woan Technology is not only a product company, but also a leader in the brain field, committed to building the IOS system ecology of the robot industry. New 0.6 billion revenue this year, of which new products contribute the 0.3 billion, the natural growth of old products 0.3 billion. The new products include sports robots and housework robots, which have been sold in overseas independent stations and Jingdong. The price is close to the people and will be more favorable after the national subsidy.
Discussed the distribution of channels in the company's overseas markets, 95% of the channels are overseas, of which Japan, Europe and North America are the key markets. The company has mature products and more than 400 distributors in Japan. North America has access to Apple stores, Costco and other channels through acquisition companies. The German market is growing rapidly. Future plans will be fully rolled out after the leasing model runs through, while focusing on cash flow and target groups.
Product pricing strategies are discussed, emphasizing the importance of maintaining a 50%-55% gross margin while taking into account competitors' pricing, such as the high prices of Japanese competitors. Propose an innovative monthly fee model instead of a traditional lease to attract moderate tennis enthusiasts. It is predicted that the global tennis market has great potential and aims to achieve a scale of 10 billion US dollars within five years. It is planned to expand the market coverage through Amazon platform and accumulate initial users through pre-sale mode. It is expected that more potential users will contact products through Amazon next year to realize the explosive growth of the market.
要点回答
Q:In which market is OM Robotics listed, and what is its main business positioning?
A:OM Robot Company was listed on the main board of Hong Kong Stock Exchange on December 30 last year and was incorporated into the Shanghai-Hong Kong Stock Connect on March 9 this year. Our company focuses on AI parasitic home mechanical systems, and our main business is to develop and sell robot products for the home environment, which is different from most other industrial robot companies.
Q:What is the vision of OM Robotics?
A:Our vision is to solve the complicated and trivial tasks in the family through robot technology, so that people can free their hands to do what they like, realize a "lying flat" lifestyle, and let robots do some housework that they don't want to do.
Q:What are the main products of OM Robot Company at present?
A:At present, our company's main products include the universal humanoid nanny robot H1H1, which was launched in January this year. It has been sold and won favorable comments at CES in North America. It is expected to move towards ordinary terminal families within three years. The world's first tennis robot that can be played by real people; As well as a companion robot that performs well in the Japanese market, the robot provides emotional companionship, similar to electronic cats and dogs.
Q:What is the key role of the "brain" part in robotics, and how is OM Robotics progressing in brain technology?
A:The "brain" plays a central role in robotics, determining its intelligence and ability to adapt to the environment. OM Robotics divides the brain iteration phase into three phases and focuses on the cutting-edge technology of VLA (Visual Language Action Model) combined with the world model, enabling robots to output actions directly from visual and semantic information without human intervention. At present, we are exploring a multi-line strategy of one brain, that is, the same brain can be applied to robots of different shapes, and the overall intelligence level can be improved through data training of multiple actuators.
Q:What are the technical advantages of OM Robotics at the perception level?
A:At the perceptual level, OM Robotics has a significant technological lead. We use machine vision control technology to enable the robot to achieve three-dimensional positioning with ordinary RGB cameras, which is beyond the technical level that requires lidar or 3D depth of field cameras. So our technical strength is very strong when it comes to perception algorithms.
Q:What is the second flywheel about? What technology does the third flywheel specifically refer?
A:The second flywheel is the distributed neural network, which treats all robots as interconnected individuals, forming a whole through a bionic communication protocol and role architecture. The third flywheel is robot positioning technology, which has the ability to sense the environment, just like the human cerebellum, which can realize three-dimensional digital twins and accurately identify various parts of the home environment.
Q:What are the characteristics of the One Model 1.7 front stra bar RL model? What are the advantages of your brain model over other well-known existing models?
A:The One Model 1.7 front stra bar RL model is published on our official website and is one of the most detailed disclosures of brain models among listed companies. The model uses the event model to superimpose upper-level understanding, and helps the robot to make decisions and plans through high-dimensional understanding. The "predicted policy later" channel is uniquely designed, and it does not need to generate global images or videos to predict the future, but compresses key information and transmits it to the lower-level understanding module in the form of video representation. Compared with past models such as physical intelligence and NVIDIA growth system, our model has made a lot of innovations and optimizations in film and television characterization, pre-model training, micro-action structure and successful memory module, which not only significantly improves the accuracy, but also outperforms competitors in resource consumption, robustness and simulation tests, reaching the industry-leading level (SOTA).
Q:中间层understand expert的作用是什么?
A:The role of the understand expert in the middle layer is to convert the information from the upper brain into instruction documents similar to machine instructions, which are then transmitted to the executive layer.
Q:What kind of information does the execution layer output?
A:The execution layer will output the displacement, vector, angle and other information that the robot can identify, and convert it into specific execution actions such as motor rotation instructions.
Q:In the real machine data, what daily operation tasks can your robotic arm perform, and what is the success rate?
A:Our robotic arm can perform a series of daily operation tasks in real machine data, such as carrying clothes, folding clothes, washing dishes, and delicate hand movements, such as folding paper cups and pouring coffee from test tubes. The success rate is higher, the lowest is more than 96%.
Q:How does your robot perform on high dynamic tasks?
A:In a highly dynamic environment, such as table tennis, our nanny robot can achieve a success rate of 300 consecutive returns, reaching 72%. This suggests that our model also outperforms under high dynamic tasks.
Q:What is unique about your model in terms of technology?
A:Our model combines the world model and the BLA full-stack word, creating original film and television representation techniques that are stronger than the North American model. At present, the model has reached the level of twin towers, and the success rate of the four items is very high.
Q:Why hasn't the company launched its products directly to the home market at this stage? What design strategy have you adopted for safety issues?
A:At this stage, the company has not launched products directly for the home market because there are several major problems: first, the required data is not available or the amount of data is too small; second, the safety and cost of the robot body, such as high safety requirements to prevent accidents, and the need to control the cost to make the product price moderate, so as to find a suitable positioning between the mobile phone and the automobile market. In order to ensure safety, we first designed the robot to be wheeled, so that it will not fall even if the power is cut off, avoiding the safety hazard caused by the traditional vertical robot that may fall when encountering obstacles. In addition, we independently developed all parts to reduce material costs, and through accurate algorithms to make up for the lack of precision on the hardware, to achieve hand-eye combined operation, to ensure the stability and safety of the robot.
Q:How to control the cost below 10,000 US dollars?
A:We design and manufacture our own planetary reducer and other key components through full stack self-operated components. Although this brings the challenge of precision difference, we have successfully reduced the material cost to $3000 by optimizing the software algorithm to make up for the lack of hardware, thus realizing the cost leadership.
Q:How important is data for future competitive advantage?
A:Data is crucial for future competitive advantage. In ten years, data will become the most important competitive factor. Therefore, our company has sufficient and high-quality data resources as nourishment, which will provide the company with a significant advantage in the future competition.
Q:How does your company get high-quality data to train robots?
A:Our company adheres to the principle of real machine mining, collecting data from the real world to train robots. 90% of the data comes from the collection of real scenes, and 10% of the data comes from scenes that cannot be seen everyday. We hire local workers near the data factory and assembly plant in Huizhou for man-machine collaborative collection. This high-quality data collection method is costly, but can ensure data quality. In addition, we also use the gripper acquisition method without the robot body and the head-mounted device under the first-person perspective to collect heterogeneous data to achieve multi-scene, multi-quality data coverage.
Q:What is the specific layout of your company in data collection?
A:We build a data pyramid structure from high to low. First, high-quality data is obtained through man-machine collaborative collection, secondly, the middle layer data collection is carried out using jaws without robot body, and finally, the bottom layer adopts the first-person perspective, and employees wear head-mounted equipment to collect real data in daily life around the clock to ensure that the data required for model training is comprehensive and rich.
Q:How to determine which data is needed for robot training?
A:In the data collection phase, we will filter the data according to the application scenario and commercialization goal. For example, for nanny robots, we collect data in four scenarios: cooking, washing dishes, washing clothes and folding clothes, and think that these scenarios are sufficient to meet the needs of families. Therefore, in the collection, we will focus on collecting high-quality data in these areas.
Q:What are the advantages of the company as a whole?
A:Our advantages mainly have three points: first, reduce costs and increase efficiency, drive hardware through algorithms, design parts by self-research in the whole stack, realize cost control, and already have a large-scale market foundation; Second, it has the advantage of data. It has a large amount of high-quality data collected by real machines, and cooperates with Shenzhen municipal government to build a data collection factory second to none in the country. It will collect a large amount of data by the end of 1 million hours; the third is excellent management and team, composed of founders and executives with rich industry experience. The team comes from top research institutions and large factories, and is supported by well-known external resources.
Q:What are your company's product lines?
A:we have three product series, among which s mate tennis robot is our main product, which can realize independent fighting without special field support, and is two years ahead of competitors in technology. At present, the products have been welcomed by the market, and they have performed well in independent stations and Jingdong channels. It is expected that sales will exceed hundreds of millions of yuan this year. In addition, we have also set up shared robot experience points in Shenzhen, Guangzhou and other places to provide scanning and renting playing services. The charging standard is cheap, so that more people can experience professional tennis sparring at a lower price.
Q:Can this robot replace coach and sparring?
A:Yes, our future online teaching software AI coach can replace coaches and sparring partners, analyze the user's power chain through cameras, and use Bluetooth headphones to directly give feedback and guidance.
Q:In addition to tennis products, what are the plans?
A:In addition to tennis products, we will also launch a peek ball product because it is suitable for more people to participate, because of its slower ball speed and strong social attributes. In addition, next year we will launch a robotic arm version of the product, mainly for printing Federer's tennis balls, with the goal of beating him and creating a memorable moment.
Q:In addition to robotic arm products, what are the new products or improvements?
A:We will also launch a high-end universal humanoid robot with autonomous movement, eye tracking, emotion recognition and other functions, which can provide assistance according to the user's living habits, such as delivering goods and controlling household equipment. At the same time, the original family of special robots Switch Pot will continue to grow, with autonomous learning capabilities, and can perform various tasks through the perception layer.
Q:What about the pet companion robot?
A:Pet companion robots are currently pre-sold in Jingdong at a price of about 4300 yuan. They have the functions of autonomous movement, emotion recognition and handprint echo. They are suitable for family use, especially in scenes with high pet replacement value.
Q:What are the market prospects for nanny robots?
A:About 0.2 billion families worldwide need babysitting services. According to the penetration rate of 5%, the market size can reach 100 billion US dollars. Although the main force is still nanny products, with the development of the market, pet companion robots are also important directions.
Q:What is the company's financial position and future plans?
A:The company's total revenue last year 0.9 billion, up about 48% year-on-year, gross profit 54%, gold bar profit 12.77 million. In the next few years, we will increase investment in research and development to attract talent, while controlling costs and ensuring healthy cash flow. In terms of market splitting, the share of the Japanese market is likely to decline, while the North American market will add more channels. In addition, the company plans to use existing funds to build an asset-light operating model, build valuable services around the property security chain, and consider investing in upstream and downstream related areas.
Q:What is the summary of the company's future positioning and vision?
A:Woan is actually a leading brain world company, committed to becoming the leading robotics company in the country. Its future ecological vision is similar to Apple's IOS system, which can not only be developed for third parties, but also serve as the "Apple" of the robot industry, that is, to achieve great value through open platforms and hardware sales.
Q:Can you split the revenue of the robot category in detail?
A:Our product range mainly includes three new products, which are expected to contribute about 0.3 billion of the revenue this year. The company's total revenue target for this year is 1.5 billion, which was 0.9 billion in the same period last year. Of the new 0.6 billion increment, we estimate that half (I. e. 0.3 billion) comes from the sales superposition of these three new products, and the other half comes from the natural growth of switch board's old products.
Q:Does the company have demonstrations and sales of new product motion robots?
A:Yes, we have showrooms and videos showing this sports robot, as well as humanoid housekeeping robots. The product has been launched on Jingdong in China for more than a month, and the price is cheaper than that in overseas markets. Moreover, the government has a state subsidy policy, and the final price is less than 10000 yuan. At the same time, overseas independent stations are priced at US $2000, offering two modes of lease or purchase.
Q:What will be the distribution channels in the future? What are the main markets at present?
A:At present, 95% of our channels are in overseas markets, of which 60% are in Japan, more than 20% are in Europe and more than 10% are in North America. The North American market will also expand in the future, but the proportion of the Chinese market is relatively small. The company attaches importance to cash flow and chooses the target group market with high willingness to pay. In Japan, we have more than 400 dealers and stores on display. In the United States, through the acquisition of a company, we were able to access a large number of offline channels such as Apple Store, costco, Wal-Mart and best buy, which only started to happen this year. In Europe, the German market is growing rapidly, doubling last year.
Q:What is the company's pricing strategy?
A:All products are priced around gross margin cost-plus, maintaining a gross margin of 50-55%. At the same time, it will follow the sales model of competitors. For example, in Japan, facing the expensive product of vote, our product price is relatively low, and the monthly cost of the rental model is only about 880 RMB, which is far lower than the price of vote. While ensuring sufficient gross profit margin, the sales model of competitors should also be considered.
Q:What is the specific meaning of the current leasing model?
A:At present, in the domestic and overseas markets, the leasing model refers to the user who buys the product and pays a monthly fee to obtain the right to use the product, rather than leasing in the traditional sense. If you stop paying the monthly fee, the product will no longer update the iteration. The lease of the stadium, on the other hand, requires a separate negotiation with the stadium and payment of a share.
Q:What is the assessment of the future global market potential for this product?
A:According to estimates, if 0.1 billion people around the world play tennis, the penetration rate reaches 1%, and the market size can reach 2.5 billion US dollars. If it grows to 5%, the market size will reach 10 billion US dollars in five years. At present, the product has been sold worldwide, not just in the Japanese market, and is expected to be on the Amazon platform next year, is expected to achieve a wider market harvest.

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