Professor Li Zexiang, the first IPO in life comes

The first IPO of DJI Li Zexiang's life is here.

The investment community-Tiantian IPO was informed that Gu Gao Technology, founded by Professor Li Zexiang, Hong Kong University of Science and Technology, conducted a listed committee today. The solid high -tech is planned to issue not less than 401 million shares, and it is planned to raise 450 million yuan. Now successful meetings, this will be the first IPO of Professor Li Zexiang's life.

Born in a rural family in Yongzhou, Hunan in 1961, Li Zexiang was admitted to the university in the second year of the college entrance examination. Later, with his excellent results, he became one of the few lucky people who went to the United States to study in the United States. Teach. In order to combine the production and research, Li Zexiang and Professor Gao Bingqiang and Wu Hong founded Gu Gao Technology in 1999. A few years ago, Li Zexiang also founded a self -driving unicorn Hydi Zhili in his hometown of Hunan.

In recent years, while teaching and educating people, Li Zexiang has also become an invisible entrepreneurial godfather -DJI Innovation, Li Qun Automation, Yidong Technology ... +Student's angel investment model encourages students to learn to use, which has become an alternative landscape of the venture capital circle.

Li Zexiang's first ipo in life

In 23 years, a benchmark case for a professor to start a business

The story of Gu Gao technology should start with Professor Li Zexiang.

In 1961, Li Zexiang was born in a teacher's family in Hunan. His mother taught in elementary school. His father was a physics teacher in middle school. In 1978, in 1978, Li Zexiang was admitted to Central South Mining and Metallurgical College (now Central South University) from Rural Yongzhou, Hunan. At that time, the door to the outside world had just opened. When the American aluminum company visited China, she was grateful for China's enthusiastic reception. On the spot, she expressed their willingness to train two undergraduates for China as a gratitude. Li Zexiang, a freshman of the 18-year-old, was selected as one of them and went to the University of Kanegiki Melon University in the United States.

Since then, Li Zexiang has made high progress on his academic road -successively completed his studies, master, blog, and post -doctoral studies at Carnegie Mellon University, the University of California Berkeley, and MIT. In 1992, Li Zexiang returned to China with the enthusiasm of "thinking of a university" and joined the Hong Kong University of Science and Technology. At the Hong Kong University of Science and Technology, Li Zexiang was a professor at the Department of Electronic Engineering and founded the University of Science and Technology of the University of Science and Technology and Automation Technology Center.

During the teaching period, Li Zexiang found that the passion of students in class was not high, so she tried to find a path of "combination of industry -university -research". It happened that in 1997, the person in charge of a Hong Kong company found Li Zexiang, hoping to help solve a very important equipment problem -this company opened a pony iron shear factory in Shunde, Foshan, and imported a very expensive equipment from abroad. However, this equipment has not been started since purchasing. The company's person in charge has found many scientific research units, but has not found the cause of the equipment failure.

At that time, Li Zexiang asked the laboratory students to take the controller they developed independently to the company, and soon helped the other party solve the equipment problem. At that time, Shenzhen was vigorously seeking manufacturing upgrades, setting up a special fund and Shenzhen -Hong Kong industry -university -research base to attract high -end talents at home and abroad.

In order to learn, Li Zexiang decided to start his own business. In 1999, Li Zexiang joined hands with the school professor Gao Bingqiang and Wu Hong founded Gu Gao Technology and officially entered the field of robotics. The original intention of Gao Gao Technology was to promote more efficient transformation of "industry -university -research", so that more creativity became entrepreneurial, so that Gao Gao customers can also become successful companies, from "one" to "Googol" (Googol "( 10 of the 100), which in turn drives and changes the entire industry chain.

At that time, the domestic robot industry lacked technical support and did not develop. Most of the models of the owner of the Pearl River Delta manufacturing industry are mostly from foreign abroad, buying equipment, and recruiting a group of workers for production activities. There is no awareness of purchasing automation equipment.

In this context, Li Zexiang and the team members set up training courses and persuaded entrepreneurs to allow employees to receive short -term training for sports control technology to help companies do better products. At the same time, Li Zexiang also started from colleges and universities to train talents in colleges.

In 2000, Gu Gao Technology developed China's first fully closed -loop motion controller (GT series) to become the first in the Asia -Pacific region to have independent intellectual property rights, specialized in sports control and intelligent manufacturing core technology research and development. company.

To this day, Gu Gao Technology has completed more than 1 million units of nearly 60 industries, more than 2,000 customers, and more than 200 system integrators to complete the motion control system. In addition, while covering Beijing, Shanghai, Suzhou, Wuhan, Luoyang, Xi'an and other major cities, Gu Gao Technology also extended its business to more than 30 countries and regions such as China, Macao and Taiwan, Southeast Asia, and Europe and the United States.

For 23 years of starting a business, Li Zexiang finally walked to the IPO gate with Gu Gao technology.

Breaking foreign monopolies, annual income of 300 million

Also made a unicorn in Hunan

So, what exactly does Gao Gao Technology do?

The prospectus shows that since its establishment in 1999, Gu Gao Technology focuses on the core technology research and development of sports control and intelligent manufacturing, forming an independent and controllable technical system for sports control, servo driver, multi -dimensional perception, industrial field network, industrial software, etc. It can also provide the "Core Technology Platform for Equipment Manufacturing".

It sounds very hard -the company's technology, products and system solutions are widely used in high -end manufacturing fields such as semiconductor equipment, industrial robots, CNC machine tools, 3C automation and detection equipment, printing packaging equipment, textile equipment, and other customers. Laser, Bozhong Precision, Xinyichang, Lianying Laser and other high -end equipment manufacturing industry leaders, as well as many "specialized new" giant companies. From 2019 to 2021, the operating income of Gu Gao Technology was 248 million yuan, 283 million yuan, and 338 million yuan, respectively, with an average annual compound growth rate of 16.8%. And 65.2914 million yuan.

Among them, the core component category of sports controllers, servo drives, drive -control all -in -one, and industrial automation components is the foundation foundation and main source of income since its establishment. Since 2019, the proportion of the company's total revenue has risen year by year. In 2021, this proportion has reached 75.42%.

In the field of sports controllers, domestic manufacturers represented by Gu Gao Technology have reached the international advanced level in technology and products, gradually gaining a stable and high -end market, forming effective domestic replacement. In the field of servo systems, reducers, and sensors, it is still dominated by European and American and Japanese manufacturers. There is a certain gap between domestic manufacturers compared with it, but in the future, there is still a considerable room for growth in domestic alternatives.

In fact, the unicorns founded by Li Zexiang himself not only fix the high -tech family. In 2017, Li Zexiang gave birth to the idea of ​​founding a self -driving enterprise in Hunan, Hunan, hometown. When he was looking for a partner, he immediately thought of his old friend Ma Wei. Ma Wei graduated from the University of Sarri, England, and later worked at the Texas Instrument Kirby Research Institute. In his early years, Li Zexiang also often led entrepreneurs to the Silicon Valley headquarters of Texas Instruments for learning and exchanges. After frequent exchanges, Li Zexiang and Ma Wei have a deep understanding of each other. At that time, Ma Wei had been abroad for nearly 30 years. If he returned to China, he would give up everything that worked hard in the United States, and Ma Wei was hesitant. In the end, Ma Wei was moved by Li Zexiang's entrepreneurial idea of ​​autonomous driving. After several considerations, he finally promised to return to China and Li Zexiang to create Di Xi Zhi. Since its establishment, Hidy has completed at least 7 rounds of financing and has become a unicorn in the field of autonomous driving.

Chinese stealth entrepreneurial godfather

He, bring out a student entrepreneurial legion

Starting from Gu Gao Technology, Li Zexiang brought out a hardcore entrepreneurial legion.

Among them, the most well -known incubation case is DJI. In 1980, Wang Tao was born in Hangzhou, Zhejiang Province, and he liked to play drones from an early age. After dropping out of East China Normal University, he entered the Department of Electronics and Electrical Engineering of the University of Science and Technology of Hong Kong. At the time of graduation, Wang Tao's drone dropped unexpectedly. In this scene, Professor Li Zexiang looked at the young man and began to notice the young man.

"I am optimistic about Wang Tao's ability to have a strong hands -on ability, instruct him to participate in the robot contest, and he has also recorded a master's student under the door." Li Zexiang recalled. In 2006, under the encouragement of Professor Li Zexiang, 26 -year -old returned to a warehouse of less than 20 square meters in Chegong Temple, Futian District, Shenzhen to establish DJI innovation. overlord.

In addition to DJI, Li Zexiang also encouraged more students to study their studies or entrepreneurship. However, the "combination of industry -university -research" is not easy to follow. The biggest challenge is that universities do not have industrial landing bases. Some research results often only stay on paper. As a result, Li Zexiang began to consider the base for students to find funds and provide technical incubation. Later, he found that the Shenzhen Science and Technology Park as the center of the Shenzhen Science and Technology Park, and the one -hour distance from the surrounding area of ​​the radius was drawn. The high -tech zone located on the side of Songshan Lake, Dongguan City, Guangdong Province was the best choice.

In November 2014, Li Zexiang and Gao Bingqiang, the former dean of the School of Industry of the University of Science and Technology, and Gan Jie, deputy dean of the Changjiang Business School, jointly launched the Xbot Park of Dongguan Songshan Lake International Robotics (Xbot Park). At the same time, a entrepreneurial incubation fund "XBOT PARK Fund" that focused on robotics and intelligent hardware -related fields came into being. It is based on Songshan Lake's robotic industry base, focusing on the direction of Industry 4.0, transportation/logistics, smart home, consumer hardware, large health and other directions. The investment stage is mainly seed wheels, angel rounds, and round A.

"Don't be obsessed with the beauty of the University of Hong Kong University of Science and Technology. If you have to do your career, go to Shenzhen and Dongguan Songshan Lake." Li Zexiang often inspired students from the University of Science and Technology of China. Starting from Wang Tao, Hong Kong University of Science and Technology has returned to the mainland to start a business.

Li Qun automation is one of them. As Wang Tao's fellow sisters, Shi Jinbo devoted his entrepreneurs with the support of his mentor Li Zexiang. In March 2011, she pulled up nearly 900,000 yuan with her student Yu Chunhua, and founded Li Qun automation of industrial robot company. During the development of Li Qun's automation, Li Zexiang gave a lot of guidance and funding. "When the money was not many before, Mr. Li would throw it into the company every time Teacher Li paid the salary." Thankful.

"I have a very similar age and experience with Professor Li. This is one of our considerations of our investment in Li Qun. Professor Li is almost the United States that I go to me at the same time. We have many common friends. Many classmates in Princeton were his Colleagues, so we talked very closely when we met for the first time. "Yan Yan, the founding partner of Saifu Investment Fund, said that when he talked about Li Zexiang. Affected by Li Zexiang, more and more young people choose to start a business to come to Songshan Lake. Another typical case is unicorn cloud whale intelligence. In 2015, Zhang Junbin, who had just graduated from Shanghai Jiaotong University, delivered his resume to Professor Li Zexiang's public account, and planned to come to Dongguan Songshan Lake to start a business. In 2016, Zhang Junbin founded the intelligent whale intelligence at the No. 17 of Songshan Lake Headquarters, and was committed to developing a one -click clean family service robot, and became the first talent for Li Zexiang to introduce Songshan Lake.

When cloud whales do the first round of financing, external investment institutions do not know the projects of Songshan Lake. "No one will think of projects worth investing in this corner. Finding thirty or fifty potential capital may be connected to the successful family." Li Zexiang recalled. Later, Li Zexiang and several teachers gritted their teeth to invest in cloud whale intelligence. In 2017, Cloud Whale Intelligent obtained Angel Ring financing and Mingshi Capital's PRE-A round of financing from the XBOT Park Fund. To this day, cloud whales have become a hot unicorn in the field of robotics.

There is also Ecoflow's founder Wang Lei, who is also influenced by Professor Li Zexiang and came to Songshan Lake to start a business. Wang Lei, who graduated from Hong Kong Polytechnic University, has worked in DJI. He can often get close contact with Professor Li Zexiang and gradually understand the process of transforming "research into actual products". In 2017, 27 -year -old Wang Lei began to start a business, and the mobile energy storage company Ecoflow was officially born. This company's product application field involves convenient power use, individual and family energy storage, industry applications, etc.

With the outbreak of the energy storage track, ECOFLOW Zhenghao is highly sought after. The latest round of financing gathers Sequoia China, Gaoma Venture Capital and CICC Capital, and officially ranks among the unicorn. In the second half of 2021, Ecoflow Zhenghao has signed a listing counseling agreement with CICC and plans to be listed on the domestic exchange.

Right now, the student legion led by Li Zexiang is growing, as well as the founder and CEO Chen Yuqi, the founder of Hai Rou, Tao Shizheng, the founder of Yidong Technology, the founder and COO Gao Jing of Yunshen, Yu Tianliang, Zhang Yunfei, Cheng Yunfei, Cheng Yunfei, Cheng Yunfei Liang ... endless. Among them, Hai Rou Innovation has completed the D+round of financing of over 100 million US dollars in the trough of the robot track. In this round of financing, the leading investor is today's capital, and the investor includes an old shareholder such as a top US dollar fund and Wuyuan Capital, Source Capital, Sequoia Capital, Zero 1 Venture Capital.

Today, in China's robotics entrepreneurship, Songshan Lake has become a signature sign. Li Zexiang led the Student Corps to create a unicorn, which also became a unique landscape. With the student's model, there is a certain technical advantage, and there is a sense of trust. "Perhaps the next Wang Tao has quietly appeared.

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