XAG Ag Robots Profit & File HKEX IPO
XAG, an agricultural robotics firm, filed for HKEX IPO on March 27 after turning profitable. Revenues grew to RMB 11.66B in 2025 with net profit of RMB 124M, driven by scaling drone sales and high-margin overseas markets. Drones comprise 87.6% of revenue, highlighting product concentration risks.







