XAG develops and sells autonomous agricultural drones, including the P150 Max, P100 and P60, for crop spraying and precision farming.
XAG is a Chinese agricultural-drone maker (#2 in China plant-protection drones), with 2024 revenue of RMB 935M in agri-drones (87.8% of a ~RMB 1.06B/~$148M total) and H1-25 revenue of RMB 663M at a RMB 130M net profit. It filed for a Hong Kong IPO in late September 2025 after its first annual profit, though a price war with DJI is compressing ASPs (about RMB 37,500 per drone in H1-25). IPO completion and pricing, full-year 2025, and current DJI share are the open items.
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XAG develops and sells autonomous agricultural drones, including the P150 Max, P100 and P60, for crop spraying and precision farming. XAG is a Chinese agricultural-drone maker (#2 in China plant-protection drones), with 2024 revenue of RMB 935M in agri-drones (87.8% of a ~RMB 1.06B/~$148M total) and H1-25 revenue of RMB 663M at a RMB 130M net profit. It filed for a Hong Kong IPO in late September 2025 after its first annual profit, though a price war with DJI is compressing ASPs (about RMB 37,500 per drone in H1-25). IPO complet
XAG ranks 81 of 100 on the Robotics 100 (November 2026 edition) with a score of 79 out of 100, in Drones & aerial (Systems). Assessment by Frontier Tech Intelligence.
DJI (rank 10), Quantum Systems (rank 21), Zipline (rank 66), Skydio (rank 69), Wing (rank 71), Tekever (rank 96).
XAG is based in Guangzhou, Guangdong, China. Stage: Established.
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