【New Stock IPO】Secret Filing: Huayan Robot Passes Listing Hearing; Reported to Raise About $200 Million; 2021 Valuation Exceeded 2.7 Billion Yuan

Secret Delivery Robotics Company Huayuan Robots Gains Listing Hearing on the Hong Kong Stock Exchange, with Market Rumors of Raising About $200 Million (Approximately HKD 1.56 Billion). CICC and Deutsche Bank Named as Co-Lead Underwriters.

The company engages in the research, development, production, and sales of collaborative robots and core motion components for industrial automation applications. It has developed a comprehensive product portfolio including collaborative robots and core motion parts, capable of meeting the needs of various industries such as 3C electronics, automotive, medical, metal processing, and logistics, as well as industries requiring precise motion components like humanoid robots.

According to an updated preliminary prospectus citing industry reports, the global collaborative robot market revenue is projected to reach 7.5 billion RMB in 2024, accounting for approximately 1.7% of the total global robot market revenue of 431.6 billion RMB.

Valuation Exceeds 2.7 Billion RMB as of November 2021

The documents show that, excluding share transfers among shareholders, the company’s last funding round was completed in November 2021, with an post-investment valuation of 2.75 billion RMB, representing a 5.78% increase from before the financing.

For the first three quarters ending September 2025, the company reported a loss of 15.588 million RMB, compared to a profit of 9.037 million RMB in the same period in 2024; excluding share-based payments, adjusted net profit was 24.453 million RMB, a year-on-year increase of 1.71 times. Revenue increased by 36.2% year-over-year to 280 million RMB.

The proceeds from this fundraising will be used to enhance R&D capabilities, expand overseas business, upgrade and expand production capacity, and for operating capital and general corporate purposes.