Yifei Technology Obtains CSRC Registration Certificate, Deepens Focus on Light Industry Robotics Track

On March 13, the International Cooperation Department of the China Securities Regulatory Commission issued the “Filing Notice for Zhejiang Yifei Technology Co., Ltd.'s Overseas Issuance and Listing and Domestic Unlisted Shares ‘Full Circulation’” (Guo He Han [2026] No. 525), marking a significant step for this “specialized, refined, distinctive, and innovative” enterprise, which specializes in lightweight industrial robots, to enter the Hong Kong capital market.

According to the filing notice, Yifei Technology plans to issue no more than 44,718,900 ordinary shares for overseas listing, while 38 shareholders intend to convert a total of 220,353,968 domestic unlisted shares into overseas listed shares, achieving “full circulation.”

Data shows that Yifei Technology was established in 2012 by Tsinghua University PhD Zhang Sai. It is a high-tech enterprise integrating research and development, manufacturing, control systems, and vision systems for industrial robots. The company has built a unique robot architecture based on four core functions—“brain, eyes, hands, and feet”—which simulates the operational logic of skilled workers to enable intelligent decision-making, environmental perception, and precise control.

In terms of product offerings, Yifei Technology has a comprehensive layout covering lightweight industrial robots and core components, including parallel robots (Bat series), AGV/AMR mobile robots (Camel series), SCARA robots (Python series), wafer handling robots (Lobster series), and six-axis industrial robots (Mantis series). Notably, the company possesses自主研发的核心技术——控制及视觉系统（Gorilla及Kingkong系列），实现了从核心部件到整机系统的全栈自主研发，打破了国外巨头的技术垄断。

According to a Frost & Sullivan report, based on 2024 revenue, Yifei Technology ranks among the top five Chinese lightweight industrial robot and solution providers.

The prospectus shows that the company’s clients span multiple sectors, including consumer electronics, automotive parts, new energy, healthcare, fast-moving consumer goods, and semiconductors. Its products are exported to over 20 countries and regions such as Southeast Asia, Europe, and North America, demonstrating strong market penetration.

As of December 31, 2025, the company’s contracted customer order value was approximately 412 million yuan, and its substantial order backlog provides solid support for future performance growth.

Additionally, the prospectus indicates that Yifei Technology has attracted leading investment institutions such as Broad Peak Capital, Qingke Ginkgo, Fengrui Capital, and Chunhua Capital, as well as deep participation from state-owned capital like Zhejiang Taizhou State-owned Assets, reflecting market recognition of its technological capabilities and business model.

According to the listing rules of the Hong Kong Stock Exchange, companies are required to submit the filing notice at least four business days before the hearing approval date. This signifies that Yifei Technology has met the pre-approval requirements for listing hearings on the HKEX and may soon commence the listing process.