【New Stock IPO】Huayan Robot 1021 Raises Over 1.3 Billion in IPO　Stags Total 238 Billion with 344.5x Oversubscription　Entry Fee for One Lot 3434 Yuan　Cornerstone Investors Include Hillhouse Capital, Morgan Stanley, GF Securities and Others

Hua Yan Robotics (New Listing Number: 01021) The IPO will be held from March 20 to 25. Collaborative robot company Hua Yan Robotics plans to issue 80.785 million H-shares, with 5% available for public sale in Hong Kong. The offering price is HKD 17 per share, raising HKD 1.37 billion. As of the afternoon of March 23, Hua Yan Robotics received HKD 23.8 billion in margin financing, with a public fundraising amount of HKD 68.87 million, representing an oversubscription of 344.5 times.

Hua Yan Robotics offers 200 shares per lot, with an entry cost of HKD 3,434.30 per lot. The company is expected to start trading on March 30. CICC and Deutsche Bank are joint sponsors.

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Hua Yan Robotics focuses on developing collaborative robots and core motion components, mainly used in industrial automation. The products are divided into the E series (including Elfin-Basic, Elfin-Pro, and Elfin-Ex, targeting high-precision lightweight and heavy-duty tasks) and the S series, which covers lightweight and heavy-duty collaborative robots, categorized by load capacity.

Both series are equipped with self-developed HRC embodied intelligent control platforms, suitable for environments requiring close and safe human-robot collaboration.

In the first nine months of last year, revenue was RMB 280 million, a 36.2% increase year-over-year. During this period, the company shifted from profit to loss, with a net loss of RMB 15.588 million, compared to a profit of RMB 9.037 million in the same period of 2024.

Introduction of Top Investors including Hillhouse, Morgan Stanley, GF Fund, and others

Hua Yan Robotics has attracted cornerstone investments from Hillhouse Capital’s HHLRA, GF Fund, Morgan Stanley’s MSIP, Shengxin Group, Haojun Investment, Huatai Capital (related to Haojun Investment’s off-market swap transactions), BYD (Stock Code: 01211), and trust funds such as Eternal Summer, Shrewd Pioneer, Quanshun, and VVC Technology, led by Director Xia Zuquan, totaling USD 98.4 million in subscriptions.

Use of Net Proceeds

• 55%: Enhance R&D capabilities
• 15%: Ongoing AI technology research and investment
• 13%: Product adjustments
• 10%: Development and upgrade of key components for collaborative robots, including M-series high-performance motors, new-generation servo drives and algorithms, sensors, and air-floating platforms
• 10%: Development of core motion components for humanoid robots
• 7%: Continuous development of next-generation high-performance collaborative robots

Source: Hua Yan Robotics Announcement

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