IPO News | 'Collaborative Robotics Company' Huayan Robotics Launches Subscription, Scheduled for Listing on March 30, Minimum Subscription Amount HKD 3,434.29

Futu Information reported on March 20th,$HUAYAN ROBOTICS (01021.HK)$Announcement: The subscription period is from March 20 to March 25. The company plans a global offering of approximately 80.785 million shares and expects to list on March 30.

Company Overview

The company is a collaborative robotics enterprise engaged in the research, production, and sales of collaborative robots ('collaborative robots') and core motion components for industrial automation applications. With comprehensive capabilities covering core motion components, collaborative robot hardware, and a native HRC embodied intelligence control platform, its collaborative robots exhibit high stability, precision, and excellent motion control performance. The company's product architecture further supports customers and system integrators in secondary development and customizing functions according to specific application scenarios. Its collaborative robots are widely used across multiple industries, including 3C electronics, automotive, healthcare, metal processing, and logistics.

In the company’s product portfolio, the E-Series collaborative robots are primarily deployed in high-precision application scenarios such as micro-component assembly, precision machining, and medical testing, while the S-Series collaborative robots are designed for high-load, high-throughput industrial scenarios, including palletizing, machine tool loading and unloading, material handling, and logistics automation. During the performance record period, the company mainly sold robot hardware to customers in mainland China, Europe, the Americas, and other parts of Asia.

Financial Overview

Revenue increased by 60.2% from RMB 109.4 million in 2022 to RMB 175.4 million in 2023, and further increased by 77.0% to RMB 310.4 million in 2024, with a compound annual growth rate of 68.4% from 2022 to 2024. The company’s revenue for the nine months ended September 30, 2024, was RMB 206.2 million, which further increased by 36.2% to RMB 280.9 million for the nine months ended September 30, 2025.

Use of Proceeds

In terms of use of proceeds, Huayan Robotics is expected to receive net proceeds of approximately HKD 1.28 billion from the global offering (assuming the over-allotment option is not exercised, with an offer price of HKD 17). According to the prospectus, Huayan Robotics plans to allocate the proceeds from the global offering for the following purposes in the specified amounts:

Approximately 55.0% will be used over the next five years to enhance the company's R&D capabilities, focusing on further optimizing core technologies, intelligent collaborative robots, precision motion platforms, and key components for humanoid robots; about 20.0% will be allocated over the next five years to overseas business development, strengthening the company's market leadership position, and advancing its commercial strategy to enhance sales channels and accelerate market expansion; around 15.0% will be utilized over the next five years to upgrade and expand production capacity, with the company expecting increased investment in property, plant, and equipment as well as right-of-use assets after such upgrades, along with a rise in cash flow for investing activities; approximately 10.0% will be earmarked for working capital and general corporate purposes.