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Futu Information reported on March 30$HUAYAN ROBOTICS (01021.HK)$The allotment results have been announced, with the per-share price set at HKD 17. A total of 92,902,600 shares were issued, with each lot consisting of 200 shares. The company is officially listed today.
In the last trading session, Huayan Robotics closed 10.41% higher on the gray market, at HKD 18.77 per share, with each lot consisting of 200 shares. Excluding handling fees, a profit of HKD 354 can be made per lot.
During the public offering phase, Huayan Robotics received subscriptions amounting to 5,059.38 times the offering size. The final number of shares available for public offering was 16,157,000, accounting for approximately 17.4% of the total offering. A total of about 227,070 valid applications were received, with around 66,270 processed applications. The approximate percentage of shares allocated per application relative to the total number of applied shares was 5%.
Additionally, during the international placement phase, Huayan Robotics received subscriptions amounting to 16.65 times the offering size. The final number of shares in the international placement was 76,745,600, representing 82.6% of the total offering. Futu Information has compiled the relevant data in the table below.


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
Regarding the use of proceeds, Huayan Robotics expects to receive net proceeds from the global offering amounting to approximately HKD 1.28 billion (based on an offering price of HKD 17). According to the prospectus, Huayan Robotics intends 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.
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Editor/Vincent
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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