IPO News | "China's Leader in Industrial Embodied Intelligent Robots" Weiyi Intelligence Launches IPO, Plans to List on October 28; Minimum Subscription Lot Costs HK$2,167.64

Futu News, October 20,$MICROINTELLIGEN (03275.HK)$Announcement Released: IPO subscription period from October 20 to October 23. The company plans a global offering of approximately 37.2758 million shares and is expected to list on October 28.

Company Overview

The company is an industrial embodied intelligent robotics firm that designs, develops, and commercializes industrial robots and solutions for clients across various industries. It provides flexible Embodied Industrial Intelligent Robot (EIIR) products and solutions. Leveraging its self-developed software and hardware systems along with system engineering capabilities, the company has developed EIIR products capable of autonomous perception, learning, decision-making, and execution of complex tasks.

The company is the largest provider of EIIR products in China, holding a market share of approximately 20.0% in the Chinese industrial embodied intelligent robotics industry. According to Frost & Sullivan, the industrial embodied intelligent robotics sector accounted for 1.2% of China's industrial AI-enabled equipment industry in 2025. By 2030, this rapidly growing sector is projected to account for 14.2% of China's industrial AI-enabled equipment industry.

Financial Overview

For the years 2023, 2024, and 2025, as well as the five months ended May 31, 2025, and 2026, the company's revenue was RMB 434.0 million, RMB 600.2 million, RMB 795.5 million, RMB 345.6 million, and RMB 423.8 million, respectively. During the same periods, the company recorded gross profits of RMB 183.8 million, RMB 287.3 million, RMB 385.4 million, RMB 170.0 million, and RMB 205.1 million, respectively.

Use of Proceeds

Regarding the use of proceeds, Wei Yi Zhi Zao expects the net proceeds from the global offering to be approximately HK$641 million (assuming the over-allotment option is not exercised and based on the mid-point of the offer price of HK$19.05). According to the prospectus, Wei Yi Zhi Zao intends to allocate the funds raised from the global offering to the following purposes:

Approximately 60.3% of the net proceeds will be allocated to the research and development of the company's core technologies to enhance the intelligence and performance of its Industrial Embodied Intelligent Robot (EIIR) products; approximately 16.3% will be used to advance the company's embodied AI hardware technology; approximately 14.7% of the net proceeds will be used for strategic investments and acquisitions to establish an open and mutually beneficial application ecosystem; and approximately 10.0% of the net proceeds will be used as working capital and for other general corporate purposes to support the company's business operations and growth.