IPO News | 'Industrial Robotics Tech Firm' Yifei Technology Launches Bookbuilding, Plans to Go Public on May 18, with a Minimum Subscription Amount of HKD 3,080.75

Futu Information reported on May 8 $ROBOTPHOENIX (06871.HK)$ The company announced that it will conduct its bookbuilding from May 8 to May 13 and plans to offer approximately 24.6 million shares globally, with an expected listing date of May 18.

Company Overview

Yifei Technology is a Chinese industrial robotics technology company focused on the design, R&D, manufacturing, and commercialization of industrial robots, while also providing integrated robotic solutions, primarily targeting light industrial applications. With self-developed robotic bodies, control and vision systems, and manufacturing processes, the company has established a comprehensive technological ecosystem, enabling scaled intelligent decision-making, environmental perception, precise operation, and autonomous mobility.

The company has meticulously designed a portfolio of industrial robots tailored to the application scenarios of China's light industry, including delta 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). It also possesses core self-developed technologies – control and vision systems (Gorilla and Kingkong series).

Financial Summary

Yifitech’s revenue grew by 33.2% from RMB 201.2 million in 2023 to RMB 268.0 million in 2024, and increased by 44.5% from RMB 268.0 million in 2024 to RMB 387.4 million in 2025. In 2023, 2024, and 2025, the company's annual losses were RMB 110.6 million, RMB 71.5 million, and RMB 152.9 million, respectively.

In 2023, 2024, and 2025, the company’s R&D expenses were RMB 33.1 million, RMB 38.7 million, and RMB 70.8 million, respectively, accounting for 16.5%, 14.4%, and 18.3% of the company’s revenue during the same periods.

Use of Proceeds

In terms of funding use, Yifitech expects the net proceeds from the global offering to be approximately HKD 673 million (assuming no exercise of the over-allotment option, based on an offer price of HKD 30.5). According to the prospectus, Yifitech intends to allocate the proceeds from the global offering as follows:

Approximately 40% will be used for the development of the company’s robotics technology from 2026 to 2030; approximately 28% will be allocated for the construction or optimization of production bases and production lines from 2026 to 2030; approximately 12% will be used to expand overseas business networks from 2026 to 2030; approximately 10% will be invested in upstream and downstream supply chain activities from 2026 to 2030; and approximately 10% will be used to supplement working capital from 2026 to 2030.

Further reading:Yifei Technology Prospectus

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