IPO News | Chenxing Technology once again reports that the Hong Kong Stock Exchange ranks first in China's high-speed industrial robot market

The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on August 18, Tianjin Chenxing Technology Co., Ltd. (hereinafter referred to as “Chenxing Technology”) once again submitted the Hong Kong Stock Exchange main board, and Huatai International is the sole sponsor.

Company profile

According to the prospectus, the company is a high-speed industrial robot company dedicated to the research and development (R&D), production, sales and service of high-speed, high-reliability robots. The product matrix covers four major series: parallel robots, high-speed adaptive assembly robot (SCARA) robots, heavy-duty collaborative robots (collaborative robots), and self-contained intelligent robots.

Based on a rich lineage of robotic products, the company also provides automated and intelligent robot solutions customized according to customer requirements. The company focuses on automated and intelligent upgrades of core application scenarios such as high-speed sorting, precise assembly, and precise handling. The company's products and solutions are widely used in various industries such as food and beverage, daily chemicals, pharmaceuticals, new energy, 3C and automobiles.

The company is a key player in the high-speed industrial robotics industry and has established a leading position in the parallel robot market. The market for high-speed industrial robots and parallel robots represents a field of expertise in the industrial robotics industry. In 2025, the share of these products in the global industrial robot market will be about 7% and 5%, respectively. According to Frost & Sullivan's data, (i) in the domestic parallel robot market, since 2020, the company has occupied the largest market share among Chinese robot companies, and since 2023, the company has also occupied the largest market share among global robot companies; (ii) in terms of shipments in 2025, the company ranked first among parallel robot companies in China, with a market share of 20.4%, ranking second among global parallel robot companies, with a market share of 7.7%; and (iii) based on the 2025 high-speed industrial robot shipment volume, the company also occupied the largest market share in China High Speed The industrial robot market ranked first, with a market share of 13.4%, and ranked fourth in the global high-speed industrial robot market, with a market share of 5.2%. During the track record period, the majority of the company's revenue came from China.

The company's high-speed industrial robots have been applied in many fields, and the company's parallel robots occupy a leading market position in the domestic food and beverage, daily chemical and pharmaceutical industries. At the same time, the company's pioneering work in new fields has been fruitful. It has now become the largest parallel robot supplier in the domestic new energy industry, and continues to expand its business footprint in the fields of 3C, automobiles, etc., to further expand its market coverage.

Financial data

revenue

In the six months ended June 30 in 2023, 2024, 2025, and 2026, the company achieved revenue of approximately RMB 93.491 million, RMB 135 million, RMB 253 million, and RMB 135 million, respectively.

profit

For the six months ended June 30 in 2023, 2024, 2025, and 2026, the company's profits for the year/period were -39.253 million yuan, -470.68 million yuan, 739,000 yuan, and -28.802 million yuan, respectively.

Industry Overview

Industrial robots are the cornerstone of advanced manufacturing, driving the evolution of production systems to a higher level of intelligence, automation and flexibility. In the context of the continuous promotion of intelligent manufacturing and the structural rise in labor costs in the manufacturing industry, industrial robots are increasingly being used as key automation equipment to replace repetitive, labor-intensive and dangerous tasks, thereby supporting the improvement of production efficiency, process stability and product quality. In 2021, the global and Chinese industrial robot markets both experienced significant growth, with shipment values increasing by about 25.5% and 28.5%, respectively. This rapid expansion is mainly driven by explosive growth in downstream demand, particularly in the NEV industry. In the same year, global and Chinese NEV sales increased by about 102.4% and 157.6%, respectively, significantly accelerating capital investment and capacity expansion in vehicle manufacturing and power battery production, which in turn stimulated the concentrated release of demand for industrial robots in key manufacturing sectors.

From 2021 to 2025, global and Chinese industrial robot shipment values both showed a clear upward trajectory, growing from approximately RMB 93.5 billion and RMB 40.4 billion to approximately RMB 122.6 billion and RMB 57.4 billion respectively, with compound annual growth rates of about 7.0% and 9.2%, respectively. Over the same period, China's share of global industrial robot shipment value increased from about 43.2% to 46.8%, reflecting its growing position in the global industrial robot market.

Looking forward to the future, the industrial robot market is expected to maintain steady growth, supported by the continued advancement of intelligent manufacturing, rising labor costs, and the acceleration of industrial automation. It is estimated that by 2030, the global industrial robot shipment value will reach about RMB 24.2 billion, while China's shipment value is expected to reach approximately RMB 107.5 billion, continuing to maintain its position as the world's largest industrial robot market.

Board Information

The company's board of directors consists of seven directors, including 2 executive directors, 2 non-executive directors and 3 independent non-executive directors. All directors are elected by the shareholders' meeting for a term of three years and can be re-elected. The main powers of the board of directors include, but are not limited to: holding shareholders' meetings, reporting to shareholders' meetings, implementing resolutions passed by shareholders' meetings, determining the group's annual financial budget plan and accounts plan, determining the group's basic management system, formulating the group's profit distribution plan and loss compensation plan, and exercising other powers conferred by the company's articles of association.

Shareholding structure

As of the last practical date (August 10, 2026), Mr. Liu, Mr. Song, Ms. Yang Junwen, Chen Xing's friends, Chen Xing Brothers and Star Partners held approximately 11.11%, 9.20%, 3.94%, 3.82%, 3.25% and 2.66% of the company's issued share capital, respectively.

According to the concerted action agreement, Mr. Song, Chen Xing's partner, Chen Xing's friend, Chen Xing Brothers, and Ms. Yang Junwen agreed (among others) to act in concert with Mr. Liu and follow Mr. Liu's decision to exercise their voting rights at the company's shareholders' meeting. The Concerted Actors Agreement will continue to be in effect after the recommendations have been drawn up.

Intermediary team

Sole sponsor: Huatai Financial Holdings (Hong Kong) Limited;

Legal advisors: Beck McKenshi & Beijing Deheng Law Firm;

Sole sponsor's legal advisors: King & Wood Mallesons and Beijing Commerce Law Firm;

Auditors and reporting accountants: Ernst & Young;

Independent industry consultant: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch.