Huandong Technology “terminates” its IPO on the Shanghai Stock Exchange Science and Technology Innovation Board

The Zhitong Finance App learned that on September 21, Zhejiang Huandong Robotic Joint Technology Co., Ltd. (abbreviation: Huandong Technology) changed the IPO review status of the Shanghai Stock Exchange Science and Technology Innovation Board to “terminated”. Due to the withdrawal of the issuance and listing application by Huandong Technology and its sponsor, the Shanghai Stock Exchange terminated its issuance and listing review in accordance with the relevant provisions of Article 63 of the “Shanghai Stock Exchange Stock Issuance and Listing Review Rules”.

According to the prospectus, Huandong Technology is a national high-tech enterprise engaged in the R&D, design, production and sale of high-precision robot joint reducers. It provides customers with an overall solution for high-precision reducers required for 3-1,000KG load robots. The products include RV reducers, precision accessories and harmonic reducers. RV reducers are the company's main products and are widely used in high-end manufacturing fields such as robotics and industrial automation.

The company has established good long-term strategic partnerships with many well-known robot manufacturers at home and abroad. The company's main customers include Eston (002747.SZ), Eft (688165.SH), Canop (002403.SZ), Xinshida (002527.SZ), Huichuan Technology (300124.SZ), Sinsong Robotics (300024.SZ), Kelda (688255.SH), Guangzhou CNC (300161.SZ), etc. Manufacturers and listed companies, and supply to international robotics companies.

The product composition of the company's main business revenue is as follows:

On the financial side, in 2023, 2024 and 2025, the company achieved operating income of about 309 million yuan, 341 million yuan, and 438 million yuan; during the same period, the company realized net profit of 76262,900 yuan, 607.645 million yuan, and 937.665 million yuan, respectively.