First day of the IPO | Huanchuang Technology (06802) first listed in early trading and opened 185.47%. The company ranked first in the world for intelligent robot space sensing solutions

The Zhitong Finance App learned that Huanchuang Technology (06802) was first listed. According to the announcement, the price per share was HK$58.85. A total of 11.588 million shares were issued, 100 shares per lot, with a net proceeds of about HK$615 million. As of press release, it rose 185.47% to HK$168, with a turnover of HK$231 million.

In the process of physical AI moving from virtual to reality, spatial perception is the first gateway for robots to perceive the physical world. If the big model is the “brain,” and the motion control is the “limbs,” then spatial perception is the robot's “eye” and “cerebellum.” Huanchuang Technology has been deeply involved in this field for more than ten years. The company was founded in 2013. According to revenue in 2025, Huanchuang Technology is the world's number one intelligent robot spatial sensing solution, the world's largest lidar shipment volume, and the global market share has exceeded 50%. As of the last practical date, the cumulative shipment volume exceeded 39 million units, and the total number of lidar and linear laser sensors shipped in 2025 exceeded 10 million units and 5 million units, respectively.

It is worth noting that the company has broken through a complete self-development and closed loop of “ASIC chip - AI spatial positioning algorithm - high-precision optical design - mass production and manufacturing of tens of millions of units”. Huanchuang Technology is one of the few companies in the world that also has the ability to self-develop space-sensing AI algorithms and ASIC chips. Its self-developed sub-millimeter AI spatial data processing chip is equipped with more than 25 million terminal devices. It is the first company in China to achieve sub-millimeter positioning accuracy in a monocular large space, and the first company in the world to develop its own spatial positioning algorithm chip.