Circle Technology's Science and Technology Innovation Board IPO has been accepted as the leading company in the domestic Siasun Robot & Automation RV reducer industry.

On November 25th, Zhejiang Huandong Siasun Robot&Automation Joint Technology Co., Ltd. (referred to as Huandong Technology) has had its IPO application accepted by the Shanghai Stock Exchange's Sci-Tech Innovation Board. GF SEC is its sponsor institution, and it plans to raise 1.408 billion yuan. According to the prospectus, Huandong Technology is a national high-tech enterprise engaged in the research, design, production, and sales of Siasun Robot&Automation joint high-precision reducers, providing customers with comprehensive solutions for high-precision reducers required by Siasun Robot&Automation with a load capacity of 3-1000KG. The products include RV reducers, precision components, and harmonic reducers, with RV reducers being the company's main product widely used in high-end manufacturing fields such as Siasun Robot&Automation and industrial automation. In the global RV reducer market, Nabtesco has established a monopoly position with its long history, strong capital strength, and extensive technical accumulation. In recent years, the company's main product, RV reducers, has rapidly increased its market share in the domestic Siasun Robot&Automation market, taking the lead. In 2020, Nabtesco's market share in the domestic Siasun Robot&Automation RV reducer market was 54.80%, with absolute advantage, Sumitomo Heavy Industries had a market share of 6.60%, and the company's market share was only 5.25%. During the years 2021 to 2023, the company's market share was 10.11%, 13.65%, and 18.89% respectively, gradually increasing and second only to Nabtesco. During the same period, Nabtesco's market share was 51.77%, 50.87%, and 40.17%, while Sumitomo Heavy Industries' market share was 5.06%, 4.70%, and 3.91%. The market share of international manufacturers continues to decline, highlighting the domestic substitution characteristics of the company's products. While gradually achieving import substitution for Nabtesco, the company has further consolidated its leading position in the domestic Siasun Robot&Automation RV reducer market, becoming an important force in promoting the rapid rise of domestic independent brand industrial Siasun Robot&Automation and the independent controllability of high-end equipment manufacturing in China. Financially, in the years 2021, 2022, 2023, and January-June 2024, Huandong Technology achieved operating income of approximately 91.41 million yuan, 169 million yuan, 310 million yuan, and 134 million yuan respectively. During the same period, net profits were approximately 20.21 million yuan, 50.1783 million yuan, 76.2629 million yuan, and 25.5395 million yuan respectively.