New stock news | Can open Siasun Robot&Automation submits application to Hong Kong Stock Exchange, ranking first among all Chinese welding Siasun Robot&Automation manufacturers.

According to the disclosure of the Hong Kong Stock Exchange on November 17, Chengdu Canopus Siasun Robot & Automation Technology Co., Ltd. (hereinafter referred to as Canopus Siasun Robot & Automation) has submitted an application to the Hong Kong Stock Exchange Main Board, with Guotai Junan Financing Limited as its exclusive sponsor. The prospectus states that, based on data from Frost & Sullivan, Canopus Siasun Robot & Automation ranks first among all Chinese welding Siasun Robot & Automation manufacturers in terms of revenue in 2024. According to the prospectus, Canopus Siasun Robot & Automation is an advanced industrial Siasun Robot & Automation company in China and a pioneer in embodied intelligent Siasun Robot & Automation. Leveraging full-stack independent core technology and multi-scenario intelligent application capabilities, the company has successfully built a major matrix of three categories of fully self-developed products covering industrial Siasun Robot & Automation, collaborative Siasun Robot & Automation, and embodied intelligent Siasun Robot & Automation. Canopus Siasun Robot & Automation holds a leading position in China in the welding function of industrial Siasun Robot & Automation products as well as in the fields of metal and mechanical processing applications. According to Frost & Sullivan data, based on revenue in 2024, (i) the company ranks first among all Chinese welding Siasun Robot & Automation manufacturers; (ii) the company ranks first among all Chinese manufacturers in key welding Siasun Robot & Automation subfields (including laser welding and cutting Siasun Robot & Automation); and (iii) in the metal and mechanical processing industry Siasun Robot & Automation applications, the company is at the forefront among Chinese enterprises. According to Frost & Sullivan data, among Chinese companies achieving industrial Siasun Robot & Automation scale, Canopus Siasun Robot & Automation is one of the leaders in profitability. To align with market trends, Canopus Siasun Robot & Automation has established a "dual-engine-driven" growth model, consolidating its domestic foundation while promoting the expansion of strategic business overseas. According to Frost & Sullivan's report, the company has established one of the strongest global layouts among Chinese counterparts in the industrial Siasun Robot & Automation industry, with Canopus Siasun Robot & Automation being the largest welding Siasun Robot & Automation exporter in China based on revenue in 2024. During the reporting period, Canopus Siasun Robot & Automation focused on designing, developing, and manufacturing (i) industrial Siasun Robot & Automation, mainly including six-axis industrial Siasun Robot & Automation and four-axis industrial Siasun Robot & Automation, and selectively expanding to a full range of (ii) collaborative Siasun Robot & Automation and (iii) embodied intelligent Siasun Robot & Automation. Canopus Siasun Robot & Automation's Siasun Robot & Automation products have core advantages in welding and also provide multifunctional capabilities such as cutting, grinding, precision processing, stamping, handling and stacking, assembly, etc. Canopus Siasun Robot & Automation's Siasun Robot & Automation products are designed to perform repetitive, high-precision tasks in various industries (including metal and mechanical processing, automotive and parts, electronic products, new energy, consumer goods, and healthcare). As of June 30, 2025, Canopus Siasun Robot & Automation operates its own production base in Chengdu, Sichuan Province, China, with a total building area of approximately 35,155.85 square meters. The facility is mainly used for the assembly, integration, and system-level testing of Siasun Robot & Automation products. Financial information Revenue: The company's revenue amounted to RMB 197 million, RMB 222 million, RMB 234 million, and RMB 156 million in the fiscal years ending in 2022, 2023, 2024, and the six months ended June 30, 2025, respectively. Net profit/(loss) for the year/period: The company recorded a profit of RMB 28.26 million and RMB 1.688 million in 2022 and 2023, respectively, and a loss of RMB 12.944 million in 2024. In the six months ended June 30, 2025, the company also recorded a profit of RMB 8.438 million. Gross profit/gross profit margin: The company's gross profit showed a growth trend, increasing from RMB 54.366 million in 2022 to RMB 60.219 million in 2023 and further to RMB 71.218 million in 2024. The gross profit also increased from RMB 34.954 million in the six months ended June 30, 2024, to RMB 50.603 million in the six months ended June 30, 2025. The company's gross profit margin remained stable, recording 27.5% in 2022, 27.1% in 2023, 30.4% in 2024, 30.6% in the six months ended June 30, 2024, and 32.4% in the six months ended June 30, 2025. Industry Overview The Chinese industrial Siasun Robot & Automation market has shown a high-speed growth trend, with the market size expanding from RMB 315 billion in 2020 to RMB 467 billion in 2024, achieving a compound annual growth rate of 10.4% during the period. With downstream application scenarios and market demand continuing to expand, the market size is expected to accelerate further, growing from RMB 527 billion in 2025 to RMB 931 billion in 2029, with a compound annual growth rate of 15.3%. The global industrial Siasun Robot & Automation market has shown a high growth trend, expanding from RMB 740 billion in 2020 to RMB 1,016 billion in 2024, achieving a compound annual growth rate of 8.3% during the period. With downstream application scenarios and market demand continuing to expand, the market is expected to accelerate further growth, reaching from RMB 1,129 billion in 2025 to RMB 1,813 billion in 2029, with a compound annual growth rate of 12.6%. The global intelligent industrial Siasun Robot & Automation market has grown from RMB 36 billion in 2020 to RMB 141 billion in 2024, achieving a compound annual growth rate of 40.6% during the period. With rapid industrial automation adoption, the emergence of emerging markets, and the surge in demand for flexible automation solutions in multiple downstream scenarios, the market is expected to maintain strong momentum, reaching RMB 614 billion in 2029, with an annual compound growth rate of 34.9% starting from 2025. The global intelligent welding Siasun Robot & Automation market has grown from RMB 2 billion in 2020 to RMB 16 billion in 2024, with a compound annual growth rate of 71.8% during the period. Driven by high-precision manufacturing demands and industrial chain integration, the market is expected to maintain strong growth momentum, reaching RMB 80 billion by 2029, with an annual compound growth rate of 38.8% starting in 2025. The global collaborative market size has grown from RMB 25 billion in 2020 to RMB 75 billion in 2024, with a compound annual growth rate of 32.0%, and is expected to achieve a year-on-year growth rate of 30.2% in 2025. Driven by the accelerated adoption of AI integrated collaboration systems, the breakthrough of economically efficient modular design, and the surge in demand for flexible automation solutions in response to labor shortages and supply chain resilience pressures, the market is expected to maintain strong growth momentum, reaching RMB 350 billion by 2029, with an annual compound growth rate of 37.4% starting in 2025. Board of Directors and Management Information The board of directors consists of nine directors, including three executive directors, three non-executive directors, and three independent non-executive directors. Shareholding structure According to a unanimous action agreement reached in June 2021, Canopus Siasun Robot & Automation's controlling shareholders include Mr. Li Liangjun, Mr. Zhu Lusheng, Changzhou Hongzhi, Ms. Gu Fei, Mr. Xia Huisheng, Mr. Zeng Bing, and Mr. Deng Shihai. As of the last practicable date, (i) Mr. Li directly holds approximately 16.41% of the company's registered capital; (ii) Mr. Zhu directly holds approximately 16.41% of the company's registered capital; (iii) Changzhou Hongzhi directly holds approximately 7.81% of the company's registered capital; (iv) Ms. Gu directly holds approximately 3.86% of the company's registered capital; (v) Mr. Xia directly holds approximately 3.85% of the company's registered capital; (vi) Mr. Zeng directly holds approximately 2.89% of the company's registered capital; and (vii) Mr. Deng directly holds approximately 2.89% of the company's registered capital. Changzhou Hongzhi was established in 2017 as an employee stock ownership platform, with Mr. Li (as a general partner) owning approximately 1.13%, and Mr. Zhu (as a limited partner) owning approximately 73.21%. Therefore, Mr. Li and Mr. Zhu jointly control Changzhou Hongzhi. As a result, as of the last practicable date, the controlling shareholders together hold 54.13% of the registered capital of the company. Intermediary Team: Exclusive sponsor: Guotai Junan Financing Limited Legal Compliance Advisor: Zhongtai International Finance Limited Industry Consultant: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch International Sanctions Legal Advisor: Hogan Lovells Auditors and Reporting Accountants: Ernst & Young LLP