New stock news | Topas CNC is listed on the Hong Kong Stock Exchange and ranks first in the Chinese aerospace and aviation five-axis CNC machine tool market.

According to the disclosure on November 26 by the Hong Kong Stock Exchange, Shanghai Taopu Numerical Control Technology Co., Ltd. (referred to as Taopu Numerical Control) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with GUOTAI JUNAN I and CICC as joint sponsors. The prospectus shows that Taopu Numerical Control is a large enterprise in China specializing in the research and development, design, production, and sales of high-end intelligent manufacturing equipment (mainly five-axis (computer numerical control "CNC") machine tools). The company focuses on the research and development of five-axis CNC machine tools to meet the demand for advanced manufacturing in the aerospace industry in China. According to a consultation report, by 2024, Taopu Numerical Control ranked first in the Chinese aerospace five-axis CNC machine tool market with a market share of 11.6%, ranking fifth among all suppliers in the Chinese five-axis CNC machine tool market, and third among domestic suppliers with a market share of 4.3%. The market size of five-axis CNC machine tools is expected to grow from 10.8 billion yuan in 2024 to 27 billion yuan in 2029, with a compound annual growth rate of 20.1%. During the historical period, the company has expanded its market presence to cover various industries such as automotive, energy, medical equipment, shipbuilding, machine tools, and mold manufacturing. During the historical period, Taopu Numerical Control generated revenue through the sale of (i) aerospace intelligent manufacturing equipment; (ii) compact general-purpose five-axis machine tools; (iii) large-size carbon fiber composite five-axis machine tools; and (iv) providing maintenance and repair services. The company's products are mainly customized and manufactured according to orders. In the first six months of 2025, the company began introducing large-size carbon fiber composite five-axis machine tools to enhance its product portfolio. Taopu Numerical Control has established a research and development platform covering five core technological pillars: (i) precision mechanical design and manufacturing process technology, (ii) core component development technology, (iii) CNC system and intelligent measurement and control technology, (iv) process programming software technology, and (v) artificial intelligence manufacturing technology. These five core technological pillars form the basis of the company's research and development system, serving as the cornerstone for the generality and application of the company's product portfolio. According to the consultation data, the Chinese five-axis CNC machine tool industry includes both overseas and domestic suppliers. With the rapid development of the Chinese five-axis CNC machine tool industry, domestic suppliers have gradually expanded their market share through continuous improvement of their technical capabilities, competitive product portfolios, and efficient and reliable service response. Based on revenue from five-axis CNC machine tools, domestic suppliers' market share increased from 18.0% in 2020 to 55.0% in 2024, and is expected to exceed 75.0% by 2029. Taopu Numerical Control ranks fifth among all suppliers in the Chinese five-axis CNC machine tool industry, third among domestic suppliers, with a market share of 4.3%. The aerospace industry is an important application field for five-axis CNC machine tools and currently accounts for the largest share of the total market size of the Chinese five-axis CNC machine tool industry. In 2024, the market size of five-axis CNC machine tools in the Chinese aerospace sector reached 3.8 billion yuan, accounting for 35.6% of the Chinese five-axis CNC machine tool market. Based on revenue from five-axis CNC machine tools in the aerospace sector in 2024, Taopu Numerical Control ranked first among all suppliers in the Chinese five-axis CNC machine tool industry with a market share of 11.6%. In terms of finance, Taopu Numerical Control achieved revenues of approximately 136 million yuan, 335 million yuan, 532 million yuan, 315 million yuan, and 445 million yuan in the 2022 fiscal year, 2023 fiscal year, 2024 fiscal year, 2024, and the first six months of 2025, respectively.