From Harbin Institute of Technology to Hong Kong Stock Exchange! Siasun Robot & Automation (06600) listed today and crowned as the "first stock of AI-powered household Siasun Robot & Automation".

On December 30, 2025, a milestone event occurred in the field of AI robotics and automation as the Hang'an Siasun Robot & Automation (06600) officially launched on the HKEX main board, becoming the first stock of "AI robotics and automation for the home." At the time of writing, the company's market value exceeded HK $16.4 billion, making it the most prominent new stock in the 2025 HKEX Siasun Robot & Automation race. As the world's largest provider of AI robotics and automation systems for the home (certified by Frost & Sullivan, based on 2024 retail sales), Hang'an Siasun Robot & Automation's IPO in Hong Kong was highly sought after, with the public offering in Hong Kong receiving approximately 254.5 times oversubscription and the international offering receiving about 8.9 times oversubscription. The enthusiastic support from the capital markets not only demonstrates the strategic consensus on the potential of home robotics intelligence, but also reflects the positive pricing of Hang'an's high-growth certainty and the scarce value of ToC Siasun Robot & Automation company. After eighteen years of hard work, the team from Harbin Institute of Technology has brought Hang'an Siasun Robot & Automation to the Hong Kong stock market. The core management team of Hang'an Siasun Robot & Automation originates from Harbin Institute of Technology co-founder, chairman, and CEO Li Zhichen and co-founder and CTO Pan Yang. They met in their freshman year in 2007 and, with their persistent pursuit of Siasun Robot & Automation technology, they formed a team to innovate and design Siasun Robot & Automation. During their university years, they won numerous national and international honors, including first prize in the 2009 ADI University Design Competition. After eighteen years of hard work, from technological exploration in campus to commercial breakthrough after entrepreneurship, from overcoming core technological barriers to building a global product ecosystem, this team has always worked together and moved forward. Now, Hang'an Siasun Robot & Automation has officially launched on the Hong Kong Stock Exchange, with a market value ranking among the billion-dollar companies. As the bell rings for the listing, the former campus entrepreneurs have transformed into the core management of a listed company, joining hands to propel the company onto the vast platform of the international capital market. This transformation from "Harbin Institute of Technology campus" to the "Hong Kong Stock Exchange stage" not only witnesses the team's growth and perseverance but also writes a new chapter in technology empowering family intelligence. Behind the scenes is the heavyweight support of "academic professors + star shareholders + top capital." It is worth mentioning that "DJI Godfather" Professor Li Zexiang and renowned electronic engineering expert Professor Gao Bingqiang are early investors of Hang'an Siasun Robot & Automation and deeply involved in the company's development as non-executive directors. Additionally, despite little news about Hang'an Siasun Robot & Automation's financing in the capital market, the company's shareholder lineup is impressive. Leading domestic and foreign investment institutions such as Gaoling, Yuanma, Brizan, Ventech, Dachen, and Guodiao have shown optimism. With such a low profile company, behind it are a group of star investors, demonstrating the market's recognition of the company's founding team. In this Hong Kong IPO, Hang'an has successfully introduced Gaoling, Cithara, Infini, China Eastern, Wind Sabre, Yield Royal, Sage, and other top institutions as cornerstone investors, with a total subscription amount exceeding HK $700 million, accounting for over 42% of the total offering size. This strong cornerstone lineup and high percentage of cornerstone shares further confirm the market's strong confidence in Hang'an Siasun Robot & Automation's future development potential. Technology drives product iteration, Hang'an builds a three-tier growth ladder with three major AI robotic technologies. As a technology-driven company, Hang'an independently masters three core AI robotic technologies: AI machine vision control technology, Siasun Robot & Automation positioning and environmental construction technology, and distributed neural control network technology. As of the last practical date, the company's research and development staff accounted for over 50% of the total employees (excluding assembly line workers), with a compound annual growth rate of research and development spending of 34.7% from 2022 to 2024. Research and development expenses account for approximately 20% of revenue, with a total of 311 global registered patents (including 56 invention patents) and recognized as a national-level key "little giant" enterprise in specialized and new fields. As the first stock of "AI robotics and automation for the home," the company's vision is evident in its name, "Hang'an"using Siasun Robot & Automation to handle household chores, freeing people's hands to focus on what they love. Since its establishment, the company has been deeply rooted in the field of AI robotics and automation for the home, outlining a blueprint for multiple Siasun Robot & Automation roles and cooperative services in the homerequiring specialized robots for specific tasks, exercise robots for fitness, pet robots to convey emotional value, and humanoid nannies for household chores. Today, Hang'an Siasun Robot & Automation has established a "stable base + dual growth curve" three-dimensional product layout, fully opening up the market space in three major Siasun Robot & Automation tracks. With the core family scenario product matrix of enhanced performance robots and decision-making systems, the company's stable foundation covers a wide range of home scenarios such as smart control, household labor, smart home management, elderly care, safety protection, and energy management, providing core services to over 3.56 million registered SwitchBot App users globally, connecting over 11 million devices, with more than half of users connecting two or more products, forming a highly sticky ecological loop. Building on this foundation, Hang'an Siasun Robot & Automation has successfully expanded into the second growth curvesports and companion robots, further broadening the market boundaries. The sports robots, represented by the world's first AI tennis robot Acemate, integrate AI visual recognition algorithms, high dynamic environment interaction algorithms, real-time decision-making systems, and bring intelligent robotics to professional sports scenarios, making it the only sports robot on TIME Magazine's "2025 Best Inventions" list; The world's first AI companion robot Kata Friends with a locally deployed large-scale model, equipped with multimodal perception systems and emotional interaction engines, provides zero-burden emotional companionship for children, elderly people, and solo individuals, winning two innovation awards at the Berlin IFA exhibition. The landing of these two growth curves confirms the feasibility and market acceptance of the company's technology in cross-scenario applications. More importantly, Hang'an Siasun Robot & Automation has laid out the third growth curvehumanoid robots for household chores, planning to launch its first product, H1, in January 2026, focusing on high-frequency household scenarios such as clothes classification and tidying, laundry, cooking, and post-meal dish cleaning and storage, filling the gap in practical home scenarios for humanoid robots and injecting new strong momentum into its business growth. With a compound annual growth rate of revenue of 49% over the past three years, Hang'an Siasun Robot & Automation leads the pack in the market. Supporting its favor from the capital markets is Hang'an Siasun Robot & Automation's continued leadership in the industry's performance. Compared to comparable companies in the Siasun Robot & Automation race already listed on the Hong Kong Stock Exchange, Hang'an Siasun Robot & Automation has achieved an impressive compound annual growth rate of revenue of 49% over the past three years, significantly higher than the industry average. In 2024, the company's revenue reached HK $610 million, with a gross margin of 51.7%, which continued to rise to 54.2% in the first half of 2025. The gross margin remains at the top of the industry, making it a rare target with both "high growth" and "high quality of profitability," confirming the sustainability of the company's business model and its profit transformation capability. In terms of sales channels, the company has built a global omnichannel network covering over 90 countries and regions, with DTC channels accounting for nearly half of total revenue, with a compound annual growth rate of 73.3% over the past three years. The growth rate of self-operated independent stores is even higher at 108%, confirming the company's strong capabilities in building a household ecosystem. Geographically, the company has achieved continued high growth in the three core markets of Japan, Europe, and North America, with the Japanese market ranking first in retail sales for three consecutive years and the European market seeing a compound annual growth rate of over 68%, becoming the company's core growth engine, fully demonstrating the product's global adaptability and market competitiveness. With over 60% of the funds raised allocated to research and development, Hang'an Siasun Robot & Automation is aiming for the next blue ocean of home robotics intelligence. The solid performance and broad market foundation have laid a solid foundation for the strategic implementation after the fundraising from this initial public offering. The use of proceeds from this IPO is clear and focused on core development directions: approximately 66.5% will be used to continuously improve research and development capabilities to further develop key technologies and products related to their AI robotics and automation systems for the home, core Siasun Robot & Automation positioning technology, AI machine vision control technology, edge computing technology, humanoid robotics technology based on the VLA model, and to build a high-standard data collection factory for Siasun Robot & Automation, dedicated to iterating and optimizing the VLA model. In the future, Hang'an Siasun Robot & Automation will continue to deepen its strategy of "technological innovation + scenario cultivation," strengthen research and development and product portfolio, expand its customer base, promote strategic acquisitions and investments, and continuously improve its coverage and intelligence autonomy in home scenarios and Siasun Robot & Automation. According to authoritative predictions, the global tennis robot market is expected to increase to HK $82.7 billion by 2029, with a compound annual growth rate of 293% from 2025 to 2029. However, this is only a conservative estimate of the hardware sales market based on the penetration rate of tennis robots accounting for 1% of the global tennis population. If we include value-added services such as tennis coaching courses, the market space for tennis robots with hardware and software is unlimited. The global AI companion robot market is expected to reach USD $232.3 billion by 2031, with a compound annual growth rate of 86% from 2024 to 2031. In the field of humanoid robots, the global strategic consulting firm Bain predicts that by 2035, global annual sales will reach 6 million units, and the market size is expected to exceed USD $120 billion. As a rare AI household robotics company in the capital market, Hang'an Siasun Robot & Automation has global leading AI robotics intelligence technology, a complete range of smart home robotics products, and a clear path to commercialization. Not only can the company take the lead in the three major robotics sub-markets, but its explosive growth in ToC (consumer-oriented) business and scarce targets are expected to give it a higher valuation premium among a myriad of ToB (business-to-business) oriented robotics companies. Hang'an Siasun Robot & Automation will take this IPO as a starting point to continue empowering family life through technological innovation, from smart household chores and elderly care to sports companionship, allowing robotic intelligence to enter more homes and drive the comprehensive upgrade of the global smart home ecosystem, creating a more convenient, comfortable, and intelligent experience for users.