New Stock News | Industrial robot and automation manufacturer Siasun Robot & Automation, listed on the Shenzhen stock exchange under the code 300124.SZ, is considering listing in Hong Kong.

According to GMTEightiAPP, it has been reported that Chinese industrial Siasun Robot & Automation manufacturer Shenzhen Inovance Technology (300124.SZ) is considering a secondary listing in Hong Kong. The company has had preliminary discussions with potential advisors regarding the offering. The size of such IPOs is typically between 5% and 10% of the company's market value. Details including size and timing are still being discussed as it is still in the preliminary consideration stage. Shenzhen Inovance Technology has not responded to this matter yet. Shenzhen Inovance Technology is a leading company in the industrial automation field, with core businesses covering four main areas: general automation, including core products such as frequency converters, servo systems, PLC/HMI, high-performance motors, sensors, machine vision, and other industrial automation components as well as industrial Siasun Robot & Automation products. The company holds a 28% market share in China's servo system sector, an 18.6% share in the medium and low-voltage transformer market, and a 27% share in the SCARA Siasun Robot & Automation sales, all ranking first in China. In the field of new energy vehicles, core products include electric drive systems (motors, motor controllers, drive assemblies) and power systems (DC/DC, OBC, power assemblies). Additionally, in the field of smart elevators, core products include elevator control systems (integrated controllers/variable frequency drives), human-machine interfaces, door systems, control cabinets, cables, elevator shaft electrical components, elevator Internet of Things, and electrical major supporting solutions. In the field of rail transportation, core products include planning design, core components, vehicle manufacturing, operation and maintenance, where core components mainly include body systems, electrical systems, steering systems, traction systems, and control systems. Financial reports show that in the period from January to September 2025, Shenzhen Inovance Technology achieved a revenue of 31.663 billion yuan, an increase of 24.67% year-on-year; a net profit attributable to the shareholders of the listed company of 4.254 billion yuan, an increase of 26.84% year-on-year; and a non-GAAP net profit attributable to the shareholders of the listed company of 3.888 billion yuan, an increase of 24.03% year-on-year. Overall profitability indicators are showing positive trends.