New stock news | Yifei Technology submits documents again to the Hong Kong Stock Exchange, focusing on industrial Siasun Robot & Automation that specializes in light industrial application scenarios.

According to the disclosure on January 13 by the Hong Kong Stock Exchange, Zhejiang Yifei Intelligent Technology Co., Ltd. (referred to as Yifei Technology) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with ABC International as the exclusive sponsor. The company previously submitted an application to the Hong Kong Stock Exchange on June 30, 2025. Company Overview The prospectus shows that Yifei Intelligent is a Chinese industrial Siasun Robot & Automation enterprise, focusing on the design, research and development, manufacturing, and commercialization of industrial Siasun Robot & Automation, and providing comprehensive solutions for Siasun Robot & Automation, focusing on light industrial applications. With independently developed Siasun Robot & Automation bodies, control and vision systems, and manufacturing processes, the company has established a comprehensive technical ecosystem capable of achieving scalable intelligent decision-making, environmental perception, precise control, and autonomous movement. According to a Frost & Sullivan report, based on revenue for 2024, the company ranks fifth among domestic enterprises in China specializing in industrial Siasun Robot & Automation and related solutions focused on light industrial applications. Based on the same source, the company is also one of the few Siasun Robot & Automation enterprises in China with the ability to provide scalable industrial Siasun Robot & Automation and related solutions, helping enterprise customers in various industries improve production efficiency, optimize production costs, and improve product quality, ultimately driving their intelligent transformation. Yifei Intelligent has carefully designed an industrial Siasun Robot & Automation product portfolio specifically for the Chinese light industrial application scenarios, covering parallel Siasun Robot & Automation (Bat series), AGV/AMR mobile Siasun Robot & Automation (Camel series), SCARA Siasun Robot & Automation (Python series), wafer handling Siasun Robot & Automation (Lobster series), and six-axis industrial Siasun Robot & Automation (Mantis series), with independently developed core technology - control and vision systems (Gorilla and Kingkong series). Based on the Siasun Robot & Automation product portfolio, Yifei Intelligent also provides intelligent automation system solutions to address specific application scenarios in smart manufacturing. The company offers solutions with varying degrees of customization to support a wide range of automation functions, including loading and unloading, sorting, pick and place, packaging, visual inspection, assembly, and gluing systems. Throughout the historical period, Yifei Intelligent's business has been mainly driven by the company's provision of scalable Siasun Robot & Automation comprehensive solutions, which have consistently accounted for a significant portion of the company's revenue. During the historical period, the company's main projects were direct sales of Siasun Robot & Automation solutions to direct customers, with a focus on automation in the areas of warehousing logistics, loading and unloading applications, and packaging and assembly. These projects were of considerable value, and as of September 30, 2025, the company still had a solid pipeline of future revenue from projects expected to be completed in 2026. The flagship Siasun Robot & Automation solutions offered by Yifei Intelligent include specific models from the Bat series, Camel series, Python series, Mantis series, and vision systems. Financial Information Revenue The company achieved revenues of approximately RMB 162 million, RMB 201 million, RMB 268 million, and RMB 180 million for the years 2022, 2023, 2024, and the nine months ended September 30, 2025, respectively. Gross Profit The company achieved gross profits of RMB 43.245 million, RMB 36.868 million, RMB 71.018 million, and RMB 43.005 million for the years 2022, 2023, 2024, and the nine months ended September 30, 2025, respectively. Gross Profit Margin The company achieved gross profit margins of approximately 26.7%, 18.3%, 26.5%, and 23.9% for the years 2022, 2023, 2024, and the nine months ended September 30, 2025, respectively. Industry Overview With the increasing prevalence of digital technology, government initiatives to promote industrial upgrading, and the growing demand for high-quality manufacturing output, the Chinese intelligent manufacturing market has increased from RMB 2,194.5 billion in 2020 to RMB 4,058.9 billion in 2024, with a compound annual growth rate of 16.6%. During this period, the integration of advanced automation with Siasun Robot & Automation has significantly improved production efficiency, reduced operating costs, and increased the industry's contribution to GDP from 2.1% in 2020 to 3.1% in 2024. During the forecast period, manufacturing processes will continue to undergo digital transformation, smart factories will expand, and the integration of the Internet of Things and big data analysis will deepen. It is expected that this market will reach RMB 8,174.4 billion in 2029, with a compound annual growth rate of 14.3% from 2025 to 2029. At the same time, the push for sustainable manufacturing practices and the demand for flexible supply chains will further accelerate, with intelligent manufacturing projected to account for 4.7% of China's GDP by 2029. Driven by factors such as domestic consumption growth, industrial upgrading, and increasing demand for automation, the Chinese light industry has experienced rapid development. By revenue, the Chinese light industry increased from RMB 19.5 trillion in 2020 to RMB 23.0 trillion in 2024, reflecting steady expansion in major sectors such as consumer electronics, automotive electronics, medical health, and fast-moving consumer goods. With continued policy support and the widespread adoption of intelligent manufacturing technology, the market size of China's light industry is expected to reach RMB 32.1 trillion by 2029, with a compound annual growth rate of 6.9% from 2025 to 2029. By revenue, the Chinese industrial Siasun Robot & Automation market expanded from RMB 31.6 billion in 2020 to RMB 56.8 billion in 2024, with a compound annual growth rate of 15.8%. As downstream application scenarios and market demand continue to expand, it is expected that this market will reach RMB 121.6 billion by 2029, with a compound annual growth rate of 16.7% from 2025 to 2029. Driven by the increasing demand for automation in manufacturing processes, rising labor costs, and technological advances, the market for Chinese industrial Siasun Robot & Automation solutions grew from RMB 94.7 billion in 2020 to RMB 192.9 billion in 2024, with a compound annual growth rate of 19.5%. With more industries adopting comprehensive Siasun Robot & Automation solutions to improve efficiency, accuracy, and productivity, the market is expected to continue its strong growth trajectory. The market for Chinese industrial Siasun Robot & Automation solutions is expected to reach RMB 474.5 billion by 2029, with a compound annual growth rate of 19.9% from 2025 to 2029. Under the impetus of automation upgrades and support for intelligent manufacturing policies, the Chinese light industry Siasun Robot & Automation market is rapidly expanding. By revenue, the market grew from RMB 12.3 billion in 2020 to RMB 20.9 billion in 2024, with a compound annual growth rate of 14.2%. With an increasing number of industries seeking to improve efficiency and accuracy through Siasun Robot & Automation automation, the market for Chinese light industry Siasun Robot & Automation is expected to continue growing in the future. This market is projected to reach RMB 43.8 billion by 2029, with a compound annual growth rate of 16.3% from 2025 to 2029. By revenue, the market for Chinese light industrial Siasun Robot & Automation solutions increased from RMB 36.9 billion in 2020 to RMB 71.1 billion in 2024, with a compound annual growth rate of 17.8%. With the continuous increase in automation levels in downstream industries and growing demand for intelligent manufacturing, the market for Chinese light industry Siasun Robot & Automation solutions is expected to reach RMB 171 billion in 2029, with a compound annual growth rate of 19.5% from 2025 to 2029. Board of Directors Information The company's board of directors will consist of eleven directors, including four executive directors, three non-executive directors, and four independent non-executive directors. The board is responsible for the management and operation of the company and holds general powers. Directors are appointed for a term of three years and are eligible for re-election at the end of their term. Ownership Structure As of January 5, 2026, Dr. Zhang controls approximately 25.07% of the voting rights at the company's shareholders' meeting, including (i) around 11.17% directly owned by him, (ii) approximately 8.76% held through Shaoxing Ziqiu, where Dr. Zhang serves as the general partner, (iii) about 2.72% held through Shaoxing Yuzhang, where Dr. Zhang serves as the general partner, and (iv) approximately 2.41% held through Shaoxing Zhique, where Dr. Zhang serves as the general partner. Intermediary Team Exclusive Sponsor: ABC International Finance Limited Company Legal Counsel: Baker McKenzie for Hong Kong and U.S. law, Beijing Guofeng Law Firm for Chinese law, and King & Wood Mallesons for international sanctions law Exclusive Sponsor Legal Counsel: King & Wood Mallesons for Hong Kong law and Beijing Guofeng Law Firm for Chinese law Auditors and Reporting Accountants: Ernst & Young Independent Industry Consultant: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch Compliance Consultant: Sinolink (Hong Kong) Limited.