New stock news | Industrial Siasun Robot & Automation company Estun Automation (002747.SZ) filed for a second time on the Hong Kong Stock Exchange, ranking sixth among all manufacturers in the global market and the Chinese market.

According to the disclosure made by the Hong Kong Stock Exchange on January 15, the Nanjing Estun Automation Automation Co., Ltd. (002747.SZ) has submitted an application for listing on the Main Board of the Hong Kong Stock Exchange, with Huatai International as its sole sponsor. The company had previously submitted a listing application to the Hong Kong Stock Exchange on June 27, 2025. The prospectus indicates that, based on revenue, the company ranks first among industrial Siasun Robot&Automation companies according to data from Frost & Sullivan. In terms of revenue in 2024, Estun Automation ranks sixth among all manufacturers in the global market and the Chinese market, with market shares of 1.7% and 2.0%, respectively. Company Profile According to the prospectus, Estun Automation is a leading company in the Chinese industrial Siasun Robot&Automation industry. According to data from Frost & Sullivan, the company has been the top local industrial Siasun Robot&Automation shipper in the Chinese market for several years. In the first half of 2025, Estun Automation achieved a historic breakthrough by surpassing foreign brands in the domestic market, becoming the first domestic Siasun Robot&Automation enterprise to dominate the Chinese market for Siasun Robot&Automation solutions. Estun Automation mainly provides industrial Siasun Robot&Automation and intelligent manufacturing systems to customers in various manufacturing fields such as automotive, engineering machinery, heavy industry, and lithium batteries, as well as automation core components and motion control systems. Estun Automation's industrial Siasun Robot&Automation and intelligent manufacturing systems offer automated solutions that significantly enhance productivity, safety, and reliability in industrial environments. The company's industrial Siasun Robot&Automation product portfolio includes general-purpose and special-purpose robots that can independently and accurately perform repetitive, physically demanding, or hazardous tasks. Additionally, the company provides industrial Siasun Robot&Automation workstations, which are production units centered around Siasun Robot&Automation, equipped with controllers and other supporting equipment to efficiently execute specific manufacturing steps such as welding, machining, or assembly. In addition to standalone Siasun Robot&Automation and workstations, Estun Automation's intelligent manufacturing systems integrate self-developed Siasun Robot&Automation and core components with peripheral and supporting equipment to provide comprehensive solutions. These systems connect multiple processes from machining and assembly to testing and packaging into workflows, minimizing human intervention and enabling large-scale continuous output from raw materials to finished products. Financial Information Revenue For the nine months ended September 30, 2022, 2023, 2024, and 2025, the company's revenue was approximately RMB 3.881 billion, RMB 4.652 billion, RMB 4.009 billion, and RMB 3.804 billion, respectively. Profit/(Loss) for the Period For the nine months ended September 30, 2022, 2023, 2024, and 2025, the profit/(loss) for the period was approximately profit of RMB 184 million, profit of RMB 134 million, loss of RMB 818 million, and profit of RMB 30 million, respectively. Gross Profit Margin For the nine months ended September 30, 2022, 2023, 2024, and 2025, the gross profit margins were 32.9%, 31.3%, 28.3%, and 28.2%, respectively. Industry Overview In recent years, the global industrial Siasun Robot&Automation solutions market has experienced significant growth due to rapid technological advancements and expanding application areas. The market size in terms of revenue increased from $14.7 billion in 2020 to $25.4 billion in 2024, with a compound annual growth rate of 14.6% from 2020 to 2024. It is expected to continue growing at a strong rate, with projected revenues reaching $51.8 billion in 2029 and a compound annual growth rate of 15.4% from 2024 to 2029. China has emerged as a key driver of global market growth. From 2020 to 2024, the market size of Chinese industrial Siasun Robot&Automation solutions increased from $6.9 billion to $12.7 billion, with a compound annual growth rate of 16.5%. This growth momentum is expected to continue, with the market size of Chinese industrial Siasun Robot&Automation solutions reaching $28.8 billion by 2029 and a compound annual growth rate of 17.8% from 2024 to 2029. Board of Directors Information Estun Automation's board of directors currently consists of nine directors, including five executive directors, one non-executive director, and three independent non-executive directors. The list is as follows: Ownership Structure The controlling shareholder group includes Mr. Wu, Mr. Wu Kan (son of Mr. Wu), Ms. Liu Fang (spouse of Mr. Wu), and Nanjing Pailleist. Mr. Wu and Ms. Liu Fang are spouses and parents of Mr. Wu Kan. Based on their close relationship (spouses) and family members (parents and son) and the fact that Mr. Wu, Ms. Liu Fang, and Mr. Wu Kan are deemed to be a group of controlling shareholders due to collectively holding a portion of the company's shares indirectly through a common investment holding company (Nanjing Pailleist), Mr. Wu, Ms. Liu Fang, and Mr. Wu Kan are considered the controlling shareholder group of the company. As of the last practicable date, the controlling shareholder group is able to exercise approximately 42.15% of the company's voting rights, including (i) Mr. Wu directly holding 110,996,700 shares (approximately 12.74% of the company's issued share capital); (ii) Nanjing Pailleist holding 254,894,742 shares (approximately 29.26% of the company's issued share capital), with Nanjing Pailleist being a limited liability company established under Chinese law, in which Mr. Wu, Mr. Wu Kan, and Ms. Liu Fang respectively hold 96.89%, 3.00%, and 0.11% equity; and (iii) Mr. Wu Kan directly holding 1,263,033 shares (approximately 0.15% of the company's issued share capital). Intermediary Team Sole Sponsor: Huatai Financial Holdings (Hong Kong) Limited Company Legal Advisor: Zhong Lun Law Firm, Zhong Lun Law Firm Sole Sponsor Legal Advisor: Tengyu Law Firm (Limited Liability Partnership), Tongshang Law Firm Auditor and Reporting Accountant: KPMG Certified Public Accountants Industry Consultant: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch Compliance Advisor: Mason Capital Limited