New Stock News | Hua Yan Siasun Robot & Automation to hold hearing at Hong Kong Stock Exchange as China's second-largest collaboration with Siasun Robot & Automation Company.

According to the disclosure of the Hong Kong Stock Exchange on March 15, Guangdong Huayan Siasun Robot & Automation Co., Ltd. (hereinafter referred to as Huayan Siasun Robot & Automation) conducted a listing hearing on the main board of the Hong Kong Stock Exchange, with CICC and Deutsche Bank serving as its joint sponsors. The prospectus shows that Huayan Siasun Robot & Automation is a collaboration between Siasun Robot & Automation Company, engaged in the research, development, production, and sales of collaborative Siasun Robot & Automation and core motion components for industrial automation applications. During the reporting period, the company mainly sold Siasun Robot & Automation hardware to customers in mainland China, Europe, the Americas, and other regions in Asia. Collaborative Siasun Robot & Automation is designed for precise automation and is suitable for environments that require safe collaboration with humans at close distances. According to Frost & Sullivan, the global collaborative Siasun Robot & Automation market revenue will reach RMB 7.5 billion by 2024, accounting for approximately 1.7% of the overall global Siasun Robot & Automation market revenue of RMB 431.6 billion. The company's collaborative Siasun Robot & Automation is widely used in various industries. Specifically, the E-series collaborative Siasun Robot & Automation is mainly used in industrial manufacturing, consumer electronics, and medical health, supporting high-precision applications such as small component assembly, precision machining, and medical testing. The S-series collaborative Siasun Robot & Automation is mainly deployed in the automotive and logistics industries, including applications such as palletizing, machine tool loading and unloading, material handling, and logistics automation. As of March 10, 2026, the company has successfully commercialized two major series of collaborative Siasun Robot & Automation products as well as all core motion component products. In addition to collaborative Siasun Robot & Automation products, the company also provides a range of proprietary core motion components, including frameless torque motors, servo drives, joint modules, and precision motion platforms. By combining precision mechanical engineering with proprietary control algorithms, the company has developed components that provide high-performance metrics, forming the foundation of its own collaborative Siasun Robot & Automation, while also being deployed in third-party applications ranging from industrial automation to advanced humanoid Robot & Automation. The following table shows the revenue breakdown in absolute amounts and as a percentage of total revenue by product and nature of collaborative Siasun Robot & Automation services during the indicated period: [Table data not provided in the text] In the years 2022, 2023, 2024, and the nine months ended September 30, 2025, the revenue from the top five customers in each respective year or period of the reporting period were RMB 56.10 million, RMB 85.20 million, RMB 188 million, and RMB 155 million, accounting for 51.2%, 48.5%, 60.6%, and 55.3% of total revenue respectively. In terms of production capacity, during the reporting period, the company mainly manufactured products at its production base in Foshan, Guangdong, and also had a production base in Shenzhen, Guangdong, which primarily undertook the production tasks of research and development samples. According to data from Frost & Sullivan, the global collaborative Robot & Automation industry remains highly concentrated, with the top five global companies holding a 42.1% market share by 2024. The company is the second-largest Chinese collaborative Robot & Automation company, with a 10.3% share, and also one of the top five global companies by 2024, with a 3.5% share. In terms of finances, in the years 2022, 2023, 2024, and the nine months ended September 30, 2025, the company's revenue was approximately RMB 109 million, RMB 175 million, RMB 310 million, and RMB 281 million, respectively. During the same period, the annual/periodic net profit was approximately -83.36 million yuan, 1.895 million yuan, 17.869 million yuan, and -15.588 million yuan respectively.