New stock news | Huanchuang Technology's Hong Kong IPO prospectus invalid

Shenzhen Huanchuang Technology Co., Ltd. (referred to as Huanchuang Technology), submitted its Hong Kong IPO prospectus on September 29, 2025, which expired after 6 months on March 29, 2026. At the time of submission, CICC and Guosen (Hong Kong) were its joint sponsors. The prospectus shows that Huanchuang Technology is a global leader in high-precision spatial perception solutions, using AI technology to build intelligent spatial perception systems and providing high-precision algorithms and related hardware for intelligent Siasun Robot&Automation. According to Zhusi Consulting, based on revenue in 2024, the company is a leading company in the global sweeping Siasun Robot&Automation space perception solution field. Especially in terms of revenue and shipment volume in 2024, it maintains a leading position in the sweeping Siasun Robot&Automation laser radar product field, with a shipment volume of approximately 8 million units, accounting for over 50% of the market share by shipment volume. Since its establishment, the cumulative shipment volume has exceeded 25 million units. With this strong momentum, the company continued to grow steadily in the first half of 2025, with total shipments of laser radar and line laser sensors exceeding 5 million units and 2 million units, respectively.