Luo Shi Siasun Robot & Automation (03752) will conduct its IPO from June 30th to July 6th, planning to globally sell 23.03 million H shares and introduce cornerstone investors such as GF Fund and Huatai Capital.

Siasun Robot & Automation (03752) will be listed from June 30, 2026 to July 6, 2026, with the company planning to globally issue 23.0319 million H shares, with about 10% for public offering in Hong Kong and about 90% for international offering, with an additional 15% over-allotment option. The offer price is 38 Hong Kong dollars per share. The shares will be traded on the Stock Exchange of Hong Kong starting at 9 am on July 9, 2026 (Thursday). According to the consultation report, the group is one of the earliest local companies in China to achieve an annual production capacity exceeding 1000 units in both industrial and collaborative Siasun Robot & Automation, reflecting the industry trend of manufacturing automation integration. Despite the group's relatively moderate business scale, it is thanks to the independent research and development of the Siasun Robot & Automation technology platform, as well as the parallel development of the two product lines as a key focus of research and development, that the group has this first-mover advantage. According to the consultation report, based on revenue in 2025, the group ranks 6th among domestic suppliers in the Chinese industrial Siasun Robot & Automation market with a 0.9% market share; and 6th in the Chinese collaborative Siasun Robot & Automation market with a 4.8% market share. Additionally, among the top six collaborative Siasun Robot & Automation suppliers in China, the group is the only supplier with an annual production capacity exceeding 1000 units. According to the same source, the group is one of the top five suppliers in China's smart robotic arm market, with a market share of 6.3%. The group has entered cornerstone investment agreements with GF Fund, Huatai Capital, Financial Street Holdings Capital, Yishao Capital, and All View Fund (cornerstone investors), who have agreed to subscribe for approximately 275 million Hong Kong dollars' worth of shares at the offer price (excluding brokerage commissions, SFC transaction levy, HKEX trading fee) of the number of shares offered (rounded down to the nearest complete trading unit of 100 shares of H shares). Based on the offer price of HK$38.00 per share, the cornerstone investors will subscribe for a total of 7.2331 million H shares, representing approximately (i) 31.40% of the shares offered globally (assuming the over-allotment option is not exercised), (ii) 2.76% of the group's total issued share capital after the global offering (assuming the over-allotment option is not exercised), and (iii) 2.73% of the group's total issued share capital after the global offering (assuming the over-allotment option is fully exercised). The group achieved stable growth and continued improvement in gross profit margin during the past financial periods. The group's revenues were RMB 267 million, RMB 325 million, and RMB 522 million in 2023, 2024, and 2025 respectively. The group achieved gross profits of RMB 30.6 million, RMB 71.2 million, and RMB 114 million, with gross profit margins of 11.4%, 21.9%, and 21.9% respectively.