New Stock News | Weiyi Intelligent Manufacturing's Hong Kong IPO and Full Circulation of Domestic Unlisted Shares Filed with the CSRC

On September 18, the International Cooperation Department of the China Securities Regulatory Commission issued the "Filing Notice on the Overseas Issuance and Listing of Changzhou Weiyi Intelligent Manufacturing Technology Co., Ltd. and the 'Full Circulation' of Domestic Unlisted Shares." The company plans to issue no more than 42,867,100 overseas-listed ordinary shares and list on the Hong Kong Stock Exchange. The company's 37 shareholders plan to convert a total of 335,481,556 domestic unlisted shares into overseas-listed shares and list them for trading on the Hong Kong Stock Exchange. According to the prospectus, Weiyi Intelligent Manufacturing is a leading industrial embodied intelligence Siasun Robot&Automation company, providing global customers with out-of-the-box, highly flexible industrial embodied intelligence Siasun Robot&Automation (EIIR) products and solutions with excellent intelligence levels. The company has served more than 25 Fortune Global 500 companies and leading international manufacturing enterprises. From 2023 to 2025, Weiyi Intelligent Manufacturing's revenue grew from 434 million yuan to 796 million yuan, with a compound growth rate of over 35%, firmly ranking in the industry's first tier. Gross margin increased for three consecutive years, rising from 42.4% to 48.4%, significantly leading the industry. Against the backdrop of widespread losses across the industry, the company has remained consistently profitable. In 2025, EIIR products contributed 57.0% of Weiyi Intelligent Manufacturing's revenue (26.3% in 2023), becoming its primary growth driver. Sales volume of EIIR products surged from 211 units in 2023 to 623 units in 2025, with a compound annual growth rate of 71.8%. The gross margin of EIIR products has consistently remained above 47.9%, reaching 55.1% in 2024 and 53.5% in 2025, making it the company's most important source of profit.