HuanDong Technology's Shanghai Stock Exchange STAR Market IPO "terminated"

On September 21, the IPO review status of Zhejiang HuanDong Robot Joint Technology Co., Ltd. (abbreviated as: HuanDong Technology) on the Shanghai Stock Exchange STAR Market was changed to "terminated." Because HuanDong Technology and its sponsor withdrew the issuance and listing application, in accordance with the relevant provisions of Article 63 of the Shanghai Stock Exchange Rules for the Review of Stock Issuance and Listing, the Shanghai Stock Exchange terminated its issuance and listing review. The prospectus shows that HuanDong Technology is a national high-tech enterprise engaged in the research and development, design, production, and sales of high-precision reducers for robot joints, providing customers with overall high-precision reducer solutions covering the needs of robots with loads of 3-1,000KG. Its products include RV reducers, precision components, and harmonic reducers. RV reducers are the company's main product and are widely used in high-end manufacturing fields such as robots and industrial automation. The company has established good long-term strategic cooperative relationships with many well-known robot manufacturers at home and abroad. Its main customers include Estun Automation (002747.SZ), EFORT (688165.SH), CROBOTP, Qianjiang Robot under Aishida Co.,Ltd. (002403.SZ), Shanghai STEP Electric Corporation (002527.SZ), Inovance Technology (300124.SZ), SIASUN Robot & Automation (300024.SZ), Hangzhou Kaierda Welding Robot (688255.SH), Guangzhou CNC, Wuhan Huazhong Numerical Control (300161.SZ), and a group of well-known brand manufacturers and listed companies, and it has achieved supply to international robot companies. The product composition of the company's main business revenue is as follows: In terms of financials, in 2023, 2024, and 2025, the company achieved operating revenue of approximately RMB 309 million, RMB 341 million, and RMB 438 million, respectively; during the same periods, the company achieved net profit of RMB 76.2629 million, RMB 60.7645 million, and RMB 93.7665 million, respectively.