New Stock News | Csg Smart Science & technology (300222.SZ) files with the Hong Kong Stock Exchange again, ranking first in China by cumulative revenue from industrial robotic arms.

According to a disclosure by the Hong Kong Stock Exchange on October 22, Csg Smart Science & technology Co., Ltd. (referred to as: Csg Smart Science & technology) submitted an application for listing to the Main Board of the Hong Kong Stock Exchange, with Huatai International and Guoyuan International as joint sponsors. The company had previously filed with the Hong Kong Stock Exchange on January 19, 2026. Company Overview According to the prospectus, based on information from Frost & Sullivan, the company is a large Chinese technology enterprise driven by two wheels: (i) power equipment and energy storage and (ii) Siasun Robot&Automation. It is committed to integrating advanced technologies under the new power system, promoting the digital upgrade of China's energy system, accelerating the digital transformation of industrial manufacturing, and establishing smart microgrids in the energy and industrial sectors. The company's core business includes the design, manufacture, and sale of industrial equipment and system-based solutions, including power distribution and consumption equipment, energy storage systems, and industrial Siasun Robot&Automation, which together account for the vast majority of the group's revenue during the track record period. Specifically, the company mainly operates the following two major business segments: Power Equipment and Energy Storage: Since its establishment in 2002, it has been deeply engaged in China's smart power distribution and consumption sector. According to Frost & Sullivan, it is one of the earliest domestic enterprises to enter the field of power distribution and consumption automation, and its products and solutions have been deployed and applied in the power grids of 31 provincial-level administrative regions across the country. The company's main products include primary and secondary fusion circuit breakers, ring main units, feeder terminal units ("FTU"), distribution terminal units ("DTU"), and low-voltage station area and electricity consumption information collection systems, among others. It has provided products and solutions to China's largest state-owned power grid company for more than 20 years. According to Frost & Sullivan, based on 2025 national revenue, it ranks second in the primary and secondary fusion circuit breaker market, sixth in the ring main unit market, second in the FTU market, and fourth in the DTU market. In addition, the company continues to explore advanced technologies and successfully applied quantum encryption technology to smart switch products in customer grid projects in 2023. It uses quantum keys to encrypt remote control commands and status data, achieving highly secure communication and control. This technology is still in the small-scale pilot application stage. At the same time, the company has expanded into the commercial and industrial energy storage business. According to Frost & Sullivan, in 2025, its commercial and industrial energy storage system shipments ranked among the top ten in China. Specifically, in high-energy-consumption sub-sectors, its commercial and industrial energy storage system shipments ranked among the top three in China in 2025. With continuous investment in power electronics technology and a deep understanding of power grids, it has successfully developed a grid-friendly grid-forming energy storage system. This system can actively support grid voltage and frequency, enhancing stability in scenarios with high renewable energy penetration or weak grids. Related products have completed engineering prototype development and have been delivered and put into operation in multiple microgrid projects. By integrating advanced technologies, it also builds power trading and smart microgrid management systems for high-energy-consumption users in industries such as steel, non-ferrous metals, and petroleum, supporting their participation in the power trading market and virtual power plant aggregation operations, thereby improving energy utilization efficiency and the digitalization level of asset operations. Currently, this system is being piloted at a small number of customer sites and has not yet generated large-scale revenue. Siasun Robot&Automation: With more than twenty years of deep accumulation in the industrial Siasun Robot&Automation field, the company can currently provide products and solutions including industrial manipulators, stackers, and inspection Siasun Robot&Automation to power grid enterprises and large industrial customers. According to Frost & Sullivan, it is one of the industrial Siasun Robot&Automation manufacturers with both advanced technology and large-scale, multi-scenario implementation capabilities. According to the same source, from 2020 to 2025, its cumulative revenue from industrial manipulators ranked first in China; from 2020 to 2025, its cumulative revenue from storage and retrieval stackers ("SRM stackers") ranked first in China's lithium battery industry. In recent years, by integrating advanced visual recognition and decision-making algorithms, it has continued to improve the operational accuracy and efficiency of its Siasun Robot&Automation products and solutions in complex working environments. As of the latest practicable date, it has delivered thousands of projects in fields such as new energy, automobiles, construction machinery, and rail transit, thereby accumulating valuable experience and expertise across multiple industries, which will enable it to empower more industries and scenarios in the future. Financial Information Revenue: For the years 2023, 2024, 2025, and the six months ended June 30, 2026, Csg Smart Science & technology achieved revenue of approximately RMB 3.025 billion, RMB 2.687 billion, RMB 3.015 billion, and RMB 1.524 billion, respectively. Gross profit: For the years 2023, 2024, 2025, and the six months ended June 30, 2026, the company's gross profit was approximately RMB 628 million, RMB 640 million, RMB 666 million, and RMB 379 million, respectively. Profit: For the years 2023, 2024, 2025, and the six months ended June 30, 2026, Csg Smart Science & technology achieved profits of approximately RMB -171 million, RMB 61.568 million, RMB 85.665 million, and RMB 111 million, respectively. Industry Overview From 2021 to 2025, the market size of CHINA POWER equipment and energy storage expanded from RMB 313.3 billion to RMB 446.9 billion, with a CAGR of 9.3%. All major segments recorded varying degrees of growth, with the source side increasing from RMB 115.2 billion to RMB 158.9 billion, the grid side from RMB 108.5 billion to RMB 141.8 billion, the load side from RMB 58.9 billion to RMB 72.4 billion, and the storage side significantly expanding from RMB 30.7 billion to RMB 73.8 billion. The market size is expected to reach RMB 727.6 billion by 2030, with a CAGR of 10.2% from 2025 to 2030. All segments are expected to continue expanding, with the source side expected to reach RMB 250.6 billion, the grid side RMB 214.8 billion, the load side RMB 101.8 billion, and the storage side RMB 160.4 billion. A primary and secondary fusion circuit breaker is a medium-voltage switchgear that integrates breaking, protection, monitoring, and communication functions into a single device, enabling automated switch control, digital operation, and intelligent control of smart distribution systems. The market size of primary and secondary fusion circuit breakers expanded steadily during the historical period. In China, its market size increased from RMB 9.6 billion in 2021 to RMB 13.8 billion in 2025, while the global market size rose from RMB 34.2 billion to RMB 47.8 billion over the same period. Growth from 2021 to 2025 was mainly driven by accelerated automation upgrades of distribution networks and broader adoption of integrated protection devices in new projects. Looking ahead, the market size of primary and secondary fusion circuit breakers in China and globally is expected to reach RMB 22.3 billion and RMB 73.8 billion, respectively, by 2030. From 2021 to 2025, the industrial Siasun Robot&Automation industry achieved rapid growth in both the Chinese and global markets. The Chinese market size grew from RMB 56.8 billion in 2021 to RMB 96.5 billion in 2025, with a CAGR of 14.2%. Over the same period, the global industrial Siasun Robot&Automation market size grew from RMB 118.5 billion to RMB 196.3 billion, with a CAGR of 13.4%. Looking ahead, it is expected that by 2030, the market size of China's industrial Siasun Robot&Automation industry will reach RMB 196.7 billion, with a CAGR of 15.3% from 2025 to 2030. Over the same period, the global market size is expected to grow to RMB 387.0 billion, with a CAGR of 14.5%. Demand for the group's power equipment and energy storage solutions mainly comes from (i) grid operators, whose medium- and long-term investments in grid automation and digitalization provide relatively high demand visibility; (ii) renewable energy operators, driven by increasing renewable energy penetration and energy storage deployment; and (iii) commercial and industrial users, driven by demand for energy efficiency, power management, and distributed energy applications. Although demand may be affected by policy direction, macroeconomic conditions, and investment cycles, the long-term trends of energy transition, electrification, and grid digitalization continue to support demand from these customer groups. Board of Directors Information The board of directors consists of 7 directors, including 3 executive directors, 1 non-executive director, and 3 independent non-executive directors. Shareholding Structure As of October 12, 2026, Dr. Huang, an executive director and chairman of the board, directly held 170,875,862 A shares, representing approximately 21.84% of the company's issued share capital. Intermediary Team Joint Sponsors: Huatai Financial Holdings (Hong Kong) Limited, Guoyuan Financing (Hong Kong) Limited Company's Legal Advisors: As to Hong Kong law: JunHe Law Offices; as to PRC law: Beijing Hairun Tianrui Law Firm Sponsors' Legal Advisors: As to Hong Kong law: Jia Yuan Law Offices; as to PRC law: Jia Yuan Law Offices Reporting Accountant and Independent Auditor: Rongcheng (Hong Kong) Certified Public Accountants Limited Industry Consultant: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch Compliance Advisor: Guoyuan Financing (Hong Kong) Limited