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New Share IPO | Guangdong Huayan Robotics Passes Listing Hearing
Guangdong Huanyan Robotics is listed for a hearing at the Hong Kong Stock Exchange, planning to list on the Main Board of Hong Kong. Joint sponsors are China International Capital Corporation and Deutsche Bank.
According to the post-hearing data, Huanyan is a collaborative robot company engaged in the research, development, production, and sales of collaborative robots and core motion components for industrial automation applications. The company’s product portfolio can meet the needs of various industries, including 3C electronics, automotive, medical, metal processing, logistics, and other sectors requiring automation, as well as industries demanding humanoid robots and precision motion components.
The company reported revenue of 281 million yuan (RMB) for the nine months ended last year, an increase of 36.2% year-on-year; adjusted net profit was 24.45 million yuan, a 1.71-fold increase year-on-year.