Robot maker Micro-Intelligence seeks up to HK$800m in Hong Kong IPO
Changzhou Micro-Intelligence, China's top industrial-robot maker, launched its Hong Kong IPO on Tuesday to raise up to HK$799.9 million. The firm offers 37.28 million shares at HK$16.63 to HK$21.46 each, with trading expected to start on 28 October. Proceeds will fund R&D.
Changzhou Micro-Intelligence, a leading maker of embodied intelligent industrial robots (EIIRs), launched its Hong Kong initial public offering on Tuesday to raise up to HK$799.9 million. The offer period runs from Tuesday to Friday.
The company is offering 37.28 million shares under the global offering at an indicative price range of HK$16.63 to HK$21.46 per share. Each board lot comprises 100 shares, requiring a minimum investment of HK$2,167.6. Trading is expected to commence on 28 October. Orient Securities (Hong Kong) acts as the sole sponsor.
Micro-Intelligence designs, develops and commercialises industrial robots and smart-manufacturing solutions. It uses self-developed full-stack software-hardware systems to build flexible intelligent-robot products capable of autonomous perception, learning, decision-making and execution of complex industrial tasks. Its three product lines include core EIIR products, artificial intelligence-enabled equipment and modular products.
By 2025 revenue, the company ranked first in China's EIIR market with a 20 per cent market share. It booked total revenue of 795.5 million yuan (HK$934.71 million) in 2025, a 32.5 per cent year-on-year rise. Revenue from its flagship EIIR product line rose 66.7 per cent to 453.3 million yuan, accounting for 57 per cent of total revenue. Net profit for 2025 stood at 5.066 million yuan.
Based on the mid-point of the offer-price range, estimated net IPO proceeds will be about HK$641.5 million, of which 60.3 per cent will be allocated to core-technology research and development.