IPO News | Standard Robotics once again submitted to the Hong Kong Stock Exchange as China's top four industrial intelligent mobile robot solution providers

The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on January 4, Standard Robotics (Wuxi) Co., Ltd. (Standard Robot for short) submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Securities and Guotai Junan International as co-sponsors. The company submitted its listing to the Hong Kong Stock Exchange on June 23, 2025.

Company profile

According to the prospectus, Standard Robotics is a leader in industrial intelligent mobile robot solutions and is committed to empowering smart factories in various industrial scenarios. The company is also a pioneer in providing industrial embodied intelligent robot solutions. The company can tailor a one-stop robot solution integrating technology platforms, intelligent robots and intelligent collaborative systems.

According to Insight Consulting, for the year ending December 31, 2024, Standard Robotics is one of the top four industrial intelligent mobile robot solutions providers in China, with a market share of 3.2% in terms of sales volume. The company's high-quality solutions have been recognized and adopted by more than 400 customers around the world, many of whom are leading companies in their respective fields. In terms of shipments in 2024, the company is one of the largest industrial intelligent mobile robot solution providers in several high-tech industries around the world: second in the computer, communications and consumer electronics (3C) sector (2.9% market share), second in the automotive sector (4.7% market share), and fifth in the semiconductor field (1.0% market share).

According to the same data, Standard Robotics is one of the few companies in the industry to independently develop full-stack technology. The company is a pioneer in industrial intelligent robot system engineering and proprietary robot operating systems in China. The company has become one of the first companies to release simultaneous positioning and mapping (SLAM) technology. The company is at the leading level in positioning, navigation, control and sensing and operation technology, giving robots intelligence, efficiency, stability and safety. With the support of world models and multi-robot collaboration technology, robots are capable of group intelligence. Based on leading robotics and artificial intelligence (AI) technology, and with proprietary data obtained from actual industrial scenarios, the company is the first company in China to achieve a world model and group intelligence for industrial robot systems.

With innovative technology, the company provides efficient robot solutions for various industrial scenarios. The company mainly provides customers with tailor-made one-stop robot solutions. Depending on customer needs, the company will also provide customers with robots and related accessories, software and services sold separately. The company's robots are sold separately under the Robotics and Other divisions, or integrated into robotics solutions under the Robotics Solutions division, and they share the same core technology platform.

Financial data

Revenue:

In 2022, 2023, 2024, 2024, and 2025 for the nine months ended September 30, Standard Robotics achieved revenue of 96.275 million yuan, approximately 162 million yuan, approximately 255 million yuan, approximately 157 million yuan, and approximately 1.88 million yuan, respectively 100 million yuan.

Profit:

In 2022, 2023, 2024, 2024, and 2025 for the nine months ended September 30, Standard Robotics lost approximately RMB 128 million, approximately RMB 100 million, RMB 45,144 million, RMB 56.68 million, and RMB 163 million respectively.

Industry Overview

With the continuous advancement of technology and the deepening of applications in industrial scenarios, industrial intelligent mobile robots are developing in the direction of higher intelligence, more flexible deployment, and more large-scale applications, and the importance of industrial intelligent mobile robot solutions is becoming more prominent and rapidly expanding. In terms of sales volume, the global market size of industrial intelligent mobile robot solutions grew from 16,600 units in 2020 to 60,800 units in 2024, with a compound annual growth rate of 38.4% from 2020 to 2024. The market is expected to grow further to 358,600 units in 2029, with a CAGR of 40.0% from 2025 to 2029.

The global market for industrial intelligent mobile robot solutions grew from RMB 5.8 billion in 2020 to RMB 15.3 billion in 2024, with a compound annual growth rate of 27.2%. As more and more enterprises introduce and apply industrial intelligent robot solutions, the global industrial intelligent mobile robot solution market is expected to further grow to RMB 81.4 billion in 2029, with a compound annual growth rate of 37.1% from 2025 to 2029.

China and the Asia-Pacific region are important hubs for global industrial development and one of the main application markets for industrial intelligent mobile robot solutions. The market size of China's industrial intelligent mobile robot solutions grew from 6,400 units in 2020 to 34,500 units in 2024, with a compound annual growth rate of 52.3% from 2020 to 2024. In terms of sales volume of industrial intelligent mobile robot solutions, in 2024, China will account for more than 50% of the global industrial intelligent mobile robot solution market. The market size is expected to further expand to 160,500 units by 2029, with a compound annual growth rate of 33.8% from 2025 to 2029.

Board Information

The board of directors will be composed of seven directors, including three executive directors, one non-executive director and three independent non-executive directors. The Board of Directors is responsible for the management and operation of the Company and has overall authority over it. Directors serve for a term of three years and are eligible for re-election upon expiration of their term of office.

Shareholding structure

Standard Robotics' equity structure is centered on founder Wang Yongkun, and external shareholders include well-known institutions such as Xiaomi Group and Bohua Capital. Specifically: Wang Yongkun directly holds 12.80% of the shares and indirectly controls 14.30% of the shares through the employee shareholding platform Standard Automation. The Xiaomi Group holds 8.40% of the shares through the Beijing Xiaomi Smart Manufacturing Fund. Liangxi Investment, which is associated with Bohua Capital, holds 14.29% of the shares and holds 7.26% of the shares directly, making it the largest institutional shareholder.

Intermediary team

Co-sponsors: CITIC Securities (Hong Kong) Limited, Guotai Junan Finance Co., Ltd.

Our legal advisors: Hong Kong law and US law: Latham & Watkins Limited Liability Partnership; Related Chinese Law: Han Kun Law Firm; US Foreign Investment Rules, Sanctions and Export Control Laws: Han Kun Law Firm Limited Liability Partnership

Co-sponsor Legal Adviser: Hong Kong Legislation: Recent Law Firms; Related to Chinese Law: Jingtian Gongcheng Law Firm

Auditor and reporting accountant: Ernst & Young

Independent Industry Advisor: Insight Industry Consulting Co., Ltd.