IPO News | ROBOTCO (300757.SZ) Sees Global No. 1 Revenue from Silicon Light Intelligent Manufacturing Equipment Through the Hong Kong Stock Exchange

The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on September 13, Roboco Intelligent Technology Co., Ltd. (Roboco, 300757.SZ) passed the Hong Kong Stock Exchange's main board listing hearing, and Citibank, Huatai International, and Orient Securities International were co-sponsors.

According to the prospectus, Robotec is a global supplier of manufacturing equipment and systems for the photovoltaic industry and the silicon light industry. The company's photovoltaic manufacturing solutions include: (i) photovoltaic manufacturing equipment, which mainly includes automated equipment for photovoltaic cell production to perform functions such as silicon wafer handling; (ii) a complete production line, where the company integrates its own equipment with equipment purchased from third party suppliers as needed, along with related design, configuration and installation services to provide a complete solution tailored to the customer's specific needs; and (iii) an intelligent manufacturing system, which is a software-centered solution built around the company's proprietary R2Fab MES platform to achieve customers Automated plant operation of production facilities.

Since the company made an initial minority investment in fiCONtec in 2020 and wholly-owned acquisition of fiCONtec in 2025, the company has continued to promote the development of intelligent manufacturing equipment for silicon optical devices. Through ficonTec, the company provides two main product lines: assembly equipment and test equipment. According to consulting data, these products cover the key stages of silicon light assembly and testing.

The company's assembly equipment can accurately position the components of silicon optical devices and fix them together using bonding technology. The scope of application covers independent systems, online systems and optical fiber preparation systems, and can support gradual expansion from the R&D stage to mass production. The company's test equipment can perform electrical, optical and mixed-signal photoelectric testing and characterization of silicon optical devices at the wafer, grain, chip and module levels throughout the silicon optical device manufacturing process.

According to Insight Consulting, in terms of revenue in 2025, the company ranked fifth in the world in the field of automated manufacturing equipment for intelligent photovoltaic cells, with a market share of 2.6%, and ranked first in the world in the field of silicon photovoltaic intelligent manufacturing equipment in terms of revenue in 2025, with a market share of 20.5%.

China is the largest market for intelligent photovoltaic manufacturing equipment, reaching approximately RMB 90.9 billion in 2025. Furthermore, the contribution of emerging markets such as India to future market growth is expected to increase. India's market size is expected to grow from approximately RMB 3.8 billion in 2025 to RMB 5 billion in 2030, with a compound annual growth rate of 5.8%. As local PV manufacturing capacity continues to develop, demand for PV manufacturing equipment in other emerging regions is also expected to increase.

Supported by economies of scale, integrated PV manufacturing supply chains, and a mature domestic equipment ecosystem, equipment prices in China are generally lower, while equipment prices in emerging markets such as India and the US are generally higher, reflecting higher equipment and machine costs, high dependence on imported equipment, and higher project delivery costs. The expansion of PV manufacturing capacity in overseas markets such as India and the US is expected to drive additional demand for PV manufacturing equipment. Among them, India's anticipated increase in PV installed capacity and manufacturing capacity in 2026 will mainly drive equipment sales growth, and relatively high equipment pricing in these markets will provide further opportunities for equipment suppliers.

On the financial side, in the four months ended April 30 in 2023, 2024, 2025, and 2026, the company achieved revenue of approximately 1,570 million yuan, 1,104 million yuan, 949 million yuan, and 199 million yuan respectively. In the same period, it recorded annual/period profit of about 79 million yuan, 63 million yuan, -45 billion yuan, and -75 billion yuan, respectively.