IPO News | Yiwei Technology is China's largest single-mode robot solution provider through Hong Kong Stock Exchange hearing

The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on September 30, Zhuhai Yiwei Technology Co., Ltd. (abbreviation: Yiwei Technology) passed the Hong Kong Stock Exchange's main board listing hearing, and CITIC Construction Investment International and Guotai Junan International were co-sponsors.

According to the prospectus, the company is a robotics technology platform, mainly engaged in providing intelligent mobile robot solutions, including inertial guidance (a technology that uses built-in motion sensors to enable the position, direction, and speed of a computer robot without relying on external references such as GPS and cameras) robot solutions, single-mode robot solutions, and multi-modal robot solutions.

The company's Amicro intelligent mobile robot technology platform is centered on self-developed robot algorithms and a dedicated SoC (system single chip, an integrated circuit that integrates most or all of the key components of an electronic system onto a single microchip), and is composed of various types of sensors, motion control modules, SDK (software development kit, a set of software development tools in an installable package that can be used to create and develop applications), and a tool chain (software tools for establishing, testing, and deploying programs), etc., enabling the company to surpass the supply of individual components and transform the underlying technology into Application-specific intelligent mobile robot solutions tailored to different use cases.

The company's intelligent mobile robot technology platform has technical advantages in multi-dimensional sensing, autonomous decision-making, and fine control of robots. The sensing domain of the company's technology platform can accurately identify complex information such as environmental layout and obstacle types; the decision domain can dynamically plan optimal paths based on real-time data, and the control domain can achieve smooth movement and accurate operation. Through standardized modules, these core capabilities form a modular technology reuse system with cross-scenario adaptability and low migration costs, enabling the company to quickly replicate and adapt the deep technical heritage accumulated in mature application scenarios to other emerging and high-growth intelligent mobile robot categories and application scenarios.

The company is a proven innovator in the intelligent mobile robotics industry, driving the advancement and commercialization of the industry. According to Frost & Sullivan, the company is the third-largest intelligent mobile robot solution provider in terms of revenue in 2025, with a market share of about 4.2%. It is the largest single-mode robot solution provider in China, with a market share of 2.2%. It ranks third among multi-modal robot solution providers in China, with a market share of 5.9%. In 2025, the company sold more than 3.5 million units of intelligent mobile robot solutions.

Intelligent mobile robots are rapidly expanding into consumer, commercial, and industrial sectors, triggering an urgent need for innovative components and systems. As robots gradually evolve from processing structured pre-set tasks to being able to perform tasks in complex unstructured scenarios (such as home and outdoor), traditional manufacturers face problems such as high costs, long development cycles, and limited adaptability. The company's solutions address these challenges through a core technology platform with modular customization, deeply integrated hardware and software architecture, and tool chain support. By removing performance bottlenecks and speeding up deployment, the company empowers the industry to profit from the commercialization of physical artificial intelligence. In recent years, with the rapid development of the intelligent mobile robot industry, the intelligent mobile robot solution sector has also entered a high growth stage. According to Frost & Sullivan estimates, the market size of China's intelligent mobile robot solutions industry will reach RMB 9.7 billion in 2025 and is expected to grow to RMB 38.1 billion by 2030, with a compound annual growth rate of 31.4%.

On the financial side, in the four months ended April 30 in 2023, 2024, 2025, and 2026, the company achieved revenue of approximately RMB 206 million, RMB 286 million, RMB 407 million, and RMB 130 million, respectively; during the same period, the year/period losses were approximately RMB 113 million, RMB 98.58,000, RMB 155 million, and RMB 667.37 million, respectively.