Jeca Co., Ltd. Science and Technology Innovation Board IPO “terminated” focusing on R&D and promotion of robots and related fields

The Zhitong Finance App learned that on December 19, the IPO review status of the Shanghai Stock Exchange Science and Technology Innovation Board of Jieka Robotics Co., Ltd. (abbreviation: Jeca Co., Ltd.) changed to “terminated”. In accordance with the relevant provisions of Article 63 of the “Shanghai Stock Exchange Stock Issuance and Listing Review Rules”, the Shanghai Stock Exchange decided to terminate the review of its initial public offering of shares and listing on the Science and Technology Innovation Board due to the application for withdrawal of the issuance and listing of Jieka Co., Ltd. and its sponsor Cathay Pacific Haitong.

According to the prospectus, since its establishment in July 2014, Jeca Co., Ltd. has focused on R&D and promotion of robots and related fields, and placed emphasis on product technology innovation. After years of accumulation, the company has built a complete technical system around the core components, machines and applications of collaborative robots, and has formed a core technical advantage.

The main business of Jeca Co., Ltd. is the R&D, production and sale of complete collaborative robot products, and is engaged in robot system integration business including integrated equipment and automated production lines.

In terms of commercialization, the company's complete collaborative robot products have the characteristics of safe collaboration, flexible and easy use, remote interaction, etc., and have good versatility. They can meet the needs of application scenarios in different fields and business formats, and have achieved application breakthroughs in high-end technology scenarios such as “China Sky Eye” (FAST) operation and maintenance, automobile water-cooled plate welding, aero engine/gas turbine blade polishing, aerospace equipment component assembly, semiconductor sealing and testing. Currently, they are widely used in intelligent manufacturing fields such as automotive parts, 3C electronics, semiconductors, precision manufacturing, and new energy. In the field of medical and other consumer services, the service customers include well-known domestic and foreign companies such as Toyota, Dongshan Precision, CRRC, Xingyu Co., Ltd., Lixun Precision, Schneider, Flextronics, Zhiyuan Xinchuang, and Huayu Auto. On the one hand, the company's robot system integration business revolves around the functional application of collaborative robots, developing device-level product forms such as robot workstations and composite robots. On the other hand, it is deeply involved in segmented industry automation services to provide production-level solutions. Long-term cooperative customers include leading companies in the industry such as Xinxiang Chemical Fiber and Wangwang Food.

The company's complete collaborative robot products are divided into various standardized products such as Zu series, Pro series, C series, Mini series, Zu S series, All-in-one integration series, S series, A series, K series, etc., with loads ranging from 1 kg to 30 kg. In 2023, the company sold 4,681 units of collaborative robots. According to IFR statistics, the global sales data was 57,000 units. The company's global market share was about 8.2%, making it the first tier enterprise in the industry.

On the financial side, in 2022, 2023, and 2024, the company achieved operating income of about 281 million yuan, 350 million yuan, and 400 million yuan respectively; in the same period, it recorded net profit of 5.7357 million yuan, -28.547 million yuan, and 6.228 million yuan.