Foshan's first robotics company, its first day of trading, market capitalization exceeded HKD 10 billion during the session

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Reporter丨Wu Rong

Editor丨Jiang Yun

On March 30, Guangdong Hualong Robot Co., Ltd. (hereinafter referred to as “Hualong Robot”) officially listed on the Hong Kong Stock Exchange. The stock code is 1021.HK. Foshan welcomed “the first robot stock.” After opening on the first day of trading, the share price surged significantly. As of 13:38, the company’s share price was HK$19.80, up 16.47% from the issue price. Its total market capitalization reached HK$10.5 billion, making it another robot-industry target in the Hong Kong stock market that has drawn widespread attention.

This is also the first listed company in Foshan this year, and the 45th listed company in the Shunde District.

Founded in 2017, Hualong Robot in March 2025 relocated to Beijiao, Shunde District, Foshan. It is a national high-tech enterprise and a national-level “little giant” specialized, sophisticated, and innovative enterprise. The company focuses on the research, development, and manufacturing of collaborative robots. In core areas such as servo systems and motion control, it achieves independent R&D, including two major product lines: the E series (for industrial manufacturing, consumer electronics, and healthcare) and the S series (for the automotive and logistics industries). Hualong’s key technologies and strong performance in collaborative robots can be quickly transferred to the humanoid robot field, and it has already been recognized by multiple leading humanoid robot companies, providing it with joint module products.

Notably, based on 2024 revenue, Hualong Robot has become China’s second-largest and among the world’s top five collaborative robot manufacturers. It is also the company with the fastest revenue growth rate among the world’s five collaborative robot enterprises. In the same period, the company’s overseas revenue share reached 50.2%; measured by overseas revenue, it is the largest collaborative robot exporter from China.

On the performance front, Hualong Robot has demonstrated strong growth potential. From 2022 to 2024, the company’s total revenue rose rapidly from RMB109 million to RMB310 million, with a CAGR of 68.4%. In 2024, it achieved net profit of RMB17.87 million, with profitability continuing to improve. Gross margin jumped from 13.7% in 2022 to 34.3% in 2024, and further increased to 37.6% in the first nine months of 2025.

For this Hong Kong stock IPO, Hualong Robot plans to globally offer 80.785 million shares. The offer price has been set at HK$17.00 per share. The company expects to raise approximately HK$1.373 billion in total proceeds from the global offering. The subscription period drew significant market attention; for the public offering portion alone, it recorded 50.59 times oversubscription. Regarding the use of proceeds, approximately 55% will be used to enhance R&D capabilities, about 20% for overseas business development, roughly 15% to upgrade and expand production capacity, and around 10% for working capital and general corporate purposes.

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