The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on July 27, Standard Robotics (Wuxi) Co., Ltd. (Standard Robot for short) submitted a listing application to the main board of the Hong Kong Stock Exchange for the third time, with CITIC Securities and Cathay Pacific Haitong as co-sponsors.
Company profile
According to the prospectus, the company 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 one-stop robot solutions integrating technology platforms, intelligent robots and intelligent collaborative systems.
According to Insight Consulting, based on sales volume in 2025, the company is the fourth largest industrial intelligent mobile robot solution provider in China, with a market share of 4.0%. As of the last practical date (July 23, 2026), the company's solutions have been approved and adopted by more than 400 customers around the world, many of whom are leading companies in their respective fields. According to Insight Consulting, in terms of shipments in 2025, the company is one of the largest industrial intelligent mobile robot solution providers in several high-tech industries: second in the computer, communications and consumer electronics (3C) sector (4.1% market share), third in the automotive sector (4.1% market share), and fifth in the semiconductor field (0.9% market share).
According to Insight Consulting, the company 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. According to Insight Consulting, the company has become one of the first companies to release 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. According to Insight Consulting, the company is one of the first companies in China to implement a world model and group intelligence for industrial robot systems.
The company's core robotics platform includes a core controller, operating system SROS and algorithms, making the company's robots individually intelligent. The company's self-developed operating system SROS is a general robot operating system suitable for all types of robots. Its main characteristics include efficient communication mechanisms, heterogeneous processor task scheduling, high real-time performance, and a continuously evolving AI architecture. The company's self-developed algorithms include (i) positioning, navigation, and control algorithms (a high-precision, adaptive, and self-updating multi-sensor information fusion positioning system) and (ii) sensing and control algorithms, which have achieved closed-loop intelligence from understanding instructions to execution of actions. The company uses technology to inject individual intelligence into its robots, enabling them to think, adapt, and perform tasks independently. With years of experience in developing and delivering industrial intelligent robot solutions, the company has established full-stack robot system engineering capabilities, enabling the company to design the company's robots in a cost-effective and efficient manner. The company's RoboVerse system is based on a self-developed industrial scene-oriented world model and large-scale multi-robot coordination technology. Industrial scenario-oriented world model technology integrates AI-driven modeling and prediction capabilities to enhance the robot's environmental perception and decision-making. Large-scale multi-robot coordination technology enables efficient collaboration between robots to solve efficiency bottlenecks and complex task allocation. The company's robots are based on such technology, have collaborative intelligence, and can seamlessly adapt to various industrial scenarios without modification.
Financial data
Earnings
For the four months ended April 30 in 2023, 2024, 2025, and 2026, the company achieved revenue of approximately RMB 162 million, RMB 251 million, RMB 301 million, and RMB 107 million, respectively.
loss
For the four months ended April 30 in 2023, 2024, 2025, and 2026, the company lost approximately 100 million yuan, 45.144 million yuan, 202 million yuan, and 61.835 million yuan respectively.
Industry Overview
According to the “White Paper on the Development of the Intelligent Robotics Technology Industry (2023)”, an intelligent robot refers to a robot that uses AI, machine learning, and computer vision to simulate human cognition and physical coordination, thereby showing intelligent behavior. In terms of sales revenue, the global market size of intelligent robot solutions increased from RMB 130.2 billion in 2021 to RMB 307.4 billion in 2025, with a compound annual growth rate of 24.0% from 2021 to 2025, and is expected to reach RMB 850 billion in 2030, with a compound annual growth rate of 24.6% from 2026 to 2030. Industrial intelligent robots mainly include intelligent mobile robots and intelligent collaborative robots. Such robots are increasingly used in manufacturing environments to perform tasks automatically. Based on market positioning and technical characteristics, industrial intelligent robots are fundamentally different from other intelligent robot categories (such as commercial service robots, warehousing and logistics robots, and educational robots) in terms of application scenarios and product design. As a result, industrial intelligent robots coexist mutually exclusive with other categories. Industrial intelligent robot solutions are mainly used in manufacturing processes, and their core value is to provide solutions with high accuracy and high reliability. In terms of sales revenue, the global market size of industrial intelligent robot solutions increased from RMB 10 billion in 2021 to RMB 28.6 billion in 2025, with a compound annual growth rate of 29.9% from 2021 to 2025, and is expected to reach RMB 198.5 billion in 2030, with a compound annual growth rate of 48.6% from 2026 to 2030.
The global market for industrial intelligent mobile robot solutions grew from RMB 6.6 billion in 2021 to RMB 21.1 billion in 2025, with a compound annual growth rate of 33.8%. Industrial intelligent robot solutions are gradually becoming a key support for the transformation and upgrading of many enterprises. At the same time, technological progress is like a powerful engine, driving the continuous upgrading of industrial intelligent robot solutions. 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 80.8 billion by 2030, with a compound annual growth rate of 29.6% from 2026 to 2030.
Board Information
Once compiled, 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 three years and are eligible for re-election upon expiration of their term of office.
Shareholding structure
On the last practical date, (a) Mr. Wang can exercise 27.10% of the company's voting rights through (i) 2,829,456 shares directly owned by him; and (ii) 3,161,295 shares owned by Standard Automation (controlled by Mr. Wang as general partner), and (b) Mr. Lee can exercise 3.80% of the company's voting rights through 841,082 shares directly owned by him. According to the concerted action agreement, Mr. Wang (through himself and Standard Automation) and Mr. Lee will jointly own and control 30.90% of the company's voting rights.
Intermediary team
Co-sponsors: CITIC Securities (Hong Kong) Limited, Guotai Junan Finance Co., Ltd.;
Legal advisors: Latham & Watkins Limited Liability Partnership; Han Kun Law Firm; Han Kun Law Firm Limited Liability Partnership;
Legal advisers to the co-sponsors: the nearest law firm, Jingtian Gongcheng Law Firm;
Auditor and reporting accountant: Ernst & Young;
Independent industry consultant: Insight Industry Consulting Co., Ltd.