The Zhitong Finance App learned that on September 18, the International Cooperation Department of the China Securities Regulatory Commission issued the “Notice on the “Full Circulation” of Overseas Issuance and Domestic Unlisted Shares of Changzhou Weiyi Intelligent Manufacturing Technology Co., Ltd. The company intends to issue no more than 42,867,100 overseas listed common shares and list them on the Hong Kong Stock Exchange. The 37 shareholders of the company intend to convert a total of 335,481,556 domestic unlisted shares into overseas listed shares and list them for circulation on the Hong Kong Stock Exchange.
According to the prospectus, Weiyi Intelligent Manufacturing is a leading industrial embodied intelligent robot (EIIR) products and solutions that are out-of-the-box, highly flexible, and have excellent intelligence levels for customers around the world. The company has served more than 25 of the world's top 500 and leading manufacturers in the international industry. From 2023 to 2025, Weiyi Intelligent Manufacturing's revenue increased from 434 million yuan to 796 million yuan, with a compound growth rate of over 35%, ranking first in the industry. Gross margin increased for three consecutive years, from 42.4% to 48.4%, leading the industry significantly. Against the backdrop of widespread losses across the industry, the company continued to make profits.
In 2025, EIIR products contributed 57.0% of Weiyi Intelligent Manufacturing's revenue (26.3% in 2023) and became the first growth pole. Sales of EIIR products surged from 211 units in 2023 to 623 units in 2025, a compound annual increase of 71.8%. The gross margin of EIIR products has remained above 47.9%, reaching 55.1% in 2024 and 53.5% in 2025, which is the company's main source of profit.