According to the Zhitong Finance App, Yiwei Technology (02065) will raise shares from October 31, 2026 to November 9, 2026. It plans to sell 71.687 million H shares globally. The Hong Kong public sale accounts for 5% (can be redistributed) and the international sale accounts for 95% (can be redistributed). The sale price per share is HK$9.27 to HK$11.58, with 500 shares per lot. It is expected that H shares will start trading on the Stock Exchange at 9:00 a.m. on November 12, 2026 (Thursday).
In addition, the company has signed a Cornerstone Investment Agreement with Digital Horizon and Guangpu Hong Kong, and Cornerstone investors have agreed to subscribe for shares for sale totaling HK$99 million.
Assuming that the sale price is HK$10.43 per share, with a net global offering of about HK$673 million, 70% will be used to strengthen the company's advantages in software, hardware and robot-specific AI SoCs, and focus on physical intelligence, advanced perception and execution to consolidate and expand the company's technological leadership; 10% will be used to establish broader, higher quality and more continuous customer cooperation and build a prosperous developer ecosystem to build a sustainable growth flywheel; 10% will be used for strategic investments and acquisitions with synergetic effects as an important complement to endogenous growth and accelerate the implementation of a platform-based ecosystem Layout; 10% will be used for working capital and general corporate purposes.
According to reports, 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. According to Frost & Sullivan, in terms of revenue in 2025, the company ranked third among intelligent mobile robot solution providers, 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%, ranking 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.
From 2023 to 2025, the company achieved revenue of approximately $206 million, $286 million and $407 million respectively, with losses of approximately $113 million, $98.888 million and $155 million respectively. With the first four months of 2026, it achieved revenue of about 130 million yuan and a loss of 667.37 million yuan.