ROBOTPHOENIX, also known as Zhejiang Yifei Intelligent Technology Co., Ltd., is scheduled to commence trading on the Hong Kong Stock Exchange tomorrow. The company's stock code is 06871.

The final offer price has been set at HK$30.5 per share. Through the issuance of 24.6 million shares, the total gross proceeds raised amount to approximately HK$750 million. After deducting underwriting commissions and other listing expenses totaling HK$77.4 million, the net proceeds from the offering are approximately HK$673 million. Notably, this IPO did not involve any cornerstone investors.

ROBOTPHOENIX operates as an industrial robotics enterprise. Its business focuses on the design, research and development, manufacturing, and commercialization of industrial robots. The company provides comprehensive robotics solutions and has established a strong presence in applications for the light industrial sector.

According to its prospectus, the company's financial performance for the years 2023, 2024, and 2025 is as follows: - Revenue was RMB 200 million, RMB 268 million, and RMB 387 million, respectively. - Gross profit was RMB 36.87 million, RMB 71.02 million, and RMB 96.20 million, respectively. - Gross profit margin was 18.3%, 26.5%, and 24.8%, respectively.

The company reported net losses of RMB 110 million, RMB 71.5 million, and RMB 153 million for 2023, 2024, and 2025, respectively. This resulted in net loss margins of -55.0%, -26.7%, and -39.5% for the respective periods.

Following the IPO, the shareholding structure will be as follows: - Zhang Sai will hold a direct stake of 10.05%. - Shareholdings by Shaoxing Ziqiu, Shaoxing Yuzhang, and Shaoxing Zhiqiu will be 7.88%, 2.45%, and 2.17%, respectively. Collectively, these four parties will hold 22.55%. - Other significant shareholders include Yuhuan Guotou (8.71%), Broadband Chengbo (7.81%), Shanghai Fengrui (5.79%), Yuhuan Investment (5.72%), Tsinghua Holdings Ginkgo (4.63%), Jiaxing Runze (3.71%), Ivy Capital Innovation (3.29%), Jasic Robot (2.3%), Feitu Xinyuan (2.09%), and Ivory One (1.94%). - Additional shareholders are ChinaEquity Chenxin (1.77%), Fengchi Dianche (1.41%), Si Shaohua (1.39%), Chongtian Zhineng (1.36%), Ivy Capital Venture (1.32%), Beginner's Heart (1.27%), Jianhu Yuehu (1.25%), Shanghai Qingwang (1.24%), Guoke Yingfeng (1.1%), and Yuandu Growth (1.04%). - The remaining shares, totaling 10.04%, are held by various other parties including Smart Beauty (0.98%), Ms. Wu Xingtao (0.96%), and others, as part of the global offering.