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Robotics Giant Eyes Hong Kong Market
9 Jan
Summary
- Shenzhen Inovance Technology is exploring a second listing in Hong Kong.
- The company manufactures industrial automation solutions, robots, and elevators.
- Inovance reported a 21% revenue increase in Q3 2025, missing estimates.
Shenzhen Inovance Technology, a prominent Chinese industrial robot manufacturer, is reportedly in preliminary discussions regarding a potential second listing in Hong Kong. This strategic consideration places the company among an increasing number of mainland Chinese firms seeking to leverage Hong Kong's robust financial market.
Founded in 2003 and already publicly traded on the Shenzhen Stock Exchange since 2010, Inovance has established itself with a market capitalization of 211 billion yuan ($30 billion). The company's diverse product portfolio includes industrial automation solutions, advanced robots, and elevators, serving various manufacturing sectors.
While details remain preliminary, the potential offering size could range from under 5% to 10% of the company's market value. This move comes as Inovance reported a 21% revenue increase in the third quarter of 2025, although this performance did not meet analyst forecasts. The company's shares have experienced some volatility, down 12% from their October peak but still showing a 29% gain for 2025.
