According to media reports citing informed sources, industrial robot manufacturer Shenzhen Inovance Technology Co.,Ltd. (300124.SZ) is planning a listing in Hong Kong and has selected Bank of America, China International Capital Corporation (CICC), Guotai Junan International, and Morgan Stanley to arrange the related matters. The fundraising size could reach up to $2 billion. The company had announced in January that it was planning a Hong Kong stock listing but did not disclose further details. Sources mentioned that details regarding the Hong Kong listing are still under discussion, and specifics such as the final scale are subject to change. Shenzhen Inovance Technology, CICC, and Guotai Junan International did not respond to requests for comment, while Bank of America and Morgan Stanley declined to comment. Public information shows that Shenzhen Inovance Technology was founded in 2003 and listed on the Shenzhen Stock Exchange in September 2010. The company focuses on automation, digitalization, and intelligence in the industrial sector, specializing in core technologies across the "information layer, control layer, drive layer, execution layer, and sensor layer," and is dedicated to the research, development, production, and sales of industrial automation control products. Shenzhen Inovance Technology has over 30 subsidiaries in locations including Suzhou, Hangzhou, Nanjing, Shanghai, Ningbo, Changchun, and Hong Kong. For the first three quarters of 2025, the company reported revenue of 31.663 billion yuan, a year-on-year increase of 24.67%. Net profit attributable to shareholders of the listed company was 4.254 billion yuan, up 26.84% year-on-year. Net profit attributable to shareholders after deducting non-recurring gains and losses was 3.888 billion yuan, an increase of 24.03% compared to the same period last year. Basic earnings per share were 1.58 yuan.
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