On September 21, the initial public offering review status of Zhejiang HuanDong Robot Joint Technology Co., Ltd. (referred to as HuanDong Technology) on the Shanghai Stock Exchange's STAR Market was officially changed to "terminated." This decision follows the joint withdrawal of the listing application by HuanDong Technology and its sponsor, in accordance with Article 63 of the Shanghai Stock Exchange's Stock Issuance and Listing Review Rules.
According to the prospectus, HuanDong Technology is a nationally recognized high-tech enterprise dedicated to the research, development, design, production, and sale of high-precision reducers for robot joints. The company offers comprehensive high-precision reducer solutions tailored for robots with load capacities ranging from 3 to 1,000 kilograms. Its product portfolio includes RV reducers, precision components, and harmonic reducers, with RV reducers serving as the primary product. These are widely applied in advanced manufacturing sectors such as robotics and industrial automation.
The company has established strong, long-term strategic partnerships with numerous well-known domestic and international robot manufacturers. Key clients include Estun Automation (002747.SZ), EFORT Intelligent Equipment (688165.SH), Ka Nop, Qianjiang Robot under ASD (002403.SZ), STEP Electric Corporation (002527.SZ), Inovance Technology (300124.SZ), SIASUN Robot & Automation (300024.SZ), Keerda (688255.SH), Guangzhou CNC Equipment, and Huazhong Numerical Control (300161.SZ), among other prominent brand manufacturers and listed companies, while also supplying to international robotics firms.
Financially, the company generated revenues of approximately 309 million RMB, 341 million RMB, and 438 million RMB for the fiscal years 2023, 2024, and 2025, respectively. During the same periods, it recorded net profits of 76.26 million RMB, 60.76 million RMB, and 93.77 million RMB, respectively.
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