Estun Automation (002747.SZ) Receives CSRC Approval for Hong Kong IPO

Stock News12-09

On December 9, the China Securities Regulatory Commission (CSRC) issued a filing notice approving Estun Automation Co., Ltd. (002747.SZ) for overseas listing. The company plans to issue up to 176,765,200 ordinary shares for listing on the Hong Kong Stock Exchange.

Estun Automation is a leading Chinese industrial robotics firm. According to Frost & Sullivan data, the company has maintained the top position in shipment volume among domestic enterprises in China's industrial robotics solutions market for multiple consecutive years. Notably, it achieved a historic milestone in Q1 2025 by surpassing foreign brands in domestic industrial robot shipments, becoming the first local player to lead China's industrial robotics solutions market.

Financially, Estun reported revenues of approximately RMB 3.881 billion, RMB 4.652 billion, and RMB 4.009 billion for 2022, 2023, and 2024 respectively. Net profits during the same periods were RMB 184 million, RMB 134 million, and a loss of RMB 818 million respectively.

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