Shoucheng Holdings Surges Over 8% as Portfolio Robotics Firms Accelerate IPO Processes

Stock News05-19

Shoucheng Holdings (00697) rose over 8%, with gains reaching 8.48% to HK$1.79 by the time of writing, accompanied by a turnover of HK$182 million. On the news front, exchange information on May 18 indicated that Unitree Robotics' application for an initial public offering has entered the review process. Additionally, the IPO review status for Hangzhou Cloud Deep Technology Co., Ltd. on the STAR Market has been updated to 'accepted'. Public information reveals that Shoucheng Holdings, through its managed industry funds, has invested a cumulative total exceeding RMB 2 billion across the broader robotics industry chain. This investment spans over 20 companies, including projects such as Unitree Robotics, Songyan Power, Galaxy General, Cloud Deep, Accelerated Evolution, and Xinghai Tu. CICC previously noted that, according to the annual report, the valuation of the Beijing Robotics Industry Development Investment Fund, in which the company participates in management, had increased approximately fourfold by the end of 2025. The institution suggested continued monitoring of the IPO progress of its portfolio companies, positing it could serve as a positive catalyst for both performance and share price.

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