Industrial robot maker Microintelligence gets CSRC nod for Hong Kong IPO

Industrial robot maker Changzhou Microintelligence Co. Ltd. has completed its filing with the China Securities Regulatory Commission (CSRC) for an overseas listing and the full circulation of its domestic unlisted shares, a required regulatory step for Mainland Chinese companies seeking to list overseas.

According to a notice published by the CSRC last Friday, Microintelligence plans to issue up to 42.87 million overseas-listed ordinary shares on the Hong Kong Stock Exchange. Another 335.48 million domestic unlisted shares held by 37 shareholders are set to be converted into overseas-listed shares for trading in Hong Kong. The notice was issued on Aug. 24, and the company must complete the listing within 12 months.

Founded in 2018, Microintelligence provides embodied intelligent industrial robot (EIIR) products for industrial applications including inspection and assembly. The company first filed for a Hong Kong listing in September 2025, and subsequently updated its listing application in October that year and again in March 2026.

According to its latest listing application, the company’s revenue rose 32.5% in 2025 to 795.5 million yuan, while its net profit fell to 5.07 million yuan from 15.74 million yuan a year earlier. Revenue from its core EIIR products jumped 66.7% to 453.3 million yuan last year, accounting for 57% of total revenue, with a gross margin of 53.5%.

By Lee Shih Ta

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