Lenovo and Haier Make Bets as Another Industrial Robot Company Aims for IPO

The wave of industrial robot companies going public remains strong in 2026.

On January 28th, Tianjin Atom Robot Co., Ltd. (hereinafter referred to as "Atom Robot"), a high - speed robot company, submitted its prospectus to the Hong Kong Stock Exchange and plans to list on the main board under Chapter 18C (Listing Rules for Specialist Technology Companies).

In September 2025, the wave of industrial robot companies going public reached a peak: on September 26th, Youi Robotics aimed to be the "first company in the mobile operation robot sector" on the Hong Kong stock market; on September 28th and 29th, Weiyi Intelligence, and Luoshi Robot respectively aimed to be the "first company in the industrial embodied intelligent robot sector" and the "first company in the full - series intelligent robot sector".

Except for Geek+ which listed on the Hong Kong stock market in July 2025, according to incomplete statistics, including the above four companies, more than 10 industrial robot companies, such as Jiazhi Technology, Kanopu Robot, Mekabot Robot, Quicktron, Standard Robots, Lead Robotics, and SEER, have submitted listing applications to the Hong Kong Stock Exchange.

Compared with other industrial robot companies, Atom Robot's product portfolio covers four major series: parallel robots, high - speed SCARA robots, heavy - duty collaborative robots, and embodied intelligent robots. According to a report by Frost & Sullivan, the company has ranked first in the domestic market share of parallel robots among domestic self - owned brands for five consecutive years since 2020.

Relying on this, Atom Robot has naturally attracted multiple rounds of support from many institutions. Guozhong Capital, Shenzhen Capital Group, Lenovo, and Haier are among its shareholders.

7 Rounds of Financing in 10 Years, Valued at 2.5 Billion, Yang Haoyong of Guazi Second - hand Cars Makes a 3327% Profit

In January 2013, Chenxing (Tianjin) Automation Equipment Co., Ltd., the predecessor of Atom Robot, was registered and established. It focused on the R & D of high - speed industrial robots and achieved its first commercialization in the pharmaceutical industry.

Atom Robot was founded by Liu Songtao, aged 38, who holds a master's degree in mechanical engineering and double bachelor's degrees in mechanical design, manufacturing, and automation, and finance. As a senior engineer and the founder of the company, Mr. Liu has more than a decade of experience in the intelligent manufacturing field. He has published many SCI and EI papers, deeply participated in several national and provincial key projects, and contributed more than 100 patents to Atom Robot.

Nearly two and a half years after its establishment, Atom Robot received an 8 - million - yuan angel round of financing. Yang Haoyong, CEO of Chehaoduo Group, founder of Guazi Second - hand Cars and Maodou New Cars, and founding partner of Shanxing Capital, invested 6.6667 million yuan and joined two other individuals as individual investors. Subsequently, in the Pre - A rounds of financing in October 2016 and August 2017, Ningbo Haida invested 17 million yuan, Shenzhen Capital Group invested 3 million yuan, and its affiliated company Hongtu Chuangke invested 7.56 million yuan. Among them, Yang Haoyong recouped 6 million yuan through equity transfer.

In the Series A round of financing starting in January 2019, Professor Wang Tianmiao, honorary director of the Beihang Robotics Research Institute, initiator of the Zhiyou·Yarui Science and Technology Innovation Platform, and dean of the Zhongguancun Zhiyou Research Institute, invested 1.2 million yuan to acquire shares. The Ningbo Yarui under his control invested a total of 8.4 million yuan in Atom Robot, and Beijing Yarui invested 8 million yuan, with a total investment of 17.6 million yuan.

Source: Prospectus of Atom Robot

After that, in the four rounds of financing from April 2021 to October 2025, Atom Robot successively attracted Xinsong Investment, TEDA Haihe Intelligent Manufacturing Fund, Guozhong Capital, Lenovo Fund, Saitian Industrial Development, Yixing Saitian, Qingdao Haichuang under Haier Financial Holdings, and Wuxi Huicui as new shareholders. In the seven rounds of financing over 10 years, Atom Robot received a total investment of 407 million yuan.

Before the IPO, Liu Songtao directly holds 11.11% of the shares of Atom Robot and indirectly controls 9.73%; Song Tao directly holds 9.20%; Ms. Yang Junwen (spouse of Huang Tian) directly holds 3.94%. The three are persons acting in concert, acting in concert with Liu Songtao, and together they hold approximately 33.99% of the shares, being the single largest shareholder group.

Among the leading senior independent investors, Guozhong Capital holds 8.06% of the shares of Atom Robot and is the largest external institutional shareholder; Shenzhen Capital Group follows closely, holding a total of 5.22%; Lenovo holds 4.99%; Haier holds 3.32%.

In addition, senior independent investor TEDA Science and Technology Investment holds 2.90%; Yang Haoyong, as an individual investor, holds 8.90% of the shares of Atom Robot and is the largest external shareholder; Ningbo Haida holds 7.55%; TEDA Haihe Intelligent Manufacturing Fund holds 6.37%; Saitian Industrial Development and Yixing Saitian together hold 6.01%.

Based on the post - investment valuation of 2.5 billion yuan in the Series D round, Yang Haoyong's book value is approximately 222.5 million yuan. Plus the early profit of 6 million yuan, he made a profit of 3327%. Wang Tianmiao directly holds 0.56% and holds 2.32% through Ningbo Yarui and Beijing Yarui, with a total holding of 5.74%. His book value is approximately 143.5 million yuan, making a profit of 715%.

Income Reached 157 million yuan in the First Three Quarters of Last Year, Profit Turned Positive, and Has Entered the Field of Embodied Intelligence

As a high - speed robot company, Atom Robot is committed to the R & D, production, sales, and service of high - speed and high - reliability robots. Its product portfolio covers four major series: parallel robots, high - speed SCARA robots, heavy - duty collaborative robots, and embodied intelligent robots. Based on its rich product line, it provides customers with automated and intelligent solutions.

It is worth mentioning that, driven by the boom in embodied intelligence, Atom Robot launched its embodied intelligent robot product line in 2025. Relying on the company's technological accumulation in parallel robots and its full - chain self - research capabilities, it uses a Stewart parallel waist structure to achieve both high load - bearing capacity and high dexterity. The bionic dual - arms can be adapted to various scenarios from heavy - load handling to precision assembly, and the multi - sensor fusion system ensures the safety of human - robot collaboration. On the company's existing motion control and visual recognition technology platforms, systematic optimization and upgrading have been carried out, and the open - architecture of the products can be expanded with intelligent functions such as AI decision - making.

The prospectus shows that Atom Robot mainly focuses on the automation and intelligence needs of core application scenarios such as high - speed sorting, precision assembly, and precise handling. Its downstream applications widely cover multiple industries such as food and beverage, daily chemicals, pharmaceuticals, new energy, 3C, and automotive.

Specifically, Atom Robot's high - speed robots have been applied in multiple fields. The company ranks first in the domestic market share of parallel robots in the food and beverage, daily chemicals, and pharmaceutical industries. At the same time, the company has achieved fruitful results in exploring new fields. It has now become the largest parallel robot supplier in the domestic new energy industry and continues to expand its business in the 3C and automotive fields to further expand its market coverage.

According to a report by Frost & Sullivan, Atom Robot has ranked first in the domestic market share of parallel robots among domestic self - owned brands for five consecutive years since 2020 and has surpassed foreign brands since 2023, ranking first in the domestic market share among all brands for two consecutive years.

In terms of the shipment volume of robot bodies in 2024, the company ranked first among all parallel robot companies in China, with a market share of approximately 12.3%, and ranked second among global parallel robot companies, with a market share of approximately 4.8%. In terms of the shipment volume of high - speed robots in 2024, the company ranked second in the Chinese high - speed robot market, with a market share of approximately 7.6%, and ranked fifth in the global high - speed robot market, with a market share of approximately 3.0%.

From 2023 to 2024 and the first three quarters of 2025 (hereinafter referred to as the "reporting period"), Atom Robot's revenue from robot bodies was approximately 64.966 million, 89.382 million, and 107 million yuan respectively, accounting for 69.5%, 66.1%, and 68.2% respectively; its revenue from robot solutions was approximately 27.831 million, 44.415 million, and 47.66 million yuan respectively, accounting for 29.8%, 32.8%, and 30.4% respectively; other revenues came from services.

During the reporting period, Atom Robot's revenues were approximately 93.491 million, 135 million, and 157 million yuan respectively; its gross profits were approximately 15.879 million, 30.861 million, and 45.302 million yuan respectively, with gross profit margins of 17.0%, 22.8%, and 28.9% respectively; its net profits were approximately - 39.253 million, - 47.068 million, and 0.938 million yuan respectively, and its adjusted net profits were approximately - 39.253 million, - 36.446 million, and 3.602 million yuan respectively.

Source: Prospectus of Atom Robot

As of the end of September 2025, Atom Robot held approximately 20.605 million yuan in cash and cash equivalents.

In this IPO, Atom Robot plans to use the raised funds for continuous R & D to consolidate and further enhance its leading position in the field of robot technology; build a multi - functional headquarters and increase production capacity; expand overseas business and develop its brand to promote global layout, etc.

This article is from the WeChat public account "Direct Access to IPO", author: Wang Fei, published by 36Kr with authorization.