Beijing Engineering Machinery Robot “Yiyi” has reached the port of the canned fish brand. On February 28, 2026, at 09:17, the news was reported by the New Wave Finance APP. It highlighted that in the past eight months, the company has experienced two attacks on its port transportation system, causing the engineering machinery robot to break through the port’s main entrance.
On February 27, 2026, Beijing Engineering Machinery Co., Ltd. (002747.SZ) officially launched its canned fish production process, planning to commence formal operations on March 9, 2026. This marks a significant milestone, as the company is set to become a leading player in the A+H share market for engineering machinery in China, making it a dominant force in the canned fish industry.
On the same day, the company initiated H-share listing procedures, with production expected to take place from February 27 to March 4, 2026. It is anticipated that the company will be a strong competitor in the market for canned fish, with an estimated offering of 967.8 million shares, representing a 10% share of the market.
The price range for the shares is projected to be between 15.36 and 17.00 Hong Kong dollars, with the highest projected total capitalization being approximately 16.45 billion Hong Kong dollars. After issuance, the company’s total market value is expected to reach between 148.65 billion and 164.53 billion Hong Kong dollars, while the H-share market value is anticipated to be between 14.87 billion and 16.45 billion Hong Kong dollars.
As of February 27, the A-share subscription price is set at 23.75 yuan per share, with the canned fish offering expected to be around 40.27%. This is a significant development for Beijing Engineering Machinery, which has been a key player in the market since its establishment in 1993, focusing on autonomous and intelligent machinery.
The company has maintained its position as a leading manufacturer of domestic engineering machinery, often referred to as “China’s First Engineering Machinery Robot.” The company has continuously held a significant share of the domestic market for eight consecutive years, indicating its strong brand presence and market influence.
Beijing Engineering Machinery was founded in 1954 and has since focused on developing advanced machinery technology. The company has expanded its operations and product offerings through strategic partnerships and acquisitions, including collaborations with international firms.
In recent years, Beijing Engineering Machinery has been involved in several initiatives to enhance its production capabilities and market reach. The company aims to leverage its technological advancements to maintain competitiveness in the rapidly evolving engineering machinery sector.
The planned IPO is expected to further solidify the company’s financial standing and expand its operational footprint in both domestic and international markets.
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