On May 8, Zhejiang Yifei Intelligent Technology Co., Ltd. (referred to as “Yifei Technology”) announced the launch of its global offering, which will take place from May 8 to May 13. According to the announcement, Yifei Technology plans to issue a total of 24.6 million H-shares globally, with 1.23 million shares available for sale in Hong Kong and 23.37 million shares for international sale. The offering price is set at HKD 30.50 per H-share, and the stock code is 6871. The company is expected to be listed on the Hong Kong Stock Exchange on May 18, 2026, with Agricultural Bank of China International acting as the sole sponsor.
Building a Comprehensive Technology Barrier in Light Industrial Robotics
Founded in 2012 by Tsinghua University PhD Zhang Sai, Yifei Technology is recognized as a national-level specialized and innovative “little giant” enterprise. The company focuses on the research, development, manufacturing, and commercialization of industrial robots, concentrating on the core field of light industrial automation. Yifei Technology has established a comprehensive technology framework built around four core functions: “brain, eyes, hands, and feet.” This includes independently developed control and vision systems, precision mechanical bodies, and autonomous mobile platforms, enabling intelligent decision-making, environmental perception, precise control, and autonomous collaboration, thereby breaking the technological monopoly of foreign giants.
In terms of product offerings, Yifei Technology has created a five-product core matrix: the Bat series parallel robots, Python series SCARA robots, Mantis series six-axis robots, Camel series mobile robots, and Lobster series wafer handling robots. These products cater to a wide range of automation needs, including loading and unloading, sorting, packaging, visual inspection, and semiconductor wafer handling. They are extensively used in sectors such as consumer electronics, new energy vehicles, healthcare, fast-moving consumer goods, and semiconductors. Notable clients include industry leaders like BYD, CATL, and SMIC, with products exported to 25 countries and regions, including Southeast Asia, Europe, and North America.
On the research and development front, the company boasts a team of 229 R&D personnel, accounting for 36.4% of its total workforce, with an average industry experience of nine years. Yifei Technology has accumulated 284 authorized patents and 99 software copyrights. In 2025, the company’s R&D expenditure reached approximately 70.79 million yuan, making up 18.3% of its revenue. This significant investment has driven continuous technological iterations, with the Bat series parallel robots achieving a 20,000-hour no-failure operation certification, and the Lobster series wafer handling robots meeting ISO Class 1 cleanliness standards, gaining certification from TÜV Rheinland of Germany, which has recognized its technical strength globally.
High Growth Performance Validates Strength and Ongoing Market Benefits
Benefiting from the accelerated transformation towards light industrial automation, Yifei Technology has experienced rapid growth in recent years, showcasing remarkable resilience. According to the prospectus, the company’s revenue is projected to increase from 201 million yuan in 2023 to 387 million yuan in 2025, representing a compound annual growth rate (CAGR) of 38.8%. In 2025, the revenue is expected to grow by 44.5% year-on-year, significantly surpassing the industry average, demonstrating strong growth momentum. During the same period, the revenue proportion from the core robotics business increased from 12.8% to 31.9%, indicating continuous optimization of the revenue structure and enhanced competitiveness of its self-developed products.
Currently, the light industrial robotics sector is entering a golden development phase. According to a report by Frost & Sullivan, the market size for light industrial robots in China and the solutions market is expected to grow at a compound annual growth rate of 17.0% and 20.2%, respectively, from 2026 to 2030. It is anticipated that by 2030, the market size will reach 53.1 billion yuan and 212.6 billion yuan, respectively, indicating vast potential in this sector. Based on 2025 revenue, Yifei Technology ranks fourth among suppliers of light industrial robots and solutions in China, being one of the few companies capable of large-scale delivery across all categories of industrial robots.
Yifei Technology has stated that this global offering on the Hong Kong Stock Exchange marks a significant milestone in its development journey, indicating the company’s official entry into a new phase of international capital growth. This listing will establish a solid capital and industrial foundation for the company’s long-term development.
At the offering price of HKD 30.50 per share, Yifei Technology is expected to raise approximately HKD 673 million from the global offering. The funds will mainly be allocated towards upgrading technology R&D, building capacity bases, expanding into overseas markets, investing in the supply chain, and replenishing working capital, which will further enhance its competitive edge across the entire value chain and strengthen its industry-leading position.
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