Recently, Hangzhou Haikang Robot Co., LTD. (referred to as “Haikang Robot”) GEM IPO has been asked, the sponsor is CITIC Securities Co., LTD., and the sponsor representative is Liu Mengdi and Sun Pengfei.

According to the prospectus, the number of shares issued this time is not more than 240 million and not less than 80 million shares, accounting for not more than 25% and not less than 10% of the total share capital after this issue.

T8111C The company is expected to raise 6 billion yuan, The raised funds will be used for Hikang Robot Intelligent Manufacturing (Tonglu) base project, Hikang robot product industrialization base construction project, a new generation of mobile robot platform technology and product research and development project, a new generation of machine vision perception technology and product research and development project, artificial intelligence technology and industrial software platform research and development project and supplementary working capital.

Hikvision implements “A for A” again

As early as 2016, Hikvision, the leader of the Intelligent Internet of Things, set up a holding subsidiary – Hikvision Robot to expand its territory in robotics

T8111C With the spin-off experience of the “Smart Home Science and Technology Board first share” fluorite network, in June 2022, Hikvision once again implemented “A spin-off A”, intending to change Hikang Robot as a whole into a joint stock limited company, spin-off to the Shenzhen Stock Exchange GEM listing.

At present, Hikvision directly holds 60% of the shares of Hikang Robot and is the controlling shareholder of Hikang Robot. After the completion of the spin-off, Hikvision will still maintain a controlling stake in Hikvision Robots.

On March 1, 2023, Hikang Robot IPO was accepted by Shenzhen Stock Exchange; On the 30th of the same month, the inquiry stage was entered.