On February 13, Shenzhen-based warehouse robotics firm Hai Robotics formally filed for an inventory on the Hong Kong Inventory Alternate.
Based in 2016, the corporate pioneered Automated Case-handling Robots (ACR) for warehouse selecting automation. By income and cargo quantity, Hai Robotics holds over 30% world market share, making it the world's largest ACR options supplier.
In line with its prospectus:
- Income reached RMB 807 million ($112.1M) in 2023, RMB 1.36 billion ($188.9M) in 2024, and RMB 1.263 billion ($175.4M) for the primary 9 months of 2025.
- Internet losses have been RMB 1.009 billion ($140.1M), RMB 1.256 billion ($174.4M), and RMB 589 million ($81.8M), respectively.
- R&D spending totaled RMB 309 million ($42.9M), RMB 334 million ($46.4M), and RMB 258 million ($35.8M).
- Gross margin improved from 16% in 2023 to twenty-eight.9% within the first 9 months of 2025.
The three co-founders — Chen Yuqi, Xu Shengdong, and Fang Bing — have been all born in 1988. Outstanding robotics investor Li Zexiang beforehand served as Chief Advisor. Main shareholders embody 5Y Capital (14.53%) and Sequoia Capital (4.56%).
Hai Robotics has delivered over 1,800 tasks worldwide. Its HaiQ clever administration platform can coordinate as much as 6,000 robots of various sorts at a single web site. As of September 30, 2025, the corporate had signed greater than 800 clients and employed 516 R&D personnel, accounting for almost 36% of its workforce. It has filed 2,394 patent functions globally.
Supply：Robotic Frontiers
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