Four Chinese firms are raising up to a combined HK$14.35 billion, equivalent to roughly $1.83 billion, through separate Hong Kong listings all scheduled to begin trading on September 29. Automation equipment maker RoboTechnik Intelligent Technology accounts for the largest portion, offering 11.9 million H shares at up to HK$436 each to raise about HK$5.18 billion. Printed circuit board maker Shenzhen Kinwong Electronic is targeting up to HK$5.10 billion in a secondary share sale, materials producer Red Avenue New Materials up to HK$3 billion, and precision motor solutions provider Direct Drive Tech HK$1.08 billion through an initial public offering.
Suzhou-based RoboTechnik, already listed in Shenzhen, produces automation equipment for photovoltaic cell manufacturing and assembly and testing systems for silicon photonics devices used in optical interconnects for data centers and AI infrastructure. According to CIC data cited by the company, it ranked fifth globally in intelligent PV cell automation manufacturing equipment by 2025 revenue with a 2.6 percent market share, and first globally in intelligent silicon photonics manufacturing equipment with a 20.5 percent share. The company reported a net profit of 6.6 million yuan in the first half of 2026, versus a 33.3 million yuan loss a year earlier, with revenue up 144.8 percent to 608.5 million yuan. Shenzhen-listed shares have risen 166 percent year to date, giving it a market capitalization of $15.5 billion. Direct Drive Tech’s IPO adds a second robotics-relevant name to the slate, as precision motors and direct-drive joint modules are core components in humanoid and mobile robotics platforms.
The listings come as Hong Kong’s IPO and secondary listing market strengthens, with deals raising about $45.8 billion so far this year, compared with $24 billion in the same period last year, according to LSEG data. Debuts of AI-related companies have driven much of the volume. Citigroup Global Markets Asia, Futu Securities International, and Huatai Financial Holdings are among the RoboTechnik offering managers.
For the robotics and automation sector, the slate highlights how the public financing environment is broadening beyond humanoid pure plays such as Unitree Robotics, which debuted in Shanghai last month, to include upstream automation equipment and precision component suppliers. Chinese policy support for semiconductor self-sufficiency and continued AI infrastructure buildout are providing tailwinds for domestic suppliers of manufacturing automation, testing systems, and precision motion components, positioning them for larger roles in the global robotics and physical AI supply chain.
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