Chinese industrial robotics company Atomrobot has filed for a Hong Kong IPO, reporting 72.5% revenue growth and claiming the No. 1 position in China's parallel robot market with 12.3% market share.
Tianjin-based Atomrobot Co., Ltd. has formally filed for an initial public offering on the Hong Kong Stock Exchange, seeking a listing under the HKEX Chapter 18C framework designed for specialist technology companies. The company, founded in 2013, has positioned itself as a leader in high-speed industrial robots capable of micron-level precision and millisecond-level cycle times, with parallel robots as its flagship product line.
According to market research firm Frost & Sullivan, Atomrobot ranked first among all parallel robot manufacturers in China by unit shipments in 2024, capturing approximately 12.3% of the domestic market. The company also claimed the second position globally with a 4.8% market share. Domestically, Atomrobot has led the parallel robot segment for five consecutive years since 2020, and since 2023 has overtaken foreign competitors to rank first overall for two consecutive years.
Atomrobot's products are deployed across more than 1,000 application scenarios spanning food and beverage, consumer goods, and pharmaceuticals, while expanding rapidly into new energy, consumer electronics, and automotive manufacturing. The company has accelerated its overseas growth, with products now sold in over 30 countries and regions.
Financially, the company has demonstrated strong growth momentum. Revenue increased from RMB 93 million (approximately $12.9 million USD) in 2023 to RMB 135 million (approximately $18.7 million USD) in 2024, and reached RMB 157 million (approximately $21.8 million USD) in the first three quarters of 2025, representing a 72.5% year-on-year increase. Gross margin improved significantly from 17.0% in 2023 to 28.9% by Q3 2025, with the company achieving profitability over the same period, posting an adjusted net profit of RMB 3.6 million (approximately $0.5 million USD).
Atomrobot has completed multiple funding rounds since inception and entered the IPO with a pre-listing valuation of approximately RMB 2.5 billion (approximately $347.2 million USD). Its cornerstone institutional backers include Shenzhen Capital Group, Guozhong Capital, Lenovo Capital, and Haier Capital.
The company's IPO filing comes at a time when China's industrial automation sector is experiencing significant growth, driven by manufacturing upgrading initiatives and increasing labor costs. Parallel robots, also known as delta robots, are particularly valued in high-speed pick-and-place operations, packaging, and assembly applications where speed and precision are critical.
Atomrobot's success in capturing the domestic market leadership position reflects the growing competitiveness of Chinese robotics companies in the global industrial automation landscape. The company's ability to achieve profitability while maintaining high growth rates suggests a maturing business model in a sector that has historically been dominated by Japanese and European manufacturers.
The Hong Kong IPO will provide Atomrobot with additional capital to fund its expansion plans, including further development of its product portfolio, international market penetration, and potential acquisitions to strengthen its technological capabilities. The company's strong financial performance and market position make it an attractive investment proposition in the rapidly growing industrial robotics sector.
The filing under Chapter 18C rules indicates that Atomrobot meets the criteria for specialist technology companies, which typically require evidence of innovative technology, strong intellectual property portfolios, and significant growth potential. This regulatory pathway has been designed to attract high-quality technology companies to list in Hong Kong, competing with other Asian financial centers for technology IPOs.
Industry analysts note that Atomrobot's achievement in reaching profitability while scaling rapidly is particularly noteworthy in the capital-intensive robotics industry, where many companies require years of investment before generating positive cash flow. The company's improving gross margins suggest increasing operational efficiency and potentially stronger pricing power as it consolidates its market position.
As manufacturing continues to evolve toward greater automation and flexibility, companies like Atomrobot that can deliver high-speed, high-precision robotic solutions are well-positioned to benefit from the ongoing industrial transformation across multiple sectors. The successful execution of its IPO could provide the financial foundation for Atomrobot to accelerate its growth trajectory and potentially challenge for the global leadership position in the parallel robot market.
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