According to data from China Mobile Robot Industry Alliance (CMRA) and New Strategy Mobile Robot Industry Research Institute (NSRI), as of February 26, 2026, over 30 robot-related companies were attempting to list on the Stock Exchange of Hong Kong (HKEX). Of these, 5 have successfully listed, 1 is currently in the listing hearing stage, and the remaining companies are scattered across different stages such as filing for listing and filing feedback.
Mobile robot (industrial sector) companies: Companies producing industrial-grade mobile robots, such as AGVs, AMRs, and composite robots, constitute the majority of this wave of HKEX IPO applicants, totaling approximately 11 companies.
Logistics integrators: Logistics integrators, whose core products are intelligent logistics system delivery, typically treat mobile robots as an integral part of their overall solutions, rather than a sole source of revenue. Typical companies include Lead and ZENDING, with Lead having already listed in February 2026.
Service robot (commercial service sector) companies: Among this round of HKEX IPO applicants, there are 8 service robot companies. Represented by companies like LEDROBOT and Roborock, these companies cover multiple application scenarios including delivery, cleaning, hotel services, and yard robots. Among them, Fibocom, OneRobotics, and Yunji Technology have successfully listed on HKEX, while RECONOVA’s listing has lapsed.
Cobot companies: Four companies in the cobot sector are included in this round of HKEX IPOs, but none have yet successfully listed, lagging significantly behind the industrial mobile robot and service robot sectors.
Industrial robot companies: Industrial robot manufacturers are also among those rushing to list on HKEX, including Estun, Topstar, and Atom Robot.
Others: This category covers multiple sub-scenarios such as charging robots, specialized pipeline robots, embodied intelligent robots, and inspection robots. Not only are the businesses of these companies highly heterogeneous, but each sub-scenarios also has its own characteristics and is relatively fragmented. Currently, three related companies are aiming for HKEX IPOs, with Zhida Technology already listed.
Humanoid Robots Poised for Takeoff: Although no humanoid robot companies have yet submitted IPO prospectuses, at least six leading companies, including Unitree, Leju Robot, and Deep Robotics, have completed shareholding reforms or initiated pre-IPO counseling, and are expected to enter the substantive filing stage in 2026.
Conclusion:
The sound of the IPO gong is not the end, but the beginning of even more rigorous stress testing. When the fervor subsides, only companies that truly possess the value of cost reduction and efficiency improvement and the ability to generate their own revenue will be able to sail into the vast ocean with the help of capital.
