According to the Stock Exchange of Hong Kong (HKEX) on June 25, Zhejiang Galaxis Technology Group Co., Ltd. (hereinafter referred to as “Galaxis”) submitted an application for listing on the main board of the HKEX, and Guotai Junan International and CITIC Securities are joint sponsors.
Founded in 2016, Galaxis is a logistics robot developer, focusing on the research and development and design of high-end logistics equipment such as automatic robot platforms, industrial robots and intelligent shuttles. Its main products include FLASH intelligent shuttles, LIFT high-speed elevators, FRAME “sprint” shuttles, AGV intelligent guided vehicles, etc.
Since its establishment, Galaxis has received investments from Delta Capital, Jade Capital, Ruihuang Equity, V-Capital Co, Ltd., HUAGAI Capital, China Merchants Group, Industrial Bank, Gaw Capital Partners, Yangtze River Pharmaceutical Group, Jiaxing Technology City Investment and other capitals.
In terms of finance, in 2022, 2023 and 2024, Galaxis achieved revenues of approximately RMB 657 million, RMB 551 million and RMB 721 million, respectively; during the same period, the company achieved gross profits of approximately RMB 103 million, RMB 91.667 million and RMB 114 million, respectively.
The company’s annual loss narrowed from RMB 210 million and RMB 242 million in 2022 and 2023 to RMB 178 million in 2024; its adjusted net loss (non-IFRS measured) decreased from RMB 117 million and RMB 123 million in 2022 and 2023 to RMB 50.5 million in 2024.
The funds raised by Galaxis from HKEX IPO will be used for the following purposes: to advance the company’s core robot product line to strengthen the company’s market position, broaden the company’s solution supply, and strengthen the company’s leadership in the field of on-site logistics robots; to develop the company’s underlying technology and software capabilities to strengthen the company’s technical capabilities and enhance the company’s product performance, enabling the company to provide customers with smarter and more efficient solutions; to expand production capacity and enhance manufacturing capabilities; to execute the company’s global market expansion strategy, which is essential to building the company’s international influence and capturing opportunities in key overseas markets; and to be used as working capital and other general corporate purposes to support the company’s daily operations and overall business growth.
Note:
Logistics Automation Development Strategy & the 7th International Mobile Robot Integration Application Conference Southeast Asia will be held in Concorde Hotel Kuala Lumpur, Malaysia on 21st August 2025. Welcome to join us.
For agenda, please click https://cnmra.com/logistics-automation-development-strategy-the-7th-international-mobile-robot-integration-application-conference-southeast-asia-21st-august-2025-concorde-hotel-kuala-lumpur-malaysia/
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