Excelland Robotics (Wuxi) passes HKEX hearing, plans listing under Chapter 18C with Yin Feng Group as sole sponsor

NewTimeSpace News: On 24 August 2026, Excelland Robotics (Wuxi) Co. Ltd. passed the listing hearing of the Stock Exchange of Hong Kong, with Yin Feng Group acting as sole sponsor. The Company is a technology-driven company that commercializes its technologies under Chapter 18C of the Listing Rules in two principal industry sectors: the robotics and automation sector, through commercial service robot products, robot modules, and robotics-as-a-service (RaaS) and leasing arrangements; and the new-generation information technology sector, through industry application AI vision model solutions. Both business lines are supported by a shared comprehensive technology framework independently developed by the Company.

In terms of core technologies, the Company has established a comprehensive technology framework covering vision models, robot decision-making and planning, multi-sensor fusion, positioning and navigation, chassis and motion control, cloud-based vision-language models (VLM) and a cloud data closed-loop platform, operating under a cloud-edge collaborative architecture — edge systems perform real-time functions such as visual perception, positioning and navigation and motion control, while cloud infrastructure supports data management, model training and optimization and task coordination.

In terms of business model, the Company generates revenue through sales of robot products and modules, AI vision model solutions for industry applications, RaaS and leasing arrangements. Robot products are sold through direct sales and distributors, with direct sales accounting for 95.7%, 93.6%, 87.6%, 90.0% and 83.2% of total revenue in fiscal 2023, fiscal 2024, fiscal 2025, the three months of 2025 and the three months of 2026 respectively. The RaaS model mainly involves the Youxiaogu cleaning robots and Youxiaoge delivery robots, with delivery services charged per completed order and cleaning services charged based on deployment time or working hours; industry application AI vision model solutions are mainly provided through the Youxiaoyun platform.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.