Direct Drive Tech Clears HKEX Listing Hearing: No.1 in China's Consumer Robotic Direct Drive Actuator Modules with 61.1% Share, D1 a World First

NewTimeSpace News: On 17 September 2026, Direct Drive Tech Limited passed the listing hearing for listing on the Main Board of The Stock Exchange of Hong Kong Limited, with CITIC Securities acting as sole sponsor. We are a robotics technology company with direct drive technology as our core capability, primarily engaging in the sales of robotic actuator modules and, to a lesser extent, robots in China. We operate in the PRC consumer robotic actuator module industry, a sub-segment representing 26.3% of the PRC robotic actuator module industry, and in the PRC wheel-legged and PRC dual-wheel-legged robot industry, sub-segments representing less than 1.0% of the PRC robot industry.

According to Frost & Sullivan, by revenue in 2025, we ranked eighth with a market share of 2.4% in the PRC consumer robotic actuator module industry and first with a market share of 61.1% in the PRC consumer robotic direct drive actuator module industry, a sub-segment representing 3.9% of the PRC consumer robotic actuator module industry. By revenue in 2025, we ranked fourth in the PRC wheel-legged robot industry with a market share of 4.7% and second in the PRC dual-wheel-legged robot industry with a market share of 18.6%. Launched in October 2025, the D1 robot is the first fully modular dual-wheel-legged robot commercially introduced in the world. We are also among a limited number of companies in the global robot industry to achieve coordinated control in our wheel-legged robots, which refers to the capability of robots to function as a unified entity.

Although we recorded net losses during the Track Record Period, our profitability profile has significantly improved, with our adjusted net loss margin (non-IFRS measure) narrowing substantially from 349.1% in 2023 to 77.2% in 2024 and further to 15.4% in 2025, and remaining relatively stable at 13.7% and 13.7% in the six months ended 30 June 2025 and 2026, respectively. We expect to continue to incur net losses in the near term as we continue to invest in R&D and commercialisation. We believe our path to sustainable profitability is supported by stable revenue growth, as we plan to expand our product portfolio across household cleaning robots, embodied intelligence robots and selected robot products, with the global consumer robotic actuator module market and the global wheel-legged robot market expected to grow at CAGRs of 15.5% and 106.5%, respectively, from 2026 to 2030; advancing core technologies, with certain selected upgraded products and next-generation motor technologies expected to reach technical validation or mass production in 2026; enhancing customer engagement through earlier participation in customers' product development cycles, broader supply scope where appropriate and overseas business development; and optimising operating efficiency, with four automated production lines added in 2026 and an automation rate of over 50% achieved, and a target of a 15% to 20% reduction in unit material costs through supply chain optimisation, while modular design and technology reuse are expected to improve development efficiency.

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