CSG files for listing on HKEX: power equipment and robotics dual engines

NewTimeSpace News: CSG Smart Science & Technology Co., Ltd. (300222.SZ) has filed for a listing on the Stock Exchange of Hong Kong, according to a disclosure by the HKEX on October 22, with Huatai International and Guoyuan International as joint sponsors. According to Frost & Sullivan, the Company is a major technology enterprise in the PRC driven by the dual engines of power equipment and energy storage and robots, with core business covering the design, manufacture and sale of power distribution and consumption equipment, energy storage systems and industrial robots.

According to the prospectus, the Company has been engaged in the smart power distribution and consumption sector since its inception in 2002, with products and solutions deployed across power grids in 31 provincial administrative regions nationwide, and has served China's largest state-owned power grid company for over two decades. In terms of revenue in the PRC in 2025, it ranked second in the integrated primary-secondary circuit breaker market, sixth in the ring main unit market, second in the FTU market and fourth in the DTU market, while its C&I energy storage system shipment volume ranked among China's top ten and top three in the high-energy-consumption segment.

According to the prospectus, the Company's cumulative revenue from industrial manipulators for 2020 to 2025 ranked first in the PRC, and that of SRM stackers ranked first in China's lithium battery industry, with over a thousand projects delivered across new energy, automotive, engineering machinery and rail transit. Revenue was RMB3,015.1 million in 2025 with profit of RMB85.7 million, and revenue reached RMB1,523.8 million for the six months ended June 30, 2026 with profit of RMB111.2 million.