Nanjing ESTUN Automation Co., Ltd. (02716.HK) officially launched the H-share offering on February 27, 2026, with an offer price range of HK$15.36 to HK$17.00 per share, 200 shares per board lot, and an entry fee of HK$3,434.29. The shares are expected to be listed on the Main Board of the Hong Kong Stock Exchange on March 9, 2026.As a leading enterprise in China’s industrial robot sector, ESTUN has attracted wide market attention for ranking first in industrial robot shipments among domestic manufacturers for consecutive years. In the first half of 2025, the company achieved a historic breakthrough by surpassing foreign brands in industrial robot shipments in the domestic market, becoming the first Chinese robot manufacturer to top China’s market.
Shanghai W-Ibeda High Tech Group Co., Ltd. filed for listing on the Hong Kong Stock Exchange on February 24. As a leading Chinese provider of new energy vehicle powertrain testing solutions, the company operates three business segments: testing services, intelligent driving, and testing equipment. Financial results show sustained revenue growth, while profitability is under short-term pressure due to upfront costs from capacity expansion.
Hangzhou GreenCloud Software Co., Ltd. files for HK IPO backed by Ctrip, serving 37,000 hotels with 16.8% PMS market share. Only profitable player among top 5 peers, yet faces supplier concentration risk. Funds target AI hotel OS R&D.
On February 10, 2026, Shenzhen Zeroth AI Technology Co., Ltd., an AI company founded just over five years ago, formally submitted its listing application to the Hong Kong Stock Exchange, with CMBC Capital as the exclusive sponsor. According to Frost & Sullivan, by revenue in 2024, Zeroth AI has become the fifth-largest provider of enterprise-grade AI agent solutions in China, with a market share of 3.0%. Centered on its self-developed “BlackZero” platform and focused on AI assistants for contract and investment scenarios, the young company has stepped into the capital market with its net profit tripled over three years.
NewTimeSpace:MeiG Smart Technology Co., Ltd. passed the Hong Kong Stock Exchange listing hearing on February 11, 2026, with CICC as the sole sponsor. According to Frost & Sullivan data, the company ranked fourth globally in terms of revenue from wireless communication module business in 2024, with a market share of 6.4%.
ICS Corporate Services Group Inc., the largest domestic professional service provider for Chinese enterprises going global, has built a solid competitive barrier with its unique full licenses in BVI, Cayman Islands and Hong Kong. The company held a market share of 10.5% in 2024, ranking first in the industry. It delivered strong financial results, with a net profit margin of 31.4% and a 68.9% year‑on‑year increase in net profit in the first nine months of 2025. Its high client retention rate of 86.8% and over 15,000 managed entities have formed a stable and sustainable business model.
Vitalink Technology Co., Ltd., the world's largest provider of PVD interface enhancement solutions for consumer electronics, formally submitted an IPO application to the HKEX on February 9. The company is deeply bound to giants such as Apple and Samsung, with revenue surging 49.3% in 2024. However, its top two customers account for over 70% of revenue, representing high customer concentration as the major risk. To mitigate such risk, the company's smart wearable business has grown rapidly and become a high-margin growth engine. Moving forward, the company needs to seize opportunities from AI hardware innovation, reduce customer dependency, and successfully expand its technology into new sectors such as smart vehicles.
Lockin Tech filed HKEX IPO.2024 vein lock leader(10.5%).Q1-Q3 revenue RMB774M,profit RMB32M.Baidu holds 18.43%.Proceeds for biometric R&D.
TAILG Technology Co., Ltd. has recently submitted an application for a listing on the Hong Kong Stock Exchange, with CITIC Securities and China Merchants Securities International acting as its joint sponsors. As the founder of the "long-range electric two-wheeler" category in China, the company has established a leading position in the global light electric vehicle market. According to a Frost & Sullivan report, based on 2024 revenue, the company ranks third in the global market with a market share of approximately 5.2%, and also secures the third position in the Chinese mainland market with a market share of about 12.7%.
NewTimeSpace News: Lead Intelligent Equipment (00470.HK) closed its public offer at noon today (February 6). Preliminary market statistics show that the total margin financing for the public offering tranche reached approximately HK$21.833 billion, compared with the public offering fund size of HK$429 million, representing an oversubscription rate of approximately 49.92 times.
Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (09981.HK) launched its H-share offering on February 5, 2026, with listing on the Main Board of the Hong Kong Stock Exchange (HKEX) expected on February 13. As a global leader in the heat-shrinkable materials industry and a major manufacturer of high-speed communication cables, the company is driven by the dual engines of "Electronic Communications + Power Transmission," with business coverage in emerging sectors such as data centers and new energy vehicles (NEVs). The offering has garnered support from 16 cornerstone investors, including Hillhouse and Greenwoods Asset Management, with expected net proceeds of approximately HK$2.734 billion. Key risks include intense industry competition, fluctuating raw material costs, uncertainty regarding trade tariffs, and increasing customer concentration.
Beijing Haizhi Technology Group Co., Ltd. (02706.HK) launched its H-share offering on February 5, 2026, with an offer price range of HK$25.60 to HK$28.00 per share, and is expected to list on the Main Board of the Hong Kong Exchanges and Clearing Limited (HKEX) on February 13, 2026. As a leading provider of graph-model fusion technology and industrial-grade AI agent solutions in China, the company holds a dominant position in the graph-centric AI niche. However, as a technology firm still in a high-investment phase, Haizhi Technology has not yet achieved profitability and faces significant financial challenges, including sustained net losses and a high net debt position.
As a global leader in fishing gear, Ridge Outdoor (02720.HK) has launched its IPO with a 23.1% global market share and a dual-drive business model of "OEM/ODM + proprietary brands". Despite post-pandemic performance fluctuations, the company’s gross profit margin has kept improving. The IPO aims to raise funds for global capacity and R&D enhancement, while bringing in cornerstone investors including those with state-owned background. Key risks to watch include customer concentration, US tariff policies and industry cyclicality.
As a global leader in lithium battery equipment, Wuxi LEAD Intelligent Equipment Co., Ltd. is set to list on the HKEX on February 11. The company specializes in providing high-end smart equipment and turnkey line solutions for the lithium battery, photovoltaic, 3C manufacturing and other industries, and ranks first in the global market share for lithium battery equipment in particular. However, affected by cyclical fluctuations in the downstream industry, the company's performance has seen a significant decline in recent years, with its cash flow and inventory management facing severe challenges. This renders its listing journey a combination of the advantages of an industry leader and notable operational risks.
Axera Semiconductor (Shanghai) Co., Ltd. (00600.HK) officially launched its H-share offering on January 30, 2026. Leveraging its self-developed Axera Core NPU and the world’s first large-scale commercialized Axera Vision AI-ISP technology platforms, the company has established significant technological and market advantages in the intelligent vision sector. However, its high growth is accompanied by deep losses stemming from sustained massive R&D investment, as well as inherent risks in the semiconductor industry such as high customer concentration, supply chain dependence and strong cyclicality. These factors render its listing journey and investment logic characterized by both high potential and high risks.
Atomrobot filed for HKEX IPO with Huatai. Leading high-speed parallel robot maker, ranking first in China for five consecutive years per Frost & Sullivan.
