HK Recently Listed Stocks Watch | LDROBOT (01236.HK) over 10.5 million cornerstone shares to be unblocked on 11 November, peer CAMSENSE TECHNOLOGIES opens H-share subscription

NewTimeSpace News, on 24 September 2026, robot vision perception shares traded with a correction while LDROBOT (01236.HK) strengthened. As of 13:40, the company quoted HKD 25.800, up 0.47%.

On the news front, on 22 September 2026, Shenzhen Camsense Technologies Co., Ltd. (06802.HK) formally launched its global offering of H shares, with the offer period running to 25 September, at an offer price of HKD 58.85 per share, offering 11,588,800 H shares and expected to list on the Main Board of the Hong Kong Stock Exchange on 30 September. Its prospectus shows that CAMSENSE TECHNOLOGIES was founded in 2013 and focuses on the development of spatial perception products, supplying laser radars and line laser sensors as well as algorithms to smart devices such as robot vacuum cleaners; its cumulative shipments of spatial perception products since incorporation exceed 39 million units, its laser radar and line laser sensor shipments in 2025 each exceeded 10 million and 5 million units respectively, and it ranked first globally in robot vacuum spatial perception solutions by 2025 revenue. The offering introduced two cornerstone investors under BYD (01211.HK) and Zhongrun Optics (688307.SH), subscribing a total of about HKD 110 million, or about 16.13% of the offer shares, both subject to a six-month lock-up; industry data shows that the global robot vacuum spatial perception market was worth about RMB 3.1 billion in 2025 and is expected to expand to RMB 9.1 billion by 2030 at a compound growth rate of 24.3%, with laser radars growing at about 25.5% a year to RMB 5.2 billion.

In addition, on 24 September 2026, the world's first large-scale embodied intelligence theme park, jointly built by AGIBOT and Chimelong Group, opened at Chimelong Spaceship Park in Hengqin, with more than 300 AGIBOT robots taking up regular duty in the park; on the same day, AGIBOT's 20,000th general-purpose embodied intelligence robot, Expedition A3 Ultra, was formally delivered to Chimelong Group to serve scenarios including visitor interaction, guiding, performances and science education, and the embodied intelligence cultural tourism joint research institute jointly established by the two parties was unveiled. As embodied intelligence hardware moves from R&D validation and single-point demonstrations to volume production, large-scale delivery and regular operation, it will in turn drive supporting demand for upstream core components such as visual perception.

LDROBOT (01236.HK) listed on the Main Board of the Hong Kong Stock Exchange on 11 May 2026 at an offer price of HKD 26.36, with 33,333,400 shares issued.

Regarding its shareholding structure, the sole cornerstone investor of the company has a six-month lock-up period, with the nearest release date falling on 11 November 2026, when the 10,508,200 shares held by the cornerstone investor KCH Vision Investment Limited will be released from lock-up, representing 31.52% of the shares under the global offering and approximately 3.15% of the company's total issued share capital immediately following completion of the global offering. In addition, the 12-month lock-up undertakings of the company's controlling shareholders, which together hold 35.65% of the shares, and of the Pre-IPO investors, which together hold 38.22%, are expected to be released from lock-up in late May 2027.

In terms of financial performance, the company disclosed its first interim results after listing on 24 August 2026. For the first half of 2026, revenue was RMB 523 million, up 35.2% year on year; gross margin was 28.8%, up 3.4 percentage points from a year earlier; loss for the period was RMB 42.101 million, compared with a loss of RMB 13.78 million a year earlier; adjusted net loss was RMB 15.507 million, compared with adjusted net profit of RMB 2.178 million a year earlier. Smart robotic mower revenue was RMB 201 million, up 159.1% year on year, while overseas revenue was RMB 203 million, up 225.5% year on year. The company declared no interim dividend.

LDROBOT (01236.HK) focuses on intelligent robotics centred on visual perception technology, with products spanning visual perception sensors, algorithm modules and smart robotic mowers serving household, commercial and industrial applications. The company operates a twin-engine model of perception infrastructure plus embodied robot hardware; cumulative shipments of smart devices carrying its visual perception technology exceed 30 million units, and its customers include seven of the world's top ten household service robot companies and all of the world's top five commercial service robot companies. Based on 2024 revenue, it ranks first globally by share of the intelligent robot visual perception solutions market. Its ANTHBOT smart robotic mower brand serves the global yard market, with products sold in more than 50 countries and regions.

HUATAI SECURITIES believes that new embodied intelligence products are accelerating into the commercialisation and delivery stage and that, as delivery scale expands and more scenarios are replicated, platform synergies are expected to be further released.

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