New stock news | Estun Automation(002747.SZ) Hong Kong IPO approved by the China Securities Regulatory Commission.

On December 9, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice of Filing for Overseas Issuance and Listing of Nanjing Estun Automation Co., Ltd." Estun Automation (002747.SZ) plans to issue no more than 176,765,200 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. According to the prospectus, Estun Automation is a Chinese industrial Siasun Robot & Automation company. According to data from Frost & Sullivan, the company has maintained the top spot in terms of shipments among domestic enterprises in the Chinese industrial Siasun Robot & Automation solutions market for several consecutive years. According to the same institution, in the first quarter of 2025, the company made a historic breakthrough as its shipments of industrial Siasun Robot & Automation in the domestic market surpassed foreign brands, making it the first domestic Siasun Robot & Automation company to lead the Chinese industrial Siasun Robot & Automation solutions market. In terms of finances, in the fiscal years 2022, 2023, and 2024, Estun Automation achieved revenues of approximately RMB 3.881 billion, RMB 4.652 billion, and RMB 4.009 billion respectively; with corresponding net profits of approximately RMB 184 million, RMB 134 million, and -RMB 818 million.