Core Viewpoint - The company has received a notice from the China Securities Regulatory Commission regarding its plan to issue up to 177 million overseas listed common shares and list them on the Hong Kong Stock Exchange [1] Group 1 - The company intends to issue no more than 177 million shares for overseas listing [1] - The listing is planned to take place on the Hong Kong Stock Exchange [1] - The company must update its filing materials if the overseas issuance is not completed within 12 months from the date of the notice [1]

智通财经APP讯，埃斯顿(002747.SZ)公告，公司正在进行申请发行境外上市外资股(H股)并在中国香港 联交所主板挂牌上市的相关工作，公司于近日收到中国证券监督管理委员会出具的《关于南京埃斯顿自 动化股份有限公司境外发行上市备案通知书》。 ...

Group 1 - The China Securities Regulatory Commission has issued a notice regarding Nanjing Estun Automation Co., Ltd.'s overseas issuance and listing, with plans to issue no more than 176,765,200 overseas listed ordinary shares on the Hong Kong Stock Exchange [1] - Estun is recognized as a leading Chinese industrial robotics company, maintaining the highest shipment volume among domestic enterprises in the Chinese industrial robotics solutions market for several consecutive years [3] - According to Frost & Sullivan, Estun is projected to achieve a historic milestone in Q1 2025, surpassing foreign brands in domestic industrial robot shipments, becoming the first domestic robot company to lead the Chinese market [3] Group 2 - Financially, Estun reported revenues of approximately 3.881 billion RMB, 4.652 billion RMB, and 4.009 billion RMB for the years 2022, 2023, and 2024, respectively [3] - The company's net profits for the same years were approximately 184 million RMB, 134 million RMB, and a loss of 818 million RMB [3]

Group 1 - The core viewpoint of the news is that Nanjing Estun Automation Co., Ltd. plans to issue up to 176,765,200 overseas listed ordinary shares and list them on the Hong Kong Stock Exchange [1] - Estun is recognized as a leading domestic industrial robot company in China, maintaining the highest shipment volume among domestic enterprises in the industrial robot solutions market for several consecutive years [3] - According to Frost & Sullivan, Estun is expected to achieve a historic milestone in Q1 2025, surpassing foreign brands in domestic industrial robot shipments and becoming the first domestic company to lead the Chinese industrial robot solutions market [3] Group 2 - Financially, Estun reported revenues of approximately 3.881 billion RMB, 4.652 billion RMB, and 4.009 billion RMB for the years 2022, 2023, and 2024, respectively [3] - The net profits for the same periods were approximately 184 million RMB, 134 million RMB, and a loss of 818 million RMB for 2022, 2023, and 2024, respectively [3]

三、公司完成境外发行上市后 15 个工作日内，应通过中国证监会备案管理 信息系统报告发行上市情况。公司在境外发行上市过程中应严格遵守境内外有关 法律、法规和规则。 股票代码：002747 股票简称：埃斯顿 公告编号：2025-073号 南京埃斯顿自动化股份有限公司 关于发行境外上市外资股（H 股）获得中国证监会备案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 南京埃斯顿自动化股份有限公司（以下简称"公司"）正在进行申请发行境 外上市外资股（H 股）并在香港联合交易所有限公司（以下简称"香港联交所"） 主板挂牌上市的相关工作（以下简称"本次境外发行上市"），公司于近日收到中 国证券监督管理委员会（以下简称"中国证监会"）出具的《关于南京埃斯顿自 动化股份有限公司境外发行上市备案通知书》（国合函〔2025〕2205 号）（以下 简称"备案通知书"）。备案通知书主要内容如下： 一、公司拟发行不超过 176,765,200 股境外上市普通股并在香港联交所上 市。 二、自备案通知书出具之日起至本次境外发行上市结束前，公司如发生重大 事项，应根据境内企业境外发行 ...

智通财经APP获悉，12月9日，中国证监会国际合作司发布《关于南京埃斯顿自动化股份有限公司境外发行上市备案通知书》。埃斯顿(002747.SZ)拟发行不 超过176,765,200股境外上市普通股并在香港联合交易所上市。 据招股书，埃斯顿是一家中国工业机器人企业。根据弗若斯特沙利文的资料，该公司在中国工业机器人解决方案市场的国产企业中，出货量连续多年保持第 一。根据同一机构的资料，该公司于2025年第一季度取得历史性突破，国内市场上工业机器人出货量超越外资品牌，成为首家登顶中国工业机器人解决方案 市场的国产机器人企业。 财务方面，于2022年度、2023年度以及2024年度，埃斯顿实现收入分别约为38.81亿元、46.52亿元、40.09亿元人民币;同期年内利润分别约为1.84亿元、1.34 亿元、-8.18亿元人民币。 ...

（文章来源：每日经济新闻） 每经AI快讯，12月9日，中国证监会国际合作司发布关于南京埃斯顿自动化股份有限公司境外发行上市 备案通知书，公司拟发行不超过176,765,200股境外上市普通股并在香港联合交易所上市。 ...

12月9日，中国证监会网站发布多个境外发行上市备案通知书。备案通知书显示，豪威集成电路（集 团）股份有限公司拟发行不超过73,670,200股境外上市普通股并在香港联合交易所上市，兆易创新科技 集团股份有限公司拟发行不超过51,796,900股境外上市普通股并在香港联合交易所上市，南京埃斯顿自 动化股份有限公司拟发行不超过176,765,200股境外上市普通股并在香港联合交易所上市。 ...

埃斯顿港股上市获中国证监会备案。 ...

Investment Rating - The report maintains an investment rating of "Recommended" for the mechanical equipment industry [2][3]. Core Views - The mechanical equipment industry saw a 2.9% increase last week, ranking second among 31 primary industries. Sub-industries such as engineering machinery (+6%) and specialized equipment (+3.45%) showed strong performance, while rail transit equipment experienced a decline of 0.82% [3][14]. - The report suggests that with the completion of the third-quarter reports, market risk appetite is expected to improve. It recommends a balanced approach between technology growth and cyclical investments, focusing on sectors and stocks with performance support [3][4]. - Key areas of focus include humanoid robots, PCB equipment, semiconductor equipment, and cyclical recovery in engineering machinery and general equipment [3][4]. Summary by Sections 1. Recent Trends - In November 2025, excavator sales reached 20,027 units, a year-on-year increase of 13.9%. Domestic sales were 9,842 units (+9.11%), while exports were 10,185 units (+18.8%). Cumulatively, from January to November, 212,162 excavators were sold, marking a 16.7% increase year-on-year [5][44]. - The report highlights a structural recovery in the industry, driven by domestic demand from large projects and a new round of replacement cycles [5][44]. 2. Sub-Industry Performance - The engineering machinery sector is experiencing a significant recovery, with excavator sales showing strong growth. The report emphasizes the importance of technological upgrades and global expansion for leading companies [5][44]. - The industrial robot sector saw a production increase of 17.9% in October 2025, indicating potential investment opportunities as the industry adjusts to new demands [28][44]. 3. Key Companies and Recommendations - The report identifies several companies for investment consideration, including XCMG Machinery (000425.SZ), SANY Heavy Industry (600031.SH), and Huazhong CNC (688697.SH), which are expected to benefit from the ongoing recovery and technological advancements in the industry [7][44]. - The semiconductor equipment sector is highlighted as a critical area for investment, with companies like North Huachuang (002371.SZ) and Zhongwei Company (688012.SH) recommended due to their strong market positions and growth potential [4][7]. 4. Policy and Market Drivers - The report notes that government policies are strongly supporting the high-end machine tool sector, with initiatives aimed at accelerating domestic production and technological breakthroughs [5][46]. - The global demand for high-end manufacturing is recovering, as indicated by Japan's machine tool orders, which have seen continuous growth driven by exports [5][46].