Group 1: Market Activity - A total of 26 companies submitted applications to the Hong Kong Stock Exchange last week, marking a recent high in submissions [2] - Among the 26 companies, 3 passed the hearing, and 1 company is currently in the process of an IPO [10][12] Group 2: Industry Highlights - The semiconductor and computing sectors are particularly active, with companies like Weizhao Semiconductor and Placo Electronics submitting applications [2] - Weizhao Semiconductor reported a revenue of 615 million yuan and a profit of 40.25 million yuan for the first nine months of 2025 [2] - Placo Electronics achieved a revenue of 751 million yuan and a profit of 76.11 million yuan for the same period [2] Group 3: Robotics Sector - Several robotics companies, including Yifei Intelligent and Estun, are also pursuing listings [3] - Estun is ranked first in the industrial robotics sector by revenue, with a market share of 1.7% globally [3] - TuoStar is recognized as a leader in the domestic industrial robotics market, with a revenue of 1.688 billion yuan and a net profit of 47 million yuan for the first nine months of 2025 [3] Group 4: Biopharmaceutical Sector - Multiple biopharmaceutical companies are applying for listings, including Zeling Bio and Exegenesis Bio Inc. [4][5] - Zeling Bio reported a loss of 1.19 million yuan for the first nine months of 2025, while Exegenesis Bio has not yet received regulatory approval for its products [5][6] - Shanghai Shengsheng achieved a revenue of 538 million yuan and a net profit of 11.3 million yuan for the same period [4] Group 5: Food and Beverage Sector - The food and beverage sector is seeing significant activity, with companies like Yuanji Food and Qian Dama submitting applications [7] - Yuanji Food reported an adjusted net profit of 192 million yuan for the first nine months of 2025, a 31% increase year-on-year [7] - Qian Dama achieved a GMV of 14.8 billion yuan in 2024, maintaining its position as the top player in the community fresh product retail chain industry [7] Group 6: New Listings - Four new stocks were listed last week, with all experiencing price increases on their first trading day [13] - The stock of Howie Group, a global leader in CMOS image sensors, rose by 16.22% on its debut [13] - Zhaoyi Innovation, a storage chip leader, saw its stock price increase by 38.27% on its first day of trading [13]

Core Viewpoint - The company, Tuosda, has submitted an application for issuing H-shares and listing on the Hong Kong Stock Exchange, marking a significant step in its internationalization strategy [2][3] Group 1: Application Details - The application materials were submitted on January 16, 2026, and are available on the Hong Kong Stock Exchange's official website [2] - The application includes detailed information about the company's business status, financial performance, and future development plans, which may be updated as necessary [2] - The issuance will be limited to qualified foreign investors and domestic qualified investors with overseas securities investment qualifications, reflecting the company's commitment to compliance and investor protection [2] Group 2: Regulatory Approval and Market Conditions - The H-share issuance is subject to approval from regulatory bodies such as the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission [3] - Market conditions and investor sentiment may impact the final outcome of the listing, indicating a level of uncertainty [3] - The company will adhere to legal and regulatory requirements for information disclosure to keep investors informed of developments [3] Group 3: Strategic Importance - The H-share listing is seen as a comprehensive demonstration of the company's strength and a milestone in its journey towards internationalization and rapid development [3] - The company aims to enhance its core competitiveness and contribute to the global industrial automation sector [3]

据港交所1月16日披露，广东拓斯达（300607）科技股份有限公司(简称：拓斯达，300607.SZ)向港交所主板递交上市申请书，华泰国际为其独家保荐人。招 股书提到，根据弗若斯特沙利文的资料，于2024年，按轻负载工业机器人出货量及轻工业领域工业机器人出货量计，拓斯达在中国内地工业机器人解决方案 市场均排名第一。 公司简介 截至2025年9月30日，拓斯达已接触超过200,000名潜在客户，累计服务超过15,000名客户。全球化布局上，除中国内地外，拓斯达的业务已扩展至全球。公 司通过以下途径推进全球化战略：(i)通过该公司的越南运营基地在新兴市场进行规模化渗透，及(ii)在该公司的墨西哥运营基地支持下于发达市场取得突 破。截至2025年9月30日，拓斯达的海外销售网络覆盖超过50个国家及地区。该公司已与约四千名海外潜在客户建立联系，服务近一千名海外客户，并成为 逾20家《财富》世界500强公司的供货商。 财务资料 拓斯达是中国内地全栈式工业机器人行业领导者、具身智能领域的先行者。拓斯达在机器人核心零部件、机器人本体、自动化应用系统形成全链条自主布 局，使其成为广东省智能机器人产业链"链主"企业。 下图展示 ...

Group 1 - The core viewpoint of the news is that TuoSiDa's stock has shown fluctuations in price and trading volume, with a recent increase of 2.07% to 33.98 CNY per share, while the company has experienced a net outflow of funds [1] - As of September 30, 2025, TuoSiDa reported a total revenue of 1.688 billion CNY, a year-on-year decrease of 24.49%, while the net profit attributable to shareholders increased by 446.75% to 49.3365 million CNY [2] - The company has a diverse revenue structure, with its main business segments including smart energy and environmental management systems (31.50%), industrial robots and automation application systems (29.39%), injection molding machines and related equipment (21.05%), CNC machine tools (15.07%), and others (3.00%) [1] Group 2 - TuoSiDa has distributed a total of 284 million CNY in dividends since its A-share listing, with 48.1781 million CNY distributed over the past three years [3] - As of September 30, 2025, the number of shareholders decreased by 17.93% to 71,600, while the average number of circulating shares per person increased by 21.85% to 4,638 shares [2] - The top shareholders include various ETFs focused on robotics, with significant increases in holdings, indicating growing institutional interest in the company [3]

公司同时提示，本次H股发行上市尚需取得中国证券监督管理委员会、香港证监会及香港联交所等相关 机构的备案、批准或核准，并需考虑市场情况等因素，该事项仍存在不确定性。公司将根据进展履行信 息披露义务，并提醒投资者注意相关投资风险。(王珞) 根据公告，本次刊发的申请资料为公司依据香港证券及期货事务监察委员会及香港联交所要求编制的草 拟本，其所载资料可能适时更新及修订。公告指出，若本次发行上市最终得以实施，发行对象将仅限于 符合相关条件的境外投资者及依据中国相关法律法规有权进行境外证券投资的境内合格投资者。 近日，拓斯达（300607）发布公告称，公司已于2026年1月16日向香港联合交易所有限公司递交发行H 股股票并在香港联交所主板挂牌上市的申请材料，并于同日在香港联交所网站刊发了该申请的草拟版本 资料。 ...

Group 1 - The core viewpoint of the news is that TuoSiDa's stock performance and financial metrics indicate a mixed outlook, with a notable increase in net profit despite a decline in revenue [1][2] Group 2 - On January 16, TuoSiDa's stock rose by 3.42%, with a trading volume of 1 billion yuan [1] - The financing buy-in amount for TuoSiDa on the same day was 105 million yuan, with a net buy of 22.86 million yuan [1] - As of January 16, the total balance of margin trading for TuoSiDa was 636 million yuan, accounting for 3.99% of its market capitalization [1] Group 3 - As of September 30, TuoSiDa had 71,600 shareholders, a decrease of 17.93% from the previous period [2] - The average number of circulating shares per shareholder increased by 21.85% to 4,638 shares [2] - For the period from January to September 2025, TuoSiDa reported revenue of 1.688 billion yuan, a year-on-year decrease of 24.49%, while net profit attributable to shareholders increased by 446.75% to 49.34 million yuan [2] Group 4 - TuoSiDa has distributed a total of 284 million yuan in dividends since its A-share listing, with 48.18 million yuan distributed over the past three years [2] - Among the top ten circulating shareholders, notable increases in holdings were observed for several ETFs related to the robotics industry [2]

拓斯达向港交所主板递交上市申请。华泰国际为独家保荐人。 根据弗若斯特沙利文的资料，2024年，按轻负载工业机器人出货量及轻工业领域工业机器人出货量计， 拓斯达在中国内地工业机器人解决方案市场排名第一。 拓斯达是中国内地全栈式工业机器人行业领导者，实现了机器人核心零部件、机器人本体、自动化应用 系统的全链条自主布局，是广东省智能机器人产业链的"链主"企业。公司在具身智能领域取得重大进 展，推出了中国内地首款应用于注塑场景的智能人形机器人"小拓"和多功能四足机器人"星仔"。 截至2025年9月30日，拓斯达已累计服务超过15000名客户，其业务已扩展至全球50多个国家及地区，通 过越南和墨西哥的运营基地推进全球化战略，并已成为逾20家《财富》世界500强公司的供货商。 中国内地工业机器人解决方案市场规模预计将从2024年的812亿元增长至2029年的1593亿元。全球具身 智能机器人市场规模预计将从2025年的1043亿元增长至2030年的7075亿元。 ...

Company Overview - Guangdong Tuosda Technology Co., Ltd. (referred to as Tuosda) has submitted its listing application to the Hong Kong Stock Exchange, with Huatai International as its sole sponsor [1] - Tuosda is a leader in the industrial robotics sector in mainland China and a pioneer in the field of embodied intelligence, forming a complete self-sufficient layout in core components, robotic bodies, and automation application systems [4] - The company has made significant progress in embodied intelligence and has commercialized applications in various manufacturing scenarios, including the launch of China's first intelligent humanoid robot for injection molding [6] Market Position - According to Frost & Sullivan, Tuosda ranks first in the industrial robotics solution market in mainland China based on the shipment volume of light-load industrial robots and light industrial sector robots [1] - As of September 30, 2025, Tuosda has engaged with over 200,000 potential customers and served more than 15,000 clients, with its overseas sales network covering over 50 countries and regions [6] Financial Performance - For the fiscal year ending December 31, 2023, Tuosda reported revenues of approximately RMB 4.55 billion, with a gross profit of RMB 803.16 million, resulting in a gross margin of 17.6% [7][8] - The company experienced a net profit of RMB 105.99 million in 2023, but projected a net loss of RMB 238.95 million for 2024 [8][9] - The gross margin is expected to decline to 14.6% in 2024, with a projected recovery to 28.3% by 2025 [10] Industry Overview - The market size for industrial robotics solutions in mainland China is projected to grow from RMB 47.7 billion in 2020 to RMB 81.2 billion by 2024, with a compound annual growth rate (CAGR) of 14.2% [11] - The shipment volume of industrial robots in mainland China is expected to increase from 242,000 units in 2020 to 349,500 units by 2024, with a CAGR of 9.6% [14] - The global embodied intelligence robotics market is anticipated to grow from RMB 104.3 billion in 2025 to RMB 707.5 billion by 2030, with a CAGR of 46.7% [17]

Company Overview - Tuosda Technology Co., Ltd. is a leading player in the industrial robotics sector in mainland China, recognized as a pioneer in the field of embodied intelligence [4] - The company has established a comprehensive layout in core robotic components, robotic bodies, and automation application systems, positioning itself as a "chain master" in Guangdong's intelligent robotics industry [4] Market Position - According to Frost & Sullivan, Tuosda ranks first in the industrial robotics solutions market in mainland China based on the shipment volume of light-load industrial robots and light industrial sector robots in 2024 [1] Product Development - Tuosda has made significant advancements in embodied intelligence, achieving commercial applications in various manufacturing scenarios [6] - The company launched China's first intelligent humanoid robot "Xiao Tuo" for injection molding applications and developed a quadruped robot "Xing Zai" capable of performing multiple tasks in diverse environments [6] Customer Base and Global Expansion - As of September 30, 2025, Tuosda has engaged with over 200,000 potential customers and served over 15,000 clients [6] - The company has expanded its operations globally, with a sales network covering over 50 countries and regions, and has established connections with approximately 4,000 overseas potential customers [6] Financial Performance - For the fiscal year ending December 31, 2023, Tuosda reported revenues of approximately RMB 4.55 billion, with a gross profit of RMB 803.16 million, resulting in a gross margin of 17.6% [7][8] - The company experienced a net profit of RMB 105.99 million in 2023, but projected a net loss of RMB 238.95 million for 2024 [8][9] Industry Overview - The market size for industrial robotics solutions in mainland China is projected to grow from RMB 47.7 billion in 2020 to RMB 81.2 billion in 2024, with a compound annual growth rate (CAGR) of 14.2% [11] - The shipment volume of industrial robots in mainland China is expected to increase from 242,000 units in 2020 to 349,500 units in 2024, reflecting a CAGR of 9.6% [14] Embodied Intelligence Market - The global market for embodied intelligence robots is anticipated to grow from RMB 104.3 billion in 2025 to RMB 707.5 billion by 2030, with a CAGR of 46.7% [17] - The embodied intelligence robot market in mainland China is expected to reach RMB 268.8 billion by 2030, accounting for 38% of the global market [17]

Group 1 - The company, Guangdong Tuosda Technology Co., Ltd. (stock code: 300607.SZ), has submitted its listing application to the Hong Kong Stock Exchange, with Huatai International as its sole sponsor [1] - According to Frost & Sullivan, the company ranks first in the industrial robot solutions market in mainland China in terms of light-load industrial robot shipment volume and light industrial sector industrial robot shipment volume in 2024 [1] - The company is recognized as a leader in the full-stack industrial robot industry in mainland China and a pioneer in the field of embodied intelligence [4] Group 2 - The company has established a comprehensive autonomous layout in core components of robots, robot bodies, and automation application systems, making it a key player in the intelligent robot industry chain in Guangdong Province [4]