ESTUN AUTOMATION(SZ:002747) Ge Long Hui·2026-02-24 00:56Core Viewpoint - Nanjing Estun Automation Co., Ltd., a leading Chinese industrial robot company, has passed the hearing for its IPO on the Hong Kong Stock Exchange, indicating a significant step towards its public listing [1] Company Overview - Estun provides industrial robots and intelligent manufacturing systems, as well as core automation components and motion control systems, to clients in various manufacturing sectors including automotive, engineering machinery, heavy industry, and lithium batteries [1] - The company has maintained the top position in domestic industrial robot shipments among local enterprises in China for several consecutive years, according to Frost & Sullivan [1] Market Position - Estun is projected to achieve a historic milestone by surpassing foreign brands in industrial robot shipments in the domestic market by the first half of 2025, becoming the first domestic robot company to lead the Chinese industrial robot solutions market [1] Financial Performance - Estun's revenue for the fiscal years 2022 to 2024, and for the nine months ending September 30, 2025, is estimated to be approximately 3.881 billion yuan, 4.652 billion yuan, 4.009 billion yuan, and 3.804 billion yuan respectively [1]