埃斯顿开启招股：拟募资16亿港元，3月9日港股上市

Core Viewpoint - Nanjing Estun Automation Co., Ltd. (referred to as "Estun") has initiated its IPO process, aiming to list on the Hong Kong Stock Exchange on March 9, 2026, with a fundraising target of up to HKD 1.645 billion [1]. Group 1: IPO Details - Estun is offering shares in a price range of HKD 15.36 to HKD 17, with a total of 96.78 million shares available for global sale [1]. - The cornerstone investors have collectively subscribed for USD 66.91 million, with significant contributions from Harvest Oriental (USD 20 million) and Hengtong Optic-Electric International (USD 15 million) [2]. Group 2: Fund Utilization - Approximately 25% of the funds raised will be used to expand global production capacity, another 25% for strategic alliances and acquisitions, 20% for R&D projects, 10% for enhancing global service capabilities, and the remaining 10% for working capital and general corporate purposes [3]. Group 3: Financial Performance - Estun's revenue for 2022, 2023, and 2024 was CNY 3.881 billion, CNY 4.652 billion, and CNY 4.008 billion, respectively, with net profits of CNY 1.836 billion, CNY 1.336 billion, and a projected loss of CNY 817.685 million for 2024 [8][9]. - The company expects a net profit of CNY 35 million to CNY 50 million for 2025, a significant recovery from a net loss of CNY 810.444 million in the previous year [10]. Group 4: Business Overview - Estun focuses on three core business areas: industrial automation products, robotics and intelligent manufacturing systems, and industrial digital products, providing comprehensive solutions across various sectors [6]. - The company has developed a complete ecosystem for intelligent manufacturing, with a product range that includes high-precision multi-axis motion controllers and various industrial robots [6][8]. Group 5: Shareholding Structure - The controlling shareholders, including the Wu family, hold approximately 42% of the voting rights, with Wu Bo directly owning 12.74% of the shares [12][17].