Hikvision announced that the company received a notice from its subsidiary Hikang Robot, which recently submitted the application materials for an initial public offering of shares and listing on the GEM to the Shenzhen Stock Exchange. On March 7, 2023, the Shenzhen Stock Exchange received the Notice on accepting the application documents for the Initial Public Offering of Hangzhou Haikang Robot Co., Ltd. and listing on the GEM.

The announcement pointed out that the Shenzhen Stock Exchange checked the application report and related application documents submitted by Haikang Robot for this issue and listing in accordance with relevant regulations, and considered that the application documents were complete and decided to accept them.

At the same time, Hikvision said that the issuance and listing of Hikang Robot still needs to meet a number of conditions to be implemented, including but not limited to obtaining the approval of the Shenzhen Stock Exchange and the decision of the China Securities Regulatory Commission to agree to registration, there are significant uncertainties.

According to the official website, Hikang Robot is a global provider of machine vision and mobile robot products and solutions, focusing on the industrial Internet of Things, intelligent logistics and intelligent manufacturing, building an open cooperation

AO2000-LS25

ecology, and providing services for users in the industrial and logistics fields.
It is understood that the number of shares issued by Haikang Robot is not more than 240 million shares and not less than 80 million shares, accounting for not more than 25% and not less than 10% of the total share capital after this issue. The company expects to raise 6 billion yuan.

The raised funds will be used for Hikang Robot Intelligent Manufacturing (Tonglu) base project, Hikang robot product industrialization base construction project, a new generation of mobile robot platform technology and product research and development project, a new generation of machine vision perception technology and product research and development project, artificial intelligence technology and industrial software platform research and development project and supplementary working capital.

In terms of financial data, the company achieved operating income of 941 million yuan, 1.525 billion yuan, 2.768 billion yuan and 2.81 billion yuan respectively in 2019, 2020, 2021 and the first nine months of 2022. The net profit returned to the parent was 45.4786 million yuan, 65.964 million yuan, 482 million yuan and 428 million yuan respectively, and the company’s performance and profit began to increase significantly from 2021.