Since the beginning of this year, a number of companies in the robot industry chain have voluntarily withdrawn their application for listing. From the inquiry, “gross margin fluctuation”, “the authenticity of performance achievement” and “whether internal control is standardized” have become the focus of the exchange, and some companies have announced the termination of the IPO without a reply.

Industry insiders said that with the increase in demand for downstream applications, the development of the robot industry has entered the fast lane. Related enterprises have sought to go public in order to obtain a larger market space. However, some enterprises only involve the assembly business with low technical threshold, and do not master the core parts technology such as servo motors, reducers, controllers, etc., which is difficult to enter the high-end supply chain, and can only “exchange price for quantity” in the fierce industry competition.

AX460/100010/STD The robot industry has accelerated

In recent years, with the accelerated development of artificial intelligence, large model technology continues to break through, and robots continue to enable the automation and intelligent transformation of manufacturing and other industries. “The supply side and the demand side work in both directions to jointly promote the industrialization of robots.” Analysts who have long tracked the field of intelligent manufacturing told China Securities Journal reporters.

AX460/100010/STD

In this context, robot companies have turned their eyes to the capital market to seek greater growth space. From the perspective of subdivision, the companies that choose to sprint to the market cover industrial robots, service robots and other fields, involving capital market plates such as science and technology boards and GEM boards. For example, the machine vision and mobile robot leader Haikang Machine plans to raise 6 billion yuan, and the domestic collaborative robot leader festival card shares plan to raise 750 million yuan (currently suspended due to the update of financial reports).

AX460/100010/STD However, since the beginning of this year, companies have chosen to terminate their ipos, including Kefeng Intelligence in the field of parts, Sheng ‘an transmission and cleaning robot company Wangyuan Technology.

In early March last year, Wangyuan Technology, which planned to list on the main board of the Shenzhen Stock Exchange, was accepted (from the approval system to the registration system). However, one year later, the company applied to withdraw the application documents for listing, and the Shenzhen Stock Exchange decided to terminate the review of its initial public offering and listing on the main Board in accordance with relevant regulations. It is worth noting that in response to the first round of audit inquiries issued by the Shenzhen Stock Exchange at that time, the company did not reply until the termination of the IPO in March this year.

A similar situation exists with Kefeng Intelligence, which plans to list on the main board of the Shanghai Stock Exchange. On the issuance and listing review page, the reporter did not find the company’s public documents that responded to the first round of inquiries. From the end of June last year when the company’s listing application was accepted to the beginning of February this year, the period was only 7 months. After several rounds of inquiries, Shengan Transmission and Wiben Intelligent finally withdrew the application materials voluntarily.