Chinese industrial robot maker Inovance filed for a Hong Kong initial public offering as it seeks to raise up to US$2 billion, part of a wider internationalisation strategy. [1]
Founded in 2003, Inovance is already listed in Shenzhen, where its shares have traded since 2010. The company had a market value of nearly 175.3 billion yuan, or US$25.6 billion, the filing said. [1]
Inovance reported 2025 revenue of 45 billion yuan, up 21.8% from a year earlier, and net profit of 5.05 billion yuan, nearly 18% higher. The company focuses on five core technology areas: information, control, drive, execution and sensing. [1]
The Hong Kong filing follows a series of capital-markets steps by the group. In January 2026, Inovance said it planned to issue shares in Hong Kong to support internationalisation and diversify financing. In late March 2026, it picked sponsors for the offering, which was then expected to raise up to US$2 billion. [1]
In September 2025, the company spun off Inovance Automotive, a subsidiary focused on electric-vehicle components. That unit raised 3.6 billion yuan on the Shenzhen Stock Exchange for overseas expansion. [1]
