Image credit: Bamboo Works
Key Takeaways:
Hai Robotics has filed to list in Hong Kong, reporting its revenue rose 36% year-on-year in the first nine months of 2025
The company's liabilities have grown over the past three years, and its operating cash flow remains negative
Humanoid robot performances on this year's CCTV "Spring Festival Gala", the world's most watched show broadcast each Lunar New Year's Eve, evoked awe among viewers, depicting a future world where such robots might soon replace humans for everyday tasks. But the reality is quite a bit different, with humanoid robots in workplaces still very much a work in progress, with lots of distance to cover.
Instead, practical considerations are a better gauge for picking robotic stocks, with commercialized products looking most attractive. Within that group, industrial or mobile robots look like one of the best bets for robotic-minded investors.
People investing in such stocks have been generally well rewarded. Shares of Geekplus(2590.HK), whose robots specialize in warehouse logistics, have climbed steadily since their Hong Kong debut last July, doubling at one point from an IPO price of HK$16.80. Despite a recent pullback, the stock remains up over 50% from the listing price. Now, the company's Shenzhen-based peer, Hai Robotics Innovation Group Co. Ltd., is hoping to follow down a similar path with its own IPO plan, according to its listing document filed with the Hong Kong Stock Exchange earlier this month.
The brains behind the company is Chen Yuqi, an electronic engineering graduate of Hong Kong Polytechnic University, who foresaw the big potential for robotics a decade ago. In his quest to figure out which products had the best chance at commercial viability, he personally visited more than 30 different warehouses in Beijing in 2015 to understand their operational workflows. That process ultimately led him to focus on warehousing robotics when he founded Hai Robotics in 2016.
Chen has set his company apart with its integrated autonomous case-handling robot (ACR) ...
