New stock news | Guangdong Topstar Technology (300607.SZ) once again submitted documents to the Hong Kong Stock Exchange, mainly engaged in the integration and independent research and development business of industrial Siasun Robot & Automation.

According to the disclosure by the Hong Kong Stock Exchange on July 20th, Guangdong Topstar Technology Co., Ltd. (referred to as Guangdong Topstar Technology, 300607.SZ) has once again submitted its listing application to the main board of the Hong Kong Stock Exchange. Huatai International is its exclusive sponsor. The company previously submitted its application to the Hong Kong Stock Exchange on January 16, 2026. Company Profile The prospectus shows that Guangdong Topstar Technology is an industrial Siasun Robot & Automation company, operating in integrated and self-developed businesses, covering core Siasun Robot & Automation components, Siasun Robot & Automation bodies, and automation systems. According to Frost & Sullivan data, the company has developed China's first intelligent humanoid Siasun Robot & Automation used in injection molding scenarios. The company's business mainly focuses on industrial Siasun Robot & Automation and automation application systems, supported by high-end five-axis linked CNC machine tools and injection molding equipment. In addition to core business, it also provides intelligent energy and environmental projects. In terms of product portfolio, it includes Cartesian Siasun Robot & Automation, multi-joint Siasun Robot & Automation, and intelligent humanoid Siasun Robot & Automation. The company's industrial Siasun Robot & Automation and automation application systems are widely used in multiple industries. According to Frost & Sullivan data, in 2024, the company's customer base covered the top five consumer electronics manufacturers in mainland China. The company's customers mainly include manufacturing companies, engineering companies, and technology companies operating in industries such as consumer electronics, automotive, aerospace, and new energy. The injection molding equipment product portfolio includes injection molding machines and auxiliary equipment (such as three-in-one machines, mold temperature controllers, and automatic feeding systems), constituting a comprehensive injection molding plant solution. These solutions are widely used in industries such as consumer electronics, automotive parts, household appliances, personal care products, packaging, toys manufacturing, and medical devices. Additionally, during the historical period, a significant portion of the company's earnings came from intelligent energy and environmental projects. Under this business, it primarily provides two types of services: injection-related electromechanical engineering services and non-injection electromechanical engineering services. In addition to mainland China, the company's business has expanded to selected overseas markets. During the historical period, it made sales to overseas customers (including customers from countries such as Vietnam and Indonesia). Overseas revenue mainly comes from the sales of industrial Siasun Robot & Automation and automation application systems, injection molding equipment, and intelligent energy and environmental project products and solutions. Revenue In 2023, 2024, 2025, and the three months ended March 31, 2026, the company's revenue was approximately RMB 4.553 billion, RMB 2.872 billion, RMB 2.51 billion, and RMB 538 million respectively. Net/period profit In 2023, 2024, 2025, and the three months ended March 31, 2026, the net/period profit was approximately RMB 106 million, -RMB 239 million, RMB 73.141 million, and RMB 42.845 million respectively. Gross margin In 2023, 2024, 2025, and the three months ended March 31, 2026, the gross margin was 17.6%, 14.6%, 28.3%, and 32.5% respectively. Industry Overview Automation manufacturing equipment refers to equipment with integrated software functions such as data collection, data analysis, data feedback, execution, and control. Among various types of automation manufacturing equipment, industrial Siasun Robot & Automation is one of the representative automation manufacturing equipment products with high technological integration and wide application. The market size of China's industrial Siasun Robot & Automation solutions increased from RMB 50.9 billion in 2021 to RMB 92.4 billion in 2025, with a compound annual growth rate of 16.1% from 2021 to 2025. In the future, the market size is expected to further increase to RMB 200.7 billion by 2030, with a compound annual growth rate of 16.8% from 2025 to 2030. The shipment volume of China's industrial Siasun Robot & Automation increased from 317,500 units in 2021 to 382,200 units in 2025, with a compound annual growth rate of 4.7% from 2021 to 2025. The shipment volume of China's industrial Siasun Robot & Automation is expected to further increase to 657,700 units by 2030, with a compound annual growth rate of 11.5% from 2025 to 2030. In 2025, the shipment volume of China's light-duty, medium-duty, and heavy-duty industrial Siasun Robot & Automation was 67,300 units, 259,900 units, and 55,000 units respectively. The compound annual growth rates from 2021 to 2025 were 1.5%, 4.6%, and 10.8% respectively. It is estimated that by 2030, the shipment volume will reach 112,500 units, 450,500 units, and 94,700 units respectively, with compound annual growth rates from 2025 to 2030 expected to be 10.8%, 11.6%, and 11.5% respectively. Competitive Landscape The competition in the market for China's industrial Siasun Robot & Automation solutions is fierce and relatively fragmented. Based on the revenue of industrial Siasun Robot & Automation solutions in 2025, the company ranked tenth among all participants in mainland China and fourth among domestic suppliers in the market for China's industrial Siasun Robot & Automation solutions, with a market share of 0.7%. Board of Directors Information The board of directors will consist of 9 directors, including 6 executive directors and 3 independent non-executive directors. Shareholding Structure As of July 12, 2026, Mr. Wu Fengli, the executive director, chairman of the board and president of Guangdong Topstar Technology, holds 144,629,860 A shares directly, with the right to exercise approximately 30.61% of the voting rights of the company (excluding 4,471,668 A shares held by the company as treasury shares). Intermediary Team Exclusive Sponsor: Huatai Financial Holdings (Hong Kong) Limited Company Legal Advisors: Regarding Hong Kong and US Law: Deheng Law Office (Hong Kong) Limited Liability Partnership; Regarding Chinese Law: Jiayuan Law Firm; Regarding International Sanctions Law: King & Wood Mallesons; Regarding Chinese Data and Cybersecurity Law: Hua Law Firm Exclusive Sponsor Legal Advisors: Regarding Hong Kong and US Law: Wilson Sonsini Goodrich & Rosati; Regarding Chinese Law: JunHe Law Firm of Beijing Auditor and Reporting Accountant: Deloitte Touche Tohmatsu Certified Public Accountants Limited Independent Industry Consultant: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch Compliance Consultant: Choostar Capital Limited