First loss in 4 years! Photovoltaic "Shovel Seller" Second Submission of Hong Kong Stocks!

2026-05-15 16:49:12

On the evening of May 14, Robotko announced that the company had resubmitted its application for listing to the Hong Kong Stock Exchange on May 13, and published the application materials for listing on the website of the Hong Kong Stock Exchange (hereinafter referred to as the "Hong Kong Stock Exchange") on the same day.

Eight months later, Robotko announced a new sprint to Hong Kong stocks. On the evening of

May 14, Robotko announced that the company had resubmitted its application for listing to the Hong Kong Stock Exchange on May 13, and published the application materials for listing on the website of the Hong Kong Stock Exchange (hereinafter referred to as the "Hong Kong Stock Exchange") on the same day. According to the official website of

the Hong Kong Stock Exchange, Huatai International, Citigroup and Orient Securities International are the co-sponsors of Robotko's listing.

4年首亏!光伏“卖铲人”二次递表港股!1

Previously, on September 8, 2025, Robotko first announced the sprint of H shares, and submitted an application for listing to the Hong Kong Stock Exchange on October 28 of the same year. However, there has been no new progress in the next six months, and according to the regulations of the Hong Kong Stock Exchange, the submission form is invalid and needs to be resubmitted. According to

the data, Robotco's main business products are high-precision intelligent manufacturing equipment and systems, which are mainly used in optical interconnection, optical sensing and optical computing, photovoltaic cells and other fields. At present, the company's main downstream applications are optoelectronics, semiconductors and photovoltaics.

In 2025, Robotco achieved a revenue of 950 million yuan, a year-on-year decline of 14.14%, and a net profit loss of 66 million yuan, becoming the company 's first loss in nearly four years (from 2022).

For the sharp decline in performance, Robotko said it was mainly due to the photovoltaic business . At present, the domestic photovoltaic industry is falling into a phased and structural pattern of overcapacity . "Most downstream photovoltaic manufacturing enterprises suspend investment in new capacity, tighten equipment procurement budgets, and delay acceptance or termination of some stock projects, resulting in a reduction in new orders for the company's photovoltaic business", which has become the main factor of revenue pressure.

According to Robotko's prospectus on the Hong Kong Stock Exchange, the company sold only 132 photovoltaic equipment in 2025. Down 89.85% year on year.

4年首亏!光伏“卖铲人”二次递表港股!2

In 2025, the photovoltaic equipment manufacturer experienced business transformation, and the semiconductor business rose to become another pillar business, from the original photovoltaic business alone to the dual-track parallel of photovoltaic and semiconductor business.

In 2025, the company completed the acquisition of ficonTEC, a leading global equipment manufacturer in the field of optoelectronics and semiconductor automation packaging and testing, and further deepened its business layout in the field of optoelectronics and semiconductors.

In terms of performance, during the period of 2023-2025, the proportion of Robotco's photovoltaic business declined from 95% to 45.6% ; The proportion of silicon optical assembly and testing equipment business reached 46.3% in only two years, making it the company 's largest source of revenue in 2025.

4年首亏!光伏“卖铲人”二次递表港股!3

In the prospectus, Robotko said: "We are integrating the photovoltaic and silicon business under a unified automation equipment platform, using shared technology, operational capabilities and market access to create tangible two-way synergies."

As of the close of May 15th, Robotco's share price was 589.98 yuan, up 0.17% on that day. On that day, the company's market value once broke through 100 billion yuan, reaching 105.3 billion yuan. After closing, there was a slight correction, and the final market value was fixed at 98.885 billion yuan.

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Correlation

On the evening of May 14, Robotko announced that the company had resubmitted its application for listing to the Hong Kong Stock Exchange on May 13, and published the application materials for listing on the website of the Hong Kong Stock Exchange (hereinafter referred to as the "Hong Kong Stock Exchange") on the same day.

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The cost is reduced, and the short-circuit current can be improved on the whole.

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The above entrusted shareholding is not fully disclosed.

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