Ruisong Technology said it plans a private placement of up to RMB 784 million, with the net proceeds funding a high-precision, high-speed six-axis robot industrialisation project, an headquarters and R&D centre upgrade, and working capital and debt repayment. The aims are more capacity, better process and stronger technology reserves.
A long road with Panasonic
Founded in 2012 by Sun Zhiqiang, Ruisong works across robots, AI machine vision, industrial software and smart manufacturing. Its robot journey has run alongside Panasonic for decades: Sun started as Panasonic’s first welding-machine and robot agent in China in 1995, and in 2025 Ruisong used over JPY 90 million of surplus funds to buy Panasonic’s high-precision parallel-robot assets. In February, the two sides celebrated 10,000 Panasonic robots in use. In 2015 Ruisong first shipped robot components to Germany’s IBG.
The product breakthrough
Ruisong set up a robot subsidiary for high-precision six-axis robots, embodied robots, embedded controllers and core parts. In January its self-developed high-precision six-axis PLR robot went into production: 0.8 micron repeatability, 2.2 metres per second top speed, 3 kg payload, over 50,000 hours mean time between failure, and key parts rated above 10 years. It now serves optical communications, 3C electronics, semiconductors and high-end precision electronics, with supply qualification from a global connector leader, small repeat orders from two display leaders, and early orders from a top electronics-manufacturing services firm.
From revenue to profit
Ruisong’s orders and revenue grew, but it long suffered the classic manufacturer’s trap of more top line, no bottom line: revenue rose from RMB 799 million in 2020 to RMB 1.006 billion in 2022 while net profit fell from RMB 50.6 million to a RMB 62.7 million loss, then stalled at RMB 887 million to RMB 1.016 billion with net profit sliding from RMB 49.2 million to RMB 11.5 million. The first quarter of 2026 broke the pattern: revenue RMB 202 million, up 15.8 per cent, net profit RMB 20.6 million, up 878.6 per cent, and recurring profit RMB 19.5 million, up 1,363.4 per cent.
Ruisong also won its first Xinjiang project, a RMB 330 million cotton-harvester parts order, and its first Southeast Asia order over RMB 100 million, a RMB 130 million new-energy vehicle smart-manufacturing deal with Malaysia’s INGRESS. The capital raise is meant to deepen that autonomous-technology push.
Editor’s note: This is an adapted translation of the original OFweek report. It has been trimmed and restructured for readability for an international business audience.