The Shanghai United Assets and Equity Exchange disclosed a listing: CNPC Kunlun Capital will transfer 0.6349 per cent of Shandong Future Robot, some 234,372 shares, at a floor price of RMB 20 million. As a pure state-industrial investor, CNPC Kunlun Capital’s ties to Shandong Future Robot run deep.
In May 2025 the two signed an investment agreement spanning technology sharing, resource access and market coordination. In August 2025 Shandong Future Robot closed a several-hundred-million-yuan strategic round that included CNPC Kunlun Capital among other industrial investors. CNPC Kunlun Capital now holds 10.386 per cent, the second-largest stake. The transfer is not a state exit but a small equity optimisation that realised some paper gain ahead of a planned capital increase, and CNPC stays on the shareholder list.
At the floor price, Shandong Future Robot implies a valuation of about RMB 3.15 billion. The firm has also completed joint-stock reform this January and plans a capital increase after the transfer. Beyond CNPC Kunlun Capital, China National Machinery Industry Group, China Mobile and CICC Capital have all backed it, a vote of confidence in a global deep-sea engineering-equipment supplier.
Shandong Future Robot has spent two decades in deep-sea and underwater equipment, breaking overseas monopolies as the first domestic firm with full-chain localised deep-sea robots. Its team is led by senior engineers Taozewen, a member of a transport ministry salvage and underwater-engineering standards committee, and Leng Jianxing, one of the developers of the Jiaolong manned submersible, and holds more than 160 core technologies.
Its portfolio spans work-class ROVs, seabed cable-laying gear, deep-sea salvage, marine mining, underwater shield tunnelling, dredging, hull cleaning and underwater firefighting robots, plus core parts such as robotic arms. In April it launched ExplorersVY150, a domestically developed 3500-metre-class high-power deep-sea ROV, into batch production, and its VKG1100 chain trencher set an Asian record with 3 metres of cutting depth in 400kPa seabed. The firm is profitable, with 2025 revenue of RMB 149 million and net profit of RMB 18.11 million, and 2026 first-half revenue of RMB 54.2 million on a 12.6 per cent debt ratio, total assets of RMB 1.154 billion.
Orders are flowing: a China Southern Power Grid subsea-cable R&D project and a CNOOC offshore rescue equipment purchase. Overseas, its reach spans Russia, Britain, France, Singapore and Saudi Arabia, with overseas business hitting 70 per cent of orders at peak, and a VC550 blower heading to a Saudi project in July.
Editor’s note: This is an adapted translation of the original OFweek Robot report. It has been trimmed and restructured for readability for an international business audience.
Translated and adapted from OFweek Robot (https://robot.ofweek.com/2026-08/ART-8321204-8120-30697452.html).