After Benmo Dynamics cleared the Hong Kong exchange hearing, another mainland robotics name moved on its own HK listing. On 18 September the China Securities Regulatory Commission published that Changzhou Weiyi Zhizao Technology had received the cross-border listing and full-conversion filing notice, clearing the core domestic regulatory hurdle for an overseas float.
Under the filing, Weiyi Zhizao plans to issue no more than 42.8671 million overseas ordinary shares on the Hong Kong main board. If the IPO lands, the company would claim the title of first industrial embodied-intelligence robot stock in Hong Kong.
Weiyi Zhizao first submitted its prospectus in September 2025 and has since updated it several times. The proceeds will fund core R&D to lift the intelligence and performance of its industrial embodied-intelligence robots, build an overseas sales and service network, pursue strategic investment and acquisitions, expand capacity and top up working capital.
The company has drawn a deep roster of backers across industrial capital, state and local funds and top market funds, including Baidu, Yuanhe Holdings’ industrial-machine-tool fund, Shenzhen Capital Group, the Changzhou government fund, SongHe Capital, Jiangsu Jiandao, Puhua Capital and Hongtai Fund, with cumulative financing above 800 million yuan.
Notably, early core shareholder Baidu exited entirely before the IPO. In 2025 Baidu Online sold its stake, cashing out about 33.77 million yuan across two transfers, and left the shareholder list.
From the full-conversion filing, the industrial-machine-tool fund applied to convert 30.907279 million shares as the second-largest holder, while two Shenzhen Capital entities together convert 12.3629 million shares.
Weiyi Zhizao was founded in 2018 by Pan Zhengyi, a Shanghai University of Finance and Economics alumnus, starting from AI machine-vision inspection and a hybrid vision algorithm. In December 2022 it acquired Jiangsu Zhiyun Tianguong outright for 229 million yuan, a firm founded by former Alibaba DingTalk president Zhang Zhiqi, and in January 2023 Zhang became chairman and led a full upgrade.
The company’s trajectory is clear: in 2023 it built a human-robot interaction model-training platform on its BASH technology and Yixiu cloud; in 2024 it shipped a cross-industry standardised industrial embodied-intelligence solution with smart sensing and guided welding; in 2025 it released industrial embodied-intelligence robots for inspection, polishing, welding and loading across precision scenarios and fully acquired lightweight collaborative-arm maker Jiebote, completing a whole-chain layout.
Its core ChuangTRON series spans three main models: a new-inspection quality robot, a new-operation composite robot and a new-polishing robot. Driven end to end by an AI model, they perceive, plan paths, generate trajectories and execute adaptively with no manual programming, and have reached scale in 3C electronics, automotive, new energy, fast-moving consumer goods and semiconductors.
According to CIC, by revenue Weiyi Zhizao ranked first among China’s EIIR service providers in 2024 with a 31 per cent market share. Revenue rose from 434 million yuan in 2023 to 600 million in 2024 to 796 million in 2025, and net profit turned positive in 2024 at 15.739 million yuan and reached 5.066 million in 2025. Adjusted net profit was minus 28.112 million, 44.146 million and 48.726 million across the three years.
The flagship industrial embodied-intelligence robot grew revenue from 114.1 million yuan in 2023 to 272 million in 2024 to 453.3 million in 2025, its share of total revenue climbing from 26.3 per cent to 57.0 per cent while gross margin rose from 47.9 per cent to 53.5 per cent.
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. The full original (in Chinese) is at https://robot.ofweek.com/2026-09/ART-8321202-8120-30704125.html.