The ringing of the gong at the Hong Kong Stock Exchange (HKEX) has carved a brand-new milestone for China's industrial robot industry.
Recently, Estun Automation officially completed its listing on the Hong Kong Stock Exchange (HKEX), becoming the first domestic industrial robot enterprise to achieve a dual A+H listing. From its debut on the Shenzhen Stock Exchange (SZSE) A-share market in 2015 to now knocking on the door of Hong Kong's international capital market, Estun has not only built a dual-capital growth platform for itself in the industrial robot field but also enabled China's intelligent manufacturing to make a crucial leap from "following" to "competing on the same stage" in the core track of global industrial automation.
During this Hong Kong listing, Estun's global offering reached 96.78 million shares, securing substantial financial support from multiple renowned international investment institutions. This recognition from the global capital market is by no means accidental. In the global industrial robot track, overseas brands once held a monopoly for a long time. The dual barriers of core technologies and the high-end market once trapped domestic enterprises in a "stranglehold" dilemma.
Estun's growth path is precisely a history of independent breakthrough for China's industrial robots — consistently adhering to a full-stack independent R&D technology route, and forging a breakthrough path for Chinese enterprises in core areas where others imposed a "stranglehold". Hard technological strength is always the foundation for enterprises to stand firm in the global market.
In early 2026, Estun released a brand-new technology foundation, completing the in-depth layout of the AI (Artificial Intelligence) + robot full-stack technology chain, and building a solid technological foundation for product iteration and solution upgrades. Behind this technological confidence lies the precipitation of massive industrial practices: currently, Estun has accumulated real operational data from 150,000 industrial robots. Its intelligent solutions cover more than 30 major industrial categories, ranging from 3C electronics and NEVs (New Energy Vehicles) to hardware machinery and logistics warehousing, achieving deep penetration into multiple scenarios of high-end manufacturing.
From core components to complete machine R&D, and from algorithm optimization to scenario implementation, the independent and controllable entire chain has enabled Estun to completely break free from its reliance on overseas technologies, and also provided Chinese industrial robots with the core bargaining chips to compete on the same stage as international giants.
The significance of the Hong Kong listing goes far beyond capital expansion; it also presses the acceleration button for the globalization layout of China's industrial robots. Relying on the location and resource advantages of Hong Kong as an international financial center, Estun's dual-capital platform will provide sufficient support for overseas business expansion, global technological R&D, and international ecological cooperation.
As of now, Estun has established a business network covering 75 regions globally, linking hundreds of ecological partners. Its industrial intelligent solutions are gradually penetrating the global trillion-level intelligent manufacturing market.
For a long time, the high-end track of global industrial robots has always been dominated by a few overseas brands, with Chinese enterprises more often being mere bystanders and followers in the market. However, the realization of Estun's A+H dual listing has completely rewritten this industry landscape: China's intelligent manufacturing is no longer a "supporting role" in the global industrial automation track, but a core participant with core technologies, a complete industrial chain, and global layout capabilities.
This step is a crucial leap in Estun's own development, and even more so, a major stride for China's industrial robots to break overseas monopolies and advance domestic substitution. Of course, the journey of domestic substitution never has an endpoint. Estun's breakthrough has set a benchmark for China's high-end manufacturing and also confirmed that independent R&D is always the core path for Chinese enterprises to break through.
From industrial robots to high-end CNC machine tools, and from semiconductor equipment to aerospace supporting facilities, the breakthroughs of China's intelligent manufacturing in the high-end track are continuing. As more and more Chinese enterprises, like Estun, adhere to their original aspiration for independent R&D and anchor a global vision, China's high-end manufacturing will surely write more of its own legends in the global market.