--- title: "Yifei Intelligent obtains IPO filing: Revenue of 180 million in the first 9 months with a loss of 130 million" type: "News" locale: "en" url: "https://longbridge.com/en/news/279103697.md" description: "Yifei Intelligent Technology Co., Ltd. recently obtained IPO filing and plans to list on the Hong Kong Stock Exchange. In the first nine months of 2025, the company generated revenue of 180 million yuan and incurred a loss of 126 million yuan. Yifei Intelligent focuses on the design, research and development, and manufacturing of industrial robots, providing comprehensive solutions that cover various robotic products. Projects expected to be completed in 2026 will bring stable future income to the company. The value of new customer contracts in 2025 is approximately 600 million yuan" datetime: "2026-03-14T01:10:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279103697.md) - [en](https://longbridge.com/en/news/279103697.md) - [zh-HK](https://longbridge.com/zh-HK/news/279103697.md) --- # Yifei Intelligent obtains IPO filing: Revenue of 180 million in the first 9 months with a loss of 130 million LeiDi Network, Lei Jianping, March 14 Zhejiang Yifei Intelligent Technology Co., Ltd. (referred to as "Yifei Intelligent") has recently obtained IPO filing and is preparing to list on the Hong Kong Stock Exchange. Yifei Intelligent reported a revenue of 180 million yuan in the first nine months of 2025, with a loss of 126 million yuan during the same period. Revenue of 180 million and a loss of 130 million in the first nine months According to reports, Yifei Intelligent is an industrial robotics company focused on the design, research and development, manufacturing, and commercialization of industrial robots, providing comprehensive robotic solutions and deeply engaging in light industrial application scenarios. Yifei Intelligent has carefully designed a product portfolio of industrial robots for China's light industrial application scenarios, covering parallel robots (Bat series), AGV/AMR mobile robots (Camel series), SCARA robots (Python series), wafer handling robots (Lobster series), and six-axis industrial robots (Mantis series), and possesses independently developed core technologies—control and vision systems (Gorilla and Kingkong series). Based on the robot product portfolio, Yifei Intelligent also provides intelligent automation system solutions to address specific application scenarios in smart manufacturing. Yifei Intelligent offers solutions with varying degrees of customization to support a wide range of automation functions, including loading and unloading, sorting, picking and placing, packaging, visual inspection, assembly, and gluing systems. During the track record period, Yifei Intelligent's main projects primarily involved direct sales of robotic solutions to direct customers, focusing on automation in warehousing logistics, loading and unloading applications, and packaging and assembly fields. As of September 30, 2025, Yifei Intelligent still maintains a robust future revenue stream from projects expected to be completed in 2026. The specific models used in Yifei Intelligent's flagship robotic solutions include the Bat series, Camel series, Python series, Mantis series, and vision systems. In 2025, new customer contracts valued at over approximately 600 million yuan were added, with new contracts valued at about 121 million yuan in the fourth quarter of 2025. The prospectus shows that Yifei Intelligent's revenues for 2022, 2023, and 2024 were 162 million, 200 million, and 268 million yuan, respectively; gross profits were 43.25 million, 36.87 million, and 71.02 million yuan, respectively; and losses during the period were 57.55 million, 111 million, and 71.5 million yuan, respectively Yifei Intelligent's revenue for the first nine months of 2025 was 180 million yuan, compared to 105 million yuan in the same period last year; gross profit was 43.01 million yuan, compared to 25 million yuan in the same period last year; the loss for the period was 126 million yuan, compared to a loss of 66.84 million yuan in the same period last year. Yifei Intelligent's adjusted net losses for 2022, 2023, and 2024 were 52.84 million, 106 million, and 52.33 million yuan, respectively; the adjusted net loss for the first nine months of 2025 was 78.2 million yuan. As of September 30, 2025, Yifei Intelligent held cash and cash equivalents of 79.32 million yuan. JiaShi Robotics is a shareholder. The executive directors of Yifei Intelligent are Dr. Zhang Sai, Zhang Zichao, Sun Tongliang, and Dou Zhiyuan; the non-executive directors are Li Shengkai, Wang Mike, and Song Pengfei; the independent non-executive directors are Xiong Minghua, Ms. Zhou Shuang, Ms. Zhao Fengmei, and Wu Qingyao. Before the IPO, Dr. Zhang controlled approximately 25.07% of the voting rights at the company's shareholder meeting, including approximately 11.17% directly beneficially owned by him, approximately 8.76% beneficially owned by Shaoxing Ziqiu, where Dr. Zhang serves as the general partner, approximately 2.72% beneficially owned by Shaoxing Yuzhang, where Dr. Zhang serves as the general partner, and approximately 2.41% beneficially owned by Shaoxing Zhiqiu, where Dr. Zhang serves as the general partner. Yuhuan Guotou holds 9.69%, Kuandai Chengbo holds 8.69%, Shanghai Fengrui holds 6.44%, Yuhuan Investment holds 6.35%, Qingkong Yinxing holds 5.15%, Jiaxing Runze holds 4.12%, Changchun Teng Innovation holds 3.65%, Jiasi Robotics holds 2.56%, Feitu Xinyuan holds 2.32%, Ivory One holds 2.16%; Xincheng Li Chenxin holds 1.97%, Fengchi Dianche holds 1.56%, Si Shaohua holds 1.55%, Chongtian Intelligent holds 1.52%, Changchun Ivy Entrepreneurship holds 1.47%, Chuzhe Zhixin holds 1.41%, Jianhu Yuehu holds 1.39%, Shanghai Qingwang holds 1.38%, Guoke Yingfeng holds 1.23%, Yuandu Growth holds 1.16%; Smart Beauty holds 1.09%, Ms. Wu Xingtiao holds 1.07%, Yao Lisheng, Wang Yanfeng, and Tong Xinmiao each hold 0.77%, Qidi Zhixing holds 0.75%, Yike No. 1 holds 0.65%, Ningbo Yiyi holds 0.59%, Fengchi Dianche No. 2 holds 0.55%; Quanzhou Shenglian holds 0.52%, Lv Dalong holds 0.5%, Wanxiang Holdings and Cao Ejiang Construction Development each hold 0.49%, Zhang Kaifeng holds 0.16%. ——————————————— ### Related Stocks - [06871.HK](https://longbridge.com/en/quote/06871.HK.md) ## Related News & Research - [China’s Caifu Robot More Than Doubles Industrial Robot Payload World Record](https://longbridge.com/en/news/286548367.md) - [Figure AI's robots can make a bed faster than you](https://longbridge.com/en/news/285805765.md) - [Xiao-I Corp (ADR) trading halted, news pending](https://longbridge.com/en/news/285798899.md) - [Duke Robotics Corp. 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