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LeiDi Wang Lei Jianping April 1
Rokai (Shandong) Robot Group Co., Ltd. (referred to as &#34;Rokai Robot&#34;) recently updated its prospectus and is preparing to list on the Hong Kong Stock Exchange.
Rokai Robot has passed the IPO filing with the China Securities Regulatory Commission and has obtained the key to listing.
Annual Revenue of 520 Million with a Loss of 179 Million
Rokai Robot (ROKAE) was established in 2015 and focuses on the research, development, production, and large-scale implementation of embodied intelligent products such as industrial robots, flexible collaborative robots, and humanoid robots.
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Rokai Robot relies on its fully self-developed core technology to build a robot product and application ecosystem, covering industrial, commercial, and medical fields, providing customers with products and automation solutions.
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The prospectus shows that Rokai Robot's revenue for 2023, 2024, and 2025 is expected to be 267 million, 325 million, and 522 million yuan, respectively; gross profit is expected to be 30.57 million, 71.19 million, and 114 million yuan, with gross margins of 11.4%, 21.9%, and 21.9%, respectively.
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Rokai Robot's losses for 2023, 2024, and 2025 are expected to be 157 million, 192 million, and 179 million yuan, respectively; the loss rates during the period are expected to be 59%, 59%, and 34.4%.
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Rokai Robot's adjusted net losses for 2023, 2024, and 2025 are expected to be 101 million, 72.47 million, and 41.67 million yuan, respectively.
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As of December 31, 2025, the cash and cash equivalents held by Rockstone Robotics amount to only 14.8 million.
Xianghe Fund and Meihua Venture Capital are shareholders
The executive directors of Rockstone Robotics are Tuo Hua, Tang Shengtian, Dr. Wang Hao, Song Bin, and Zhang Lei, while the non-executive director is Dr. Yu Shihua, and the independent non-executive directors are Zhang Peilin, Ms. Zhang Rui, and Ms. Chen Manli. Tuo Hua serves as the chairman of the board and general manager, and Tang Shengtian is the CFO and secretary of the board.
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Before the IPO, Tuo Hua held 13.46% of the shares, the Zou Cheng Rockstone Brothers held 8.48%, and the Zou Cheng Ru Rock Brothers held 6.96%; Meihua Venture Capital held 4.23% through Tibet Meiling and 0.71% through Hubei Meihua, totaling 4.94%.
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Jiaxing Yuanshi held 2.89% and 2.05%, the National Manufacturing Transformation and Upgrade Fund held 9.67%, Pinghu Jinluo held 3.68%, and Jinsha River Phase III held 1.97%, while Zhongxin Botong held 0.17%.
Nanfang Hope held 6.96%, Golden Growth III held 6.44%, Xianghe Fund held 5.88%, Shenzhen Capital Group held 2.91%, Beijing Yitang held 0.77%, Yuan Wing Yongxuan held 3.46%, TR Victory held 3.29%, Zou Cheng New Momentum held 2.42%, Zou Lu Fund held 2%, and Su Xiang Fund held 1.86%.
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Yixing Environmental Science Park held 1.72%, Fenglongxing held 1.71%, Qingkong Ginkgo held 1.25%, Huida Luxin held 1.2%, Yanzhou Mining Capital held 1.18%, Tianqi Zefeng held 1.03%, Quanzhou Shanyue held 0.6%, Ms. Jiao Shaoling held 0.34%, Zhang Yong held 0.32%, Tianjin Qihui held 0.21%, and Ms. Tian Zheng held 0.17%.
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珞石(山东)机器人集团股份有限公司

300024

ROKAE plans to list on the Hong Kong Stock Exchange and has obtained IPO filing. The company expects revenue of 520 million yuan in 2025 but will incur a loss of 179 million yuan. ROKAE was established in 2015 and focuses on the research and development and production of industrial robots and related products. The prospectus shows that from 2023 to 2025, annual revenue and gross profit will grow year by year, but losses will also persist. The company currently has cash and cash equivalents of only 14.8 million yuan, with major shareholders including Xianghe Fund and Meihua Venture Capital

Rockstone Robotics rushes to the Hong Kong stock market: 2025 revenue of 520 million, loss of 179 million, has obtained IPO filing