According to the official website of the Hong Kong Stock Exchange, on September 25th, Guangzhou Jifei Technology Co., Ltd. (hereinafter referred to as "Jifei Technology") submitted a listing application to the Hong Kong Stock Exchange, with Huatai International as the exclusive sponsor.
Public information shows that Jifei Technology, headquartered in Guangzhou, was established in 2007. Its main business includes research and development, manufacturing, and sales of intelligent agricultural equipment and smart agricultural management systems, including agricultural drones, agricultural unmanned vehicles, agricultural self driving devices, and agricultural IoT devices, and providing related technical services. Committed to empowering agriculture with robots, artificial intelligence, and new energy technologies.
According to Frost&Sullivan's data, Jifei Technology ranks second in the global agricultural robot and agricultural unmanned aerial vehicle industries in 2024, with market share of 10.7% and 17.1%, respectively.
In terms of finance, the company achieved operating revenue of approximately RMB 605 million, RMB 614 million, RMB 1.066 billion, and RMB 745 million respectively in the three full years of 2022, 2023, and 2024, as well as in the first half of 2025 ending on June 30. Correspondingly, during the aforementioned time periods, the company's total profit and comprehensive income were approximately RMB 254 million, RMB 133 million, RMB 70.407 million, and RMB 130 million, respectively.
Jifei Technology stated in its prospectus that the net proceeds from the IPO will mainly be used for the research and development of agricultural robot products to cover various aspects of crop management, thereby increasing market share and visibility and maintaining its leading position in the agricultural robot industry; Further expand the global sales and service network to enhance global brand awareness, market penetration, and service efficiency; Establish a new headquarters; And used for working capital and general company purposes.
In addition, it is reported that the IPO application of Jifei Technology on the Science and Technology Innovation Board in November 2021 was accepted by the Shanghai Stock Exchange.
