人形机器人公司智元创新宣布启动赴港上市流程[1]。成立三年来，公司实现了快速增长，首年营收30万元，2024年增至6000余万元，2025年突破10.5亿元，一季度已超10亿元，全年目标40亿元[1]。在全球市场中，智元占据领先地位，2025年累计下线15000台机器人，单月产能从1000台提升至万台级别，按年产能可达10万台以上[1]。根据Omdia报告，2025年全球通用人形机器人出货量约13000台，智元以5168台占39%的市场份额，位列全球第一[1]。
邓泰华系公司实际控制人，电子科技大学毕业，在华为工作20余年，先后执掌无线和计算产品线，现任董事长兼CEO[1]。公司采用港股独立IPO加A股产业协同的双资本平台战略[1]，去年收购了科创板上市公司上纬新材，通过协议转让加部分要约收购方式拿下至少63%股份，交易总额约21亿元[1]。基石投资人给出目标估值400亿到500亿港元，公司内部曾提出800亿港元预期[1]。投资人透露公司最快8月完成港股上市[1]。
Zhiyuan Innovation, a humanoid robot manufacturer, has initiated its process to list on the Hong Kong Stock Exchange [1]. The announcement came on the day Hong Kong's new listing rules took effect [1].
Since its founding, the company has demonstrated rapid growth. It generated 300,000 yuan in revenue during its first year of operation, increased that figure to over 60 million yuan in 2024—a roughly 200-fold increase—and reached 1.05 billion yuan in 2025, with first-quarter revenues already exceeding 1 billion yuan and an annual target of 4 billion yuan [1]. On the manufacturing front, the company has accumulated 15,000 units delivered, scaling monthly production capacity from 1,000 units to over 10,000 units, translating to an annual capacity of more than 100,000 units [1]. According to an Omdia report, Zhiyuan captured 39 percent of the global humanoid robot market in 2025, shipping 5,168 units out of approximately 13,000 units worldwide and ranking first globally [1].
Deng Taiwa, the company's actual controller, founder, chairman and CEO, brings over two decades of experience from his tenure at Huawei, where he held leadership positions across wireless and computing product lines [1]. He is a graduate of the University of Electronic Science and Technology of China [1]. Last year, Zhiyuan acquired Shangwei New Materials, a Science and Technology Innovation Board–listed company, through a combination of agreement-based transfer and partial tender offer, securing at least 63 percent of shares for approximately 2.1 billion yuan [1]. The company is pursuing a dual-capital strategy combining a standalone Hong Kong IPO with A-share industrial synergies [1]. Cornerstone investors have valued the company between 40 billion and 50 billion Hong Kong dollars [1], though company insiders have expressed expectations of 80 billion Hong Kong dollars [1]. Investors indicate the company could complete its Hong Kong listing as soon as August [1].