Han's Robot

Positioning

Han's Robot — rebranded Guangdong Huayan Robotics Co., Ltd. in March 2025 — is a Shenzhen/Foshan-based collaborative-robot (cobot) maker incubated by Han's Laser Technology Group (002008.SZ), building full-stack cobots plus in-house motors, servo drives and motion controllers. It is China's second-largest cobot manufacturer and the country's largest cobot exporter by overseas revenue in 2024, and listed on the Hong Kong Stock Exchange (1021.HK) on Mar-30-26 raising over HK$1.37bn. The distinguishing point is vertical integration of core motion components (which it also sells externally) and a move into humanoid joint modules; the open question is high related-party revenue concentration with Han's Laser and a near-term net loss expected in 2025.

Facts, with sources

• 1 Mar 2026IPO on HKEX Mainboard (1021.HK) at HK$17.00/shareFunding round · robottoday.com
• 1 Dec 2025Launched Elfin High-speed Collaborative Robot and S60 Heavy-duty Robot at Japan iREX exhibitionProduct launch · baike.baidu.com/en/item/Guangdong Huayan Robotics
• 1 May 2025Equity transfer and restructuring into a joint-stock company; registered capital raisedOwnership change · baike.baidu.com/en/item/Guangdong Huayan Robotics
• 1 Apr 2025Official debut at FABTECH Mexico 2025 under the Huayan brandProduct launch · roboticstomorrow (via Tracxn)

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Scores, Robotics (of 10)

Traction: deployment, production, commercials, progress. Capability: technology, positioning, firepower, leverage.

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