Hai Robotics Company Profile: Business, Financials and Hong Kong IPO Plans
Updated: 7 days ago
Hai Robotics is a Chinese company that makes autonomous case-handling robots, which pick totes and cartons directly from tall warehouse shelving. Revenue reached RMB 2.02 billion in 2025, but the company is still loss-making and has twice applied to list in Hong Kong. This profile sets out its business, results and listing plans.
Hai Robotics at a Glance
Fact | Detail |
Company | Hai Robotics |
Country | China |
Main product | HaiPick case-to-person system, introduced in 2017 |
Revenue | RMB 2.02 billion in 2025 |
Net loss | RMB 828 million in 2025 |
Market position | Largest provider of case-handling robots worldwide, by its own filing |
Stock listing | None yet; Hong Kong application renewed in September 2026 |
Business
Hai Robotics introduced HaiPick in 2017. The robots travel through warehouse aisles and lift cases from shelving to deliver them to picking stations, a category the industry calls autonomous case-handling robots. A deployment includes workstations, storage equipment, control software and support services.
The company claims to be the largest provider of such robots in the world by 2024 revenue and shipments, and a study it commissioned puts its 2025 share above 30%.
Financial Performance
Period | Revenue | Net loss |
2023 | RMB 807 million | RMB 1.01 billion |
2024 | RMB 1.36 billion | RMB 1.26 billion |
2025 | RMB 2.02 billion | RMB 828 million |
First half of 2026 | RMB 1.12 billion | RMB 431 million |
Revenue grew two and a half times in two years and the loss narrowed in 2025, but losses remain large in relation to sales.
Customer concentration
The largest customer, a global online fashion retailer, accounted for 30.4% of revenue in the first nine months of 2025. Sales to that customer, which began in 2022, rose from RMB 143 million in 2024 to RMB 384 million in those nine months.
Hong Kong Listing Plans
Date | Step |
February 13, 2026 | First application filed |
August 13, 2026 | First application expires |
September 13, 2026 | Application renewed |
Goldman Sachs and CITIC Securities are joint sponsors. Chinese regulators have asked questions about shares issued to new investors in the twelve months before the filing.
Note: this section is general information, not investment advice.
Strengths and Challenges
Strengths
A leading position in its robot category.
Very fast revenue growth.
Challenges
Continuing heavy losses.
Nearly a third of revenue from one customer.
A listing that has not yet been completed.
Current Catalogue Coverage
Catalogue checked on 15 October 2026: 6 associated product records. The links below are representative entries, rather than a claim that every historical model is currently available.
Hai Robotics FAQ
Is Hai Robotics publicly traded?
Not yet. It renewed its application to list in Hong Kong in September 2026.
What does Hai Robotics make?
Autonomous case-handling robots for warehouses, sold as the HaiPick system.
How big is Hai Robotics?
Revenue was RMB 2.02 billion in 2025.
Is Hai Robotics profitable?
No. It reported a net loss of RMB 828 million for 2025.
How dependent is Hai Robotics on its largest customer?
One online fashion retailer accounted for 30.4% of revenue in the first nine months of 2025.
Sources
Remio: Hai Robotics IPO filing returns to Hong Kong
