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Robot-Dog Maker Deep Robotics Seeks $370 Million Shanghai IPO

Published: May. 19, 2026 6:35 p.m. GMT+8

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Deep Robotics exhibits a quadruped robot dog in Guangzhou on Dec. 5, 2025. Photo: VCG

Hangzhou robot maker Deep Robotics is seeking to raise 2.5 billion yuan ($367.6 million) in a Shanghai listing, after turning profitable in 2025 on revenue that more than tripled.

The filing adds to a rush of Chinese robotics companies seeking public capital as the country pushes embodied AI and industrial automation, with investors weighing rapid growth against still-early commercial adoption.

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Deep Robotics seeks 2.5 billion yuan in Shanghai listing after turning profitable in 2025; revenue grew to 337 million yuan from 103 million in 2024.
It recorded a net profit of 28.7 million yuan in 2025; government subsidies of 11.9 million yuan contributed over one-third of profit.
The company sells quadruped robots for industrial uses; humanoid robot sales were small (four units in 2024-2025). Inventory rose sharply to 124 million yuan.

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...: Chinese: 杭州机器人公司“绝影机器人”申请科创板上市，拟募资25亿元。公司2025年扭亏为盈，营收3.37亿元，主要来自四足机器人。政府补贴贡献超三分之一净利润。人形机器人销量仍小。 English: Hangzhou's Deep Robotics seeks 2.5 billion yuan in Shanghai IPO, turning profitable in 2025 with revenue tripling to 337 million yuan. The quadruped robot maker benefits from government subsidies, while humanoid robot sales remain minimal. It joins other Chinese robotics firms seeking public capital.

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