- Hangzhou robotics firm wraps up pre-listing process in under four months
- Latest to advance among “Hangzhou Six Dragons” tech cohort
DEEP Robotics (云深处科技) has completed the mandatory pre-listing tutoring process for a planned STAR Market debut on the Shanghai Stock Exchange, bringing the Hangzhou-based robotics firm a step closer to filing for an initial public offering.
China Securities, a stock brokerage firm, submitted a report to the Zhejiang securities regulator on April 16 confirming the completion of the process, according to Chinese media.
The company is expected to file its prospectus with the Shanghai exchange in coming months.
In China’s capital markets, companies must appoint a qualified sponsor to conduct due diligence, compliance rectification and application preparation before seeking approval to list.
The filing shows DEEP Robotics completed its tutoring in a single phase from December 23, 2025 to April 16, 2026, with issues limited to labor contracts and internal controls.
The startup began the tutoring process, the first step on an IPO journey, after signing an agreement with China Securities, Zhong Lun Law Firm and Pan-China Certified Public Accountants LLP on December 8.
The latest progress makes it the latest among the so-called “Hangzhou Six Dragons” to move toward public markets.
Early last month, spatial intelligence pioneer Manycore Tech (群核科技) listed in Hong Kong, becoming the first of the group to go public.
Meanwhile, cross-town robotics rival Unitree Robotics (宇树科技) had its STAR Market IPO application accepted in March. Brain-computer interface developer BrainCo (强脑科技) has also confidentially filed to list on the Hong Kong Stock Exchange.
Founded in 2017, DEEP Robotics specializes in embodied intelligence, developing quadruped and humanoid robots as well as core components like joint modules.
A benchmark for industrial application
Its flagship “Jueying” quadruped robots, including the industry-grade X20 and X30 as well as the smaller Lynx M20 series and Lite3, have been deployed for autonomous inspections in substations. The company claims its recognition accuracy has reached 96.5%.
The solution has been adopted in more than 100 substations by operators including State Grid and China Southern Power Grid. Its products are also used in emergency response, security patrols and industrial maintenance, with deployments spanning over 50 countries and more than 1,200 industry scenarios.
The company said it ranked first globally in market share for quadruped robot industry applications in 2025, though no independent data was cited.
