Main主页 / companies / candidates / hikrobot
candidate
Hangzhou Hikrobot杭州海康机器人
Industrial machine vision, code reading and autonomous mobile robots for intralogistics. Carved out of Hikvision and filed for a standalone ChiNext listing.
工业机器视觉、读码与厂内物流自主移动机器人（AMR）。自海康威视分拆，已申报创业板独立上市。
- PROVISIONAL — NOT VERIFIED待定条目 — 未经核验
This record is provisional.本条目为待定状态。 It hasn't been through the checks the rest of the map has, so it carries no source references or diligence score, and the index won't hold it. The blockers below say what would have to change. 它还没走完地图其余部分都走过的核验流程，所以没有来源引用，也没有尽调评分， 指数不会持有它。下面的阻塞项写着要先解决什么。
What it doesIndustrial machine vision, code reading and autonomous mobile robots for intralogistics. Carved out of Hikvision and filed for a standalone ChiNext listing.
在干什么工业机器视觉、读码与厂内物流自主移动机器人（AMR）。自海康威视分拆，已申报创业板独立上市。
Why it mattersTwo things. First, the existing hikvision caveat says Hikrobot is not separately disclosed. That is no longer true. The IPO record now carries four consecutive years of standalone revenue and three of standalone net income. Second, if it lists it becomes the first listed Chinese machine-vision-plus-AMR pure play, a P01/P03/P17 node the index has no access to today.
为何重要两点。其一，现有 hikvision 记录的风险提示写着“海康机器人未单独披露”——这已不成立，IPO 材料已披露连续四年独立收入与三年独立净利润。其二，若成功上市，它将是中国第一家上市的“机器视觉与 AMR”纯标的，也是本指数目前完全无法触及的 P01、P03、P17 节点。
Caveat
It is not listed. The application has sat with the Shenzhen exchange since March 2023, passed two rounds of enquiry and been suspended four times for stale financial data; the status cycled from suspended to under enquiry and back to suspended on 2026-03-31, then to under enquiry again on 2026-04-09.
The regulator's stated concerns are related-party transaction fairness, business independence and the reliability of financial data, and Hikrobot has relied on the parent for contract manufacturing, with supplier overlap of 46-60% and customer overlap of 13-15% against Hikvision. Those are precisely the questions the file's exclusion rules exist to price.
Separately, do not merge the entity series with the parent's segment line: Hikrobot the legal entity grew 8.82% in FY2025 while Hikvision's robotics-business segment printed +28.34% in H1 2026 on revenue of RMB 4.028bn. That is either re-acceleration or a scope difference, and until it is reconciled the two series are not comparable.
风险提示
它尚未上市。申报自 2023 年 3 月受理至今，两轮问询、四次因财务资料过期中止；2026-03-31 由“已问询”转“中止”，2026-04-09 又回到“已问询”。
监管关注点为关联交易公允性、业务独立性与财务数据可靠性；海康机器人长期依赖母公司代工，与海康威视供应商重叠 46%–60%、客户重叠 13%–15%。这正是本文件排除规则要定价的问题。
另外，切勿把主体口径与母公司分部口径合并：法人主体 2025 年收入同比 +8.82%，而海康威视 2026 上半年“机器人业务”分部收入 40.28 亿元、同比 +28.34%。这要么是重新加速，要么是口径差异；在调平之前，两组数字不可比。
Bottlenecks瓶颈 P01 Multimodal sensing & calibration多模态传感与标定 · P03 Fusion & state estimation融合与状态估计 · P17 Integration, uptime, service集成、在线率与服务 · P18 Vertical workflow ROI垂直工作流 ROI
- Proposed for
- companies
- Class
- private
- Country
- CN
- HQ
- Hangzhou, China
- Ticker confidence
- probable
- Systems
- senses · body · work
- Parent record
- hikvision
- Evidence
- [object Object] · [object Object] · [object Object] · [object Object]
- Proposed by
- brain-senses-blood
- Confidence
- 82
- Translated fields
- what_it_does_zh · why_it_matters_zh · caveat_zh