Orbbec files for Hong Kong IPO after topping global robot 3D vision market with 29% share
智东西 · wechat · 2026-09-28
Orbbec, China's "first robot 3D vision stock," has filed to list H-shares on the Hong Kong Stock Exchange. Ant Group's Shanghai Yunxin holds about 8.92%.
Key numbers
- Revenue grew over 1.6x in three years: RMB 360M (2023), 564M (2024), 941M (2025); first profit in 2025 at RMB 128M; H1 2026 revenue RMB 438M with RMB 40.79M net profit
- 29.0% global share in robot 3D vision sensing by 2025 revenue (No.1); also world's largest dedicated consumer 3D scanner solution maker and biometric payment terminal sensor supplier
- 7,000+ customers including 1,000+ robotics companies; top-5 customer concentration hit 63.9% in 2025, largest customer 30%
- 1,098 employees, 46.4% in R&D; 2,082 patent applications
Watch point: revenue mix is shifting — integrated devices fell from 65.6% (2025) to 46.3% (H1 2026) as sensor products rebounded, leaving profit sustainability an open question.
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