Constituents  ›  Han's Robot

Han's Robot华沿机器人

1021.HK Industrial robots
Index weight
0.84%
Rank #32 of 41
Market cap
$1.4B
USD, live
PAI exposure
80%
Revenue from Physical AI
HQ
Foshan
Founded 2017

About

Leading collaborative robot company in China, ranked #2 domestic and top-5 global with 10.3% and 3.5% market share respectively (2024). Originally incubated by Han's Laser, pursuing IPO on HKEX. Critically, Huayan is the only major Chinese cobot company that sells core motion components externally — positioning itself as the "CATL of the robotics era" by supplying motors, drives, and joint modules to humanoid robot makers rather than competing with them. CEO Wang Guangneng: "Many humanoid robot companies have become our customers. I don't want them to see us as competitors." In 2025, officially began supplying motors and cobots to leading Chinese humanoid robot companies. Has developed dedicated humanoid joint modules integrating frameless torque motors, precision reducers, 19-bit encoders, and force sensors for humanoid upper limbs. IPO earmarks HKD 128M (~USD 16.5M) specifically for humanoid robot core components including micro servo drives, hollow cup motors, and humanoid joint modules. 20+ years of motion control R&D. Addresses two critical humanoid bottlenecks: dependence on imported joint modules (>60% of costs) and weak alignment between motion control algorithms and hardware.

Foshan, Guangdong · Founded 2017 · Company website

Why in the Index

Industrial and collaborative robotics maker, part of the Han's Laser group. Cobots, AGVs, and humanoid-component R&D.

PAI exposure of 80% reflects the share of trailing-twelve-month revenue attributed to Physical AI activities. See methodology §4 for inclusion criteria and §6 for how PAI exposure scales the weight.

Key Physical AI activities

  • E-series Collaborative Robots · Collaborative RobotFlagship cobot line for industrial automation and human-robot collaboration
  • S-series Collaborative Robots · Collaborative RobotAdvanced cobot series for precision applications
  • Frameless Torque Motors · MotorMax torque 72Nm, torque density 18.7Nm/kg, <1% torque ripple. Primary actuators for humanoid robot joints. Sold externally to humanoid makers.
  • Servo Drives · Drive5KHz current loop bandwidth, 100KHz PWM frequency. Joint control systems for cobots and humanoid robots.
  • Humanoid Joint Modules · Joint ModuleDual-joint design integrating frameless torque motors, precision reducers, 19-bit high-resolution encoders, and force sensors. Specifically designed for humanoid robot upper limbs.
  • Precision Motion Platforms · Motion Platform±0.015mm repeatability for fine manipulation tasks

Key investors

  • Han's Laser
  • Youshan Capital (优山投资)
  • China Merchants Capital
  • Yuecai Fund
  • CASTIC Investment (国科投资)
  • Hillhouse Capital
  • GF Fund
  • Morgan Stanley
  • Vertex Ventures (祥峰投资)

Milestones

  • 2017-09Founded, incubated by Han's Laser (大族激光)
  • 2020-09Series A: RMB 165M led by Suzhou Tengxin
  • 2021-06Series B: RMB 395M led by Youshan Capital and China Merchants Capital
  • 2022-04Series B+: RMB 200M led by Yuecai Fund
  • 2024Ranked #2 domestic cobot maker (10.3% share), top-5 global (3.5%). First profitable year (net profit RMB 17.87M)
  • 2025Began supplying motors and cobots to leading Chinese humanoid robot companies
  • 2025Developed dedicated humanoid joint modules for upper limb applications
  • 2025-03Rebranded from Han's Robot (大族机器人) to Huayan Robotics (华沿机器人)
  • 2026-03-30IPO on HKEX (1021.HK) at HK$17/share. Raised ~USD 179M. Post-IPO valuation ~USD 1.2B. Cornerstones: Hillhouse, GF Fund, Morgan Stanley, Vertex Ventures. HKD 128M earmarked for humanoid robot core components.

Competitive position

Primarily a collaborative robot company, not exclusively humanoid. Funding excluded from humanoid robotics totals. Strategic "partner/embedded" model — supplies core components to humanoid robot manufacturers rather than building competing products. Only major Chinese cobot maker with external component sales. Revenue: RMB 109M (2022), 175M (2023), 310M (2024, +77% YoY), 281M (2025 Q1-Q3, +36% YoY). Turned profitable in 2024 (net profit RMB 17.87M) after RMB -83.37M loss in 2022; returned to loss in 2025 9M (RMB -15.59M) due to R&D investment. Top 5 customers >50% of revenue. Cash position ~RMB 101M (Sep 2025). Post-IPO valuation ~USD 1.2B. Per Frost & Sullivan, global humanoid robot components market projected 59.5% CAGR 2024-2029. Formerly known as Han's Robot (大族机器人), rebranded to Huayan in March 2025.

Recent activity

No events tracked yet — this company is monitored daily.

Disclaimer

This profile is part of the China Physical AI Index — a public information product published by Tech Buzz China for informational and educational purposes only. It is not investment advice and is not a recommendation regarding Han's Robot or any other security. Company data is based on public filings and TBC research; revenue-exposure estimates are point-in-time and subject to update. See the full methodology §11 and disclaimer page.