Yifei Technology

Yifei Technology (翼菲科技, 06871.HK) is a Chinese industrial robotics company founded in 2012 by Tsinghua graduate Sai Zhang, who serves as founder and chairman . The company listed on the Hong Kong Stock Exchange in May 2026 as the first light-industry full-category robotics enterprise under Chapter 18C of the listing rules, with its public offering drawing over 14,855 times oversubscription and more than 330,000 retail investors . FreeS Fund led its Series A round and backed it for a decade through the IPO .

The company operates two divisions: Yifei Robot, focused on standardized robot products, and Yifei Automation, handling custom integration projects . In 2023, robot本体 (robot bodies) accounted for just 10% of revenue; that share doubled to 20% in 2024 and was expected to keep climbing as of late 2025 . Its customer base spans BYD, CATL, Foxconn, Lens Technology, Dong-E-E-Jiao, and Unilever across electronics, automotive, pharmaceutical, and consumer goods sectors .

Yifei positions itself as a domestic challenger to the "Big Four" global robotics giants—ABB, KUKA, FANUC, and Yaskawa—and has been pushing into embodied AI since 2023, though Zhang has been selective about applications, arguing that "moving boxes and tightening screws" may not represent genuine demand for humanoid approaches .