IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
Robotphoenix 06871.HK	Advanced hardware and software	30.5	100	3,080.75	2026/05/13	2026/05/15	2026/05/18
UISEE Tech 01511.HK	Application Software	60.3	50	3,045.40	2026/05/15	2026/05/19	2026/05/20
Top NC 07688.HK	Industrial Machinery	26.39	100	2,665.61	2026/05/15	2026/05/19	2026/05/20

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

Robotphoenix
06871.HK

Advanced hardware and software

30.5

100

3,080.75

2026/05/13

2026/05/15

2026/05/18

UISEE Tech
01511.HK

Application Software

60.3

3,045.40

2026/05/15

2026/05/19

2026/05/20

Top NC
07688.HK

Industrial Machinery

26.39

100

2,665.61

2026/05/15

2026/05/19

2026/05/20

Summary

We are an enterprise specialising in the R&D, design, production and sales of high-end intelligent manufacturing equipment, comprising primarily five-axis computerized numerical control (“CNC”) machine tools, in China. We focus on developing five-axis CNC machine tools to address the demand for advanced manufacturing in China’s aviation and aerospace sector. According to the CIC Report, in 2025, we ranked first in China’s aviation and aerospace five-axis CNC machine tool market with a market share of 10.0%, fifth among all suppliers and second among domestic suppliers in China’s five-axis CNC machine tool market, with a market share of 3.9%. According to the same source, five-axis CNC machine tools represent a foundational industrial manufacturing equipment, with growing adoption across industries due to their superior precision, efficiency and intelligent machining capabilities. The market size of five-axis CNC machine tools is expected to increase from RMB12.9 billion in 2025 to RMB31.9 billion in 2030, with a CAGR of 19.8%. During the Track Record Period, we had expanded our market presence into the general industrial sector including automotive, energy, medical equipment, shipbuilding, machine tool equipment and die and mould manufacturing. Our Products Portfolio and Applications During the Track Record Period, we generated revenue from the sales of (i) aviation and aerospace intelligent manufacturing equipment, (ii) compact general industrial five-axis machine tools, (iii) large-span carbon fiber composite five-axis machine tools, as well as (iv) provision of repair and maintenance services. Our products were primarily customised and produced on an order-by-order basis. We started to enhance our offerings by introducing large-span carbon fiber composite five-axis machine tools to the market in FY2025. Details of our product portfolio are as follows: (i) Aviation and aerospace intelligent manufacturing equipment. Our aviation and aerospace intelligent manufacturing equipment comprise specialised CNC process equipment and five-axis CNC machine tools specifically engineered for the aviation and aerospace sector. They are particularly suited for manufacturing key aviation and aerospace components, including aircraft skins and structural frames, rocket fuel tanks and riveted cabin sections, and engine components such as turbine discs, casings, combustion chambers and pump vales. Our products deliver machining capabilities including precision milling, friction stir welding, robotic automated drilling and riveting and large-component assembly, which combined the technical advantages of having an extended working range, high spatial positioning accuracy, heavy-load and high-rigidity. (ii) Compact general industrial five-axis machine tools. Our compact general industrial five-axis machine tools are versatile five-axis CNC machine tools under three-meter span designed for machining of small-to-medium components in the general industrial sector, which support multiple machining processes including milling, turning, drilling and boring. They are applied across various downstream industries for manufacturing battery housings and motor components for automotives, artificial bones for medical equipment, and propellers for shipbuilding etc. Our compact general industrial five-axis machine tools demonstrate high process adaptability across various materials and geometrics while featuring a user-friendly interface, thereby providing the general industrial sector with accessible channels to industrial-grade precision machining. (iii) Large-span carbon fiber composite five-axis machine tools. Our large-span carbon fiber composite five-axis machine tools refer to advanced five-axis CNC machine tools featuring gantry structures with span ranging from three meters to a maximum of 15 meters, designed for machining of massive monolithic components in the general industrial sector. Unlike conventional metal-based machine tools, with the use of carbon fiber composites across all moving parts, our large-span carbon fiber composite five-axis machine tools exhibit the technological advantages of lightweight properties, high-dynamic performance, extended operating range, micron-level accuracy and advanced thermal and vibration control capabilities. They are applied across industries for manufacturing integrated vehicle body parts for automotives, hull structures for shipbuilding, and large structural components in energy applications etc., where demands exist for production and processing of massive and high-precision structures. We first sold large-span carbon fiber composite five-axis machine tools in FY2025. We generated revenue of RMB24.4 million from the sales of six large-span carbon fiber composite five-axis machine tools in FY2025. According to the CIC Report, we are the world’s first and only manufacturer that sold machine tools which fully applied carbon fiber composite materials across all moving parts. Source: Top NC (07688) Prospectus (IPO Date : 2026/05/12)
Listing Market	MAIN
Industry	Industrial Machinery
Background	H Shares
Major Business Area	China

Corporate Information

Substantial Shareholders	Wang Yuhan (Total share: 32.56%); (H share: 32.46%) Li Yuhao (Total share: 7.93%); (H share: 6.99%) Guo Hui (Total share: 6.71%); (H share: 6.28%) Shanghai CDH Fushun Investment Partnership (Limited Partnership) (Total share: 4.67%); (H share: 5.15%)
Directors	Wang Yuhan (Founder and Chairman and General Manager and Executive Director) Li Yuhao (Executive Director) Yao Bin (Executive Director) Li Qingfeng (Non-Executive Director) Li Yonghao (Non-Executive Director) Feng Hutian (Independent Non-Executive Director) Liu Yueheng (Independent Non-Executive Director) Yang Jianguo (Independent Non-Executive Director)
Company Secretary	Wang Jinsen Yau Tsz Lun
Principal Bankers	China Construction Bank Bank of China Corporation Limited
Solicitors	Jingtian & Gongcheng LLP Jingtian & Gongcheng
Auditors	Ernst & Young
Registered Office	Room 1917, 19/F, Lee Garden One, 33 Hysan Road, Causeway Bay, Hong Kong
Share Registrars	Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No	(852) 2980-1333
Internet Address	https://www.topnc.com.cn
Email Address	top-ir @topnc.com.cn
Tel No	(86 021) 6498-0399
Fax No

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