Nov 17, 2025 03:33 PM (GMT+8) · EqualOcean
Topstar (拓斯达), an A-share listed company, is planning to issue H-shares and list on the Hong Kong Stock Exchange to advance its globalization strategy. Following a strategic transformation to "focus on products and shrink projects," the company's performance has recovered substantially. Data shows net profit attributable to the parent company reached RMB 49.3365 million in the first three quarters of 2025, a year-on-year increase of 446.74%. This growth is mainly due to increased product-based business revenue and high gross margins, while project-based revenue, like intelligent energy systems, declined over 55%. Additionally, Topstar has formally entered the humanoid robot track by releasing its first humanoid robot product, "Xiao Tuo" (小拓), initially for the injection molding sector.

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