Honor

Honor Device Co., Ltd. has initiated its IPO on the A-share market, filing for guidance with the CSRC. The company restructured to a joint-stock entity in late 2024, a key step towards public listing. Shenzhen Zhixin New Information Technology Co., Ltd. holds a controlling stake. With the backing of multiple investors including China Mobile and China Telecom, Honor aims to fuel its strategic growth through public markets.

Honor CEO Li Jian announced the company’s entry into robotics, highlighting a prototype robot capable of 4 meters per second, potentially surpassing competitors like Unitree Robotics. This launch, backed by a $10 billion investment over five years, follows Honor’s “Alpha Strategy” focusing on AI and robotics. Subsidiaries like Guiyang and Harbin Xingyao Terminal Co., Ltd. have been established to support their robotics endeavors, indicating a growing trend in the smart hardware market.

Honor executives, including CEO Li Jian, discussed the company’s IPO plans after launching the Honor 400 series. CFO Peng Qiuen confirmed completed shareholding restructuring and engagement of financial advisors, legal counsel, and accounting firms. The IPO timing will depend on market conditions and strategic development, aiming for stakeholder satisfaction. This follows Honor’s legal transformation into a joint-stock limited company. The company intends to pursue an IPO to fuel strategic growth.

Honor CEO Li Jian launched the “Global Million Eagles Program” and opened a personal microblog for direct engagement. The event also showcased Honor’s robotics, highlighting a platform achieving a new running speed benchmark. The upcoming Honor 400 series was previewed, with an emphasis on user feedback, challenging established market leaders. Li, formerly of Huawei, has a strong background in strategic management.