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Zhe Jiang Headman Machinery Co Ltd

Zhe Jiang Headman Machinery Co.,Ltd., together with its subsidiaries, engages in the research, design, development, production, and sale of computer numerical control (CNC) lathes in China and internationally. The company offers multi-axis turning centers, vertical lathes, horizontal turning centers, T series gang-type tools, HCL series, and automation products. It also provides machining centers, industrial robots and workstations, and industrial automatic control system devices; and machine tools, auto parts and accessories, electronic components, building metal fittings, and plumbing parts. In addition, the company engages in the import and export of goods and technology. Its products are used in the automobile manufacturing, construction machinery, general equipment, military, and robotics industries. The company was formerly known as Zhejiang Heideman Machine Tool Manufacturing Co., Ltd. and changed its name to Zhe Jiang Headman Machinery Co.,Ltd. in December 2015. Zhe Jiang Headman Machinery Co.,Ltd. was incorporated in 1993 and is headquartered in Yuhuan, China.

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Zhejiang Headman lowers private placement fundraising cap by 350 million yuan, drops working capital replenishment

The board of Zhejiang Headman has approved an adjustment to its 2026 plan to issue shares to specific investors, cutting the total amount to be raised from no more than 1.517 billion yuan to no more than 1.167 billion yuan, a reduction of 350 million yuan. The working capital replenishment item in the original plan has been cancelled, while two physical projects are retained: the high-end composite machine tool industrialization project and the high-end precision machine tool and robot hardware intelligent manufacturing research and development project. The amounts planned for these two projects remain unchanged at 917 million yuan and 250 million yuan respectively. The company said the adjustment is based on overall planning and coordinated arrangements and is being made within the scope authorized by the shareholders' meeting. Apart from the above changes, other contents of the original issuance plan remain unchanged. The issuance still needs to be reviewed and approved by the Shanghai Stock Exchange and registered with the China Securities Regulatory Commission before it can be implemented.
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Robotics & Physical AI2

Zhejiang Headman Machinery plans private placement to raise up to 1.517 billion yuan for high-end compound machine tools and robot hardware R&D

Zhejiang Headman Machinery plans to raise a total of no more than 1.517 billion yuan through a new private placement, to be used for a high-end compound machine tool industrialization project, a high-end precision machine tool and robot hardware intelligent manufacturing R&D project, and to supplement working capital. The high-end compound machine tool industrialization project will receive 917 million yuan, accounting for over 60 percent of the total funds raised, and will expand production capacity for the existing T-series high-end CNC lathes and automated production lines, as well as complete the industrialization layout for products such as horizontal machining centers and five-axis simultaneous machining centers. The R&D project will receive 250 million yuan, focusing on key technology breakthroughs in high-end precision machine tools and robot hardware intelligent manufacturing. An additional 350 million yuan will be used to supplement working capital. The company stated that the production scale of robot components provides an incremental market for the CNC machine tool industry, and high-precision CNC lathes have become core processing equipment for key robot components such as RV reducers and harmonic reducers. The overall construction period for the project is expected to be three years, with average annual operating revenue of 1.07 billion yuan and net profit of 140 million yuan from the year of full production, which is the sixth year, to the end of the operating period, which is the thirteenth year, and an internal rate of return of 11.49 percent. The application for this share issuance to specific investors has been accepted by the Shanghai Stock Exchange.
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Zhejiang Headman's Application for Private Share Placement Accepted by Shanghai Stock Exchange

Zhejiang Headman announced that on July 3, 2026, it received an acceptance notice from the Shanghai Stock Exchange. The exchange determined that the application documents are complete and comply with statutory requirements, and decided to accept the application and proceed with review in accordance with the law. The share issuance still requires approval from the Shanghai Stock Exchange and registration clearance from the China Securities Regulatory Commission, and there are uncertainties involved.
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Zhejiang Headman Machinery Changes Sponsor to GF Securities

Zhejiang Headman Machinery announced on July 3, 2026 that it has signed a sponsorship agreement with GF Securities, appointing it as the sponsor for its 2026 A-share private placement. Under relevant regulations, when a company applies to issue securities again and engages a new sponsor, it must terminate the sponsorship agreement with the original sponsor, and the new sponsor will take over any remaining continuous supervision duties from the original sponsor. As a result, Guolian Minsheng Securities will no longer perform the corresponding continuous supervision responsibilities. GF Securities has appointed Mr. Guo Liangliang and Ms. Fan Liqin as the sponsor representatives for this issuance, responsible for the sponsorship and continuous supervision work related to this offering.
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