Financing deals drop from 30 to 9: The surgical robotics boom is over, who will survive?

Three years ago, capital was chasing investment opportunities; today, many investors are unwilling to even review projects. The number of financing deals in China’s surgical robotics sector has dropped from approximately 30 in 2021 to just nine in 2024. Meanwhile, a contrasting scene is emerging in the industry heading into 2026: Zhenjiankang Medical has listed on the Hong Kong Stock Exchange, while companies such as Shurui Robotics and Huake Jingzhun continue their push toward the capital markets. On the surface, this appears to be an IPO boom, but behind the scenes, it resembles more of a survival race to “secure time and cash.” Surgical robotics have not suddenly lost their value. What has truly ended is the era when “simply building a robot could command a high valuation.”

businesstimes cnAug 17 14:12

True Health Medical Wins 2.8 Million Yuan Equipment Contract; Shares Gain 5%

MT NewswiresAug 13 11:03

Zhen Jiankang Medical surges, partnering with Tianjin Embodied Intelligence Innovation Center to co-build an embodied intelligence healthcare ecosystem. The company has deep expertise in the minimally invasive interventional sector.

True Health Medical (02697) rose more than 8%. As of the time of writing, it was up 7.34% at HK$790, with a trading volume of HK$7.47 million.

Zhitong FinanceAug 12 11:14

Zhito Hong Kong Market Morning Brief | Domestic Surgical Robots Enter Accelerated Phase of Global Expansion; China Literature Group (0772.HK) Reports 10.68% Year-on-Year Increase in Interim Revenue

Guosen Securities stated in a research report that domestically developed surgical robots are entering an accelerated phase of international expansion. Attention should be paid to leading companies that possess three key attributes: technology comparable to international standards, cost-performance advantages, and commercialization leadership.

Zhitong FinanceAug 12 07:18

Market Snapshot | All three major indices rose, with the Hang Seng Tech Index gaining nearly 1%; PCB concept and semiconductor stocks strengthened, with Kingboard Laminates up over 10% and Hua Hong Hongli up nearly 5%; gold stocks advanced, with Zijin Gol

Technology and internet stocks rose broadly, with SenseTime-W up 2.28% and Alibaba-W up 1.83%; non-ferrous metal stocks advanced across the board, with Zijin Gold International up 10.16% and CMOC Group up 8.65%; semiconductor stocks also saw widespread gains, with GigaDevice up 5.70% and Hua Hong Hongli up 4.74%.

Futu NewsAug 5 16:26

HK Market Alert | Zhenjiankang Healthcare (02697) Surges Over 13% to Hit Record High as Domestic AI-Powered Upgrades Advance Early-Stage Lung Cancer Screening and Treatment; Company Continues Expanding AI and Digital Health Initiatives

True Health Medical (02697) rose more than 13%, hitting an intraday high of HK$850, a record since its listing. As of the time of writing, it was up 13.29% at HK$844, with a trading volume of HK$35.3578 million.

Zhitong FinanceAug 5 14:03