On July 30, 2026, COSMOPlat IoT Technology Co., Ltd. (hereinafter referred to as 'COSMOPlat IoT'), headquartered in Laoshan District, Qingdao, Shandong Province, filed a prospectus with the Hong Kong Stock Exchange, proposing an initial public offering (IPO) on the Hong Kong Main Board. This marks its second application following the lapse of its previous filing submitted on January 30, 2026.
Core Business
Established in 2017 and formerly known as Haier Industrial Holdings Limited, COSMOPlat IoT is a member company of Haier Group. As a leading Chinese provider of industrial digital intelligence products and solutions, COSMOPlat IoT has independently developed the COSMOPlat industrial internet platform powered by industrial foundation models. The company has built a deeply integrated technical architecture combining industrial intelligent software and agent applications, industrial operating systems and industrial brains, and IoT systems with edge computing, delivering end-to-cloud integrated data intelligence and IoT products and solutions to enterprises to support their digital and intelligent transformation.
COSMOPlat IoT’s products and solutions have achieved large-scale commercial adoption, with deep penetration across vertical sectors including home appliances, machinery and equipment, electronics, automotive, and energy and chemicals, serving over 9,600 paying customers to date. According to Frost & Sullivan:
In 2025, by revenue, COSMOPlat IoT ranked first in China’s platform-based industrial data intelligence solutions market, with a market share of 1.7%;
In 2025, by revenue, COSMOPlat IoT ranked first in China’s edge-end intelligent controllers market for the home appliance industry, with a market share of 4.3%;
The COSMOPlat industrial internet platform, driven by industrial foundation models and rooted in the company’s extensive experience in mass customization and Haier Group’s 40 years of smart manufacturing expertise, is among the first batch of platforms certified by China’s Ministry of Industry and Information Technology as a ‘Cross-Industry and Cross-Domain Industrial Internet Platform’ and has topped the ranking for seven consecutive years.
Focusing on the high-value transformation of industrial data, the COSMOPlat industrial internet platform integrates technologies such as the Internet of Things (IoT), big data, and artificial intelligence to deconstruct the entire manufacturing process into seven modules: demand interaction, R&D, marketing, procurement, production, logistics, and services. It encapsulates complex industrial workflows into replicable and scalable industrial intelligent software products and end-to-cloud integrated solutions, enabling cross-industry and cross-domain deployment and serving as a catalyst for numerous enterprises transitioning toward smart manufacturing and mass customization models.
Built upon the COSMOPlat industrial internet platform, COSMOPlat IoT is committed to developing and delivering integrated industrial intelligence products and solutions under a ‘platform + software + hardware’ model, including: (i) data intelligence solutions centered on end-to-end digital intelligence and green transformation of clients’ business operations; and (ii) IoT solutions featuring embedded software-enhanced hardware that empowers clients’ products with enhanced intelligence and full lifecycle management capabilities.
Shareholding Structure
According to the prospectus, in the equity structure of COSMOPlat prior to its Hong Kong listing,
Haier Group Corporation holds 78.04% of the voting rights and is the controlling shareholder.
Directors and Senior Management
The board of directors of COSMOPlat IoT consists of nine directors, including:
Two executive directors:
Mr. Chen Lucheng (Chairman);
Mr. Chai Jiqiang (General Manager and Employee Representative Director);
Four non-executive directors:
Mr. Zhou Yunjie (Chairman of Haier Group's Board of Directors and Chief Executive Officer);
Mr. Zhan Bo (Director and Senior Vice President of Haier Group);
Mr. Liu Chao (Chief Information Officer of Haier Group);
Mr. Jia Qiuran (Investment Director and Deputy General Manager of Chengtong Fund's Investment Department);
3 Independent Non-Executive Directors:
Ms. Kong Yu (Former Partner at PwC);
Mr. Feng Guohua (Former CEO of Kingdee International, Former Vice President of IBM China, and Former Vice President of Microsoft China);
Mr. Gu Chunyuan (Chairman of ABB China);
In addition to executive directors, senior management includes:
Ms. Xie Haiqin (Deputy General Manager);
Mr. Feng Xingzhi (Deputy General Manager);
Ms. Xian Chunyan (Chief Financial Officer);
Mr. Liu Ming (Secretary to the Board of Directors and Joint Company Secretary);
Company performance
According to the prospectus, in the past fiscal years 2023, 2024, 2025, and the first three months of 2026, Haier Cosmo IoT reported revenue from continuing operations of RMB 4.994 billion, RMB 5.069 billion, RMB 6.351 billion, and RMB 1.475 billion, respectively, with corresponding net profits of -RMB 0.21 billion, RMB 0.75 billion, RMB 1.73 billion, and RMB 0.19 billion.
Intermediary Team
The main intermediaries for Haier Cosmo IoT’s IPO are as follows:
China International Capital Corporation (CICC) and HSBC serve as joint sponsors;
Ernst & Young as auditor;
King & Wood Mallesons as its PRC legal counsel;
Clifford Chance as its Hong Kong and U.S. legal counsel;
Zhong Lun served as Chinese legal counsel to the sponsor;
Slaughter and May as Hong Kong and U.S. legal counsel to the underwriters;
Milestone Capital served as its compliance advisor.
Frost & Sullivan served as its industry consultant.