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KRS Launches STAR Market Subscription
China's top CNC machine tool maker KRS raises 682 million yuan via STAR Market listing.
In brief
China's top CNC machine tool maker KRS raises 682 million yuan via STAR Market listing. KRS, China's leading all-direct-drive CNC machine tool company, raised 682 million yuan through STAR Market subscription at 45.37 yuan per share. Originally reported by BigGo Finance.
KRS launches STAR Market subscription
On October 29, Guangdong KRS CNC Technology Co., Ltd. launched its online subscription on the STAR Market at an issue price of 45.37 yuan per share.
Expected net proceeds of 682 million yuan
The company expects net proceeds of about 682 million yuan (approximately $102.5 million) to fund a CNC machine tool production base and R&D into next-generation intelligent CNC systems.
China's top-selling all-direct-drive CNC maker
KRS is China's top-selling domestic maker of all-direct-drive CNC machine tools with customers including Foxconn and Luxshare Precision.
U-series PWM system breaks Heidenhain monopoly
KRS's U-series PWM CNC system broke Germany's Heidenhain monopoly in this field and offers an alternative to mainstream systems from Siemens, Heidenh.
Revenue growth to 409 million yuan
Revenue grew from 253 million yuan in 2023 to 409 million yuan in 2025, with gross margin rising above 52%.
Accounts receivable concerns
At the end of 2025, accounts receivable reached 60.83% of revenue, with 32% overdue, and the Shanghai Stock Exchange focused on collection and bad-debt provisioning.
KRS's technical strength
KRS employs ultra-high-frequency PWM servo control technology and its self-developed GACC motion control algorithm.
KRS holds 271 patents
As of the end of the reporting period, the company held 271 patents, including 107 invention patents.
KRS ranks first in all-direct-drive sales
According to a Frost & Sullivan report, KRS ranked first among Chinese manufacturers in all-direct-drive CNC machine tool sales in 2024.
KRS's customer base
The company has served more than 700 customers cumulatively, including Foxconn, Everwin Precision, Luxshare Precision, Sunwoda, Zhaowei Machinery & Electronics and Amphenol.
Tianyuan Heavy Industry also lists
Also subscribing on the same day as KRS is Tianyuan Heavy Industry (920306.BJ) on the Beijing Stock Exchange.
Market impact for investors
For investors, the task is to weigh two opposing threads: growth curve versus cash-flow pressure from receivables equal to more than 60% of revenue.
The short version
KRS, China's leading all-direct-drive CNC machine tool company, raised 682 million yuan through STAR Market subscription at 45.37 yuan per share.
