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Shanghai stereolithography specialist that claims the largest SLA market share in China, with industrial SLA systems, DLP machines, resins and its own print-management software. It has been preparing a listing on Shanghai’s STAR Market since 2022.

Status

Private

Headquarters

Shanghai, China

Founded

2000

Ownership

Investor-owned; founders have exited, Lianxin Capital-led group holds about 18 per cent

Technologies

SLA, DLP

1. 2000
   2000

   Founded in Shanghai

   Source

2. 2002
   2002

   Starts working with Materialise

   Source

3. 2015
   2015

   Sells 162 systems in a year

   Before 2012 it had been selling between one and 15 units a year.

   Source

4. 2020
   2020

   Turnover of about 45 million dollars

   Systems and materials combined. Resin sales had grown from 20.4 tonnes in 2014 to 531.4 tonnes in 2019.

   Source

5. 2021
   Dec 2021

   Raises 200 million yuan in a Series D

   About 31 million dollars, led by Dening Capital, with Evonik’s venture arm among the investors.

   Source

6. 2022
   2022

   Begins preparing a STAR Market listing

   Source

7. 2023
   2023

   Leads growth in industrial vat photopolymerization category

   Per Context research, UnionTech and Formlabs led growth in the industrial vat photopolymerization category over 2023; domestic Chinese unit sales of its machines were up 66 per cent year on year in Q2 2023, though shipments then fell 28 per cent year on year in Q3 2023 against a strong Covid-recovery comparison.

   Source

8. 2026
   Jun 2026

   Drops STAR Market plan, files for Hong Kong listing instead

   UnionTech filed a main-board listing application with the Hong Kong Stock Exchange around 26-29 June 2026, with Haitong International as sole sponsor, after years of preparing a Shanghai STAR Market listing.

   Source

9. Jun 2026

   Prospectus shows swing from profit to loss and back

   The listing prospectus shows adjusted net profit of 14.6 million yuan in 2023, an adjusted net loss of 42.06 million yuan in 2024, and a return to an adjusted net profit of 10.61 million yuan in 2025, on annual revenue of about 560 million yuan with a net loss of 31.39 million yuan; cash and equivalents stood at 149 million yuan at the end of 2025.

   Source

10. Jun 2026

    Founders have left the company before listing

    The prospectus discloses that founders Zou Bo and Zhao Yi no longer work at UnionTech, with Zhao Yi retaining a 2.41 per cent stake and Zou Bo holding none; chairman Xu Hai, a partner at pre-IPO investor Lianxin Capital, leads a shareholder group that signed a concert-party agreement in January 2023 controlling about 18.12 per cent of the shares, alongside other pre-IPO backers including Evonik Venture Capital and Zhongtai Securities' venture arm.

    Source

Last checked 4 Oct 2026. Informational only, not investment advice. Timeline entries are compiled by hand from public sources and can lag real events. Figures come from company reports and news, not from us. Private companies rarely publish financials; where a figure is not disclosed we say so instead of estimating it. This page as JSON, free to use with a credit: open data.