Orbbec (stock code: 688322) announced on September 7 that its controlling shareholder, actual controller, chairman, general manager, and core technical personnel Huang Yuanhao, along with his affiliated platforms, have completed a share reduction plan that has now expired.

As of September 7, 2026, Huang Yuanhao and his concerted parties reduced their holdings by a total of 5,178,201 shares (1.2543% of the company's current total share capital) through centralized bidding and block trades. This included 4,011,440 shares (0.9717%) via centralized bidding and 1,166,761 shares (0.2826%) via block trades. Separately, Xiao Zhenzhong reduced 1,000,000 shares (0.2422%) through centralized bidding, while Zhang Dingjun sold 7,800 shares (0.0019%).

Disclosures show Huang Yuanhao sold 3,056,342 shares through centralized bidding and 760,322 shares via block trades between June 17 and July 1, 2026, at average prices ranging from 120.74 to 135.78 yuan per share, netting approximately 487 million yuan. Following this reduction, Huang retains a 25.46% stake.

Several partnerships controlled by Huang also sold shares: Zhuhai Orbbec Zhongxin Investment Partnership disposed of 785,295 shares at prices between 120.74 and 135.54 yuan, raising about 100 million yuan and retaining 5.24%. Zhuhai Orbbec Zhongrui Investment Partnership sold 147,455 shares at 120.74 to 135.78 yuan, gaining 18.65 million yuan and retaining 0.81%. Zhuhai Orbbec Zhongxin Investment Partnership (a separate entity) sold 125,188 shares, raising 15.77 million yuan at prices of 120.74 to 135.87 yuan, retaining 0.62%. Zhuhai Orbbec Zhongxin Investment Partnership (another entity) sold 125,188 shares at 120.74 to 135.48 yuan, also gaining 15.77 million yuan and retaining 0.62%. Zhuhai Orbbec Zhongcheng Investment Partnership reduced 95,040 shares at 120.74 to 135.51 yuan, raising 11.86 million yuan and retaining 0.37%. Zhuhai Orbbec Zhongtai Investment Partnership sold 83,371 shares at 120.74 to 135.87 yuan, gaining 10.35 million yuan and retaining 0.27%. All these partnerships are controlled by Huang Yuanhao, who serves as their executive partner.

Xiao Zhenzhong, the company's director, CTO, and core technical personnel, sold 1,000,000 shares at prices between 124.50 and 139.00 yuan, cashing out 125 million yuan and reducing his stake to 2.08%. Zhang Dingjun, a company employee representative, sold 7,800 shares, raising 967,200 yuan and retaining 0.0183%.

The timing appears strategic, with Huang and Xiao executing sales at relatively high prices before the July share price decline. At today's close, Orbbec shares traded at 95.79 yuan, giving the company a market value of 39.5 billion yuan.

Where things stand

Founded in 2013, Orbbec specializes in 3D visual perception technology, with core operations spanning the design, development, production, and sale of 3D vision sensors. The company serves clients across robotics, 3D scanning, biometric identification, and global developers, offering high-performance 3D vision sensors and comprehensive robot and AI vision solutions. Orbbec positions itself as the "eyes of robots" and a central platform for machine and AI vision in the era of artificial intelligence and robotics.

The company has secured numerous leading industry clients through its strong product development capabilities, mass production capacity, and efficient customer service. It continues to expand its 3D vision product portfolio across AIoT, robotics, data collection, 3D printing, biometrics, and industrial 3D measurement, establishing itself as one of the world's key 3D vision sensor suppliers.

Financial overview and Hong Kong listing plans

For the first half of 2026, Orbbec reported revenue of 438 million yuan, up 0.49% year-on-year from 435 million yuan. Net profit reached 41.64 million yuan, down 30.82% from 60.19 million yuan in the prior-year period. Non-GAAP net profit was 23.04 million yuan, a decrease of 23.67% from 30.19 million yuan. Operating cash flow totaled 13.91 million yuan, a sharp decline of 83.51% from 84.36 million yuan in the same period last year.

The company is preparing for a listing on the Hong Kong Stock Exchange, stating that this move aims to deepen its globalization strategy, build an international capital platform, diversify financing channels, and enhance its overall competitiveness and global influence.