On the first day of listing, Shanghai Longcheer Technology (09611) was first listed. The company opened 12.9% higher in the morning session. The company is a leading global ODM manufacturer of smart products.

Shanghai Longcheer Technology (09611) made its debut on the stock market. The announcement shows that each share was priced at 31 Hong Kong dollars, with a total issuance of 52.2591 million shares. The proceeds amounted to approximately 1.521 billion Hong Kong dollars. At the time of writing, the stock rose by 12.9% to 35 Hong Kong dollars, with a trading volume of 239 million Hong Kong dollars. Public information shows that Shanghai Longcheer Technology is a leading global provider of intelligent products and services, offering solutions to global renowned smart product brands and leading tech companies - including product research, design, manufacturing, and support. The company mainly competes in the global consumer electronics ODM market, a sub-sector of the global smart product ODM market, which is part of the global smart product manufacturing industry. According to Frost & Sullivan data, based on the 2024 consumer electronics ODM shipment volume, Shanghai Longcheer Technology is the second largest consumer electronics ODM manufacturer globally, holding a market share of 22.4%; based on the 2024 smartphone ODM shipment volume, the company is the largest smartphone ODM manufacturer globally, with a market share of 32.6%.