First day of new stock | "Hangzhou Six Little Dragons" first stock Qunhe Technology (00068) opens 171.65% higher. The company is a global leading provider of space intelligence services.

Quanneng Technology (00068) made its debut on the stock market, with an announcement showing a pricing of 7.62 Hong Kong dollars per share, issuing a total of 161 million shares, with 500 shares per lot, resulting in net proceeds of approximately 1.092 billion Hong Kong dollars. As of the time of writing, the stock rose by 171.65% to 20.7 Hong Kong dollars, with a trading volume of 577 million Hong Kong dollars. According to public information, "Hangzhou Six Little Dragons" under Quanneng Technology is a benchmark force in the field of hard technology in Hangzhou, covering multiple cutting-edge tracks such as spatial intelligence, Siasun Robot&Automation, and brain-machine interfaces. Quanneng Technology is a global leader in space intelligence services, building a "space editing tool - space data - space large model" flywheel system. Its business ranges from assisting humans in creating 3D content to helping intelligent bodies improve the intelligent level of three-dimensional environments. The company mainly targets the space design software market and, according to Frost & Sullivan data, is the largest provider in China with a 23.2% market share based on revenue projections for 2024. The company has expanded to include humanoid artificial intelligence training and e-commerce product displays, enabling the company to enter a broader market for general design and visualization software, where China's space design software only accounts for 4.4% in 2024.