New stock on the first day | Changhong Chenxin (03277) first listed at a high opening of 80.54% in the morning. The company ranks third in the global industrial and scientific imaging CIS market.

Changguang Chenxin (03277) is listed for the first time, with an announcement showing a price of HK$39.88 per share, issuing a total of 65.2942 million shares, with 100 shares per lot, raising a net amount of approximately HK$2.504 billion. As of the time of writing, the price has increased by 80.54% to HK$72, with a turnover of HK$692 million. The prospectus shows that Changguang Chenxin is a provider of CMOS image sensors. Since its establishment, the company has been focusing on the research and development of CMOS image sensors, offering nine product series that are widely used in advanced technology fields such as industrial imaging, scientific imaging, professional imaging, and medical imaging. The company's products play a crucial role in improving the performance and imaging quality of industrial cameras, scientific cameras, professional film cameras, and other imaging devices. According to Frost & Sullivan data, as of 2024, the company ranks third in global CIS companies for industrial imaging revenue, with a market share of 15.2%. Additionally, in terms of scientific imaging revenue for 2024, the company ranks third among global CIS companies, with a market share of 16.3%. The industrial imaging and scientific imaging CIS markets are dominated by a few international and regional leaders. Based on 2024 revenue, the industrial imaging CIS market and scientific imaging CIS market account for approximately 2.1% and 0.8%, respectively, of the global CIS market.