New stock first day | Huaxida (00901) first listed on the market with a morning rise of 100.61%. The company is a provider of smart home solutions.

(00901) made its debut on the stock market, with an announcement revealing that the offering price was HK$32.8 per share, issuing a total of 19.2073 million shares, with a trading unit of 100 shares. The net proceeds amounted to approximately HK$570 million. As of the time of reporting, the stock price has increased by 100.61%, trading at HK$65.8 per share with a turnover of HK$125 million. Public information shows that Huaxida is a provider of smart home products for corporate clients, committed to enhancing home application experiences through smart technology. The company's smart home products include both hardware and software products. In the past, the company's revenue mainly came from the sales of hardware products, specifically digital video equipment and network communication equipment. Smart home products refer to a comprehensive home ecosystem that connects and manages all smart devices in the house, enabling whole-house network coverage and device interaction. Unlike smart home product providers that directly sell their own branded products to consumers, the company, as a provider of smart home products for corporate clients, develops and sells digital video equipment and network communication equipment under the brand of its corporate clients, and provides system platforms and services.