The first day of new shares | Yunying Valley Technology (03310) first listed, opening 22.44% higher in early trading, leading in sales of AMOLED display driver chips in mainland China.
Cloudtech Valley Technology (03310) made its trading debut, with an announcement showing that each share was priced at 20.81 Hong Kong dollars. A total of 52.8592 million shares were issued, with 200 shares per lot. The net proceeds amounted to approximately 1.019 billion Hong Kong dollars. As of the time of writing, the stock price had risen by 22.44% to 25.48 Hong Kong dollars, with a trading volume of 127 million Hong Kong dollars.
Cloud Valley Technology (03310) made its debut on the stock market, the announcement shows that the price per share is 20.81 Hong Kong dollars, with a total of 52.8592 million shares issued, and 200 shares per hand, with a net amount of approximately 1.019 billion Hong Kong dollars. As of the time of writing, it has risen by 22.44% to 25.48 Hong Kong dollars, with a trading volume of 127 million Hong Kong dollars.
According to Frost & Sullivan's report, based on the sales volume in 2024, Cloud Valley Technology is the fifth largest supplier in the global smartphone AMOLED display driver chip market, and also the largest supplier in mainland China. The company is dedicated to providing reliable and high-performance display driver solutions for consumer electronics brand companies.
After more than ten years of development, Cloud Valley has become a brand in the display industry with technology as its core, and has always emphasized value creation for brand companies. According to Frost & Sullivan's report, the company is the first in mainland China to be certified by brand companies and the only AMOLED display driver chip company with a cumulative shipment of over ten million chips to brand companies. Meanwhile, the total sales volume of the company in 2024 has exceeded 50 million chips.
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