On the first day of listing, Lingyi Itech (01688) was listed on the market with an opening price 6.09% higher in the morning. The company is ranked first in the global AI terminal equipment high-precision component market industry.
Hyphens Intelligence Manufacture (01688) made its debut on the market, with each share priced at 10.18 Hong Kong dollars. A total of 8.12 billion shares were issued, with a net proceeds of approximately 8.152 billion Hong Kong dollars. As of the time of writing, the stock has risen by 6.09% to 10.8 Hong Kong dollars, with a trading volume of 6.36 billion Hong Kong dollars.
Lingyi Itech (01688) made its debut on the stock market, with an announcement showing a price of HK$10.18 per share, issuing a total of 812 million shares, with 660 shares per lot, resulting in a net amount of approximately HK$8.152 billion. As of the time of this report, the stock has risen by 6.09% to HK$10.8, with a trading volume of HK$6.36 billion.
Public information indicates that Lingyi Itech is a leading electronic equipment high-precision intelligent manufacturing platform, providing global customers with one-stop manufacturing services and solutions. Leveraging continuous technological development and the company's integration of artificial intelligence manufacturing capabilities, the company offers a full range of products including core materials, high-precision functional components, modules, and high-end assembly. Adhering to the core business philosophy of lean, data-driven, automated, and green operations, the company empowers diverse end markets, covering the fields of AI terminal devices, Siasun Robot & Automation, enterprise-level commercial servers in the electronic equipment sector, as well as the automotive and low-altitude economic sectors.
According to Frost & Sullivan data, based on revenue projections for 2025, the company ranks first in the global AI terminal equipment high-precision functional component market industry, and third in the global AI terminal equipment high-precision intelligent manufacturing platform industry. In addition, the Shenzhen Stock Exchange has announced that, in accordance with the relevant regulations of the "Shenzhen-Hong Kong Stock Connect Business Implementation Measures," adjustments have been made to the list of securities for the Hong Kong Stock Connect, with Lingyi Itech being included effective June 26th.
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