New Stock News | Ruiwei Technology (07656) Hong Kong public offering oversubscribed by 3646.06 times, becoming the first visual body intelligent stock listed on July 8th.

Hong Kong stock "the first stock of visual embodied intelligence" Ruwei Technology (07656) announced the results of the distribution. The company globally issued 28.087 million H shares, with 20% of the shares publicly sold in Hong Kong and 80% internationally. The sale price per share is 21.66 Hong Kong dollars, with a net raise of about 529 million Hong Kong dollars globally. Each lot consists of 200 shares, and it is expected that the H shares will start trading on the Hong Kong Stock Exchange on the morning of July 8, 2026 (Wednesday). The public sale in Hong Kong was oversubscribed 3646.06 times, while the international sale was oversubscribed 3.08 times. Ruwei Technology's IPO was well received by the market mainly due to its solid business fundamentals and technological barriers. As an enterprise-level AI company, Ruwei Technology has been deeply involved in the field of visual intelligence for 14 years, successfully building a three-layer technological architecture of "foundation technology - integration technology - component technology." In terms of commercialization, the company has not blindly pursued the trend of large general models, but has accurately entered into three major high-growth scenarios: civil aviation, commercial space, and safe driving. According to Frost & Sullivan data, based on the 2025 revenue, Ruwei Technology ranks first in China's civil aviation enterprise visual intelligent product market with a market share of 8.7%, and ranks fourth in China's commercial space enterprise visual intelligent product market with a market share of 1.7%. In addition to a solid foundation in visual perception, Ruwei Technology's strategic leap in embodied intelligence has opened up valuation imagination space for the capital market. The company is shifting its technological focus from simple "visual perception" to a complete closed-loop extension of "perception - cognition - physical execution." In September 2025, the company launched the "Xiao Ant" luggage transfer Siasun Robot & Automation. In April 2026, the company iteratively released the new VTFLA end-to-end embodied large model, integrating visual, tactile, and force perception in the traditional VLA (vision-language-action) framework and concurrently starting the research and development of the wheeled dual-arm Siasun Robot & Automation. The ability to reuse the visual intelligence infrastructure accumulated over more than a decade in multiple scenarios has made it a rare AI target in the Hong Kong stock market with both profit quality and expansion flexibility. Financial data shows that Ruwei Technology is at a critical stage of transition from the investment period to the harvest period. The company's revenue increased from 242 million yuan in 2023 to 443 million yuan in 2025, with a compound annual growth rate of up to 35.2%, showing strong growth momentum.