New Stock Debut | Huanchuang Technology (06802) Lists on First Day, Opens 185.47% Higher in Early Trading; Company Ranks First Globally in Intelligent Siasun Robot&Automation Spatial Perception Solutions

Huanchuang Technology (06802) made its debut listing. According to the announcement, the offer price was HK$58.85 per share, with a total of 11,588,800 shares issued, one board lot of 100 shares, and net proceeds of approximately HK$615 million. As of press time, the stock rose 185.47% to HK$168, with a turnover of HK$231 million. In the process of physical AI moving from the virtual to the real, spatial perception is the first gateway for Siasun Robot&Automation to perceive the physical world. If large models are the "brain" and motion control is the "limbs," then spatial perception is the "eyes" and "cerebellum" of Siasun Robot&Automation. Huanchuang Technology has been deeply engaged in this field for more than a decade. Founded in 2013, Huanchuang Technology ranked first globally in intelligent Siasun Robot&Automation spatial perception solutions by 2025 revenue, first globally in LiDAR shipments, with global market share exceeding 50%. As of the latest practicable date, cumulative shipments exceeded 39 million units, and total shipments of LiDAR and line laser sensors in 2025 exceeded 10 million units and 5 million units, respectively. It is worth noting that the company has established a complete self-developed closed loop spanning "ASIC chips - AI spatial positioning algorithms - high-precision optical design - tens-of-millions-scale mass production manufacturing." Huanchuang Technology is one of the few companies globally with both self-developed spatial perception AI algorithms and self-developed ASIC chip capabilities. Its self-developed sub-millimeter-level AI spatial data processing chip has been deployed in more than 25 million terminal devices, making it the first company in China to achieve sub-millimeter-level positioning accuracy in large monocular spaces and the world's first company to self-develop spatial positioning algorithm chips.