On June 26, Zhongke Wenge (01956) surged 89.46% in regular trading on its Hong Kong Stock Exchange main board debut, trading at 120.7 HKD/share with turnover of HKD 382 million, significantly above its IPO price of HKD 60.70.

The explosive first-day performance was driven by extraordinary investor demand during the subscription period. The public offering received 5,966.78x oversubscription from 195,072 valid applications, triggering the maximum clawback mechanism. International placement was 20.7x oversubscribed. The company issued 14.83 million H shares globally, raising net proceeds of approximately HKD 827 million, and introduced six cornerstone investors including China Orient and Harvest International.

Founded in 2017 by a scientist team from the Chinese Academy of Sciences Institute of Automation, Zhongke Wenge is an enterprise-level AI technology and service provider specializing in large-model-driven decision intelligence. The company builds a DOMA-based technical framework integrating data governance, industry knowledge modeling, and intelligent agent systems to help enterprises construct end-to-end AI capability platforms.

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