Global leading intelligent product design and manufacturing provider Longcheer Technology (Hong Kong stock code: 09611.HK, A-share code: 603341.SH) successfully listed on the main board of the Hong Kong Stock Exchange today, achieving a dual "A+H" share listing. The stock opened at HK$35, marking a 12.18% increase from its issue price of HK$31.2 per share. Excluding handling fees, a profit of HK$400 could be made per lot of 100 shares. In the previous day's grey market trading, the stock surged nearly 20%, closing at HK$37.12.

The secondary listing in Hong Kong attracted significant market attention. The Hong Kong public offering portion of Longcheer Technology's shares received an enormous oversubscription of approximately 1,149.76 times. The international placement portion was also oversubscribed by 9.02 times. Due to the intense demand in the public offering, the final offer price was set at the upper limit of the price range (HK$27.3 to HK$31.2).

Founded in 2004, Longcheer Technology is a core ODM (Original Design Manufacturer) service provider for global products such as smartphones, tablets, and smart wearables. The company has built a "1+2+X" product matrix, focusing on smartphones as the core, while prioritizing the development of personal computing and automotive electronics businesses, and expanding into multiple emerging product categories including smart glasses. According to industry data, the company's shipment volume in areas like smartwatches/wristbands already ranks among the global leaders, and it is a leading provider of smart glasses, with related product shipments exceeding 2 million units in 2024.

Financial data reveals the company has a substantial and growing revenue base, increasing from RMB 29.34 billion in 2022 to RMB 46.38 billion in 2024. However, as a large manufacturing enterprise, its net profit margin remains relatively thin, with annual profits ranging between RMB 493 million and RMB 603 million during the same period. A positive signal is the improving trend in the company's overall gross profit margin, which rose from 5.8% in the first three quarters of 2024 to 8.3% in the same period of 2025, indicating initial success for the company's strategy focused on high-quality growth.