Lingyi Itech (SEHK: 01688) commenced trading on its first day, with the company's announcement indicating an issue price of HK$10.18 per share. A total of 812 million shares were offered, with each board lot comprising 660 shares. The net proceeds from the offering amounted to approximately HK$8.152 billion. At the time of writing, the share price had risen by 7.96% to HK$10.99, with a turnover of HK$849 million.

Company Profile and Market Position

Public information reveals that Lingyi Itech is a premier high-precision intelligent manufacturing platform for electronic devices, offering global clients comprehensive one-stop manufacturing services and solutions. Leveraging continuous technological advancement and integrated AI manufacturing capabilities, the company provides a full product matrix encompassing core materials, high-precision functional components, modules, and premium assembly. Guided by a core operational philosophy of leanness, data-driven processes, automation, and sustainability, the company serves diverse end markets. These include electronic device sectors such as AI terminal devices, robotics, and enterprise-grade commercial servers, as well as the automotive and low-altitude economy fields.

According to data from Frost & Sullivan, based on projected 2025 revenue, the company ranks first in the global high-precision functional components market for AI terminal devices. Furthermore, it holds the third position in the global high-precision intelligent manufacturing platform industry for AI terminal devices. In a separate development, the Shenzhen Stock Exchange issued an announcement stating that, in accordance with relevant provisions of its Shenzhen-Hong Kong Stock Connect implementation rules, the list of securities eligible for Southbound trading has been adjusted. Lingyi Itech has been included in this list, with the change taking effect from June 26.