SDMC (00901) made its debut on the stock exchange today. According to the company's announcement, the shares were priced at HKD 32.8 each, with a total of 19.2073 million shares issued. Each lot consists of 100 shares, and the net proceeds from the issuance amount to approximately HKD 570 million. As of the latest update, the stock surged by 100.61%, trading at HKD 65.8, with a turnover of HKD 125 million.

Public information indicates that SDMC is a provider of smart home solutions for enterprise clients, dedicated to enhancing home application experiences through intelligent technology. The company offers a range of smart home products, including both hardware and software solutions. Historically, the majority of its revenue has been generated from the sale of hardware products, specifically digital video equipment and network communication devices.

Smart home products refer to an integrated home ecosystem that connects and manages all smart devices within a household, enabling whole-home network coverage and device interaction. Unlike smart home product providers that sell their own branded products directly to consumers, SDMC operates as a provider for enterprise clients. The company develops and sells digital video equipment and network communication devices under client brands, while also offering system platforms and related services.