Lingyi Itech (Guangdong) Company (HKG: 01688) made its debut on the Hong Kong Stock Exchange today. The company's initial public offering was priced at HK$10.18 per share, with a total of 812 million shares issued. Each board lot comprises 660 shares, and the net proceeds from the offering are approximately HK$8.152 billion.

In early trading, the stock opened strongly, rising 6.09% to HK$10.8 with a turnover of HK$636 million. The company is a leading high-precision intelligent manufacturing platform for electronic devices, offering global clients comprehensive one-stop manufacturing services and solutions.

Leveraging continuous technological development and integrated artificial intelligence capabilities, the company provides a full range of products, including core materials, high-precision functional components, modules, and premium assembly. Guided by its core operational principles of lean production, data-driven processes, automation, and sustainability, the company serves diverse end markets.

These markets span electronic device sectors such as AI terminal equipment, robotics, and enterprise-grade commercial servers, as well as the automotive and low-altitude economy fields. According to data from Frost & Sullivan, the company ranks first globally in the high-precision functional component market for AI terminal equipment and third in the high-precision intelligent manufacturing platform industry for AI terminal equipment, based on projected 2025 revenue.

In a related development, the Shenzhen Stock Exchange announced an adjustment to the list of securities eligible for the Shenzhen-Hong Kong Stock Connect program, effective June 26. Lingyi Itech has been added to this list, allowing mainland investors to trade the stock through the connect scheme.