Group 1 - The core viewpoint of the article highlights the successful IPO of Cloudwalk (02670), with shares priced at HKD 95.60 and a total issuance of 6.9 million shares, raising approximately HKD 593 million in net proceeds [1] - As of the report, Cloudwalk's stock surged by 49.37%, trading at HKD 142.8 with a transaction volume of HKD 290 million [1] - Cloudwalk is recognized as a leading AI-enabled robotics service technology company, providing adaptable and scalable products and services, including robots and AI digital systems [1] Group 2 - Cloudwalk holds a leading position in China's robotics service market, with a projected market size of RMB 3.7 billion in 2024 and a 6.3% domestic revenue share, ranking first in the market [1] - The market for robotics service agents in China is expected to grow to RMB 13.5 billion by 2029, with a compound annual growth rate (CAGR) of 29.3% from 2024 to 2029, driven by advancements in AI technology and increasing demand for high-quality, efficient services [1]

Core Viewpoint - The company has successfully completed its global offering, raising approximately HKD 593.3 million through the issuance of 6.9 million H-shares at a price of HKD 95.6 per share [1] Group 1: Offering Details - The global offering consisted of 6.9 million H-shares, with 20% allocated to the Hong Kong public offering and 80% to international placement [1] - The Hong Kong public offering was oversubscribed by 5,657.20 times, while the international offering was oversubscribed by 18.62 times [1] Group 2: Trading Information - The H-shares are expected to commence trading on the Hong Kong Stock Exchange on October 16, 2025, at 9:00 AM Hong Kong time [1]

Group 1 - Cloudtrace (2670.HK) is listed today [1] - Guanghe Tong (0638.HK) and Jushuitan (6687.HK) are available for subscription [1]

Core Viewpoint - The company has successfully issued H-shares at a final price of HKD 95.6 per share, raising a net amount of HKD 593 million through the offering [1]. Group 1: Issuance Details - The total number of shares issued is 6,900,000 H-shares, with no mention of the price range in the announcement [1]. - The international placement had a subscription multiple of 18.62 times, indicating strong demand [1]. - After the allocation, the number of shares available for the Hong Kong offering is 1,380,000 H-shares, which constitutes 20% of the total shares offered globally [1]. Group 2: Underwriters and Investors - The lead underwriters for the offering are CITIC Securities (Hong Kong) Co., Ltd. and CCB International [1]. - There is no information provided regarding cornerstone investors in the announcement [1].

Group 1 - The company, Yunji (02670), announced the results of its share allocation, with a total of 6.9 million H-shares being offered globally [1] - The Hong Kong public offering accounted for 20% of the total shares, while the international offering made up 80% [1] - The offer price per share was set at HKD 95.6, resulting in net proceeds of approximately HKD 593.3 million from the global offering [1] Group 2 - The Hong Kong public offering was oversubscribed by 5,657.20 times, indicating strong demand [1] - The international offering was oversubscribed by 18.62 times, reflecting significant interest from global investors [1] - The H-shares are expected to commence trading on the Hong Kong Stock Exchange on October 16, 2025, at 9:00 AM Hong Kong time [1]

Core Viewpoint - The company Yunji (02670.HK) has announced a global offering of 6,900,000 H-shares at a price of HKD 95.6 per share, with net proceeds amounting to HKD 593 million [1] Summary by Categories Offering Details - The public offering in Hong Kong accounts for 20% of the total global offering, with a subscription rate of 5,657.20 times [1] - The international offering constitutes 80% of the total global offering, with a subscription rate of 18.62 times [1] Trading Information - If the global offering becomes unconditional by October 16, 2025, trading of the H-shares is expected to commence at 9:00 AM Hong Kong time on the same day [1] - H-shares will be traded in lots of 50 shares, with the stock code being 2670 [1]

Core Viewpoint - The company, Yunji (02670), has successfully completed its global offering of 6.9 million H-shares, raising approximately HKD 593.3 million through the issuance [1] Summary by Category Offering Details - The global offering consists of 6.9 million H-shares, with 20% allocated for public offering in Hong Kong and 80% for international offering [1] - The offering price is set at HKD 95.6 per share, with a minimum purchase of 50 shares per lot [1] Subscription Demand - The Hong Kong public offering received a staggering subscription rate of 5,657.20 times, indicating strong local interest [1] - The international offering was also well-received, with a subscription rate of 18.62 times [1] Trading Information - The H-shares are expected to commence trading on the Hong Kong Stock Exchange on October 16, 2025, at 9:00 AM Hong Kong time [1]

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）對本公告的內容概不負責，對其準確性或完整性亦不發表聲明，並明確表示概不 就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 發售股份的潛在投資者務請注意，倘於H股首次在聯交所開始買賣前90分鐘之前的任何時間發 生招股章程「包銷－香港包銷安排－香港公開發售－終止理由」一節所載任何事件，則整體協 調人（為其本身及代表香港包銷商）有權立即終止香港包銷協議。 1 Beijing Yunji Technology Co., Ltd. 北京雲跡科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 除本公告另有界定者外，本公告所用詞彙與北京雲跡科技股份有限公司（「本公司」）所刊發日期 為2025年10月8日的招股章程（「招股章程」）所界定者具有相同涵義。 本公告不得直接或間接於或向美國（包括其領土及屬地、美國任何州以及哥倫比亞特區）發佈、 刊發、派發。本公告並不構成或組成在香港、美國或於任何其他司法管轄區購買或認購證券的 任何要約或招攬的一部分。發售股份並無亦不會根據1933年美國證券 ...

Core Viewpoint - Cloud Technology is set to debut as a rare robot service intelligent entity stock in the Hong Kong market, attracting significant attention due to its status as the first 18C specialized technology enterprise and the "first stock of robot service intelligence" [1] Group 1: Market Position and Performance - Cloud Technology has established a leading position in the emerging robot service intelligent sector, holding a 6.3% market share in China and a 13.9% share in the hotel scene, indicating strong scale effects and deep penetration in key verticals [2] - The company operates an average of 27,000 robots daily and serves 230 million consumers, both leading figures in the industry, which provides a substantial competitive barrier [2] Group 2: Customer Base and Business Expansion - The company serves over 34,000 hotels and 150 hospitals, including major global hotel groups like Marriott and InterContinental, which supports its business expansion and successful model replication [4] - Cloud Technology is rapidly expanding its intelligent service ecosystem, with applications in hospitals and innovative delivery solutions in collaboration with Meituan, addressing logistical challenges in hotel settings [4] Group 3: Financial Performance and Growth - The company is projected to achieve revenues of 245 million yuan in 2024, reflecting a significant year-on-year growth of 68.6%, with a compound annual growth rate of 23.2% from 2022 to 2024 [5] - The net loss is expected to decrease from 365 million yuan in 2022 to 185 million yuan in 2024, indicating a nearing profitability milestone, while the gross margin is anticipated to rise from 24.3% in 2022 to 43.5% in 2024 [5] Group 4: Technological Innovation - Cloud Technology has developed the world's first multi-functional robot UP, showcasing advanced capabilities such as rapid function switching and multi-robot coordination, enhancing equipment utilization and adaptability [6][7] - The AI application system HDOS enables a full-service loop from demand response to service completion, significantly improving operational efficiency and user experience [7] Group 5: Intellectual Property and Industry Recognition - The company holds 405 invention patents, 327 utility model patents, and 253 design patents, demonstrating its commitment to innovation and establishing a technological moat [9] - Cloud Technology has received prestigious awards in the AI field and has participated in setting 26 technical and industry standards, reflecting its recognized achievements and influence in the sector [9] Group 6: Investment Outlook - Overall, Cloud Technology has built a comprehensive competitive moat through its leading position, solid customer base, proven commercialization capabilities, and advanced technology layout, making its current pricing a reasonable reflection of its core value [10]

Group 1 - The company Yunji (2670.HK) is set to be listed in Hong Kong on October 16, with a significant pre-listing increase of 53.77%, reaching HKD 147 per share [1] - Yunji specializes in hotel delivery robots, offering three main models: "UP," "Gege," and "Run," with sales figures of 672, 6,358, and 1,255 units respectively last year [1] - The average selling price of these robots ranges from HKD 13,100 to HKD 22,300 [1] Group 2 - The total market size for robot services in mainland China is estimated at RMB 3.7 billion, with Yunji holding a market share of 6.3% in 2024, making it the leading company in the sector [1] - The company has received investments from major players including Tencent, Lenovo, Ctrip, and Alibaba, with respective shareholdings of 9.09%, 4.22%, 2.69%, and 2.94% [1]