龙旗科技公告称，公司本次全球发售H股总数为5225.91万股（行使超额配售权之前），其中香港公开发 售占10%，国际发售占90%。按每股31.00港元发售价计，假设超额配售权未获行使，所得款项净额估计 约为15.20亿港元。这批H股于2026年1月22日在香港联交所主板挂牌并上市交易。发行上市前总股本为 4.70亿股，上市后A股股东持股比例降至90%（假设超额配售权未行使），持股5%以上股东持股比例相 应稀释。 ...

格隆汇1月22日丨龙旗科技(603341.SH)公布，经香港联交所批准，公司本次发行的52,259,100股H股股票 （行使超额配售权之前）于2026年1月22日在香港联交所主板挂牌并上市交易。公司H股股票中文简称 为"龙旗科技"，英文简称为"LONGCHEER"，股份代号为"9611"。 ...

Core Viewpoint - Longqi Technology Co., Ltd. (龙旗科技) successfully listed on the Hong Kong Stock Exchange, closing at HKD 32.10 with a gain of 3.55% on the first trading day [1] Group 1: IPO Details - The total number of shares offered globally was 52,259,100 H-shares, with 5,226,000 shares allocated for the Hong Kong offering and 47,033,100 shares for international offering [1] - The final offer price was set at HKD 31.00, raising a total of HKD 1,620.0 million, with net proceeds amounting to HKD 1,519.9 million after deducting estimated listing expenses of HKD 100.1 million [6][7] Group 2: Use of Proceeds - The net proceeds from the global offering will be used to expand the company's overall production capacity both domestically and internationally, support ongoing R&D efforts, enhance marketing and customer development, and fund strategic investments or acquisitions globally, along with general corporate purposes [7] Group 3: Key Investors - Notable cornerstone investors include Qualcomm Ventures LLC, Jiangxi Guokong Private Equity Fund Management, Veer Semiconductor Hong Kong Limited, Hong Kong Yutong Printing Co., Ltd., Qingdao Guanlan, and Guotai Junan Securities Investment (Hong Kong) Co., Ltd. [5] Group 4: Future Plans - Longqi Technology plans to list on the Shanghai Stock Exchange on March 1, 2024, with an issuance of 60 million shares at a price of RMB 26.00 per share, representing 12.90% of the post-issue total share capital [7]

2026.01. 22 本文字数：1334，阅读时长大约2分钟 作者 | 一财阿驴 11:31 A股午盘丨创业板指半日跌0.4% 截至午盘，沪指跌0.15%，深成指跌0.17%，创业板指跌0.4%。科创综指跌0.34%。 | 3337 | 399006[创业板指] 3282.48 -0.40% | 1.27% | 现价 | 3282.48 | | --- | --- | --- | --- | --- | | | | | 涨幅 | -0.40% (-13.05) | | 3323 | W Jr W | 0.84% | 金额 | 4384.64亿 | | | | | 成交量 | 153.33亿 | | 3309 | | 0.42% | 开盘 | 3312.75 | | 3296 | | 0.00% | 最高 | 3337.27 | | | | | 最低 | 3280.32 | | 3282 | | 0.42% | 市密率 | 42.1 | | | | | 市净率 | 5.6647 | | 3268 | | 0.84% | 令生 | 2.48% | | | | | 52周高 | 3416.84 | | 3254 ...

Core Viewpoint - Longqi Technology, a leading global smartphone ODM, has successfully listed on the Hong Kong Stock Exchange, marking its position as the "first stock of consumer electronics ODM" in Hong Kong, with an opening price of HKD 35 per share, approximately 12.9% higher than the issue price [1][4][7]. Group 1: Company Overview - Longqi Technology holds a one-third share of the global smartphone ODM market, serving major brands such as Xiaomi, Samsung, Lenovo, Honor, OPPO, and vivo [3][22]. - The company has established a comprehensive solution matrix covering product design, hardware innovation, software platform development, lean manufacturing, supply chain integration, and quality control [11]. - Longqi's product offerings include smartphones, AI PCs, automotive electronics, tablets, smartwatches, and smart glasses, structured under a "1+2+X" framework aimed at expanding production capacity and enhancing R&D [11][12]. Group 2: Financial Performance - Longqi's revenue from 2022 to 2024 was CNY 293.4 billion, CNY 271.9 billion, and CNY 463.8 billion, with a decline of 10.3% in the first nine months of 2025 [27][28]. - The company's main revenue source is smartphones, contributing 82.7%, 80.3%, 77.9%, and 69.3% of total revenue from 2022 to 2025 [32]. - The gross profit margins from 2022 to 2024 were 8.1%, 9.5%, and 5.8%, with a recovery to 8.3% in the first nine months of 2025 due to strategic adjustments and improved project quality [36][38]. Group 3: Market Position and Client Base - Longqi is the largest smartphone ODM globally, with a market share of 32.6%, and ranks second in the consumer electronics ODM sector with a 22.4% market share [24][26]. - The company has established long-term partnerships with eight of the top ten smartphone brands, with an average collaboration duration of over five years [15][16]. - Xiaomi is Longqi's largest client, contributing significant revenue across multiple years, accounting for 45.5%, 42.4%, 37.2%, and 28.6% of total revenue from 2022 to 2025 [34][35]. Group 4: R&D and Future Prospects - Longqi has a dedicated R&D team of approximately 5,200 professionals, with R&D expenditures of CNY 15 billion, CNY 16.9 billion, CNY 20.8 billion, and CNY 19.5 billion from 2022 to 2025 [41]. - The company is actively expanding into AI and smart manufacturing, with significant progress in AIoT and new product launches, including smart glasses and AI PCs [21][19]. - Longqi's cash and cash equivalents reached CNY 6.85 billion by the end of the third quarter of 2025, indicating a strong liquidity position [42].

Core Viewpoint - The Hong Kong stock market is experiencing a surge in new IPOs, particularly in the AI sector, with Dragon Flag Technology (09611.HK) being a notable example, successfully listing with a strong market response and significant oversubscription [1] Group 1: Scarcity and Market Position - Dragon Flag Technology occupies a unique position as a "middle layer" in the AI value chain, enabling it to mitigate risks associated with single segments while benefiting from the scale advantages of AI terminalization [2] - The ODM industry is evolving, with Dragon Flag transitioning from a low-value manufacturer to a core partner, as AI terminalization requires deep integration of hardware and algorithms [4] Group 2: Growth Potential and Strategic Framework - The company's "1+2+X" strategy is entering a realization phase, with a significant increase in net profit by 64.46% year-on-year in Q3 2025, indicating a shift towards higher quality growth [5][6] - The strategy focuses on smartphones as the core (1), personal computing and automotive electronics as key areas (2), and multi-category business as an extension (X), ensuring both short-term performance and long-term growth potential [6] Group 3: Performance and Market Trends - Dragon Flag is the largest smartphone ODM manufacturer globally, holding a 32.6% market share, with improved profit margins due to a strategic shift away from low-margin orders [6] - The AIoT product line generated revenue of 2.282 billion yuan in Q3 2025, reflecting a 47.17% year-on-year increase, as new categories like AI glasses transition from exploration to volume production [7] Group 4: Future Vision and Technological Integration - The company is expanding into AI PCs and automotive electronics, leveraging its supply chain management and precision manufacturing capabilities to achieve cross-industry growth [8] - Dragon Flag's long-term vision includes developing embodied intelligence and platform-level solutions, indicating a shift from being a terminal manufacturer to a provider of AI infrastructure [9]

2026.01.22 盘面上，半导体、AI算力产业链再度走强，存储器、汽车芯片方向领涨；AI手机、免税店、网络安全 题材活跃。贵金属板块大幅回调。 09:22 港股开盘丨恒生指数高开0.62% 恒生指数高开0.62%，恒生科技指数涨0.85%。百度集团、金蝶国际涨逾3%，华虹半导体、蔚来涨逾 2%。 | HSTECH | 恒生科技 | And | 48.70 | 0.85% | | --- | --- | --- | --- | --- | | મંડા | 恒生指数 | NIN | | | 本文字数：496，阅读时长大约1分钟 作者 |一财阿驴 09:25 A股开盘丨三大指数集体高开 沪指涨0.22%，深成指涨0.41%，创业板指涨0.52%。科创综指涨1.03%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | M | 4126.07 | 9.13 | 0.22% | | 399001 | 深证成指 | 3 | 14313.63 | 58.51 | 0.41% | | 399 ...

盘面上，半导体、AI算力产业链再度走强，存储器、汽车芯片方向领涨。 09:25 A股开盘丨三大指数集体高开 沪指涨0.22%，深成指涨0.41%，创业板指涨0.52%。科创综指涨1.03%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | M | 4126.07 | 9.13 | 0.22% | | 399001 | 深证成指 | W | 14313.63 | 58.51 | 0.41% | | 399006 | 创业板指 | N W | 3312.75 | 17.23 | 0.52% | | 000680 | 科创综指 | NV | 1881.94 | 19.25 | 1.03% | 盘面上，半导体、AI算力产业链再度走强，存储器、汽车芯片方向领涨；AI手机、稳定币、免税店、网络安全题材活跃。贵金属板块大幅回 调。 09:22 港股开盘丨恒生指数高开0.62% 09:15 人民币对美元中间价报7.0019，调贬5个基点。前一交易日中间价报7.0014。 恒生指数高开0.62%， ...

Group 1 - The core viewpoint of the article is that Longqi Technology (龙旗科技) has successfully listed its shares at a price of HKD 31 per share, raising approximately HKD 15.21 billion from the issuance of 52.26 million shares [1] - As of the report, the stock has increased by 12.9%, trading at HKD 35 with a transaction volume of HKD 239 million [1] - Longqi Technology is recognized as a leading global provider of smart products and services, offering solutions for well-known smart product brands and leading technology companies, including product research, design, manufacturing, and support [1] Group 2 - The company primarily competes in the global consumer electronics ODM market, which is a segment of the global smart product ODM market, part of the overall smart product manufacturing industry [1] - According to Frost & Sullivan, Longqi Technology is the second-largest consumer electronics ODM manufacturer globally, holding a market share of 22.4% based on the 2024 consumer electronics ODM shipment volume [1] - The company is the largest smartphone ODM manufacturer in the world, with a market share of 32.6% based on the 2024 smartphone ODM shipment volume [1]

龙旗科技港股IPO首日涨近13%。 ...