Core Viewpoint - Dazhu CNC, China's largest PCB specialized production equipment manufacturer, is conducting an IPO from January 29 to February 3, with significant oversubscription and a target fundraising amount of up to HKD 4.8 billion [1][2]. Group 1: Company Overview - Dazhu CNC specializes in the R&D, production, and sales of PCB specialized production equipment, covering multiple key production processes such as drilling, exposure, lamination, molding, and inspection [2]. - The company operates in various sectors including server and data storage, automotive electronics, mobile phones, computers, and consumer electronics [2]. - Dazhu CNC is the largest PCB specialized production equipment manufacturer in China, holding a market share of 10.1% as of 2024 [2]. Group 2: Financial Performance - The company recorded revenues of RMB 2.786 billion, RMB 1.634 billion, RMB 3.343 billion, and RMB 4.314 billion for the fiscal years 2022, 2023, 2024, and the ten months ending October 31, 2025, respectively [3]. - Corresponding profits for the same periods were RMB 432 million, RMB 136 million, RMB 300 million, and RMB 519 million [3]. Group 3: Market Position and Demand - The PCB specialized equipment industry is competitive and fragmented, with the top five manufacturers accounting for approximately 23.9% of the total market share in China as of 2024 [2]. - Dazhu CNC's sales figures for drilling equipment over the years indicate a production and sales rate of 121.1%, 81.6%, 108.9%, 114.2%, and 98.9% for 2022, 2023, 2024, and the ten months ending October 31, 2025, respectively [2].

Group 1 - COFCO Technology announced that it recently received a government cash compensation totaling 30 million yuan [1] - Dazhu CNC announced that on January 29, it published its H-share prospectus on the Hong Kong Stock Exchange, with a base offering of 50.4518 million shares and a maximum offering of 58.0195 million shares if the over-allotment option is fully exercised [1] - The maximum price for the H-share issuance is set at 95.8 HKD per share, with the public offering starting on January 29 and expected to end on February 3, with the issuance price to be announced by February 5 [1] Group 2 - Longhua New Materials announced that its project for an annual production of 200,000 tons of environmentally friendly polyether products has obtained project filing [1] - Dazhong Mining's wholly-owned subsidiary, Dazhong New Energy, submitted an ecological restoration plan for the Gada Lithium Mine, which has recently passed expert review by the Ministry of Natural Resources [1] - The approval of the ecological restoration plan is a key step for the company in advancing its mining rights application for the Gada Lithium Mine in Sichuan, with plans to apply for a mining license soon [1]

Group 1 - COFCO Technology received a government compensation payment totaling 30 million yuan [1] - Dazhu CNC published its H-share prospectus on the Hong Kong Stock Exchange, with a base offering of 50.4518 million shares and a maximum of 58.0195 million shares if the over-allotment option is fully exercised. The maximum price per share is set at 95.8 HKD, with the public offering starting on January 29 and expected to end on February 3, with the final price announcement anticipated by February 5 [1] - Longhua New Materials has obtained project filing for a construction project with an annual production capacity of 200,000 tons of environmentally friendly polyether series products [1]

大族数控公告，1月29日，公司按照有关规定在香港联交所网站刊登H股招股说明书。公司本次全球发 售H股基础发行股数为5045.18万股。在超额配售权悉数行使的情况下，公司本次全球发售H股的最大发 行股数为5801.95万股。公司本次H股发行的价格最高不超过每股95.8港元，公司H股香港公开发售于1月 29日开始，预计于2月3日结束，并预计于2月5日前（含当日）公布发行价格。 ...

每经AI快讯，大族数控（301200）发布午间公告：1月29日，公司按照有关规定在香港联交所网站刊登 H股招股说明书。公司本次全球发售H股基础发行股数为5045.18万股。在超额配售权悉数行使的情况 下，公司本次全球发售H股的最大发行股数为5801.95万股。公司本次H股发行的价格最高不超过每股 95.8港元，公司H股香港公开发售于1月29日开始，预计于2月3日结束，并预计于2月5日前(含当日)公布 发行价格。 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳市大族数控科技股份有限公司（以下简称"公司"）正在进行申请发 行境外上市股份（H 股）并在香港联合交易所有限公司（以下简称"香港联交 所"）主板挂牌上市（以下简称"本次发行上市"）的相关工作。 证券代码：301200 证券简称：大族数控 公告编号：2026-010 深圳市大族数控科技股份有限公司 关于刊发 H 股招股说明书、H 股发行价格上限及 H 股香港公开发售等事宜的公告 2026 年 1 月 29 日，公司按照有关规定在香港联交所网站刊登本次发行上 市 H 股招股说明书，该 H 股招股说明书为根据适用的香港法律法规和香港联交 所、香港证券及期货事务监察委员会的相关规范及要求而刊发，其包含的部分 内容可能与公司先前根据中国法律法规准备或者刊发的相关文件存在一定的差 异，包括但不限于该招股说明书中包含的根据国际会计准则编制的会计师报告， 刊发目的仅为提供资讯予香港公众人士和合资格的投资者，境内投资者应当参 阅公司在境内的报纸及监管机构指定的信息披露网站的相关信息和公告。 鉴于本次发行上市 H 股招股说明书的 ...

Market Overview - The Federal Reserve maintained interest rates, voting 10 to 2 to keep the federal funds rate in the range of 3.5%-3.75%[13] - The Shanghai Composite Index rose by 0.27% to 4151.24 points, while the Shenzhen Component increased by 0.09%[1] - The Hang Seng Index surged by 2.58% to 27826.91 points, marking its highest level since August 2021[1] Economic Indicators - The U.S. economy shows signs of improvement, with the Fed indicating a more cautious approach to future rate adjustments[13] - Unemployment rates are stabilizing, as noted in the Fed's policy statement[13] - The Hong Kong Monetary Authority reported a record investment return of HKD 331 billion (approximately USD 424 million) for the year 2025, with an 8% return rate[13] Geopolitical Developments - Former President Trump warned Iran to reach a nuclear agreement quickly or face severe military consequences, leading to a spike in oil prices[1] - The U.S. Treasury Secretary denied any intervention in the yen's exchange rate, reaffirming a strong dollar policy, which caused the yen to depreciate by approximately 0.7%[13] Sector Performance - Precious metals, mining, and non-ferrous metals sectors showed strong performance, with significant gains in related stocks[1] - The Hang Seng Technology Index rose by 2.53%, reflecting positive sentiment in the tech sector[1]

Group 1 - The company, Dazhu CNC (301200), plans to conduct an initial public offering (IPO) from January 29 to February 3, 2026, offering a total of 50.4518 million shares, with 10% allocated for Hong Kong and 90% for international sales, and a maximum offer price of HKD 95.8 per share [1] - Dazhu CNC is a leading provider of PCB (Printed Circuit Board) specialized production equipment solutions in China, with over 20 years of experience in the industry, focusing on complex processes in PCB production [1] - The company has a comprehensive product portfolio covering all major PCB production processes, including drilling, exposure, lamination, shaping, and testing, and has ranked first in the CPCA specialized equipment and instruments list by revenue for 16 consecutive years since 2009 [1] Group 2 - The company has entered cornerstone investment agreements with several investors, including Hongxing International and GIC Private Limited, agreeing to purchase shares totaling approximately USD 310 million under certain conditions [2] - Assuming the over-allotment option is not exercised, the company estimates a net amount of approximately HKD 4.631 billion from the global offering after deducting underwriting commissions and other estimated expenses [2] - Approximately 50% of the net proceeds will be used to enhance research and operational capabilities, 40% to increase production capacity for PCB specialized equipment, and 10% for working capital and general corporate purposes [2]

Group 1 - The company, Dazhu CNC (03200), plans to conduct an initial public offering (IPO) from January 29 to February 3, 2026, with a global offering of 50.4518 million shares, where 10% is allocated for Hong Kong and 90% for international investors, with a maximum offer price of HKD 95.8 per share [1] - Dazhu CNC is a leading provider of PCB (Printed Circuit Board) specialized production equipment solutions in China, with over 20 years of experience in the industry, focusing on complex processes in PCB production [1] - The company has a comprehensive product portfolio covering all major PCB production processes, including drilling, exposure, lamination, shaping, and testing, and has ranked first in the CPCA specialized equipment and instruments list by revenue for 16 consecutive years since 2009 [1] Group 2 - The company has entered cornerstone investment agreements with several investors, including Hongxing International and GIC Private Limited, agreeing to purchase shares worth a total of USD 310 million under certain conditions [2] - The estimated net proceeds from the global offering are approximately HKD 4.631 billion, with about 50% allocated to enhance research and operational capabilities, 40% to increase production capacity of PCB specialized equipment, and 10% for working capital and general corporate purposes [2] - The company aims to meet the growing demand for high-end and precision PCB production equipment in China, aligning with the trend of the domestic PCB industry [2]

Group 1 - The company plans to globally offer 50.4518 million H-shares, with 5.0452 million shares available for sale in Hong Kong and 45.4066 million shares for international sale, subject to reallocation and the exercise of the over-allotment option [1] - The subscription period for the shares is from January 29 to February 3, 2026, with the expected pricing date on February 4, 2026, and trading on the Hong Kong Stock Exchange expected to commence on February 6, 2026 [1] - The maximum offer price is set at HKD 95.80 per share, with a trading unit of 100 shares for H-shares [1] Group 2 - The company is a leading provider of PCB (Printed Circuit Board) specialized production equipment solutions in China, engaged in the R&D, production, and sales of such equipment [2] - The company's extensive range of production equipment spans multiple sectors within the PCB industry, covering various manufacturing processes such as drilling, exposure, lamination, molding, and inspection [2] - The company is the largest manufacturer of PCB specialized production equipment in China, holding a market share of 10.1% as of 2024, with most of its revenue derived from mainland China [2] Group 3 - The company has entered into cornerstone investment agreements, with cornerstone investors agreeing to subscribe for a total of USD 309.8 million (approximately HKD 2.416 billion) under certain conditions [3] - Assuming the maximum offer price of HKD 95.80 per share, cornerstone investors will subscribe for a total of 25.2184 million shares [3] - Key cornerstone investors include Hongxing International Technology Co., GIC Private Limited, Schroders, and others [3] Group 4 - If the over-allotment option is not exercised, the company estimates to net approximately HKD 4.6307 billion from the global offering at the maximum offer price [4] - The company plans to allocate approximately 50% of the net proceeds to enhance R&D and operational capabilities, 40% to increase PCB specialized equipment production capacity, and 10% for working capital and general corporate purposes [4]