Core Viewpoint - Rongda Technology officially listed on the Hong Kong Stock Exchange on June 10, 2023, marking it as the fourth Fujian enterprise and the second Xiamen enterprise to go public this year [1] Company Overview - Rongda Technology, established in 2010, specializes in automatic identification data collection devices and solutions, including printers, scales, POS terminals, and PDAs, with a global sales network [1] - The company priced its shares at HKD 10 each, issuing 18.4 million shares, with a trading volume of 500 shares per lot [1] Stock Performance - On the first trading day, Rongda Technology's stock opened 67% higher but closed at HKD 14.20, reflecting a 42% increase [1] Leadership and Vision - Founder and CEO Xu Kaiming emphasized the company's focus on automatic identification and data collection, aiming to integrate more products with artificial intelligence [4] Shareholding Structure - Post-IPO, Xu Kaiming and his brother Xu Kaihe hold approximately 74.98% of the shares, while public holdings account for 25.02%, meeting the Hong Kong Stock Exchange's requirement [4] Subscription and Allocation - The public offering was oversubscribed by 275.96 times, with 242,900 shares allocated, representing about 13.2% of the total offering [4] - The international placement was subscribed at 0.96 times, with 1,597,100 shares allocated, accounting for 86.8% of the total offering [4] Financial Performance - Revenue for 2022, 2023, and 2024 is projected at CNY 393 million, CNY 349 million, and CNY 350 million, respectively, with adjusted net profits of CNY 45.61 million, CNY 36.21 million, and CNY 49.64 million [5] - The company plans to distribute dividends of CNY 5 million, CNY 35 million, and CNY 31.5 million from 2022 to 2024, totaling approximately CNY 71.5 million [5] Market Position - In 2023, Rongda Technology ranked as the ninth largest player in China's specialized printer market, holding a market share of 1.8% [5] - The company's revenue from printing equipment has declined from CNY 304 million in 2022 to CNY 243 million in 2024 [5] IPO Proceeds Utilization - The net proceeds from the IPO are approximately HKD 131.2 million, with 36.5% allocated for R&D to expand the product portfolio and enhance capabilities [6] - About 33.4% of the funds will improve production efficiency, including establishing a new production center in Malaysia [6] - Approximately 20.1% will be used to expand the sales network internationally, with plans to establish subsidiaries in the USA, Germany, Singapore, and the UAE [6]
容大科技“锣”响港交所：创始人兄弟持股近75% ,七成营收依赖打印机