Core Viewpoint - Rongda Hezhong (Xiamen) Technology Group Co., Ltd. successfully listed on the Hong Kong Stock Exchange on June 10, with an IPO price of HKD 10.00 per share, raising approximately HKD 184 million in total and a net amount of about HKD 131 million [1][3]. Financial Performance - For the fiscal years 2022, 2023, and 2024, Rongda Hezhong reported revenues of approximately RMB 393.3 million, RMB 348.7 million, and RMB 350.1 million respectively, indicating a slight decline in revenue from 2022 to 2023, with a marginal recovery expected in 2024 [5][6]. - The gross profit for the same years was approximately RMB 89.9 million, RMB 85.5 million, and RMB 99.4 million, showing a decrease in 2023 but an anticipated increase in 2024 [5][6]. - Net profit figures were approximately RMB 37.4 million, RMB 27.6 million, and RMB 41.3 million for 2022, 2023, and 2024 respectively, indicating fluctuations in profitability [5][6][7]. Market Performance - On its first trading day, Rongda Hezhong's opening price was HKD 16.60 per share, representing a 66.0% increase from the IPO price, with an intraday high of HKD 17.56 per share. The closing price was HKD 14.20, reflecting a 42.0% increase from the IPO price and a market capitalization of approximately HKD 1.345 billion [1]. Company Background - Rongda Hezhong was established in December 2010 and was previously known as Xiamen Rongda Hezhong Electronic Technology Co., Ltd. The company has a registered capital of RMB 76.33 million and is involved in the research, design, manufacturing, and marketing of automatic identification data collection (AIDC) devices and solutions [3][5].
容大合众在港交所上市，首日涨幅为42%