Core Viewpoint - Rongda Technology (容大科技) is facing a civil lawsuit from Xiamen Top Electronics Co., Ltd. regarding alleged infringement of trade secrets, with the court hearing scheduled for July 22, 2025 [2][3]. Company Overview - Rongda Technology, established in 2010, is a high-tech enterprise specializing in automatic identification data collection (AIDC) devices and solutions, including design, research and development, manufacturing, and marketing of printing equipment, scales, POS terminals, and PDAs [4]. - As of the end of 2024, the company offers over 100 standard product models, widely used across various industries such as retail, education, food service, logistics, warehousing, manufacturing, hospitality, healthcare, and environmental sectors [4]. Financial Performance - Rongda Technology went public on June 10, 2025, with an initial offering price of HKD 10 per share. The company's revenue for the years 2022 to 2024 was approximately HKD 393 million, HKD 349 million, and HKD 350 million, respectively. The net profit for the same years was HKD 37.44 million, HKD 27.60 million, and HKD 41.34 million [5]. - As of the latest trading session, the stock price hit a new low of HKD 9.30, reflecting a decline of 9.35%, with a trading volume of HKD 7.35 million [5]. Legal Proceedings - The lawsuit seeks to halt Rongda Technology's alleged infringement activities and demands compensation of approximately HKD 200 million for damages and legal costs [2][3]. - Rongda Technology denies the allegations and has a history of facing multiple legal claims from the plaintiff, which have not been successful in the past. The company plans to actively defend itself in the upcoming civil proceedings [2][3]. - The controlling shareholder has committed to indemnifying any amounts exceeding HKD 9.4 million and has voluntarily extended the lock-up period for their shares until the legal proceedings are concluded, demonstrating their commitment to protecting the company's and shareholders' interests [2][3].
港股上市不足一月……容大科技被指侵犯商业机密，遭索赔约2亿元