Core Viewpoint - The Hong Kong Stock Exchange is set to witness the simultaneous listing of three new stocks: Rongda Technology, Xinqi'an, and MetaLight, all of which have seen extremely high subscription rates, exceeding 100 times [1][5]. Group 1: Rongda Technology - Rongda Technology is a global supplier of Automatic Identification and Data Capture (AIDC) devices and solutions, involved in the design, research, manufacturing, and marketing of printing devices, scales, POS terminals, and PDAs [6]. - The global AIDC device market is projected to grow from USD 60.8 billion in 2018 to USD 90.1 billion in 2023, with a compound annual growth rate (CAGR) of 8.2% [6]. - In 2023, Rongda Technology's revenue is expected to be approximately HKD 348.7 million, with a net profit increase from HKD 27.6 million in 2023 to HKD 41.3 million in 2024 [7]. Group 2: Xinqi'an - Xinqi'an is a leading manufacturer of food-grade glycine and sucralose, holding the top position in the global food-grade glycine manufacturing industry by sales volume and revenue [8]. - The company's revenue decreased by approximately 41.3% from HKD 761.5 million in 2022 to HKD 446.9 million in 2023, primarily due to a decline in average selling prices [9]. - Revenue is expected to rebound by 27.3% to approximately HKD 568.9 million in 2024, driven by increased sales volume [9]. Group 3: MetaLight - MetaLight operates a mobile app called "Che Laile," which provides real-time public transport information using big data analytics, with mobile advertising accounting for 85.2% to 98.0% of total revenue from 2022 to 2024 [10][11]. - The app has a significant user base, with approximately 298.4 million cumulative users by the end of 2024, and covers 274 cities in China [10]. - MetaLight's revenue is projected to grow from HKD 135.4 million in 2022 to HKD 206.1 million in 2024, with adjusted net profits increasing from HKD 9.8 million to HKD 54.2 million during the same period [11].

6月2日，车来了母公司元光科技启动全球发售，发售价9.75港元，预计将在6月10日在港交所挂牌。元光科技是车来了App运营方，可提供实时的公交车到达 信息。2022—2024年，元光科技营收分别是1.35亿元、1.75亿元和2.06亿元，经调整净利润981.4万元、4649.5万元、5421.9万元。虽营收和净利润逐年增长， 但元光科技的营收结构严重依赖于广告，2022年和2023年营收的85%和96.2%来自广告，到了2024年这一比例扩大到98%。 此外，车来了为企业和政府提供数据分析产品及服务，这一板块在2024年给元光科技贡献了2%的营收，2022和2023年的营收占比分别是14.8%和3.8%。 "我们通过车来了的移动广告服务产生大部分收入，如果我们不能维持并扩大用户群，或无法挽留、吸引广告客户并增加他们的广告开支，我们的业务、经 营业绩及财务状况可能会受到重大不利影响"，元光科技在招股书中提醒。 "营收结构单一是大部分工具类产品的问题，但98%的比例有些过高。用户使用高德地图、百度地图查询路线时，也可实时显示公交信息，还能提供更全面 的出行服务。"比达分析师李锦清向北京商报记者表示，车来了在公交查 ...