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].

Core Viewpoint - Rongda Technology successfully listed on the Hong Kong Stock Exchange on June 10, 2025, becoming the fourth company from Fujian and the second from Xiamen to go public this year [2]. Group 1: IPO Details - The IPO involved a global offering of 18.4 million H-shares, representing 19.42% of the total shares post-issue, with a lower price limit set at HKD 10.00 per share, raising approximately HKD 184 million, and net proceeds of about HKD 131 million [2]. - The public offering was oversubscribed by 275.96 times, while the international offering saw a subscription rate of 0.96 times [2]. Group 2: Cornerstone Investors - Seven cornerstone investors participated in the IPO, collectively subscribing to approximately 8.03 million shares (HKD 80.3 million), accounting for 43.64% of the offered shares and 8.48% of the total shares post-issue [3]. - Notable subscriptions included HKD 10 million from Ms. Mao Zhili, HKD 5 million from Mr. Cao Ke, and HKD 20 million from Mr. Lin Xiaojian [3]. Group 3: Shareholding Structure - Post-listing, the shareholding structure shows that Xu Kaiming and Xu Kaihe hold approximately 74.98% of the shares, while other significant shareholders include Mr. Lin Huanan (2.65%) and Mr. Yang Litai (1.11%) [3]. Group 4: Company Overview - Founded in 2010, Rongda Technology specializes in automatic identification data collection (AIDC) devices and solutions, including printers, scales, POS terminals, and PDAs, with products sold in over 140 countries [4]. - According to Frost & Sullivan, Rongda Technology ranked as the ninth largest company in China's specialized printer market in 2023, with a market share of 1.8% [4]. Group 5: Market Performance - As of midday trading, Rongda Technology's share price was HKD 13.78, with a total market capitalization of approximately HKD 1.305 billion [5]. - The stock reached a high of HKD 17.56 and a low of HKD 13.12 since its listing, with a 52-week range reflecting similar volatility [6].