招商证券认为，极智嘉-W是全球最大仓储履约AMR(自主移动机器人)解决方案提供商，拥有最全面的 提供方案并最庞大的客户数量。公司利用机器人赋能仓储物流智能化变革，解决传统仓库效率低、可靠 性低、成本高、灵活性差等痛点。 中金发布研报称，极智嘉-W是领先的AMR解决方案供应商，其商业模式稳定，且随着AI技术的应用， 可望提升其仓库AMR解决方案增长潜力。该行认为，公司在智能仓储运用AI技术方面具领先优势，且 行业竞争格局清晰。 智通财经APP获悉，极智嘉-W(02590)涨超3%，截至发稿，涨2.74%，报24港元，成交额1093.41万港 元。 ...

招商证券认为，极智嘉-W是全球最大仓储履约AMR(自主移动机器人)解决方案提供商，拥有最全面的 提供方案并最庞大的客户数量。公司利用机器人赋能仓储物流智能化变革，解决传统仓库效率低、可靠 性低、成本高、灵活性差等痛点。 极智嘉-W(02590)涨超3%，截至发稿，涨2.74%，报24港元，成交额1093.41万港元。 中金发布研报称，极智嘉-W是领先的AMR解决方案供应商，其商业模式稳定，且随着AI技术的应用， 可望提升其仓库AMR解决方案增长潜力。该行认为，公司在智能仓储运用AI技术方面具领先优势，且 行业竞争格局清晰。 ...

Core Insights - The Hong Kong IPO market experienced a significant event on July 9, with five companies listed simultaneously, marking a rare occurrence since January 2021 [2][4] - The five companies that went public are Lens Technology (06613.HK), Geek+, Dazhong Dental (02651.HK), Fortior (01304.HK), and Xunzhong Communication (02597.HK) [2][3] - The overall performance of these newly listed companies was strong, with Dazhong Dental, Fortior, and Lens Technology seeing notable price increases on their first trading day [4] Company Summaries - **Lens Technology**: A leading provider of precision manufacturing solutions for smart terminals, particularly in consumer electronics and smart vehicles. The company raised approximately HKD 4.694 billion with a subscription rate of 462.76 times for its public offering [5][6] - **Geek+**: The largest provider of autonomous mobile robot solutions for warehousing, maintaining a 9% market share. The company's revenue is projected to grow from RMB 1.452 billion in 2022 to RMB 2.409 billion in 2024. The IPO raised HKD 2.712 billion with a subscription rate of 133.62 times [6] - **Dazhong Dental**: A leading private dental service provider in Central China, which also saw a strong subscription rate of 108.25 times for its public offering, although its performance is expected to face challenges in 2024 [6] Market Context - The simultaneous listing of five companies reflects the revitalization of the Hong Kong IPO market, driven by the release of reform dividends, a surge in hard technology companies, and a return of international capital confidence in Chinese assets [4] - The IPO market in Hong Kong has shown robust performance in 2025, with the first-day price drop rate for new stocks reaching a multi-year low, indicating a significant improvement in the profitability of new listings [4]