Group 1: Market Overview - The Hong Kong stock market experienced a rebound, with the Hang Seng Index closing at 24,221 points, up 149 points or 0.62% [2] - The Hang Seng Technology Index declined by 0.64%, while the main board turnover exceeded HKD 240.2 billion, a decrease of 0.8% from the previous day [2][3] - Northbound trading continued to show a net inflow trend, with a net inflow of HKD 5.036 billion, down 3.5% from the previous day [2] Group 2: Sector Performance - Among the 12 Hang Seng Composite Industry Indices, only the Information Technology sector declined by 0.51%, while the other 11 sectors reported gains, with Materials, Real Estate & Construction, and Financials leading with increases between 1.13% and 2.72% [3] - The Materials sector surged due to market expectations of improved operating conditions from the "anti-involution" initiatives, with major reductions in production announced in the photovoltaic, steel, and cement industries [3] Group 3: Company Analysis - Lens Technology - Lens Technology, established in 2003 and listed in 2015, is a leading provider of precision manufacturing solutions across the entire supply chain for smart terminals, covering materials, functional components, and assembly [9] - The company holds a market share of 13.0% in the global consumer electronics precision components and module solutions industry, and 20.9% in the smart automotive interaction systems sector [9][10] - Revenue projections for 2022-2024 are HKD 467.0 billion, HKD 544.9 billion, and HKD 699.0 billion, with a compound annual growth rate (CAGR) of 22.3% [10] Group 4: Industry Outlook - The global market for consumer electronics precision components and module solutions is expected to reach USD 66.3 billion by 2024, with a CAGR of 53.4% for AI glasses/XR headsets from 2025 [11] - The smart automotive interaction systems market is projected to grow from USD 4 billion in 2024 to USD 9.3 billion by 2029, with a CAGR of 18.2% [11] Group 5: Competitive Advantages - Lens Technology's vertical integration capabilities across the entire supply chain, along with strong customer relationships with leading brands, position it favorably in the market [12] - The company has robust R&D capabilities, focusing on new materials and technologies, which enhances its competitive edge [12] Group 6: IPO Details - The IPO subscription period is from June 30 to July 4, 2025, with trading expected to commence on July 9 [14] - The company anticipates net proceeds of approximately HKD 4.59 billion from the global offering, with funds allocated for product expansion, overseas business growth, and enhancing manufacturing capabilities [17]

据悉， 蓝思科技本次全球发售H股基础发行股数为2.62亿股，H股发行价格区间初步定为17.38港 元至18.18港元，预计于2025年7月9日在港交所挂牌并开始上市交易。 在扣除相关开支后，蓝思 科技估计将获得此次港股募资净额为45.90亿港元。 今 年3月31日，蓝思科技 已 向港交所递交了发行上市申请并刊登申请资料；6月16日，公司收到 中国证监会出具的境外发行上市备案通知书；6月20日，港交所上市委员会审议通过其发行上市申 请 。 公告显示， 蓝思科技 将 约48%的募资资金用于丰富与扩展产品及服务组合；约28%的资金用于 扩大海外业务布局；约14%的资金用于提升垂直整合智能制造能力；以及10%资金用作营运资金 及其他一般企业用途。 值得注意的是，本次蓝思科技IPO引入多位基石投资者，小米旗下GreenBetter、世运电路旗下世 运线路版、UBS AM Singapore、Oaktree、LMR、弘毅投资旗下Redwood、QRT、Poly Platinum、无极资本旗下Infini、Verition等机构将承诺以IPO价格认购蓝思科技一定份额的股票， 认购金额共计约为1.91亿美元（约14.99亿港 ...