Company Overview - Rongda Technology, established in 2010 and headquartered in Xiamen, Fujian, specializes in automatic identification and data collection (AIDC) devices and solutions, including printing equipment, scales, POS terminals, and PDAs [9] - The company offers over 100 standard products, incorporating IoT technology, cloud printing, and artificial intelligence [9] IPO Details - Rongda Technology's IPO in Hong Kong is scheduled from May 30 to June 5, 2025, with a pricing date expected on June 6, 2025, and a listing date on June 10, 2025 [5] - The offering consists of 18.4 million shares, with 90% allocated for international placement and 10% for public offering; the oversubscription is expected to exceed 15 times, allowing for a potential increase in allocation [5][6] Financial Performance - Revenue for the fiscal years 2022, 2023, and 2024 was approximately 393.3 million, 348.7 million, and 350.1 million RMB, respectively, with gross profit margins of 22.8%, 24.5%, and 28.4% [11][13] - The company has consistently paid dividends, totaling 71.5 million RMB over the past three years, indicating a lack of strong intent to reinvest for growth [12] Market Position and Growth Potential - Rongda Technology is the ninth largest player in China's specialized printer market, holding a market share of 1.8% as of 2023 [16] - The global AIDC device market is projected to grow from 60.8 billion USD in 2018 to 90.1 billion USD in 2023, with a compound annual growth rate of 8.2% [15] Product Sales Breakdown - Sales from printing equipment accounted for 77.4%, 74.9%, and 69.5% of total revenue in 2022, 2023, and 2024, respectively [10] - The sales of scales increased from 9.1% in 2022 to 15.2% in 2024, indicating a growing diversification in product offerings [10] Use of Proceeds - The proceeds from the IPO will be allocated as follows: approximately 36.5% for R&D, 33.4% for enhancing production efficiency, 20.1% for expanding the sales network, and the remaining 10% for working capital [7]

Group 1 - Rongda Hezhong (Xiamen) Technology Group Co., Ltd. (stock code 9881.HK) is conducting an IPO from May 30 to June 5, 2025, with Baihui Financial Holdings acting as the joint bookrunner and lead underwriter [1] - The IPO project involves a global issuance of approximately 18.4 million shares, with an offering price between HKD 10 and HKD 12 per share, expecting a maximum net fundraising amount of approximately HKD 220 million [3] - Rongda Hezhong specializes in Automatic Identification and Data Capture (AIDC) devices and solutions, headquartered in Xiamen, China, with a wide range of applications across various industries including retail, education, and healthcare [3][4] Group 2 - The core products of Rongda Hezhong focus on AIDC technology, including printing devices, scales, POS terminals, and PDAs [4] - The company holds over 160 registered patents and its products have received international certifications such as CCC, FCC, and CE, indicating a competitive advantage in the market [4] - The net proceeds from the IPO are planned to be used for increasing R&D investment, enhancing production efficiency, market expansion, and daily operational needs [4]

Group 1 - Rongda Technology (容大科技) is launching an IPO, planning to issue 18.4 million shares globally, with 16.56 million shares for international offering and 1.84 million shares for public offering in Hong Kong [1] - The indicative price range for the shares is between HKD 10.00 and HKD 12.00, with an estimated net proceeds of HKD 148.3 million if priced at HKD 11.00 and without the exercise of the over-allotment option [1] - The public offering in Hong Kong will start on May 30, 2025, and end on June 5, 2025, with the final price and allocation results to be announced on June 9, 2025 [1] Group 2 - 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 [2] - The AIDC devices are used for automatic identification of objects, data collection, and data transmission to systems, widely applied across various industries [3] Group 3 - From fiscal year 2022 to 2024, Rongda Technology's revenue was RMB 393 million, RMB 349 million, and RMB 350 million, with net profits of RMB 37.4 million, RMB 27.6 million, and RMB 41.3 million respectively [4] - As of the end of 2024, the company's cash and cash equivalents were only RMB 7.6 million [4] - The company's shares are relatively concentrated, with major shareholders expected to hold approximately 74.98% of the issued share capital after the global offering [4] - Prior to the IPO, the company distributed dividends of RMB 5 million, RMB 35 million, and RMB 31.5 million to shareholders for the fiscal years 2022 to 2024 [4]

Group 1 - Rongda Hezhong successfully passed the Hong Kong Stock Exchange listing hearing, indicating its recognized market position in the AIDC field, with projected revenue of approximately 350 million yuan and net profit of about 41 million yuan for 2024 [1] - Yushi Technology submitted its prospectus to the Hong Kong Stock Exchange, focusing on L4-level autonomous driving technology, with expected revenue of 265 million yuan for 2024, but currently operating at a loss [2] - Tencent's AI product ima has integrated the DeepSeek R1-0528 model, enhancing reasoning performance and code capabilities, which is expected to improve user experience and attract more users [3] Group 2 - The Ministry of Finance plans to issue 68 billion yuan of government bonds in Hong Kong in six phases, with the third phase of 12.5 billion yuan scheduled for June 4, 2025, aimed at enriching the RMB bond market and promoting RMB internationalization [4] - The Hong Kong stock market showed positive performance, with the Hang Seng Index rising by 1.35%, the Hang Seng Tech Index increasing by 2.46%, and the National Enterprises Index up by 1.37% on May 29 [5]