IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
S.F. Holding 06936.HK	Air Freight & Logistics	32.3-36.3	200	N/A	2024/11/22	2024/11/26	2024/11/27
Jiuyuan Gene 02566.HK	Biotechnology - Medical Devices	11.48-12.56	200	N/A	2024/11/25	2024/11/27	2024/11/28
Mokingran 02585.HK	Watch & Jewellery	12-14.4	200	N/A	2024/11/26	2024/11/28	2024/11/29

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

S.F. Holding
06936.HK

Air Freight & Logistics

32.3-36.3

200

N/A

2024/11/22

2024/11/26

2024/11/27

Jiuyuan Gene
02566.HK

Biotechnology - Medical Devices

11.48-12.56

200

N/A

2024/11/25

2024/11/27

2024/11/28

Mokingran
02585.HK

Watch & Jewellery

12-14.4

200

N/A

2024/11/26

2024/11/28

2024/11/29

Summary

We are a provider of intelligent vision products and system solutions encompassing intelligent automotive vision, high-end lighting and advanced display. Leveraging industry insights and proactive approaches to technological innovation, we house a broad array of “LED+” technologies that integrate LED technologies with integrated circuits (ICs), electronic control, software, sensors, optics and others. Our energy-efficient and rapidly evolving “LED+” technologies further empower our intelligent vision products and systems, enabling us to penetrate high-value, high-growth markets. According to CIC, in terms of revenue, we ranked third among domestic device and module manufacturers in China’s high-end lighting industry and fifth among all device and module manufacturers in the same industry, with a market share of 5.3% in 2023. We ranked fifth among domestic manufacturers in China’s mid- to high-end intelligent automotive vision industry and twelfth among all manufacturers in the same industry, with a market share of 0.5% in 2023. We ranked fourth among both domestic and all manufacturers in China’s LCD TV backlight display industry, with a market share of 9.1% in 2023. As of the Latest Practicable Date, we passed all product verifications and audit procedures on our manufacturing facilities, conducted by the majority of the top-tier domestic and international companies in intelligent automotive vision, high-end lighting and advanced display businesses. In 2021, 2022, 2023 and the five months ended May 31, 2023 and 2024, our revenue amounted to RMB1,388.4 million, RMB1,410.6 million, RMB1,858.0 million, RMB624.6 million and RMB843.2 million, respectively; our gross profit amounted to RMB228.3 million, RMB235.2 million, RMB339.0 million, RMB104.3 million and RMB154.2 million, respectively; our net profit amounted to RMB78.0 million, RMB39.1 million, RMB72.0 million, RMB7.6 million and RMB32.2 million, respectively. The LED intelligent vision industry can be categorized into three areas based on application: intelligent automotive vision, high-end lighting and advanced display. In 2023, the industry had a substantial global market size of USD192.0 billion in terms of revenue. Within this, the market size of China’s LED intelligent vision market amounted to RMB440.2 billion, with intelligent automotive vision, high-end lighting and advanced display accounting for 20.2%, 33.2% and 46.6% of the market, respectively, in terms of revenue for their respective end products. China stands out as the world’s largest and most comprehensive hub for automobile manufacturing, lighting and LCD TV industries. After an extended development phase, the LED intelligent vision industry in China is consolidating rapidly. The emergence of “LED+” technologies, which integrate LED technologies with ICs, electronic control, software, sensors, optics and others, are rapidly changing the landscape of the high-end LED intelligent vision industry. Such technological revolutions are now the key drivers for advancements in high-end LED products. Intelligent automotive vision, high-end lighting and advanced display thus represent unsaturated market segments with great potential in the industry, offering the largest room for technological advancement and future development. We are one of the first companies in China to commence mass production of high-power flip-chip LED products. With years of dedication to R&D and technological accumulation, we developed a series of flip-chip LED technologies for different application scenarios. Our fundamental technologies also include advanced white LED packaging photoconversion technology, advanced LED integrated packaging technology and high-end LED device packaging technology. Benefiting from the synergies in developing these technologies, our technological capabilities remain at the forefront of global innovation. Source: APT Electronics (02551) Prospectus (IPO Date : 2024/10/31)
Listing Market	MAIN
Industry	Liquid Crystal Displays
Background	H Shares
Major Business Area	China

Corporate Information

Substantial Shareholders	XIAO Guowei David & Associates (43.72%) LI Xingxing & Associates (12.77%) Guangdong Technology Financial Group Co., Ltd. (6.03%)
Directors	XIAO Guowei David (Chairman and Chief Strategy Officer and Executive Director) CHAN Philip Ching Ho (Non-Executive Director) WU Nan-Yang (Non-Executive Director) YUAN Lie Ming Peter (Non-Executive Director) ZHENG Xin (Non-Executive Director) CHAN Chi Kong (Independent Non-Executive Director) DING Hui (Independent Non-Executive Director) LIN Nan (Independent Non-Executive Director) ZHANG He (Independent Non-Executive Director)
Company Secretary	CHUNG Ming Fai ZHENG Longfeng
Principal Bankers	Bank of Communications Co., Ltd. Bank of China Limited China Merchants Bank
Solicitors	Clifford Chance All Bright Law Offices
Auditors	Ernst & Young
Registered Office	Unit 322, 3/F., 19W, Science Park West Avenue Hong Kong Science Park, Pak Shek Kok, New Territories, Hong Kong
Share Registrars	Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No	(852) 2862-8628
Internet Address	http://www.apt-hk.com
Email Address
Tel No
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