Hong Kong stock at the end of the half year, a number of new shares took the opportunity to offer shares. Ruqi Travel (new listing code: 09680.HK), Baiwang Shares (new listing code: 06657.HK), Fang Zhoujian Ke (new listing code: 06086.HK), Guanglian Technology Holdings (new listing code: 02531.HK), Cirrus (new listing code: 2507.HK), Soncom Technology (new listing code: 02495.HK), Ruichang International Holdings (new listing code: 01334.HK) seven new shares were issued on June 28.

Ruqi Travel (09680.HK)

On June 28, such as Qi Travel (09680.HK) launched the IPO and accelerated the sprint to Hong Kong listing.

The IPO, such as Qi travel sold a total of 300,048 million shares globally, of which 300,500 shares were sold in Hong Kong and 27,0043 shares were sold internationally, with the offering price between 34.00 and 45.40 Hong Kong dollars. It is expected to land on the main board of the Hong Kong Stock Exchange on July 10, and is expected to impact the Hong Kong stock "the first share of autonomous driving operation technology."

In terms of overall performance, in 2021, 2022 and 2023, the total revenue of such as Qi travel is 1.014 billion yuan, 1.368 billion yuan and 2.161 billion yuan, respectively, with a compound annual growth rate of 46%.

In the public offering, if the Company has entered into a cornerstone investment Agreement, the cornerstone investors have agreed to subscribe for an aggregate amount of US $102 million to US $105 million (or approximately HK $799 million to HK $820 million) at the offer price. Assuming an offer price of HK $39.70, cornerstone investors will subscribe for 20.6573 million offer shares. Cornerstone investors include GAC, Pony Wisdom, Voyager(controlled by Didi Global Co., LTD.), and WeRide. The convergence of capital is an affirmation of Ruqi Travel's leading position on the Robotaxi circuit.

As a pioneer in the commercialization of Robotaxi, Ruqi Travel is committed to promoting the development and commercial application of Robotaxi technology, and has launched a hybrid operation service of manned online ride-hailing and Robotaxi commercial service in Guangzhou and Shenzhen. By the end of 2023, Ruqi Travel's Robotaxi service had accumulated more than 20,080 hours of operation, covering 545 key stations.

Baiwang Stock (06657.HK)

On June 28, Baiwang Shares (06657.HK) was listed in Hong Kong, and 9,262,000 H shares were sold globally (granting underwriters 15% of the overallotment rights), accounting for 90% and 10% of the international and Hong Kong shares, respectively. From today to July 4 noon, the IPO price per share is between $36 and $40. The "admission fee" for each 100 shares is $4040.35. The stock is expected to be listed on July 9, and the exclusive sponsor of the listing is Haitong International.

Baiwang Shares focus on providing SaaS financial and tax digitization and data-driven analysis services through the Baiwang Cloud platform. Last year's revenue was RMB710 million, and the total loss and overall expenses attributable to the owners of the company were RMB360 million, an increase of 1.3 times. The company introduced Jiangsu Yuan Force as a cornerstone investor, with an investment of 260 million yuan. Since its establishment, the company has received investment from Alibaba, Fosun, Shenzhen Venture Capital, Oriental Fuhai, Hongta Securities and other institutions.

In terms of performance, in 2021, 2022 and 2023, the company's income was about 454 million yuan, 526 million yuan and 713 million yuan respectively, and the corresponding net loss was about 448 million yuan, 156 million yuan and 359 million yuan during the same period, and the total loss in 3 years exceeded 900 million yuan.

Ruichang International (01334.HK)

On June 28, Ruichang International (01334.HK) was listed in Hong Kong, offering 125 million shares globally (granting underwriters 15% of the overallotment rights), accounting for 90% of the international and 10% of the Hong Kong offering, with the public offering price ranging from $1.05 to $1.39 per share from today to noon on July 5. The "admission fee" for one 2500 shares is $3,510.05. The stock is expected to be listed on July 10, and the exclusive sponsor of the listing is First Shanghai.

Ruichang International has introduced cornerstone investors such as Huangshan Jiantou Private Equity Fund Management Co., LTD., Huangshan Chenghe Xinye Equity Investment Partnership (Limited Partnership) and Emsdom Limited to subscribe for a total of approximately 41.58 million shares available for purchase at the offering price.

Ruichang International is a petroleum refining and petrochemical equipment manufacturer headquartered in Henan Province, China, mainly providing (i) sulfur recovery equipment and volatile organic compound incineration equipment; (ii) catalytic cracking equipment; (iii) process burners; And (iv) heat exchangers.

In terms of performance, as of December 31, 2021, 2022 and 2023, the net profit was 13.4230 million yuan, 36.5330 million yuan and 55.2110 million yuan, respectively, with a year-on-year change of -60.64%, 172.17% and 51.13%.

Guanglian Technology Holdings (02531.HK)

Guanglian Technology Holdings (02531.HK), a provider of in-vehicle hardware and SaaS marketing and management services in the Mainland, plans to issue 63.6 million shares from June 28 to July 10, 10% of which will be offered to the public in Hong Kong, with the listing price ranging from $4.7 to $5.3, raising up to $340 million, 500 shares at an entry fee of $2676.7 per lot. It is expected to be listed on July 15, with CCB International as the sole sponsor.

Guanglian Technology is a leading provider of intelligent networking services to industry participants in China's automotive aftermarket, focusing on: selling automotive hardware products to industry participants along the industry value chain; And provide SaaS marketing and management services, including SaaS subscription services and SaaS value-added services.

According to the prospectus, the revenue of Guanglian Technology in 2021, 2022 and 2023 will be 327 million yuan, 414 million yuan and 561 million yuan respectively; The annual profit was 35.07 million yuan, 47.42 million yuan and 51.54 million yuan respectively.

Fang Zhoujian (06086.HK)

Mainland online chronic disease management platform FangzhouJianke (06086.HK) plans to issue 23.8 million shares from June 28 to July 4, with 10% and 90% to be sold in Hong Kong and internationally, respectively, with listing prices ranging from $7.6 to $8.36, raising up to nearly $200 million, 500 shares per lot, and a single entry fee of $4,222.2. The listing is expected to take place on July 9, with Citi and Agricultural Bank International as co-sponsors.

Fang Zhoujian's business focuses on chronic disease management to meet the needs of patients with chronic diseases such as hypertension, cardiovascular and respiratory chronic diseases.

It is worth mentioning that Fang Zhoujian continues to be in a state of loss. In 2021, 2022 and 2023, the company's revenue was 1.759 billion yuan, 2.204 billion yuan and 2.434 billion yuan, gross profit was 220 million yuan, 381 million yuan and 487 million yuan, and net profit was -304 million yuan, -383 million yuan and -197 million yuan, respectively.

Soncom Technology (02495.HK)

Chinese information technology solutions provider Voice Technology (02495.HK) from June 28 to July 5 IPO, plans to issue 4.366 million H shares, 10% for public offering, offering price of 152.1 yuan, raising 660 million yuan, 20 shares per hand, a single entry fee of 3072.7 yuan, expected to be listed on July 10, Cicc is the sole sponsor.

Founded in December 2005, Soncom Technology is an enterprise-level full-stack interactive artificial intelligence solution provider, mainly focusing on four vertical industries: smart city, smart transportation, smart communication and smart finance. As a leading enterprise in the field of domestic audio services, Soncom Technology meets the diverse needs of different industries and different scenarios by combining artificial intelligence and converged communication. According to the iResearch report, in terms of comparable revenue in 2023, Soncom Technology has a market share of 14.2% in urban management and administration enterprise-level full-stack artificial intelligence solutions, ranking first in the country.

According to the prospectus, from 2021 to 2023, Soncom Technology will achieve revenue of 460 million yuan, 515 million yuan and 813 million yuan, respectively; The adjusted net profit was 62.3 million yuan, 71.7 million yuan and 118 million yuan respectively; Gross profit margin was 33.1%, 39.1% and 40.0%, respectively.

Cirrus (02507.HK)

Ciry (02507.HK) plans to issue 54.876 million shares from June 28 to July 9, 10% of which will be offered to the public in Hong Kong, with the listing price ranging from $27.34 to $28, raising up to $1.54 billion, with 100 shares per lot and an entry fee of about $2,828.2. It is expected to be listed on July 12. Cicc is the sole sponsor.

Cirrus, founded in 1984 and headquartered in Wisconsin, USA, is a private jet manufacturer mainly serving wealthy users in Europe and the United States. Although originated in the United States, after being wholly acquired by China's general aircraft leader AVIC, it is now a member of China's central enterprises. By the number of aircraft delivered, Cirrus will have a market share of 32.0% in the global private aviation market in 2023, making it the industry leader.

The prospectus disclosed that from 202 to 2023, the company's revenue was $738 million, $894 million and $1.068 billion, with a compound annual growth rate of 20.3%; Realized gross profit was about US $242 million, US $298 million and US $365 million, respectively, with a CAGR of 22.69%; Net income was $72 million, $88 million and $91 million, respectively, with a compound annual growth rate of 12.2%, and all core financial indicators maintained stable growth.

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