Futu News reported on June 13th that $QUANTUMPH-P (02228.HK)$The stock opened high on the first day, and is now up 12.88%, at a report of 5.96 Hong Kong dollars, with a turnover of more than 182 million Hong Kong dollars and a total market value of more than 20.3 billion Hong Kong dollars.
According to previous reports, in the previous day's Futu dark pool trading, Jingtai Technology opened at the same price, rose 2.08%, and closed at HKD 5.39, with a turnover of HKD 11.2975 million and a total market value of HKD 18.363 billion. Each hand is 1000 shares, without considering transaction fees, and can earn HKD 110 per hand.
In addition, according to previous public information, QUANTUMPH-P (Jingtai Technology) in the public offering stage received 103.35 times oversubscription. After buyback and redistribution, the final number of shares offered to the public is 37,475,000 shares, accounting for approximately 20% of the total shares offered for sale. A total of 19,602 valid applications were received, 10,448 of which were accepted, and the percentage of H-shares allocated per lot applied was approximately 20%.
In addition, after buyback and redistribution, the final number of international offering shares is 149.9 million shares, equivalent to 80% of the total shares offered. Futu News compiled the relevant data as shown in the following table:
Company overview
QUANTUMPH-P (Crystal Tectonics) is an innovative research and development company based on quantum physics and powered by artificial intelligence and robotics. The company provides drug and material science research and development solutions and services for global and domestic companies in industries including pharmaceuticals and material science (including agriculture technology, energy and new chemicals and cosmetics) through a combination of physics-based first-principles calculations, artificial intelligence, high-performance cloud computing, and scalable and standardized robotics automation.
According to Frost Sullivan data, the company is one of a few drug and material science research and development companies in the world that possess both first-principles calculations based on quantum physics, artificial intelligence technology, and automation wet lab capabilities.
The company has established a proprietary integrated technology platform that integrates computer-based tools empowered by high-performance cloud computing, including physics-based first-principles calculations and artificial intelligence, for dry lab computation and evaluation, as well as robotics automation for wet lab experiments.
The Company's platform aims to use experimental data generated in wet labs to improve dry lab computation and to improve the efficiency of wet labs through insights gained from dry lab computation. At the same time, the company's wet labs have accumulated large-scale, high-quality, and consistent data, providing the basis for the formation of large closed-loop models that include perception, generation, prediction, decision, planning, and execution.
The following figure illustrates the structure of the company's closed-loop integrated technology platform combining dry lab and wet lab capabilities:
Financial overview
In terms of financial condition, Crystal Tectonics had revenue of RMB 0.628 billion, RMB 1.334 billion and RMB 1.744 billion in 2021, 2022 and 2023 respectively, with a compound annual growth rate of 66.66%; research and development expenses increased at a compound annual growth rate of 50.36% to RMB 2.126 billion, RMB 3.59 billion and RMB 4.807 billion, respectively.
During the track record period, the revenue of the company's solutions for drug discovery and intelligent automation increased at a CAGR of 49.3% and 92.3%, respectively.
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Editor/Lindsay