Futu News on November 8th, $APT ELECTRONICS (02551.HK)$ The first day opened high, currently up 16.34%, closing at 4.20 Hong Kong dollars, with a turnover of 81.4701 million Hong Kong dollars, and a total market value of 2.235 billion Hong Kong dollars.

Market source: Futu Securities.

According to previous news, in the dark pool trading of Futu on the last trading day, the LED electronic stock opened high in the dark pool, rose 15.24%, closed at 4.16 Hong Kong dollars, with a turnover of 27.6823 million Hong Kong dollars, and a total market value of 2.214 billion Hong Kong dollars; 1000 shares per lot, excluding handling fees, earning 550 Hong Kong dollars per lot.

According to previous public information, during the public offering phase, Jingke Electronics shares were oversubscribed by 5677.83 times, exceeding 2503 times at that time, winning the title of 'King of Oversubscription' in this year's Hong Kong IPO. The final number of shares offered in the public offering is approximately 19.32 million shares (after exercising the adjustment right of the offering quantity and redistribution), accounting for approximately 50% of the total number of shares offered. A total of 61975 valid applications were received, with 15151 applications accepted, and the percentage of successful applicants receiving H shares per lot in the total number of applications is about 50%. $UBOT HOLDING (08529.HK)$ At that time, during the public offering phase, Jingke Electronics shares were oversubscribed by 5677.83 times, exceeding 2503 times at that time, winning the title of 'King of Oversubscription' in this year's Hong Kong IPO. The final number of shares offered in the public offering is approximately 19.32 million shares (after exercising the adjustment right of the offering quantity and redistribution), accounting for approximately 50% of the total number of shares offered. A total of 61975 valid applications were received, with 15151 applications accepted, and the percentage of successful applicants receiving H shares per lot in the total number of applications is about 50%.

In addition, during the international allocation phase, Jinko Solar Technology Co., Ltd. received a subscription of 6.95 times, with the final number of shares issued internationally being 19.32 million shares, equivalent to 50% of the total shares issued (after the exercise of the over-allotment option and reallocation). Futu News has compiled the relevant data in the table below:

Company overview

Jinko Solar Technology Co., Ltd. is a leading Chinese provider of intelligent visual products and system solutions integrating 'LED+' technology. By combining LED technology with integrated circuits (IC), electronic control, software, sensors, optics, and other technologies through industry insights and active technological innovation, the company possesses various 'LED+' technologies. The company's energy-saving and high-speed iterative 'LED+' technologies further empower its intelligent visual products and systems, enabling the company to penetrate high-value, high-growth markets. In 2021, the 'Automotive Intelligent Vision' business accounted for only 5.33%; by the first five months of 2024, it had significantly increased to 43.3%.

Jinko Solar Technology Co., Ltd. is one of the first companies in China to mass produce high-power flip-chip LED products. After years of research and technological accumulation, the company has developed a series of flip-chip LED technologies for different applications. The company's core technologies also include advanced white light encapsulation light conversion technology, advanced LED integrated packaging technology, and high-end LED device packaging technology, with each technology advancing in a synergistic manner, keeping the technological capabilities consistently at the forefront of global innovation.

Financial overview

The prospectus shows that in the fiscal years 2021, 2022, and 2023, Jinko Solar Technology Co., Ltd. had revenues of approximately 1.388 billion yuan, 1.411 billion yuan, and 1.858 billion yuan respectively, with a compound growth rate of 15.68%; during the same period, the gross profits were 0.228 billion yuan, 0.235 billion yuan, and 0.339 billion yuan respectively, with a compound growth rate of 21.86%.

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Editor/irene