IPO Timeline
Broker Results (T-2)
2025-06-19
Some brokers release in afternoon
Grey Market (T-1)
2025-06-20
Afternoon
HKEX Allotment (T-1)
2025-06-20
Evening
Registrar Allotment (T-1)
2025-06-20
Evening
Listing Day (T)
2025-06-23
First day of trading
Cross-Market Price Comparison
| Other Listed Market | Shenzhen (SZSE) — 三花智控 |
|---|---|
| Other Market Stock Code | 002050 |
| H-Share Offer Price | To be extracted |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
Company Overview
| Stock Name | 三花智控 |
|---|---|
| Stock Code | 02050 |
| Company Full Name | 三花智控 |
| Industry | 工業制造 |
| Principal Activities | 公司作為一家全球領先的生產和研發制冷控制元器件的廠商，在制冷家電和新能源汽車行業中，通過與全球著名企業的緊密合作，已成為世界行業領先的OEM供應商，提供高品質且最具競爭力的產品。 |
| Listing Date | 2025-06-23 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國浙江省紹興市新昌縣澄潭街道沃西大道219號 |
| Business Address (Hong Kong) | To be extracted |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | https://zjshc.com/ |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No data |
Offering Information
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 22.53 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | To be extracted |
| Global Offering Shares | To be extracted |
| HK Public Offer Shares (Initial) | To be extracted |
| Public Offer Lots (Initial) | To be extracted |
| International Placing Shares (Initial) | To be extracted |
| Offer Ratio | To be extracted |
| Total Shares Post-IPO | To be extracted |
| Greenshoe (Over-allotment Option) | To be confirmed |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 47.2% |
| Clawback Tiers | To be extracted |
| Reallocation Option | To be confirmed |
| Total Global Offering Size | HK$ 2,474,032,818 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 2,253 |
| 2 lots | 200 | HK$ 4,506 |
| 3 lots | 300 | HK$ 6,759 |
| 4 lots | 400 | HK$ 9,012 |
| 5 lots | 500 | HK$ 11,265 |
| 6 lots | 600 | HK$ 13,518 |
| 7 lots | 700 | HK$ 15,771 |
| 8 lots | 800 | HK$ 18,024 |
| 9 lots | 900 | HK$ 20,277 |
| 10 lots | 1,000 | HK$ 22,530 |
| 20 lots | 2,000 | HK$ 45,060 |
| 30 lots | 3,000 | HK$ 67,590 |
| 40 lots | 4,000 | HK$ 90,120 |
| 50 lots | 5,000 | HK$ 112,650 |
| 60 lots | 6,000 | HK$ 135,180 |
| 70 lots | 7,000 | HK$ 157,710 |
| 80 lots | 8,000 | HK$ 180,240 |
| 90 lots | 9,000 | HK$ 202,770 |
| 100 lots | 10,000 | HK$ 225,300 |
| 200 lots | 20,000 | HK$ 450,600 |
| 300 lots | 30,000 | HK$ 675,900 |
| 400 lots | 40,000 | HK$ 901,200 |
| 500 lots | 50,000 | HK$ 1,126,500 |
| 1,000 lots | 100,000 | HK$ 2,253,000 |
| 1,500 lots | 150,000 | HK$ 3,379,500 |
| 2,000 lots | 200,000 | HK$ 4,506,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,500 lots | 250,000 | HK$ 5,632,500 |
| 3,000 lots | 300,000 | HK$ 6,759,000 |
| 3,500 lots | 350,000 | HK$ 7,885,500 |
| 4,000 lots | 400,000 | HK$ 9,012,000 |
| 4,500 lots | 450,000 | HK$ 10,138,500 |
| 5,000 lots | 500,000 | HK$ 11,265,000 |
| 7,500 lots | 750,000 | HK$ 16,897,500 |
| 10,000 lots | 1,000,000 | HK$ 22,530,000 |
| 12,500 lots | 1,250,000 | HK$ 28,162,500 |
| 15,000 lots | 1,500,000 | HK$ 33,795,000 |
| 20,000 lots | 2,000,000 | HK$ 45,060,000 |
| 30,000 lots | 3,000,000 | HK$ 67,590,000 |
| 40,000 lots | 4,000,000 | HK$ 90,120,000 |
| 50,000 lots | 5,000,000 | HK$ 112,650,000 |
| 60,000 lots | 6,000,000 | HK$ 135,180,000 |
| 70,000 lots | 7,000,000 | HK$ 157,710,000 |
| 80,000 lots | 8,000,000 | HK$ 180,240,000 |
| 90,000 lots | 9,000,000 | HK$ 202,770,000 |
| 100,000 lots | 10,000,000 | HK$ 225,300,000 |
| 126,115 lots | 12,611,500 | HK$ 284,137,095 |
Valuation & Financials
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | To be extracted |
| Profit/Loss Status | To be extracted |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | HK$ 22.5 |
|---|---|
| First Day Open | HK$ 20.95 |
| First Day Change | -0.13% |
| First Day Volume | 125317000.0 |
| First Day Turnover | 2737860000.0 |
Use of Proceeds
| Use of Proceeds | 1、約30%或2,322.2百萬港元將用于產品組合的持續全球研發及創新； 2、約30%或2,322.2百萬港元將用于在中國擴建及新建工廠以及提高生產自動化水平，以進一步提高公司的產能及效率； 3、約25%或1,935.2百萬港元將用于通過擴大公司的海外產能深化全球化布局； 4、約5%或387.0百萬港元將用于加強公司的數字智能基礎設施； 5、約10%或774.1百萬港元，將用作營運資金及一般企業用途。 |
|---|
Underwriting Syndicate
Joint Sponsors (2)
中国国际金融香港证券有限公司 CE AEN894
华泰金融控股（香港）有限公司 CE AOK809
Overall Coordinators (2)
中国国际金融香港证券有限公司 CE AEN894
华泰金融控股（香港）有限公司 CE AOK809
Joint Bookrunners (7)
中国国际金融香港证券有限公司 CE AEN894
华泰金融控股（香港）有限公司 CE AOK809
农银国际证券有限公司 CE ACX411
中银国际亚洲有限公司 CE AET863
财通国际证券有限公司 CE AZF063
GF Securities (Hong Kong) Brokerage Limited CE AOB364
浙商国际金融控股有限公司 CE BGD825
Joint Lead Managers (7)
中国国际金融香港证券有限公司 CE AEN894
华泰金融控股（香港）有限公司 CE AOK809
农银国际证券有限公司 CE ACX411
中银国际亚洲有限公司 CE AET863
财通国际证券有限公司 CE AZF063
GF Securities (Hong Kong) Brokerage Limited CE AOB364
浙商国际金融控股有限公司 CE BGD825
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 3W Funds | 156,894,414 HKD | — | 1.68% | — | 6 months | 2025-12-23 |
| 2 | GIC Private Limited | 706,031,622 HKD | — | 7.56% | — | 6 months | 2025-12-23 |
| 3 | Green Better Limited | 235,343,874 HKD | — | 2.52% | — | 6 months | 2025-12-23 |
| 4 | Jane Street Asia Trading Limited | 156,894,414 HKD | — | 1.68% | — | 6 months | 2025-12-23 |
| 5 | Martis Fund, L.P. | 156,894,414 HKD | — | 1.68% | — | 6 months | 2025-12-23 |
| 6 | Mega Prime Development Limited | 156,894,414 HKD | — | 1.68% | — | 6 months | 2025-12-23 |
| 7 | Mirae Asset Securities Co., Ltd. | 156,894,414 HKD | — | 1.68% | — | 6 months | 2025-12-23 |
| 8 | Morgan Stanley & Co. International plc | 156,894,414 HKD | — | 1.68% | — | 6 months | 2025-12-23 |
| 9 | Verition Multi-Strategy Master Fund Ltd. | 235,343,874 HKD | — | 2.52% | — | 6 months | 2025-12-23 |
| 10 | Wind Sabre Fund SPC | 156,894,414 HKD | — | 1.68% | — | 6 months | 2025-12-23 |
| 11 | 工银理财有限责任公司 | 156,894,414 HKD | — | 1.68% | — | 6 months | 2025-12-23 |
| 12 | 华泰资本投资有限公司 | 156,894,414 HKD | — | 1.68% | — | 6 months | 2025-12-23 |
| 13 | 景林资产管理香港有限公司 | 156,894,414 HKD | — | 1.68% | — | 6 months | 2025-12-23 |
| 14 | 施罗德 | 1,113,964,308 HKD | — | 11.93% | — | 6 months | 2025-12-23 |
| 15 | 泰康人寿保险有限责任公司 | 156,894,414 HKD | — | 1.68% | — | 6 months | 2025-12-23 |
| 16 | 中邮理财有限责任公司 | 156,894,414 HKD | — | 1.68% | — | 6 months | 2025-12-23 |
| 17 | 钟鼎资本八期投资有限公司 | 235,343,874 HKD | — | 2.52% | — | 6 months | 2025-12-23 |
Directors & Management
| Chairman | 張亞波 |
|---|---|
| Company Secretary | 李智密,郭恩廷 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 三花控股集團有限公司(23.17%),浙江三花綠能實業集團有限公司(16.56%) |
|---|
Subscription Tiers
IPO Timeline
