大行科工 02543Prospectus Information

Prospectus Information
返回 Stock Info Prospectus Allotment Results Allotment Profile Expected Lots
IPO Timeline
Broker Deadline
2025-09-04
Morning deadline
HKEX Deadline
2025-09-04
Noon deadline
Broker Results (T-2)
2025-09-05
Some brokers release in afternoon
Grey Market (T-1)
2025-09-08
Afternoon
HKEX Allotment (T-1)
2025-09-08
Evening
Registrar Allotment (T-1)
2025-09-08
Evening
Listing Day (T)
2025-09-09
First day of trading
Company Overview
Stock Name大行科工
Stock Code02543
Company Full Name大行科工
IndustryNew Energy
Principal Activitiesleader in the mainland China folding bicycle industry with strong brand recognition and industry influence and are well positioned to capture opportunities in the growing folding bicycle industry
Listing Date2025-09-09
Listing Rules EraNew Rules (after Aug 2025)
Listing Rules ChapterTo be extracted
Weighted Voting Rights (WVR)No
Registered Address (Mainland China)Headquarters and Principal Place of 801, Yizhan Business Building Business in China No. 8, Yizhan 4th Road, Shapu Community Songgang Street, Bao’an District Shenzhen PRC
Business Address (Hong Kong)香港 中環 皇后大道中5號 衡怡大廈28樓
Place of IncorporationTo be extracted
Listing MethodTo be extracted
Listing BoardMain Board
Websitedahon.com
Share Registrar卓佳证券登记有限公司 (Tricor Investor Services Limited)
Registrar ContactComputershare Hong Kong Investor Services Limited
A-Share/US Dual ListingNo
Offering Information
Offering Mechanism Mechanism B
Offer PriceHK$ 49.50 / shares
Offer Price RangeFinal offer price only, no range
Lot Size100 shares
Entry ThresholdHK$ 4,950
Par ValueRMB 1.0 / shares
Offer Period2025-09-01 to 2025-09-04
Global Offering Shares7,920,000 shares
HK Public Offer Shares (Initial)792,000 shares (10.0%)
Public Offer Lots (Initial)7,920lots (3,960lots, 3,960lots)
International Placing Shares (Initial)7,128,000 shares (90.0%)
Offer Ratio~10.0%
Total Shares Post-IPO31,667,841 shares
Greenshoe (Over-allotment Option)Yes
Stabilizing Manager (Greenshoe)To be extracted
Cornerstone Share0%
Clawback Tiers机制B：无回补机制
Reallocation OptionNo
Total Global Offering SizeHK$ 392,040,000
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 SubscribedShares SubscribedSubscription Amount (HKD)
1 lots 100 HK$ 4,950
2 lots 200 HK$ 9,900
3 lots 300 HK$ 14,850
4 lots 400 HK$ 19,800
5 lots 500 HK$ 24,750
6 lots 600 HK$ 29,700
7 lots 700 HK$ 34,650
8 lots 800 HK$ 39,600
9 lots 900 HK$ 44,550
10 lots 1,000 HK$ 49,500
15 lots 1,500 HK$ 74,250
20 lots 2,000 HK$ 99,000
25 lots 2,500 HK$ 123,750
30 lots 3,000 HK$ 148,500
35 lots 3,500 HK$ 173,250
40 lots 4,000 HK$ 198,000
45 lots 4,500 HK$ 222,750
50 lots 5,000 HK$ 247,500
100 lots 10,000 HK$ 495,000
150 lots 15,000 HK$ 742,500
200 lots 20,000 HK$ 990,000
250 lots 25,000 HK$ 1,237,500
300 lots 30,000 HK$ 1,485,000
350 lots 35,000 HK$ 1,732,500
400 lots 40,000 HK$ 1,980,000
450 lots 45,000 HK$ 2,227,500
500 lots 50,000 HK$ 2,475,000
600 lots 60,000 HK$ 2,970,000
700 lots 70,000 HK$ 3,465,000
800 lots 80,000 HK$ 3,960,000
900 lots 90,000 HK$ 4,455,000
1,000 lots 100,000 HK$ 4,950,000
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
1,200 lots 120,000 HK$ 5,940,000
1,400 lots 140,000 HK$ 6,930,000
1,600 lots 160,000 HK$ 7,920,000
1,800 lots 180,000 HK$ 8,910,000
2,000 lots 200,000 HK$ 9,900,000
2,500 lots 250,000 HK$ 12,375,000
3,000 lots 300,000 HK$ 14,850,000
3,500 lots 350,000 HK$ 17,325,000
3,960 lots 396,000 HK$ 19,602,000
Valuation & Financials
Market Cap (at Offer Price)HK$ 392,040,000
Pre-IPO Valuation (Last Round)To be extracted
P/E Ratio不適用（公司處於盈利狀態，但未提供市盈率信息）
Profit/Loss Status盈利約人民幣52.3百萬元
Period-End Cash Balance人民币55,900,000元
Listing Expenses~HK$ 49,800,000
Listing Expenses / Funds Raised~12.7%
Total Pre-IPO InvestmentTo be extracted
First Day Performance
First Day CloseHK$ 56.9
First Day OpenHK$ 67.5
First Day Change14.95%
First Day Volume8237500.0
First Day Turnover541963000.0
Use of Proceeds
Use of Proceeds1、預期約30.0%或102.7百萬港元將用于生產系統現代化及擴大運營規模，以提升制造能力； 2、預期約30.0%或102.7百萬港元將用于強化經銷網絡及策略性品牌發展，以鞏固市場地位及加快全球擴張； 3、預期約30.0%或102.7百萬港元將用于加強研發能力，以提升技術； 4、預期約10.0%或34.1百萬港元將用作營運資金及其他一般企業用途。
Underwriting Syndicate
Sole Sponsor (1)
中信建投（国际）融资有限公司 CE BAU112(sole)
Sponsor cum Overall Coordinator (1)
中信建投（国际）融资有限公司 CE BAU112(sole)
Overall Coordinators (1)
中信建投（国际）融资有限公司 CE BAU112(sole)
Joint Global Coordinators (1)
中信建投（国际）融资有限公司 CE BAU112(sole)
Joint Bookrunners (6)
中信建投（国际）融资有限公司 CE BAU112 农银国际融资有限公司 CE AWL249 中银国际亚洲有限公司 CE AET863 建银国际金融有限公司 CE AJO225 招银国际融资有限公司 CE AVM940 富途证券国际（香港）有限公司 CE AZT137
Joint Lead Managers (6)
中信建投（国际）融资有限公司 CE BAU112 农银国际证券有限公司 CE ACX411 中银国际亚洲有限公司 CE AET863 建银国际金融有限公司 CE AJO225 招银国际融资有限公司 CE AVM940 富途证券国际（香港）有限公司 CE AZT137
Capital Market Intermediaries (6)
中信建投（国际）融资有限公司 CE BAU112 农银国际证券有限公司 CE ACX411 中银国际亚洲有限公司 CE AET863 建银国际金融有限公司 CE AJO225 招银国际融资有限公司 CE AVM940 富途证券国际（香港）有限公司 CE AZT137
Service Providers
RoleInstitution
Legal Advisor to Company 德恒律师事务所（香港）有限法律责任合伙
北京德恒（深圳）律师事务所
世界法律事务所
Legal Advisor to Sponsors/Underwriters 汉坤律师事务所有限法律责任合伙
汉坤律师事务所
Auditor and Reporting Accountant 德勤‧关黄陈方会计师行
Industry Advisor 灼识行业咨询有限公司
Receiving Banks 招商永隆银行有限公司
Cornerstone Investors
#Investor NameInvestment AmountShares Subscribed% of Offer Shares% of Total SharesLock-up PeriodEst. Unlock Date
1 Mega Prime Development Limited — — — — 6 months 2026-03-09
2 由大湾区共同家园投资有限公司 — — — — 6 months 2026-03-09
3 维科控股集团股份有限公司 — — — — 6 months 2026-03-09
Directors & Management
Chairman韓德瑋
Company SecretaryMs. Yi Jiamei
執行董事 (4)
#NameEnglish NameType
1 韩德玮 — 執行董事
2 李桂玉 — 執行董事
3 刘国存 — 執行董事
4 李秀芬 — 執行董事
獨立非執行董事 (6)
#NameEnglish NameType
1 李励生 — 獨立非執行董事
2 刘学权 — 獨立非執行董事
3 赵根生 — 獨立非執行董事
4 黄思情 — 獨立非執行董事
5 朱国成 — 獨立非執行董事
6 匡文标 — 獨立非執行董事
Major Shareholders
Major Shareholders & HoldingsCONTROLLING SHAREHOLDERS (c) our Group has established internal control mechanisms to identify connected transactions. Our Company will comply with the requirements in relation to connected transactions under the Listing Rules upon Listing; (d) we are dedicated to maintaini
AI AI Analysis
!
The following content is generated by an AI model based on historical IPO data. It does NOT constitute investment advice, solicitation, or recommendation. Past subscription patterns and post-listing performance do not guarantee future results. Data may contain inaccuracies — always verify against official HKEX filings and prospectuses before making any investment decision.

Market Sentiment

The IPO saw an extraordinary oversubscription ratio of 7558.4x, with only 3.54% of applicants receiving allocations, reflecting extreme retail enthusiasm. The final offer price was set at 49.5 HKD, though no price range was disclosed to gauge end-of-range pricing. This overwhelming demand, coupled with a full reallocation from the international tranche, signals very strong bullish sentiment. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

The last A-tier (甲尾) expected just 0.2067 lots per application, while the first B-tier (乙头) expected an even smaller 0.1168 lots, a disproportionate drop considering the adjacent tiers. With 100,000 A-tail applicants and 120,000 B-head applicants, the allocation inefficiency is stark—B-head applicants receive roughly half the already tiny A-tail allocation, making broker fees particularly burdensome at these levels. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

The provided demographic data shows zero values across all categories—total holders, mainland participation, and Hong Kong participation—making any analysis of applicant origins, gender, or age impossible. This likely stems from incomplete reporting or data omission, a common limitation in Hong Kong IPO filings. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

AI-generated content. For informational purposes only. Not financial advice. Verify against official sources.
Offering Structure
Subscription Tiers
IPO Timeline
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