IPO Timeline
Broker Deadline
2026-05-21
Morning deadline
HKEX Deadline
2026-05-21
Noon deadline
Broker Results (T-2)
2026-05-22
Some brokers release in afternoon
Grey Market (T-1)
2026-05-26
Afternoon
HKEX Allotment (T-1)
2026-05-26
Evening
Registrar Allotment (T-1)
2026-05-26
Evening
Listing Day (T)
2026-05-27
First day of trading
Company Overview
| Stock Name | Shenyan Intelligence |
|---|---|
| Stock Code | 02723 |
| Company Full Name | Shenyan Intelligence |
| Industry | Robotics |
| Principal Activities | 我們通過專有AI應用產品，運用AI技術為企業提供智能營銷服務。於往績記錄期間，我們通過我們的兩個旗艦平台AlphaDesk和AlphaData分別提供智能廣告投放服務和智能數據管理。 |
| Listing Date | 2026-05-27 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | Headquarters and Principal Place of Unit 01, 9/F Business in the PRC Building 20 Dongsanhuan Central Road Chaoyang District Beijing PRC |
| Business Address (Hong Kong) | 31/F, Tower Two Times Square 1 Matheson Street Causeway Bay Hong Kong |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | www.deepzero.com |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | Computershare Hong Kong Investor |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 55.50 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 5,550 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-05-18 to 2026-05-21 |
| Global Offering Shares | 9,068,000 shares |
| HK Public Offer Shares (Initial) | 906,800 shares (10.0%) |
| Public Offer Lots (Initial) | 9,068lots (4,534lots, 4,534lots) |
| International Placing Shares (Initial) | 8,161,200 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 90,679,175 shares |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 0% |
| Clawback Tiers | 机制B：无回补机制 |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 503,274,000 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 5,550 |
| 2 lots | 200 | HK$ 11,100 |
| 3 lots | 300 | HK$ 16,650 |
| 4 lots | 400 | HK$ 22,200 |
| 5 lots | 500 | HK$ 27,750 |
| 6 lots | 600 | HK$ 33,300 |
| 7 lots | 700 | HK$ 38,850 |
| 8 lots | 800 | HK$ 44,400 |
| 9 lots | 900 | HK$ 49,950 |
| 10 lots | 1,000 | HK$ 55,500 |
| 15 lots | 1,500 | HK$ 83,250 |
| 20 lots | 2,000 | HK$ 111,000 |
| 25 lots | 2,500 | HK$ 138,750 |
| 30 lots | 3,000 | HK$ 166,500 |
| 35 lots | 3,500 | HK$ 194,250 |
| 40 lots | 4,000 | HK$ 222,000 |
| 45 lots | 4,500 | HK$ 249,750 |
| 50 lots | 5,000 | HK$ 277,500 |
| 60 lots | 6,000 | HK$ 333,000 |
| 70 lots | 7,000 | HK$ 388,500 |
| 80 lots | 8,000 | HK$ 444,000 |
| 90 lots | 9,000 | HK$ 499,500 |
| 100 lots | 10,000 | HK$ 555,000 |
| 150 lots | 15,000 | HK$ 832,500 |
| 200 lots | 20,000 | HK$ 1,110,000 |
| 250 lots | 25,000 | HK$ 1,387,500 |
| 300 lots | 30,000 | HK$ 1,665,000 |
| 350 lots | 35,000 | HK$ 1,942,500 |
| 400 lots | 40,000 | HK$ 2,220,000 |
| 450 lots | 45,000 | HK$ 2,497,500 |
| 500 lots | 50,000 | HK$ 2,775,000 |
| 600 lots | 60,000 | HK$ 3,330,000 |
| 700 lots | 70,000 | HK$ 3,885,000 |
| 800 lots | 80,000 | HK$ 4,440,000 |
| 900 lots | 90,000 | HK$ 4,995,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,000 lots | 100,000 | HK$ 5,550,000 |
| 1,500 lots | 150,000 | HK$ 8,325,000 |
| 2,000 lots | 200,000 | HK$ 11,100,000 |
| 2,500 lots | 250,000 | HK$ 13,875,000 |
| 3,000 lots | 300,000 | HK$ 16,650,000 |
| 3,500 lots | 350,000 | HK$ 19,425,000 |
| 4,000 lots | 400,000 | HK$ 22,200,000 |
| 4,534 lots | 453,400 | HK$ 25,163,700 |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 5,032,694,212 |
|---|---|
| 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9.2百萬元 |
| Period-End Cash Balance | 人民币85,100,000元 |
| Listing Expenses | ~HK$ 7,000,000 |
| Listing Expenses / Funds Raised | ~10.2% |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | Loading... |
|---|
Use of Proceeds
| Use of Proceeds | 50.0; 20.0; 30.0; 20.0; 11.0; 9.0; 20.0; 10.0 |
|---|
Underwriting Syndicate
Sole Sponsor (1)
工银国际融资有限公司 CE AQW615(sole)
Sponsor cum Overall Coordinator (1)
工银国际证券有限公司 CE ARO299
Overall Coordinators (1)
工银国际证券有限公司 CE ARO299
Joint Global Coordinators (5)
工银国际证券有限公司 CE ARO299
建银国际金融有限公司 CE AJO225
交银国际证券有限公司 CE APJ121
胜利证券有限公司 CE ABN091
国联证券国际金融有限公司 CE BPX918
Joint Bookrunners (11)
工银国际证券有限公司 CE ARO299
建银国际金融有限公司 CE AJO225
交银国际证券有限公司 CE APJ121
胜利证券有限公司 CE ABN091
国联证券国际金融有限公司 CE BPX918
中泰国际证券有限公司 CE BAA855
富途证券国际（香港）有限公司 CE AZT137
老虎证券（香港）环球有限公司 CE BMU940
结好证券有限公司 CE AAA847
元宇宙（国际）证券有限公司 CE BIL855
南华证券投资有限公司 CE AAA874
Joint Lead Managers (11)
工银国际证券有限公司 CE ARO299
建银国际金融有限公司 CE AJO225
交银国际证券有限公司 CE APJ121
胜利证券有限公司 CE ABN091
国联证券国际金融有限公司 CE BPX918
中泰国际证券有限公司 CE BAA855
富途证券国际（香港）有限公司 CE AZT137
老虎证券（香港）环球有限公司 CE BMU940
结好证券有限公司 CE AAA847
元宇宙（国际）证券有限公司 CE BIL855
南华证券投资有限公司 CE AAA874
Capital Market Intermediaries (11)
工银国际证券有限公司 CE ARO299
建银国际金融有限公司 CE AJO225
交银国际证券有限公司 CE APJ121
胜利证券有限公司 CE ABN091
国联证券国际金融有限公司 CE BPX918
中泰国际证券有限公司 CE BAA855
富途证券国际（香港）有限公司 CE AZT137
老虎证券（香港）环球有限公司 CE BMU940
结好证券有限公司 CE AAA847
元宇宙（国际）证券有限公司 CE BIL855
南华证券投资有限公司 CE AAA874
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
天元律师事务所（有限法律责任合伙） 北京市金杜律师事务所 |
| Legal Advisor to Sponsors/Underwriters |
竞天公诚律师事务所有限法律责任合伙 竞天公诚律师事务所 |
| Auditor and Reporting Accountant | 毕马威会计师事务所 |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| Compliance Advisor | 第一上海融资有限公司 CE AES612 |
| Receiving Banks | 中国工商银行（亚洲）有限公司 |
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
| Chairman | 黃曉南 |
|---|---|
| Company Secretary | Mr. Yang Zhuo |
執行董事 (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 黄晓南 | — | 執行董事 |
| 2 | 谢鹏 | — | 執行董事 |
| 3 | 杨卓 | — | 執行董事 |
非執行董事 (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 田甜 | — | 非執行董事 |
| 2 | 黄海波 | — | 非執行董事 |
| 3 | 黄昊 | — | 非執行董事 |
獨立非執行董事 (6)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 李娟 | — | 獨立非執行董事 |
| 2 | 薛岩松 | — | 獨立非執行董事 |
| 3 | 郭冰 | — | 獨立非執行董事 |
| 4 | 赖春华 | — | 獨立非執行董事 |
| 5 | 吴任华 | — | 獨立非執行董事 |
| 6 | 叶楠 | — | 獨立非執行董事 |
Major Shareholders
| Major Shareholders & Holdings | SUBSTANTIAL SHAREHOLDERS So far as our Directors are aware, immediately following the completion of the Global Offering, the following persons will have or be deemed or taken to have an interest and/or short positions in the Shares or the underlying Shares of our Company wh |
|---|
AI
AI Analysis
Market Sentiment
The IPO saw extreme retail enthusiasm with an oversubscription ratio of 5480x, compressing the hit rate to just 3.9% — far below typical Hong Kong market norms. Reallocation from the international tranche was triggered, underscoring overwhelming public demand. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
甲尾 expected lots (0.166) are notably lower than 乙头 expected lots (0.243), meaning top A‑tier applicants receive fewer shares than those entering B‑tier with a marginally larger subscription. This creates a classic inefficiency where the threshold between tiers punishes rather than rewards increased commitment. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Demographic data (mainland, HK participation rates) is not available for this IPO, so no regional or investor profile patterns can be assessed. Such gaps are not uncommon and limit the ability to gauge cross‑border or gender‑based demand signals. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Offering Structure
Subscription Tiers
IPO Timeline
