H-Share Offer Price Premium/Discount vs Other Market
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Company Overview
Stock Name
大族數控
Stock Code
03200
Company Full Name
大族數控
Industry
Robotics
Principal Activities
leading specialized PCB production equipment solution provider in China
Listing Date
2026-02-06
Listing Rules Era
New Rules (after Aug 2025)
Listing Rules Chapter
To be extracted
Weighted Voting Rights (WVR)
No
Registered Address (Mainland China)
Headquarter and Principal Place of No. 101 of Building 3, 1-2/F, 4/F and 7/F of Business in the PRC Building 3, and 1/F and 4/F of Building 4 Han’s Laser Intelligence Manufacturing Center 12 Chongqing
中国国际金融香港证券有限公司 CE AEN894德意志银行香港分行国金证券(香港)有限公司 CE AAI195国投证券(香港)有限公司 CE ADS612农银国际融资有限公司 CE AWL249
Joint Bookrunners (5)
中国国际金融香港证券有限公司 CE AEN894德意志银行香港分行国金证券(香港)有限公司 CE AAI195国投证券(香港)有限公司 CE ADS612农银国际融资有限公司 CE AWL249
Joint Lead Managers (5)
中国国际金融香港证券有限公司 CE AEN894德意志银行香港分行国金证券(香港)有限公司 CE AAI195国投证券(香港)有限公司 CE ADS612农银国际证券有限公司 CE ACX411
Capital Market Intermediaries (6)
中国国际金融香港证券有限公司 CE AEN894德意志银行香港分行国金证券(香港)有限公司 CE AAI195国投证券(香港)有限公司 CE ADS612农银国际融资有限公司 CE AWL249农银国际证券有限公司 CE ACX411
Service Providers
Role
Institution
Legal Advisor to Company
高伟绅律师事务所
广东华商律师事务所
Legal Advisor to Sponsors/Underwriters
富而德律师事务所
汉坤律师事务所
Auditor and Reporting Accountant
安永会计师事务所
Industry Advisor
灼识企业管理咨询(上海)有限公司
Receiving Banks
中国银行(香港)有限公司
招商永隆银行有限公司
Cornerstone Investors
#
Investor Name
Investment Amount
Shares Subscribed
% of Offer Shares
% of Total Shares
Lock-up Period
Est. Unlock Date
1
宏兴国际科技有限公司
—
—
—
—
6 months
2026-08-06
2
工银理财有限责任公司
—
—
—
—
6 months
2026-08-06
3
韦尔半导体香港有限公司
—
—
—
—
6 months
2026-08-06
Directors & Management
Chairman
楊朝輝
Company Secretary
周鴛鴛
No director data available.
Major Shareholders
Major Shareholders & Holdings
SUBSTANTIAL SHAREHOLDERS SUBSTANTIAL SHAREHOLDERS So far as our Directors are aware, as of the Latest Practicable Date and immediately following completion of the Global Offering (assuming the Over-allotment Option is not exercised and no other changes are made to the issue
AIAI 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 of 大族数控 (03200) saw an overwhelming oversubscription ratio of 446.39x, indicating extreme retail demand. Although the hit rate is reported as 0.0%—likely due to data inconsistency or a placeholder—the high oversubscription suggests fierce competition for allocations. The fixed offer price of HK$95.80 with a per-lot entry threshold of HK$9,580 attracted a massive number of applications (159,985 valid). (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
No tier-specific distribution data (e.g., A组 and B组 breakdowns) is provided, making it impossible to analyze 甲尾/乙头 efficiency or winner ratios. The absence of accepted applications data further clouds any assessment of allocation patterns across tiers. Investors should consult the official prospectus or HKEX filings for detailed tier subscription figures. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
The applicant base is predominantly mainland Chinese (71.4%), with only 28.0% Hong Kong residents, reflecting strong cross-border participation. Males make up 60.5% of holders, while females account for 39.5%, with an average age of 42.1 years. The high mainland ratio and 37,317 total holders suggest a broad retail following, though regional (e.g., Guangdong) breakdown is unavailable. (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
Disclaimer & Risk Warning
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