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 | Yunyinggu Technology-W |
|---|---|
| Stock Code | 03310 |
| Company Full Name | Yunyinggu Technology-W |
| Industry | Semiconductors |
| Principal Activities | 我們主要從事設計及向頭部智能手機製造商銷售品牌AMOLED顯示驅動芯片，我們的下游客戶為顯示面板製造商以及定位於高端和大眾細分市場的全球及中國主要智能手機品牌。 |
| Listing Date | 2026-05-27 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | 8A不同投票权 |
| Weighted Voting Rights (WVR) | Yes |
| Registered Address (Mainland China) | Headquarters and Principal Place Rooms A1603, 1604 and 1605 of Business in the PRC Shenzhen National Engineering Laboratory Building 20 Gaoxinnanqi Road Gaoxin District Community, Yuehai Avenue Nansha |
| Business Address (Hong Kong) | 香港 銅鑼灣 勿地臣街1號 時代廣場2座31樓 |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | viewtrixtech.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$ 20.81 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 200 shares |
| Entry Threshold | HK$ 4,162 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-05-18 to 2026-05-21 |
| Global Offering Shares | 52,859,200 shares |
| HK Public Offer Shares (Initial) | 5,286,000 shares (10.0%) |
| Public Offer Lots (Initial) | 26,430lots (13,215lots, 13,215lots) |
| International Placing Shares (Initial) | 47,573,200 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 427,778,950 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$ 1,099,999,952 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 4,162 |
| 2 lots | 400 | HK$ 8,324 |
| 3 lots | 600 | HK$ 12,486 |
| 4 lots | 800 | HK$ 16,648 |
| 5 lots | 1,000 | HK$ 20,810 |
| 6 lots | 1,200 | HK$ 24,972 |
| 7 lots | 1,400 | HK$ 29,134 |
| 8 lots | 1,600 | HK$ 33,296 |
| 9 lots | 1,800 | HK$ 37,458 |
| 10 lots | 2,000 | HK$ 41,620 |
| 15 lots | 3,000 | HK$ 62,430 |
| 20 lots | 4,000 | HK$ 83,240 |
| 25 lots | 5,000 | HK$ 104,050 |
| 30 lots | 6,000 | HK$ 124,860 |
| 35 lots | 7,000 | HK$ 145,670 |
| 40 lots | 8,000 | HK$ 166,480 |
| 45 lots | 9,000 | HK$ 187,290 |
| 50 lots | 10,000 | HK$ 208,100 |
| 100 lots | 20,000 | HK$ 416,200 |
| 150 lots | 30,000 | HK$ 624,300 |
| 200 lots | 40,000 | HK$ 832,400 |
| 250 lots | 50,000 | HK$ 1,040,500 |
| 300 lots | 60,000 | HK$ 1,248,600 |
| 350 lots | 70,000 | HK$ 1,456,700 |
| 400 lots | 80,000 | HK$ 1,664,800 |
| 450 lots | 90,000 | HK$ 1,872,900 |
| 500 lots | 100,000 | HK$ 2,081,000 |
| 1,000 lots | 200,000 | HK$ 4,162,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,500 lots | 300,000 | HK$ 6,243,000 |
| 2,000 lots | 400,000 | HK$ 8,324,000 |
| 2,500 lots | 500,000 | HK$ 10,405,000 |
| 3,000 lots | 600,000 | HK$ 12,486,000 |
| 3,500 lots | 700,000 | HK$ 14,567,000 |
| 4,000 lots | 800,000 | HK$ 16,648,000 |
| 4,500 lots | 900,000 | HK$ 18,729,000 |
| 5,000 lots | 1,000,000 | HK$ 20,810,000 |
| 6,250 lots | 1,250,000 | HK$ 26,012,500 |
| 7,500 lots | 1,500,000 | HK$ 31,215,000 |
| 8,750 lots | 1,750,000 | HK$ 36,417,500 |
| 13,215 lots | 2,643,000 | HK$ 55,000,830 |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 8,902,079,949 |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | 不適用（公司處於虧損狀態） |
| Profit/Loss Status | Net loss (see financial statements) |
| Period-End Cash Balance | 人民币379,700,000元 |
| Listing Expenses | ~HK$ 5,000,000 |
| Listing Expenses / Funds Raised | ~0.45% |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | Loading... |
|---|
Use of Proceeds
| Use of Proceeds | 47.0; 50; 6.6; 33.6; 2.1; 10.5; 0.8; 33.0 |
|---|
Underwriting Syndicate
Joint Sponsors (2)
中国国际金融香港证券有限公司 CE AEN894
中信证券（香港）有限公司 CE AAK249
Sponsor cum Overall Coordinator (2)
中国国际金融香港证券有限公司 CE AEN894
中信里昂证券有限公司 CE AAB893
Overall Coordinators (3)
中国国际金融香港证券有限公司 CE AEN894
中信里昂证券有限公司 CE AAB893
广发证券（香港）经纪有限公司
Joint Global Coordinators (3)
中国国际金融香港证券有限公司 CE AEN894
中信里昂证券有限公司 CE AAB893
广发证券（香港）经纪有限公司
Joint Bookrunners (5)
中国国际金融香港证券有限公司 CE AEN894
中信里昂证券有限公司 CE AAB893
广发证券（香港）经纪有限公司
中航资信环球资产管理有限公司 CE BHF812
微牛证券有限公司 CE BNG700
Joint Lead Managers (5)
中国国际金融香港证券有限公司 CE AEN894
中信里昂证券有限公司 CE AAB893
广发证券（香港）经纪有限公司
中航资信环球资产管理有限公司 CE BHF812
微牛证券有限公司 CE BNG700
Capital Market Intermediaries (5)
中国国际金融香港证券有限公司 CE AEN894
中信里昂证券有限公司 CE AAB893
广发证券（香港）经纪有限公司
中航资信环球资产管理有限公司 CE BHF812
微牛证券有限公司 CE BNG700
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
富而德律师事务所 方达律师事务所 |
| Legal Advisor to Sponsors/Underwriters |
高伟绅律师行 汉坤律师事务所 |
| Auditor and Reporting Accountant | 安永会计师事务所 |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| Receiving Banks |
招商永隆银行有限公司 中国银行（香港）有限公司 |
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
| Chairman | Ms. Zhan Jing |
|---|---|
| Company Secretary | 朱卓婷 |
執行董事 (2)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 顾晶 | — | 執行董事 |
| 2 | 韩志勇 | — | 執行董事 |
非執行董事 (2)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 詹静 | — | 非執行董事 |
| 2 | 周志峰 | — | 非執行董事 |
獨立非執行董事 (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 蒋毅敏 | — | 獨立非執行董事 |
| 2 | 周欣如 | — | 獨立非執行董事 |
| 3 | 张世泽 | — | 獨立非執行董事 |
Major Shareholders
| Major Shareholders & Holdings | SUBSTANTIAL SHAREHOLDERS So far as the Directors are aware, immediately following the completion of the Global Offering, the conversion of Unlisted Shares to H Shares and assuming the Over-allotment Option is not exercised, the following persons will have an interest and/or |
|---|
AI
AI Analysis
Market Sentiment
The IPO recorded an extreme oversubscription ratio of 3559.68x, reflecting overwhelming market enthusiasm. However, with accepted applications at zero, the effective hit rate was 0%, indicating that no public applicants received shares under this fiercely competitive allocation. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
The expected lot allocation for B-head (0.4542) surprisingly exceeded that for A-tail (0.3107), an anomaly given typical tiered structures where A-tail often secures a larger nominal allocation. Broker fee efficiency across tiers remains inconclusive due to the absence of any successful allotments. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
With no shares allotted, demographic data such as mainland China participation rates or regional distribution cannot be observed. As a result, typical patterns like Guangdong dominance or investor age profiles remain unknown for this offering. (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
