Yifei Technology 06871 Prospectus Information

IPO Timeline

Broker Deadline

2026-05-13

Morning deadline

HKEX Deadline

2026-05-13

Noon deadline

Broker Results (T-2)

2026-05-14

Some brokers release in afternoon

Grey Market (T-1)

2026-05-15

Afternoon

HKEX Allotment (T-1)

2026-05-15

Evening

Registrar Allotment (T-1)

2026-05-15

Evening

Listing Day (T)

2026-05-18

First day of trading

Company Overview

Stock Name	Yifei Technology
Stock Code	06871
Company Full Name	Yifei Technology
Industry	Robotics
Principal Activities	extension of our existing operations, either in the form of supporting our existing domestic customers in their overseas expansion or as further development of our current overseas operations
Listing Date	2026-05-18
Listing Rules Era	New Rules (after Aug 2025)
Listing Rules Chapter	Chapter 18C
Weighted Voting Rights (WVR)	No
Registered Address (Mainland China)	Building E, Digital Economy Industrial Park (Nanwan Zhigu) No. 1261, Jinhai Avenue Yuhuan Economic Development Zone Yuhuan, Taizhou Zhejiang Province PRC Headquarters and Principal Place of Building E
Business Address (Hong Kong)	香港銅鑼灣希慎道33號利園一期 19樓1912室
Place of Incorporation	To be extracted
Listing Method	To be extracted
Listing Board	Main Board
Website	robotphoenix.com
Share Registrar	卓佳证券登记有限公司 (Tricor Investor Services Limited)
Registrar Contact	(852)2980 1333
A-Share/US Dual Listing	No

Offering Information

Offering Mechanism	18C特专科技
Offer Price	HK$ 30.50 / shares
Offer Price Range	Final offer price only, no range
Lot Size	100 shares
Entry Threshold	HK$ 3,050
Par Value	RMB 0.25 / shares
Offer Period	2026-05-08 to 2026-05-13
Global Offering Shares	24,600,000 shares
HK Public Offer Shares (Initial)	1,230,000 shares (5.0%)
Public Offer Lots (Initial)	12,300lots (6,150lots, 6,150lots)
International Placing Shares (Initial)	23,370,000 shares (95.0%)
Offer Ratio	~10.04%
Total Shares Post-IPO	244,953,968 shares
Greenshoe (Over-allotment Option)	No
Stabilizing Manager (Greenshoe)	—
Cornerstone Share	0%
Clawback Tiers	回拨B档
Reallocation Option	No
Total Global Offering Size	HK$ 750,300,000

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$ 3,050
2 lots	200	HK$ 6,100
3 lots	300	HK$ 9,150
4 lots	400	HK$ 12,200
5 lots	500	HK$ 15,250
6 lots	600	HK$ 18,300
7 lots	700	HK$ 21,350
8 lots	800	HK$ 24,400
9 lots	900	HK$ 27,450
10 lots	1,000	HK$ 30,500
15 lots	1,500	HK$ 45,750
20 lots	2,000	HK$ 61,000
25 lots	2,500	HK$ 76,250
30 lots	3,000	HK$ 91,500
35 lots	3,500	HK$ 106,750
40 lots	4,000	HK$ 122,000
45 lots	4,500	HK$ 137,250
50 lots	5,000	HK$ 152,500
60 lots	6,000	HK$ 183,000
70 lots	7,000	HK$ 213,500
80 lots	8,000	HK$ 244,000
90 lots	9,000	HK$ 274,500
100 lots	10,000	HK$ 305,000
200 lots	20,000	HK$ 610,000
300 lots	30,000	HK$ 915,000
400 lots	40,000	HK$ 1,220,000
500 lots	50,000	HK$ 1,525,000
600 lots	60,000	HK$ 1,830,000
700 lots	70,000	HK$ 2,135,000
800 lots	80,000	HK$ 2,440,000
900 lots	90,000	HK$ 2,745,000
1,000 lots	100,000	HK$ 3,050,000

Pool B

Lots Subscribed	Shares Subscribed	Subscription Amount (HKD)
2,000 lots	200,000	HK$ 6,100,000
3,000 lots	300,000	HK$ 9,150,000
4,000 lots	400,000	HK$ 12,200,000
5,000 lots	500,000	HK$ 15,250,000
6,150 lots	615,000	HK$ 18,757,500

Valuation & Financials

Market Cap (at Offer Price)	HK$ 7,471,096,024
Pre-IPO Valuation (Last Round)	To be extracted
P/E Ratio	不适用（公司处于亏损状态）
Profit/Loss Status	Net loss RMB110.6 million
Period-End Cash Balance	人民币51,100,000元
Listing Expenses	To be extracted
Listing Expenses / Funds Raised	~10.3%
Total Pre-IPO Investment	To be extracted

First Day Performance

First Day Close	Loading...
First Day Open	HK$ --
First Day Change	75.57%

Use of Proceeds

Use of Proceeds	1、約40.0%（或269.2百萬港元）將于2026年至2030年用于機器人技術的開發； 2、約28.0%（或188.4百萬港元）將用于2026年至2030年的生產基地及生產線建設或優化； 3、約12.0%（或80.7百萬港元）將用于2026年至2030年發展海外業務網絡； 4、約10.0%（或67.3百萬港元）將用于2026年至2030年供應鏈上下游的投資； 5、約10.0%（或67.3百萬港元）將用于2026年至2030年補充營運資金。

1、約40.0%（或269.2百萬港元）將于2026年至2030年用于機器人技術的開發； 2、約28.0%（或188.4百萬港元）將用于2026年至2030年的生產基地及生產線建設或優化； 3、約12.0%（或80.7百萬港元）將用于2026年至2030年發展海外業務網絡； 4、約10.0%（或67.3百萬港元）將用于2026年至2030年供應鏈上下游的投資； 5、約10.0%（或67.3百萬港元）將用于2026年至2030年補充營運資金。

Underwriting Syndicate

Sole Sponsor (1)

农银国际融资有限公司 CE AWL249(sole)

Sponsor cum Overall Coordinator (1)

农银国际融资有限公司 CE AWL249(sole)

Overall Coordinators (3)

农银国际融资有限公司 CE AWL249 中信里昂证券有限公司 CE AAB893 平安证券（香港）有限公司

Joint Global Coordinators (3)

农银国际融资有限公司 CE AWL249 中信里昂证券有限公司 CE AAB893 平安证券（香港）有限公司

Joint Bookrunners (9)

农银国际融资有限公司 CE AWL249 中信里昂证券有限公司 CE AAB893 平安证券（香港）有限公司兴证国际融资有限公司 CE BAK956 民银证券有限公司 CE APU820 英皇证券有限公司华福国际证券有限公司 CE BQC241 申万宏源证券（香港）有限公司 CE AAC927 浦银国际融资有限公司 CE BFZ375

Joint Lead Managers (12)

农银国际证券有限公司 CE ACX411 中信里昂证券有限公司 CE AAB893 平安证券（香港）有限公司兴证国际融资有限公司 CE BAK956 民银证券有限公司 CE APU820 英皇证券有限公司华福国际证券有限公司 CE BQC241 申万宏源证券（香港）有限公司 CE AAC927 浦银国际融资有限公司 CE BFZ375 富途证券国际（香港）有限公司 CE AZT137 利弗莫尔证券有限公司 CE BJN764 老虎证券（香港）环球有限公司 CE BMU940

Capital Market Intermediaries (13)

农银国际融资有限公司 CE AWL249 农银国际证券有限公司 CE ACX411 中信里昂证券有限公司 CE AAB893 平安证券（香港）有限公司兴证国际融资有限公司 CE BAK956 民银证券有限公司 CE APU820 英皇证券有限公司华福国际证券有限公司 CE BQC241 申万宏源证券（香港）有限公司 CE AAC927 浦银国际融资有限公司 CE BFZ375 富途证券国际（香港）有限公司 CE AZT137 利弗莫尔证券有限公司 CE BJN764 老虎证券（香港）环球有限公司 CE BMU940

Service Providers

Role	Institution
Legal Advisor to Company	贝克‧麦坚时律师事务所北京国枫律师事务所金杜律师事务所
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	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农业银行股份有限公司香港分行

Cornerstone Investors

This stock has no cornerstone investors.

Directors & Management

Chairman	Dr. Zhang Sai
Company Secretary	Ms. Yang Xu

執行董事 (4)

#	Name	English Name	Type
1	张赛	—	執行董事
2	张子超	—	執行董事
3	孙同亮	—	執行董事
4	窦志远	—	執行董事

非執行董事 (3)

#	Name	English Name	Type
1	李笙凯	—	非執行董事
2	王麦克	—	非執行董事
3	宋鹏飞	—	非執行董事

獨立非執行董事 (4)

#	Name	English Name	Type
1	熊明华	—	獨立非執行董事
2	周爽	—	獨立非執行董事
3	赵凤梅	—	獨立非執行董事
4	吴庆耀	—	獨立非執行董事

Major Shareholders

Major Shareholders & Holdings	SUBSTANTIAL SHAREHOLDERS To the best of our Directors’ knowledge and information, the following persons will, immediately following the completion of the Share Subdivision, the Global Offering and the Conversion of Unlisted Shares into H Shares, have interests or short posi

AI AI Analysis

Market Sentiment

The IPO recorded an extraordinary oversubscription ratio of 14,855.4x, indicating a frenzied market appetite unseen in typical offerings. The overall hit rate of just 14.72% meant fierce competition for allocations, with most applicants receiving no shares. Such extreme demand suggests strong bullish conviction around 翼菲科技, though the absence of price range data limits further pricing dynamics analysis. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

At the top of the public allocation tiers, A-tail applicants (100,000 lots) received an expected 0.21 lots versus 0.40 lots for B-head (200,000 lots)—a marginal increase that does not scale with the doubled capital commitment. This narrow gap makes A-tail more capital-efficient on paper, especially after accounting for broker margin costs. The lottery-like fractions underscore the extreme over-subscription, with even the largest retail orders securing negligible allocations. (This is AI-generated commentary based on historical data. Data may contain errors from source documents. Broker fee structures vary; actual costs may differ. Not financial advice.)

Demographics

Mainland Chinese investors dominated with a 62.2% participation rate, highlighting strong cross-border interest in this 18C tech specialist. The male-skewed gender split (60.9% male) and average age of 42.3 point to an experienced, likely professional investor base. Regional concentration was not provided, but such high mainland involvement often correlates with outsized demand from Guangdong and nearby provinces. (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

Yifei Technology 06871Prospectus Information

Market Sentiment

Tier Analysis

Demographics