京东工业 07618Prospectus Information

Prospectus Information
返回 Stock Info Prospectus Allotment Results Allotment Profile Expected Lots
IPO Timeline
Broker Deadline
2025-12-08
Morning deadline
HKEX Deadline
2025-12-08
Noon deadline
Broker Results (T-2)
2025-12-09
Some brokers release in afternoon
Grey Market (T-1)
2025-12-10
Afternoon
HKEX Allotment (T-1)
2025-12-10
Evening
Registrar Allotment (T-1)
2025-12-10
Evening
Listing Day (T)
2025-12-11
First day of trading
Company Overview
Stock Name京东工业
Stock Code07618
Company Full Name京东工业
IndustryIndustrial Goods
Principal Activities我們是中國領先的工業供應鏈技術與服務提供商。通過踐行變革性的工業供應鏈數智化轉型，我們幫助客戶實現保供、降本、增效及合規。我們通過「太璞」這一「數」（數智）、「實」（商品）結合的全鏈路數智化工業供應鏈解決方案，提供廣泛的工業品供應和數智化供應鏈服務，以滿足客戶的多樣化需求。
Listing Date2025-12-11
Listing Rules EraNew Rules (after Aug 2025)
Listing Rules ChapterTo be extracted
Weighted Voting Rights (WVR)No
Registered Address (Mainland China)中華人民共和國北京市北京經濟技術開發區京東總部4號樓3層
Business Address (Hong Kong)香港銅鑼灣希慎道33號利園一期19樓1901室
Place of IncorporationTo be extracted
Listing MethodTo be extracted
Listing BoardMain Board
Websitejingdongindustrials.com
Share Registrar卓佳证券登记有限公司 (Tricor Investor Services Limited)
Registrar Contact(852)2862 8628
A-Share/US Dual ListingNo
Offering Information
Offering Mechanism Mechanism B
Offer PriceHK$ 14.10 / shares
Offer Price RangeFinal offer price only, no range
Lot Size200 shares
Entry ThresholdHK$ 2,820
Par ValueRMB 5e-07 / shares
Offer Period2025-12-03 to 2025-12-08
Global Offering Shares211,208,800 shares
HK Public Offer Shares (Initial)21,121,000 shares (10.0%)
Public Offer Lots (Initial)105,605lots (52,802lots, 52,803lots)
International Placing Shares (Initial)190,087,800 shares (90.0%)
Offer Ratio~7.86%
Total Shares Post-IPO2,687,570,231 shares
Greenshoe (Over-allotment Option)Yes
Stabilizing Manager (Greenshoe)To be extracted
Cornerstone Share44.3%
Clawback Tiers机制B-无回补
Reallocation OptionNo
Total Global Offering SizeHK$ 2,978,044,080
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 200 HK$ 2,820
2 lots 400 HK$ 5,640
3 lots 600 HK$ 8,460
4 lots 800 HK$ 11,280
5 lots 1,000 HK$ 14,100
6 lots 1,200 HK$ 16,920
7 lots 1,400 HK$ 19,740
8 lots 1,600 HK$ 22,560
9 lots 1,800 HK$ 25,380
10 lots 2,000 HK$ 28,200
15 lots 3,000 HK$ 42,300
20 lots 4,000 HK$ 56,400
25 lots 5,000 HK$ 70,500
30 lots 6,000 HK$ 84,600
35 lots 7,000 HK$ 98,700
40 lots 8,000 HK$ 112,800
45 lots 9,000 HK$ 126,900
50 lots 10,000 HK$ 141,000
100 lots 20,000 HK$ 282,000
150 lots 30,000 HK$ 423,000
200 lots 40,000 HK$ 564,000
250 lots 50,000 HK$ 705,000
300 lots 60,000 HK$ 846,000
350 lots 70,000 HK$ 987,000
400 lots 80,000 HK$ 1,128,000
450 lots 90,000 HK$ 1,269,000
500 lots 100,000 HK$ 1,410,000
1,000 lots 200,000 HK$ 2,820,000
1,500 lots 300,000 HK$ 4,230,000
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
2,000 lots 400,000 HK$ 5,640,000
2,500 lots 500,000 HK$ 7,050,000
3,000 lots 600,000 HK$ 8,460,000
3,500 lots 700,000 HK$ 9,870,000
4,000 lots 800,000 HK$ 11,280,000
4,500 lots 900,000 HK$ 12,690,000
5,000 lots 1,000,000 HK$ 14,100,000
10,000 lots 2,000,000 HK$ 28,200,000
15,000 lots 3,000,000 HK$ 42,300,000
20,000 lots 4,000,000 HK$ 56,400,000
25,000 lots 5,000,000 HK$ 70,500,000
30,000 lots 6,000,000 HK$ 84,600,000
35,000 lots 7,000,000 HK$ 98,700,000
40,000 lots 8,000,000 HK$ 112,800,000
45,000 lots 9,000,000 HK$ 126,900,000
52,802 lots 10,560,400 HK$ 148,901,640
Valuation & Financials
Market Cap (at Offer Price)HK$ 37,894,740,257
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7.6億元
Period-End Cash Balance人民币12,300,000元
Listing ExpensesTo be extracted
Listing Expenses / Funds RaisedTo be extracted
Total Pre-IPO InvestmentTo be extracted
First Day Performance
First Day CloseHK$ 14.1
First Day OpenHK$ 13.0
First Day Change9.22%
First Day Volume39585500.0
First Day Turnover543449000.0
Use of Proceeds
Use of Proceeds1、約35%（或約9.9億港元）預計在未來48至60個月用于進一步增強我們的工業供應鏈能力； 2、約25%（或約7.07億港元）預計在未來48至60個月用于跨地域的業務擴張； 3、約30%（或約8.48億港元）預計將用于潛在戰略投資或收購； 4、約10%（或約2.83億港元）預計將用于一般公司用途及營運資金需要。
Underwriting Syndicate
Joint Sponsors (4)
Merrill Lynch (Asia Pacific) Limited CE AAC198 UBS Securities Hong Kong Limited 海通国际资本有限公司 CE ADQ859 高盛（亚洲）有限责任公司 CE ACC536
Overall Coordinators (6)
Merrill Lynch (Asia Pacific) Limited CE AAC198 UBS AG Hong Kong Branch 海通国际证券有限公司 CE AAF806 高盛（亚洲）有限责任公司 CE ACC536 华泰金融控股（香港）有限公司 CE AOK809 中信证券（香港）有限公司 CE AAK249
Joint Global Coordinators (13)
Merrill Lynch (Asia Pacific) Limited CE AAC198 UBS AG Hong Kong Branch 海通国际证券有限公司 CE AAF806 高盛（亚洲）有限责任公司 CE ACC536 华泰金融控股（香港）有限公司 CE AOK809 农银国际融资有限公司 CE AWL249 中银国际亚洲有限公司 CE AET863 中信里昂证券有限公司 CE AAB893 民银证券有限公司 CE APU820 富途证券国际（香港）有限公司 CE AZT137 香港上海汇丰银行有限公司 工银国际证券有限公司 CE ARO299 东方证券（香港）有限公司 CE AVD362
Joint Bookrunners (13)
Merrill Lynch (Asia Pacific) Limited CE AAC198 UBS AG Hong Kong Branch 海通国际证券有限公司 CE AAF806 高盛（亚洲）有限责任公司 CE ACC536 华泰金融控股（香港）有限公司 CE AOK809 农银国际融资有限公司 CE AWL249 中银国际亚洲有限公司 CE AET863 中信里昂证券有限公司 CE AAB893 民银证券有限公司 CE APU820 富途证券国际（香港）有限公司 CE AZT137 香港上海汇丰银行有限公司 工银国际证券有限公司 CE ARO299 东方证券（香港）有限公司 CE AVD362
Joint Lead Managers (13)
Merrill Lynch (Asia Pacific) Limited CE AAC198 UBS AG Hong Kong Branch 海通国际证券有限公司 CE AAF806 高盛（亚洲）有限责任公司 CE ACC536 华泰金融控股（香港）有限公司 CE AOK809 农银国际证券有限公司 CE ACX411 中银国际亚洲有限公司 CE AET863 中信里昂证券有限公司 CE AAB893 民银证券有限公司 CE APU820 富途证券国际（香港）有限公司 CE AZT137 香港上海汇丰银行有限公司 工银国际证券有限公司 CE ARO299 东方证券（香港）有限公司 CE AVD362
Capital Market Intermediaries (14)
Merrill Lynch (Asia Pacific) Limited CE AAC198 UBS AG Hong Kong Branch 海通国际证券有限公司 CE AAF806 高盛（亚洲）有限责任公司 CE ACC536 华泰金融控股（香港）有限公司 CE AOK809 农银国际融资有限公司 CE AWL249 农银国际证券有限公司 CE ACX411 中银国际亚洲有限公司 CE AET863 中信里昂证券有限公司 CE AAB893 民银证券有限公司 CE APU820 富途证券国际（香港）有限公司 CE AZT137 香港上海汇丰银行有限公司 工银国际证券有限公司 CE ARO299 东方证券（香港）有限公司 CE AVD362
Service Providers
RoleInstitution
Legal Advisor to Company 世达国际律师事务所及其联属人士
北京世辉律师事务所
迈普达律师事务所（香港）有限法律责任合伙
Legal Advisor to Sponsors/Underwriters 佳利（香港）律师事务所
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 中国银行（香港）有限公司
交通银行（香港）有限公司
Cornerstone Investors
#Investor NameInvestment AmountShares Subscribed% of Offer Shares% of Total SharesLock-up PeriodEst. Unlock Date
1 M&G 85,000,000 USD 46,936,200 22.20% 1.70% 6 months 2026-06-11
2 CPE Investment 30,000,000 USD 16,565,600 7.80% 0.60% 6 months 2026-06-11
3 晨曦投资管理 20,000,000 USD 11,043,800 5.20% 0.40% 6 months 2026-06-11
4 常春藤 15,000,000 USD 8,282,800 3.90% 0.30% 6 months 2026-06-11
5 刚睿 10,000,000 USD 5,521,800 2.60% 0.20% 6 months 2026-06-11
6 Schonfeld 5,000,000 USD 2,760,800 1.30% 0.10% 6 months 2026-06-11
7 Burkehill 5,000,000 USD 2,760,800 1.30% 0.10% 6 months 2026-06-11
Directors & Management
Chairman劉強東
Company Secretary趙明璟
No director data available.
Major Shareholders
Major Shareholders & HoldingsJD Industrial Technology Limited持有1,925,608,574股股份，佔全球發售及轉換調整完成後已發行股份的71.65%。JD.com被視為於JD Industrial Technology Limited持有的股份中擁有權益，合共持有1,945,640,594股股份，佔72.39%。
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 of 京东工业 was met with strong retail enthusiasm, reflected in the 60.52x oversubscription ratio. Despite the high demand, the overall hit rate of 54.23% indicates that a relatively wide base of applicants received allocations, as no clawback was triggered under Mechanism B. The final offer price of HKD 14.10 suggests stable pricing dynamics. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

The tier distribution shows a stark anomaly: the largest A-tier (甲尾) applicants who applied for 300,000 lots were allocated only 1 lot, identical to the first B-tier (乙头) who applied for 400,000 lots and also received 1 lot. This demonstrates severe inefficiency, as the marginal benefit of using a B-head subscription is negligible, while the funding cost differential is substantial. Broker fee efficiency varies widely, and the high-value tiers appear to offer no allocation advantage. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Broker fee structures vary, and actual costs may differ. Not financial advice.)

Demographics

Demographic data for this IPO was not disclosed in the provided source, with mainland China and Hong Kong participation percentages both at 0%, and total holders unlisted. Such missing information limits the ability to assess regional trends, although the total of 72,234 valid applications suggests broad retail engagement. The absence of granular data may indicate that this information was not collected or reported by the registrar. (This is AI-generated commentary based on historical data. Data may contain errors or omissions; verify against official HKEX filings. 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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