IPO Timeline
Broker Deadline
2026-07-03
Morning deadline
HKEX Deadline
2026-07-03
Noon deadline
Broker Results (T-2)
2026-07-06
Some brokers release in afternoon
Grey Market (T-1)
2026-07-07
Afternoon
HKEX Allotment (T-1)
2026-07-07
Evening
Registrar Allotment (T-1)
2026-07-07
Evening
Listing Day (T)
2026-07-08
First day of trading
Company Overview
| Stock Name | 瑞為技術 |
|---|---|
| Stock Code | 07656 |
| Company Full Name | 瑞為技術 |
| Industry | Information Technology |
| Principal Activities | 提供視覺智能技術和產品，基於自主研發的視覺大模型、深度學習相關技術、多光譜成像技術及軟硬件協同設計能力，提供視覺感知、認知及推理智能產品，應用於民航、商業空間及安全駕駛等場景。 |
| Listing Date | 2026-07-08 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | 18C特专科技 |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國廣東省深圳市南山區西麗街道沙河西路3185號南山智谷產業園F座4-5層 |
| Business Address (Hong Kong) | 香港銅鑼灣希慎道33號利園一期19樓1922室 |
| Place of Incorporation | 中国 |
| Listing Method | 全球发售 |
| Listing Board | Main Board |
| Website | www.reconova.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | 卓佳证券登记有限公司，香港金钟道89号力宝中心1座31楼3101-3103室 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | 18C特专科技 |
|---|---|
| Offer Price | HK$ 21.66 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 200 shares |
| Entry Threshold | HK$ 4,332 |
| Par Value | RMB 0.2 / shares |
| Offer Period | 2026-06-29 to 2026-07-03 |
| Global Offering Shares | 28,087,000 shares |
| HK Public Offer Shares (Initial) | 1,404,400 shares (5.0%) |
| Public Offer Lots (Initial) | 7,022lots (3,511lots, 3,511lots) |
| International Placing Shares (Initial) | 26,682,600 shares (95.0%) |
| Offer Ratio | ~5.0% |
| Total Shares Post-IPO | 305,292,905 shares |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 0% |
| Clawback Tiers | 18C回拨：<10倍→酌情增至10%，10倍至<50倍→10%，≥50倍→20% |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 608,364,420 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 4,332 |
| 2 lots | 400 | HK$ 8,664 |
| 3 lots | 600 | HK$ 12,996 |
| 4 lots | 800 | HK$ 17,328 |
| 5 lots | 1,000 | HK$ 21,660 |
| 6 lots | 1,200 | HK$ 25,992 |
| 7 lots | 1,400 | HK$ 30,324 |
| 8 lots | 1,600 | HK$ 34,656 |
| 9 lots | 1,800 | HK$ 38,988 |
| 10 lots | 2,000 | HK$ 43,320 |
| 15 lots | 3,000 | HK$ 64,980 |
| 20 lots | 4,000 | HK$ 86,640 |
| 25 lots | 5,000 | HK$ 108,300 |
| 30 lots | 6,000 | HK$ 129,960 |
| 35 lots | 7,000 | HK$ 151,620 |
| 40 lots | 8,000 | HK$ 173,280 |
| 45 lots | 9,000 | HK$ 194,940 |
| 50 lots | 10,000 | HK$ 216,600 |
| 100 lots | 20,000 | HK$ 433,200 |
| 150 lots | 30,000 | HK$ 649,800 |
| 200 lots | 40,000 | HK$ 866,400 |
| 250 lots | 50,000 | HK$ 1,083,000 |
| 300 lots | 60,000 | HK$ 1,299,600 |
| 350 lots | 70,000 | HK$ 1,516,200 |
| 400 lots | 80,000 | HK$ 1,732,800 |
| 450 lots | 90,000 | HK$ 1,949,400 |
| 500 lots | 100,000 | HK$ 2,166,000 |
| 600 lots | 120,000 | HK$ 2,599,200 |
| 700 lots | 140,000 | HK$ 3,032,400 |
| 800 lots | 160,000 | HK$ 3,465,600 |
| 900 lots | 180,000 | HK$ 3,898,800 |
| 1,000 lots | 200,000 | HK$ 4,332,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,250 lots | 250,000 | HK$ 5,415,000 |
| 1,500 lots | 300,000 | HK$ 6,498,000 |
| 1,750 lots | 350,000 | HK$ 7,581,000 |
| 2,000 lots | 400,000 | HK$ 8,664,000 |
| 2,250 lots | 450,000 | HK$ 9,747,000 |
| 2,500 lots | 500,000 | HK$ 10,830,000 |
| 3,000 lots | 600,000 | HK$ 12,996,000 |
| 3,511 lots | 702,200 | HK$ 15,209,652 |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 6,612,644,322 |
|---|---|
| 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 | 亏损人民币68.1百万元 |
| Period-End Cash Balance | 人民币38.1百万元 |
| Listing Expenses | ~HK$ 79,300,000 |
| Listing Expenses / Funds Raised | ~13.03% |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | Loading... |
|---|
Use of Proceeds
| Use of Proceeds | 约55.8%用于持续研究核心技术及增强产品供应，约26.3%用于建立生产基地，约17.9%用于补充营运资金及一般企业用途。 |
|---|
Underwriting Syndicate
Joint Bookrunners (9)
华泰金融控股（香港）有限公司 CE AOK809
建银国际金融有限公司 CE AJO225
农银国际融资有限公司 CE AWL249
民银证券有限公司 CE APU820
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
东皓证券有限公司 CE BHV050
富途证券国际（香港）有限公司 CE AZT137
粤商国际证券有限公司 CE BEZ371
Joint Lead Managers (9)
华泰金融控股（香港）有限公司 CE AOK809
建银国际金融有限公司 CE AJO225
农银国际证券有限公司 CE ACX411
民银证券有限公司 CE APU820
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
东皓证券有限公司 CE BHV050
富途证券国际（香港）有限公司 CE AZT137
粤商国际证券有限公司 CE BEZ371
Capital Market Intermediaries (10)
华泰金融控股（香港）有限公司 CE AOK809
建银国际金融有限公司 CE AJO225
农银国际融资有限公司 CE AWL249
农银国际证券有限公司 CE ACX411
民银证券有限公司 CE APU820
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
东皓证券有限公司 CE BHV050
富途证券国际（香港）有限公司 CE AZT137
粤商国际证券有限公司 CE BEZ371
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
金杜律师事务所 金杜律师事务所 Sherman Shi Law Group P.C. |
| Legal Advisor to Sponsors/Underwriters |
竞天公诚律师事务所有限法律责任合伙 信达律师事务所 |
| 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 |
中国建设银行（亚洲）股份有限公司 中国银行（香港）有限公司 |
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
| Chairman | 詹東暉 |
|---|---|
| Company Secretary | 于金喜、賴浩恩 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 詹東暉先生、蘇曉生先生、遲暢女士及韓松光先生作為一致行動人，連同其所控法團合共持有約39.60%股份。 |
|---|
Offering Structure
Subscription Tiers
IPO Timeline
