Shanghai Longcheer Technology (09611) will be conducting its IPO from January 14th to January 19th, with plans to globally offer 52.2591 million H shares.

Shanghai Longcheer Technology (09611) will conduct its IPO from January 14 to January 19, 2026, with the company planning to globally issue 52.2591 million H-shares, of which 10% will be offered in Hong Kong and 90% internationally. The issue price per share will not exceed HK$31.00, with a minimum trading unit of 100 shares for H-shares. It is expected that trading of H-shares will commence on the Hong Kong Stock Exchange on January 22, 2026, at 9:00 am. The company is a leading global provider of smart products and services, offering solutions for renowned smart product brands and leading tech enterprises - including product research, design, manufacturing, and support. According to Frost & Sullivan data, based on the 2024 ODM shipment volume for consumer electronics, the company is the world's second-largest consumer electronics ODM manufacturer, with a 22.4% market share; based on the 2024 ODM shipment volume for smart phones, the company is the world's largest smart phone ODM manufacturer, with a 32.6% market share. The company mainly competes in the global consumer electronics ODM market, a segment of the global smart product ODM market, which is a part of the global smart product manufacturing industry. Established in 2004, the company has always adhered to its core values of "customer-centric, inspiring dedication, and long-termism". Over the past two decades, the company has accumulated industry-leading capabilities in smart products, creating a solution matrix covering solution design, hardware innovation, system-level software platform development, lean manufacturing, supply chain integration, and quality control. With its mature value chain expertise, the company has built a diverse product portfolio including smart phones, AIPC, automotive electronics, tablets, smart watches/wristbands, and smart glasses. The company has also developed a wide range of core customers, including leading brands such as Xiaomi, Samsung Electronics, Lenovo, Honor, OPPO, and vivo. In 2022, 2023, and 2024, as well as for the nine months ending September 30, 2024 and 2025, the company's revenues were RMB 29.343 billion, RMB 27.185 billion, RMB 46.383 billion, RMB 34.921 billion, and RMB 31.332 billion, respectively. During the same period, the company's annual/profit for the year was RMB 0.562 billion, RMB 0.603 billion, RMB 0.493 billion, RMB 0.425 billion, and RMB 0.515 billion, respectively. The company has entered cornerstone investment agreements with Qualcomm, Jiangxi Guokong, OmniVision HK, HK Utong, Qingdao Guanlan, and Guotai Junan Securities Investment (Hong Kong) Limited (relating to Guanlan's off-exchange swaps), and Endless Growth. The cornerstone investors agree, subject to certain conditions, to subscribe at the issue price or prompt designated entities to subscribe for a total of approximately USD 56.5 million worth of sale shares. Based on the maximum issue price of HK$31.00 per share, assuming the exercise of any excess share option, the company estimates that it will receive a net proceeds of approximately HK$1.521 billion from the global offering. The company intends to use these net proceeds for the following purposes: approximately 40% will be used to expand overall capacity domestically and internationally to enhance the company's in-house production capabilities. Approximately 20% will be allocated to support the company's ongoing research and development work, particularly strengthening the company's independent research and innovation capabilities in key areas. Approximately 10% will be used to enhance the company's marketing and customer expansion efforts domestically and internationally. Approximately 20% will be used to support the company's strategic investments or acquisitions globally. Through strategic investments or acquisitions, the aim is to further strengthen the company's forward-looking technology strategy, expand its ecosystem, and increase its market share. Approximately 10% will be used for the company's operational funds and other general corporate purposes.