New stock news | Yu Shishi Technology (01511) ends subscription with oversubscription of 4666 times. The entry fee is HK$3045 for each lot.

Yu Shi Technology (01511) has completed its subscription, according to market data, the public portion recorded a subscription of 20.35 billion Hong Kong dollars with a public fundraising of 43.6 million Hong Kong dollars, oversubscribed by 4666.4 times. Yu Shi Technology conducted its IPO from May 12th to 15th, issuing 14.46 million H shares, with 5% for public offering in Hong Kong at a price of 60.3 Hong Kong dollars per share, raising 870 million Hong Kong dollars, with a minimum subscription of 50 shares at an entry fee of 3045.4 Hong Kong dollars. Yu Shi Technology is expected to debut on May 20th, with CITIC SEC as the sole sponsor. The prospectus shows that Yu Shi Technology is a leading technology-driven company in the Greater China region, focusing on L4 level autonomous driving technology. The company currently focuses on commercial vehicles in closed scenarios (especially in airports and factories), with solutions applicable to various open and closed scenarios, covering logistics, operation, and motor vehicles, ranging from L2 to L4 level of autonomous driving. The company's core products include autonomous driving solutions for enterprise customers in airports, factories, commercial vehicles, and passenger car manufacturers. These solutions include commercial vehicles equipped with L4 level autonomous driving functionality, autonomous driving kits, software solutions, and leasing services. The company's L4 vehicles are designed to operate without a standby safety officer in applicable scenarios, enabling autonomous driving. During the past performance period, the company mainly generated revenue from Mainland China and Hong Kong. In terms of finances, the company achieved revenues of approximately 161 million yuan, 265 million yuan, and 328 million yuan in the fiscal years 2023, 2024, and 2025, respectively. During the same period, gross profits were approximately 78.817 million yuan, 116 million yuan, and 168 million yuan, with corresponding gross profit margins of 48.8%, 43.7%, and 51.1%.