New stock first day | Yushitech (01511) made its debut on the stock market with a 7.13% lower opening in the morning. The company focuses on closed scene L4 autonomous driving technology.

Yulishitech (01511) debuted on the stock market with an announcement showing that each share was priced at 60.3 Hong Kong dollars, with a total of 14.4612 million shares issued, and 50 shares per lot. The net proceeds amounted to approximately 795 million Hong Kong dollars. As of the time of writing, the stock had fallen by 7.13%, trading at 56 Hong Kong dollars with a turnover of 2.11 billion Hong Kong dollars. Public information shows that Yulishitech is a supplier of Level 4 autonomous driving solutions focusing on unmanned technology in the Greater China region. The company is currently focused on commercial vehicles in closed scenarios, especially in airports and factory areas. Its solutions are versatile across various open and closed scenarios, covering logistics, operations, and motor vehicles, ranging from Level 2 to Level 4 autonomous driving. The company's core products include providing autonomous driving solutions to enterprise customers in airports, factories, as well as commercial and passenger vehicle manufacturers. These solutions include commercial vehicles with Level 4 autonomous driving functionality, autonomous driving kits, software solutions, and leasing services. The company's Level 4 vehicles are designed to operate without the need for standby safety personnel, enabling autonomous driving functionality in suitable scenarios. In the past performance period, the company mainly generated revenue from mainland China and Hong Kong.