New stock news | "The first AI hard technology stock with visual embodiment intelligence" Ruwei Technology (07656) is launching an IPO, adding high-quality targets to the Hong Kong stock AI hard technology track.

Hong Kong stock "the first stock of visual embodied intelligence" Ruiwei Technology officially launched its IPO today (June 29). Ruiwei Technology (07656) plans to globally issue 28,087,000 H shares, with 5% of the shares issued in Hong Kong and 95% internationally. The offer price is HK$21.66 per share, with 200 shares per lot and an application fee of HK$4,375.69 per lot. It is expected to raise a total of HK$6.08 billion. The company is expected to be listed on the Hong Kong Stock Exchange on July 8, with Huatai International, CICC, and ICBC International as its joint sponsors. Ruiwei Technology is an enterprise-level AI company with visual intelligence at its core, holding an 8.7% share of the Chinese civil aviation visual intelligence product market. Different from traditional AI visual companies, Ruiwei Technology has gradually evolved towards embodied intelligence. In the past two years, the company's core technology has further extended to the field of embodied intelligence that integrates visual reasoning and execution, providing commercially viable Siasun Robot&Automation with autonomous work capabilities for airport, logistics, factory, and other enterprise scenarios. In September last year, Ruiwei Technology released the airport luggage transfer Siasun Robot&Automation "Xiao Yi" series, aiming for commercial deployment by 2026. Financial data shows that Ruiwei Technology is in a critical stage of transitioning from investment to harvest. From 2023 to 2025, the company's revenue increased from HK$242 million to HK$443 million, with a compound annual growth rate of up to 35.2%, indicating strong growth momentum. Looking at the Hong Kong stock market, new listings of AI hardware technology stocks continue to show independent trends, and niche targets in the sub-segment are highly sought after by investors. Recently, physical AI company HQVT (01392) and Enterprise Decision AI company DEEPZERO (02723) achieved oversubscription rates of 7181.21 times and 5480.23 times respectively in their public offerings, with post-listing gains exceeding 200%, reflecting the market's high recognition of physical deployment AI companies. Ruiwei Technology is a rare Hong Kong stock company integrating vision algorithms with commercial Siasun Robot&Automation, with a significant advantage in the trillion-dollar embodied intelligence market. The company may continue the hot trend of new AI stocks in Hong Kong, opening up long-term valuation potential.