New IPO News | DingTai High-Tech, an integrated supplier of precision manufacturing solutions, has launched its initial public offering and plans to list on July 9, with a board lot subscription amount of HK$38,383

Futu News, June 30:$DTECH (01377.HK)$The company announced that the subscription period will run from June 30 to July 6. It intends to globally offer approximately 12.632 million shares, with listing expected on July 9.

Company Overview

The company is a leading integrated supplier of precision manufacturing solutions, providing tools, materials, and intelligent equipment for key processes in the global PCB manufacturing value chain—primarily drilling, milling/forming, and other related precision manufacturing operations. According to Frost & Sullivan, the company is the world’s largest supplier of PCB drill bits by sales volume.

PCBs are widely regarded as the 'mother of the electronics industry' and play a pivotal role in global industrial manufacturing. The technological sophistication of PCB-specific cutting tools directly influences—and fundamentally determines—the pace of PCB technology iteration and the performance of end products. Furthermore, tool quality and service life affect PCB production costs and delivery lead times, thereby impacting downstream sectors’ technological competitiveness and market responsiveness through the supply chain.

Financial Summary

The company’s revenue increased by 19.9% from RMB 12,951 million in 2023 to RMB 15,526 million in 2024, and further rose by 34.2% to RMB 20,842 million in 2025, representing a compound annual growth rate (CAGR) of 26.9%. Gross profit rose from RMB 4,541 million in 2023 to RMB 5,385 million in 2024, and further increased by 56.5% to RMB 8,430 million in 2025, reflecting a CAGR of 36.3% from 2023 to 2025.

Use of Proceeds

Regarding the use of proceeds, DingTai High-Tech expects the net proceeds from the global offering to be approximately HK$4.665 billion (calculated based on an issue price of HK$380 per share, assuming the over-allotment option is not exercised). According to the prospectus, DingTai High-Tech intends to allocate the net proceeds from the global offering for the following purposes:

Approximately 67.5% of the net proceeds will be used to advance its global capacity expansion and expand international operations; approximately 10.0% will be allocated to research and development in frontier technology areas; approximately 10.0% will be used for strategic acquisitions and investments; approximately 2.5% will be dedicated to building a comprehensive digital and intelligent operations system; and approximately 10.0% will be used for working capital and general corporate purposes to support day-to-day operations and future business growth.

Further reading:DingTai High-Tech Prospectus

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Editor/Vincent

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