Futu supported the listing of 'the world's leading business IoT solutions provider' Sunmi Technology, with the stock opening over 292% higher on its first day

On April 29, 2026, Shanghai Sunmi Technology Group Co., Ltd. (referred to as: Sunmi Technology, stock code: 6810.HK) successfully listed on the Main Board of the Hong Kong Exchange. As one of the joint bookrunners and joint lead managers of this IPO, Futu fully leveraged its technological trading platform advantages, efficiently reaching high-quality investor groups during the public offering phase, laying a solid foundation for liquidity and trading activity after Sunmi Technology’s listing.

Sunmi Technology, established in 2013, is a world-leading Business Internet of Things (BIoT) solutions provider. Its disruptive solutions integrate smart hardware, software, and data insights, empowering numerous offline commercial scenarios to achieve digital transformation and enhance core operational processes such as payment, membership management, order fulfillment, inventory control, and employee management. According to CIC data, as of 2024 by revenue, Sunmi Technology is currently the largest Android-based BIoT solutions provider globally, capturing more than 10% market share. The Android-based BIoT solutions market is expected to experience explosive growth over the next five years.

In this IPO, the company introduced cornerstone investors such as China Orient Enhanced Income Fund, collectively subscribing to approximately HKD 286 million worth of shares, accounting for about 27.03% of the offered shares. In terms of shareholders, the company has received backing from top-tier capital firms including Ant Group, Meituan, Xiaomi, Shenzhen Capital Group, Lightspeed China Partners, ABC International, among others.

According to the prospectus, from 2023 to 2025, Sunmi Technology generated revenues of RMB 3.071 billion, RMB 3.456 billion, and RMB 3.812 billion respectively; net profits were RMB 101 million, RMB 181 million, and RMB 223 million respectively. Most notably, the company's profitability structure continued to improve, with gross margins rising from 26.7% in 2023 to 28.9% in 2024, and further increasing to 31.3% in 2025.

The proceeds raised from this IPO will be used to fund the research and development of BIoT hardware and software solutions, strengthen supply chain and production operations, and implement global market expansion plans.

With its solid position as an industry leader, consistently strong financial performance, robust shareholder resource support, and a clear global strategy, Sunmi Technology is now at a new starting point. Powered by AI as its core engine, the company is accelerating the transformation and upgrading of global commercial intelligence.

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As a leading digital financial technology company, Futu, supported by an investor ecosystem of over 29.18 million and a comprehensive corporate service system, is able to provide companies with end-to-end services throughout the pre-IPO, IPO, and post-IPO phases. These include a one-stop ESOP option management solution, Hong Kong and US stock IPO distribution, investor relations (IR) and public relations (PR), financial public relations services, international placement, secondary trading services, and other core services.

As of Q4 2025, more than half of the top ten companies in terms of Hong Kong IPO fundraising amounts have collaborated with Futu. Nearly half of the Hong Kong IPO projects in Q4 were in cooperation with Futu. The total subscription amount for Hong Kong IPOs on the Futu platform reached 3.5 trillion Hong Kong dollars in Q4, firmly ranking first in the market. Futu’s capabilities in US IPOs have attracted attention, as all retail clients who subscribed to popular new stocks such as Bullish, Figure, and Gemini were successfully allocated shares.

As of Q4 2025, Futu's corporate services have reached 1,161 clients, providing IPO distribution and IR services to 600 enterprises. It has assisted 387 companies, including Meituan, Kuaishou, Xiaomi, Baidu, KE Holdings, JD Health, and Bilibili, in successfully listing in Hong Kong and the United States. Futu has cumulatively signed contracts with 830 ESOP clients, and a total of 1,300 listed companies are now hosted on the Futu platform.

In the future, Futu will fully leverage its resources and market influence to provide more professional and efficient services to a larger customer base!

*Securities-related businesses such as IPO distribution are provided by licensed subsidiaries under Futu.

*Data source: Market cap as of the first day of listing

*Data source: Futu's Q4 2025 earnings report

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