New IPO News | Lingyi Intelligent Manufacturing, a 'high-precision intelligent manufacturing platform for electronic devices,' has launched its initial public offering and is scheduled to list on June 26, with a board lot subscription amount of HK$6,786.56

Futu News reported on June 17, $LINGYI ITECH (01688.HK)$ The company announced that the IPO subscription period will run from June 17 to June 23. It plans to globally offer approximately 812 million shares and expects to list on June 26.

Company Overview

Lingyi Intelligent Manufacturing is a leading high-precision intelligent manufacturing platform for electronic devices, providing global customers with one-stop manufacturing services and solutions. Leveraging continuous technological advancement and AI-integrated manufacturing capabilities, the company offers a comprehensive product portfolio encompassing core materials, high-precision functional components, modules, and premium assembly services. Guided by its core operational principles of lean production, data-driven operations, automation, and sustainability, the company empowers diverse end markets, including AI-enabled devices, robotics, enterprise-grade commercial servers, automotive applications, and the low-altitude economy.

Positioning itself as the 'long-term manufacturing partner behind industry giants,' Lingyi Intelligent Manufacturing has built a production system characterized by 'large scale, high standards, and high complexity.' Supported by cross-functional collaborative R&D, rapid response capabilities, and a globally distributed network of R&D and manufacturing facilities, the company has become an integral part of the electronic device ecosystem and has received multiple supply chain awards from leading global clients. Key business highlights include:

Source: Prospectus

Financial Summary

During the historical reporting period, Lingyi Intelligent Manufacturing’s revenue amounted to RMB 34,154.0 million in 2023, RMB 44,259.5 million in 2024, and RMB 51,428.9 million in 2025. The company’s profit for the year was RMB 2,013.9 million in 2023, RMB 1,760.7 million in 2024, and RMB 2,326.8 million in 2025.

In 2023, 2024, and 2025, the company's gross profit was RMB 63,935 million, RMB 63,931 million, and RMB 78,184 million, respectively, with corresponding gross profit margins of 18.7%, 14.4%, and 15.2%.

Source: Prospectus

Use of Proceeds

Regarding the use of proceeds, Lingyi Smart Manufacturing expects the net proceeds from the global offering to be approximately HKD 8.152 billion (assuming the over-allotment option is not exercised and calculated at the maximum offer price of HKD 10.18 per share). According to the prospectus, Lingyi Smart Manufacturing intends to allocate the funds raised from the global offering as follows:

Approximately 37.6% will be used to further enhance the company's production capacity and upgrade core manufacturing processes through equipment investments; approximately 11.9% will be allocated to further strengthen the company's core R&D capabilities and technological innovation infrastructure; approximately 30% will be dedicated to strategic investments and acquisitions to support industry resource integration; approximately 10.5% will be used to expand the company's domestic and overseas production infrastructure; and approximately 10% will be allocated for working capital and general corporate purposes.

Further reading:Lingyi Smart Manufacturing prospectus

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