Futu supported SENASIC, the first company specializing in Physical AI edge wireless smart chips, in its successful listing on the Hong Kong Stock Exchange (stock code: 06675.HK)

On June 17, 2026, SENASIC Electronics Technology (Jiangsu) Co., Ltd. (referred to as 'SENASIC'), a global leader in automotive wireless sensing SoCs, with stock code: $SENASIC (06675.HK)$ ), successfully listed on the Main Board of the Hong Kong Stock Exchange, officially becoming"The first listed company in on-device wireless AI chips for Physical AI", marking its entry into a new phase of global capital development.

In this IPO process, Futu participated throughout the offering as joint bookrunners (JBR) and joint lead managers (JLM). Leveraging its advantages as a global technology-driven trading platform and its extensive network of high-net-worth and institutional investors, Futu efficiently introduced diversified, high-quality, and actively trading global capital to SENASIC, helping the company solidify its investor base and laying a strong foundation for post-listing stock activity and market liquidity.

According to the prospectus, SENASIC secured nine cornerstone investors for this IPO: Sunwoda Hong Kong, Longwei Hong Kong (affiliated with Baolong Technology), Oakwise, Tembusu, Yan Yan, Wusong Capital, Thalassa Capital, Chample, and Libra Fixed Income One SP. These investors collectively subscribed for approximately HK$283 million, representing 28.86% of the total size of the global offering. The combined backing from industrial capital and professional investment institutions provides robust support for the company's long-term and stable growth.

The prospectus states that SENASIC is a global leader in wireless sensing SoCs and on-device sensing-and-computing chips for Physical AI. The company has developed a proprietary SoC technology platform integrating sensing, data processing, and wireless transmission, and has established three comprehensive product lines: smart tire chips, smart battery cell chips, and general-purpose smart sensing chips. According to Frost & Sullivan:

– By revenue in 2025, the company isChina’s largest automotive wireless sensing SoC company and the world’s third-largest supplier of automotive wireless sensing SoCs,with a global market share of 8.5% and a China market share of 21.6%;

– In 2025, all of China’s top ten domestic automakers by sales volume will have adopted the company’s products; its wireless sensing chips are already compatible with over 40 mainstream vehicle models, and cumulative shipments of automotive sensing SoCs have reached 241.9 million units;

– The first domestic company in China to achieve large-scale mass production of automotive-grade wireless TPMS (tire pressure monitoring system) SoCs, breaking the long-standing monopoly held by overseas suppliers.

The company's products extensively cover high-end manufacturing sectors including passenger vehicles, new energy storage, industrial sensing, and robotics. It serves as a deep-tier supplier to multiple leading automakers and energy storage champions, and stands as a benchmark domestic enterprise in the import substitution of automotive-grade sensing chips.

Financial data shows that SENASIC has experienced rapid expansion in its operating scale and continuous improvement in earnings quality. From 2023 to 2025, the company recorded revenues ofRMB 224 million, RMB 348 million, and RMB 516 million; with gross profits for the same periods amounting toRMB 37.1 million, RMB 70.6 million, and RMB 133.6 million, respectively. Gross margin has steadily improved year-over-year, and adjusted non-IFRS losses have significantly narrowed, reflecting strong commercialization progress.

According to the prospectus, SENASIC intends to allocate the net proceeds from this IPO (approximately HKD 906.7 million, assuming no exercise of the over-allotment option) toward the following strategic purposes:

– 40%: Expand business scale and accelerate commercialization of smart tire, smart cell, and general-purpose sensing chip solutions;

– 30%: Increase R&D investment in core technologies and further develop the underlying automotive-grade wireless sensing SoC platform;

– 10%: Expand domestic and international sales channels and enhance the global market service network;

– 10%: Strategic investment in and M&A integration of high-quality companies along the industrial chain;

– 10%: Supplementing working capital and general corporate purposes.

According to a report by Frost & Sullivan, the global automotive wireless sensing SoC market continues to expand rapidly. Coupled with the surging demand for edge-side perception driven by Physical AI, there is substantial growth potential in energy storage and industrial sensing applications. Domestically, the penetration rate of new energy vehicles continues to rise, yet the adoption of wireless and intelligent sensing chips remains low, offering strong long-term growth visibility and creating significant headroom for leading domestic chipmakers.

Through its Hong Kong listing, SENASIC will deepen its focus on the Physical AI edge-side perception segment, intensify R&D investments in automotive-grade sensing chips, expand commercialization efforts both domestically and overseas, and strengthen its industrial ecosystem—solidifying its position as China’s leading wireless sensing SoC provider and accelerating its global business expansion.

As a leading digital fintech company, Futu leverages its investor ecosystem of over 30.17 million users and a comprehensive corporate services platform to offer end-to-end solutions throughout the pre-IPO, IPO, and post-IPO stages. Core offerings include an all-in-one ESOP equity management solution, Hong Kong and U.S. IPO distribution*, investor relations (IR) and public relations (PR), financial communications services, international bookbuilding, and secondary market trading services.

In Q1 2026, more than 60% of companies listing on the Hong Kong Stock Exchange chose to partner with Futu. Futu’s platform recorded HK$3.1 trillion in subscription value for Hong Kong IPOs in Q1, solidifying its position as the market leader. Its U.S. IPO capabilities have drawn significant attention, with hot new listings such as Bullish, Figure, and Gemini achieving full allocation for all U.S.-based subscribing clients.

As of Q1 2026, Futu served 1,209 corporate clients, providing IPO distribution and IR services to 625 enterprises. It has supported 414 companies—including Meituan, Kuaishou, Xiaomi, Baidu, KE Holdings, JD Health, and Bilibili—in successfully listing in Hong Kong and the U.S. Futu has signed up 853 ESOP clients to date, with over 1,400 listed companies having joined its 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 services such as IPO distribution are provided by licensed subsidiaries of Futu.

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

*Source: Futu Q1 2026 Financial Results

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