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New IPO News | "Autonomous driving solutions provider" Yikong Zhijia has launched its IPO subscription, planning to list on July 8, with a minimum subscription amount of HK$4,440.34 per lot

Futu News, June 29:$EACON (07687.HK)$An announcement was issued stating that the IPO subscription period will run from June 29 to July 3. The company plans to offer approximately 26.132 million shares globally and expects to list on July 8.
Futu News, June 29:$EACON (07687.HK)$An announcement was issued stating that the IPO subscription period will run from June 29 to July 3. The company plans to offer approximately 26.132 million shares globally and expects to list on July 8. Company Overview The company focuses on the commercial deployment of autonomous driving solutions in mining areas and is among the earliest entrants into the field of autonomous mining transportation. Its solutions are designed to meet specific operational needs of mines, particularly in complex mining environments with limited human resources and high safety requirements. The company recognized early on the potential for large-scale adoption of autonomous driving technology in mining operations and swiftly established its presence in China’s mining autonomous driving solutions market. As of December 31, 2025, the company’s solutions had been deployed in 19 out of 41 open-pit coal mines in China with an approved annual production capacity exceeding 10 million tonnes, including seven of the top 12 largest open-pit coal mines by approved annual capacity. Financial Summary The company’s revenue primarily comes from (i) autonomous haul trucks and related solutions for closed environments and (ii) digitalization solutions for mining sites. Revenue increased from RMB 270.9 million in 2023 to RMB 986.2 million in 2024, and further rose to RMB 1,435.3 million in 2025, representing a compound annual growth rate (CAGR) of 130.2% during this period. Use of Proceeds Fundraising for...
Company Overview
The company focuses on the commercial deployment of autonomous driving solutions in mining areas and is among the earliest entrants into the field of autonomous mining transportation. Its solutions are designed to meet specific operational needs of mines, particularly in complex mining environments with limited human resources and high safety requirements.
The company recognized early on the potential for large-scale adoption of autonomous driving technology in mining operations and swiftly established its presence in China’s mining autonomous driving solutions market. As of December 31, 2025, the company’s solutions had been deployed in 19 out of 41 open-pit coal mines in China with an approved annual production capacity exceeding 10 million tonnes, including seven of the top 12 largest open-pit coal mines by approved annual capacity.
Financial Summary
The company’s revenue primarily comes from (i) autonomous haul trucks and related solutions for closed environments and (ii) digitalization solutions for mining sites. Revenue increased from RMB 270.9 million in 2023 to RMB 986.2 million in 2024, and further rose to RMB 1,435.3 million in 2025, representing a compound annual growth rate (CAGR) of 130.2% during this period.
Futu News, June 29:$EACON (07687.HK)$An announcement was issued stating that the IPO subscription period will run from June 29 to July 3. The company plans to offer approximately 26.132 million shares globally and expects to list on July 8. Company Overview The company focuses on the commercial deployment of autonomous driving solutions in mining areas and is among the earliest entrants into the field of autonomous mining transportation. Its solutions are designed to meet specific operational needs of mines, particularly in complex mining environments with limited human resources and high safety requirements. The company recognized early on the potential for large-scale adoption of autonomous driving technology in mining operations and swiftly established its presence in China’s mining autonomous driving solutions market. As of December 31, 2025, the company’s solutions had been deployed in 19 out of 41 open-pit coal mines in China with an approved annual production capacity exceeding 10 million tonnes, including seven of the top 12 largest open-pit coal mines by approved annual capacity. Financial Summary The company’s revenue primarily comes from (i) autonomous haul trucks and related solutions for closed environments and (ii) digitalization solutions for mining sites. Revenue increased from RMB 270.9 million in 2023 to RMB 986.2 million in 2024, and further rose to RMB 1,435.3 million in 2025, representing a compound annual growth rate (CAGR) of 130.2% during this period. Use of Proceeds Fundraising for...
Use of Proceeds
Regarding the use of proceeds, Yikong Zhijia expects to receive net proceeds of approximately HKD 2.071 billion from the global offering (assuming the over-allotment option is not exercised and calculated based on the mid-point offer price of HKD 84.54 per share). According to the prospectus, Yikong Zhijia intends to allocate the net proceeds from the global offering as follows:
Approximately 35.0% of the net proceeds will be used to enhance the company’s software research and development efforts; approximately 15.0% will be allocated to strengthen hardware R&D; approximately 4.0% will support information technology development; approximately 23.0% will fund overseas business expansion and customer acquisition initiatives; approximately 8.0% will support talent development and organizational growth, with a focus on attracting, retaining, and empowering a high-performance, cross-functional team; approximately 5.0% will be dedicated to strategic alliances, investments, and selective acquisitions; and approximately 10.0% will be used for working capital and other general corporate purposes.
Further reading:Yikong Zhijia Prospectus
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Futu News, June 29:$EACON (07687.HK)$An announcement was issued stating that the IPO subscription period will run from June 29 to July 3. The company plans to offer approximately 26.132 million shares globally and expects to list on July 8. Company Overview The company focuses on the commercial deployment of autonomous driving solutions in mining areas and is among the earliest entrants into the field of autonomous mining transportation. Its solutions are designed to meet specific operational needs of mines, particularly in complex mining environments with limited human resources and high safety requirements. The company recognized early on the potential for large-scale adoption of autonomous driving technology in mining operations and swiftly established its presence in China’s mining autonomous driving solutions market. As of December 31, 2025, the company’s solutions had been deployed in 19 out of 41 open-pit coal mines in China with an approved annual production capacity exceeding 10 million tonnes, including seven of the top 12 largest open-pit coal mines by approved annual capacity. Financial Summary The company’s revenue primarily comes from (i) autonomous haul trucks and related solutions for closed environments and (ii) digitalization solutions for mining sites. Revenue increased from RMB 270.9 million in 2023 to RMB 986.2 million in 2024, and further rose to RMB 1,435.3 million in 2025, representing a compound annual growth rate (CAGR) of 130.2% during this period. Use of Proceeds Fundraising for...
Editor/Vincent
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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