New IPO News | E Ink display manufacturer Dongfang Kemo has launched its IPO, aiming for a listing on July 8, with a minimum subscription amount of HK$5,106.50 per board lot

Futu News, June 29:$DKE (01770.HK)$An announcement was issued stating that the company will open its IPO subscription from June 29 to July 3, offering approximately 5.1186 million shares globally, with an expected listing date of July 8.

Company Overview

The company is a well-established player in the global E Ink display industry. According to CIC Consulting, based on 2025 revenue, the company ranks as the world's second-largest E Ink display manufacturer (with a market share of 20.8%) and the largest global commercial E Ink display manufacturer by revenue (with a market share of 24.9%). The global commercial E Ink display segment accounted for 83.5% of the total global commercial E Ink display market in 2025 by revenue, highlighting the company's leading market position.

Over the past 15 years, the company has accumulated extensive experience in the E Ink display industry and has developed in-house capabilities for designing and manufacturing E Ink display modules. It focuses on the research and development, production, and sales of E Ink display modules across various colors and sizes. Its product portfolio serves diverse application scenarios including smart retail, smart office, smart education, smart logistics, smart transportation, e-readers, and emerging applications.

Financial Summary

For the years 2023, 2024, and 2025, the company’s revenue amounted to RMB 1,024.2 million, RMB 1,151.6 million, and RMB 1,713.0 million, respectively. Cost of sales for the same periods totaled RMB 862.4 million, RMB 969.1 million, and RMB 1,432.8 million, representing 84.2%, 84.2%, and 83.6% of total revenue, respectively.

Use of Proceeds

Regarding the use of proceeds, Dongfang Kemoi expects the net proceeds from the global offering to be approximately HK$410 million (assuming the over-allotment option is not exercised and calculated based on the mid-point of the offering price range at HK$89.88 per share). According to the prospectus, Dongfang Kemoi intends to allocate the proceeds from the global offering as follows:

Approximately 65.0% will be used as one of the funding sources to enhance future production capacity and upgrade the intelligence level of its manufacturing facilities. Approximately 25.0% will be allocated to strengthening the company's research and development capabilities and technological expertise to enrich its product portfolio. The remaining approximately 10.0% will be used for working capital and general corporate purposes.

Further reading:Dongfang Kemoi Prospectus

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Editor/Vincent

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