Longcheer Technology, a renowned enterprise within the consumer electronics ODM (Original Design Manufacturer) sector, has recently executed its 'A+H' dual - listing strategy. It successfully issued 52.259 million new shares in Hong Kong at a price of HK$31 per share, thereby raising a total of HK$1.62 billion.

This share offering garnered an enthusiastic response from both international placements and Hong Kong public offerings. It witnessed high subscription multiples and successfully secured the participation of cornerstone investors. On its debut day, Longcheer Technology's shares opened at HK$35 each. The closing price stood at HK$32.30 per share, marking a 4.19% increase from the issue price and resulting in a total market capitalization of HK$16.88 billion.

Since its inception in 2004, Longcheer Technology has constructed a diversified product portfolio. Its core customer base encompasses numerous industry - leading brands. By 2024, Longcheer Technology had ascended to become the world's second - largest consumer electronics ODM manufacturer and the largest smartphone ODM manufacturer.

In terms of financial performance, from 2022 to 2024, the company's revenue and net profit experienced fluctuations. Although revenue declined in the first three quarters of 2025, net profit witnessed an increase. The smartphone business, which serves as the company's core segment, has consistently maintained a robust growth momentum.

The company is actively investing in the research and development of 5G products. It has implemented a '1+2+X' product strategy, making significant strides in the AIPC (Artificial Intelligence Personal Computer) and automotive electronics sectors. From 2022 to the first three quarters of 2025, the company's R&D expenditure has shown a continuous upward trend.

The proceeds from this Hong Kong stock offering will be mainly utilized for expanding production capacity, bolstering R&D efforts, extending marketing reach, and for general corporate purposes.