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SDMC Tech

00901 · HKEX
Listed

Huaxida is a world‑leading provider of integrated AI Home solutions, a national high‑tech enterprise and a national key “Little Giant” enterprise specializing in refinement, specialization, innovation…

Listed

IPO Timeline

  1. OpenMay 18
  2. CloseMay 20
  3. AllotmentMay 22
  4. PaymentMay 27
  5. ListingMay 27

Key Facts

Issue Price

HKD 32.80

Min Entry Fee

HKD 3,313.07

Shares Issued

19.21M

Lot Size

100

Total Raise

HKD 630.0M

Estimated Market Cap

HKD 6.87B

Public Allocation

10.0%

International Placement

90.0%

Business Overview

Huaxida is a world‑leading provider of integrated AI Home solutions, a national high‑tech enterprise and a national key “Little Giant” enterprise specializing in refinement, specialization, innovation and novelty.

Use of Proceeds

1、Approximately 25% or HK$142.5 million will be used over the next three years to enhance market position and develop new products;

2、Approximately 35% or HK$199.5 million will be used over the next three years to apply AI technology in home scenarios;

3、Approximately 20% or HK$114.0 million will be used over the next three years for global expansion;

4、Approximately 10% or HK$57.0 million will be used to invest in peer market participants or upstream and downstream market participants with strong potential in artificial intelligence and algorithm fields;

5、Approximately 10% or HK$57.0 million will be used as working capital and for other general corporate purposes.

Sponsor Track Record

NamePast DealsFirst Day Avg %Break Rate %30-Day Avg %
中金香港2812.421.48.6
中信里昂199.726.35.1
建银国际146.235.71.8

Baseline updated: 2026-04-15

Intermediaries & Documents

Sponsors

  • China Securities (International) Corporate Finance Company Limited

Underwriters

  • China Securities (International) Corporate Finance Company Limited
  • CMB International Capital Limited
  • CCB International Capital Limited
  • ABCI Securities Company Limited
  • CNCB (Hong Kong) Capital Limited

Prospectus PDF

Prospectus PDF

Cornerstone Investors

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