New Stock Debut | Jinko Electronics Co., Ltd. listed for the first time, opening up 16.34% in the morning session

Zhitong
2024.11.08 01:27
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Jinko Electronics Co., Ltd. rose 16.34% on its first day of listing, with an opening price of HKD 3.61 per share, issuing 38.64 million shares and net fundraising approximately HKD 82.25 million. The company focuses on intelligent vision products and system solutions, covering automotive intelligent vision, high-end lighting, and new displays, with a market share of 5.3% in China's high-end lighting industry in 2023. Major clients include Signify, Samsung Electronics, and Geely Automobile

According to the Zhitong Finance APP, Jinko Electronics Co., Ltd. (02551) has officially listed, with an announcement showing a price of HKD 3.61 per share, issuing a total of 38.64 million shares, with each lot consisting of 1,000 shares. The net proceeds are expected to be approximately HKD 82.25 million. As of the time of writing, the stock has risen by 16.34%, trading at HKD 4.20, with a transaction volume of HKD 81.4701 million.

It is reported that Guangdong Jinko Electronics is a leading provider of intelligent visual products and system solutions in China, integrating "LED+" technology, and is also a candidate supplier for the "Geely" automotive production line. Jinko Electronics' business areas cover automotive intelligent vision, high-end lighting, and new displays. Relying on industry insights and forward-looking technology strategies, it combines LED technology with integrated circuits (IC), electronic control, software, sensors, and optics, possessing various "LED+" technologies.

According to data from ZhiShi Consulting, based on revenue, the company ranks third among domestic component and module manufacturers in China's high-end lighting industry and fifth among all component and module manufacturers in the same industry, with a market share of 5.3% in 2023. Jinko Electronics has announced that its main customers include Signify (Philips Lighting), Samsung Electronics, Hisense, TCL, Skyworth, Toyota Tsusho, Panasonic Lighting, Changhong, Geely Automobile, and Changan Automobile, with the highest proportion coming from the Geely group