Target Company Overview

Blanc Technology Co., Ltd. (stock code: 6613.HK) successfully made its debut on the Hong Kong Stock Exchange on July 9, 2025, marking a significant milestone and the establishment of a benchmark for A+H listings in the current year. On its first day of trading, the stock opened at HKD 18.88 per share, representing a 3.85% increase from its issue price, with a total market capitalization exceeding HKD 99 billion. The company's IPO received strong recognition from top-tier international institutions, witnessing a subscription rate of 462.76 times for the public offering in Hong Kong and 16.68 times for the international offering.

Industry Overview in China

The global precision structural components and modular solutions market for consumer electronics is highly competitive and continuously evolving. Blanc Technology stands out in this sector, primarily due to its advanced technology, manufacturing capabilities, and a comprehensive global presence. These core strengths enable the company to push the boundaries of interactivity in consumer electronics, introducing products such as “smart interactive glass” that incorporates integrated sensors and advanced functionalities.

Moreover, in the smart automotive sector, Blanc Technology has developed a diverse product portfolio that includes automotive glass, smart cockpit integration, and automotive-grade sensors. This has solidified partnerships with leading global automotive manufacturers, enhancing its market position significantly. The company's manufacturing efficiency and innovative approaches contribute to the optimization of critical metrics such as material utilization, energy consumption levels, and yield rates.

In terms of global operations, Blanc Technology has established a robust capacity network encompassing its headquarters in China and overseas production bases. The funds raised from the IPO will primarily focus on core technology research and development, global capacity expansion, and investments in emerging sectors to create diversified growth opportunities for investors. Areas of focus include augmented reality optics, smart sensing technologies, and new materials, which will deepen collaboration between the consumer electronics and smart automotive markets.

Rationale Behind the Deal

The strategic investment by Jinyong Investment, a subsidiary of Hongyi Investment, amounts to USD 6 million, positioning itself as a cornerstone investor in Blanc Technology's IPO. This investment aligns with Hongyi Investment’s commitment to supporting the rapid development of the technology sector in China. By aiding Blanc Technology, Jinyong Investment is not only reinforcing its portfolio but also fostering new productive capabilities within the industry, generating robust returns for its investors.

The IPO serves as a catalytic platform for Blanc Technology to accelerate its growth trajectory and further enhance its capabilities in high-tech manufacturing. Through innovative financing strategies, the company aims to continuously improve its product offerings while nurturing technological advancements.

Investor Information

Hongyi Investment operates with a mission to empower real industries through financial means, ensuring that capital investment leads to tangible developments within the tech sphere. As a seasoned investment firm, it aims to bridge the gap between finance and technological innovation, ensuring a thriving business environment for rapidly advancing companies like Blanc Technology.

Jinyong Investment, under Hongyi Investment, leverages its extensive market expertise and networks to identify and nurture emerging leaders within the technology sector. By participating in Blanc Technology’s IPO, Jinyong Investment not only demonstrates confidence in the company’s vision but also underscores its commitment to long-term sustainable growth.

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From an expert perspective, the cornerstone investment made by Jinyong Investment in Blanc Technology appears to be a prudent decision. The company’s solid standing within the consumer electronics and automotive solutions industries, coupled with its innovative capabilities, presents a favorable outlook for future growth. The significant demand observed during its IPO reflects strong market confidence, suggesting that Blanc Technology is well-positioned to capitalize on emerging trends.

The focus on new material development and synergies between consumer electronics and automotive sectors exhibits a strategic vision that aligns with industry trajectories. The substantial capital raised through the IPO is expected to bolster research and development, enhancing product offerings and solidifying Blanc Technology’s market leadership.

Moreover, Hongyi Investment's approach to nurturing a 'patient capital' philosophy indicates a long-term perspective that could yield fruitful outcomes for both the investor and the target company. Overall, the deal is anticipated to foster innovation while supporting the growth of a key player in the high-tech manufacturing landscape.

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