Circuit Fabology Microelectronics Equipment, based in Hefei, led the momentum with a 73% jump to HK$439.00 shortly after opening. The firm, which produces direct imaging equipment for printed circuit boards, raised HK$3.24 billion—roughly US$413.2 million—at an initial price of HK$252.73 per share. Recent financial results show a 50% revenue increase in 2025, bolstered by high demand for its automation systems. Management intends to funnel these proceeds into R&D and expanded production capacity.

Beijing-based analog chip manufacturer SG Micro Group also gained traction, climbing 22% to HK$104.30. By issuing 54 million shares at HK$85.20, the company raised HK$4.60 billion. Its components serve the automotive and consumer electronics sectors, and the company plans to utilize the capital to diversify its product portfolio over the next five years. Both listings arrive as regional players capitalize on the global AI boom and increased domestic support for advanced hardware development.