WUXI LEAD (00470) commenced trading on its first day of listing. According to the company's announcement, the shares were priced at HK$45.8 per share, with a total of 108 million shares issued. Each board lot consists of 100 shares, and the net proceeds from the offering amounted to approximately HK$4.796 billion. At the time of writing, the stock rose 1% to HK$46.26, with a turnover of HK$259 million.

The prospectus indicates that the manufacturing equipment and solutions delivered by WUXI LEAD are widely used across multiple application fields, including lithium batteries, photovoltaic cells, computer, communication, and consumer electronics (3C) manufacturing, smart logistics, hydrogen production and fuel cell manufacturing, automotive manufacturing, and laser precision processing.

WUXI LEAD's intelligent equipment is equipped with industrial control software, which can streamline various production processes. This helps customers transition towards highly automated unmanned factories, further reducing labor costs, improving production efficiency, and supporting their green initiatives.

According to data from Frost & Sullivan, the global new energy intelligent equipment market accounted for approximately 15% of the global intelligent equipment market by revenue in 2024. In the same year, WUXI LEAD was the world's second-largest supplier of new energy intelligent equipment by revenue, holding a market share of 2.9%.

Data from Frost & Sullivan also shows that the global lithium battery intelligent equipment market represented about 13.5% of the global new energy intelligent equipment market by revenue in 2024. In the same year, WUXI LEAD was the world's largest supplier of lithium battery intelligent equipment by revenue, with a market share of 15.5%. It was also the largest supplier of lithium battery intelligent equipment in China by revenue, holding a market share of 19.0%.