MININGLAMP-W (02718) made its market debut with shares opening 98.58% higher at HK$280, compared to its IPO price of HK$141 per share. The company issued 7.219 million shares, with each lot consisting of 40 shares, raising approximately HK$902 million in net proceeds. Trading volume reached HK$281 million by mid-morning.

As China's leading data intelligence application software provider, MININGLAMP-W specializes in marketing and operational intelligence solutions for both online and offline scenarios. The company leverages large models, industry-specific knowledge, and multimodal data to transform enterprise marketing strategies, operational designs, and decision-making processes. According to Frost & Sullivan, MININGLAMP-W ranked as China's largest data intelligence application software provider by total revenue in 2023.

The company's products and solutions fall into three main categories: marketing intelligence, operational intelligence, and industry-specific AI solutions. Its marketing intelligence portfolio includes the Second Needle System, Gold Data, and private domain tools based on Tencent's ecosystem (WeCom Assistant). The Second Needle System, MININGLAMP-W's flagship product and primary revenue driver, comprises three specialized software solutions: media spending optimization, social media management, and user growth. WeCom Assistant helps businesses manage customer interactions across private and public domains through WeChat and Enterprise WeChat platforms.