IPO Timeline Raw facts
Broker Deadline
Morning deadline
HKEX Deadline
Noon deadline
Broker Results (T-2)
Some brokers release in afternoon
Grey Market (T-1)
Afternoon
HKEX Allotment (T-1)
Evening
Registrar Allotment (T-1)
Evening
Listing Day (T)
First day of trading
Company Overview
| Stock Name | CAMSENSE |
|---|---|
| Stock Code | 06802 |
| Company Full Name | Shenzhen Camsense Technologies Co., Ltd. |
| Industry | Semiconductors |
| Principal Activities | We specialize in developing spatial sensing products, with a focus on robotic vacuums. Leveraging AI technologies, we build intelligent spatial sensing systems and provide algorithms and hardware for robotic vacuums. Our product matrix covers conventional triangulation LiDAR, dTOF LiDAR, 3D TOF LiDAR and line laser sensors. We possess proprietary submillimeter spatial data processing chip design and core spatial sensing algorithm capabilities. We serve all five largest market players in the robotic vacuum industry and are expanding into yard robots, pool-cleaning robots and humanoid robots. |
| Listing Date | 2026-09-30 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | Room 1801, Block C, Minzhi Share Commercial Center, Beizhan Community, Minzhi Street, Longhua District, Shenzhen, Guangdong Province, PRC |
| Business Address (Hong Kong) | Room 1920, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong |
| Place of Incorporation | China |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | camsense.cn |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | 卓佳证券登记有限公司,香港金钟道89号力宝中心1座31楼3101-3103室 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 58.85 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 5,885 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-09-22 to 2026-09-25 |
| Global Offering Shares | 11,588,800 shares |
| HK Public Offer Shares (Initial) | 1,158,900 shares (10.0%) |
| Public Offer Lots (Initial) | 11,589lots (Pool A5,794lots,Pool B5,795lots) |
| International Placing Shares (Initial) | 10,429,900 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 96,573,639 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | China International Capital Corporation Hong Kong Securities Limited CE AEN894 |
| Cornerstone Share | 16.1% |
| Clawback Tiers | Mechanism B: no clawback mechanism |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 682,000,880 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 5,885 |
| 2 lots | 200 | HK$ 11,770 |
| 3 lots | 300 | HK$ 17,655 |
| 4 lots | 400 | HK$ 23,540 |
| 5 lots | 500 | HK$ 29,425 |
| 6 lots | 600 | HK$ 35,310 |
| 7 lots | 700 | HK$ 41,195 |
| 8 lots | 800 | HK$ 47,080 |
| 9 lots | 900 | HK$ 52,965 |
| 10 lots | 1,000 | HK$ 58,850 |
| 15 lots | 1,500 | HK$ 88,275 |
| 20 lots | 2,000 | HK$ 117,700 |
| 25 lots | 2,500 | HK$ 147,125 |
| 30 lots | 3,000 | HK$ 176,550 |
| 35 lots | 3,500 | HK$ 205,975 |
| 40 lots | 4,000 | HK$ 235,400 |
| 45 lots | 4,500 | HK$ 264,825 |
| 50 lots | 5,000 | HK$ 294,250 |
| 60 lots | 6,000 | HK$ 353,100 |
| 70 lots | 7,000 | HK$ 411,950 |
| 80 lots | 8,000 | HK$ 470,800 |
| 90 lots | 9,000 | HK$ 529,650 |
| 100 lots | 10,000 | HK$ 588,500 |
| 200 lots | 20,000 | HK$ 1,177,000 |
| 300 lots | 30,000 | HK$ 1,765,500 |
| 400 lots | 40,000 | HK$ 2,354,000 |
| 500 lots | 50,000 | HK$ 2,942,500 |
| 600 lots | 60,000 | HK$ 3,531,000 |
| 700 lots | 70,000 | HK$ 4,119,500 |
| 800 lots | 80,000 | HK$ 4,708,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 900 lots | 90,000 | HK$ 5,296,500 |
| 1,000 lots | 100,000 | HK$ 5,885,000 |
| 2,000 lots | 200,000 | HK$ 11,770,000 |
| 3,000 lots | 300,000 | HK$ 17,655,000 |
| 4,000 lots | 400,000 | HK$ 23,540,000 |
| 5,000 lots | 500,000 | HK$ 29,425,000 |
| 5,794 lots | 579,400 | HK$ 34,097,690 |
Stock Connect Inclusion Analysis
| 26Q4 Regular Review | |
| Inclusion Pathway | Regular Path |
|---|---|
| HK Market Cap | HK$ 9.38B |
| Est. Threshold | HK$ 9.44B |
| Analysis Result | HK market cap below threshold, need +1% |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 5,683,358,655 |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Approximately 1694.5x (based on offer price HK$58.85 and 2025 EPS) |
| Profit/Loss Status | Net profit RMB 2.2 million |
| Period-End Cash Balance | RMB 26.31 million |
| Listing Expenses | ~HK$ 66,600,000 |
| Listing Expenses / Funds Raised | ~9.77% |
| Total Pre-IPO Investment | RMB 409.8 million |
Financial Data
Unit:
'000
RMB
Income Statement
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 332,107 | 433,324 | 613,523 |
| Cost of sales | -260,852 | -362,483 | -512,534 |
| Gross profit | 71,255 | 70,841 | 100,989 |
| Other income and gains, net | 10,812 | 9,415 | 7,228 |
| Selling and distribution expenses | -5,861 | -5,600 | -5,230 |
| Administrative expenses | -21,620 | -25,497 | -39,987 |
| Net finance costs | -933 | -913 | -692 |
| Profit before tax | -883 | -31,360 | 2,201 |
| Income tax expense | 0 | -15 | 0 |
| Profit for the year | -883 | -31,375 | 2,201 |
| Profit attributable to owners | -883 | -31,375 | 2,201 |
Balance Sheet
| Item | 2023 | 2024 | 2025 | 2026-03 |
|---|---|---|---|---|
| Cash and cash equivalents | 15,109 | 29,608 | 12,123 | |
| Trade and bills receivables | 74,413 | 137,923 | 185,726 | |
| Inventories | 27,208 | 52,852 | 59,138 | |
| Total current assets | 259,818 | 340,399 | 412,311 | |
| Total assets | 336,334 | 407,914 | 483,591 | |
| Total current liabilities | 77,509 | 117,409 | 144,245 | |
| Total liabilities | 86,719 | 130,288 | 156,189 | |
| Total equity | 249,615 | 277,626 | 327,402 | |
| Equity attributable to owners | 249,615 | 277,626 | 327,402 | |
| Interest-bearing borrowings | 10,000 | 0 | 10,000 | 10,000 |
Cash Flow Statement
| Item | 2023 | 2024 | 2025 | 2026-03 |
|---|---|---|---|---|
| Net cash from operating activities | -34,831 | -39,987 | -9,038 | |
| Net cash from investing activities | 12,397 | 20,451 | -52,183 | |
| Net cash from financing activities | -767 | 34,052 | 43,633 | |
| Net increase in cash | -23,201 | 14,516 | -17,588 | |
| Depreciation of PP&E | 5,201 | 7,297 | 11,666 | 3,221 |
| Depreciation of right-of-use assets | 3,949 | 6,129 | 5,390 | 1,720 |
| Amortisation of intangible assets | 103 | 124 | 113 | 42 |
| Purchase of PP&E | -9,545 | -38,947 | -16,511 | -3,312 |
Income Statement
Balance Sheet
Cash Flow Statement
Source: Accountants' Report and Audited Consolidated Financial Statements
| First Day Close | Loading... |
|---|---|
| Use of Proceeds | Approx. 65.0% for R&D (15.6% foundation technology, 20.1% LiDAR products, 10.4% line laser sensors, 10.3% new industrial applications, 8.6% technology platform), approx. 25.0% for manufacturing capabilities, approx. 10.0% for working capital |
Underwriting Syndicate
Joint Sponsors (2)
Sponsor cum Overall Coordinator (2)
Overall Coordinators (3)
Joint Global Coordinators (3)
Joint Bookrunners (11)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
Guosen Securities (HK) Capital Company Limited CE AUX600
GF Securities (Hong Kong) Brokerage Limited CE AOB364
建银国际金融有限公司 CE AJO225
FIRST SHANGHAI SECURITIES LIMITED CE ABV488
Futu Securities International (HONG KONG) Limited CE AZT137
Huafu International Securities Limited CE BQC241
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
SkyVast Securities Limited CE AVT666
Somerley Capital Limited CE BAU754
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
Capital Market Intermediaries (11)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
Guosen Securities (HK) Capital Company Limited CE AUX600
GF Securities (Hong Kong) Brokerage Limited CE AOB364
建银国际金融有限公司 CE AJO225
FIRST SHANGHAI SECURITIES LIMITED CE ABV488
Futu Securities International (HONG KONG) Limited CE AZT137
Huafu International Securities Limited CE BQC241
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
SkyVast Securities Limited CE AVT666
Somerley Capital Limited CE BAU754
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
Stabilizing Manager (1)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
Kirkland & Ellis 上海市锦天城(深圳)律师事务所 Ashurst Perkins Coie Tokyo (Ashurst Perkins Coie Horitsu Jimusho Gaikokuho Kyodo Jigyo) |
| Legal Advisor to Sponsors/Underwriters | 金杜律师事务所 |
| Auditor and Reporting Accountant | 安永会计师事务所 |
| Industry Advisor | 灼识企业管理咨询(上海)有限公司 |
| Compliance Advisor | 第一上海融资有限公司 CE AES612 |
| Receiving Banks | 中国银行(香港)有限公司 |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Golden Link Worldwide Limited | 100,000,000 HKD | 1,699,200 | 14.66% | 1.76% | 6 months | 2027-03-30 |
| 2 | Taiwan ZMAX Optech Co., Ltd. | 10,000,000 HKD | 170,000 | 1.47% | 0.18% | 6 months | 2027-03-30 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman | Wang Jian | Wang Jian |
| Company Secretary | Chen Pei | Chen Pei |
| Executive Director | 王健 | Wang Jian |
| Non-Executive Director | 李尚然 | Li Shangran |
| Independent Non-Executive Director | 董胜堂 | Dong Shengtang |
| Executive Director | 周琨 | Zhou Kun |
| Non-Executive Director | 刘鑫鹏 | Liu Xinpeng |
| Independent Non-Executive Director | 甄伟杰 | Conrad Yan |
| Executive Director | 黄署光 | Huang Shuguang |
| Independent Non-Executive Director | 梁文昭 | Liang Wenzhao |
| Executive Director | 丘琳 | Qiu Lin |
Major Shareholders
| Major Shareholders & Holdings | Mr. Wang Jian (11.02% beneficial + 10.71% concert parties + 5.72% controlled corporations); Mr. Zhou Kun (9.07% + 12.66% + 5.72%); Mr. Liu Yi (1.64% + 25.82%); Fuhai Shenwan (5.26%); OFC (11.96%); Qianhai Ark Assets (6.81%); Mr. Yang Xi (0.14% + 6.13%) |
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