--- title: "KEYTOP PARKING will be listed tomorrow: dark market rises 203%, with a market value of HKD 12.1 billion relying on providing parking system services" type: "News" locale: "en" url: "https://longbridge.com/en/news/290849819.md" description: "KEYTOP PARKING will be listed on the Hong Kong Stock Exchange tomorrow, with an issue price of HKD 39.55. Today, it surged 203% in the dark market to HKD 119.9, with a market capitalization of HKD 12.1 billion. The company mainly focuses on the research, sales, and operation services of smart parking systems, with an expected revenue of RMB 831 million and a net profit of RMB 93.68 million in 2025. It had previously planned to list on the Shenzhen Stock Exchange but has since terminated that plan" datetime: "2026-06-25T14:24:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290849819.md) - [en](https://longbridge.com/en/news/290849819.md) - [zh-HK](https://longbridge.com/zh-HK/news/290849819.md) --- # KEYTOP PARKING will be listed tomorrow: dark market rises 203%, with a market value of HKD 12.1 billion relying on providing parking system services ![1.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/7dbe03360febce7c3be8ebf0e85916ed.jpeg?x-oss-process=style/lg) Leidi Network, Lei Jianping, June 25 Smart parking space operator Xiamen KEYTOP PARKING Technology Co., Ltd. (abbreviated as "KEYTOP PARKING", stock code: "02272") will be listed on the Hong Kong Stock Exchange tomorrow. KEYTOP PARKING's issue price is HKD 39.55, with 10,112,280 shares offered, raising a net amount of HKD 340 million. KEYTOP PARKING had previously planned to list on the Shenzhen Stock Exchange's ChiNext, aiming to raise HKD 587 million, but this was terminated in September 2022. KEYTOP PARKING's dark market surged 203% today; the closing price in the dark market was HKD 119.9, with a market value of HKD 12.125 billion. Annual revenue of HKD 830 million, profit of HKD 93.68 million KEYTOP PARKING was established in 2006, focusing on the research, production, and sales of smart parking management systems, as well as providing smart parking operation management services. KEYTOP PARKING specializes in integrating technology to connect the three key elements of urban parking (people, vehicles, and spaces). The prospectus shows that KEYTOP PARKING's revenue for 2023, 2024, and 2025 is projected to be HKD 738 million, HKD 800 million, and HKD 831 million, respectively; gross profit is projected to be HKD 343 million, HKD 367 million, and HKD 385 million, with gross margins of 46.4%, 45.9%, and 46.4%, respectively. ![2.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/0beef0ca9015cf3c1b309c5483b9e627.jpeg?x-oss-process=style/lg) In 2025, KEYTOP PARKING's revenue from intelligent parking systems is expected to be HKD 478 million, accounting for 57.5%; revenue from intelligent parking management services is expected to be HKD 176 million, accounting for 21.2%; and revenue from parking lot operations is expected to be HKD 175 million, accounting for 21.1%. ![3.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/1d512041c930062ca10928bfc93d16ae.jpeg?x-oss-process=style/lg) KEYTOP PARKING's operating profit for 2023, 2024, and 2025 is projected to be HKD 105 million, HKD 102 million, and HKD 111 million, respectively; operating profit margins are projected to be 14.3%, 12.8%, and 13.4%, respectively. KEYTOP PARKING's net profit for 2023, 2024, and 2025 is projected to be HKD 87.03 million, HKD 86.71 million, and HKD 93.68 million, respectively; net profit margins are projected to be 11.8%, 10.8%, and 11.3%, respectively ![4.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/59daa0e5c1ebcb0399fa15b00955e253.jpeg?x-oss-process=style/lg) KEYTOP PARKING's adjusted net profits for 2023, 2024, and 2025 are expected to be 89.41 million yuan, 91.69 million yuan, and 122 million yuan, respectively. Sun Longxi controls 54% of the company's shares. After the IPO, Sun Longxi holds 23.73% of the shares, Huang Jinlian holds 21.55%, and Hualong Electronics holds 3%, with the controlling shareholders collectively controlling 48.28% of the company. The employee shareholder platform holds a total of 4.31% of the shares, of which Xiamen Juhua holds 3.19%, Xiamen Tuoju Xin holds 1%, and Xiamen Tuoju Lian holds 0.12%. ![5.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/8a7eab67b1377d218ef429977318ccc8.jpeg?x-oss-process=style/lg) Jiatian Cheng Group holds a total of 9.42% of the shares, of which Peng Jianhu holds 5.48% of the company's shares, and Jiatian Cheng holds 3.94%. Tencent holds 7.61%, of which Lin Zhili holds 5.54% of the company's shares, and its related party Suzhou Paiyi holds 2.07% of the shares; Zhengzhi Investment holds 3.78%, Hongtai Zhiying holds 3.34%, Yusheng holds 3.34%, Xiamen Suming holds 3.26%, and Fulu Century holds 2.68%; Yu Yunhui holds 2.11%, Yiwu Datou holds 0.71%, Yu Li holds 0.57%, Fan Zijing holds 0.35%, and Xiamen Shan'er Li holds 0.24%. —————————————— ### Related Stocks - [02272.HK](https://longbridge.com/en/quote/02272.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) ## Related News & Research - [08:01 ETBreaker Launches 2026 International Newsletter Awards to Spotlight the Best Independent Voices in Email](https://longbridge.com/en/news/290691555.md) - [ZAWYA: Raiyn launches as the trust-led communications network of the future](https://longbridge.com/en/news/290797782.md) - [METALIGHTContributes to China's Demand-Responsive Transit Guide; On-Demand Transit Platform Live in Multiple Cities](https://longbridge.com/en/news/290901461.md) - [Orestone Sampling Confirms Oxide Gold Stockwork Zone and Two New Exciting Exploration Targets at Francisca Gold-Silver Property | ORESF Stock News](https://longbridge.com/en/news/290966875.md) - [00:58 ETVedanta finalise une scission historique et introduit quatre nouvelles sociétés à la BSE et à la NSE](https://longbridge.com/en/news/290776900.md)