--- title: "[New Stock Listing] LINGYI ITECH: Mainland's 3 factories have a monthly production capacity of at least 15,000 robots, and the industry competition situation is healthy" type: "News" locale: "en" url: "https://longbridge.com/en/news/290912064.md" description: "LY iTECH was listed today, with an offering price of 10.18 yuan. The company stated that its three factories in mainland China have a monthly production capacity of at least 15,000 robots, and the Chengdu factory is a joint venture with Zhiyuan Robotics. To mitigate trade risks, the company has established factories in multiple countries to achieve supply chain localization. The chairman believes that competition in the robotics industry is healthy and that prices need to be lowered to open up the market. The public offering in Hong Kong was oversubscribed by approximately 95 times, raising about 8.26 billion yuan" datetime: "2026-06-26T04:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290912064.md) - [en](https://longbridge.com/en/news/290912064.md) - [zh-HK](https://longbridge.com/zh-HK/news/290912064.md) --- # [New Stock Listing] LINGYI ITECH: Mainland's 3 factories have a monthly production capacity of at least 15,000 robots, and the industry competition situation is healthy According to the Economic Information Agency on the 26th, LINGYI ITECH (01688), a core supplier of AI terminal hardware, made its debut today. Chairman Zeng Fangqin pointed out to reporters that the combined production capacity of robots in Beijing, Zhengzhou, and Chengdu is at least 15,000 units per month, with the Chengdu factory partnering with Zhiyuan Robotics for a joint venture. The company also plans to increase production capacity in East China. She expects to focus on vertical integration of components such as motors in the future, as well as robot training and data sharing between different factories. \\\* Supporting localized supply chains and capabilities to mitigate trade restriction risks \* Apart from mainland China, North America has the highest number of orders for the company. In light of the impact of Sino-U.S. trade restrictions, she noted that the company has factories in the United States, Brazil, Turkey, India, Vietnam, and Thailand to support localized supply chains and capabilities, thereby mitigating related risks. Regarding the competition and profit impact in the mainland robotics industry, Zeng Fangqin believes the situation is healthy, stating that "robots are too expensive for anyone to want to use," and that prices must be lowered. She continued that if robots are to be used for repetitive tasks to replace human labor in the future, they must first have economic value, thus she believes prices need to decrease before the market can open up. \\\* Oversubscribed by approximately 95.16 times, subscribing for 90 lots guarantees 1 lot \* LINGYI ITECH opened at HKD 10.8 this morning, 6.1% higher than the offering price of HKD 10.18. Based on a lot size of 660 shares, excluding handling fees, each lot earns HKD 409.2. LINGYI ITECH announced that the final sale price for each H share is HKD 10.18, with approximately 163,000 applicants for the Hong Kong public offering, oversubscribed by about 95.16 times. Among the approximately 71,000 people who subscribed for one lot of 660 H shares, 879 were allocated shares, with a distribution ratio of 1.23%. Those who subscribed for 59,400 shares, or 90 lots, were guaranteed 1 lot. The group indicated that the "top hammer fly" involves approximately 40.59 million shares, with 4 applicants each receiving 366,300 shares, resulting in a distribution ratio of 0.9%. The shares offered in the Hong Kong public offering account for 10% of the total shares offered, while the international offering was oversubscribed by 9.27 times. The group raised approximately HKD 8.26 billion through the IPO. Given the high concentration of equity among a few shareholders, even a small amount of H shares traded could lead to significant price fluctuations. (rh) ### Related Stocks - [01688.HK](https://longbridge.com/en/quote/01688.HK.md) - [002600.CN](https://longbridge.com/en/quote/002600.CN.md) ## Related News & Research - [Hong Kong's 'Hard Tech' Boom Is a Chaotic Mix of Real AI Hardware and Desperate Corporate Pivots](https://longbridge.com/en/news/290939355.md) - [From Telegram Bot to the Full-Fledged Platform: 001k.bot Launches Web Dashboard](https://longbridge.com/en/news/290982136.md) - [Data flywheel? Duplicate samples? Robots should say goodbye to "hour worship".](https://longbridge.com/en/news/291030185.md) - [Score 1 for AI. Law firm staffed by bots wins a case in an English court.](https://longbridge.com/en/news/290727886.md) - [Delivery robot startup Robot.com is betting its next act on workplace humanoids](https://longbridge.com/en/news/290448611.md)