LeiDi Network, Lei Jianping, June 28

Beijing CREALIGHTS Technology Co., Ltd. (abbreviated as "CREALIGHTS", stock code: "01191") will be listed on the Hong Kong Stock Exchange tomorrow.

CREALIGHTS has an issue price of HKD 114, issuing 13.43 million shares, with a total fundraising amount of HKD 1.53 billion; after deducting the listing fees of HKD 116 million, the net fundraising amount is HKD 1.415 billion.

The cornerstone investors of CREALIGHTS include JSC International Investment Fund SPC under Beijing State-owned Assets Supervision and Administration Commission, Win-Win Technology under Baiwei Storage, Kingsoft Cloud Network, UBS AM Singapore, Perseverance Asset Management, and E Fund, with a total subscription of HKD 763 million.

Among them, JSC International Investment Fund SPC subscribed for HKD 250 million, Win-Win Technology subscribed for HKD 200 million, Kingsoft Cloud Network subscribed for HKD 39.17 million, UBS AM Singapore subscribed for HKD 157 million, Perseverance Asset Management subscribed for HKD 78.345 million, and E Fund subscribed for HKD 39.17 million.

The prospectus shows that CREALIGHTS' revenue for 2023, 2024, and 2025 is expected to be HKD 175 million, HKD 862 million, and HKD 1.221 billion respectively; gross profit is expected to be -HKD 31.3 million, HKD 100 million, and HKD 110 million respectively; gross profit margin is expected to be -17.9%, 11.8%, and 9% respectively.

In 2025, CREALIGHTS' revenue from optical modules is expected to be HKD 924 million, accounting for 75.7%; revenue from AOC is expected to be HKD 248 million, accounting for 20.3%.

CREALIGHTS's losses for the years 2023, 2024, and 2025 are projected to be 109 million, 17.9 million, and 100 million respectively; the loss rates are 61.9%, 2.1%, and 8.2% respectively.

After the IPO, Dr. Hu Chaoyang directly holds 9.44% of the shares, Suzhou Haiyi holds 5.3%, Suzhou Haixu holds 3.21%, and Dr. Hu Chaoyang controls a total of 17.95% of the company's equity.

Suzhou Ronglian Venture Capital holds 5.91%, Suzhou Huaiqi holds 2.15%, Jusheng Venture Capital holds 0.39%, and Jinguyuanxin holds 0.28%, controlling a total of 8.72% of the equity; Suzhou Xieli Venture Capital holds 3.96%, Suzhou Junshi Xieli holds 3.16%, and Junding Xieli holds 0.58%, controlling a total of 7.7% of the company's equity;

Jiangsu Gaotou Bangsheng holds 3.77%, Suzhou Bangsheng Yingxin holds 1.91%, and Bangsheng Juyuan holds 0.21%, controlling a total of 5.89% of the company's equity; Wuxi Yuli holds 1.67%, Suzhou Kuanjindai holds 0.96%, with a total holding of 2.63%; Yuanhe holds 1.33%, Suzhou Qina holds 1.28%, with a total holding of 2.61%;

Tianjin TEDA holds 5.61%, Jiangsu Bohua, Beijing Information Development Fund, and Beijing Economic Development Zone Industrial Upgrade Fund Phase II each hold 4.79%;

Alibaba holds 4.2%, Xiaomi Smart Manufacturing holds 2.3%, Beijing Haiju holds 2.22%, Shanghai Handuo holds 2.15%, Yiwu Huaxin Yuanjing holds 1.86%, Jiaxing Gaohe holds 1.61%, Suzhou Yinjihold holds 1.23%, Zhongtian Technology holds 1.12%, Jinyuan Huifu holds 0.99%, Juyuan Zhuxin holds 0.74%, Jiang Wenhao holds 0.68%, Zhong Junqi holds 0.58%, and other shareholders hold a total of 15%.

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