Yunyinggu's Hong Kong stock market is listed, with over HK$1 billion invested in MicroLED driver chips and other projects

On May 27, Yunyinggu Technology was officially listed on the main board of the Hong Kong Stock Exchange with the stock code 03310.HK, becoming the first display driver chip design company in the Hong Kong stock market.

On the first day of listing, the stock opened with an increase of more than 22% from the issue price of HK$20.81, and soared to an intraday high of HK$38.6, an increase of more than 80%, and the market responded enthusiastically. This time, Yunying Valley Technology sold approximately 52.86 million H shares globally, and the final net raised amount was approximately HK$1.019 billion. The Hong Kong public offering was subscribed more than 3,550 times, and the international offering was also subscribed more than 7 times, which shows that investors recognize the development prospects of Yunying Valley Technology.

Yunyinggu Technology tried to log on to the Science and Technology Innovation Board as early as 2023. After signing a listing guidance agreement, it submitted application materials in June of the same year, but voluntarily withdrew its application three months later. Then at the end of 2024, touch chip leader Goodix Technology planned to incorporate Yunyinggu into the A-share listing platform through a wholly-owned acquisition. However, the two parties failed to reach an agreement on core terms such as transaction consideration, and the plan was terminated in March 2025.

After two setbacks in capital operations, Yunyinggu submitted a prospectus to the Hong Kong Stock Exchange for the first time in June 2025. After the application expired, it submitted a prospectus for the second time in January 2026. Finally, it obtained the overseas issuance and listing registration from the China Securities Regulatory Commission in March this year. It successfully passed the hearing of the Hong Kong Stock Exchange in early May and was successfully listed on May 27.

As a Fabless model display driver chip design company, Yunyinggu Technology is a well-known global supplier of AMOLED display driver chips for smartphones. It also develops Micro OLED/Micro LED display backplanes and driver chips for AR/VR devices.

From 2022 to 2025, Yunyinggu Technology’s revenue will be 551 million yuan, 720 million yuan, 891 million yuan, and 1.106 billion yuan respectively, with a four-year compound growth rate of over 25%.

Among them, in 2025, Yunyinggu Technology's AMOLED display driver business revenue will be 802 million yuan, a year-on-year increase of 72.6%; Micro OLED display backplane and driver chip business revenue will be 296 million yuan, a year-on-year increase of 26.7%.

With this listing, Yunying Valley Technology has a clear investment plan for the funds raised. 47% of the funds will be used for the research and development and optimization of AMOLED TDDI chips to promote the improvement of chip integration and the expansion of application scenarios; 33% of the funds will be used for the research and development of Micro OLED and Micro LED display backplanes and drivers; and 20% of the funds will be used for strategic investment, acquisitions and supplementary working capital.

(Compiled by LEDinside)

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