EACON
| Register Close | 2026/07/03 IPO Closing in 3 Days |
| Listing Date | 2026/07/08 |
| Register Close | 2026/07/03 IPO Closing in 3 Days |
| Listing Date | 2026/07/08 |
EACON Group Co. focuses on the commercial deployment of mining autonomous driving solutions in the mining industry. The Group’s solutions are designed for large-scale open-pit mines with complex mining environment, limited labor supply and stringent safety requirements.
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According to the report, the Group ranked first in China’s commercial vehicle intelligent driving market by revenue in 2025 and was also the largest provider of mining autonomous driving solutions in China by the number of active autonomous mining trucks as of December 31, 2025, with a market share of approximately 37.6% by revenue in 2025. As of December 31, 2025, the Group’s deployed fleet comprised 2,580 active autonomous mining trucks.
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The Group provides fully integrated solutions for large-scale mining operations through two core solution suites: Closed-Environment Autonomous Mining Trucks Products and Solutions (ORCASTRA) and Mining Digitalization Solutions (Conductor Plus).
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As of December 31, 2025, the Group’s solutions were deployed in 19 of all the 41 open-pit coal mines with approved annual capacity exceeding 10 million tonnes, and seven out of the 12 largest open-pit coal mines in terms of approved annual capacity in China. The Group’s customers primarily include mining companies and their contractors, and it derived a majority of its revenue from its Closed-Environment Autonomous Mining Trucks Products and Solutions.
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 50 |
| No. of Offer Shares | 26.13M H shares |
| No. of International Offer Shares | 23.52M H shares |
| No. of HK Offer Shares | 2.61M H shares |
| Offer Price | $81.16 - $87.92 |
| Stock Code | 7687 |
| Sponsor(s) | Haitong International Capital Limited |
| Underwriter(s) | Haitong International Securities Company Limited, Macquarie Capital Limited, CLSA Limited, Mizuho Securities Asia Limited, CMB International Capital Limited, China Industrial Securities International Capital Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited |
| Application Period | Jun 29 (Mon) - noon, Jul 03 (Fri) |
| Price Determination Date | Jul 06 (Mon) |
| Result Announcement Date | On or before Jul 07 (Tue) |
| Result Announcement Date | On or before Jul 07 (Tue) |
| Result Announcement Date | On or before Jul 08 (Wed) |
| Dealings in Shares commence on | Jul 08, 2026. (Wed) |
| Offer Price | $81.16 - $87.92 |
| Capitalization (H Shares) | 12.00B - 13.00B |
| NAV / share ($) | $21.46 - $22.61 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 84.54, the net proceeds raised would be HKD 2.07B, of which |
| 35% : Enhance research and development efforts in software, upgrading autonomous driving algorithms to improve transportation efficiency and safety |
| 15% : Enhance research and development efforts in hardware |
| 4% : Support information technology development |
| 23% : Support overseas business expansion |
| 8% : Support talent development and organizational growth |
| 5% : Pursue strategic investments that align with long-term growth objectives |
| 10% : Working capital |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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