NewTimeSpace | A Roundup of "First Stocks" in Hong Kong IPOs (September 2026)

A Roundup of "First Stocks" in Hong Kong IPOs (September 2026)

No.

Stock Code

Company

"First Stock" Title

Reason for Inclusion

1

06802.HK

CAMSENSE

First Stock in High-Precision AI Spatial Positioning

According to the prospectus, Camsense is the world's largest supplier of spatial perception products for intelligent robots, with a market share of over 50%, and its products cover the world's top five intelligent robot manufacturers.

2

03228.HK

KINWONG

First Stock in Global Automotive PCBs

By 2025 revenue, Kinwong is the world's largest automotive electronics PCB supplier with a market share of 10.6%; eight of the world's top ten Tier 1 automotive suppliers are its customers; its PCB products are widely used by the world's top ten automotive groups, and it has begun mass production of high-end products for AI computing infrastructure, including high-layer-count PCBs with more than 40 layers and 6-stage 22-layer HDI PCBs.

3

06731.HK

DIRECT DRIVE

First Stock in Direct-Drive Power Modules

By 2025 revenue, the company ranks first in China's consumer robot direct-drive power module industry with a market share of 61.1%, and second in China's dual-wheel-legged robot industry with a market share of 18.6%; its D1 robot is the world's first commercially launched modular dual-wheel-legged robot.

4

06727.HK

TRANSWARP

First Stock Among Independent AI Infrastructure Software Providers

By 2025 revenue, the company is China's fifth-largest AI infrastructure software supplier (with a market share of 2.7%) and the largest independent service provider in the market; it is the world's first database company to pass the TPC-DS test and official audit, and the first Chinese company to be included in Gartner's Magic Quadrant for Data Warehouse and Data Management Solutions.

5

03231.HK

EXCELLAND ROBOT

First Stock in Full-Scenario Commercial Service Robots

The company's five product series simultaneously cover indoor and outdoor delivery, cleaning and unmanned retail; by 2025 revenue, it is China's third-largest commercial delivery robot supplier (with a share of 9.8%) and fourth-largest commercial cleaning robot supplier (with a share of 8.8%), and is the first commercial service robot company on the Hong Kong stock market positioned around "full scenarios".

6

09976.HK

LONGSYS

First Independent Memory Stock on the Hong Kong Market

By 2025 revenue, the company is China's largest independent semiconductor memory manufacturer and the world's second-largest independent memory manufacturer; it owns three major brands — FORESEE, Zilia and Lexar — with products covering consumer-grade, enterprise-grade and industrial-grade applications.

7

09615.HK

MECH-MIND ROBOT

First Stock in Embodied AI "Eyes-Brain-Hands"

Mech-Mind is the market leader in global "AI + 3D vision" general-purpose intelligent robot guidance components, ranking first in the industry by 2025 revenue with a market share of approximately 22.1%, and also ranking first by shipment volume in the same year; the company provides standardized "eyes-brain-hands" core components for intelligent robots (Mech-Eye industrial 3D cameras, the Mech-GPT multimodal large model and Mech-Hand bionic dexterous hands), giving robots closed-loop "perception-planning-execution" capabilities, and has served more than 100 Fortune Global 500 companies.

Data compiled by: NewTimeSpace Research Statistics period: September 2026