HK Stock Connect Insight | UISEE TECH (01511.HK) Down About 40% Since Stock Connect Inclusion, Still About 44% Below Offer Price of HKD 60.30

NewTimeSpace News: On October 16, 2026, UISEE TECH closed at HKD 33.72, up 0.36% for the day, with turnover of HKD 8.07 million.

According to public information, UISEE TECH listed on the Main Board of the Hong Kong Stock Exchange on May 20, 2026 at an offer price of HKD 60.30, with a global offering of approximately 14.4612 million H shares and net proceeds of approximately HKD 795 million. The Hong Kong public offering was 6,777.29 times oversubscribed, while the international offering was 5.66 times oversubscribed.

At present, since its listing on May 20, 2026, the company's share price has reached a high of HKD 102.30 and a low of HKD 31.40. As of October 16, 2026, the shares closed at HKD 33.72, about 44.1% below the offer price of HKD 60.30; since its inclusion in Stock Connect, the share price has fallen from HKD 56.60 at the close on September 7, 2026 to HKD 33.72, down about 40.4% in total.

It is understood that, according to announcements by the Shanghai Stock Exchange and the Shenzhen Stock Exchange, the shares of UISEE TECH have been included in the list of eligible securities under the Stock Connect programme with effect from September 7, 2026; eligible mainland investors may trade the company's shares through the Stock Connect channel.

Founded in February 2016, UISEE TECH is a full-scenario L4 autonomous driving solution provider. Centred on its self-developed U-Drive system, the company has built four businesses: autonomous vehicles, kits, software solutions and vehicle leasing. As of June 30, 2026, the company's cumulative truly driverless operating mileage exceeded 10.20 million kilometres, with more than 1,400 L4 vehicles and kits deployed, covering 6 countries and regions and 249 customers.

On the financial front, the company's revenue has maintained rapid growth: revenue was approximately RMB 161 million, RMB 265 million and RMB 328 million in 2023, 2024 and 2025 respectively; revenue for the first half of 2026 was RMB 163 million, up 64.9% year on year, with a gross margin of 52.9%. By business segment, revenue from autonomous driving software solutions grew 56.1% year on year, while revenue from autonomous driving kit solutions increased to RMB 25.12 million.

A Huatai Securities research report noted that closed and semi-closed scenarios such as airports, factory areas and ports have clear operating boundaries and standardized workflows, making it easier to complete technical validation, customer procurement and scale replication; enterprise customers have clear payers and clear return-on-investment cycles, and industry leaders are expected to further enhance their project acquisition capabilities and competitive barriers.