First day of the IPO | Sidi Smart Drive (03881) was first listed in early trading, and the company focused on autonomous driving mining card solutions in a closed environment

The Zhitong Finance App learned that Sidi Smart Drive (03881) was first listed. According to the announcement, the price was HK$263 per share. A total of 5.408 million shares were issued, 10 shares per lot, with a net proceeds of about HK$1,309 billion. As of press release, there was no increase or decrease. The report was HK$263, with a turnover of HK$51.3333 million.

According to public information, Sidi Smart Driving is an innovative product-driven supplier of intelligent driving products and solutions for commercial vehicles in China. The Group focuses on developing closed environment autonomous trucks, V2X (Internet of Vehicles) technology and intelligent sensing solutions for mining and logistics, and provides products and solutions based on proprietary technology. During the track record period, it mainly focused on intelligent driving in closed environments.

According to Insight Consulting: The Group ranked 6th among all intelligent driving commercial vehicle companies in China (including Hong Kong, Macau and Taiwan, same below), with a market share of about 5.2%; as of the last practical date, the Group delivered 56 autonomous mining trucks to a mining area in China, mixed with about 500 manned trucks to form the world's largest hybrid mining fleet; the Group delivered China's first fully driverless pure electric mining fleet; based on revenue in 2024, the Group ranked third in the autonomous mining card solution market in China; the Group was the first batch to launch commercial vehicles in China An intelligent driving company that uses V2X products; the Group's Autonomous Train Sensing System (TAPS) is currently the only product in China that enables independent safety sensing for trains.