Eston Hong Kong Stock Listing Falls Below Issue Price: Drops 16%, Company Market Cap at HKD 12.5 Billion

NightAirdropper · 2026-03-10T04:14:08+00:00

Nanjing Estun Automation Co., Ltd. was listed on the Hong Kong Stock Exchange on March 9, with an issue price of HKD 15.36 and a net fundraising amount of HKD 1.412 billion. The stock price plummeted after opening, closing at HKD 12.9, with a market capitalization of HKD 12.485 billion. The company's main businesses include industrial automation, robotics, and digital products, but its revenue and profit performance are expected to be poor over the next three years.

NightAirdropper

2026-03-10 04:14:08

Abstract generation in progress

DoNews, March 9 — Nanjing Estun Automation Co., Ltd. (referred to as “Estun,” stock code: “2715”) was listed on the Hong Kong Stock Exchange today. Estun’s offering price was HKD 15.36 per share, with a global offering of 96.78 million shares, raising a total of HKD 1.487 billion; after deducting listing expenses of HKD 75.01 million, the net proceeds were HKD 1.412 billion.

Although supported by numerous institutions, Estun opened sharply lower. The Hong Kong stock opened at HKD 15.36, the same as the offering price; afterward, the stock price dropped significantly, closing at HKD 12.9, down 16% from the offering price. Based on the closing price, the company’s market capitalization is HKD 12.485 billion.

Estun has developed three core business areas: industrial automation series products, robotics and intelligent manufacturing systems, and industrial digitalization series products — providing comprehensive automation, intelligent, and digital solutions.

Estun’s revenue for 2022, 2023, and 2024 was RMB 3.881 billion, RMB 4.652 billion, and RMB 4.0 billion respectively; gross profit was RMB 1.276 billion, RMB 1.455 billion, and RMB 1.134 billion; operating profit was RMB 361 million, RMB 310 million, and a loss of RMB 604 million; net profit for the year was RMB 183 million, RMB 133 million, and a loss of RMB 818 million.

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