Guanglian Technology Holdings (02531) rose more than 22% at the end of the day, reaching a new high of HK$11.48 and more than 1.4 times its IPO price of HK$4.7. As of the time of writing, it has risen 18.15%, at HK$11, with a turnover of 3.9396 million HK dollars and a total market value exceeding 4 billion HK dollars.
According to the Smart Finance APP, Guanglian Technology Holdings (02531) rose more than 22% at the end of the day, reaching a new high of HK$11.48 and more than 1.4 times its IPO price of HK$4.7. As of the time of writing, it has risen 18.15%, at HK$11, with a turnover of 3.9396 million HK dollars and a total market value exceeding 4 billion HK dollars.
It is reported that Guanglian Technology Holdings (Dika) is a provider of in-vehicle hardware and SaaS marketing and management services for participants in the Chinese automotive aftermarket industry, focusing on selling in-vehicle hardware products to industry participants in the value chain and providing SaaS marketing and management services, including SaaS subscription services and SaaS value-added services.
According to the report by Zuknow Consulting, based on the revenue in 2023, the company ranks first among SaaS marketing and management service providers for the Chinese automotive after-market industry, with a market share of 6.1%. Based on the revenue in 2023, the company ranks third among in-car hardware providers for the Chinese automotive after-market industry, with a market share of 3.4%.