07618 京東工業
JD INDUSTRIALS
JD INDUSTRIALS
| Register Close | 2025/12/08 IPO Closing in 4 Days |
| Listing Date | 2025/12/11 |
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IPO Detail
COMPANY PROFILE
JINGDONG Industrials, Inc. is the leading industrial supply chain technology and service provider in China. Through transformative digitalization of the industrial supply chain, the Group helps its customers increase supply chain reliability, reduce costs, enhance efficiency, and ensure compliance.
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The Group offers a wide range of industrial products and digital supply chain services through Taipu, its digital industrial supply chain total solution that integrates digitalization and products. The Group generates revenue primarily from sales of products and its customers consist of various participants along the industrial supply chain.
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The Group have established itself as the largest player in the MRO procurement service market in China, ranking No.1 as measured by GMV in 2024, which is nearly three times the size of the next largest player and also emerged as the largest service provider in China’s industrial supply chain technology and service sector, with a market share of 4.1%, in terms of GMV in 2024, according to the report.
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The Group offers an extensive variety of industrial products, standing as the broadest in China in terms of the number of SKUs as of December 31, 2024. As of June 30, 2025, the Group offered approximately 81.1 million SKUs across 80 product ategories. Its product offerings are underpinned by expansive industrial products sourcing network of approximately 158,000 manufacturers, distributors, and resellers on a nationwide basis for the twelve months ended June 30, 2025.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Commercial & Professional Services |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 211.21M shares |
| No. of International Offer Shares | 190.09M shares |
| No. of HK Offer Shares | 21.12M shares |
| Offer Price | $12.70 - $15.50 |
| Stock Code | 7618 |
| Sponsor(s) | Merrill Lynch (Asia Pacific) Limited, UBS Securities Hong Kong Limited, Haitong International Capital Limited, Goldman Sachs (Asia) L.L.C. |
| Underwriter(s) | Merrill Lynch (Asia Pacific) Limited, UBS AG Hong Kong Branch, Haitong International Securities Company Limited, Goldman Sachs (Asia) L.L.C., Huatai Financial Holdings (Hong Kong) Limited, ABCI Securities Company Limited, BOCI Asia Limited, CLSA Limited, CMBC Securities Company Limited, Futu Securities International (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited, ICBC International Securities Limited, Orient Securities (Hong Kong) Limited |
TIME TABLE
| Application Period | Dec 03 (Wed) - noon, Dec 08 (Mon) |
| Price Determination Date | Dec 09 (Tue) |
| Result Announcement Date | On or before Dec 10 (Wed) |
| Result Announcement Date | On or before Dec 10 (Wed) |
| Result Announcement Date | On or before Dec 11 (Thu) |
| Dealings in Shares commence on | Dec 11, 2025. (Thu) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $12.70 - $15.50 |
| Capitalization | 34.13B - 41.66B |
| NAV / share ($) | $1.43 - $1.69 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 14.1, the net proceeds raised would be HKD 2.83B, of which |
| 35% : Further enhance industrial supply chain capabilities |
| 25% : Business expansion across geographies |
| 30% : Potential strategic investments or acquisitions |
| 10% : Working capital needs |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).