Guangdong CNC jumps 185% in Shanghai debut after $109M IPO
What's the deal? Guangdong CNC TechnologyDealroom has a profile for this one. Try Dealroom → (钶锐锶) began trading on the Shanghai Stock Exchange's STAR Market on November 10, raising roughly US$106.8M at US$6.24 per share. The stock opened at US$24.9 — up 299% — before closing about 185% above its offer price, putting its market value near US$1.33B.
What does it do? The company makes full direct-drive computer numerical control (CNC) machine tools, which drop intermediate transmission parts for faster, more precise machining. Nearly 90% of its tools serve precision moulds, aerospace, and consumer electronics.
The numbers: Revenue rose to US$56.2M in 2025, with net profit of about US$10.2M. First-half 2026 revenue reached US$34.1M, up 34% year on year, and the company expects continued growth through the third quarter.
Who owns it? Founder Meng Changmin controls 46.75% of voting rights ahead of the IPO. Strategic investors subscribed US$21.3M, including Luxshare Precision and Bozhon Precision Industry Technology.
Why now? Guangdong CNC is riding China's push to localise high-end industrial equipment. It says its machines have replaced some foreign brands, competing against the likes of Japan's MakinoDealroom has a profile for this one. Try Dealroom → and FanucDealroom has a profile for this one. Try Dealroom →, Switzerland's GF, and Germany's RödersDealroom has a profile for this one. Try Dealroom →.
The signal: The debut landed at a 41.86 times price-to-earnings multiple amid a hot run for A-share new listings, where first-day surges have been common. That froth — plus a thin post-IPO float — means the pop reflects market sentiment as much as fundamentals. Whether domestic substitution turns into lasting growth still hinges on the company proving its high-end systems and delivery at scale.
Read more: itjuzi.com
Image credit: Fagor Automation
