Shanghai Top Numerical Control Technology Co., Ltd. (Ticker: 7688 HK) is a Shanghai-based intelligent manufacturing equipment company focused on high-end five-axis CNC machine tools and process solutions for China’s aviation and aerospace sector. The company researches, designs, manufactures and sells five-axis computerized numerical control machine tools, drilling and riveting robots, intelligent production line systems and related repair and maintenance services. Its products are used in aviation and aerospace manufacturing, as well as general industrial applications including automotive, energy, medical equipment, shipbuilding and die and mould manufacturing.

Shanghai Top Numerical Control plans to list on the Hong Kong Stock Exchange on May 20, 2026. According to the IPO terms, the company is offering approximately 65.33 million H shares at HK$26.39 per share, raising approximately HK$1.72 billion, or about US$220.2 million. Market capitalization at the offer price is approximately HK$9.80 billion, or about US$1.25 billion. The offering consists entirely of primary shares and includes a 15% greenshoe option. The Hong Kong public offer accounts for 10% of the global offering, with 90% allocated to the international placing. CCB International Capital and Guotai Junan Capital are the sponsors, with CCB International Capital and Guotai Junan Securities Hong Kong acting as global coordinators.