New stock news | Shenzhen Kinwong Electronic (603228.SH) announces plans for Hong Kong IPO, stock price has been rising for several consecutive days.

On the evening of October 28th, Shenzhen Kinwong Electronic (603228.SH) announced that the company is planning to issue shares overseas (H shares) and list on the main board of the Hong Kong Stock Exchange. As of now, the company is in discussions with relevant intermediaries regarding the issuance of H shares and listing, and the details have not been finalized. This issuance of H shares and listing will not result in any changes to the company's controlling shareholders and actual controllers. As required, after the specific plan is determined, the issuance of H shares and listing still needs to be submitted for review by the company's board of directors and shareholders' meeting, and approval or authorization from regulatory authorities such as the China Securities Regulatory Commission, Hong Kong Stock Exchange, and Hong Kong Securities and Futures Commission is required. There is a significant degree of uncertainty as to whether the issuance of H shares and listing will pass the review, filing, and approval processes and be implemented. It is worth mentioning that Shenzhen Kinwong Electronic has risen sharply for three consecutive days, with gains on October 27th and 28th hitting the daily limit. As of the report issued on October 29th, Shenzhen Kinwong Electronic was at 81.69 yuan/share, with an increase of 5.83%. As a national high-tech enterprise specializing in the research, production, and sales of PCBs, Shenzhen Kinwong Electronic's products cover multi-layer boards, thick copper boards, high-frequency high-speed boards, metal-based circuit boards, double-sided/multi-layer flexible circuit boards, high-density flexible circuit boards, HDI boards, rigid-flex boards, special material PCBs, carrier boards, and packaging substrates, etc. Currently, Shenzhen Kinwong Electronic has six production bases in Guangdong - Shenzhen, Guangdong - Longchuan, Jiangxi - Jishui, Jiangxi - Xinfeng, Zhuhai - Jinwan, and Zhuhai - Fushan. Since the beginning of this year, the company has been expanding into emerging markets such as AI servers, high-speed switches, optical modules, and satellite communications while maintaining its advantage in the automotive electronics field. In the first half of the year, mass production speed increased in the field of AI servers, high-density high-end HDI capabilities were enhanced, and the shipment volume of 800G optical modules increased, providing stable batch supply to multiple leading optical module customers.