New Stock News: Hailight Silicon submits application to Hong Kong Stock Exchange, ranked tenth in global professional optical module providers in 2024 by revenue.

According to the disclosure from the Hong Kong Stock Exchange on October 31st, Beijing HGXZ Technology Co., Ltd. (abbreviated as HGXZ) has submitted its listing application to the main board of the Hong Kong Stock Exchange, with Huatai International as the exclusive sponsor. According to the prospectus, HGXZ is a provider of optoelectronic interconnect products, offering optical modules, active optical cables (AOC, integrating optical modules and optical fiber cables into a single component for high-speed interconnect) and other products. The company's optoelectronic interconnect products are widely used in AI data centers to support high-speed, high-density, and high-efficiency data transmission. The company differentiates itself through end-to-end technological capabilities ranging from chip design to optical module manufacturing, and focuses on silicon photonics technology. The company's portfolio of optical module products covers transmission rates of 100G, 200G, 400G, and 800G, compatible with various industry standard form factors. All single-mode optical modules of 400G and above use silicon photonics technology. HGXZ's AOC and other product lines meet diverse customer needs, generating synergies in the product portfolio and creating cross-selling opportunities. According to data from Frost & Sullivan, based on projected revenue for 2024, the company ranks tenth among global specialized optical module providers and is the fastest-growing among the top ten manufacturers from 2022 to 2024. Based on the same data source, the company ranks sixth globally and fifth in China among specialized AI optical module providers by revenue for 2024. The company focuses on next-generation optoelectronic interconnect technology, specifically: - 6T, 3.2T, and other next-generation high-speed optoelectronic interconnects to support the increasing data throughput demands of AI data centers; - Advanced optoelectronic interconnect technologies including near-packaged optics (NPO) and co-packaged optics (CPO), integrating optical engines closely or directly with electronic chips to significantly reduce signal loss, improve efficiency, and support ultra-high-frequency bandwidth densities; and - PCIeAEC and PCIeAOC products for high-speed optoelectronic interconnects for servers and accelerator cards, providing higher transmission bandwidth and lower power consumption. In terms of performance, for the six-month periods ending on June 30th in 2022, 2023, 2024, and 2025, the company achieved revenues of approximately 103 million yuan, 175 million yuan, 862 million yuan, and 698 million yuan respectively; during the same periods, the total comprehensive losses were approximately 60.209 million yuan, 109 million yuan, 18.216 million yuan, and 34.847 million yuan respectively.