New stock news | Bloke Electronic submitted an application to the Hong Kong Stock Exchange.

According to the disclosure by the Hong Kong Stock Exchange on January 12, Hangzhou Borui Electronic Co., Ltd. (referred to as "Borui Electronics") has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CMSC International as its exclusive sponsor. The prospectus reveals that Borui Electronics is the world's leading and China's largest provider of high-performance power supplies for server computing, empowering a wide range of industrial, consumer, and commercial energy conversion applications. According to data from Frost & Sullivan, based on revenue from high-performance server power supplies in 2024, the company's market shares in the global and mainland China server power supply markets are 8.9% and 18.9% respectively. The company's products mainly serve dedicated computing power (accomplishing computing tasks for specific purposes or functions) and AI computing power (currently mainly using graphics processing units ("GPUs") designed for general-purpose computing), meeting strict requirements for output power, efficiency, power density, and reliability.