New stock news | It is rumored that Huaqin Technology (603296.SH) will debut on the Hong Kong stock market as early as this quarter, raising at least HK$4.6 billion.

Huaqin Technology, a smart product original design manufacturer (ODM) platform, submitted its application for listing on the main board of the Hong Kong Stock Exchange in September 2025. Media reports suggest that the company plans to go public in Hong Kong as early as this quarter, raising approximately 6 to 8 billion US dollars (about 46.8 to 62.4 billion Hong Kong dollars). China International Capital Corporation and Bank of America Merrill Lynch are the joint sponsors for the listing. According to the prospectus, Huaqin Technology was established in August 2005 and went public on the main board of the Shanghai Stock Exchange in August 2023. It is a global leading, technology-driven smart product platform company that provides end-to-end solutions across the entire value chain for its customers. Huaqin Technology has strategically positioned its "3+N+3" smart product matrix, which includes three main pillar products: smartphones, laptops, and servers. Based on this, the company has expanded into three product series: mobile terminals and AIoT, computing business, and data center business. Additionally, the company is continuously exploring new opportunities in the areas of automotive electronics, software business, and Siasun Robot & Automation. According to ZuoShi Consulting, Huaqin Technology is one of the most comprehensive smart product ODM platforms globally and is the only ODM manufacturer to establish a leading market position in smart phones, tablets, smart wearables, laptops, and data infrastructure products simultaneously. Financially, in the fiscal years of 2022, 2023, 2024, and the six months ended June 30, 2025, Huaqin Technology achieved revenues of approximately 92.646 billion yuan, 85.338 billion yuan, 109.878 billion yuan, and 83.939 billion yuan respectively. The annual/period profits were approximately 2.514 billion yuan, 2.657 billion yuan, 2.916 billion yuan, and 1.908 billion yuan respectively.