New stock news | Feisu Innovation passes the Hong Kong Stock Exchange hearing, serving over 500,000 customers worldwide

According to the disclosure by the Hong Kong Stock Exchange on March 2, Shenzhen Feisuchuangxin Technology Co., Ltd. (Feisuchuangxin) has gone through the listing hearing on the main board of the Hong Kong Stock Exchange, with CICC, China Securities Co., Ltd. International, and CMSC International as joint sponsors. The prospectus shows that based on data from Frost & Sullivan, as of 2024, Feisuchuangxin is the world's second largest online DTC network solution provider with a market share of 6.9%. The company's network solutions enable global enterprises to achieve efficient digital transformation. Through the company's online sales platform FS.com, Feisuchuangxin provides scalable, cost-effective, and all-in-one network solutions. The company's solutions range from high-performance network equipment, scalable network device operating systems, to cloud network management platforms. The company's solutions support scenarios including high-performance computing, data centers, enterprise networks, and telecommunications, meeting global customers' demands for enterprise-grade high-performance network solutions and foundational network solutions through a platform-centric, online empowerment approach. Feisuchuangxin adheres to a customer-centric approach and has formed a global customer base across different industries. As of February 24, 2026, the company has served over 500,000 customers in more than 200 countries and regions, covering around 60% of the Fortune 500 companies, spanning industries such as information technology, financial services, healthcare, education, automotive, and electronics. Feisuchuangxin has established a highly integrated DTC model that efficiently delivers scenario-based solutions globally. The company's DTC model integrates these functions into a unified platform system, providing global customers with a complete experience of integrated solution design, product verification, and one-stop procurement. Financially, as of the fiscal years 2022, 2023, 2024, and the nine months ended September 30, 2024 and 2025, Feisuchuangxin achieved revenues of approximately RMB 1.988 billion, 2.213 billion, 2.612 billion, 1.954 billion, and 2.175 billion respectively; during the same periods, Feisuchuangxin realized gross profits of approximately RMB 903 million, 1.092 billion, 1.306 billion, 996 million, and 1.143 billion respectively.