New Stock News | Star Quantum Technology (688031.SH) resubmits listing application to Hong Kong Stock Exchange

According to the disclosure from the Hong Kong Stock Exchange on March 25th, XingHuan Information Technology (Shanghai) Co., Ltd. (referred to as XingHuan Technology (688031.SH)) has submitted its listing application to the main board of the Hong Kong Stock Exchange, with HAITONG INT'L as the exclusive sponsor. The company previously submitted its application to the Hong Kong Stock Exchange on August 18, 2025. The prospectus shows that, according to data from Frost & Sullivan, XingHuan Technology is the fifth largest AI infrastructure software supplier in China in terms of revenue, with a market share of 2.8% in 2024, making it the largest pure service provider in the market. The company is the first in the world to pass the TPC-DS test and official audit as a database enterprise, indicating that its basic software based on distributed architecture has reached a leading level in large-scale data computation and analysis. The company is also the first Chinese enterprise to be selected in Gartner's "Magic Quadrant for Data Warehousing and Data Management Solutions," marking its leading position being recognized by international authoritative organizations.