New Stock News | Sharetronic Data Technology (300857.SZ) Hong Kong IPO Prospectus Invalid

Sharetronic Data Technology Co., Ltd. (referred to as: Sharetronic Data Technology (300857.SZ)) submitted its Hong Kong IPO prospectus on October 22, 2025, which expired 6 months later on April 22, 2026. Tianfeng International, BOCOM INTL, and Guangyin International were the joint sponsors at the time of submission. According to the previous prospectus, Sharetronic Data Technology provides customized cloud solutions through its independently developed FCloud platform. The company, with data as its core and AI demand as its driver, has built a collaborative business system with IoT smart terminals as the source of data collection, Beijing Vastdata Technology's data storage devices as the carrier, and AI processing center for processing data and converting it into AI computing service capabilities. According to Frost & Sullivan data, in 2024, based on annual SSD revenue, the company was the second-largest domestic smart storage device manufacturer in the global market; based on shipment volume, the company was the second-largest domestic consumer-grade smart camera manufacturer in the global market, with a 6.6% market share.